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. ...
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- Jessica case: HC to decide fate of hostile witnesses on Wednesday Hindustan Times
A bench would pronounce its decision in the case in which the court had questioned the prosecution as to how all the witnesses took somersault during the trial. More »
UPA losing ground, say opinion polls IANSOpinion polls have not brought any cheer to the government, predicting slide in the UPA's tally amid rising dissatisfaction among large sections of urban voters. More »
Li reaches out with 'handshake across the Himalayas' Hindustan TimesChinese premier Li Keqiang talked about what all Indians love to hear - the promise of a balanced trade, sorting all issues, including the boundary question. More »
Sreesanth used spot-fixing money on branded apparel for girlfriend IANSTainted cricketer S. Sreesanth went on a shopping spree with the money he earned from spot-fixing, buying apparel worth Rs.1.95 lakh for himself and a mobile phone More »
Whole neighborhoods razed by Oklahoma tornado that killed 24 ReutersA 2-mile-wide (3-km-wide) tornado tore through the Oklahoma City suburb of Moore on Monday, killing at least 51 people including 20 children, destroying entire More »
IPL Spot-fixing: TV star Vindu Dara Singh arrested ANIVindu Dara Singh, the actor son of the late wrestler-cum-actor Dara Singh, was arrested here today for his alleged role in the ongoing Indian Premier League (IPL) More »
iGate sacks Murthy over undisclosed relationship ReutersIT outsourcing company iGate Corp said it had sacked its chief executive, Phaneesh Murthy, for not disclosing a relationship with a subordinate after investigating More »
Supreme Court rejects bid to halt IPL, pulls up BCCI ReutersThe Supreme Court will hear a petition on Tuesday seeking to scrap the remaining matches of the country's lucrative Twenty20 cricket competition amid growing More »
Allahabad HC rejects Talwars' plea for examination of 14 witnesses ANIThe Allahabad High Court rejected Rajesh and Nupur Talwar's plea for examination of 14 more witnesses ignored by the Central Bureau of Investigation. More »
- Tech Mahindra shares jump after earnings results Reuters
MUMBAI (Reuters) - Shares in Tech Mahindra Ltd rose as much as 6.8 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
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
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)
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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. ...
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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
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. ...
- The Irish loophole behind Apple's low tax bill Reuters
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- Dimon clings to JPMorgan chairman title, after fight Reuters
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. ...
- Nikkei scales 5-1/2 year high ahead of BOJ meeting, Sony surges Reuters
By Dominic Lau TOKYO (Reuters) - Japan's Nikkei average climbed to a 5-1/2-year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets. The Nikkei advanced 0.9 percent to 15,513.72 after trading as much as 15,527.35, its highest since December 2007. A senior trader at a foreign bank said buy orders outpaced sell orders by 1.5 to 1, with Japanese retail investors active in the market. ...
- Sony to assess spin-off proposal for entertainment business - Nikkei Reuters
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- Tornado spanned length of 22 soccer fields IANS
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- UAE, Singapore discuss global development IANS
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- Sanjay Dutt shifted to Pune jail IANS
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- Kerry Washington uses fashion as 'creative outlet IANS
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- UAE, China discuss economic relations IANS
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- Khloe defends sister Kim IANS
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- 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.
- Saudi Arabia nabs 10 over spying for Iran IANS
Riyadh, May 22 (IANS) Saudi Arabia has arrested 10 people on suspicion of espionage for Iran, the interior ministry announced Tuesday.
- Pushed to breaking point again Hindustan Times
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