Monsoon rains start to pull back - sources
NEW DELHI - India's monsoon rains have begun easing from Rajasthan but should continue in the northeast until the end of the month and give a lift to summer-sown crops there, weather office sources said on Tuesday.
Diageo revives talks for stake in United Spirits
BANGALORE/LONDON - Diageo Plc is in talks to acquire a stake in Indian billionaire Vijay Mallya's United Spirits Ltd , reviving an on-again, off-again courtship that would ramp up its presence in the world's largest whisky market.
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Inside Mario Draghi's euro rescue plan
On the eve of the Olympic Games, ECB's Mario Draghi stood up at a conference and dropped a bombshell. Here's a detailed picture of the negotiations that led from Draghi's late-July speech to his September 6 announcement that the ECB stood ready to buy "unlimited" amounts of bonds issued by the most stricken euro members. Full Article
Mary Kom basks in boxing bronze
The boxer could stroll through her hometown unnoticed despite winning five world amateur titles, but all that has changed since the puncher won a bronze medal at the London Olympics. Full Article
China carrier a show of force as tension festers
China sent its first aircraft carrier into formal service on Tuesday amid a tense maritime dispute with Japan in a show of force that could worry its neighbours. Full Article
Not yet offered new maps to Apple: Google exec
Google has not submitted a new Google Maps application to Apple Inc after the iPhone maker dropped the use of it in launching its newest device, the head of the search engine provider said. Full Article
Latest Headlines
Power sector bailout a good first step
Electricity distributors have become zombies. The industry's $35 billion debt overhang means it has few resources to invest in transmission and distribution and the result is massive underinvestment that chokes off economic growth and causes crippling grid failures. That is why the bailout of the sector is a good first step, writes Andy Mukherjee. Full Article | Related Story
iPhone 5 will live up to the hype – in time
The iPhone 5 will live up to the hype – in time. Apple sold 5 million of the new handset, or about $3 billion worth, during its three-day debut. That fell short of Wall Street’s whisper number, which was up to twice as high. Yet the latest sales outpaced those of its predecessor and the company couldn’t meet demand. Supply-chain glitches and map-app hysteria won’t derail Apple’s smartphone train. Commentary
India in depth: Twin deficits joined at the hip
India's yawning trade deficit is not a separate problem from the government's budget shortfall. They are two sides of the same coin. The connection between them becomes evident when one looks at the current account gap not as the excess of imports over exports, but as the difference between the country's investment and savings. Full Article
India's "revolutionary" anti-graft movement splits
It was seen as a revolutionary anti-graft movement, which last year not only drew tens of thousands of Indians united against corruption onto the streets, but also stopped parliamentary proceedings and dominated the headlines for days on end. But 18 months on, India Against Corruption (IAC) have announced they are splitting. Full Article
Aishwarya Rai named U.N. envoy
The United Nations appoints Bollywood actress Aishwarya Rai Bachchan a goodwill ambassador, with a mission to help stop new HIV infections in children and promote increased access to anti-retroviral treatment. Full Article | Slideshow
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