Yahoo! News India

  • Oracle Financial to raise up to $181 million through share sale Reuters

    REUTERS - Oracle Financial Services Software Ltd , majority owned by Oracle Corp , plans to raise as much as 10 billion rupees through a share sale to institutional investors. The founders plan to cut their stake in the company by 5.3 percent by selling as much as 4.4 million shares to meet the regulatory condition of having at least 25 percent public shareholding for companies listed in India. It has fixed the floor price at 2,275 rupees per share for the issue which launches on Wednesday. ...

  • Underdogs Australia ready for Ashes scrap - Clarke Reuters
    Underdogs Australia ready for Ashes scrap - Clarke

    By Nick Mulvenney SYDNEY (Reuters) - Australia are rightly underdogs for the upcoming Ashes series in England but will do everything they can to bring the coveted urn back home, skipper Michael Clarke said on Wednesday. There was more talk of aspiration than expectation as the Australia squad officially bid farewell to the country in a ceremony at Sydney airport before their departure for England at the weekend. ...

  • Imran Khan leaves hospital after campaign fall Reuters
    Imran Khan leaves hospital after campaign fall

    ISLAMABAD (Reuters) - Pakistani cricket-hero-turned-politician Imran Khan left hospital on Wednesday after treatment for back injuries suffered in a fall in Lahore, television stations said. Khan, who has been fitted with a spinal brace to aid recovery, fell from a fork-lift taking him to a poll campaign podium on May 7. A general election four days later handed a landslide victory to Nawaz Sharif and his Pakistan Muslim League-Nawaz (PML-N). But Khan's campaign electrified many, pushing his Pakistan Tehrik-i-Insaf (PTI) from a marginal party to the country's third-largest. ...

  • Dimon clings to JPMorgan chairman title, after fight Reuters
    Dimon clings to JPMorgan chairman title, after fight

    By David Henry TAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took an unusual step to fight off investors seeking more oversight of his activities - he hinted he might quit. And it worked. At the bank's annual meeting on Tuesday, JPMorgan shareholders voted down a proposal to strip Dimon of his chairmanship, giving the measure even less support than last year. Investors showed some unhappiness with the bank's management by only barely re-electing three directors who oversaw a massive trading loss last year. ...

  • Rupee hits near 6-month low; continued dollar buying Reuters
    Rupee hits near 6-month low; continued dollar buying

    Reuters Market Eye - The rupee hits a fresh near 6-month low in opening trades. The rupees falls to 55.48 after opening at 55.335, currently at 55.43/44 versus Tuesday close of 55.41/42. Dealers say follow-on dollar buying is pushing the pair up after a late surge on Tuesday. The chief dealer of a private bank tips 55.20-55.50 band for the session. Dealers say the bias may remain for the pair's strength on month-end dollar demand with crucial 55.20 level taken out on Tuesday. ...

  • Tech Mahindra shares jump after earnings results Reuters
    Tech Mahindra shares jump after earnings results

    MUMBAI (Reuters) - Shares in Tech Mahindra Ltd rose as much as 7.6 percent on Wednesday after its January-March quarter net profit rose 24 percent, beating estimates. Tech Mahindra said its March-quarter consolidated net profit rose 24.4 percent to 3.77 billion rupees. The results came out after the close of markets on Tuesday. (Reporting by Abhishek Vishnoi; Editing by Rafael Nam)

  • Cheruiyot expecting first child, aims to return in 2014 Reuters
    Cheruiyot expecting first child, aims to return in 2014

    REUTERS - Vivian Cheruiyot is not defending her world 5,000 and 10,000 metres gold medals in Moscow in August because she is expecting her first child, the Kenyan said in a statement. The 29-year-old, who won both races at the 2011 world athletics championships in Daegu, South Korea, took silver and bronze in the 5,000 and 10,000 at last year's London Olympics. In a statement released by her agent Ricky Simms on Wednesday, Cheruiyot said she would resume her career next year. She had first revealed her decision not to compete in Moscow on Tuesday but gave no reason for her absence. ...

