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A man smokes a cigarette as he sits on a pavement along a road in Srinagar September 4, 2012. Reuters/Fayaz Kabli/Files

ITC shuts cigarette plants from May 4

India's biggest cigarette maker ITC Ltd shut its plants from May 4 to comply with a new stipulated pictorial warnings rule issued by the federal government, the company said in a statement.

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IRDA may allow insurance companies to buy banks' AT1 bonds

MUMBAI The Insurance Regulatory Development Authority of India (IRDA) was considering allowing insurers to buy hybrid additional Tier 1 bonds issued by banks, said V.R. Iyer, a senior official at the country's insurance regulator.

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Lahiri sets clubhouse pace at Quail Hollow

CHARLOTTE, North Carolina Anirban Lahiri took the clubhouse lead as Rory McIroy recovered from a poor start and a case of the hooks to haul his way back into a reasonable position in the Wells Fargo Championship first round on Thursday.

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Nepal crisis averted as Maoists remain in coalition

KATHMANDU Nepal's main Maoist party that props up the fragile coalition said on Thursday it had abandoned efforts to form a new government, averting an immediate crisis that had threatened to dislodge Prime Minister K.P. Oli.

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