A man holds an umbrella whilst cycling past residential buildings under construction in Kolkata August 31, 2012. REUTERS/Rupak De Chowdhuri/Files

Indian economy warms in after-glow of Modi's triumph

The after-glow of Narendra Modi's election victory nearly four months ago is expected to have helped India's lumbering economy register its fastest growth in more than two years for the quarter ending in June.  Full Article 

An employee works inside a laboratory at Piramal's Research Centre in Mumbai August 11, 2014. REUTERS/Danish Siddiqui/Files
Pharma

Drug makers willing to lose India "advantage"

Indian drugmakers are fleeing a regulatory morass at home and moving some research and development to Europe and the United States as they try to boost margins by producing high-value drugs. India's $15 billion a year pharma industry is already reeling from a string of drug recalls and quality control issues which have called into question the regulator's oversight.  Full Article 

Alessandro Del Piero of Italy smiles during a Sydney FC news conference in Sydney September 17, 2012. REUTERS/Tim Wimborne/Files
Indian Super League

Del Piero signs for Delhi in Indian Super league

Former Italy great Alessandro Del Piero will play for the Delhi franchise of the Indian Super League (ISL) and will also be the competition's brand ambassador, the ex-Juventus player has said. "I am happy to announce that I have just signed a contract that will tie me to the club Dynamos Delhi and the Indian Super League for the season that is about to begin," Del Piero said on his website.  Full Article 

Tahir ul-Qadri, Sufi cleric and leader of political party Pakistan Awami Tehreek (PAT), displays a document to supporters while speaking to them in front of the Parliament House building during the Revolution march in Islamabad August 28, 2014. REUTERS/Faisal Mahmood

Pakistan army steps in to resolve political crisis

Pakistan's army stepped into a political struggle between the country's embattled prime minister and the opposition, signalling a possible end to a crisis that has destabilised the coup-prone nation.  Read 

A broker monitors share prices while trading at a brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/Files

Tata Motors is the top Sensex gainer in August

The BSE Sensex jumped 2.9 percent in August, the seventh straight monthly gain for the index in 2014. The Nifty closed 3 percent higher, its fourth straight month of gains. The stock market hit multiple record highs in August, helped by foreign buying, easing of geopolitical tensions and optimism about the domestic economy’s revival.  Article 

Health workers wearing protective clothing prepare themselves before to carrying an abandoned dead body presenting with Ebola symptoms at Duwala market in Monrovia August 17, 2014. REUTERS/2Tango/Files

Gene studies show Ebola virus is mutating fast

Genetic studies of some of the earliest Ebola cases in Sierra Leone reveal more than 300 genetic changes in the virus as it leapt from person to person, changes that could blunt the effectiveness of diagnostic tests and experimental treatments now in development, researchers said on Thursday.  Full Article 

Novak Djokovic of Serbia hits a return  to Paul-Henri Mathieu of France during their match at the 2014 U.S. Open tennis tournament in New York, August 28, 2014. REUTERS/Mike Segar

Serena, Djokovic sail through U.S. Open winds

World number ones Novak Djokovic and Serena Williams sailed through brisk winds to dismiss overmatched opponents on Thursday and land comfortably in the third round of the U.S. Open.  Full Article 

Latest Headlines

Islamic State Threat

Robert Cyran

Snapchat’s valuation soars on tech-land pixie dust

Snapchat’s valuation is soaring on tech-land pixie dust. The disappearing-photo business has turned 100 million users, strong demand for chat services and the $20 million sale of a tiny equity stake into a $10 billion price tag. Trouble is, the company lacks revenue – and none is in sight. It’s a reminder that Silicon Valley dreams often trump real economics.  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 

McLaren Mercedes team members dump buckets of ice water onto Formula One driver Lewis Hamilton of Britain as he takes part in the "Ice Bucket Challenge" after the first practice session at the Belgian F1 Grand Prix in Spa-Francorchamps August 22, 2014. REUTERS/Stringer

Roche’s $8 billion bet outsmarts ice-bucket challenge

Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers.  Full Article 

Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of warship, INS Kolkata at a naval base in Mumbai August 16, 2014. REUTERS/Danish Siddiqui

Asia’s top-down corporate reforms vary in promise

Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies.  Full Article 

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