An employee arranges currency notes at a cash counter inside a bank in New Delhi June 8, 2010. REUTERS/Mukesh Gupta/Files

Govt plans to cut stake in state banks, raise $14.4 bln

The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher.  Full Article 

April-October fiscal deficit nears 90 pct of full-year target 2:28pm IST

NEW DELHI - India's fiscal deficit was 4.76 trillion rupees ($76.77 billion) during April-October, or 89.6 percent of the full-year target, government data showed on Friday.

Labourers rest as a boy playfully shovels coal at a yard in Ahmedabad November 20, 2014. REUTERS/Amit Dave/Files

Govt sees $15.6 billion hit on state lenders

A Supreme Court order scrapping most coal extraction permits given to companies would have a likely impact of 964.84 billion rupees on state-run lenders, the junior finance minister told parliament on Friday. The government had deduced the impact of the cancellation of the so-called coal block allotments on banks due to likely stoppage of power production, Jayant Sinha said.  Full Article 

The body of a man who succumbed to his injuries at a hospital in Jammu is shifted to a morgue after he was injured during a gun battle between suspected militants and Indian security forces in Arnia, near the border with Pakistan November 27, 2014. REUTERS/Mukesh Gupta
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Gunmen in army uniforms kill ten in Kashmir

Gunmen wearing army uniforms attacked an Indian army base near the border with Pakistan, leaving ten people dead in the worst militant violence in more than a year. Three soldiers and three civilians were shot dead, said Jammu and Kashmir CM Omar Abdullah.  Full Article 

Workers wearing radiation protective gear stand outside of the No. 4 reactor building at TEPCO's tsunami-crippled Fukushima Daiichi nuclear power plant in Fukushima prefecture, November 12, 2014. REUTERS/Shizuo Kambayashi/Pool

Fukushima workers in murky contracts - Tepco

The number of workers at Japan's Fukushima nuclear plant on false contracts has increased in the last year, the station operator said, highlighting murky labour conditions at the site despite a pledge to improve the work environment.  Full Article 

Handout photo of Forever21 store in Bangalore.

Forever21 sets sights on Indian cities

Reuters spoke to Timmy Sarna, managing director of DLF Brands, which runs the operations of “fast-fashion” clothing store Forever21 in India. Sarna discussed the recent opening of Forever21’s first store in Bangalore, why store shopping beats online shopping for now, and the company’s expansion plans for Hyderabad, Pune and other cities.  Interview 

A sign of tribute to Australian cricketer Phillip Hughes can be seen outside the Sydney Cricket Ground (SCG) November 28, 2014. REUTERS/David Gray

Australia says too early for India test decision

Emotions were still too raw in the wake of the death of Phillip Hughes to make a decision on whether to go ahead with next week's test against India, Cricket Australia chief executive said.  Full Article 

People holding mobile phones are silhouetted against a backdrop projected with the Twitter logo in this illustration picture taken in  Warsaw September 27, 2013. REUTERS/Kacper Pempel/Files

Twitter to start tracking users' mobile apps

Twitter Inc will begin tracking what third-party apps are installed on users' mobile devices so the social media company can deliver more tailored content, including ads, the company said.  Full Article 

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News, Views and Expert Opinion with Ankush Arora

    Photo Gallery

    Bengali household name Jamini Roy’s paintings

    Bengali household name Jamini Roy’s paintings

    In his quest for an Indian identity, painter Jamini Roy rebelled against the British academic training and took to the local, folk idiom. Broad brush strokes, simple forms, stretched eyes, decorative borders and use of flat colours are the dominant motifs in an exhibition of the artist’s works being displayed in Delhi.  Full Article 

    India Insight

    Nandita Das

    A Minute With: Nandita Das

    Nandita Das might be one of the few Indian actors known outside of India, but she isn’t sure that she wants to be identified as an actor. Das has myriad interests besides acting and directing, the latest of which is CinePlay, a new venture started by her husband. In a telephone interview from the United States, Das spoke about CinePlay and why she isn’t doing too many films.  Read interview 

    Peniel Joseph

    Barack Obama and Ferguson: The cost of being the reluctant black president

    The Age of Obama, once heralded as the dawn of a new “post-racial” America, has proven to be far more complex than his supporters and critics could have imagined just six years ago. Ferguson has exposed racial and class divisions in the nation that Obama’s soaring rhetoric gracefully elided during his 2008 presidential campaign.  Commentary 

    Cracked land is seen at Guarapiranga reservoir, during a drought in Sao Paulo November 21, 2014. REUTERS/Paulo Whitaker

    Brazil’s epic water crisis a global wake-up call

    One of the world’s biggest cities is running out of water. Sao Paulo, a city of 20 million people, could run dry within weeks. The humanitarian and economic cost would be immense. The fiasco should be a global wake-up call for other metropolises. The immediate cause of the crisis is a year-long drought.  Full Article 

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