NEW YORK (Reuters) - U.S. stocks fell at the open on Friday, putting Wall Street on track for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy. The Dow Jones industrial average dropped 61.13 points, or 0.40 percent, to 15,233.37. The Standard & Poor's 500 Index lost 8.19 points, or 0.50 percent, to 1,642.32. The Nasdaq Composite Index fell 18.98 points, or 0.55 percent, to 3,440.44. (Reporting by Chuck Mikolajczak; Editing by Bernadette Baum)
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BA jet makes emergency landing after engine fire ReutersBritish Airways said on Friday a plane travelling from London to Oslo was forced to make an emergency landing after a fault in one of the engines. Video footage on More »
President Pranab concerned over disruptions in legislatures IANSPresident Pranab Mukherjee Friday expressed concern over repeated disruptions in parliament and state legislatures. More »
- Anti-Sikh riot case: Court reserves order on Sajjan Kumar's plea IANS
The Delhi High Court Friday reserved its verdict on Congress leader Sajjan Kumar's plea challenging a trial court order to frame charges against him in a 1984 More »
- Koda surrenders after week-long bail, sent to judicial custody IANS
Ranchi, May 24 (IANS) Former Jharkhand chief minister Madhu Koda, allegedly at the centre of a Rs.2,500 crore money laundering scam, surrendered in a court here More »
- BJP demands Sheila's resignation after Lokayukta charge IANS
New Delhi, May 24 (IANS) The Bharatiya Janata Party's (BJP) Delhi unit Friday staged a sit-in protest near Chief Minister Sheila Dikshit's official residence here, More »
- US drone strikes violate sovereignty, says Pakistan IANS
Islamabad, May 24 (IANS) Pakistani government Friday reiterated its opposition to US drone strikes on its territory, saying the strikes were "counter-productive" More »
- Class 10 student raped in Delhi, accused arrested IANS
New Delhi, May 24 (IANS) A 16-year-old 10th class girl student was raped by her neighbour here, police said Friday. The accused has been arrested. More »
I won't be soft like my mother, says Rahul Gandhi Hindustan TimesCongress vice-president Rahul Gandhi sent out an unusually blunt message to his party colleagues on Thursday, promising to be tougher than his mother in dealing More »
Averse to frisking, Meira Kumar shoots down Ukraine visit Hindustan TimesIndia, May 24 -- Lok Sabha Speaker Meira Kumar shot down a bilateral meet at Kiev after Ukraine refused to exempt her and accompanying six MPs from More »
- Britain scrambles fighter jets to escort Pakistani plane Reuters
LONDON (Reuters) - Britain launched fighter jets on Friday to escort a Pakistan International Airlines plane carrying 297 passengers from Lahore after it was diverted from Manchester, a spokesman for the Defence Ministry said. Flight PK709 from the city of Lahore in Pakistan was due to land at Manchester Airport in north west England at 1230 GMT. The plane was diverted to Stansted airport, east of central London, according to a Manchester Airport spokesman. ...
- Chidambaram says will introduce direct tax code in monsoon session Reuters
MUMBAI (Reuters) - Finance Minister P. Chidambaram said on Friday he would introduce a bill for a direct tax code (DTC) during the monsoon session of parliament. The code, which will replace the existing Indian Income Tax Act 1961, is intended among other things to rationalise tax rates to bring more people and companies under the tax net. The month-long monsoon session of parliament is expected to start in late July. Chidambaram's comments came at an event in Mumbai commemorating the 25th anniversary of the capital market regulator. ...
- UK source says appears Pakistani plane not subject of terror attack Reuters
LONDON (Reuters) - A British security source said early indications suggested that a Pakistan International Airlines plane diverted from Manchester to Stansted Airport on Friday was not the subject of a terror attack. The Defence Ministry said earlier on Friday that it had scrambled fighter jets to escort the plane to Stansted, to the north east of London. A spokesman for Stansted Airport said the plane was being held in an isolated area and that the rest of the airport was operating as normal. (Reporting by Guy Faulconbridge and Brenda Goh, editing by Kate Holton)
- IOC sets September 1 deadline for India to hold elections Reuters
By Sudipto Ganguly MUMBAI (Reuters) - The International Olympic Committee has set India a September 1 deadline for a new election to facilitate the country's return to the Olympic fold. The IOC banned the country in December after refusing to recognise the results of Indian Olympic Association (IOA) elections due to government interference, which led to a tainted official being named its secretary general. ...
