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Jet Airways Q4 net loss widens to 4.96 billion rupees

NEW DELHI - Jet Airways, which recently agreed to sell a 24 percent stake to Gulf carrier Etihad, reported a wider quarterly loss, hurt by higher costs.

U.S. hints at renewed Iranian sanctions waiver for India 6:31pm IST

NEW DELHI - India has made "tremendous progress" in reducing oil imports from Iran, a senior U.S. government official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against Tehran's nuclear programme.

Five-day stock price movement of Wockhardt
Market Eye

Wockhardt slumps for second day on FDA alert

Shares in Wockhardt plummeted as much as 19.3 percent on Friday to their lowest since August 2012, continuing to reel for the second day, after the U.S. Food and Drug Administration imposed an "import alert" on a plant operated by the generic drugmaker.  Full Article | Quote 

A North Korean national flag is seen on the top of its embassy in Beijing December 12, 2012. REUTERS/Jason Lee/Files

N.Korea says will take "positive steps" for peace

A North Korean envoy told China's president on Friday that his reclusive country was willing to take "positive actions" to ensure peace and stability on the Korean peninsula, as China steps up diplomatic efforts to bring Pyongyang back to talks.  Full Article 

Flying car for the masses set for take-off
Science

Flying car for the masses set for take-off

New England aviation company Terrafugia has unveiled its latest conceptual version of a flying car. Unlike its current flying car, which is designed for pilots, the new design incorporates autonomous functionality, a move the company says will open up the skies to everybody. Terrafugia is already testing a flying car prototype called the Transition.  Video 

Actress Amanda Bynes arrives at the 2009 MTV Video Music Awards in New York, September 13, 2009. REUTERS/Lucas Jackson/Files

Amanda Bynes arrested for bong incident

U.S. actress Amanda Bynes was arrested after she allegedly threw a bong - a water pipe commonly used for smoking marijuana - out the window of a Manhattan apartment building.  Full Article 

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Tracking Markets

OPINION

James Saft

Revenge of the markets

For months, markets have been dancing to central bankers' tune, but that may now be changing. It must have been fun to be a central banker in the early part of 2013. That seems to have ended rather abruptly in the 24 hours beginning with the Bank of Japan's disappointing response to bond market volatility and including Ben Bernanke's anodyne but market-roiling comments on Wednesday on the possibility of a policy taper.  Full Article 

Anatole Kaletsky

The many interpretations of Ben Bernanke

The reaction to Federal Reserve Chairman Ben Bernanke's tediously familiar statement, and release of the equally repetitive minutes of the last Fed meeting, was some of the wildest gyrations seen in the world’s financial markets for months. Why did the financial world react in this manic-depressive way to a statement that was bland and predictable?  Commentary 

David Rohde

Prosperity without power

In Moscow, they are “non-Soviet Russians.” In New Delhi, they are a “political Goliath” that may soon awake. In Beijing and Sao Paolo, they are lawyers and other professionals who complain about glacial government bureaucracies and endemic graft. Across the BRIC nations, frustrated members of the middle class are demanding change, but traditional power holders remain entrenched.  Commentary 

Breakingviews

Andy Mukherjee

Blame Japan’s debt on companies, not the state

Japan’s government is up to its neck in debt. That, however, is not because the government has been overly profligate, but because Japanese companies have been deleveraging for a long time. If Prime Minister Shinzo Abe’s policies revive private investment, the government’s track record suggests it will tighten its belt.  Full Article 

Bollywood fashion at Cannes

Bollywood fashion at Cannes

Remember fashion’s golden rule: you are what you wear. The Bollywood brigade at this year's Cannes Film Festival may seem a bit like the contestants in the national costume round of a beauty pageant. Keeping their identity intact while representing their country on an international platform is praiseworthy, but is it making a fashion statement?  Blog 

Beckham's final 81st minute

Beckham's final 81st minute

In his last match as a professional footballer, Beckham did everything to be a key player on the pitch. Thanks to him his team was able to score. However, there was something different this time. You could see his desperation to score, a need to shine, and an attempt to make those final minutes on the pitch last as long as possible.  Full Article 

Decoding Assange

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