By Sumeet Chatterjee REUTERS - Standard Chartered has agreed to buy the Indian wealth management unit of Morgan Stanley, helping the British bank expand its private banking business in Asia's third-largest economy. The sale underscores growing consolidation of Asia's wealth management industry, which is struggling with rising regulatory costs and wafer-thin advisory fees. Morgan Stanley launched the sale of the Indian wealth management business in November after entering the fiercely competitive market about four years ago. The U.S. ...
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- Musharraf gets bail in Bhutto case but will stay in detention IANS
A court in Pakistan Monday granted bail to Pervez Musharraf in the 2007 assassination case of former prime minister Benazir Bhutto, but the former president will More »
- China offers India a "handshake across the Himalayas" Reuters
By Frank Jack Daniel and Rajesh Kumar Singh NEW DELHI (Reuters) - India and China will study new ways to ease tensions on their ill-defined border after an army More »
- Sreesanth wanted to party all night with 'as many women as possible': Delhi Poli … Hindustan Times
Sreesanth had plans to party all night "with as many women as possible" on May 15, the Delhi Police have said. They claimed the cricketer was drunk and easily lured More »
- Saradha scam: Debjani Mukherjee sent to judicial custody IANS
Kolkata, May 20 (IANS) Saradha Group director Debjani Mukherjee, a co-accused in the multi-crore fund scam, was remanded in judicial custody till May 31 in various More »
- Accused in Indian-origin New Zealander's murder owed money IANS
Wellington, May 20 (IANS) One of the two men accused of burning alive an Indian-origin man in New Zealand Jan 30 this year owed the victim money, the police report More »
- Don't wear socks, hot Pakistanis told amid power crisis Reuters
ISLAMABAD (Reuters) - Pakistan has told civil servants not to wear socks as the country turns off air-conditioners amid a chronic power crisis and soaring More »
- Israel calls off UNESCO Jerusalem tour, blaming Palestinians Reuters
JERUSALEM (Reuters) - Israel said on Monday it had cancelled a visit by the United Nations Educational, Scientific and Cultural Organization (UNESCO) to Jerusalem's Old City, saying the Palestinians had sought to politicise a conservation mission. No one was immediately available for comment at UNESCO's Paris headquarters. A month ago, it announced it would send experts to Jerusalem in mid-May to examine the state of conservation of the walled Old City, a World Heritage site. ...
- Vettori joins NZ squad early after Martin ruled out Reuters
LONDON (Reuters) - Former New Zealand captain Daniel Vettori could play his first test for 10 months after spinner Bruce Martin was ruled out of the rest of the tour of England with a calf injury. "Bruce Martin out of England tour, Dan Vettori to join squad early, BJ Watling making good progress," New Zealand Cricket tweeted on Monday. Wicketkeeper Watling hurt his knee on Saturday diving to make a run-out and captain Brendon McCullum took over the gloves for the rest of the first Lord's test which New Zealand lost by 170 runs. ...
- Websense to go private after years of slow growth Reuters
REUTERS - Websense Inc said it had agreed to be taken private by Vista Equity Partners in a deal that values the online security firm at about $907 million, a move that should come as a relief to investors after years of weak sales from its legacy business. The offer of $24.75 per share represents a roughly 29 percent premium to Websense's Friday close. Websense shares rose to just above the offer price to a near two-year high in morning trading on the Nasdaq. ...
- Yahoo buying Tumblr for $1.1 bln, vows not to screw it up Reuters
By Jennifer Saba and Alexei Oreskovic REUTERS - Yahoo Inc said it is buying blogging service Tumblr for $1.1 billion cash, giving the struggling Internet pioneer a much-needed platform in social media to reach a younger generation of users. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. The acquisition, which will use up about a fifth of Yahoo's $5. ...
- Wall St opens lower after record highs Reuters
NEW YORK (Reuters) - Wall Street opened weaker on Monday as investors searched for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday. The Dow Jones industrial average slipped 14.90 points, or 0.10 percent, to 15,339.50. The Standard & Poor's 500 Index was off 1.84 points, or 0.11 percent, to 1,665.63. The Nasdaq Composite Index lost 7.17 points, or 0.21 percent, to 3,491.79. (Reporting by Leah Schnurr; Editing by Nick Zieminski)
- Car bombs kill at least 2 in Russia's Dagestan Reuters
MAKHACHKALA, Russia (Reuters) - Two car bombs killed at least two people on Monday in Dagestan, a turbulent province in Russia's North Caucasus region where armed groups are waging an Islamist insurgency. Car bombs, suicide bombings and firefights are common in Dagestan, at the centre of an insurgency rooted in two post-Soviet wars against separatist rebels in neighbouring Chechnya. ...
