Sahara Group Chairman Subrata Roy gestures as he speaks during a news conference in Kolkata November 29, 2013. REUTERS/Rupak De Chowdhuri/Files

SEBI cancels Sahara asset management permit

The Securities and Exchange Board of India (SEBI) has ordered the cancellation of Sahara conglomerate's fund management business permit in six months, saying it failed to meet a "fit-and-proper" rule with the group founder in jail.  Full Article 

PNB may take over steelmakers to recover debt 28 Jul 2015

NEW DELHI - Punjab National Bank (PNB), India's fourth-largest state lender by assets, could take control of some of the country's most heavily indebted steel companies and sell them on as part of a restructuring backed by New Delhi, bank officials said.

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 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 

A man walks in front an empty state-run bank during a strike in Mumbai December 16, 2009. REUTERS/Arko Datta/Files

State lenders' Q1 profit hit by rise in bad loans

Three of India's leading state-run lenders reported a drop in their first quarter net profits, weighed down by rise in provision for bad loans and cooling expectations of a turnaround in the country's dominant but ailing government banking sector.  Full Article | Full Coverage 

An activist holds placards with pictures of the sacrificial ceremony of the "Gadhimai Mela" festival that reads "Stop animal sacrifice" during the protest against the animal sacrifice outside the Singha Durbar office complex that houses the Prime Minister's office and other ministries, in Kathmandu December 1, 2014. REUTERS/Navesh Chitrakar/Files

Gadhimai temple bans animal sacrifice - group

A temple in southern Nepal known for the mass slaughter of animals at a festival there every five years has indefinitely banned animal sacrifice, India's Humane Society International said on Tuesday.  Full Article | Pics - Gadhimai Mela 2014 

Saif al-Islam Gaddafi, son of late Libyan leader Muammar Gaddafi, attends a hearing behind bars in a courtroom in Zintan, June 22, 2014 . REUTERS/Stringer/Files

Libyan court sentences Gaddafi son to death

A Libyan court passed a death sentence in absentia on Muammar Gaddafi's most prominent son, Saif al-Islam, on Tuesday for war crimes and acts to crush peaceful protests during the country's 2011 revolution that ended his father's rule.  Story | Lawyer reaction 

A photo of sprinter Dutee Chand taken from a Facebook page.

Dutee Chand cleared to race after CAS ruling

Indian sprinter Dutee Chand feels her life is back on track after being cleared to race following the Court of Arbitration for Sport's (CAS) ruling on gender testing guidelines.   Full Article 

Latest Headlines

India's Missile Man Dies

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 

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