An oil tanker is seen on Lake Maracaibo in Venezuela's western state of Zulia March 1, 2008. REUTERS/Jorge Silva/Files

Oil price to continue falling in 2015 - Reuters Poll

Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the global financial crisis.  Full Article 

Italy elects senior judge Sergio Mattarella as president 31 Jan 2015

ROME - Italian lawmakers elected Sergio Mattarella, a constitutional court judge and veteran centre-left politician, as president on Saturday, handing a welcome political victory to Prime Minister Matteo Renzi.

A man carrying a gas cylinder walks out of the research and development centre of Sun Pharmaceutical Industries Ltd in Mumbai May 29, 2014. REUTERS/Danish Siddiqui/Files
Pharma Sector

Sun Pharma wins approval to buy Ranbaxy

Sun Pharmaceutical Industries Ltd has won U.S. approval to buy Ranbaxy Laboratories Ltd on condition that it sell its interest in a generic antibacterial medicine, the U.S. Federal Trade Commission said on Friday. Sun Pharmaceutical said in April that it had agreed to buy the Indian generic drugmaker from its current owner, Japan's Daiichi Sankyo Co, for $3.2 billion.  Full Article 

A man carries an umbrella in the rain as he passes the New York Stock Exchange October 16, 2014. REUTERS/Brendan McDermid/Files
Wall St Weekahead

Energy stocks may see further weakness

U.S. energy sector stock shave been under pressure in 2015, and there could be more bad news to come when many players report their fourth-quarter results next week. The group has been falling alongside oil prices, which are down about 60 percent since June. That drop has led to not only weaker shares but also sharply lower earnings estimates for both the current quarter and the full year.  Article 

A worker unloads coal from a goods train at a railway yard in the northern Indian city of Chandigarh July 8, 2014.  REUTERS/Ajay Verma/Files
Disinvestment

Coal India share sale boosts privatisation drive

India has raised about $3.6 billion by selling a 10 percent stake in state-run Coal India Ltd in the largest ever equity deal in the local market, giving a welcome boost to the government's faltering divestment drive.  Full Article 

Members of the Kurdish security forces inspect the site of bomb attack in Kirkuk January 30, 2015. Islamic State militants struck at Kurdish forces southwest of the Iraqi city of Kirkuk on Friday morning, while bombs in Baghdad and Samarra killed at least 21 people, security and medical sources said. REUTERS/Ako Rasheed

Kurds retake oil facility in north Iraq

Kurdish peshmerga forces retook a crude oil station near the Iraqi city of Kirkuk which Islamic State insurgents seized earlier on Saturday, but the fate of 15 employees remained unclear.  Full Article 

The Sydney Harbour Bridge is reflected in one of several Cricket World Cup trophies as Australian cricket team captain Michael Clarke gathers with former Australian World Cup-winning captains during an event in Sydney November 6, 2014. REUTERS/Jason Reed/Files

Returning Michael Clarke denies Australia rifts

Australia captain Michael Clarke shrugged off speculation of rifts with Cricket Australia and his international team mates after making a successful comeback from injury in a club game on Saturday.  Article 

Movie Review: Hawaizaada

Movie Review: Hawaizaada

Vibhu Puri’s “Hawaizaada” is more a fairytale than a biopic; and for a period film, certainly doesn’t bother with authenticity. The film never manages to get off the ground, writes Shilpa Jamkhandikar.   Story 

Latest Headlines

Bowlers put pressure on team India, batting holds key in World Cup

Bowlers put pressure on team India, batting holds key in World Cup

The India cricket team’s opening batsman Shikhar Dhawan has spent more time in the dressing room than the crease lately. The extended poor form of the left-hander, who saw a dream run with his batting back in 2013, is one of the major concerns as India embarks on a journey to defend their cricket world cup title.  Full Article 

D H Pai Panandiker

Why the RBI’s 25 bps rate cut was too little

The 25 bps reduction is not a motivating force and will not revive industrial growth. What is relevant, however, is the change in the RBI’s thinking. If inflation weakens further, more rate cuts will follow. Had the January rate cut been significant, it would have revived India’s stagnant industries. Therefore, the RBI should cut the repo rate by at least 50 bps on Feb.3.  Full Article 

Girish Vanvari

Budget 2015: How reforms can help Modi’s “Make in India” campaign

The government’s “Make in India” initiative is being closely followed by Indian companies and foreign investors. A lot of hope rests on the BJP government’s first full-year budget following its victory in last year’s general election as the announcements made by Finance Minister Arun Jaitley will impact the investment cycle.  Full Article 

Life

David Lalmalsawma

India's lone male tenor aims to sing opera in local key

When Anando Mukerjee tells people in India that he's an opera singer, they are intrigued - and impressed. Mukerjee wants to change that. As India's only male tenor performing on the global stage, Mukerjee has made it his mission to demystify opera through live shows, social media and by adapting opera to an Indian context.  Full Article 

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