U.S. President Barack Obama ended a landmark day in India on Monday with a pledge of $4 billion in investments and loans, seeking to release what he called the "untapped potential" of a business and strategic partnership between the world's largest democracies. Full Article | Slideshow
NEW DELHI - A civil nuclear pact struck at summit talks between Indian Prime Minister Narendra Modi and U.S. President Barack Obama could help clear a logjam of stalled projects, the head of U.S. nuclear power plant maker Westinghouse told Reuters on Monday.
Prime Minister Narendra Modi gave U.S. first lady Michelle Obama stiff fashion competition at the weekend, turning out in a dark pinstripe suit embroidered with his own name - repeatedly. The saffron stripes in the fitted wool jacket and trousers that Modi wore during bilateral talks with U.S. President Barack Obama on Sunday were not stripes at all. Full Article
China called on India on Monday to take more steps to satisfy the standards of a global organisation that controls atomic exports after U.S. President Barack Obama said the United States was in favour of India joining the group. Full Article | Related Story
India conferred one of its highest civilian awards on billionaire philanthropist and Microsoft co-founder Bill Gates and his wife Melinda for their work to improve health in developing countries. Every year the Padma Bhushan award is presented to Indians and some foreigners for service in various areas. Full Article
Pulitzer Prize winning author Jhumpa Lahiri won the DSC Prize for South Asian fiction on Thursday, the third straight year a writer of Indian origin has carried off the annual $50,000 prize that recognises the region's top literary talent. Lahiri, who won a Pulitzer Prize in 2000, was the best-known author on a shortlist of five writers with her entry "The Lowland," a tale of brothers bound by tragedy. Read
'The Red Sari'
Efforts by the Congress party to block the publication of a "dramatized" biography of president Sonia Gandhi only stoked interest in the book, said author Javier Moro. "The Red Sari", the English translation of the 2008 Spanish-language "El sari rojo", hit bookstands in India seven months after the party was ousted after a decade in power. Full Article
Global business leaders and bankers convene this week for the World Economic Forum fresh off a $3.5 trillion year of mergers, the biggest tally of the post-financial crisis era. While the momentum creates an ideal climate for corporate dealmaking, it’s less clear the atmosphere is conducive to strike the more important political accords for which Davos has become renowned. Full Article
Asia is battling not one but three demons. The unholy trinity of debt, deflation and demographics threatens to sap the region’s growth potential. Fending off the challenge requires central banks to cut borrowing costs. But they are reluctant to do so when U.S. interest rates are poised to rise. That could turn out to be a huge error. Full Article
A scintillating fireworks show that illuminated the cityscape and commemorated Australia Day fittingly capped an explosive performance by Venus Williams and the Stars and Stripes brigade at the Australian Open on Monday. Full Article | Related Story