MUMBAI - The BSE Sensex and Nifty are headed for their third straight loss dragged by disappointing earnings numbers posted by bellwethers Tata Motors and Tech Mahindra .
MUMBAI - Tata Motors shares fell more than 5 percent on Wednesday after a surprise drop in its bottom line, hit by weak demand for luxury Jaguars and Range Rovers in China, where automakers are under pressure to cut prices.
Prime Minister Narendra Modi on Tuesday urged farmers to boost lentils and oilseeds output to cut expensive imports but skirted the issue of rural distress that has turned peasants against his one-year-old government. Read | Full Coverage: One year of Modi
Japan cleared the way on Wednesday for a resumption of nuclear power, four years after the world's worst atomic disaster in two-and-a-half decades led to the shutdown of all the country's reactors and fuelled public opposition to the industry. Full Article
China has wrapped up at least $80 billion of deals, including agreements signed with jet makers, solar cell manufacturers and film studios, during recent visits by its leaders to Russia and Latin America plus a visit by Indian Prime Minister Narendra Modi to China. Full Article
Iraq's Shi'ite paramilitaries said they had taken charge of the campaign to drive Islamic State from the western province of Anbar, giving the operation an openly sectarian codename that could infuriate its Sunni Muslim population. Full Article
The hard issues of the world economy are well known. Leaders have dealt the issues of productivity, unemployment, competition from east and west, the collapse of industries through the decades of the 20th, and now the 21st, centuries. Yet these are harder now. Intelligent systems, robotic manufacturing, driverless vehicles, online services, all carve deep into established trades, writes John Lloyd. Read
Six soccer officials were arrested in Zurich on Wednesday and detained pending extradition to the United States over suspected corruption at soccer's governing body FIFA, the Swiss Federal Office of Justice (FCOJ) said in a statement. Full Article | Related Story
California scientists are testing whether the illegal psychoactive drug commonly known as Ecstasy could help alleviate anxiety for terminally ill patients, the trial's principal funder said on Tuesday. At least a dozen subjects with life-threatening diseases like cancer will participate in the double-blind trial over the next year in Santa Cruz, spokesman for the Multidisciplinary Association for Psychedelic Studies said. Read
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
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
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
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