Prime Minister Narendra Modi (R) and Japan's Prime Minister Shinzo Abe shake hands before their talks at the state guest house in Tokyo September 1, 2014. REUTERS/Toru Hanai

Japan, India vow to boost defence ties during summit

Japan and India agreed on Monday to strengthen defence ties as Asia's second and third biggest economies keep a wary eye on a rising China, with Prime Minister Narendra Modi lashing out at the "expansionism" of some nations.  Full Article 

RBI amends Basel III guidelines for banks 01 Sep 2014

MUMBAI - Indian banks can now issue Tier 2 capital with a minimum original maturity of 5 years as against 10 years previously, the Reserve Bank of India (RBI) said in a notification on Monday, amending some guidelines on Basel III implementation in India.

A broker monitors share prices while trading at a brokerage firm in Mumbai May 13, 2014. REUTERS/Danish Siddiqui/Files
Markets

Nifty surges past 8,000 to record high

The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. The 50-share Nifty rose as much as 1.01 percent to a record high of 8,035, surpassing its previous all-time high hit on Aug. 25.   Full Article 

A local woman prepares to carry coal at an open coal field at Dhanbad district in Jharkhand September 19, 2012. REUTERS/Ahmad Masood/Files
Coal Block Allocation

Govt urges SC to not to cancel some allocations

The Attorney General has asked the Supreme Court to leave 40 of the 218 coal blocks allocations the court declared illegal with companies that operate mines that are either producing or close to doing so. The award of more than 200 coal blocks has been at the centre of the so-called "Coalgate" scandal, estimated in a 2012 audit report to have cost the exchequer as much as $33 billion.  Full Article 

A child cries in a military helicopter after being evacuated by Iraqi forces from Amerli, north of Baghdad August 29, 2014. REUTERS/Stringer

Iraq Islamists driving large-scale atrocities: U.N.

Islamist fighters have carried out atrocities on "an unimaginable scale" in months of fighting with Iraqi forces, who have also killed detainees and shelled civilian areas, a U.N. official said.  Full Article 

Handout photo of author Reema Abbasi

A glimpse of Pakistan’s Hindu past

Journalist Reema Abbasi's “Historic Temples in Pakistan: A Call to Conscience” is a book-length attempt to record in pictures the history of an Islamic country’s Hindu past, especially as extremist activity mounts against Pakistan’s religious and ethnic minorities, including Ahmadis, Christians, Sikhs and Shia Muslims.  Full Article 

A visitor walks past a Microsoft booth at a computer software expo in Beijing, June 2, 2010. REUTERS/Stringer/Files

Microsoft gets 20 days in China anti-trust probe

A Chinese anti-trust regulator said on Monday it has given Microsoft Corp 20 days to reply to queries on the compatability of its Windows operating system and Office software suite amid a probe into the world's largest software company.  Full Article 

Yves Carcelle, chairman and CEO of Louis Vuitton Malletier, poses for a photograph after an interview with Reuters at the largest China LV store in Shanghai July 17, 2012. REUTERS/Aly Song/Files
Fashion

Louis Vuitton trailblazer Carcelle dies aged 66

Yves Carcelle, the man credited with turning Louis Vuitton into the world's biggest luxury brand by revenue, died on Sunday, Louis Vuitton parent LVMH said. Carcelle, an energetic, self-made man who headed Louis Vuitton for more than two decades until 2012, died of cancer. He was 66 years old.   Full Article 

Latest Headlines

Pakistan Protests

Nita Bhalla

The suicide letters that symbolise India’s misguided shame

Shame. It’s a word I often hear when speaking to women in India, where a combination of patriarchy, misogyny and extreme conservatism makes women feel ashamed of the crimes being committed against them. They are ashamed of being sexually harassed, ashamed for being molested and ashamed after suffering a beating.  Full Article 

Andy Mukherjee

Supreme Court order adds urgency to India’s coal crunch

The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go.  Full Article 

McLaren Mercedes team members dump buckets of ice water onto Formula One driver Lewis Hamilton of Britain as he takes part in the "Ice Bucket Challenge" after the first practice session at the Belgian F1 Grand Prix in Spa-Francorchamps August 22, 2014. REUTERS/Stringer

Roche’s $8 billion bet outsmarts ice-bucket challenge

Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers.  Full Article 

Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of warship, INS Kolkata at a naval base in Mumbai August 16, 2014. REUTERS/Danish Siddiqui

Asia’s top-down corporate reforms vary in promise

Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies.  Full Article 

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