Regulatory News

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After benefits of cheap oil, India counts cost of reduced Gulf remittances


NEW DELHI Having quit his low-paid job with a contractor in Qatar, electrician Kurian Joseph scrabbles for work each day in his hometown in Kerala, a state that has one of India's highest unemployment rates.

Sensex posts best gain in nearly three months on better monsoon forecast

Indian shares jumped more than 2 percent on Wednesday to post their best gain in nearly three months, as companies with big rural sales rose after a private weather forecaster predicted more monsoon rains than initially estimated.

Top News, 6:26pm IST

New Afghan Taliban leader vows no peace talks in audio recording

ISLAMABAD The Afghan Taliban's newly appointed leader on Wednesday vowed there would be no return to peace talks with the government, in an audio recording provided by the group days after a U.S. drone killed his predecessor, Mullah Akhtar Mansour, in Pakistan.

Top News, World, South Asia 6:33pm IST

Cameron says bids for Tata UK "encouraging"

NAGOYA, Japan/LONDON Tata Steel has received an encouraging number of serious offers for its British assets Prime Minister David Cameron said on Wednesday but also said there were no guarantees of a successful conclusion.

Top News, 5:12pm IST

Banks still resisting rate cuts as liquidity row with RBI drags on

NEW DELHI The Reserve Bank of India (RBI) has stepped up fund injections in the two months since Governor Raghuram Rajan pledged to gradually erase a cash deficit in the financial system, but commercial banks say it is still not enough for them to sharply lower interest rates.

Economy, Top News 4:12pm IST

Samsung Electronics says launching iris-recognition tablets in India

SEOUL South Korean tech giant Samsung Electronics Co said on Wednesday that it is launching a new tablet device in India for government and enterprise use equipped with iris-recognition technology.

Tech, Top News 1:44pm IST

Paying the ultimate price on Mount Everest

KATHMANDU/NEW DELHI On his way down from the top of Mount Everest, Indian mountaineer Nava Kumar Phukon saw the woman sway from side to side - a classic sign of severe mountain sickness - as snow and fog reduced visibility to less than 10 feet (3 metres).

Top News, World, South Asia 5:44pm IST

Sri Lankan flood-hit families left with nothing, Red Cross says in emergency appeal

LONDON (Thomson Reuters Foundation) - Floods in Sri Lanka which have forced more than 350,000 people from their homes have left some families with nothing, the Red Cross said on Wednesday as it launched an emergency appeal to deliver relief to tens of thousands of people in the country.

Top News, World, South Asia 7:33pm IST

Impressive Nishikori races into third round in Paris

PARIS Japan's Kei Nishikori maintained his impressive clay-court form to outclass Russian Andrey Kuznetsov 6-3 6-3 6-3 in the second round of the French Open on Wednesday.

Top News, Japan 7:11pm IST

Microsoft retreats in smartphone battle, 1,850 jobs to go

HELSINKI Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung.

Tech, Top News, 7:20pm IST
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