- New book asks: Could Germany have a Jewish chancellor? Reuters
By Erik Kirschbaum BERLIN (Reuters) - A new novel about a neo-Nazi plot to assassinate Germany's first Jewish candidate for Chancellor has shed a timely light on the right-wing extremist violence that has plagued the country since 1990 and was swept under the carpet for years. Political thriller "The Jewish Candidate" by British journalist David Crossland has been published just as Germany's September election campaign is heating up and at the start of a trial of a neo-Nazi cell blamed for a spate of racist murders that went undetected for more than a decade. ...
- British police say investigating incident on plane Reuters
LONDON (Reuters) - British police said they were investigating an incident aboard a plane on Friday, after the Defence Ministry said it had scrambled fighter jets to escort a plane from Lahore. "Police and partners are responding," the spokeswoman for Essex police said. The plane is being diverted to Stansted Airport in Essex, to the east of London. (Reporting by Kate Holton; editing by Guy Faulconbridge)
- North Korea says will take "positive steps" for peace Reuters
By Terril Yue Jones and Sui-Lee Wee BEIJING (Reuters) - A North Korean envoy told China's president on Friday that his reclusive country was willing to take "positive actions" to ensure peace and stability on the Korean peninsula, as China steps up diplomatic efforts to bring Pyongyang back to talks. But Choe Ryong-hae, a special envoy of North Korean leader Kim Jong-un, made no offer to abandon North Korea's nuclear programme. The United States insists North Korea takes meaningful steps on denuclearisation before there can be dialogue. ...
- HSBC Chairman urges acceleration of bank reform Reuters
By Steve Slater and Matt Scuffham LONDON (Reuters) - HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from recent scandals had created a "once-in-a-generation" opportunity to reform banking and the broader financial industry. "As a first priority we need to speed up the reform process. ...
- Interview: Pakistan should consider IMF deal after reforms in place - adviser Reuters
By Tomasz Janowski LAHORE, Pakistan (Reuters) - Pakistan's new leadership expects first results of its planned steps to shore up its finances and ease a power crisis in two or three months and only then should decide whether and on what terms to seek an IMF bailout, a senior policy adviser said on Friday. Most economists, lenders and rating agencies say that the nation's finances have reached such a critical stage that a deal with the International Monetary Fund will be necessary and the sooner it comes the better. ...
- Puravankara founder gets bids worth $31 mln in share sale Reuters
MUMBAI (Reuters) - The founder of real estate company Puravankara Projects Ltd got bids worth 1.7 billion rupees by selling shares to meet the market regulator's requirement of having at least 25 percent public shareholding. By 3.30 p.m. (1000 GMT), the single-day sale to investors had received bids for 20.6 million shares at an average price of 81.52 rupees each, provisional data from the Bombay Stock Exchange showed on Friday. Ravi Puravankara, the company's founder, was selling a 6.62 percent stake, or 14.1 million shares, in the company at a floor price of 81 rupees each. ...
- U.S. hints at renewed Iranian sanctions waiver for India Reuters
NEW DELHI (Reuters) - India has made "tremendous progress" in reducing oil imports from Iran, a senior U.S. government official said on Friday, in a sign the South Asian nation is likely to get a third waiver from sanctions imposed by Washington against Tehran's nuclear programme. "All of the data is certainly pointing in a positive direction," U.S. Under Secretary for Political Affairs Wendy Sherman told reporters when asked about a possible waiver to India. U.S. ...
- Blasts, shooting in Kabul Reuters
KABUL (Reuters) - Several large explosions rocked a busy area in the centre of the Afghan capital, Kabul, on Friday with Reuters witnesses describing shooting in the area. There were at least four blasts interspersed by heavy shooting, a Reuters witness said. The first blast was a suicide car bomb and occurred at about 4 p.m. (1130 GMT) near an intersection in the district of Borj-e Sharahah, said Hashmatullah Stanikzai, a spokesman for the Kabul police chief. A Reuters witness described seeing two wounded policemen, though there was no official word on casualties. ...
- BA jet makes emergency landing after engine fire Reuters
By Rhys Jones and Kate Holton LONDON (Reuters) - A British Airways plane with 80 people on board made an emergency landing at London's Heathrow airport on Friday after the right engine burst into flames shortly after take-off and the casing ripped away from the left. The British carrier, part of IAG , said all 75 passengers and five crew members were safe after having been evacuated from the aircraft down emergency chutes on landing. Video footage taken on board the plane as it came into land revealed the silver internal components of the engine. ...
