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Stock options, new blood as India's state banks ready for change

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MUMBAI, - State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector.

Cabinet clears ordinance to extend land reforms

NEW DELHI - The Union Cabinet cleared a new ordinance on land purchases on Tuesday, government officials said, extending measures to make transactions easier that Prime Minister Narendra Modi has been unable to get onto the statute book.

Top News, 31 Mar 2015

Heavy rains trigger flood fears in Kashmir; 17 dead

SRINAGAR, India - Heavy rains and a landslide in the Himalayan region of Kashmir killed 17 people, police said on Tuesday, as authorities continued working to rescue stranded villagers, with unseasonal rains raising fears of flash floods in the mountainous north.

31 Mar 2015

India acts to reduce cost of urea supplies to farmers

NEW DELHI - The Union Cabinet approved a move on Tuesday to supply gas for urea production at a uniform price to fertiliser plants through a pooling mechanism, lowering costs and boosting production of India's most widely consumed fertiliser.

Top News, 31 Mar 2015

Bad memories: Private equity funds go slow in India

MUMBAI - A number of private equity investors are giving India a wide berth, put off by soaring valuations. Indeed, they are still trying to exit expensive investments made months before the 2008 global crisis erupted.

Top News, 31 Mar 2015

RIL signs production sharing pact for offshore blocks in Myanmar

MUMBAI - Indian oil and gas major Reliance Industries said on Tuesday it had signed an agreement with Myanmar for a production sharing contract for two offshore blocks.

Top News, 31 Mar 2015

Iran nuclear talks miss deadline; Russia says 'key aspects' agreed

LAUSANNE, Switzerland - Six world powers and Iran missed a Tuesday deadline to reach an outline accord reining in Tehran's nuclear programme, extending talks into an extra day as they edged toward a deal but failed to agree crucial details such as the lifting of U.N. sanctions. | Video

Top News, World 7:06am IST

Heavy clashes on Saudi-Yemeni border; Hadi government pleads for troops

ADEN - Saudi troops clashed with Yemeni Houthi fighters on Tuesday in the heaviest exchange of cross-border fire since the start of a Saudi-led air offensive last week, while Yemen's foreign minister called for a rapid Arab intervention on the ground.

World, Yemen, Top News 12:48am IST

Vistara plans to expand into international routes

GURGAON - Vistara plans to expand its fleet size and start flying to overseas destinations within two years, the airline's CEO said on Tuesday, ahead of an expected change in rules that could allow new carriers to operate abroad.

NZ's Mills follows Vettori into retirement

WELLINGTON - Pace bowler Kyle Mills has followed team mate Daniel Vettori into retirement from international cricket after New Zealand's loss to Australia in Sunday's World Cup final.

8:15am IST
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