Asserting that India can absorb $50 billion foreign investment annually, finance minister P. Chidambaram has said the downturn in Indian economy was temporary and growth will return to eight per cent in two years.

A fertiliser factory in Texas exploded in a massive fireball Wednesday, killing as many as 60 to 70 people, local media reported, amid fears a second tank at the plant could also erupt in flames.

Affirming that foreign investors should not not be affected by “whims” of governments, finance minister P. Chidambaram has said that investment protection is guaranteed in India.

The bombing at the Boston Marathon that claimed at least three lives and injured over 140 others is likely a one-man operation and it was virtually impossible to prevent such attacks in a free country, US security experts warned today.

Pregnant star Jessica Simpson celebrated the imminent arrival of her second child with a literary-themed baby shower.

US secretary of state John Kerry has proposed a 16 per cent cut in the American aid to India, reflecting the transition from a traditional “donor-recipient” relationship to a “strategic partnership” between the two countries.

Although pop star Lady Gaga is back on her feet after recovering from hip surgery, doctors are yet to give her a clean chit to get back to work.

Troubled actress Lindsay Lohan, who is supposed to begin her three month-long rehab stint next month called it a blessing.

Rapper Chris Brown was spotted getting cosy with a blonde in a LA nightclub, days after admitting that he is in love with R&B star Rihanna.

Hillary Clinton, the former secretary of state, could run for the 2016 presidential elections, her husband Bill Clinton has hinted.