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Vistara plans to expand into international routes

GURGAON - Airline Vistara plans to expand its fleet size and start flying to overseas destinations within two years, its CEO said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad.

Sensex posts best fiscal-year gain since 2009-10 4:20pm IST

MUMBAI - The BSE Sensex posted its biggest fiscal-year gain in six in 2014-15 on bets that the Prime Minister Narendra Modi-led government would be able to revive growth in Asia's third-largest economy.

A bronze bull sculpture is seen as an employee walks out of the Bombay Stock Exchange (BSE) building in Mumbai April 1, 2014. REUTERS/Danish Siddiqui/Files
Markets

Sensex to hit record high in 2015 - Reuters poll

The BSE Sensex will recover from a recent dip to set a record high this year but analysts are less bullish than they were three months ago, a Reuters poll found. The Sensex fell to a 10-week low last week and closed at 27,975.86 on Monday but the poll of 21 analysts taken in the past week forecast it would recover to 29,500 by mid-year and reach a record high of 32,000 by the end of December.  Full Article 

Auto rickshaws wait in front of the head office of State Bank of India (SBI) in New Delhi August 12, 2013. REUTERS/Anindito Mukherjee/Files

SBI gets nod to divest stake in insurance unit

State Bank of India, the country's largest lender, said on Tuesday it had received approval for divestment of its stake in private life insurer SBI Life Insurance Co Ltd by up to 10 percent. The executive committee of the central board of the bank authorised the divestment on Monday, State Bank of India said in a statement to the exchanges.  Full Article 

Well-wishers pray for the health of Thailand's revered King Bhumibol Adulyadej at the Siriraj hospital in Bangkok October 8, 2014. REUTERS/Chaiwat Subprasom/Files

Thai PM asks king's approval to lift martial law

Thailand PM Prayuth Chan-ocha said on Tuesday he has asked for King Bhumibol Adulyadej's permission to lift martial law which has been in place nationwide since before a May coup.  Full Article 

European Union Political Director Helga Schmid (L), European Union High Representative Federica Mogherini (C) and Iranian Foreign Minister Javad Zarif wait with others for a meeting with officials from P5+1, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne March 31, 2015.  REUTERS/Brendan Smialowski/Pool

Iran, powers rush for nuclear deal as clock ticks

Iran and six world powers ramped up the pace at Tuesday's negotiations over a preliminary deal on the Iranian nuclear programme, as their self-imposed deadline approached and both sides warned it was crucial to overcome differences that could wreck an agreement.  Full Article 

New Zealand's Daniel Vettori (R) celebrates dismissing Bangladesh's Soumya Sarkar with Brendan McCullum (L) during their Cricket World Cup match in Hamilton March 13, 2015. REUTERS/Nigel Marple

Vettori confirms international cricket retirement

New Zealand left-arm spinner Daniel Vettori confirmed what many expected in announcing his retirement from international cricket upon the team's return from the World Cup on Tuesday.  Full Article 

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Calamity

Villagers and rescue workers use blankets to cover the bodies of victims amongst the rubble after a hillside collapsed onto a house at Laden village, west of Srinagar, March 30, 2015. REUTERS/Danish Ismail

Heavy rains trigger flood fears in Kashmir; 17 dead

Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north.  Full Article 

Una Galani

India’s boardroom diversity drive has weird result

India’s effort to break the old boys’ club is producing bizarre outcomes. Tycoons have responded to a requirement that they have at least one female board member by April 1 by appointing their wives and even stepmothers as directors. India’s corporate governance has room for improvement and gender diversity at the top can improve financial returns. But mandating change isn’t the answer.  Full Article 

Mohamad Bazzi

How Yemen became the front line of a Mideast-wide war

In the early morning of Mar. 26, Saudi Arabia went to war against the Houthi rebels in Yemen. In doing so, Saudi leaders opened the latest chapter in a long history of meddling and influence over their southern neighbor. Since Saudi Arabia was founded in the 1930s, its leaders have tried to keep a friendly regime in power in Yemen and to prevent it from posing a threat to Saudi interests.   Opinion 

Vikas Purohit

Indian designers will create new products for online shoppers: Amazon India fashion head

The e-commerce industry in India is expected to cross $100 billion in the next four years. Can designer wear be successful in the medium that attracts many of its users because of discounts? Vikas Purohit, head of fashion at Amazon India, foresees the country’s top designers creating products especially suited to online retail.  Full Article 

Cinderella

Cinderella’s new moral: Be rich or be a pumpkin

Cinderella marriages are getting to be as rare as golden coaches. Economist Jeremy Greenwood has found that your chances of marrying outside your income bracket have been dropping since the 1950s because of something called assortive mating, which means that we are increasingly drawn to people in similar circumstances. Inequality has grown and mobility has stalled.  Commentary 

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