India's 2014/15 GDP growth seen at around 5.5 percent

NEW DELHI - India's economy is expected to grow at around 5.5 percent in the fiscal year to March 2015, the finance ministry said in a report tabled in parliament on Friday.

Nifty up over 1 percent to trade above 50-day moving average 1:54pm IST

BSE Sensex up 1.23 percent, while the Nifty gains 1.18 percent. Nifty trading above 50-day moving average after breaking it on Monday.

An employee of SpiceJet Airlines speaks with a passenger at the ticket counter at an airport on the outskirts of Agartala December 17, 2014. REUTERS/Jayanta Dey

Ex-SpiceJet owner leading rescue plan: reports

A former part-owner of SpiceJet Ltd is leading a 12 billion rupees bailout plan to rescue the budget carrier from collapsing, two Indian newspapers reported on Friday.  Full Article 

Eight kids killed in Australia in mass stabbing

Eight kids killed in Australia in mass stabbing

Eight children have been killed and a woman injured, police said, during what several media outlets reported was a mass stabbing in Australia's tropical northern city of Cairns.  Full Article | Video 

Members of the civil society hold placards as they chant slogans condemning the attack on the Army Public School by Pakistan Taliban gunmen, during a rally in Lahore December 18, 2014. REUTERS/Mohsin Raza

U.S. unable to get Pakistan to confront militants

Since 2001 the United States has tried virtually every strategy available to persuade Pakistan's army to take the threat of militancy more seriously, but 12 years and $28 billion in aid later, all the American approaches are widely viewed as having failed.  Full Article 

A neon Google logo is seen as employees work at the new Google office in Toronto, November 13, 2012. REUTERS/Mark Blinch/Files

Google takes aim at cars with next Android

Google Inc is laying the groundwork for a version of Android OS that would be built directly into cars, sources said, allowing drivers to enjoy all the benefits of the Internet without even plugging in their smartphones.  Read | U.S. judge finds Google antitrust lawsuit vague 

A group of people protest in Miami, Florida December 18, 2014. REUTERS/Javier Galeano
U.S.-Cuba Relations

New challenge for Cuba as U.S. restores ties

With Washington agreeing to restore full diplomatic ties that were cut in the early 1960s, Cuba's communist government may not be able to blame its old Cold War nemesis readily.  Full Article 

Secret of year's "biggest" film is its plot

Secret of year's "biggest" film is its plot

It's the most anticipated Bollywood film of the year and no one knows what it's about. "PK" opens in Indian cinemas on Friday with audiences still in the dark about the film's storyline or why its naive and unworldly protagonist with pointy ears never blinks.  Full Article 

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Views and Expert Opinion with Sankalp Phartiyal
    A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

    SpiceJet rescue is no fix for India aviation woes

    SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

    The logo of car-sharing service app Uber on a smartphone.

    Uber’s law flouting could bring joyride to a halt

    Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

    Mohamad Bazzi

    Saudi Arabia is playing chicken with its oil

    Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary 

    Cyber Attack