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The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai

India eyes cleanup of bad debt as wary state banks hesitate

India is considering setting up an independent panel to help state-owned banks negotiate settlements with big businesses on bad loans, in order to shield bankers from a populist backlash they say is hobbling efforts to clean up their balance sheets.

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Real braced for tough Atletico sequel in Milan finale

MADRID As soon as the final whistle confirmed Real Madrid's berth in the Champions League final against local rivals Atletico with a 1-0 aggregate victory over Manchester City on Wednesday, memories of 2014's all-Spanish final came flooding back.

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World's biggest diamond to be auctioned in London

NEW YORK "Lesedi la Rona," the largest gem-quality rough diamond discovered in more than 100 years, will be auctioned in London next month and is expected to sell for $70 million, international auction house Sotheby's said on Wednesday.

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