MUMBAI - Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.
NEW DELHI/MUMBAI - Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop.
A British soldier was hacked to death by two men shouting Islamic slogans in a south London street on Wednesday, in what the government said appeared to be a terrorist attack. Full Article
India is set to join the small but growing club of nations whose governments issue inflation-indexed debt. But evidence from the United States suggests that offering these securities in small quantities - as India currently intends to - can become an expensive fiscal hobby. A bolder commitment could reduce borrowing costs. That's the direction in which New Delhi needs to go. Full Article
China and India may be planning to improve the quality of coal they are burning, but it's unlikely any changes will have much effect on the level of imports for the foreseeable future. In India, specialist monitors are being called in to try and improve the quality of domestic coal being delivered to power stations. Poor quality domestic coal forces Indian utilities to import at higher prices. Full Article
S&P is not without patience. It will watch India’s progress for another year before it makes the next assessment, although it is already negatively charged. That is what has led it to conclude that the chances of India’s sovereign rating being downgraded are one in three. The agency should also recognize that there are improvements which signal a better future. Column
Angelina Jolie has taken the narrative back into a serious direction with one breathtaking article — reminding other women that they, too, have choices. Medical ones, but others as well. It’s a great, vital message — larger maybe than Jolie herself even expected. Commentary
Europe’s economic turmoil is dragging the world economy down. Despite this destructive display of unnecessary masochism, many Americans still demand that the U.S. sequester be allowed to continue slashing at public spending. A glance across the Atlantic offers a chilling insight into what would happen in the U.S. if the fiscal hawks get their way and start imposing European-style austerity. Commentary
The Delhi gang rape and ensuing protests opened up a Pandora’s Box of crimes against women in India. And families have stepped up measures to protect their daughters by curtailing their movements and restricting their access to opportunities. This includes preventing them from going to school or moving out to a college far from home, and stopping them wearing western clothes like jeans. Opinion
An ultra-violent thriller set in the Bangkok underworld of brothels and fight clubs came under attack at the Cannes film festival on Wednesday for its blood letting which Danish director Nicolas Winding Refn defended as art. Full Article | Best of Cannes