NEW DELHI/BHUBANESWAR - India's power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country's busiest ports that now has twice the number of vessels waiting than its available berths.
NEW YORK - Concern about a potential economic slowdown in China pressured world stock indexes on Monday and helped pushed Brent crude oil below $97 a barrel.
PM Narendra Modi will observe a strict religious fast during his maiden trip to the United States, aides said on Monday, in a test both of the 64-year-old leader's stamina and of protocol in the Obama White House. "He will only consume lemonade with some honey and a cup of tea every day," a senior official in Modi's office in New Delhi told Reuters. Full Article
Indian scientists successfully tested the main engine of a spacecraft bound for Mars on Monday and performed a course correction that puts the low-cost project on track to enter the red planet's orbit. The $74-million mission will attempt to enter orbit around Mars early on Wednesday. If successful, it will be the first time a mission has entered Mars' orbit on its first attempt. Full Article | Graphic
The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May. Lower crude prices mean less government outlay for India, which imports 80 percent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer. Full Article
Apple Inc said it sold more than 10 million iPhones in the first weekend after its new models went on sale on Friday, underscoring strong demand for phones with larger displays. Full Article
Retailers have reported a spike in sales of HMT watches after media reports said last week that the unprofitable unit of HMT Machine Tools Ltd was likely to wind down. Growing competition and the entry of foreign quartz watches and HMT’s failure to adapt to change led to falling sales, a slump from which the company never recovered. Article
Indian diplomat Navtej Sarna‘s latest book pieces together the history of an Indian “hospice” in Jerusalem. Spread over seven thousand square metres near the Dome of the Rock, the property has its origins in a visit by Sufi saint Baba Farid about 800 years ago. Farid, a pioneer of the Punjabi literary tradition, supposedly meditated for 40 days in an underground chamber in Jerusalem. Full Article
Despite being outlawed more than half a century ago, the custom of dowry continues unabated – promoting the view that girls and women are a liability and resulting in abuse, discrimination and murder. The mental and physical abuse some women face over dowry demands has driven them to suicide. Full Article
China’s real estate market is big enough that it can have not one property problem but many. A Breakingviews ranking of the forty biggest cities, according to different kinds of risks, shows there are huge differences between local markets. It’s not much consolation, though. A conflagration of regional problems could be just as bad as one big national one. Full Article
"Hidden in Plain Sight" is an aptly titled new study by the United Nations International Children’s Fund. It shows that one in 10 girls and young women interviewed reported being sexually abused before age 20. “These are uncomfortable facts,” one UNICEF official said of the report, the largest study on global child abuse to date. “No government or parent will want to see them.” Commentary
Sierra Leone recorded 130 new cases of the Ebola virus during a three-day lockdown and it is waiting for test results on a further 39 suspected cases, Stephen Gaojia, head of the Ebola Emergency Operations Centre, said on Monday. Full Article