MUMBAI - The BSE Sensex on Tuesday breached the psychologically key level of 27,000 points for the first time to hit its third consecutive record high as blue-chips such as HDFC Bank gained after recent data raises hopes about the economy.
MUMBAI - Large parts of Mumbai were hit by power cuts on Tuesday, due to technical issues at a Tata Power Company Ltd electricity generation unit.
Among the companies hoping for tax credits from the business-friendly BJP since its election victory in May is the Indian distributor of the Segway Personal Transporter. The company hopes that the government will recognise the battery-run two-wheeler as a green vehicle, a move that could spur sales of the expensive device in a country where many people today cannot afford it. Full Article
Pakistani PM Nawaz Sharif chaired a joint session of parliament on Tuesday as a deepening crisis over mass protests demanding his resignation prompted fears of an army intervention. By convening a joint session of parliament, Sharif seeks to reaffirm that he is fully in control of the situation. Full Article
Islamist fighters who seized dozens of Fijian soldiers serving as U.N. peacekeepers on the Golan Heights are demanding that their group be removed from a global terrorism list and that compensation be paid for members killed in fighting, the head of Fiji's army said. Full Article
GDP growth of 5.7 percent in the April-June quarter was unexpected in view of the southward drift of India’s economy over the past two years. No wonder it pepped up the government at a time when the ruling coalition is listing its achievements after 100 days in office. The question is where this growth came from and whether it will be sustained in future. Full Article
“Historic Temples in Pakistan: A Call to Conscience” is a book-length attempt to record in pictures the history of an Islamic country’s Hindu past, especially as extremist activity mounts against Pakistan’s religious and ethnic minorities, including Ahmadis, Christians, Sikhs and Shia Muslims. Full Article
Shame. It’s a word I often hear when speaking to women in India, where a combination of patriarchy, misogyny and extreme conservatism makes women feel ashamed of the crimes being committed against them. They are ashamed of being sexually harassed, ashamed for being molested and ashamed after suffering a beating. Full Article
The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go. Full Article
Singer Carrie Underwood and her pro hockey player husband Mike Fisher are expecting their first child, the couple announced on Twitter on Monday. Full Article