People stand in front of the parliament building on the opening day of the winter session in New Delhi November 22, 2012. REUTERS/B Mathur/Files

Protests over conversions set back reform agenda

Prime Minister Narendra Modi's reform agenda suffered a setback on Monday as protests erupted in parliament and in the streets over a campaign by Hindu hardliners linked to his party to convert Muslims and Christians to Hinduism.  Full Article 

Sensex jumps over 1 pct on insurers buying 3:57pm IST

MUMBAI - The BSE Sensex and Nifty rose more than 1 percent on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market.

Employees work inside a travel agency office besides a model of a SpiceJet aircraft in Ahmedabad February 14, 2014. REUTERS/Amit Dave/Files
Aviation

SpiceJet co-founder seeks time for a bail-out

The entrepreneur behind a high-profile effort to rescue SpiceJet has asked for more time to finalise funding plans, a government official with direct knowledge of the matter said.   Full Article 

A customer prepares to fill the tank of her car at a fuel station in Sint Pieters Leeuw, Belgium December 5, 2014.   REUTERS/Yves Herman
Reuters Poll

Oil prices likely to rebound in 2nd half of 2015

Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in U.S. shale production counters a supply glut exacerbated by OPEC's decision not to cut output, a Reuters monthly survey showed. The OPEC's agreement last month to stand pat on output meant the onus for any supply cutbacks was now on non-OPEC producers, primarily led by U.S. shale oil, analysts said.  Full Article 

A health worker wearing protective gear attends to a newly admitted suspected Ebola patient in a quarantine zone at a Red Cross facility in the town of Koidu, Kono district in Eastern Sierra Leone December 19, 2014. REUTERS/Baz Ratner

Can the blood of Ebola survivors create a cure?

For months, Vanderbilt University researcher Dr. James Crowe has been desperately seeking access to the blood of U.S. Ebola survivors, hoping to extract the proteins that helped them overcome the deadly virus for use in new, potent drugs.  Full Article 

File photo of MS Dhoni leading his team back to the dressing room at Eden Park in Auckland February 9, 2014. REUTERS/Nigel Marple/Files

Boxing Day test of India's resolve in Melbourne

With all hope of a first series triumph in Australia gone after defeats in the first two tests, India need to draw on their reserves of pride and motivation to avoid a seventh straight test loss on Australian soil this week.  Full Article | Factbox - Australia v India, third test 

Latest Headlines

A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

SpiceJet rescue is no fix for India aviation woes

SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

The logo of car-sharing service app Uber on a smartphone.

Uber’s law flouting could bring joyride to a halt

Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

Mohamad Bazzi

Saudi Arabia is playing chicken with its oil

Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary