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Modi moves in to speed up $300 billion stuck projects

NEW DELHI - Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters.

Dealers offer gold discount for first time in five months 6:11pm IST

MUMBAI - Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.

Workers drill at an open cast coal field at Dhanbad district in Jharkhand September 18, 2012. REUTERS/Ahmad Masood/Files
Coal

Coal India workers threaten five-day strike

The labour unions of state-run Coal India Ltd have threatened to go on a five-day strike beginning Jan. 6 to protest government plans to sell off a stake and end the company's monopoly in mining and distribution, officials said.  Full Article 

Members of Sydney's Islamic community hold a candlelight vigil for the victims of the Peshawar School attack, December 18, 2014. REUTERS/Jason Reed

Many Pakistan militants denounce school attack

As Pakistanis unite in grief over the killings of 132 schoolchildren by the Pakistani Taliban, several other militant groups have been quick to condemn the carnage too.  Full Article 

Photo taken from ISRO's official website.
Space Programme

ISRO tests its heaviest space launch vehicle

India's space agency successfully tested its most powerful satellite launch vehicle that can put heavier payloads into space, and, it hopes, win India a bigger slice of the $300 billion global space industry. Once operational, the Geosynchronous Satellite Launch Vehicle (GSLV) Mark III will be able to put satellites weighing about 4 tonnes into orbit, almost doubling India's current capability.  Full Article 

The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014.   REUTERS/Sergio Perez

Uber driver in Boston charged with rape

A driver for ride-sharing company Uber in Boston was charged with the kidnapping and rape of a woman who used the service earlier this month.  Full Article 

Secret of year's "biggest" film is its plot

Secret of year's "biggest" film is its plot

It's the most anticipated Bollywood film of the year and no one knows what it's about. "PK" opens in Indian cinemas on Friday with audiences still in the dark about the film's storyline or why its naive and unworldly protagonist with pointy ears never blinks.  Full Article 

REPRESENTATIVE IMAGE: Ravichandran Ashwin on the fourth day of first test cricket match against New Zealand in Hyderabad August 26, 2012. REUTERS/Vivek Prakash/Files
Cricket

Safe hands Ashwin happy with no slip ups

Ravichandran Ashwin believes India still have work to do in the slip catching department but the lanky off-spinner is delighted that the hard work he has put in fine-tuning his technique is paying off.  Full Article 

Latest Headlines

26/11 Attacks

A SpiceJet passenger plane moves on the runway at the Sardar Vallabhbhai Patel international airport in Ahmedabad January 8, 2014. REUTERS/Amit Dave/Files

SpiceJet rescue is no fix for India aviation woes

SpiceJet’s woes are all too familiar. India is cajoling banks to lend to the country’s second largest single-brand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat of the failure of Kingfisher Airlines. Even if the rescue works, exorbitant fuel taxes and lack of a bankruptcy law will keep the industry stuck in an air pocket.  Full Article 

The logo of car-sharing service app Uber on a smartphone.

Uber’s law flouting could bring joyride to a halt

Uber’s law flouting could bring its joyride to a screeching halt. The taxi app company is covering its drivers’ fines for illegally picking up passengers. That may be just another business expense to a firm that earned a $40 billion valuation by moving quickly and breaking the rules. But the legal, lobbying and public relations costs of reckless behavior are accelerating fast.  Full Article 

Mohamad Bazzi

Saudi Arabia is playing chicken with its oil

Saudi Arabia is once again using its “oil weapon”. The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil - which requires higher prices to remain competitive with conventional production - out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war.  Commentary 

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