The NSE Nifty fell 3.4 percent on Thursday to the lowest since May 2014, its biggest daily fall in nearly six months as fears of a slowdown in the global economy hammered markets worldwide.
NEW DELHI/MUMBAI India's turbocharged growth figures have been criticised by many analysts for giving too flattering a view of Asia's third-largest economy. Closer scrutiny reveals another reason to worry: it's the wrong kind of growth.
In five years of civil war, 400,000 Syrians have been killed and another 70,000 have perished due to a lack of basics such as clean water and healthcare, the Guardian newspaper reported reported. Full Article
The World Health Organisation advised women on Wednesday on how to protect themselves from Zika, particularly if pregnant, but also reassured them that most women in areas affected by the mosquito-borne virus will give birth to "normal infants." Full Article
ONGC hopes to agree new cheaper drilling contracts for its western offshore fields, two sources involved in the matter said, in its biggest ever cost-saving drive in response to lower crude prices. The state-owned explorer wants to end existing expensive contracts for drilling rigs signed in the 2014-15 fiscal year. Story
Pressure is growing on the U.S. military to do more to help Afghan forces repel the threat posed by Taliban militants, and commanders in Washington and Kabul agree that enhanced air power may be where it can make the most difference. Full Article
India will link the interest paid to millions of small savers in a $137-billion central deposit scheme to market rates that will be revised every quarter, a top finance ministry official said on Thursday. Full Article
"Friends" star Matthew Perry swaps the television screen for the London stage in "The End of Longing", his playwriting debut about 4 people feeling the pressures of life as they reach their forties. Read
Sheikh Mohammed bin Zayed al-Nahyan (L), Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces, is on an official visit to India. More Pictures