Yahoo! News India

  • China, India agree on roadmap to balance trade ties: premier Reuters
    China, India agree on roadmap to balance trade ties: premier

    NEW DELHI (Reuters) - China and India have agreed on a roadmap to reach a "dynamic balance" in bilateral trade between the two nations, China's Premier Li Keqiang said on Monday, following Indian complaints about the size of the trade deficit with its neighbour. (Reporting by Rajesh Kumar Singh; Writing by Matthias Williams; Editing by Frank Jack Daniel)

  • CORRECTED - Little sign Abe can shake up Japan's inbound FDI Reuters
    CORRECTED - Little sign Abe can shake up Japan's inbound FDI

    (Corrects third from last paragraph to show Renault took a stake in Nissan) By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic revival plan, which so far has been largely met with approval. The stock market has rallied 45 percent this year and Abe's approval ratings are around 70 percent. ...

  • Car bombs kill at least 31 in Iraq Reuters

    BAGHDAD (Reuters) - At least 20 people were killed by a series of car bombs in mainly Shi'ite districts of the Iraqi capital, Baghdad, on Monday and 11 others were killed by attacks in the southern city of Basra, police and medics said. Scores of people have been killed in attacks over the past week as tensions between minority Sunni Muslims and Shi'ites who now lead Iraq have reached their highest level since U.S. troops pulled out in December 2011. Eight car bombs in mainly Shi'ite districts of the Iraqi capital, Baghdad, killed at least 20 people on Monday, police and medics said. ...

  • Nikkei hits new 5-1/2-year high on weak yen, signs of improving economy Reuters
    Nikkei hits new 5-1/2-year high on weak yen, signs of improving economy

    By Ayai Tomisawa TOKYO (Reuters) - The Nikkei share average surged to a fresh 5-1/2 year high on Monday, buoyed by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months. Signs of an improving U.S. economy and Wall Street's record closing high on Friday cemented the positive mood in markets. The Nikkei climbed 1.5 percent to 15,360.81, the highest closing mark since December 2007. During the day, the index rose as high as 15,381.74, the highest level for the same period. ...

  • World shares near five-year high Reuters
    World shares near five-year high

    By Marc Jones LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/2 low. Data last week that showed U.S. consumer sentiment at its strongest in nearly six years continued to support equity markets. MSCI's world index is at its highest since June 2008 as top European shares started the week up 0.2 percent. With risk appetite dominating, safe-haven German Bunds fell 45 ticks, while gold, also pressured by signs the U.S. ...

  • Bombs kill at least 20 in mainly Shi'ite areas of Iraq capital - police, medics Reuters

    BAGHDAD (Reuters) - Eight car bomb blasts in mainly Shi'ite districts of the Iraqi capital, Baghdad, killed at least 20 people on Monday, police and medics said. Earlier, at least 10 people were killed in two car bomb explosions in the predominantly Shi'ite southern city of Basra, 420 km (260 miles) southeast of Baghdad. (Reporting by Kareem Raheem; Editing by Angus MacSwan)

  • Two bombs kill 11 in Iraq's southern city of Basra - police, medics Reuters

    BASRA, Iraq (Reuters) - Two car bomb blasts in Iraq's predominantly Shi'ite southern oil hub of Basra killed at least 11 people early on Monday, police and medics said. (Reporting by Aref Mohammed; Editing by Catherine Evans)

  • Chinese premier seeks trust in India, border issue irks Reuters
    Chinese premier seeks trust in India, border issue irks

    By Frank Jack Daniel NEW DELHI (Reuters) - Chinese Premier Li Keqiang is seeking to build trust with India on his first foreign trip since taking office, which comes just a few weeks after a military standoff between the Asian giants on their ill-defined border in the Himalayan mountains. The number two in the Chinese leadership offered India a "handshake across the Himalayas" in an editorial published on Monday in The Hindu newspaper and said that together the emerging economic giants could become a new engine of the world economy. ...