  • Singer Kelly Pickler jives to victory on 'Dancing With the Stars' Reuters
    Singer Kelly Pickler jives to victory on 'Dancing With the Stars'

    By Andrea Burzynski NEW YORK (Reuters) - Country singer Kelly Pickler won the 16th season of ABC's "Dancing With the Stars" on Tuesday night, winning over judges and TV audiences with her graceful style and high-jumping jives with partner and professional dancer Derek Hough. Pickler, who first grabbed attention as a contestant on "American Idol" in 2006, screeched and jumped up and down when she learned she had won. Fellow finalist Jacoby Jones, an NFL player, hoisted her on his shoulders to celebrate. ...

  • HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit Reuters

    NEW DELHI (Reuters) - Hindustan Petroleum Corp Ltd (HPCL) aims to restart a 60,000 barrels-per-day fire-hit crude unit at its Visakhapatnam (Vizag) refinery by the end of June, a company source said. The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit. "The first assessment is scheduled for mid-June. After that, we will get a clear picture," said the source, adding that the aim is to restart the unit by the last week of June. (Reporting by Nidhi Verma; Writing by Seng Li Peng)

  • Asian stocks cheered by Fed reassurance, yen awaits BOJ Reuters
    Asian stocks cheered by Fed reassurance, yen awaits BOJ

    By Ian Chua and Vidya Ranganathan SYDNEY (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy meeting. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent, reversing some of Tuesday's 0.4 percent decline. The South Korean market climbed 0.4 percent. Tokyo's Nikkei gained 1.1 percent, breaking above 15,500 for the first time in over five years. ...

  • North Korea sends top Kim Jong-un aide to Beijing Reuters

    SEOUL (Reuters) - North Korea sent one of its top military officials to Beijing on Wednesday as a "special envoy" of its leader Kim Jong-un, state news agency KCNA reported. There were few details of Choe Ryong-hae's visit, which came amid strained relations between China and North Korea after Beijing backed U.N. sanctions on Pyongyang for its February nuclear test. Choe is the most senior North Korean official to visit Beijing since Kim's uncle Jang Song-thaek made the trip in August 2012. ...

  • Freeport Indonesia says death toll rises to 28 after tunnel accident Reuters

    JAKARTA (Reuters) - The death toll from a tunnel collapse at a mine run by the Indonesian unit of Freeport McMoRan Copper & Gold Inc has been raised to 28, the company said in a statement on Wednesday, after giving up hope of finding any more survivors. The Arizona-based company closed the world's second-largest copper mine on Wednesday last week, a day after a training tunnel away from its main operations fell in on 38 workers. Ten workers were rescued. (Reporting by Randy Fabi and Michael Taylor; Editing by Richard Pullin)

  • Twisters keep returning, but Oklahoma still short on shelters Reuters
    Twisters keep returning, but Oklahoma still short on shelters

    By Mary Wisniewski and David Bailey REUTERS - The people of central Oklahoma know all too well the destructive power of a tornado, but when a big one rolled toward the town of Moore again on Monday, residents had few basements and storm shelters to run to when the alarm sounded, officials said. Two elementary schools that were hit by the EF-5 tornado - the most powerful category - did not have "safe rooms" where students could shelter from the storm, and no applications for safe rooms had been made, Oklahoma Emergency Management Director Albert Ashwood told reporters. ...

  • Rare 'Harry Potter' first edition fetches record auction price Reuters

    REUTERS - A unique first edition of "Harry Potter and the Philosopher's Stone" annotated by author J.K. Rowling has sold for a record 150,000 pounds at a London charity auction, Sotheby's said on Tuesday. The 1997 book, featuring handwritten notes, 22 original illustrations and a 43-page "second thoughts" commentary by the author, fetched the highest price to date for a printed book by Rowling, Sotheby's said in a statement. ...

