Reuters Market Eye - The BSE Sensex falls 1.7 percent and the broader Nifty is down 1.9 percent, heading towards their fourth consecutive session of declines. Asian stocks slid and the dollar rose to a 4-1/2 year high after Fed Chairman Ben Bernanke's remarks sparked worries of a reduction in U.S. monetary stimulus and after data showed China's factory activity shrank for the first time in seven months in May. Ranbaxy Laboratories Ltd slumps 8.87 percent after majority shareholder Daiichi Sankyo Co said it believes former shareholders of the Indian company hid information regarding U.S. ...
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'Chandila was to do spot fixing in another IPL match' IANSAjit Chandila of Rajasthan Royals was about to spot-fix in another Indian Premiere League (IPL) match too for which he had taken Rs.15 lakh from a Punjab-based More »
- Fewer allies, quiet rejoicing mark UPA's dinner party Hindustan Times
As the UPA's Report to the People was released, Congress president Sonia Gandhi gestured alliance leaders to get closer on the dais while posing for the photograph. More »
BJP split over PM candidate, Sushma seeks talks with allies Hindustan TimesSenior BJP leader Sushma Swaraj said the call on the party's prime ministerial candidate for the 2014 polls will be taken by its parliamentary board at an More »
UPA-II report card promises growth over 6%, coal scam probe ANIListing the achievements of the UPA-II government, Prime Minsiter Manmohan Singh said that in the coming year they will report directly to the people to seek a More »
Oklahoma tornado victims astounded at how they survived ReutersTornado survivors thanked God, sturdy closets and luck in explaining how they lived through the colossal twister that devastated an Oklahoma town and killed 24 More »
Man linked to Boston bombing suspect killed by FBI in Florida ReutersA Chechen immigrant who was being questioned about his possible links to one of the Boston Marathon bombing suspects was shot and killed by a federal agent in More »
- Forget Pak, live like true Indian: Swami to Kashmiris Hindustan Times
Janta Party president Dr Subramaniyam Swami on Wednesday asked people of Kashmir to "forget Pakistan and live like true Indians"."The Kashmir problem is (Pt More »
UPA happy at completion of four years; BJP bashes its performance ANIThe Congress-led United Progressive Alliance (UPA), , completed the fourth year of its second term in power on Wednesday and the government said that it had ushered More »
Jessica Lal case: Shayan Munshi, Prem Manocha to face perjury trial Yahoo! India NewsThe court earlier had suo motu taken cognisance of the matter and sought to prosecute the 19 witnesses for perjury who turned hostile. More »
- Book Talk: James Salter breaks long silence with 'All That Is' Reuters
By Billy Cheung NEW YORK (Reuters) - Award-winning author James Salter, who completed his last full-length book more than 30 years ago, has released a new novel that chronicles a life drawn from many of his own experiences. Like Salter, the main character in "All That Is" leaves the military to embark on a literary career. Unlike Salter, Philip Bowman becomes an editor after failing to find work as a writer. Salter is considered by many one of the best postwar American novelists and short-story writers. ...
- Ranbaxy shares slump after Daiichi Sankyo says misled Reuters
MUMBAI (Reuters) - Ranbaxy Laboratories Ltd slumped as much as 9.37 percent on Thursday after majority shareholder Daiichi Sankyo Co said it believes former shareholders of the Indian company hid information regarding U.S. regulatory probes. "Daiichi Sankyo believes that certain former shareholders of Ranbaxy concealed and misrepresented critical information concerning the U.S. DOJ and FDA investigations," the Japanese company said in a statement on its website late on Wednesday, referring to the U.S. Department of Justice and the Food and Drug Administration. ...
- Asian markets sell off on Bernanke remarks, China PMI Reuters
By Masayuki Kitano and Hideyuki Sano SINGAPORE (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year. Stock and bond markets took their cue from the drop in U.S. equities and Treasuries after Bernanke's remarks at a Congressional hearing sparked worries of an earlier than expected reduction in U.S. monetary stimulus. ...
- China factory activity shrinks for first time in seven months - flash PMI Reuters
By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled and that a sharper cooldown may be imminent. The flash HSBC Purchasing Managers' Index (PMI) for May fell to 49.6, slipping under the 50-point level demarcating expansion from contraction for the first since October. The final HSBC PMI stood at 50.4 in April. ...