  • Mahindra gains on earnings hopes of Korea unit Reuters
    Mahindra gains on earnings hopes of Korea unit

    Reuters Market Eye - Shares in Mahindra and Mahindra Ltd gain 3.8 percent, after stocks of its subsidiary Ssangyong Motor Co Ltd hit a 16-month high, dealers say. Shares in Ssangyong Motor jumped as much as 13.5 percent on Monday amid expectations the ailing automaker may post a profit this year. Ssangyong Motor's factory utilisation and sales were growing faster than expected, and the company was seen returning to profit this year, said Yang Hee-joon, an analyst at Taurus Investment & Securities, in a note on Monday. Mahindra and Mahindra will raise its holding in Ssangyong Motor to 72. ...

  • Gold futures to fall past one-month low Reuters
    Gold futures to fall past one-month low

    MUMBAI (Reuters) - Gold futures in India are likely to fall past their lowest level in a month, weighed by expectations of a strong dollar, dimming the yellow metal's appeal as an alternative investment. At 12.22 p.m., the actively traded gold for June delivery on the Multi Commodity Exchange (MCX) was 1.61 percent lower at 25,420 rupees per 10 grams. It earlier dropped to 25,373 rupees, a level last seen on April 18. "The trend will continue to be bearish. ...

  • Pakistan holds news conference to say can't end power blackouts Reuters
    Pakistan holds news conference to say can't end power blackouts

    ISLAMABAD (Reuters) - Two Pakistani ministers in charge of water and power explained what can be done to end power cuts of up to 20 hours a day in parts of the country enduring temperatures of 40 degrees Celsius and above - absolutely nothing, it seems, except raise prices. The power shortages have sparked violent protests and crippled key industries, costing hundreds of thousands of jobs in a country already beset by high unemployment, a failing economy, widespread poverty and a Taliban insurgency. ...

  • Jon Stewart's humour a hit with millions of envious Chinese Reuters
    Jon Stewart's humour a hit with millions of envious Chinese

    By Jane Lee SHANGHAI (Reuters) - Humor may not always translate well, but Jon Stewart is picking up millions of fans in China, where his gloves-off political satire is refreshing for many in a country where such criticism is a rarity - especially when directed at their own leaders. A recent segment on North Korea scored over 4 million views on microblogger Sina Weibo, and even stodgy state broadcaster CCTV has used Stewart's "The Daily Show" in a report, though they wouldn't let a Chinese version of him near their cameras. ...

  • Morgan Stanley to sell India wealth management unit to StanChart Reuters
    Morgan Stanley to sell India wealth management unit to StanChart

    REUTERS - Morgan Stanley said on Monday it has signed an agreement to sell its Indian wealth management unit to Standard Chartered . Financial terms of the deal were not disclosed. "Morgan Stanley will work closely with Standard Chartered over the coming months to ensure a smooth transfer of our wealth management clients currently serviced in India," the U.S. bank said in a statement. This process is expected to be completed by the end of 2013, it said. ...

  • Sensex gains; foreign investors continue to buy Reuters
    Sensex gains; foreign investors continue to buy

    Reuters Market Eye - The BSE Sensex gains 0.52 percent while the broader Nifty advances 0.37 percent, after earlier marking their new 2-1/2-year intraday highs, as foreign portfolio investors extend their record buying spree. Foreign investors have been net buyers for 22 consecutive sessions as of Friday, bringing in a net of about $13.52 billion in 2013, regulatory and exchange data shows. Asian stock markets edge higher after U.S. equities hit record closing highs on Friday as encouraging economic data prompted investors to buy into growth companies. ITC Ltd gains 0. ...

  • Putting group fitness classes in the proper light Reuters
    Putting group fitness classes in the proper light

    By Dorene Internicola NEW YORK (Reuters) - Fitness experts are shining a new light on group classes from Zumba to yoga because they believe the right lighting can transform the four walls of a fitness studio from a dance party to a meditation space, and back again. "Because of the theatrical nature of group fitness classes, lighting is key to differentiate programming," said Donna Cyrus, senior vice president of programming at Crunch fitness centers. ...

