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India eases gold import rule in surprise move

MUMBAI - India has scrapped a rule mandating traders to export 20 percent of all gold imported into the country, in a surprise move that could cut smuggling and raise legal shipments into the world's second-biggest consumer of the metal after China.

U.S. crude down 10 pct post-OPEC, Brent breaks below $70 2:21am IST

NEW YORK - U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC's decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.

A crowd gathers at a scene of multiple bombings at Kano Central Mosque November 28, 2014. REUTERS/Stringer

Bombs, gunfire kill 81 at mosque in Nigeria

Gunmen set off three bombs and opened fire on worshippers at the main mosque in north Nigeria's biggest city Kano on Friday, killing at least 81 people, witnesses and officials said.  Full Article 

A cashier (L) counts currency notes as customers wait inside a bank in Hyderabad March 22, 2010. REUTERS/Krishnendu Halder/Files
Deal Talk

After Kotak deal, more bank takeovers on cards

India is set for more banking acquisitions after a record $2.4 billion takeover last week ended four years of a deals drought, as lenders fight for market share and wider reach amid looming competition from a new breed of players.  Full Article 

A sign (in white) by the Islamic State is seen in the city of Mosul July 21, 2014. The sign reads, "The State of Nineveh. Islamic police. Security monitored section of bridges". REUTERS/Stringer/Files
Fighting the Islamic State

India says no contact with 39 men held by IS

India has had no contact with 39 men missing in Iraq since June, but believes them to be alive, the foreign minister said on Friday, distancing herself from a report that suggested they had been killed by Islamic State militants.  Full Article 

Sixty-four-year-old Zafar Ahmed, receives treatment at a clinic supported by Bhopal Medical Appeal in Bhopal November 14, 2014. REUTERS/Danish Siddiqui
Bhopal Gas Tragedy

Bhopal's toxic legacy lives on after 30 years

On the night of Dec. 2, 1984, a factory owned by the U.S. multinational Union Carbide Corp accidentally leaked cyanide gas into the air, killing thousands of largely poor Indians in Bhopal. Thirty years later, the toxic legacy of this factory lives on, say human rights groups, as thousands of tonnes of hazardous waste remains buried underground.  Read 

Messages and flowers of tribute to Australian cricketer Phillip Hughes can be seen outside the Cricket New South Wales headquarters located at the Sydney Cricket Ground (SCG) November 28, 2014. REUTERS/David Gray

Hughes death: Ponting against first India test

Former captain Ricky Ponting does not think it would be right for Australia's first test against India in Brisbane next week to go ahead following the death of Phillip Hughes.  Full Article | NZ vs Pakistan 

A Muslim boy sleeps on the lap of his father in Chennai July 4, 2014. REUTERS/Babu/Files

India gets new Islamic equity fund

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives. India's 175 million Muslims are unable to use Islamic banks because of laws requiring banks to charge interest, which is forbidden in Islam.  Full Article 

Health workers work at an Ebola treatment center in Bamako, Mali, November 13, 2014. REUTERS/Joe Penney
Ebola Outbreak

Liberia poll campaign suspended over Ebola

Liberia's Supreme Court suspended campaigning for next month's senate election while it considers a petition warning that electioneering risks spreading the Ebola outbreak.  Full Article 

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Bengali household name Jamini Roy’s paintings

Bengali household name Jamini Roy’s paintings

In his quest for an Indian identity, painter Jamini Roy rebelled against the British academic training and took to the local, folk idiom. Broad brush strokes, simple forms, stretched eyes, decorative borders and use of flat colours are the dominant motifs in an exhibition of the artist’s works being displayed in Delhi.  Full Article 

India Insight

Nandita Das

A Minute With: Nandita Das

Nandita Das might be one of the few Indian actors known outside of India, but she isn’t sure that she wants to be identified as an actor. Das has myriad interests besides acting and directing, the latest of which is CinePlay, a new venture started by her husband. In a telephone interview from the United States, Das spoke about CinePlay and why she isn’t doing too many films.  Read interview 

Forever21

Forever21 sets sights on Indian cities, but please hold the hot pants

Reuters spoke to Timmy Sarna, managing director of DLF Brands, which runs the operations of “fast-fashion” clothing store Forever21 in India. Sarna discussed the recent opening of Forever21’s first store in Bangalore, why store shopping beats online shopping for now, and the company’s expansion plans for Hyderabad, Pune and other cities.  Full Article 

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