A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of Ahmedabad March 2, 2012. REUTERS/Amit Dave/Files

India plans new rules to push ONGC stake sale

India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company.  Full Article 

Infosys founder to head India panel on startup funding platform 22 May 2015

MUMBAI - The Securities and Exchange Board of India (SEBI) has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website.

Supporters of J. Jayalalithaa hold her posters as they sit on a fast during a protest against the court verdict in Chennai September 28, 2014. REUTERS/Babu/Files
Tamil Nadu's "Amma"

Jayalalithaa to return as chief minister

One of India's most powerful politicians, Jayalalithaa Jayaram, is set to return as chief minister of Tamil Nadu following a nine-month break, after a court overturned her conviction in a corruption case. "Tamil Nadu, which was suffering without its mother, is now getting her back," said V.P. Kalairajan, a state legislator from her party. Jayalalithaa is expected to be sworn in as CM as early as Saturday.  Full Article 

A Pakistani cricket fan holds up a placard during the Twenty20 Cricket match between Pakistan and Zimbabwe in Lahore, Pakistan, May 22, 2015. REUTERS/Mohsin Raza

Pakistan beat Zimbabwe for emotional victory

Pakistan marked international cricket's return to the trouble-torn country with a five-wicket victory over Zimbabwe in the first Twenty20 International at Lahore's Gaddafi Stadium on Friday.  Full Article 

Handout photo from the movie "Tanu Weds Manu Returns"

Movie Review: "Tanu Weds Manu Returns"

With both “Tanu Weds Manu” and its sequel, director A L Rai starts with a great idea, some sparkling dialogue and interesting characters. But what you get in “Tanu Weds Manu Returns” is the cinematic equivalent of a car wreck. The film falls flat because Rai does not take it to its logical ending, writes Shilpa Jamkhandikar.  Full Article 

The Blackberry sign is pictured in Waterloo June 19, 2014. REUTERS/Mark Blinch/Files

BlackBerry cuts jobs worldwide

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.  Full Article 

American dollar notes are displayed in this photo illustration in Johannesburg August 13, 2014. REUTERS/Siphiwe Sibeko/Files
Global Markets

Fed on track to hike rates - Yellen

Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.  Full Article 

Kalay Ghale works to rebuild his brother's house after an earthquake at Barpak village in Gorkha district May 20, 2015. REUTERS/Navesh Chitrakar
Nepal Earthquake

Nepalis return to quake epicentre to rebuild

About half a million homes were destroyed in Nepal by the April 25 quake and a series of aftershocks. The government has estimated reconstruction costs of $7 billion, a third of the country's GDP.  Read 

Afghan militias and policemen gather as they discuss during a battle at the Chardara district of Kunduz province, May 3, 2015. REUTERS/Stringer
Afghanistan

Army falls back on militias to defend Kunduz

The Afghan government has enlisted hundreds of militia fighters to battle Taliban militants near the northern city of Kunduz, officials said, underlining how the armed forces are struggling to tackle the insurgency alone. The Taliban's weeks-long siege of Kunduz has involved thousands of militants and brought the insurgents closer to capturing a major city than at any time in years.  Full Article 

Worshippers sit amidst scattered debris after a suicide bomb attack at the Imam Ali Mosque in the village of al-Qadeeh in the eastern province of Gatif, Saudi Arabia, May 22, 2015. REUTERS/Stringer
The Islamic State

Suicide bomber kills 21 at Saudi Shi'ite mosque

A suicide bomber killed 21 worshippers in a packed Shi'ite mosque in eastern Saudi Arabia, residents and the health minister said, the first attack in the kingdom to be claimed by Islamic State militants.  Read 

Rafael Nadal of Spain and his coach Toni Nadal (R) attend a training session for the French Open tennis tournament at the Roland Garros stadium in Paris, France, May 22, 2015.  REUTERS/Vincent Kessler
French Open

Monster draw for Nadal in Paris, Djokovic looms

Rafa Nadal could face world number one Novak Djokovic in the quarter-finals of the French Open after Friday's draw handed him the toughest of routes to a possible 10th title.  Full Article 

Latest Headlines

Sajan Pillai

How India can support its start-ups

There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation.  Full Article 

Fizan Abdullah

Surgery so simple a gardener can do it – but he probably shouldn’t

A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions.  Read 

Edward Hadas

The uses and abuses of Gross Domestic Product

Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution.  Full Article 

Elizabeth A. Cobbs

Why the U.S. officially ‘believes’ Pakistan’s bin Laden story

Throughout its “war on terrorism,” the United States has had to rely on Pakistan. Though Washington may occasionally have believed its trust was abused, the Pentagon’s need for overflight rights or landing bases, crucial for U.S. troops in Afghanistan and throughout the Middle East, trumped diplomatic niceties.  Commentary 

One Year In Office

Modi faces dissent over spending shakeup

Modi faces dissent over spending shakeup

As PM Narendra Modi completes one year in office, his cuts in welfare spending on the poorest of India's 1.25 billion people are coming in for sharp criticism, including from within his cabinet.  Full Article 

David Lalmalsawma

Book Talk: Mizoram’s pain yet to heal 29 years after peace accord

Author Malsawmi Jacob was in high school when the independence movement in the future state of Mizoram began in 1966. Jacob, perhaps the only Mizo author to have published a novel in English, spoke about why she decided to write about the “ram buai” (disturbance in the land), and why she thinks the decision of the Mizo rebels to take up arms was a mistake.  Full Article 

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