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Factories post fastest growth for 17 months in July

BANGALORE - India's factory activity expanded at its fastest pace in 17 months in July as firms responded to burgeoning new orders by increasing output even as input prices jumped sharply, a business survey showed on Friday.

Rupee stays at three-month low; U.S. jobs data key 10:28am IST

Reuters Market Eye - The rupee <INR=D2> falls to 60.80 versus the dollar, its lowest since April 25. The pair was last trading at 60.7750/78 compared with its Thursday close of 60.55/56.

A labourer pushes a hand cart loaded with sacks of rice at a wholesale market in Kolkata March 14, 2014. REUTERS/Rupak De Chowdhuri/Files
WTO

India blocks $1 trillion WTO customs deal

The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.  Full Article 

Protesters shout slogans during a rally against Israeli air strikes in the Gaza strip, in Athens July 31, 2014. REUTERS/Yorgos Karahalis
Middle East Conflict

Israel, Palestinians begin three-day Gaza truce

Israel and Palestinian militant groups in the Gaza Strip have agreed to a three-day humanitarian truce to begin Friday morning, and negotiators from both sides will travel to Cairo to discuss a longer-term solution.  Full Article | U.N. overwhelmed by Gaza crisis 

A man speaks over his mobile phone as customers buy gold at a jewellery showroom in Chennai April 18, 2013. REUTERS/Babu/Files

India uncovers new gold smuggling route

India is scrambling to crack down on a new gold smuggling tactic that it fears could accelerate a flood of illegal imports of the precious metal into the world's second-biggest buyer. India last year imposed a record 10 percent import duty and made it mandatory to export a fifth of all bullion imports, seeking to curb bullion demand that has blown out the trade deficit.   Full Article 

Tata Motors' sedan Zest car is seen on display inside a shopping mall in Gurgoan on the outskirts of New Delhi July 18, 2014. REUTERS/Anindito Mukherjee
Auto

Tata Motors bets on Zest to revive weak sales

Tata Motors will launch a passenger car this month, its first new offering in four years, in a bid to regain market share and plug losses in its domestic business, which was also hard hit by the slowing economy. "Zest" is a compact sedan built on a new platform and, in a departure from previous models, boasts user-friendly features such as touch-screen control panels.  Full Article 

U.S. Secretary of State, John Kerry, arrives to speak with the media following a meeting with Indian External Affairs minister, Sushma Swaraj (R), in New Delhi July 31, 2014. REUTERS/Lucas Jackson
Diplomacy

India, U.S. stress strategic ties, tensions remain

The United States and India stressed their desire to boost business and defense ties on Thursday, but trade and spying rows were a reminder of the obstacles to President Barack Obama's vision of a "defining" partnership.  Full Article 

Botswana's Nijel Amos wins the men's 800m final in the athletics competition at Hampden Park during the 2014 Commonwealth Games in Glasgow, Scotland, July 31, 2014. REUTERS/Russell Cheyne

Commonwealth Games: Amos wins 800 m gold

Botswana's Nijel Amos produced a stunning late run to land the 800 metres gold medal and shock Olympic champion David Rudisha at the Commonwealth Games on Thursday.  Article | India at the Games 

Latest Headlines

News, Views and Expert Opinion with Ankush Arora
    Raffaello Pantucci

    Afghanistan a building block for China-India ties

    It is clear that there are issues with Sino-Indian collaboration on Afghanistan. First among these are differing perceptions on Pakistan and its role in Afghanistan’s current predicament. For China, Pakistani security forces are trying to deal with a monster within their country with links across the border. For Indian authorities, it is a Frankenstein’s monster of Pakistani construction.  Full Article 

    Celine Gounder

    To combat Ebola, first build back trust in healthcare workers

    Efforts to fight stigmatized infectious diseases, like HIV and TB, have taught us that advocates from affected communities have an important role to play. Public health workers need to enlist the help of recovered patients and their families to speak about their experiences with medical treatment for the disease. Religious leaders and traditional healers should also be recruited.  Read 

    Robert Cyran

    Inversions start to spin out of control

    Inversions are starting to spin out of control. A quest for tax savings has made digestible overseas targets attractive to U.S. buyers. Hospira’s potential $5 bln deal for a Danone unit highlights a fresh supply, for so-called “spinversions.” The odd combination also reflects the perverse incentives distorting corporate decisions. Healthcare companies lead the way trying to move domiciles.  Full Article 

    Opinion

    Visitors walk past TV sets during Russian President Vladimir Putin's live broadcast nationwide phone-in at the DNS electronic shop in Russia's Siberian city of Krasnoyarsk April 17, 2014. REUTERS/Ilya Naymushin/Files

    Meet Vladimir Putin’s homophobic, vitriolic, charismatic master of propaganda

    Russian President’s popularity has soared at home in the wake of his actions in Ukraine – and the masterful spin his intervention has been given. The joy that greeted his seizure of Crimea was due, at least in part, to a propaganda system more virulent than its Soviet predecessor. At the center of the system is a journalist called Dmitry Kiselyev.  Read 

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