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BSE Sensex falls around 100 points; Wipro plunges

Reuters Market Eye - The broader Nifty falls 0.44 percent, while the benchmark BSE Sensex is down 0.36 percent after both indexes hit record highs in the previous trading session.

Wipro falls as June-quarter profit lags estimates 9:35am IST

MUMBAI - Shares in Wipro Ltd India's third-biggest IT services exporter, plunged as much as 8.12 percent in early trading after the IT outsourcer's April-June quarter earnings missed estimates.

A vendor selling vegetables waits for customers at his stall at a market in Mumbai December 12, 2013. REUTERS/Danish Siddiqui/Files
Economy

Post-election enthusiasm lost on consumers

Software engineer Sanjay Bhatnagar used to watch a new Bollywood movie every week with his family, but now goes to the cinema once a month as spiralling costs eat into his budget for non-essentials. While Narendra Modi's election triumph and his promises of economic revival buoyed business confidence and financial markets, millions of consumers remain anxious about the future.  Full Article 

Palestinians who escaped what medics said was Israeli shelling that hit a U.N-run school sheltering Palestinian refugees, rest at a hospital in Jabaliya in the northern Gaza Strip July 24, 2014. REUTERS/Finbarr O'Reilly

Shelling of Gaza school kills 15; toll nears 800

Gazan authorities said Israel shelled a shelter at a U.N.-run school, killing at least 15 people, as the Palestinian death toll in the conflict reached 796 and attempts at a truce remained elusive.  Full Article 

Labourers plant saplings in a paddy field on the outskirts of Bhubaneswar July 19, 2014. REUTERS/Stringer

Monsoon revival keeps rain above average

India's parched rice, soybean, cotton growing areas will receive more rainfall next week as the monsoon is expected to continue its wet revival phase. Rains in the northwest India grain bowl as well as in soybean belts of western-central parts are expected speed up summer planting activities.  Full Article 

A Facebook application logo is pictured on a mobile phone in this photo illustration taken in Lavigny May 16, 2012. REUTERS/Valentin Flauraud/Files

Facebook goes express to mega-cap status

In the days after its infamously mishandled IPO, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T.  Full Article 

Photo of Markandey Katju from his Facebook page.

Ex-Supreme Court judge Katju stirs the pot

Comments by retired Supreme Court judge Markandey Katju had parliament in uproar. In a blog post published by the Times of India, the chairman of Press Council of India hinted at a connection between the government and judiciary in the elevation of an allegedly corrupt judge. This isn’t the first time that the man heading India’s print media oversight body has stirred the pot, writes Shashank Chouhan.  Blog 

Then China's Public Security Minister Zhou Yongkang reacts as he attends the Hebei delegation discussion sessions at the 17th National Congress of the Communist Party of China at the Great Hall of the People in Beijing in this October 16, 2007 file photo. REUTERS/Jason Lee/Files

Inside Xi Jinping's purge of China oil mandarins

Jiang Jiemin is the most senior executive to fall in an ongoing purge of current and former managers of China National Petroleum Corporation. He is accused of using his position and CNPC's massive budget to help Zhou Yongkang, another oil man, buy political favors and maintain his network of supporters across China, according to people with ties to the Chinese leadership.  Full Article 

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Views and Expert Opinion with Sankalp Phartiyal
    Danish Siddiqui

    Waiting to die in Varanasi

    The Ganges is sacred in Hinduism, and Varanasi, which lies on its banks, is one of the oldest and holiest sites for Hindu pilgrims from all over the world. Dying and having your ashes scattered here is a sacred thing for Hindus who believe that it brings “moksha,” or freedom for the soul from the constant cycle of death and rebirth. To attain this salvation, many travel to Varanasi to die  Full Article 

    The war in Gaza threatens Egypt too

    The war in Gaza threatens Egypt too

    Although many Egyptians view Hamas as an ally of the Muslim Brotherhood, most sympathize with the Palestinians. When they see the scale of casualties - for example, the death and destruction in the Shuja’iah neighborhood in Gaza - they overwhelmingly blame Israel. This is true even as their leaders express anger over Hamas’ refusal to accept ceasefire proposal.  Commentary 

    Nicholas Wapshott

    I’m Reagan! No, over here, I’m the real Reagan!

    Although Ronald Reagan's record in raising taxes and adding to the deficit would make him ineligible to become the nominee were he still alive, the contestants of 2016 U.S. presidential race are already comparing themselves with the only Republican president whose conservative credentials are made of the same material as earned him his nickname, the “Teflon president.”  Full Article 

    Kishan Singh Bisht, a jail warden in Tihar, maintains a register inside a restaurant run by the Tihar Jail authorities on Jail Road in west Delhi July 21, 2014. REUTERS/Anindito Mukherjee

    Restaurant run by Tihar convicts wins praise for politeness, hygiene

    As India's capital baked in a heat wave, banker Gaurav Gupta sat down for lunch at a new air-conditioned restaurant, to be greeted by a smiling waiter who took his order for a traditional "thali" meal of flatbread, lentils, vegetables and rice. Nothing unusual, except that the employee, like most of his colleagues, is a convicted murderer serving time in Tihar Jail.  Full Article 

    Keren Blankfeld

    Life — if you can call it that — under Israel’s Iron Dome

    I’ve become pretty great at rocket dodging. As a New Yorker living in Tel Aviv while researching a book, I never thought I’d say that. And yet it’s true: since Hamas began firing rockets into Tel Aviv on July 8, I’ve learned to move quickly. I’m witnessing just a sliver of what it’s like for Israelis trying their best to live a “normal” life in a kind of twilight zone where different rules apply.   Commentary 

    Jack Shafer

    Dear Mr. Murdoch: Save yourself 80 billion bucks

    Getting bigger for bigness’s sake makes sense for a sumo wrestler. But does that apply to a media conglomerate? There’s a panic element to the Murdoch offer, too. At the age of 83, how many more deals can he possibly consummate? Of course, that’s what they all said when Murdoch was 73, and had not yet bought the Wall Street Journal for $5 billion. But 83 is not the new 73.  Full Article 

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