Under pressure, govt to review steep petrol hike
NEW DELHI - India's coalition government opened the way for a partial rollback of the steepest petrol hike in the country's history after two days of street protests and dissent from within its own ranks over the unpopular measure.
Spain region, Greek exit warnings rattle euro zone
- Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances.
SEBI toughens stance on serious cases
The Securities and Exchange Board of India says it will not settle serious cases, such as insider trading and unfair trade practices, through the use of consent orders - a mechanism that avoids lengthy legal proceedings. Full Article
Egypt to pick Islamist or military man as leader
Egyptians must choose between a Muslim Brother or an ex-military man in a presidential run-off, first-round results indicate. Full Article
Botched Facebook IPO set to benefit lawyers
Facebook's bungled initial public offering has gone from one of the most highly anticipated stock offerings to a hot legal opportunity for lawyers on both sides of shareholder litigation. Full Article
Barca claim King's Cup in Guardiola swansong
Barcelona win their 26th King's Cup after two goals from Pedro and one from Lionel Messi gave them a 3-0 victory over Athletic Bilbao in coach Pep Guardiola's final match in charge. Full Article
Latest Headlines
2G TELECOM SCANDAL
Essar's Ruia, Loop execs get bail
Five businessmen, including billionaire Ravi Ruia from the Essar conglomerate, win bail in a case probing a telecoms licensing scandal which has drawn in tycoons and a former minister. Full Article
BREAKINGVIEWS
Petrol hike pumps hope for deflated India
Raising prices at petrol pumps is never likely to be popular. India's brave decision will also prove meaningless unless it is followed by bolder action to cut the more generous diesel subsidies. It would be nice to think that India is about to turn a corner, but the politics of the issue means the road to growth still looks pretty jammed. Full Article
JPMorgan: Jamie Dimon and the horse he fell off
Very few screwups will garner the same level of public attention as JPMorgan’s trading loss. But the principle we’re getting at is the same. Over the course of your career, you won’t be measured just by how many mistakes you make, because you’ll make your fair share, but you’ll be measured, as importantly, by how well you recover from them. Commentary | Video
More joining the general insurance party in India
While the profitability of general insurance companies may not look all that attractive currently with most making mostly investment income, they definitely seem to be growing. With increasing healthcare costs and awareness regarding the same, more and more of the population would start buying health insurance plans. Full Article
It's time India bites the diesel bullet
Petrol prices have been hiked. The govt perhaps knows by now that they will be criticised for every fuel price hike, irrespective of the fact whether the commodity price is controlled or decontrolled. It is up to them now to bite the bullet of diesel price hike or decontrol, digest that criticism and send a strong signal that they are seriously considering improving the fiscal condition. Full Article
The rupee’s fall from grace
Indian milk and dairy products producer Amul’s campaign has a new subject -- the rupee. The Amul mascot’s angst today reflects that of investors who have so far been bullish on the India growth story. That the rupee has caught the Amul girl’s attention is no surprise. Full Article
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Aishwarya at Cannes
A look at the Bollywood actress through the years at the Cannes Film Festival. Slideshow
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