Jet Airways selling stake to Etihad for 20.6 billion rupees
Jet will sell a minority stake to Etihad for 20.6 billion rupees after months of negotiations. India's largest airline by market share said that its board approved the allotment to Etihad of 27.3 million shares at 754.74 rupees each on a preferential basis. Full Article | Quote
Gold rebounds but outlook clouded by lower investment
LONDON - Gold rose on Wednesday as solid physical demand encouraged speculative buying after the previous session's drop, while support also came from weak German economic data, which fanned speculation the European Central Bank could cut interest rates.
Singer Shamshad Begum dead at 94
Shamshad Begum, whose lilting voice charmed fans of Bollywood films for over three decades, has died. Her most memorable songs include ‘Mere Piya Gaye Rangoon' from the 1949 film "Patanga" and 'Leke Pehla Pehla Pyaar' from the 1956 hit "C.I.D." The singer's daughter Usha Ratra told local media that Begum died in Mumbai on Tuesday after a period of declining health. Full Article
For drought-hit states, monsoon may be too late
India may be heading for another bumper grain harvest, if the first forecast for this year's monsoon proves correct, but the rain may be too little - and too late - for southern and western states already parched by the worst drought in four decades. Full Article | Monsoon and GDP
Bangladesh building collapse kills over 70
An eight-storey block housing factories and a shopping centre collapsed on the outskirts of the Bangladeshi capital on Wednesday, killing more than 70 people and injuring hundreds, a government official said. Full Article | Slideshow
New bird strain is "one of most lethal" flu viruses
A new strain of bird flu that has killed 22 people in China is "one of the most lethal" of its kind and is more easily transmissible to humans than an earlier strain that has killed hundreds around the world since 2003, a top World Health Organization (WHO) official said. Full Article
Analysts cut Apple targets on profit decline
Apple's first quarterly profit decline in more than a decade and a soft outlook for the current quarter prompted at least five brokerages to slash their price targets on the iPhone maker's shares by up to $180 per share. Full Article | Buyback hike one sign of Apple middle age
Latest Headlines
Tremors
Earthquake rocks Afghanistan, felt in Pakistan and India
A moderate earthquake of 5.7 magnitude hit Afghanistan on Wednesday and was felt as far away as New Delhi, the latest in a string of tremors to shake Asia in the past week. Full Article
Delhi Child Rape
Police reform debate reignites
While all rape cases do not get media attention, the recent rape of a five-year-old girl is in the limelight, especially because of the way the police handled the case. While lack of proper policing is not solely to blame for rape cases, there’s no denying that India needs an improved police force. Blog | Pictures
Zubeen Garg: not Assamese enough for separatist group
When in Assam, sing like the Assamese do. That was the message from the separatist group ULFA to singer Zubeen Garg. The singer, born in Jorhat in Assam, irked ULFA last week when he sang Hindi songs at a Bihu festival. ULFA didn’t like Garg’s decision to sing in Hindi because its leaders consider doing that an erosion of Assamese culture. Full Article
Bear market a golden opportunity to shore up coffers
The recent run of the gold bears in financial markets has been positive for India’s current account balance. If this continues along with the persistent softness of oil prices, as many expect at least for the short term, it just might give the government the opportunity it needs to implement certain measures that have so far run against popular sentiment. Full Article
Bugged out on gold? Try REITs instead
In the wake of a dramatic goldsell-off over the last two weeks, investors are looking for other ways to hedge against inflation. Investors looking for inflation protection, income and appreciation should instead consider real estate investment trusts (REITs) as worthy alternatives. Column | Slideshow
Australia picks squad for the Ashes
The shallow depth of Australia's cricketing stocks were exposed on Wednesday with selectors being forced to recall two 35-year-olds in an attempt to wrest back the Ashes from England in July. Full Article
FOLLOW US
Reuters India on Facebook
Get the latest news, views and analyses from Reuters India and share with your friends. Like us
 |
India Spending
The emerging middle class in Asia's third largest economy is spending more than ever, and the young are leading the consumer brigade. Slideshow
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
