A farmer harvests partially damaged crop due to lack of rain at Sami village in Gujarat August 5, 2012. REUTERS/Ahmad Masood/Files

India likely to see below average to average rains

India and its South Asian neighbours are expected to see below average to average rains this year if the El Nino weather pattern gains strength during the four-month monsoon season, a forum of weather experts said on Wednesday.  Full Article | Full Coverage: Monsoon  

India to make May-July oil payments to Iran - sources 8:59pm IST

NEW DELHI - India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran and gives it access to $4.2 billion in blocked funds, four sources with knowledge of the matter said.

Family members of missing passengers of capsized passenger ship Sewol which sank last Wednesday, hug each other as they cry after checking a list of missing victims on a noticeboard at makeshift accommodation at a gymnasium in the port city of Jindo April 23, 2014. REUTERS/Kim Kyung-Hoon

Children's corpses reveal attempts to escape

South Korean divers swam though dark, cold waters into a sunken ferry on Wednesday, feeling for children's bodies with their hands in a maze of cabins, corridors and upturned decks.  Full Article 

A Guy Fawkes mask is seen on a computer as a man surfs the web during a "Campus Party" Internet users gathering in Sao Paulo January 30, 2013. REUTERS/Nacho Doce/Files

Brazilian Senate passes "Internet Constitution"

Brazil's Senate unanimously approved groundbreaking legislation on Tuesday that guarantees equal access to the Internet and protects the privacy of Brazilian users in the wake of U.S. spying revelations.  Read 

Employees process meat along a production line at a factory of Shuanghui (Shineway) Group in Luohe, Henan province, June 17, 2013. REUTERS/Stringer/Files

China factories stalling as euro zone picks up

Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, the bloc's second biggest, momentum waned.  Full Article 

Manchester United's manager David Moyes looks on during a news conference at Old Trafford in Manchester, northern England March 31, 2014. REUTERS/Stefan Wermuth

Moyes thanks Ferguson for ManU opportunity

Sacked Manchester United manager David Moyes thanked his predecessor Alex Ferguson on Wednesday for having given him the opportunity to lead the Premier League club.  Full Article 

Actress Lupita Nyong'o arrives at the 2014 MTV Movie Awards in Los Angeles, California  April 13, 2014.  REUTERS/Danny Moloshok

Lupita Nyong'o People's most beautiful woman

It's been a big year for Lupita Nyong'o. After winning an Oscar and a lucrative advertising deal the actress was named on Wednesday as the world's most beautiful woman for 2014 by People magazine.  Full Article 

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CINEMA

A handoout still from 'The World Before Her'

Guns and Gowns: Two faces of Indian woman

Nisha Pahuja‘s film “The World Before Her” juxtaposes two training camps - one for the Durga Vahini (army of Durga), the women’s unit of the right-wing Vishva Hindu Parishad (World Hindu Council), and the other for the Miss India beauty pageant. Pahuja wanted to make a film that would explore a common theme in two worlds that at first look like they are opposites.   Full Article 

Mahamet, a 17-year-old Syrian boy from Azaz, waits for customers in front of the jewellery shop where he works as a translator in Kilis on the Turkish-Syrian border March 18, 2014. REUTERS/Murad Sezer/Files

Election cash restrictions to dent gold imports

India's gold imports in April and May could be less than half of arrivals in March, as restrictions on the movement of cash during general elections dent the buying power of consumers, jewellery industry officials said. Gold arrivals in both April and May could plunge to 20 tonnes, from March imports of 50 tonnes.  Full Article 

Andy Mukherjee

Missing inflation could make Asian bonds frothier

When inflation picks up, so do bond yields, which drives prices of those bonds down. Before the 2008 crisis, consumer prices in Asia were rising at a faster-than-anticipated pace. Investors demanded more compensation for holding paper with fixed-rate returns, and policy-makers raised short-term rates, so yields on sovereign debt surged.  Full Article 

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/Mansi Thapliyal/Files

Why IT, pharma stocks are not pariahs

Expectation that the ongoing general election will throw up a stable government has spurred a return to risk in domestic equities. Assuming a strong government is indeed voted in, will it mean the IT and pharma sectors will become market pariahs? Unlikely, writes Mukesh Agarwal of CRISIL.  Full Article 

John Foley

Graft purges don’t hurt shareholders - insiders do

China Resources chairman Song Lin has been sacked for disciplinary violations, leaving an empire with $150 billion in assets leaderless. Though China’s state-company bosses will quake in their loafers, the damage to investors looks manageable. The real problem is a wider culture that treats outside shareholders as an afterthought.  Full Article