Commuters travel past a Reserve Bank of India (RBI) building in Kolkata November 11, 2014. REUTERS/Rupak De Chowdhuri/Files

Reserve Bank surprises with 25 bps cut in repo rate

The Reserve Bank of India (RBI) lowered its policy repo rate by 25 basis points to 7.5 percent on Wednesday, its second inter-meeting cut this year on the back of easing inflation and what it said was the "weak state" of parts of the economy.  Full Article 

Sensex hits record high above 30,000 11:02am IST

MUMBAI - The BSE Sensex and Nifty touched record highs on Wednesday as interest rate-sensitive stocks such as HDFC Bank gained after the Reserve Bank of India (RBI) eased monetary policy for a second time this year, raising hopes about credit growth and the broader economy.

British filmmaker Leslee Udwin poses for a picture after addressing a news conference in New Delhi March 3, 2015. REUTERS/Anindito Mukherjee
Controversial Documentary

Delhi gang rape documentary banned in India

A documentary film about the fatal gang rape of a woman in New Delhi in 2012 has been banned in India over concerns that derogatory comments made by one of the rapists could create an atmosphere of fear and tension, a police official said. Leslee Udwin's "India's Daughter" features conversations with Mukesh Singh and fellow convicts who raped and tortured a 23-year-old woman.  Full Article 

An employee demonstrates a mobile phone to customers at an electronics store in New Delhi September 4, 2013. REUTERS/Mansi Thapliyal/Files
Economy

Services growth at eight-month high in February

Activity in India's services industry expanded at its fastest pace in eight months in February as improving domestic demand drove a surge in new orders, a business survey showed on Wednesday. Increased activity at service firms, which make up over half the economy, is good news for policymakers - especially after last week's first annual budget from Modi's government failed to deliver big-bang reforms.  Full Article 

Soldiers from China's People's Liberation Army (PLA) march ahead of the opening session of Chinese People's Political Consultative Conference (CPPCC) at Tiananmen Sqaure in Beijing, March 3, 2015.  REUTERS/Kim Kyung-Hoon
Asia

China's defence budget to rise by 10 percent

China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets.  Full Article 

Handout photo from "Baby".

Franchise Man swoops in to save Bollywood

Bollywood is looking for its next superhero, one that can swoop in and provide entertainment to a business bereft of new ideas. Its name might be Franchise Man. At least two studios are focusing on franchises, writing scripts and developing stories that will span at least three films. The source of the franchise fervour is Hollywood, where such films are top-grossers at the box office.  Full Article 

Former U.S. National Security Agency contractor Edward Snowden appears live via video during a student organized world affairs conference at the Upper Canada College private high school in Toronto, February 2, 2015. REUTERS/Mark Blinch

Snowden seeks to come home - lawyer

A Russian lawyer for Edward Snowden said on Tuesday the fugitive former U.S. spy agency contractor who leaked details of the government's mass surveillance programmes was working with American and German lawyers to return home.  Full Article 

Former Goldman Sachs Asset Management Chairman Jim O'Neill speaks to Reuters India Insight in New Delhi March 2, 2015.
Reuters Interview

Budget lacks wow, but good enough: Jim O’Neill

Jim O’Neill, who coined the term BRICs to highlight emerging economic powerhouses Brazil, Russia, India and China, said India’s budget lacked a “wow” factor but was good enough to push the country on a path of 8 percent growth or more “for a long time”. In an interview, O’Neill gave his views on India’s budget, the BRICS nations, and the government’s decision to adopt inflation targeting.  Video | Full Article 

Rubbish collected at Everest base camp with the Himalayan range seen at the background in Nepal, May 03, 2011. REUTERS/Laurence Tan/Files

Nepal to Everest litterbugs: take out the trash

Six decades after the first conquest of the world's highest peak, tons of rubbish and human waste abandoned by hundreds of Mount Everest climbers is starting to raise a stink.  Full Article 

Latest Headlines

Views and Expert Opinion with Sankalp Phartiyal
    How war in Ukraine led to Russian opposition leader Boris Nemtsov’s death

    How war in Ukraine led to Russian opposition leader Boris Nemtsov’s death

    Feb. 27 has become a dark day for both Ukraine and Russia. A year ago on that day, heavily armed men seized the Crimean parliament, and Russian soldiers fanned out across the peninsula, making its annexation a fait accompli within hours. This year, a fierce critic of the Kremlin’s policy toward Ukraine was gunned down in Moscow.  Commentary 

    Mohammed Emwazi

    The horror of ‘Jihadi John’ and the ‘Jihadi Janes’

    Young men and women become radicalized in the quiet of their bedroom, sitting before a computer screen, often after they’ve done their homework. For all the efforts to counter it – increasingly by Muslim activists, scholars, parents, teachers – the digitalized hatred grows. There are many, many, would-be Jihadi Johns – and Jihadi Janes.  Commentary 

    Expert Zone

    Paul Donovan

    A global lesson from Europe

    “The euro area is in crisis” is not the most thrilling way to open an article. The region is seemingly always in crisis, resembling an opera by Wagner – very, very long, with lots of wailing and melodrama, generally conducted in German. The perpetual round of emergency summits and last-minute deals is something investors have had to get used to.  Full Article 

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