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Sun Pharma slumps most in near six years on Daiichi's share sale

MUMBAI - Shares in Sun Pharmaceutical Industries Ltd slumped as much as 10.9 percent on Tuesday, heading towards their biggest daily fall since June 2009 after Japan's Daiichi Sankyo Co Ltd started selling its stake in the Indian drugmaker.

India to auction 69 marginal fields owned by ONGC, Oil India - official 12:43pm IST

NEW DELHI - India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp and Oil India Ltd, the country's oil secretary said on Tuesday.

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. REUTERS/Mansi Thapliyal/Files

HCL Tech net profit up 3.6 pct, lags estimates

HCL Technologies Ltd, India's fourth-largest software services exporter by revenue, reported a 3.6 percent rise in quarterly net profit on Tuesday, lagging street estimates as margins dropped due to currency volatility.  Full Article 

Rupee notes of different denominations are seen in this picture illustration taken in Mumbai April 30, 2012. REUTERS/Vivek Prakash/Files
Forex

RBI's rupee management dents hedging push

The Reserve Bank of India's intervention to temper the rupee's rise is inflating foreign exchange hedging costs, impeding its own efforts to bolster Corporate India's defences against potential currency turbulence. The rush of foreign money coming into Asia's third-biggest economy is putting the central bank in a tight spot, forcing it to buy dollars in the spot market and sell them in the forward market.  Read 

A wooden sign (C) which reads 'Prime Minister Shinzo Abe' is seen on a ritual offering, a masakaki tree, from Abe to the Yasukuni Shrine, inside the main shrine as a visitor prays at the front shrine in Tokyo April 21, 2015. REUTERS/Issei Kato

Abe makes ritual offering at Yasukuni shrine

Japanese Prime Minister Shinzo Abe sent a ritual offering on Tuesday to a Tokyo shrine for war dead, a senior spokesman said, a day before he hopes to meet Chinese President Xi Jinping on the sidelines of a leaders' summit in Jakarta.  Full Article 

Australian freelance photojournalist Daniel Berehulak poses for a portrait in Grand Central Terminal in Midtown, New York on April 20, 2015. REUTERS/Adrees Latif
Journalism

NYT wins Pulitzer prizes for Ebola coverage

The New York Times won two Pulitzer prizes on Monday for coverage of the Ebola outbreak in West Africa, described by the Pulitzer board as courageous and vivid journalism that engaged the public and held authorities accountable. The Pulitzer for Public Service, announced at Columbia University, went to Charleston, South Carolina's Post and Courier for its series on domestic violence.  Full Article 

Followers of the Houthi group raise their weapons as they demonstrate against an arms embargo imposed by the U.N. Security Council on the group in Sanaa April 16, 2015.  REUTERS/Mohamed al-Sayaghi
Middle East

Houthi fighters have tough record in ground war

It's an exercise in futility: Houthis fire rifles at Saudi F-15 jets thundering overhead. But the guerrillas' Kalashnikovs would be more formidable if Saudi Arabia decides to fight a ground war.  Full Article 

Babies crawl around on the track before the "Diaper Derby" event in New York August 1, 2014. REUTERS/Carlo Allegri/Files

MRI study says babies feel pain "like adults"

The brains of babies "light up" in a similar way to adults when exposed to the same painful stimulus, suggesting they feel pain much like adults do, researchers said on Tuesday.  Full Article 

Bobbi Kristina Brown, daughter of the late singer Whitney Houston, poses at the premiere of 'Sparkle' in Hollywood, California August 16, 2012. REUTERS/Fred Prouser/Files

Prognosis unclear for Bobbi Kristina's health

Bobbi Kristina Brown is expected to live a long life, but her prognosis remains unclear, an attorney for her father said on Monday, months after being found unresponsive in her bathtub.  Full Article 

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Views and Expert Opinion with Sankalp Phartiyal

    Cinema

    Radhika Apte

    A Minute With: Radhika Apte

    Radhika Apte came under the spotlight after playing a protective wife in “Badlapur” and a city girl in “Hunterrr”. She speaks to Reuters about her films, Ekta Kapoor, and why she doesn’t mind vegetating without work once in a while.   Full Article 

    Una Galani

    Tax shockers ramp up India investor risk premium

    India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.  Full Article 

    Richard Beales

    Bloomberg outage highlights another bank weakness

    Bloomberg’s global outage on Friday highlights yet another banking sector weakness. The financial data network’s downtime may have been a problem only for the richest fraction of the top 1 percent. But it prompted enough worry for the Bank of England to remind banks that it’s there as a lender of last resort, raising questions about traders’ heavy reliance on a few fallible systems.  Full Article 

    Aditi Shah

    100 ‘smart cities’? Getting just one done will be a challenge

    PM Narendra Modi’s plan to build 100 "smart cities" by 2022 to decongest existing urban centres probably will take longer to achieve. Reuters visited the foundations of one of these cities in Gujarat, a finance centre called Gujarat International Finance Tec-City (GIFT), and interviewed the CEO of the company executing the project.  Full Article | India builds first 'smart' city 

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