RBI says 'watchful' of banks' bad loans levels

MUMBAI - Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), but added the central bank would remain "watchful."

China stocks edge down as intervention brings some stability 9:36am IST

SHANGHAI - Chinese shares fell for a fourth consecutive day on Wednesday, but the declines were modest as Beijing's efforts to prop up values appeared to have brought a measure of stability to its unruly stock market.

A student holds a portrait of former President A. P. J. Abdul Kalam during a candle light march in Mumbai, India, July 28, 2015. REUTERS/Danish Siddiqui
People's President

Kalam saw India as a superpower: Modi

Prime Minister Narendra Modi has praised former President Abdul Kalam, who died on Monday, remembering the example set by the childhood newspaper vendor who rose to prominence as driver of India’s nuclear weapon and missile programme before becoming president in 2002.  Full Article | Slideshow: Farewell Kalam 

An IndiGo Airlines Airbus A320 aircraft is pictured parked at a gate at Mumbai's Chhatrapathi Shivaji International Airport February 3, 2013.REUTERS/Vivek Prakash/files

Qatar Airways says in talks with IndiGo

Qatar Airways said on Tuesday it was in talks with IndiGo about taking a stake in India's biggest airline that would expand the Gulf carrier's foothold in one of the world’s fastest growing aviation markets. Qatar is catching up with rivals Emirates and Etihad, which owns a stake in Jet Airways, in terms of frequency of services to the country.  Read 

Security personnel stand at a police station after a gunfight in Dinanagar town, in Gurdaspur district of Punjab, India, July 27, 2015. REUTERS/Mukesh Gupta
Gurdaspur Attack

Punjab gunmen were Muslim - police

Three gunmen who fought a 12-hour battle on Monday near the Pakistan border were Muslim, the Punjab police chief said, contradicting speculation that the attack may have been carried out by Sikh separatists. The attack bore the hallmarks of similar attacks in the neighbouring region of Jammu, which has seen more frequent operations by gunmen hitting security posts in recent years.  Read 

A portrait of the Twitter logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer

Twitter shares fall as monthly user growth slows

Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.  Full Article | 'Twitter CEO Dorsey's criticism of company refreshing' 

A lawyer speaks on his mobile phone as he walks past the Supreme Court in New Delhi April 1, 2013. REUTERS/Adnan Abidi/Files
1993 Bombay Blasts

Supreme Court puts off Yakub Memon decision

The Supreme Court has put off by a day a decision on whether to stay the execution of the only person sentenced to death for India's deadliest bomb attack, meaning the convict will learn his fate just hours before he is due to be hanged on Thursday. Yakub Memon was convicted as the "driving spirit" behind blasts in Mumbai in 1993, but his case has divided opinion in India.  Full Article 

Chile's Arturo Vidal, Bayern Munich's new signing, gives thumbs up as he tries out his new jersey at the Allianz Arena in Munich, Germany July 28, 2015. REUTERS/Michaela Rehle

Vidal completes $44 million move to Bayern

Chile midfielder Arturo Vidal has completed his transfer from Juventus to Bayern Munich by signing a four-year contract with the Bundesliga champions.  Full Article 

Director Jean-Marc Vallee poses at the Los Angeles premiere of the film "Wild" at the Academy of Motion Picture, Arts and Sciences in Beverly Hills, California November 19, 2014. REUTERS/Danny Moloshok/Files

'Demolition' to launch 40th Toronto film festival

The Toronto International Film Festival will kick off its 40th year with the world premiere of Canadian director Jean-Marc Vallee's "Demolition", starring Jake Gyllenhaal and Naomi Watts, organizers said on Tuesday.  Full Article | Video 

Latest Headlines

Views and Expert Opinion with Sankalp Phartiyal
    John Foley

    Market sirens lead China astray

    China’s pledges to prop up the stock market are unwise. It didn’t have to be this way. After the benchmark Shanghai Composite index fell 8.5 percent on July 27, the main stock regulator announced it would continue to support the market. Such twitchiness is astonishing. Dark talk of “malicious shorting” adds to the air of a government on the back foot.  Full Article 

    The Great Debate

    Donald Trump is a superhero – but not in a good way

    Donald Trump is a superhero – but not in a good way

    What Donald Trump offers is his detestation of the very mechanics of politics — and of democracy itself. He has no time for the negotiations, consensus building, civility and seriousness required in a democracy. The aptly named Trump is telling them that he will trump the entire political system. He’ll replace the mess of politics with a clean sweep of super heroics.  Commentary 

    John Lloyd

    The whining of the militants

    However vexing it may be to watch powerful figures use the blame game to justify their bad actions, the strategy is proving wildly successful. Every one of these strategies – that of the violent Islamists, the Russian president and the Greek prime minister – is popular with the target audience. “It’s not my fault – it’s them.” It’s the new/old slogan.  Opinion 

    Financial logic in $1.3 billion FT buy is paper thin

    Financial logic in $1.3 billion FT buy is paper thin

    Japanese media group Nikkei is taking a bold step with its purchase of the Financial Times. But the financial logic behind the $1.3 billion deal to buy the FT from Pearson, its current owner, is sketchy. Sure, Nikkei gets a bucketload of kudos. But it has shelled out 35 times adjusted operating income, about three times as much as the paper is really worth – if cold economics were the only consideration.  Read