Aditya Birla Group Chairman Kumar Birla speaks during Forbes Global CEO Conference in Kuala Lumpur September 14, 2011. REUTERS/Bazuki Muhammad/Files

CBI drops coal scam case against billionaire Birla

The Central Bureau of Investigation (CBI) has closed a coal scam case against billionaire Kumar Mangalam Birla and a former top bureaucrat that emerged in 2012 after an auditor's report on revenue loss to the exchequer from allocations of coal blocks.  Full Article 

Six killed in attack on Afghan intelligence agency 10:33am IST

JALALABAD Afghanistan - At least six people were killed and dozens wounded when a suicide car bomber and Taliban gunmen attacked an office of the Afghan intelligence agency in the eastern city of Jalalabad on Saturday, officials said.

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

Coal stocks lowest since 2012 blackouts

Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when hundreds of millions of people were cut off in one of the world's worst blackouts. There was a sharp fall in power output on Thursday from a plant in Gujarat that left India more than 9,000 megawatts short of peak demand.  Full Article 

A Pro-Russian separatist walks past a destroyed tank at Savur-Mohyla, a hill east of the city of Donetsk, August 28, 2014. REUTERS/Maxim Shemetov

Ukraine seeks to join NATO; Putin defiant

Ukraine called for full membership in NATO, its strongest plea yet for Western military help, after accusing Russia of sending in armoured columns that have driven back its forces.  Full Article 

The Microsoft logo is seen at their offices in Bucharest March 20, 2013. REUTERS/Bogdan Cristel/Files
Technology

Microsoft will not hand over overseas email

A judge on Friday lifted a suspension on her order directing Microsoft Corp to turn over a customer's emails stored overseas to U.S. prosecutors, but the software company said it would not release any emails while it appeals the ruling.  Full Article 

A labourer works at a rice mill in Ranibazar, about 20 km (12 miles) west of Agartala, June 7, 2008. REUTERS/Jayanta Dey/Files
The Indian Way

In India, rice replaces ice in bucket challenge

The famous "ice bucket" challenge is inspiring thousands of Indians to follow suit, but with a twist - they are replacing ice with rice in a bid to help the country's vast population of poor, hungry people. The challenge, going viral on social media, involves donating a bucket of rice to someone in need and clicking a picture to share online, with a tag #RiceBucketChallenge, to raise awareness.  Full Article 

Movie Review: Raja Natwarlal

Movie Review: Raja Natwarlal

“Raja Natwarlal” is a flimsily written and half-heartedly directed film, which falls short of its lofty ambitions because no one associated with it seems to have any concern for detailing or authenticity on celluloid. Emraan Hashmi seems to have got the role down pat, and doesn’t feel the need to do anything extra. The script holds Paresh Rawal and Kay Kay Menon down, writes Shilpa Jamkhandikar.  Full Article 

Roger Federer of Switzerland returns a shot to Sam Groth of Australia in their men's singles match at the 2014 U.S. Open tennis tournament in New York August 29, 2014. REUTERS/Shannon Stapleton

Roger Federer serves up win over Groth

Second seed Roger Federer served up a tidy 6-4 6-4 6-4 win over Australian Sam Groth to ease into the third round of the U.S. Open and continue his march towards an 18th grand slam title.  Full Article 

Latest Headlines

Robert Cyran

Snapchat’s valuation soars on tech-land pixie dust

Snapchat’s valuation is soaring on tech-land pixie dust. The disappearing-photo business has turned 100 million users, strong demand for chat services and the $20 million sale of a tiny equity stake into a $10 billion price tag. Trouble is, the company lacks revenue – and none is in sight. It’s a reminder that Silicon Valley dreams often trump real economics.  Full Article 

Andy Mukherjee

Supreme Court order adds urgency to India’s coal crunch

The two-decades-old practice of selectively allocating mines to metal, cement and power producers is illegal, the court ruled. The judges have not yet decided what punishment to hand out. But investors are prepared for the worst, and for good reason: two years ago, the court cancelled the underpriced sale of telecom spectrum, quashing all 122 licenses in one go.  Full Article 

McLaren Mercedes team members dump buckets of ice water onto Formula One driver Lewis Hamilton of Britain as he takes part in the "Ice Bucket Challenge" after the first practice session at the Belgian F1 Grand Prix in Spa-Francorchamps August 22, 2014. REUTERS/Stringer

Roche’s $8 billion bet outsmarts ice-bucket challenge

Dumping cold water on heads, the social-media phenomenon now boosting research on amyotrophic lateral sclerosis (ALS), is a great way to raise charitable cash. But the drug made by Roche’s target, InterMune, treats an obscure yet equally fatal disease with more sufferers.  Full Article 

Prime Minister Narendra Modi waves as he leaves after the commissioning ceremony of warship, INS Kolkata at a naval base in Mumbai August 16, 2014. REUTERS/Danish Siddiqui

Asia’s top-down corporate reforms vary in promise

Asia is in the throes of a top-down corporate reform drive. Newish leaders in China, India, South Korea and Japan are pushing to overhaul the way companies work. But investors eyeing better returns will find not all reforms are equal. India has failed over the years to revive its tired state-owned enterprises despite selling off minority stakes in companies.  Full Article 

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