Yahoo buying Tumblr for $1.1 bln, vows not to screw it up
SAN FRANCISCO/NEW YORK - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand.
Essar Oil to sign $1 bln debt-for-fuel deal with China
MUMBAI/NEW DELHI - Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina.
'More steps to cut gold imports if needed'
India will take more steps if necessary to curb gold imports, Finance Minister P. Chidambaram said on Monday, after the country's overseas purchases of gold and silver shot up 138 percent in April. Full Article
Gandhi blood sample up for auction in London
Two microscope slides bearing the blood of Mahatma Gandhi are to go on sale in London on Tuesday and are expected to fetch from 10,000 pounds to 15,000 pounds. The slides were obtained in 1924 when the father of the Indian independence movement was recovering from an appendectomy near Mumbai. Full Article
Bomb attacks kill more than 70 Shi'ites in Iraq
More than 70 people were killed in a series of car bombings and suicide attacks targeting Shi'ite Muslims across Iraq on Monday, police and medics said. Full Article
Strong demand for govt debt despite S&P stand
Foreign investors bid heavily in an auction for quotas to buy government bonds, even after Standard & Poor's reiterated its "negative" outlook for India. Full Article
MQM denounces Imran Khan in Karachi protest
Supporters of an influential Pakistani political party took to the streets of Karachi to protest against cricket-hero-turned-politician Imran Khan, who has accused it of killing one of his senior staff. Full Article
Latest Headlines
"Handshake across the Himalayas"
India, China to study new ways to ease border tensions
India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
The threat of a junk rating
S&P is not without patience. It will watch India’s progress for another year before it makes the next assessment, although it is already negatively charged. That is what has led it to conclude that the chances of India’s sovereign rating being downgraded are one in three. The agency should also recognize that there are improvements which signal a better future. Column
A woman's choice
Angelina Jolie has taken the narrative back into a serious direction with one breathtaking article — reminding other women that they, too, have choices. Medical ones, but others as well. It’s a great, vital message — larger maybe than Jolie herself even expected. Commentary
Austerity is a moral issue
Europe’s economic turmoil is dragging the world economy down. Despite this destructive display of unnecessary masochism, many Americans still demand that the U.S. sequester be allowed to continue slashing at public spending. A glance across the Atlantic offers a chilling insight into what would happen in the U.S. if the fiscal hawks get their way and start imposing European-style austerity. Commentary
Extreme measures to "protect" daughters
The Delhi gang rape and ensuing protests opened up a Pandora’s Box of crimes against women in India. And families have stepped up measures to protect their daughters by curtailing their movements and restricting their access to opportunities. This includes preventing them from going to school or moving out to a college far from home, and stopping them wearing western clothes like jeans. Opinion
Cannes Film Festival
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Aishwarya Rai on Cannes red carpet
Snapshots of Indian presence at the 66th Cannes Film Festival. Take a look at Aishwarya Rai Bachchan, Sonam Kapoor, Amitabh Bachchan, Vidya Balan and others at the famed red carpet. Slideshow
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