  • India, China ties essential for Asia, world: Manmohan Singh IANS

    New Delhi, May 20 (IANS) Prime Minister Manmohan Singh said Monday that India and China's relationship is essential for stability and prosperity in Asia and the world, while stressing the need "for an early resolution of the boundary dispute.

  • Emraan, Altaf Raja to perform live IANS

    Mumbai, May 20 (IANS) Altaf Raja, who has shot for a song in forthcoming movie "Ghanchakkar", will perform live with the film's lead actor Emraan Hashmi in three cities for promoting the fun drama.

  • India, China have differences but will be together: Li IANS

    New Delhi, May 20 (IANS) India and China do have "difficult issues left over from history" but are destined to exist together, Chinese Premier Li Keqiang said in a published article Monday.

  • Arsenal finish fourth as Premier League season ends IANS

    London, May 20 (IANS) Arsenal beat city rivals Tottenham Hotspurs to a top-four spot in the final game of the Premier League season.

  • World TT: Holder Zhang to face Wang in all-Chinese final IANS

    Paris, May 20 (IANS) In a rematch of last year's Olympic final, defending champion Zhang Jike will fight for the men's singles title against Wang Hao at the World Table Tennis Championships here Monday.

  • Mamata steps into third year in office IANS

    Kolkata, May 20 (IANS) In the shadow of the Saradha Group chit-fund scam, West Bengal's Mamata Banerjee government stepped into its third year in office Monday, with the chief minister claiming the state has outperformed the national average in key sectors.

  • Rajesh Pratap Singh collaborates with Shingora textiles IANS

    New Delhi, May 20 (IANS) Ace designer Rajesh Pratap Singh has collaborated with textile brand Shingora to launch its fall-winter 2013 collection.

  • Barca celebrate title in front of fans IANS

    Barcelona, May 20 (IANS) FC Barcelona celebrated their conquest of the La Liga season with a 2-1 win at home to Valladolid.

  • India-China consensus big stride forward: Li IANS

    New Delhi, May 20 (IANS) Visiting Chinese Premier Li Keqiang Monday described the consensus reached on various issues between China and India as "a big stride forward" and called for conducting dialogue in a "mature and sensible way".

  • Fox Star Studios to co-produce Kashyap's 'Bombay Velvet' IANS

    New Delhi, May 20 (IANS) Fox Star Studios has come on board with Anurag Kashyap's Phantom Films to co-produce filmmaker's upcoming directorial "Bombay Velvet".

  • Ancelotti asks to leave PSG for Real Madrid IANS

    Madrid, May 20 (IANS) The departure of Real Madrid coach Jose Mourinho appeared to move a step closer when Paris Saint-Germain (PSG) coach Carlo Ancelotti confirmed he had asked to leave the French champions.

  • Three arrested after fracas near British gurdwara IANS

    London, May 20 (IANS) Three men have been arrested after a fracas outside a gurdwara in the city of Norwich in England.

  • BJP protests outside CBI office in Chandigarh IANS

    Chandigarh, May 20 (IANS) Police had to use water cannons to disperse scores of BJP workers who clashed with police during a protest near the Central Bureau of Investigation (CBI) office here Monday.

  • Caribbean T20 League builds momentum IANS

    Bridgetown, May 20 (IANS/CMC) Caribbean Premier T20 League operations manager Carlisle Powell says the key stakeholders in the six franchise countries have thrown their support behind the inaugural tournament which bowls off in July.

  • Unravelling the Indian curry IANS

    Since childhood, being born in a North Indian Punjabi family, I have been fond of curries - spicy chicken curry or tangy vegetable tangy curry accompanied with rice or a crisp tandoori roti oozing with white butter. Then, there are a plethora of exotic curries such as Kerala's raw mango curry, green or red Thai curry, Indonesian curry or Burmese curry