- Travel Postcard: 48 hours in Madrid Reuters
MADRID (Reuters) - Despite its world-class museums, good climate and arguably Europe's best nightlife, Spain's capital, located right in the centre of the country, is often overlooked in favour of its beachside sister, Barcelona. But the fact Madrid is a better-kept secret from the EasyJet crowds is something to celebrate as the city has steered clear of tourist tat and the British pubs of the sun-soaked coasts to hold onto its unique charms that once delighted Ernest Hemingway and friends. Reuters correspondents with local knowledge help visitors get the most out of a weekend trip to the ...
- BJP meet to discuss strategy against UPA regime: Naqvi IANS
New Delhi, May 24 (IANS) The first meeting of the BJP's reconstituted national executive next month will work out strategy for an effective campaign against the UPA government in its last year in office and discuss preparations for the forthcoming assembly polls, party vice president Mukhtar Abbas Naqvi said here Friday.
- IOC sets deadlines for suspended IOA IANS
New Delhi, May 24 (IANS) The International Olympic Committee (IOC) Friday asked the suspended Indian Olympic Association (IOA) to amends its constitution by July 15 and hold fresh elections no later than Sep 1 for getting back to the Olympic fold.
- Suicide bombers, gunmen attack Kabul IANS
Kabul, May 24 (IANS) Suicide bombers and gunmen launched attacks on several targets, including a police station, in Afghanistan capital Kabul Friday evening, leaving casualties, a police source said. The serial bombings were not near the Indian embassy.
- FICCI for regulating betting in sports IANS
New Delhi, May 24 (IANS) FICCI Friday called for regulating sports betting in India in the wake of the cricketing spot fixing scandal.
- Another mobile phone recovered from Sreesanth's female friend IANS
New Delhi, May 24 (IANS) Tainted cricketer S. Sreesanth's interrogation led Delhi Police to another mobile phone which he had gifted to a female friend from the money he earned from spot fixing in this season's Indian Premier League (IPL) matches, said a police official Friday.
- Kerala governor turns commoner at airport IANS
Thiruvananthapuram, May 24 (IANS) Kerala Governor Nikhil Kumar turned a commoner after flying in from New Delhi when Air India failed to open the VIP exit door for him, airport sources said Friday.
- Malayalam actor Mani surrenders, released on bail IANS
Thrissur (Kerala), May 24 (IANS) Ace Malayalam comedian and character artiste Kalabhavan Mani surrendered to police Friday and was presented in a court which released him on bail.
- US decision will not hit capital inflows to India: Montek IANS
New Delhi, May 24 (IANS) India does not depend on short-term borrowings from the US and if the US withdraws its stimulus packages, it will not impact capital inflows in India, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Friday.
- Teacher banned from every school for seducing boy IANS
London, May 24 (IANS) A British teacher who spent two years trying to seduce a male pupil less than half her age has been banned from every school in the country.
- 'Singh Sahab The Great' to come out during Dussehra IANS
Mumbai, May 24 (IANS) Filmmaker Anil Sharma, whose "Singh Sahab The Great" is almost ready, says the Sunny Deol starrer is slated for Oct 11 release, two days before Dussehra.
- NHRC seeks report from UP over women's beating IANS
New Delhi, May 24 (IANS) The National Human Rights Commission (NHRC) Friday sought a report from Uttar Pradesh Police over five women being assaulted in Lalitpur district.
- Another bookie arrested for IPL spot fixing IANS
Hyderabad/New Delhi, May 24 (IANS) Another bookie was arrested Friday in the Indian Premier League (IPL) spot fixing scandal from Hyderabad, Delhi Police sources said.
- Kids' exposure to porn may cause risky sexual behaviour IANS
London, May 24 (IANS) Children accessing pornography are more likely to have sex at a younger age and engage in "risky behaviours", a British report has warned.
- 'Guddi' inspired Sonam for 'Raanjhanaa' IANS
Mumbai, May 24 (IANS) For her role of a schoolgirl in "Raanjhanaa", Sonam Kapoor took inspiration from Jaya Bachchan's popular character in hit movie "Guddi", which too revolved around a schoolgoing teenager.
- 'Karimedu' - spine chilling, realistic IANS
Film: "Karimedu"; Cast: Pooja Gandhi, Raghu Mukherjee, Makarand Deshpande, Ravi Kale, Ravi Shankar, Nisha Kothari, Muni, Karisubbu, Yathiraj and Jaidev; Director: Srinivasaraju; Rating: ***1/2
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