- Father of England's Neville brothers charged with sex crime Reuters
LONDON (Reuters) - The father of former England and Manchester United soccer players Gary and Phil Neville is to be charged over an allegation of sexual assault, prosecutors said on Monday. Neville Neville, 63, from Bury near Manchester in northern England, is accused over an alleged incident in March. "I have reviewed all the evidence that they have gathered and have authorised the police to charge him with one count of sexual assault by penetration against a 46-year-old woman," said Nazir Afzal, the chief prosecutor for the Crown Prosecution Service in northwest England. ...
- Chidambaram: more steps to cut gold imports if needed Reuters
NEW DELHI (Reuters) - India will take more steps if necessary to curb gold imports, Finance Minister P. Chidambaram said on Monday, after the country's overseas purchases of gold and silver shot up 138 percent in April. The spike in gold imports has increased pressure on the country's trade and current account deficits, and limited the scope for monetary easing by the Reserve Bank of India (RBI), despite a recent slowdown in inflation. (Reporting by Rajesh Kumar Singh; Writing by Matthias Williams; Editing by Devidutta Tripathy)
- Factbox: Reviews for films in main competition at Cannes 2013 Reuters
CANNES (Reuters) - This year 20 films are in the main competition at the Cannes film festival, all vying for the coveted Palme d'Or award for best picture that will be handed out on May 26. Here is the 2013 lineup with the average rating out of four by 10 international critics as published in trade magazine Screen: - HELI by Amat Escalante, Mexico Stars: Armando Espitia, Andrea Vergara. Synopsis: A 12-year-old girl falls in love with a police cadet, dragging her family into Mexico's brutal drug war. Average Critic Score: 1. ...
- F1 tyre changes to be less dramatic than feared Reuters
By Alan Baldwin LONDON (Reuters) - Changes to the Formula One tyres due to be introduced next month will be less dramatic than some have feared or hoped for, supplier Pirelli said on Monday. Motorsport director Paul Hembery told Reuters that the Italian company would find a solution that all teams could agree on without the outcome having a major impact on the championship. He said the aim was "to make the changes that you have to make with minimal disturbance to the sporting equity. "What we're trying to do is find the mid ground and that's where we're at. ...
- Dortmund's Hummels likely to be fit for final Reuters
BERLIN (Reuters) - Borussia Dortmund central defender Mats Hummels looks set to be fit for Saturday's Champions League final against German rivals Bayern Munich despite an ankle injury picked up in the Bundesliga season finale, the club said on Monday. "His participation in the Champions League final on Saturday in London is absolutely realistic," Dortmund team doctor Markus Braun said in a club statement. Hummels hurt an ankle ligament in their 2-1 home defeat by Hoffenheim on Saturday but tests showed he had stretched it rather than tearing it as initially thought. ...
- Essar Oil to sign $1 bln debt-for-fuel deal with China Reuters
MUMBAI/NEW DELHI (Reuters) - Essar Oil Ltd will sign a $1 billion loan deal with China on Tuesday that sources with knowledge of the matter said would be backed by supply of refined products to top state oil producer PetroChina. Essar Oil could sign a preliminary agreement with China Development Bank (CDB) on Tuesday to borrow that amount during Chinese Prime Minister Li Keqiang's visit to Mumbai, his first foreign trip, the sources said. ...
- China trying to manage exposure of corruption online Reuters
By Terril Yue Jones BEIJING (Reuters) - China's Internet is brimming with disclosures of officials collecting bribes, homes and luxury accessories as casually as they do mistresses. But while the government tolerates such anti-corruption vigilantism, it is also extremely leery of the threat the Internet can pose to Communist Party rule. The Internet is the new tool in the fight against corruption - a cornerstone policy of new President Xi Jinping, who has pledged to tackle the problem head-on. ...
- Dell says cannot disclose more information to Icahn yet Reuters
REUTERS - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell's $24.4 billion bid to take the company private. ...
- Comedian Kapil turns producer IANS
Mumbai, May 20 (IANS) Actor-comedian Kapil Sharma marks his debut as a producer with TV show "Comedy Nights With Kapil".
