Rajaratnam's brother loses bid to dismiss insider trading charges 3:35am IST

NEW YORK - Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year.

A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar January 17, 2014. REUTERS/Amit Dave/Files

Reliance Q4 sales rise, refining margin narrows

Energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the quarter to end-March, compared with analysts' expectations of 56.62 billion rupees.  Full Article 

An armed man, who is wearing black and orange ribbons of St. George - a symbol widely associated with pro-Russian protests in Ukraine, stands guard in front of barricades outside the mayor's office in Slaviansk April 18, 2014. REUTERS/Gleb Garanich

Ukraine separatists reject deal to disarm

Armed pro-Russian separatists in eastern Ukraine said on Friday they were not bound by an international deal ordering them to disarm and would not move out of public buildings they have seized until the Kiev government stepped down.  Full Article 

Movie Review: 2 States

Movie Review: 2 States

Abhishek Varman’s “2 States”, based on a Chetan Bhagat novel of the same name, is a good example of a movie subject that would appeal to a new, younger Indian audience. However, it ends up being a rather dull and outdated commentary on the misconceptions Indians have about each other, writes Shilpa Jamkhandikar.  Full Article 

A family member of missing passengers who were on the South Korean ferry "Sewol" hich sank in the sea off Jindo looks forward to see at a port where family members of missing passengers gathered in Jindo April 18, 2014. REUTERS/Issei Kato

School official in ferry disaster commits suicide

The vice principal of a South Korean high school who accompanied hundreds of his pupils on what turned out to be a disastrous ferry trip has committed suicide, police said on Friday, as hopes faded of finding any of the 268 missing passengers alive.  Full Article 

Melquin Merchan paints a portrait of Colombian author Gabriel Garcia Marquez in front of a museum converted from the house Garcia Marquez grew up in, at Aracataca April 18, 2014. REUTERS/John Vizcaino
Gabriel Garcia Marquez Dead

Mourning, memories in Marquez's hometown

The sleepy Colombian town that was Gabriel Garcia Marquez's birthplace and inspired him to write "One Hundred Years of Solitude" mourned its Nobel Prize-winning author with music, candles and flowers.  Full Article | Factbox: The life of Gabriel Garcia  

Rafael Nadal of Spain leaves the central court after being defeated by his compatriot  David Ferrer during their quarter-final match at the Monte Carlo Masters in Monaco April 18, 2014. REUTERS/Eric Gaillard

Nadal claycourt winning run ended by Ferrer

Rafael Nadal's 30-match claycourt winning streak ended on Friday when the world number one was stunned 7-6(1) 6-4 by fellow Spaniard David Ferrer who executed a perfect gameplan to reach the Monte Carlo Masters semi-finals.  Full Article | Related Story 

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Science

Shashank Chouhan

Promises and more promises: India’s parties pitch their visions

Campaign season in India means it’s also promise season, and political parties aren’t short on pledges. There has been plenty of coverage of the manifestos from the biggest national parties, Congress and the BJP, so here are some highlights from the others.  Full Article 

Deepak Yohannan

Third party premium for motor insurance increased

The premium for third party insurance is set by the insurance regulator. The problem is that companies know the portfolio will be bleed and hence, avoid taking risks as much as possible. There is also a lack of awareness, especially among owners of two-wheelers, who end up not insuring their vehicle every year.  Full Article 

Diageo throws money at Indian empire-building

Diageo throws money at Indian empire-building

Diageo is engaging in some expensive empire-building in India. An under-powered tender offer meant an earlier attempt to take control of Vijay Mallya’s United Spirits was only partially successful. Now the world’s biggest spirits maker has more than doubled the price it is willing to pay, offering $1.9 billion to raise its stake to 54.8 percent from 28.8 percent.  Commentary 

Paul Donovan

The Reform Club

In one sense, the fact that ambitious global reforms are likely to be more modest in reality is to be welcomed. The most successful reforms tend to be those reforms that are undertaken against a backdrop of economic growth elsewhere in the world. If three-quarters of the world were to try and reform all at once, there would be no external growth left to ease the pain of adjustment, writes Paul Donovan.   Full Article 

Neal Gabler

America: The anecdotal nation

Americans seem to have a greater fondness for anecdotes than citizens of any other nation. Newscasts have human-interest segments; no recent State of the Union address is complete without the president pointing up to the gallery and telling stories of his guests there. Though many anecdotes are harmless, they can be worrisome when it comes to public policy.  Commentary 

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