  • Senate panel passes U.S. immigration bill; Obama praises move Reuters

    By Rachelle Younglai and Caren Bohan WASHINGTON (Reuters) - A U.S. Senate panel on Tuesday approved legislation to give millions of illegal immigrants a path to citizenship, setting up a spirited debate next month in the full Senate over the biggest changes in immigration policy in a generation. President Barack Obama, who has made enactment of an immigration bill one of his top priorities for this year, praised the Senate Judiciary Committee's action, saying the bill was consistent with the goals he has expressed. ...

  • China may act againt EU wine imports IANS

    Beijing, May 22 (IANS) China is likely to make a substantive move this year toward initiating an anti-dumping investigation into wine imported from the eurozone, according to Xinhua .

  • Tornado spanned length of 22 soccer fields IANS

    Washington, May 22 (IANS) Residents of suburban Oklahoma were returning home as rescue workers neared the end of the search for survivors and the dead after a mammoth tornado - said to be as wide as 22 football fields - flattened countless homes and claimed 24 lives, including nine children.

  • Russia develops advanced target simulation system IANS

    Moscow, May 22 (IANS/RIA Novosti) Russia is developing an advanced target simulation system for its air defence units based on the short-range Pantsyr system, the defence ministry has said.

  • 'Ramaiya Vasta Vaiya' album simple, entertaining IANS

    Film: "Ramaiya Vasta Vaiya; Music Director: Sachin-Jigar; Singers: Atif Aslam, Shreya Ghoshal, Mika Singh, Monali Thakur, Mohit Chauhan, Neha Kakkar; Rating **1/2

  • US immigration reform bill clears key Senate hurdle IANS

    Washington, May 22 (IANS) A bipartisan immigration reform bill cleared a key hurdle after its authors negotiated a compromise with a Republican senator to relax some restrictions on high-tech companies on hiring foreign techies, many of whom come from India.

  • Iraq reopens Russian arms deal probe IANS

    Dubai, May 22 (IANS/RIA Novosti) Iraq's central criminal court has resumed an investigation into officials suspected of corruption in a $4.2 billion deal to purchase Russian weapons.

  • India, US seek elimination of terror havens IANS

    Washington, May 22 (IANS) India and the US have called upon all nations - without naming any country - to take effective steps to work toward eliminating sanctuaries and infrastructure that supports terrorism and to increase efforts to counter violent extremism.

  • Jessica Alba honoured for philanthropy IANS

    Los Angeles, May 22 (IANS) Actress Jessica Alba has been honoured in recognition of her philanthropic efforts towards children-related issues.

  • UAE, Singapore discuss global development IANS

    Abu Dhabi, May 22 (IANS/WAM) The United Arab Emirates (UAE) and Singapore have held talks over international development.

  • Sanjay Dutt shifted to Pune jail IANS

    Mumbai, May 22 (IANS) In a surprise move, Bollywood actor Sanjay Dutt was secretly shifted from a Mumbai prison to a Pune jail early Wednesday, official sources said.

  • Kerry Washington uses fashion as 'creative outlet IANS

    Los Angeles, May 22 (IANS) For actress Kerry Washington, fashion is a "creative outlet" to express herself.

  • UAE, China discuss economic relations IANS

    Abu Dhabi, May 22 (IANS/WAM) The United Arab Emirates (UAE) and China have held talks over their bilateral economic relations.

  • Contostavlos, Simpson's relation on rocks? IANS

    London, May 22 (IANS) Singer Tulisa Contostavlos and her beau Danny Simpson are reportedly facing a rough patch in their relationship.

  • Khloe defends sister Kim IANS

    Los Angeles, May 22 (IANS) Socialite Khloe Kardashian has broken her silence against those who have targeted her pregnant sister Kim Kardashian for gaining a lot of weight.

  • Putin calls for fast naval deliveries IANS

    Moscow, May 22 (IANS/RIA Novosti) President Vladimir Putin has criticised the state-owned United Shipbuilding Corporation (USC) for delay in delivery of warships to the Russian Navy and demanded the shipbuilders to improve efficiency.