- Bieber booed by fans at Billboard Music Awards IANS
Los Angeles, May 20 (IANS) Pop star Justin Bieber was reportedly booed by his fans at the 2013 Billboard Music Awards when he went on the stage to receive an award and gave a speech.
- Focus is on playing good cricket: Rohit Sharma IANS
New Delhi, May 20 (IANS) Mumbai Indians skipper Rohit Sharma doesn't want his team to get distracted by the spot-fixing controversy in the Indian Premier League (IPL) and says the focus is on playing good cricket against two-time champions Chennai Super Kings in the first qualifier here Tuesday.
- Patnaik seeks early nod for Odisha bill on chit funds IANS
Bhubaneswar, May 20 (IANS) Odisha Chief Minister Naveen Patnaik Monday sought an early presidential nod to a bill which the state passed about a year and a half ago to protect the interest of small depositors.
- Royals file police complaint, suspend players' contracts IANS
New Delhi, May 20 (IANS) The Rajasthan Royals Monday filed a police complaint against their three players arrested for alleged spot-fixing in IPL matches and, pending inquiry, suspended the trio's contracts.
- Lodge FIRs against two BSP ministers: UP Lokayukta IANS
Lucknow, May 20 (IANS) The noose tightened against BSP leaders Monday with the Uttar Pradesh Lokayukta asking Chief Minister Akhlish Yadav to lodge first information reports (FIR) against two former ministers for corruption.
- Man accused of violence against Dalit woman activists arrested IANS
Lucknow, May 20 (IANS) The man accused of bullying and physically abusing five Dalit woman activists in Uttar Pradesh's Lalitpur district last week, was arrested there Monday, police said. He was presented before a court which sent him to 14 days' judicial custody.
- Now posh residents protest lack of water IANS
Gurgaon, May 20 (IANS) Residents of the posh DLF City here Monday staged a noisy protest against the developer, saying the area was getting very little water despite the scorching heat.
- China's 'state-sponsored' hackers attack US again IANS
Washington, May 20 (IANS) Chinese "state-sponsored" hackers have renewed attacks on the US, after a unit of the Chinese army was named in February as the source of many cyber attacks on US companies, a media report said.
- Vitamin D from sun may treat asthma, says study IANS
London, May 20 (IANS) Time spent by asthma patients soaking up the sun may help in the treatment of the illness, a research has said.
- IPL scam: Rajasthan Royals lodge complaint IANS
New Delhi, May 20 (IANS) Rajasthan Royals Monday lodged a written complaint of cheating in the spot fixing case, said a Delhi Police officer.
- GPS mandatory for Gurgaon company vehicles IANS
Gurgaon, May 20 (IANS) Vehicles used by companies in Gurgaon to ferry female employees will have to be equipped with GPS within a month.
- Eight killed in twin blasts in Russia's North Caucasus IANS
Moscow, May 20 (IANS) At least eight people were killed Monday in twin car bombings in Russia's North Caucasus region, officials said.
- Need more freedom for filmmaking in India: Anurag Kashyap IANS
Cannes, May 20 (IANS) India's rising star director Anurag Kashyap has complained that filmmakers in in the country still do not enjoy the kind of freedom of space and expression that would allow them to make meaningful films.
- Virbhadra opens new bridge in Shimla IANS
Shimla, May 20 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh Monday inaugurated a bridge near the Auckland tunnel here, which was constructed at a cost of Rs.2.52 crore under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
- 19-yr-old killed, friend hurt in road mishap Hindustan Times
- Empowering women, step by step at Noida Hindustan Times
- Prof held for 'begging' says he had sought permission Hindustan Times
- Umpire Reuben and cricket's cheats Hindustan Times
- Air India pilots get a dressing down for not dressing up Hindustan Times
- The Past shines at Cannes Film Festival Hindustan Times
- Siblings from India and Pakistan reach Everest peak together Hindustan Times
- Dalit teachers hail fee exemption under FYUP Hindustan Times
- Costs may go up by over Rs 1 lakh under new programme Hindustan Times
- Traffic cops come out with glowing message Hindustan Times
- After AAP, another 'civil' party in offing Hindustan Times
- We aim for inclusive growth of nation Hindustan Times
- No big breaks expected as Manmohan, Li hold formal talks Hindustan Times
- Will India and China go beyond niceties? Hindustan Times
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