SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand.
MUMBAI/NEW DELHI - Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina.
Two microscope slides bearing the blood of Mahatma Gandhi are to go on sale in London on Tuesday and are expected to fetch from 10,000 pounds to 15,000 pounds. The slides were obtained in 1924 when the father of the Indian independence movement was recovering from an appendectomy near Mumbai. Full Article
"Handshake across the Himalayas"
India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
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
Cannes Film Festival
Snapshots of Indian presence at the 66th Cannes Film Festival. Take a look at Aishwarya Rai Bachchan, Sonam Kapoor, Amitabh Bachchan, Vidya Balan and others at the famed red carpet. Slideshow