Currency of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files

Rupee hits record low; RBI's hands seen tied

The rupee hit a record low against the dollar, breaching 54.3 versus the dollar, succumbing to the steep risk aversion hitting global markets and highlighting the vulnerabilities of a country facing challenging fiscal and economic outlooks.  Full Article | Related Story 

Bharti in talks for stake in Qualcomm India unit - sources 4:26pm IST

MUMBAI/NEW DELHI - Top mobile phone carrier Bharti Airtel is in advanced talks to buyout the Indian partners of Qualcomm Inc in a fourth-generation (4G) broadband venture in the country, two sources with direct knowledge said on Wednesday.

People make a transaction at an Automated Teller Machine (ATM) of Piraeus bank in Athens October 26, 2011.REUTERS/Yiorgos Karahalis/Files

Greeks pull funds from banks, exit fears weigh

Greece's president spoke of "fear that could develop into panic" at the country's banks in the weeks before fresh elections that could precipitate Athens exit from the euro zone.  Full Article 

Commuters are reflected in stone as they walk past the JP Morgan headquarters in New York on May 11, 2012. REUTERS/Eduardo Munoz

JPM was warned about its risk management

A labour-backed shareholder group last year warned JPMorgan Chase & Co that its risk management committee was not up to the task and sought to remove one of its members.  Full Article | Video 

A man rides a motorbike past a mural of the classic Bollywood movie "Anarkali" on the wall of a building in Mumbai May 13, 2012. REUTERS/Vivek Prakash

Mumbai to get a Bollywood mural makeover

The mural of the classic Bollywood film "Anarkali" is the brainchild of a pair of movie buffs, who hope to give Mumbai a distinct Bollywood identity through a series of murals.  Full Article 

Former Bosnian Serb army commander Ratko Mladic attends his trial at the International Criminal Tribunal for the former Yugoslavia (ICTY) at The Hague May 16, 2012. REUTERS/Toussaint Kluiters/Pool

Serbia's Mladic taunts survivors at genocide trial

Bosnian Serb general Mladic taunts Srebrenica survivors at the start of his genocide trial, running his hand across his throat in a gesture of defiance to relatives of one of Europe's worst massacres.  Full Article 

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Rajat Gupta and the hearsay rule

Rajat Gupta and the hearsay rule

Remember the children's game Telephone? One kid whispers something in another kid's ear, the second kid turns around and whispers what she heard to the next child, and so on down the line. That's why courts have a rule barring hearsay because hearsay isn't considered sufficiently reliable.  Full Article 

INDIA INSIGHT

Has India lost its ‘cartoon’ humour?

Has India lost its ‘cartoon’ humour?

The govt's decision to withdraw a controversial cartoon from a political science textbook couldn’t have been more ironic. Just a day earlier, India had observed the 60th anniversary of the first sitting of its parliament. So what is the government’s next move? Ban all cartoons from being published in the press? Or ban all newspapers and magazines?  Full Article 

Myra MacDonald

In optimism over India-Pakistan trade, a warning flag

Trade is the new/old panacea of India-Pakistan relations, moving ahead rapidly after Islamabad said last year it was ready to match India’s offer of Most Favoured Nation (MFN) trading status. As trade increases, so the argument goes, India and Pakistan will build the trust needed to tackle their territorial disputes, while economic inter-dependence will reduce the risk of conflict.  Full Article 

Robert Cyran

Yahoo needs more than a revolution at the top

Yahoo needs more than a revolution at the top. The dysfunctional internet firm is much like a failing country. It has been mismanaged and suffers from bureaucracy and an increasingly uncompetitive business model. It even had, until recently, a dictator for life in founder Jerry Yang. Third Point's successful shareholder revolt promises a fresh start, but fixing Yahoo won't be simple.  Full Article 

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