A worker uses a loader to assemble the coal at a yard in Ahmedabad November 20, 2014. REUTERS/Amit Dave/Files

Strong demand for Coal India boosts divestment bid

The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive.  Full Article 

India revises up 2013/14 GDP growth to 6.9 percent 5:46pm IST

NEW DELHI - India revised up its economic growth to 6.9 percent from 4.7 percent in the fiscal year to March 2014 on Friday after the government changed the formula to measure the economy, a move that will make it easier for the government to meet fiscal deficit goals.

BSE Sensex slumps over 1.5 percent

BSE Sensex slumps over 1.5 percent

The BSE Sensex and Nifty fell more than 1.5 percent after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.  Full Article 

Two men make phone calls while standing near a Reserve Bank of India (RBI) crest at the RBI headquarters in Mumbai January 29, 2013. REUTERS/Vivek Prakash/Files

RBI urges companies to hedge FX exposure

The RBI is making extra efforts to spur the country's corporates to more actively hedge their foreign exchange exposure, in order to fortify the country's defences against any risk of currency turmoil. "Corporates are not hedging enough," said a senior policy maker aware of the central bank's thinking.  Full Article 

A passenger stands outside the SpiceJet Airlines ticket counter at the domestic airport on the outskirts of Agartala, November 26, 2012. REUTERS/Jayanta Dey/Files
Aviation

SpiceJet board approves share sale plan

Troubled carrier SpiceJet said its board has approved selling shares worth up to 15 billion rupees ($242.6 million) in the company, following a deal between its current majority owner and a co-founder leading a rescue plan. SpiceJet has been struggling to pay its bills due to a cash crunch and had briefly grounded planes in December.  Full Article 

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013. REUTERS/Danish Siddiqui/Files
Monetary Policy

RBI seen holding rates steady - Reuters Poll

The RBI, having cut interest rates on Jan 15, may keep them steady at a policy review next week, according to economists in a Reuters poll who said future moves may depend on the annual budget. RBI Governor Raghuram Rajan signalled after a rate cut earlier this month that any further easing would depend on New Delhi's commitment to cut spending and implement reforms.  Full Article 

A visitor looks at an exhibit titled "The Threshold into a Dream" by Indian artist T.V. Santhosh at the India Art Fair in New Delhi January 29, 2015. REUTERS/Anindito Mukherjee
India Art Fair

Art fair turns India's capital into art hub

India's biggest art fair opened in New Delhi this week with a focus on homegrown artists and exhibits inspired by contemporary themes such as the worst floods in the Kashmir region in more than a century. A smorgasbord of works by 1,100 artists lured art lovers, gallerists and gawkers to a cavernous exhibition space in the capital, cementing the fair's reputation as one of South Asia's top cultural events.  Full Article 

Movie Review: Rahasya

Movie Review: Rahasya

“Rahasya” might be in the news for being loosely based on the Aarushi Talwar murder case, but the film is more of an ode to “Queen of Crime” Agatha Christie, writes Shilpa Jamkhandikar.  Full Article 

England's James Taylor swings for the ball during their One Day International (ODI) tri-series cricket match against India at the WACA ground in Perth, Western Australia January 30, 2015. REUTERS/Hamish Blair
Tri-Series in Australia

England reach final after victory over India

James Taylor revived England's wobbly chase to lead them to a three-wicket victory over India which secured a place in the tri-series final against Australia. Taylor (82) added 125 runs with Josh Buttler (67) for the sixth wicket to help England overcome a top-order collapse and chase a 201-run victory target with 19 balls to spare.  Article 

Latest Headlines

D H Pai Panandiker

Why the RBI’s 25 bps rate cut was too little

The 25 bps reduction is not a motivating force and will not revive industrial growth. What is relevant, however, is the change in the RBI’s thinking. If inflation weakens further, more rate cuts will follow. Had the January rate cut been significant, it would have revived India’s stagnant industries. Therefore, the RBI should cut the repo rate by at least 50 bps on Feb.3.  Full Article 

Amit Ganguly

Bowlers put pressure on team India, batting holds key in World Cup

The India cricket team’s opening batsman Shikhar Dhawan has spent more time in the dressing room than the crease lately. The extended poor form of the left-hander, who saw a dream run with his batting back in 2013, is one of the major concerns as India embarks on a journey to defend their cricket world cup title.  Full Article 

Girish Vanvari

Budget 2015: How reforms can help Modi’s “Make in India” campaign

The government’s “Make in India” initiative is being closely followed by Indian companies and foreign investors. A lot of hope rests on the BJP government’s first full-year budget following its victory in last year’s general election as the announcements made by Finance Minister Arun Jaitley will impact the investment cycle.  Full Article 

Life

David Lalmalsawma

India's lone male tenor aims to sing opera in local key

When Anando Mukerjee tells people in India that he's an opera singer, they are intrigued - and impressed. Mukerjee wants to change that. As India's only male tenor performing on the global stage, Mukerjee has made it his mission to demystify opera through live shows, social media and by adapting opera to an Indian context.  Full Article 

Australian Open

Novak Djokovic (L) of Serbia watches as Stan Wawrinka of Switzerland walks off the court after their men's singles semi-final match at the Australian Open 2015 tennis tournament in Melbourne January 30, 2015. REUTERS/Issei Kato

Djokovic beats Wawrinka, to face Murray

Novak Djokovic once again stood tall at the Australian Open as he reached his fourth final in the past five years with another five-set victory over Stan Wawrinka, the man who dumped him out of Melbourne Park last year.  Full Article 

FOLLOW US