People walk past a chemist shop at a market in Mumbai June 24, 2014. REUTERS/Danish Siddiqui/Files

Parliamentary panel wants price caps on all drugs

A parliamentary committee has recommended that price caps should be extended to all drugs in the country and that the government should expedite the capping process.  Full Article 

Japan stocks at 15-year peak, oil down as Saudi ends Yemen air campaign 8:19am IST

TOKYO - Japanese shares rallied to a 15-year high on Wednesday on expectations of improved corporate earnings, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East.

A woman checks gold bangles inside a jewelry showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kochi April 21, 2015. REUTERS/Sivaram V
Akshaya Tritiya Festival

Gold demand muted amid hope for lower prices

Gold purchases in India started slowly on Akshaya Tritiya, despite a fall in local prices, as hard times in rural areas have hit demand and many buyers are holding back because they expect prices to fall even further. Indians are the world's biggest consumers of bullion and Akshaya Tritiya celebrated on Tuesday is usually one of the busiest gold-buying festivals along with Diwali and Dhanteras.  Full Article 

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

RBI's rupee management undermines hedging

MUMBAI - The Reserve Bank of India's intervention to temper the rupee's rise is inflating foreign exchange hedging costs, impeding its own efforts to bolster Corporate India's defences against potential currency turbulence.  Full Article 

REPRESENTATIVE IMAGE: India seizes 200 kg heroin shipment on Pakistani boat

India seizes 200 kg heroin from Pakistani boat

India seized 200 kg of heroin from Pakistani drug traffickers aboard a boat on the Arabian sea, a defence official said on Tuesday, in a $15 million haul that is one of the country's largest and comes as narcotic flows escalate from Afghanistan.  Full Article 

Smoke rises during an air strike on an army weapons depot on a mountain overlooking Yemen's capital Sanaa April 20, 2015. REUTERS/Khaled Abdullah

Saudis end air campaign in Yemen

Saudi Arabia announced on Tuesday it was ending a month-long campaign of air strikes against the Houthi rebels who seized large areas of Yemen and said it would back a political solution to bring peace to its war-ravaged neighbour.  Article | Full Article 

Football - Bayern Munich v Porto - UEFA Champions League Quarter Final Second Leg - Allianz Arena, Munich - Germany - 21/4/15 Xabi Alonso scores the sixth goal for Bayern Munich Reuters / Kai Pfaffenbach
Champions League

Brilliant Bayern crush Porto 6-1 to reach semis

Majestic Bayern Munich destroyed Porto 6-1 to charge into the Champions League semi-finals 7-4 on aggregate on Tuesday and remain on track for a treble in Pep Guardiola's 100th competitive game in charge.  Story | Bayern dreaming of treble after 'amazing' victory 

A man is silhouetted against a video screen with the Blackberry logo as he pose with a Blackberry Q10 in this photo illustration taken in the central Bosnian town of Zenica, September 21, 2013.  REUTERS/Dado Ruvic/Files

BlackBerry introduces new security service

BlackBerry Ltd said on Tuesday it is launching a new certificate service that will help bring the security level it offers on smartphones to a slew of devices from cars to smart meters.  Full Article 

Latest Headlines

Views and Expert Opinion with Sankalp Phartiyal
    Souvenir plates bearing the images of China’s President Xi Jinping and China’s late Chairman Mao Zedong. REUTERS/Kim Kyung-Hoon

    Why China’s President Xi Jinping isn’t Mao 2.0

    For the past two years Western media characterized Xi Jinping as either an authoritarian or a neo-authoritarian. Recently, the New Yorker described him as “China’s most authoritarian leader since Mao.” A Newsweek contributor opined, “Xi is leading China away from democracy.” But they’re wrong, writes Andrew Hammond.  Commentary 

    Next Deepwater Horizon-scale oil spill could be caused by cyber attack

    Next Deepwater Horizon-scale oil spill could be caused by cyber attack

    April 20th marks the fifth anniversary of the landmark Deepwater Horizon disaster that saw millions of gallons of crude oil leak into the Gulf of Mexico. Yet despite the cost to its reputation, BP had leased the Deepwater Horizon oil drilling rig, is emerging more strongly than some anticipated in the wake of the spill.  Read 

    Cinema

    Radhika Apte

    A Minute With: Radhika Apte

    Radhika Apte came under the spotlight after playing a protective wife in “Badlapur” and a city girl in “Hunterrr”. She speaks to Reuters about her films, Ekta Kapoor, and why she doesn’t mind vegetating without work once in a while.   Full Article 

    Una Galani

    Tax shockers ramp up India investor risk premium

    India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.  Full Article 

    Richard Beales

    Bloomberg outage highlights another bank weakness

    Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.  Full Article