Sensex surges past 27,000 to third consecutive life high

MUMBAI - The BSE Sensex on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as blue-chips such as HDFC Bank gained after recent data raised hopes about the economy.

Mumbai hit by big power cuts after technical glitch at Tata Power unit 5:08pm IST

MUMBAI - Power cuts hit large areas of Indian financial capital Mumbai on Tuesday following a technical glitch at an electricity generation unit, but back-up generators at banks and brokerages ensured that financial business was largely unaffected.

A saleswoman arranges a gold necklace inside a jewellery showroom in  Kochi April 16, 2013. REUTERS/Sivaram V/Files

Gold imports to rise on festive demand

Indian gold imports and premiums are likely to surge during the rest of the year as buying picks up for the wedding and festival season, the head of the country's biggest gold refiner said on Tuesday. Premiums could jump to $10-$12 an ounce over the global benchmark from the current levels of $4-$5, said MMTC-PAMP Managing Director Rajesh Khosla.  Full Article 

Prime Minister Narendra Modi gestures after giving a speech at his lecture meeting hosted by Nikkei Inc. and Japan External Trade Organization (JETRO) in Tokyo September 2, 2014.  REUTERS/Toru Hanai
100 days of Modi

Good for business, not so good for the poor

In his first 100 days, Prime Minister Narendra Modi has protected the food security of millions of Indians on the global arena, but early trends suggest his government's pro-business policy will hurt the environment and the poor. In "100 days review of NDA government" – a report released on Tuesday, civil society groups delivered a mixed verdict on Modi's coalition NDA government.  Full Article 

An anti-government protester walks past tents of her follow protesters as they camp at the premises of the parliament house during the Revolution March in Islamabad September 2, 2014. REUTERS/Zohra Bensemra

Pakistan crisis deepens, parliament backs PM

Pakistan's parliament threw its weight behind embattled Prime Minister Nawaz Sharif on Tuesday as a deepening crisis over violent protests demanding his resignation prompted fears of an army intervention.  Full Article 

Ukrainian refugees walk from Ukraine into Russia at border crossing point Donetsk, in Russia's Rostov Region, August 19, 2014. REUTERS/Alexander Demianchuk

U.N. refugee agency fears mass displacement

The number of people displaced in Ukraine by fighting has nearly doubled in the past three weeks to at least 260,000 and more are fleeing amid fears of mass displacement, the United Nations refugee agency UNHCR said on Tuesday.  Full Article 

Australia's Glenn McGrath laughs during a team training session in Bridgetown April 27, 2007. REUTERS/Adnan Abidi/Files

McGrath to train young Indian pace bowlers

Former Australia paceman Glenn McGrath will help groom the next generation of Indian pace bowlers after the Chennai-based pace foundation he heads signed a five-year deal with the BCCI.  Read 

The Microsoft logo is seen at their offices in Bucharest March 20, 2013. REUTERS/Bogdan Cristel/Files

U.S. lobby says China antitrust probes unfair

Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker Qualcomm Inc .  Full Article 

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A worker repairs a vessel at a ship repair yard in Mumbai May 2, 2014. REUTERS/Danish Siddiqui/Files

Where the growth in Q1 came from

GDP growth of 5.7 percent in the April-June quarter was unexpected in view of the southward drift of India’s economy over the past two years. No wonder it pepped up the government at a time when the ruling coalition is listing its achievements after 100 days in office. The question is where this growth came from and whether it will be sustained in future.  Full Article 

Handout of “Historic Temples in Pakistan: A Call to Conscience”

Reema Abbasi and a glimpse of Pakistan’s Hindu past

“Historic Temples in Pakistan: A Call to Conscience” is a book-length attempt to record in pictures the history of an Islamic country’s Hindu past, especially as extremist activity mounts against Pakistan’s religious and ethnic minorities, including Ahmadis, Christians, Sikhs and Shia Muslims.  Full Article 

Nita Bhalla

The suicide letters that symbolise India’s misguided shame

Shame. It’s a word I often hear when speaking to women in India, where a combination of patriarchy, misogyny and extreme conservatism makes women feel ashamed of the crimes being committed against them. They are ashamed of being sexually harassed, ashamed for being molested and ashamed after suffering a beating.  Full Article 

Andy Mukherjee

Supreme Court order adds urgency to India’s coal crunch

The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go.  Full Article