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Daiichi's exit from Sun Pharma hits rupee, stocks

MUMBAI - The rupee fell to a three-and-a-half month low on Tuesday and stocks sank to their lowest in nearly four weeks on concerns about foreign outflows after Japan's Daiichi Sankyo's $3.6 billion share sale in Sun Pharmaceutical Industries .

Upbeat earnings lift world stocks, Greek anxiety hits euro 2:11pm IST

LONDON - World stocks climbed back towards all-time highs on Tuesday as upbeat European earnings reports and expectations of a sixth straight rise in German business confidence helped offset worries about a possible Greek default.

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. REUTERS/Mansi Thapliyal/Files

HCL Tech net profit up 3.6 pct, lags estimates

HCL Technologies Ltd, India's fourth-largest software services exporter by revenue, reported a 3.6 percent rise in quarterly net profit on Tuesday, lagging street estimates as margins dropped due to currency volatility.  Full Article 

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files
Forex

RBI's rupee management dents hedging push

The Reserve Bank of India's intervention to temper the rupee's rise is inflating foreign exchange hedging costs, impeding its own efforts to bolster Corporate India's defences against potential currency turbulence. The rush of foreign money coming into Asia's third-biggest economy is putting the central bank in a tight spot, forcing it to buy dollars in the spot market and sell them in the forward market.  Read 

Former Egyptian President Mohamed Mursi sits behind bars with other Muslim Brotherhood members at a court in the outskirts of Cairo, December 29, 2014. REUTERS/Asmaa Waguih/Files

Egypt's ex-president gets 20 years in prison

An Egyptian court sentenced ousted President Mohamed Mursi to 20 years in prison without parole on Tuesday for the killing of protesters in December 2012, in a decision broadcast on state television.  Article 

A man hangs decorations on a pole next to a banner showing Pakistan's President Mamnoon Hussain (L), China's President Xi Jinping (C) and Pakistan's Prime Minister Nawaz Sharif, ahead of Xi's visit to Islamabad April 19, 2015. REUTERS/Faisal Mahmood
Pakistan

Xi hails Pakistan security help in west China

Chinese President Xi Jinping praised Pakistan on Tuesday for its contribution to security in China's restive far west where a Muslim minority chaffs against Beijing's rule, while Pakistan promised to step up cooperation in tackling terrorism.  Full Article 

Australian freelance photojournalist Daniel Berehulak poses for a portrait in Grand Central Terminal in Midtown, New York on April 20, 2015. REUTERS/Adrees Latif
Journalism

NYT wins Pulitzer prizes for Ebola coverage

The New York Times won two Pulitzer prizes on Monday for coverage of the Ebola outbreak in West Africa, described by the Pulitzer board as courageous and vivid journalism that engaged the public and held authorities accountable. The Pulitzer for Public Service, announced at Columbia University, went to Charleston, South Carolina's Post and Courier for its series on domestic violence.  Full Article 

Babies crawl around on the track before the "Diaper Derby" event in New York August 1, 2014. REUTERS/Carlo Allegri/Files

MRI study says babies feel pain "like adults"

The brains of babies "light up" in a similar way to adults when exposed to the same painful stimulus, suggesting they feel pain much like adults do, researchers said on Tuesday.  Full Article 

Bobbi Kristina Brown, daughter of the late singer Whitney Houston, poses at the premiere of 'Sparkle' in Hollywood, California August 16, 2012. REUTERS/Fred Prouser/Files

Prognosis unclear for Bobbi Kristina's health

Bobbi Kristina Brown is expected to live a long life, but her prognosis remains unclear, an attorney for her father said on Monday, months after being found unresponsive in her bathtub.  Full Article 

Latest Headlines

Views and Expert Opinion with Sankalp Phartiyal
    Souvenir plates bearing the images of China’s President Xi Jinping and China’s late Chairman Mao Zedong. REUTERS/Kim Kyung-Hoon

    Why China’s President Xi Jinping isn’t Mao 2.0

    For the past two years Western media characterized Xi Jinping as either an authoritarian or a neo-authoritarian. Recently, the New Yorker described him as “China’s most authoritarian leader since Mao.” A Newsweek contributor opined, “Xi is leading China away from democracy.” But they’re wrong, writes Andrew Hammond.  Commentary 

    Next Deepwater Horizon-scale oil spill could be caused by cyber attack

    Next Deepwater Horizon-scale oil spill could be caused by cyber attack

    April 20th marks the fifth anniversary of the landmark Deepwater Horizon disaster that saw millions of gallons of crude oil leak into the Gulf of Mexico. Yet despite the cost to its reputation, BP had leased the Deepwater Horizon oil drilling rig, is emerging more strongly than some anticipated in the wake of the spill.  Read 

    Cinema

    Radhika Apte

    A Minute With: Radhika Apte

    Radhika Apte came under the spotlight after playing a protective wife in “Badlapur” and a city girl in “Hunterrr”. She speaks to Reuters about her films, Ekta Kapoor, and why she doesn’t mind vegetating without work once in a while.   Full Article 

    Una Galani

    Tax shockers ramp up India investor risk premium

    India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.  Full Article 

    Richard Beales

    Bloomberg outage highlights another bank weakness

    Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.  Full Article 

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