A worker sits beside an oil tank at a storage facility of an oil company on the outskirts of New Delhi March 25, 2010. REUTERS/Danish Siddiqui/Files

India buys the first oil for its strategic petroleum reserve

India has bought the first oil for its strategic petroleum reserve (SPR), trade sources said on Monday, marking the start of a round of purchases by the world's fourth-biggest oil consumer to build up emergency stockpiles.  Full Article 

Oil down as Iran races for Tuesday deadline on nuclear deal 1:51am IST

NEW YORK - Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran's nuclear programme that could end Western sanctions and allow the OPEC member to ship more crude into an already flooded market.

Unidentified relatives of victims react at the site of a damaged house after a hillside collapsed onto a house at Laden village, west of Srinagar, March 30, 2015. REUTERS/Danish Ismail
Calamity in Kashmir

Heavy rains trigger flood fears; six dead

A landslide in the Himalayan region of Kashmir killed six people and left 10 missing, police said on Monday, as unseasonal rains swept India, damaging crops and raising fears of flash floods in the mountainous north.  Full Article 

The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai October 29, 2013.  REUTERS/Danish Siddiqui/Files
RBI Guidelines

RBI tightens takeover rules for shadow banking

The Reserve Bank of India plans tougher rules for takeovers involving non-banking financial companies (NBFCs), according to a draft guideline published on Monday, outlining a demand that all substantial deals seek its prior approval.  Full Article 

A Hindu boy peeps out from a window grille in an ashram in Ayodhya in Uttar Pradesh May 6, 2014. REUTERS/Anindito Mukherjee
Top News

Govt to push for cow slaughter ban in India

India will use all its "might" to ban cow slaughter across the country, Home Minister Rajnath Singh said in a speech to spiritual leaders, as the Hindu nationalist government moves to fulfil a poll promise of Prime Minister Narendra Modi. A renewed thrust by Modi's Bharatiya Janata Party (BJP) to protect cows, worshipped by majority Hindus, has led to a clamp down on beef trade run mostly by Muslims.  Article 

Andreas Lubitz runs the Airportrace half marathon in Hamburg in this September 13, 2009 file photo. REUTERS/Foto-Team-Mueller/Files

Germanwings pilot was suicidal: prosecutors

The Germanwings co-pilot suspected of deliberately crashing a plane in the French Alps last week had been treated in the past for suicidal tendencies, German state prosecutors said on Monday.  Full Article 

Vendors sell Bangladesh national flags in Dhaka December 15 on the eve of the anniversary of Victory Day. REUTERS/Files

Second blogger hacked to death in Bangladesh

A blogger was hacked to death by machete-wielding assailants in the Bangladesh capital Dhaka on Monday, the second attack in five weeks on a critic of religious extremism in the Muslim-majority South Asian nation. Washikur Rahman, a secular blogger, was attacked by young religious students on a busy street in Dhaka.  Full Article 

Bollywood actor Salman Khan speaks to the media at a party held by Sony Entertainment Television India to showcase his show "10 Ka Dum" or the Power of 10 in Mumbai June 2, 2008. REUTERS/Manav Manglani/Files

It was me: Salman Khan’s driver in hit-and-run

Actor Salman Khan’s defence in a decade-old hit-and-run case got a significant boost on Monday after his driver testified in court that it was he, and not the Bollywood star, who was behind the wheel of an SUV that ran over people in 2002. The Bollywood star is accused of running his SUV on the pavement in Mumbai’s suburb of Bandra on September 28, 2002, killing one person and injuring four others.  Read 

New Zealand's captain Brendon McCullum (R) stands with his team mates during the playing of the national anthems before the start of their Cricket World Cup final match against Australia at the Melbourne Cricket Ground (MCG) March 29, 2015.      REUTERS/Hamish Blair

Kiwis dominate team of the tournament

Five players from World Cup runners-up New Zealand and three from winners Australia were named in the International Cricket Council's (ICC) team of the tournament on Monday.  Full Article 

Latest Headlines

Una Galani

India’s boardroom diversity drive has weird result

India’s effort to break the old boys’ club is producing bizarre outcomes. Tycoons have responded to a requirement that they have at least one female board member by April 1 by appointing their wives and even stepmothers as directors. India’s corporate governance has room for improvement and gender diversity at the top can improve financial returns. But mandating change isn’t the answer.  Full Article 

Mohamad Bazzi

How Yemen became the front line of a Mideast-wide war

In the early morning of Mar. 26, Saudi Arabia went to war against the Houthi rebels in Yemen. In doing so, Saudi leaders opened the latest chapter in a long history of meddling and influence over their southern neighbor. Since Saudi Arabia was founded in the 1930s, its leaders have tried to keep a friendly regime in power in Yemen and to prevent it from posing a threat to Saudi interests.   Opinion 

Vikas Purohit

Indian designers will create new products for online shoppers: Amazon India fashion head

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

Cinderella’s new moral: Be rich or be a pumpkin

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 

Environment

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