As India booms, social welfare struggles to catch up (Reuters) Posted: 19 Apr 2010 05:01 PM PDT Reuters - The government is spending billions of dollars on welfare schemes, and plans even more this year. But that is news to Poona, whose daughter may soon die from that stain on India's growth story -- malnutrition. |
Govt launches probe into IPL cricket tournament (Reuters) Posted: 19 Apr 2010 10:11 AM PDT Reuters - The authorities have begun an investigation into the financing of the Indian Premier League (IPL), the finance minister said on Monday, following allegations of corruption in the world's richest cricket tournament. |
100 million more Indians now living in poverty (Reuters) Posted: 18 Apr 2010 11:34 PM PDT Reuters - India now has 100 million more people living below the poverty line than in 2004, according to official estimates released on Sunday. |
European flights resume, new ash cloud on horizon (Reuters) Posted: 19 Apr 2010 04:13 PM PDT Reuters - Flights from large parts of Europe are set to resume on Tuesday under a deal agreed by the European Union to free up airspace closed by a cloud of ash hurled into the sky by an Icelandic volcano. |
New Delhi Commonwealth Games will be safe - organisers (Reuters) Posted: 19 Apr 2010 04:31 AM PDT Reuters - Organisers of this year's Commonwealth Games in New Delhi have promised tight security during the October event after bomb blasts in Bangalore at the weekend raised safety concerns. |
Tata Consultancy Q4 beats forecast, sees fee rise (Reuters) Posted: 19 Apr 2010 08:37 AM PDT Reuters - Tata Consultancy Services posted its best quarterly growth in three years on a rebound in technology spending and expects fees to rise this year, galvanising hopes of a recovery in the sector. |
RBI puts inflation in focus ahead of monetary policy review (Reuters) Posted: 19 Apr 2010 08:09 AM PDT Reuters - The Reserve Bank of India (RBI), which until recently had focused monetary policy largely on encouraging economic recovery, said on Monday the weight of policy balance may have to shift to containing high inflation. |
Bomb in Pakistani city of Peshawar; 23 dead - police (Reuters) Posted: 19 Apr 2010 08:30 AM PDT Reuters - A suicide bomber attacked Pakistani police guarding a protest rally against power cuts in the city of Peshawar on Monday killing 23 people, police and government officials said. |
Hero Honda sees margin pressure, Q4 solid (Reuters) Posted: 19 Apr 2010 07:45 AM PDT Reuters - Hero Honda Motors Ltd, the country's largest bike maker, cautioned that rising commodity prices, inflation and interest rates could hit margins after quarterly net profits rose 49 percent, beating forecasts. |
3G bids up 73 pct from base on auction 8th day (Reuters) Posted: 19 Apr 2010 08:43 AM PDT Reuters - Bids for a nationwide third-generation (3G) mobile spectrum licences rose 73 percent above the base price to 60.68 billion rupees ($1.36 billion) on the eighth day of an auction, government data showed on Monday. |
EU ministers strike deal to restart flights (Reuters) Posted: 19 Apr 2010 01:20 PM PDT Reuters - The European Union reached a deal on Monday to gradually lift flight restrictions imposed because of an ash cloud from an Icelandic volcano, under pressure from frustrated airlines losing $250 million a day. |
Gulf states should boost migrant workers' rights - U.N. (Reuters) Posted: 19 Apr 2010 07:45 AM PDT Reuters - Gulf Arab countries must end their sponsorship system for migrant workers that leaves labourers beholden to employers and exposed to potential abuse, the U.N. High Commissioner for Human Rights said on Monday. |
BG says keen to pull out of ONGC's KG block (Reuters) Posted: 19 Apr 2010 08:21 AM PDT Reuters - British gas producer BG Group on Monday said it was keen to exit an exploration block off India's east coast operated by Oil and Natural Gas Corp, becoming the second foreign firm to make such a move. |
Toyota agrees to pay $16.4 mln U.S. fine (Reuters) Posted: 19 Apr 2010 07:21 AM PDT Reuters - Toyota Motor Corp has agreed to pay a record $16.4 million fine to U.S. safety regulators for delaying a massive recall over defective accelerator pedals, the regulator said on Monday. |
Airline body seeks moves to reopen Europe airspace (Reuters) Posted: 19 Apr 2010 07:16 AM PDT Reuters - Airline industry group IATA called on Monday for steps to reopen European airspace shut down by a volcanic ash cloud and the European Commission said it may approve compensation for airlines losing $250 million a day. |
Everest "death zone" set for a spring clean up (Reuters) Posted: 19 Apr 2010 12:35 AM PDT Reuters - Twenty Nepali climbers are setting off to Mount Everest this week to try and remove decades-old garbage from the mountain in the world's highest ever clean-up campaign, organisers said on Monday. |
Citigroup turns in $4.4 bln Q1 profit (Reuters) Posted: 19 Apr 2010 07:15 AM PDT Reuters - Citigroup Inc posted a $4.43 billion first-quarter profit as it set aside less money to cover credit losses. |
Pakistan sidelines some officials after Bhutto report (Reuters) Posted: 19 Apr 2010 04:11 AM PDT Reuters - Pakistan has sidelined eight officials, including policemen, responsible for the security of slain former prime minister Benazir Bhutto after a U.N. report said she was poorly protected, a spokesman said on Monday. |
Parliament resumes after cricket cash row (Reuters) Posted: 19 Apr 2010 02:58 AM PDT Reuters - The parliament resumed business on Monday with the government hoping to secure passage of the budget and other reform bills after days of turmoil ended with the resignation of junior foreign minister Shashi Tharoor over corruption allegations. |
In Asia, Goldman clients stay loyal for now (Reuters) Posted: 19 Apr 2010 03:38 AM PDT Reuters - For now, clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped charges against the Wall Street powerhouse over its marketing of a subprime mortgage product. |