REUTERS - The Reserve Bank of India (RBI) has proposed to lower the ceiling on how much a bank can lend to a single corporate group, in a move to curb risks in the banking sector at a time when bad loans are on the rise.
DUBAI - Saudi Arabia's navy began an operation to evacuate dozens of Saudi and foreign diplomats from the southern Yemeni port city of Aden, state television reported on Saturday.
Vedanta Resources Plc said it would file a notice of claim related to a tax demand of about 205 billion rupees ($3.29 billion) its unit Cairn India Ltd received from the Indian government this month. The notice is the first step required before seeking international arbitration under the UK-India bilateral investment treaty, Vedanta said on Friday. London-listed Vedanta has most of its operations in India. Full Article
German authorities found torn-up sick notes showing that the pilot who crashed a plane into the French Alps was suffering from an illness that should have grounded him on the day of the tragedy, which he apparently hid from the airline. Full Article | Video
Italy's top court on Friday annulled the conviction of American Amanda Knox for the 2007 murder of her British flatmate Meredith Kercher and fully acquitted her in a surprise verdict capping nearly a decade of courtroom drama. Full Article
A U.S. federal grand jury has indicted an Alabama police officer captured on video throwing an Indian man to the ground on a charge related to the use of unreasonable force, federal prosecutors said. Eric Parker, then an officer with the Madison Police, was seen on video recorded from inside a patrol vehicle on Feb. 6 throwing Sureshbhai Patel to the ground after attempting to question him. Full Article
Prime Minister Narendra Modi wants to promote a "per drop, more crop" approach to farming to make better use of scarce water, and aims to have a new satellite crop monitoring system working in time for the peak of this year's monsoon in July. Using remote analysis to assess soil moisture and crop development has the potential to cut input costs and raise yields, say experts. Full Article
Prime Minister Narendra Modi has asked for a drastic cutback of an ambitious health care plan after cost estimates came in at $18.5 billion over five years, several government sources said, delaying a promise made in his election manifesto. Modi has had to make difficult choices to boost economic growth, leaving less funding immediately available for social sectors. Full Article
The International Atomic Energy Agency (IAEA) urged India on Friday to further tighten its nuclear safety regulations by assuring the legal independence of its atomic watchdog and allowing more outside inspections. The deal came after Prime Minister Narendra Modi agreed last year to tighter checks of India's civilian nuclear programme by the IAEA. Full Article
Australia's retiring one-day captain Michael Clarke has urged his players to put "skill over emotion" in their bid to down New Zealand in Sunday's World Cup final, though his swan-song is sure to imbue the match with extra sentiment. Full Article | Full Coverage
The e-commerce industry in India is expected to cross $100 billion in the next four years. Can designer wear be successful in the medium that attracts many of its users because of discounts? Vikas Purohit, head of fashion at Amazon India, foresees the country’s top designers creating products especially suited to online retail. Full Article
Cinderella marriages are getting to be as rare as golden coaches. Economist Jeremy Greenwood has found that your chances of marrying outside your income bracket have been dropping since the 1950s because of something called assortive mating, which means that we are increasingly drawn to people in similar circumstances. Inequality has grown and mobility has stalled. Commentary
Nine hospital beds in a row and imaginary patients hooked up to intravenous drips. Not the usual setting for a fashion catwalk. But designer Rajesh Pratap Singh returned to his roots for the inaugural show of the Amazon India Fashion Week in New Delhi. Singh, who grew up in a family of doctors, said his show was a tribute to healthcare professionals. Full Article
Nico Rosberg led a Mercedes one-two in the final free practice session for the Malaysian Grand Prix, the German edging out Lewis Hamilton by 0.184 seconds a few hours ahead of qualifying on Saturday. Full Article