The Reserve Bank of India (RBI) Governor Raghuram Rajan arrives for a news conference after the bi-monthly monetary policy review in Mumbai, August 4, 2015. REUTERS/Shailesh Andrade

RBI holds rates, leaves door open for more easing

The Reserve Bank of India kept its policy rate on hold at 7.25 percent on Tuesday, as widely expected, while leaving the door open to ease further depending on the inflation outlook and how swiftly banks lower their lending rates.  Full Article | Full Coverage 

BSE Sensex falls more than 1 pct after RBI holds rates 1:56pm IST

MUMBAI - The BSE Sensex and Nifty fell more than 1 percent on Tuesday, on track to snap their four-session winning streak, with financial and IT stocks leading the decline as investors turned cautious after the central bank left key rates unchanged.

Screenshot from the music video by Sofia Ashraf.
Rap On The Knuckle

Indian rapper goes viral with gibes at Unilever

An Indian rapper has gone viral with a music video calling on consumer products giant Unilever to clean up alleged toxic waste from Kodaikanal and compensate residents. Sofia Ashraf's video, posted online by an NGO called Jhatkaa has had more than a million views on YouTube, drawing attention to accusations against a thermometer factory in Kodaikanal that closed down 14 years ago.  Full Article 

Former trader Tom Hayes arrives at Southwark Crown Court in London, August 3, 2015. REUTERS/Peter Nicholls/Files

The Libor whiz "everyone was going to blame"

The first trader convicted by a jury in the global Libor rate-rigging scandal was a maths whiz nicknamed "Rain Man", who slept as an adult under a superhero duvet cover he had owned since he was eight. Tom Hayes, found guilty of eight counts of conspiracy to defraud, told the court he never thought he had been dishonest.  Full Article 

Mullah Akhtar Mohammad Mansour, Taliban militants' new leader, is seen in this undated handout photograph by the Taliban. REUTERS/Taliban Handout/Handout via Reuters

New Taliban chief faces tension as official quits

A top Taliban official announced his resignation amid a growing leadership struggle in the Afghan insurgent movement after the news of the death of leader Mullah Mohammad Omar last week.  Full Article 

U.S. President Barack Obama delivers remarks on the Clean Power Plan at the White House in Washington August 3, 2015. REUTERS/Jonathan Ernst
Reuters Investigates

U.S. State Dept. diluted human trafficking report

A Reuters examination shows that the U.S. government office set up to independently grade global efforts to fight human trafficking was repeatedly overruled by senior American diplomats and pressured into inflating assessments of 14 strategically important countries Malaysia, Cuba, China, India, Uzbekistan and Mexico.  Full Article | Video 

Yoshiteru Kohata, a 86-year-old Nagasaki atomic bombing survivor and retired school teacher, who returned to his home region of Fukushima after World War Two, poses with a portrait taken when he was in middle school, at his home in the town of Miharu, Fukushima Prefecture, Japan, July 31, 2015. REUTERS/Toru Hanai
Against Nuclear Power

A-bomb survivors decry PM Abe’s nuclear plan

An elderly group of survivors of Hiroshima and Nagasaki atomic bombings chose not to criticize the nuclear power industry in Japan until the massive tsunami on March 11, 2011, devastated the Fukushima Daiichi nuclear plant, triggering meltdowns, spewing radiation and forcing tens of thousands of residents to flee their homes.   Full Article | Slideshow 

A Samsung logo and a logo of Apple are seen in this September 23, 2014 illustration photo in Sarajevo. REUTERS/Dado Ruvic/Files

Samsung fights to save mobile market share

Margins at Samsung's mobile division fell to 10.6 percent from 15.5 percent a year earlier during the second quarter of 2015. It remains the world's biggest smartphone maker but it is Apple that is reaping most of the rewards.  Full Article 

BALCO founder Victor Conte arrives at federal courts in San Francisco, California February 15, 2008. REUTERS/Kimberly White/Files
Global Doping Scandal

"It's about money, it's about corruption."

Victor Conte, the man at the centre of what was the United States' biggest doping scandal, believes the latest drug scandal to rock the sports world is all part of a coverup to protect the bottom line.  Read 

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Views and Expert Opinion with Sankalp Phartiyal
    Ketan Desai, the former president of the Medical Council of India, walks after his hearing at a courthouse in Lucknow, June 27, 2015. REUTERS/Pawan Kumar/Files

    Why Ketan Desai, accused of crimes, is set to lead the world’s top medical ethics body

    Dr. Ketan Desai is slated to head the WMA even as he faces conspiracy allegations in Indian courts. Desai has been facing allegations that he conspired to have the Medical Council recommend that a private medical college be allowed to add more students.  Full Coverage 

    David Rohde

    Why the West may miss the Taliban’s Mullah Omar

    Reports on Wednesday that reclusive Taliban leader Mullah Omar had died will be rightly hailed by some as the demise of an American nemesis. But the death of the one-eyed Afghan commander may also scuttle the most promising peace talks in Afghanistan in a decade. As odd as it may seem to some Americans, Omar’s death could not come at a worse time.   Commentary 

    Rupa Rege Nitsure

    No economic case for another rate cut soon

    Given the fragility of India’s economic recovery, we do not expect an abrupt rise in rates soon, but the probability of rate reduction also looks slim. A bigger concern has to do with the rise of the dollar, which has increased markedly against the rupee over the past year, partly also reflecting its weak external fundamentals.  Full Article 

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