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Coal import rush leads to port congestion

NEW DELHI/BHUBANESWAR - India's power and steel companies are importing shiploads of coal due to a severe shortage at home, leading to heavy congestion in one of the country's busiest ports that now has twice the number of vessels waiting than its available berths.

Global stocks fall on China slowdown concern; Brent ends below $97/bbl 3:26am IST

NEW YORK - Concern about a potential economic slowdown in China pressured world stock indexes on Monday and helped pushed Brent crude oil below $97 a barrel.

The ground is seen cracked up by a drought at a lagoon in Katharagama August 21, 2014. REUTERS/Dinuka Liyanawatte/Files
Environment

Climate change to trigger "megadroughts"

Climate change will unleash megadroughts in the coming decades worse than anything seen in the last 2,000 years, new research warns.  Full Article | Countries, cos mobilize around carbon pricing 

Prime Minister Narendra Modi gestures as he gives a speech in front of students at the University of the Sacred Heart in Tokyo September 2, 2014. REUTERS/Yuya Shino/Files

Modi to observe strict fast during trip to U.S.

PM Narendra Modi will observe a strict religious fast during his maiden trip to the United States, aides said on Monday, in a test both of the 64-year-old leader's stamina and of protocol in the Obama White House. "He will only consume lemonade with some honey and a cup of tea every day," a senior official in Modi's office in New Delhi told Reuters.  Full Article 

Indian security personnel stand guard inside the control station before the launch of India's Polar Satellite Launch Vehicle (PSLV-C25), carrying the Mars orbiter, at Satish Dhawan Space Centre in Sriharikota, about 100 km (62 miles) north of Chennai October 30, 2013. REUTERS/Stringer/Files
Space Exploration

India's Mars mission a step closer to success

Indian scientists successfully tested the main engine of a spacecraft bound for Mars on Monday and performed a course correction that puts the low-cost project on track to enter the red planet's orbit. The $74-million mission will attempt to enter orbit around Mars early on Wednesday. If successful, it will be the first time a mission has entered Mars' orbit on its first attempt.  Full Article | Graphic 

A worker holds a fuel nozzle at a petrol pump in Mumbai June 11, 2010. REUTERS/Danish Siddiqui/Files
Managing Deficit

Falling crude helps India control fiscal deficit

The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May. Lower crude prices mean less government outlay for India, which imports 80 percent of its oil needs - at a cost of $168 billion last year - and subsidizes oil products such as diesel and fertilizer.  Full Article 

Afghan president-elect Ashraf Ghani Ahmadzai waves as he participates an event in Kabul September 22, 2014. REUTERS/Omar Sobhani

Afghan president-elect promises unity

Afghanistan's president-elect promised to end political strife and corruption in a speech on Monday, his first since signing a power-sharing agreement with his rival.  Full Article | Related Story 

Militant Islamist fighters wave flags as they take part in a military parade along the streets of Syria's northern Raqqa province June 30, 2014. REUTERS/Stringer/Files
Islamic State Threat

IS urges attacks on U.S., French citizens

Islamic State urged its followers on Monday to attack citizens of the United States, France and other countries which have joined a coalition to destroy the militant group.  Full Article 

Latest Headlines

Fans rush to HMT as watchmaker marks time

Fans rush to HMT as watchmaker marks time

Retailers have reported a spike in sales of HMT watches after media reports said last week that the unprofitable unit of HMT Machine Tools Ltd was likely to wind down. Growing competition and the entry of foreign quartz watches and HMT’s failure to adapt to change led to falling sales, a slump from which the company never recovered.  Article 

Ankush Arora

Navtej Sarna on India’s Jerusalem connection

Indian diplomat Navtej Sarna‘s latest book pieces together the history of an Indian “hospice” in Jerusalem. Spread over seven thousand square metres near the Dome of the Rock, the property has its origins in a visit by Sufi saint Baba Farid about 800 years ago. Farid, a pioneer of the Punjabi literary tradition, supposedly meditated for 40 days in an underground chamber in Jerusalem.  Full Article 

Nita Bhalla

India’s greed for dowries lies at heart of many abuses against women

Despite being outlawed more than half a century ago, the custom of dowry continues unabated – promoting the view that girls and women are a liability and resulting in abuse, discrimination and murder. The mental and physical abuse some women face over dowry demands has driven them to suicide.  Full Article 

China has not one property problem

China has not one property problem, but many

China’s real estate market is big enough that it can have not one property problem but many. A Breakingviews ranking of the forty biggest cities, according to different kinds of risks, shows there are huge differences between local markets. It’s not much consolation, though. A conflagration of regional problems could be just as bad as one big national one.   Full Article 

Rape myths hide crimes. Just ask these children.

Rape myths hide crimes. Just ask these children.

"Hidden in Plain Sight" is an aptly titled new study by the United Nations International Children’s Fund. It shows that one in 10 girls and young women interviewed reported being sexually abused before age 20. “These are uncomfortable facts,” one UNICEF official said of the report, the largest study on global child abuse to date. “No government or parent will want to see them.”  Commentary 

Ebola Outbreak

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