A worker unloads coal from a goods train at a railway yard in Chandigarh July 8, 2014. REUTERS/Ajay Verma/Files

Strong demand for Coal India boosts divestment bid

The government sold a 10 percent stake in state-run behemoth Coal India on Friday, in a bumper sale which saw demand from institutional investors marginally exceed supply, giving a welcome boost to the government's faltering divestment drive.  Full Article 

India revises up 2013/14 GDP growth to 6.9 percent 5:46pm IST

NEW DELHI - India revised up its economic growth to 6.9 percent from 4.7 percent in the fiscal year to March 2014 on Friday after the government changed the formula to measure the economy, a move that will make it easier for the government to meet fiscal deficit goals.

BSE Sensex slumps over 1.5 percent

BSE Sensex slumps over 1.5 percent

The BSE Sensex and Nifty fell more than 1.5 percent after earlier hitting their seventh record high in the past eight sessions as lenders slumped after Bank of Baroda reported a big fall in earnings, while Coal India fell further on the government's stake sale.  Full Article 

Two men make phone calls while standing near a Reserve Bank of India (RBI) crest at the RBI headquarters in Mumbai January 29, 2013. REUTERS/Vivek Prakash/Files

RBI urges companies to hedge FX exposure

The RBI is making extra efforts to spur the country's corporates to more actively hedge their foreign exchange exposure, in order to fortify the country's defences against any risk of currency turmoil. "Corporates are not hedging enough," said a senior policy maker aware of the central bank's thinking.  Full Article 

A passenger stands outside the SpiceJet Airlines ticket counter at the domestic airport on the outskirts of Agartala, November 26, 2012. REUTERS/Jayanta Dey/Files
Aviation

SpiceJet board approves share sale plan

Troubled carrier SpiceJet said its board has approved selling shares worth up to 15 billion rupees ($242.6 million) in the company, following a deal between its current majority owner and a co-founder leading a rescue plan. SpiceJet has been struggling to pay its bills due to a cash crunch and had briefly grounded planes in December.  Full Article 

England's James Taylor swings for the ball during their One Day International (ODI) tri-series cricket match against India at the WACA ground in Perth, Western Australia January 30, 2015. REUTERS/Hamish Blair
Tri-Series in Australia

England reach final after victory over India

James Taylor revived England's wobbly chase to lead them to a three-wicket victory over India which secured a place in the tri-series final against Australia. Taylor (82) added 125 runs with Josh Buttler (67) for the sixth wicket to help England overcome a top-order collapse and chase a 201-run victory target with 19 balls to spare.  Article 

REPRESENTATIVE IMAGE: A child labourer cries after he was rescued during a joint operation by police and a non-governmental organisation (NGO) in New Delhi August 19, 2009. REUTERS/Adnan Abidi/Files
Child Trafficking

Hundreds of child slaves rescued in Hyderabad

Hundreds of children trafficked and enslaved to make bangles have been rescued by police in a series of early morning raids in Hyderabad, NDTV reported. Police found 87 children crammed into a bangle-making workshop in the old city area in the latest raid on Thursday. Five days earlier, police discovered 220 children when they stormed similar workshops in another part of the city  Full Article 

Policemen escort driver Shiv Kumar Yadav (3rd R in black jacket) who is accused of a rape outside a court in New Delhi December 8, 2014. REUTERS/Adnan Abidi/Files

Victim of alleged rape sues Uber in U.S. court

A passenger who said she had been raped by an Uber driver in New Delhi sued the online car service in U.S. federal court, claiming the company failed to maintain basic safety procedures. In the lawsuit, the woman, who resides in Delhi and was not named, called Uber the "modern day equivalent of electronic hitchhiking."   Full Article 

A man walks past a graffiti, denouncing strikes by U.S. drones in Yemen, painted on a wall in Sanaa November 13, 2014. REUTERS/Khaled Abdullah/Files

US drone programme in Yemen faces intel gaps

The U.S. is facing increasing difficulty acquiring intelligence needed to run its stealth drone programme in Yemen, undermining a campaign against the most lethal branch of al Qaeda after Houthi rebels seized control of parts of the country’s security apparatus.  Full Article 

Latest Headlines

D H Pai Panandiker

Why the RBI’s 25 bps rate cut was too little

The 25 bps reduction is not a motivating force and will not revive industrial growth. What is relevant, however, is the change in the RBI’s thinking. If inflation weakens further, more rate cuts will follow. Had the January rate cut been significant, it would have revived India’s stagnant industries. Therefore, the RBI should cut the repo rate by at least 50 bps on Feb.3.  Full Article 

Amit Ganguly

Bowlers put pressure on team India, batting holds key in World Cup

The India cricket team’s opening batsman Shikhar Dhawan has spent more time in the dressing room than the crease lately. The extended poor form of the left-hander, who saw a dream run with his batting back in 2013, is one of the major concerns as India embarks on a journey to defend their cricket world cup title.  Full Article 

Girish Vanvari

Budget 2015: How reforms can help Modi’s “Make in India” campaign

The government’s “Make in India” initiative is being closely followed by Indian companies and foreign investors. A lot of hope rests on the BJP government’s first full-year budget following its victory in last year’s general election as the announcements made by Finance Minister Arun Jaitley will impact the investment cycle.  Full Article 

Life

David Lalmalsawma

India's lone male tenor aims to sing opera in local key

When Anando Mukerjee tells people in India that he's an opera singer, they are intrigued - and impressed. Mukerjee wants to change that. As India's only male tenor performing on the global stage, Mukerjee has made it his mission to demystify opera through live shows, social media and by adapting opera to an Indian context.  Full Article 

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