- Rupee weakens below 56 to over 8-1/2 month low Reuters
MUMBAI (Reuters) - The rupee fell below the key psychological level of 56 to the dollar on Thursday, its lowest level in over 8-1/2 months, as the dollar rallied on worries about a potentially early end to U.S. monetary stimulus. The rupee fell to as low as 56.01, its lowest since September 6, 2012. At 11.49 a.m., it was at 55.98/00 to the dollar versus its previous close of 55.46/47. (Reporting by Subhadip Sircar; editing by Rafael Nam)
- Oracle surges; strong share sale squeezes short sellers Reuters
Reuters Market Eye - Stocks in Oracle Financial Services Software Ltd gain 8 percent after a higher-than-expected response to its share sale squeezes out short positions in the futures market, dealers say. Oracle, majority owned by Oracle Corp , attracted demand of nearly four times its share sale of 4.4 million shares, according to exchange data, surprising investors who had shorted the stock for arbitrage in anticipation of tepid demand. Oracle's May futures saw a reduction of 150,000 shares, or 16.5 percent of the outstanding total, as of 11.10 a.m., indicating covering of short positions. ...
- British soldier hacked to death in suspected Islamist attack Reuters
By Maria Golovnina and Guy Faulconbridge LONDON (Reuters) - A British soldier was hacked to death by two men shouting Islamic slogans in a south London street on Wednesday, in what the government said appeared to be a terrorist attack. A dramatic clip filmed by an onlooker just minutes after the killing showed a man with hands covered in blood, brandishing a bloodied meat cleaver and a knife. "We swear by almighty Allah we will never stop fighting you. ...
- Pfizer takes its shot at a vaccine for evasive superbug Reuters
By Julie Steenhuysen CHICAGO (Reuters) - Kathrin Jansen is a microbiologist with at least two breakthrough vaccines to her name: she brought the cervical cancer vaccine Gardasil to market for Merck and helped develop the $4 billion a year pneumonia and meningitis vaccine Prevnar 13 for Pfizer. Jansen's next vaccine success could come by taming the superbug MRSA, a drug-resistant bacterium that she has seen ravage a healthy man up close and personally. Methicillin-resistant Staphylococcus aureus infects an estimated 53 million people globally and costs more than $20 billion a year to treat. ...
- China's Lenovo buys and diversifies to outshine PC rivals Reuters
By Lee Chyen Yee and Umesh Desai HONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a sliver away from unseating Hewlett-Packard Co as the world's top PC maker by shipments, posted on Thursday an estimate-beating 90 percent rise in quarterly profit, its fastest in seven quarters. ...
- NBA - James saves Miami in last-gasp win over Indiana Reuters
By Simon Evans MIAMI (Reuters) - LeBron James scored the game-winning points in the dying embers of overtime as the Miami Heat held off a determined Indiana Pacers 103-102 in a thrilling Eastern Conference Finals opener on Wednesday. If broadcasters were concerned that another easy series win for Miami would further damage ratings, they got the perfect antidote with the Pacers pushing the Heat all the way and raising the prospect of a tight best-of-seven set. It was scrappy and foul-ridden at times in the first half and neither side were able to dominate at any stage. ...
- Singapore Q1 GDP growth surprises on surge in financial services Reuters
By Kevin Lim SINGAPORE (Reuters) - Singapore on Thursday reported a surprise expansion in its economy in the first quarter, helped by a surge in financial services as trading in stocks and foreign exchange soared. The Southeast Asian city-state, whose economy is heavily dependent on trade, manufacturing and financial services, said gross domestic product expanded 1.8 percent in January-March on a quarter-on-quarter, seasonally adjusted and annualised rate, much better than the advance estimate of a 1.4 percent contraction. ...
- U.S. industry touts 'drone' promise as public debate flares Reuters
By Andrea Shalal-Esa WASHINGTON (Reuters) - Public backlash against deadly overseas drone strikes may undermine promising uses of such technology for anything from disaster response to mail delivery, a top U.S. industry group said as it launched a lobbying effort to "demystify" unmanned planes. The Aerospace Industries Association wants to prevent misperceptions and regulatory roadblocks from cutting into a market it says could be worth $89 billion over the next decade, according to a report the trade group will release on Thursday. ...
- Japanese octogenarian becomes oldest to reach Everest summit Reuters
By Gopal Sharma KATHMANDU (Reuters) - An 80-year-old Japanese mountain climber who has had four heart surgeries reached the top of Mount Everest on Thursday becoming the oldest person to conquer the world's highest mountain. Yuichiro Miura, who took the standard southeast ridge route pioneered by Sir Edmund Hillary and Tenzing Norgay 60 years ago, reached the top of the 8,848 metre (29,028 feet) mountain at roughly 9:00 a.m. local time (0300 GMT). He was accompanied by three other Japanese, including his son, and six Nepali sherpas. ...
