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India

Jayalalithaa buried, Panneerselvam named successor to unite AIADMK

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CHENNAI Masses of grieving supporters wailed, beat their chests and cast flowers on Tuesday as actress-turned-politician Jayaram Jayalalithaa, one of India's most powerful leaders, was buried on the shorefront in Chennai. | Video

Train crash kills two in West Bengal, renewing network safety fears

NEW DELHI A train ran off the tracks in West Bengal, killing at least two people and injuring six, a railways spokesman said on Wednesday, reviving concerns about safety just weeks after a crash that killed about 150 people.

Indian stock market outlook downgraded as banknotes ban hits economy - Reuters poll

BENGALURU Sensex is expected to rise next year but it may not scale record highs predicted a few months back, a Reuters Poll showed, mainly because Prime Minister Narendra Modi's shock currency ban is seen knocking economic growth in the next few quarters.

Sensex edges higher on rate cut hopes

Indian shares edged up on Wednesday on hopes the central bank would cut interest rates later in the day as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.

India seeks nod to up net spending by $5.2 billion

NEW DELHI Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by 351.7 billion rupees ($5.2 billion) in the current fiscal year that ends in March 2017.

Over 50 dead, dozens missing after quake hits Indonesia's Aceh

PIDIE JAYA/JAKARTA, Indonesia The death toll from a strong earthquake that hit northern Indonesia's Aceh province on Wednesday has doubled to at least 50, Indonesia's disaster agency said, as rescuers searched dozens of collapsed buildings for trapped survivors.

Modi's cash clampdown gamble may force RBI to cut rates

MUMBAI An intense cash shortage in India could force the central bank to cut interest rates to a six-year low on Wednesday as Prime Minister Narendra Modi's currency gamble threatens to hit nearly every aspect of the economy, from consumers to supply chains.

Bangladesh upholds death sentences over 2004 attack on British envoy

DHAKA Bangladesh's Supreme Court upheld death sentences on Wednesday for three members of an outlawed Islamist militant group in connection with a grenade attack on the British ambassador in 2004.

Britain fines Pfizer record $107 mln for huge drug price hike

LONDON Britain's competition watchdog has fined Pfizer a record 84.2 million pounds ($106.5 million) for its role in ramping up the cost of an epilepsy drug by as much as 2,600 percent.

Monitor says Syrian army seizes Aleppo Old City from rebels

BEIRUT A war monitor said on Wednesday the Syrian army had seized control of all parts of the Old City of Aleppo which had been held by rebels, part of an advance which has seen insurgents lose around two thirds of their main urban stronghold over the past two weeks.