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Rupee slumps to record low; closes in on 60/dollar
The rupee slumped to a record low of 59.9850 on Thursday as India's record high current account deficit is exacerbating its vulnerability in an emerging market rout, although interventions by RBI prevented further falls. Full Article | RBI defending rupee
Wall St plunges, S&P posts biggest drop since Nov 2011
NEW YORK - U.S. stocks fell more than 2 percent on Thursday, extending the previous day's sharp decline as investors fretted over the Federal Reserve's plan to begin reducing its stimulus later this year if the economy strengthens.
- BSE Sensex falls more than 500 points on Fed; flows key
- Top banks named in ex-trader Hayes' Libor charges
- Madoff trustee cannot sue big banks, U.S. court rules
- New Masters of the Universe? Banks see future in IT hires
India sets up system to tap phone calls, e-mail
India has launched a wide-ranging surveillance programme that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. Full Article
India may have to wait to join nuclear body
Some states appear to be sceptical about letting nuclear-armed India into an influential body regulating sensitive atomic trade, diplomats said, suggesting Indian membership may not be imminent. The U.S., Britain, France are among countries pushing for allowing India to join the 48-nation Nuclear Suppliers Group (NSG), a move that would boost the Asian nation's status as an atomic power. Full Article
Kejriwal's party readies for election with reforms
The Aam Aadmi Party (AAP) is gearing up for Delhi election this year with an array of candidates chosen for their honesty. With graft scandals embarrassing Congress and BJP, the AAP is taking a more grassroots approach to the problem: weed out the bad ones before they become electoral candidates. Will this new approach work for him, asks Shashank Chouhan. Blog
Violence against women a "global epidemic"
More than a third of all women worldwide are victims of physical or sexual violence, posing a global health problem of epidemic proportions, a WHO report said. The vast majority of women are abused by their husbands or boyfriends, and common health problems they suffer include broken bones, pregnancy complications, depression and other mental illnesses, the report said. Full Article
Afghan peace bid stumbles on protocol row
A fresh effort to end the Afghanistan war looked in trouble after a spat about the Taliban's new Qatar office delayed preliminary discussions between U.S and Islamist insurgents. Full Article | Insight
Latest Headlines
- India sets up elaborate system to tap phone calls, e-mail
- Rupee slumps to record low; closes in on 60/dollar
- Monsoon rains could ease soon
- Stocks, bonds, commodities slump on Fed comments
- Wall St. plunges, S&P posts biggest drop since Nov 2011 |
- Dollar gains across the board on Fed outlook, U.S. data
- Violence against women causes "global health epidemic", says WHO report
- Archaeologists discover lost Maya city in Mexican jungle
- Egyptian court frees Mubarak-era prime minister Nazif
- Nokia M&A talk stirs share valuation rethink
- Facebook rolls out video for Instagram
- U.S. should review practices of 'patent trolls' - FTC head
- China, euro zone threaten U.S.-led economic recovery
- Bernanke says Fed likely to reduce bond buying this year
- India has no plan to increase H1 inflation-linked bond issuance - source
- Sprint raises Clearwire bid, wins key investor support
- Senators urge inclusion of food safety in Smithfield review
- Bankers prepare 500 million pound debt to back Domestic & General sale
India beat Sri Lanka in semi-final
World champions India outplayed Sri Lanka in all departments of the game on Thursday to advance to the final of the Champions Trophy against hosts England. Full Article | See pictures
What does Apple really owe taxpayers? A lot.
Even as Apple sizzles in the Senate hot seat for alleged tax evasion and finds itself the object of a Justice Department investigation into price-fixing e-books, the company still enjoys a vast reservoir of good faith with the American people. Commentary
British artist Taylor-Johnson to direct '50 Shades' film
British artist and filmmaker Sam Taylor-Johnson was named as the director of a film adaptation of EL James' hit erotic novel "Fifty Shades of Grey", ending months of speculation about the project. Full Article
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