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Tata Motors net profit falls 56 pct, misses estimates

NEW DELHI - Tata Motors Ltd, India's biggest automaker by revenue, reported a drop in quarterly net profit due to a spike in costs despite steady sales of its luxury Jaguar Land Rover unit and an increase in demand for its cars in its home market.

Sensex falls to 1-1/2 week low on earnings caution 4:41pm IST

MUMBAI - Indian shares fell for a second consecutive session on Tuesday to their lowest close in 1-1/2 weeks as caution ahead of results of major companies such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions.

Prime Minister Narendra Modi waves towards his supporters during a rally in Mathura, India, May 25, 2015. REUTERS/Adnan Abidi

One year on, PM Modi courts India's poor

Prime Minister Narendra Modi told his thousands of supporters on Monday that his government was devoted to the poor, directly tackling criticism he has governed for the rich and failed farmers in his first year in office.  Read | Full coverage: One year of Modi 

A forensic policeman transports body bags with human remains found at the site of human trafficking camps in the jungle close the Thailand border after bringing them to a police camp near Wang Kelian in northern Malaysia May 25, 2015.  REUTERS/Damir Sagolj
Asia

Malaysian police begin exhuming bodies

Malaysian police forensic teams, digging with hoes and shovels, began pulling out the remains of dozens of suspected victims of human traffickers on Tuesday from shallow graves discovered at a jungle camp near the border with Thailand.  Full Article 

'Closed-door' trial for U.S. journalist in Tehran

'Closed-door' trial for U.S. journalist in Tehran

Washington Post reporter Jason Rezaian went on trial on espionage charges behind closed doors in Iran on Tuesday, the semi-official Tasnim news agency reported.  Full Article | Video 

A government soldier stands at attention in front of the 20mm anti-aircraft gun during the 117th Philippine Navy anniversary held inside the Naval station in Pascual Ledesma, Fort San Felipe, Cavite City, south of Manila May 25, 2015. REUTERS/Romeo Ranoco
South China Sea Dispute

Southeast Asia maritime build-up accelerates

Southeast Asian nations are prioritising spending on their navies and coastguards amid rising tensions in the South China Sea, but as their capabilities grow, so does the risk that any confrontation in the contested waterway will be harder to contain.  Full Article 

Migrant domestic worker Suay Ing, 31, wipes a window of the clinic where she works in Bangkok, Thailand, May 25, 2015.REUTERS/Athit Perawongmetha
Thomson Reuters Foundation

Migrant domestic workers rally to fight abuse

Asia is home to 41 percent of the estimated 53 million domestic workers worldwide, most of them women who enjoy few rights, work excessively long days and earn far below the minimum wage, rights groups say.  Read | Filipina maid photographs "modern slavery" in HK 

Venus Williams of the the U.S. plays a shot to compatriot Sloane Stephens during their women's singles match at the French Open tennis tournament at the Roland Garros stadium in Paris, France, May 25, 2015. REUTERS/Pascal Rossignol

French Open: Venus suffers another early exit

Former world number one Venus Williams suffered another early French Open exit when she was beaten 7-6(5) 6-1 by fellow American Sloane Stephens in the first round on Monday.  Full Article 

U.S. blues legend B.B. King performs onstage during the 45th Montreux Jazz Festival in Montreux July 2, 2011. REUTERS/Valentin Flauraud/Files
B.B. King

Homicide probe to be launched in King's death

Nevada officials said on Monday they would conduct a homicide investigation into the death of B.B. King who died this month at age 89, after two of his daughters leveled accusations that the blues great was murdered. The women also claimed in a video posted online that members of King's family were prevented from visiting him by his two associates during his final days.  Read | Pics - B.B. King: 1925 - 2015  

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Chief Economic Adviser

Raffaello Pantucci

Untangling the web of India, China and Pakistan diplomacy

India, Pakistan and China need to shed their historical legacies, and find ways of ending the paranoid tensions that underlie their global outlooks. Until this has been achieved, the CPEC, BCIM and any other regional economic framework will be undermined and no long-term stability will be found in the heart of South Asia.  Full Article 

Sajan Pillai

How India can support its start-ups

There is no reason why India cannot be the innovation capital of the world, home to the next Google or Amazon. However, the government needs to ensure ideas are given the opportunity to grow into a business. Creating tax reforms, bringing in venture capital, and creating simple policies for new businesses is the way to spark this transformation.  Full Article 

Fizan Abdullah

Surgery so simple a gardener can do it – but he probably shouldn’t

A number of readily teachable surgical procedures can stem much of the rising tide of human suffering. We associate surgery with space-age operating rooms filled with fancy equipment. A handful of conditions require that. But many do not. Non-surgeons trained to do simple procedures can alleviate up to three-quarters of the surgical need in underserved regions.  Read 

Edward Hadas

The uses and abuses of Gross Domestic Product

Numbers can lie, and undoubtedly will when they accumulate years of approximations, estimates and exclusions. It is probably hopeless to suggest that many of the innumerable data series based on GDP should simply be discarded just because they are mostly false and misleading. They are too popular for that. However, GDP is certainly a measure that should be used with extreme caution.  Full Article 

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