- Bollywood goes overboard with Cannes fashion? IANS
New Delhi, May 23 (IANS) Just when will Bollywood ever get it right? As the world celebrates 100 years of Indian cinema, Indian stars, it seems, went a little overboard in projecting the ethnic, oriental look at the Cannes red carpet that saw Sonam Kapoor, Vidya Balan and Sherlyn Chopra either going big on bling or heavy on jewellery and embroidery.
- Ricky Martin calls for gay rights law in Puerto Rico IANS
San Juan, May 23 (IANS/EFE) Singer Ricky Martin called Wednesday in a letter sent to the Puerto Rican House of Representatives for the legislative body to approve a bill which would prohibit discrimination due to sexual orientation on the island.
- Santos reject Barcelona Neymar bid IANS
Rio de Janeiro, May 23 (IANS) Santos have rejected a 20 million-euro offer from Barcelona for Brazil star Neymar.
- Lydia Davis bags Man Booker Prize IANS
London, May 23 (IANS) American short story writer Lydia Davis was declared the winner of the fifth 60,000 pounds Man Booker International Prize at aceremony held at the Victoria and Albert Museum in London.
- Olimpia hold Fluminense in Libertadores quarters IANS
Rio de Janeiro, May 23 (IANS) Olimpia raised hopes of an unlikely semifinal berth after holding Fluminense to a 0-0 draw in their Copa Libertadores quarterfinal first leg.
- Home sales fall in Spain IANS
Madrid, May 23 (IANS/EFE) The 54,512 home sales recorded in Spain in this year's first quarter represent a decline of 21.5 percent from the same period in 2012, the development ministry said.
- Sensex dips in pre-afternoon trade IANS
Mumbai, May 23 (IANS) A benchmark index of the Indian equities markets was trading 1.27 percent down in pre-afternoon trade Thursday.
- Kazakhstan defeat India in volleyball tourney IANS
Luohe (China), May 23 (IANS) Kazakhstan defeated India 3-2 in the China International men's volleyball tournament here.
- Oklahoma tornado damage could top $2 bn IANS
Washington, May 23 (IANS/EFE) The tornado that killed 24 people and injured more than 200 others in Moore, Oklahoma, could have done more than $2 billion worth of damage, officials said Wednesday.
- Finance head Carrion to run for IOC president IANS
Geneva, May 23 (IANS) Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge.
- Rapper tweets London attack live IANS
London, May 23 (IANS) "Ohhhhh myyyy God!!!! I just see a man with his head chopped off right in front of my eyes!," rapper Boya Dee live tweeted in horror as he saw the London terror attack unfold.
- Four debutants in Dutch squad for Indonesia, China friendlies IANS
The Hague, May 23 (IANS) Dutch football head coach Louis van Gaal has named four debutants in the squad for the friendlies in Indonesia and China in June.
- 'Theeya Vela Seiyyanum Kumaru' gets 'U' certificate IANS
Chennai, May 23 (IANS) Siddharth Suryanarayan-starrer Tamil comedy "Theeya Vela Seiyyanum Kumaru" (TVSK) has been passed by the Central Board of Film Certification (CBFC) with a 'U' certificate with no cuts . It is releasing June 14.
- Russian rocket wreckage threatens Ecuador satellite IANS
Quito, May 23 (IANS/EFE) The Ecuadorian Civil Space Agency issued an alert Wednesday about a possible collision of its Pegaso satellite, launched last month, with the wreckage of a Russian rocket.
- Japanese economy has begun to recover: central bank IANS
Tokyo, May 23 (IANS/EFE) Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP.
- 'Jack' the bettor sings Bollywood tune to police Hindustan Times
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- With Cong support, ray of hope for PPP Hindustan Times
- Math no longer a must for DU Commerce Hons Hindustan Times
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- BJP split over PM candidate, Sushma seeks talks with allies Hindustan Times
- Meritorious students in MP may miss good engg seats Hindustan Times
- Shujalpur boy gives Chacha Choudhary run for his money Hindustan Times
- Geetika Sharma suicide case: HC seeks records Hindustan Times
- Forget Pak, live like true Indian: Swami to Kashmiris Hindustan Times
- SHO suspended for Bharatpur Custody death Hindustan Times
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