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RBI to keep rates steady as inflation jumps: Reuters Poll


The government may have swallowed a bitter pill and raised diesel prices despite resistance from allies and the opposition, but Friday's high inflation figure means the central bank is unlikely to be

India's diesel price dilemma - making the rich pay more


Expect a popular backlash if the government raises diesel prices to halt the subsidy drain on its finances - not only from the millions of poor who need cheap fuel but from increasing numbers of the w

China opens murder trial of ousted leader’s wife


China's most politically sensitive trial in three decades opened on Thursday with police dragging two protesters away from a courthouse where the wife of ousted Politburo member Bo Xilai is expected to be swiftly convicted of murder.

First Pisa, now Rome's Colosseum - it's leaning


The ancient Colosseum of Rome, where gladiators fought for their lives, is slanting about 40 cm (16 inches) lower on the south side than on the north, and authorities are investigating whether it need

SBI to meet investors from Monday for dollar bond offer


State Bank of India will meet investors starting on Monday for an overseas bond issue aimed at raising between $1 billion and $2 billion, two sources with direct knowledge of the deal said on Thursday

Air India Boeing Dreamliners grounded by bureaucracy


Three of Boeing's cutting-edge 787 Dreamliners painted in Air India colours are parked in South Carolina, waiting for the ailing state carrier to pay for them and take possession.

The 787, which prom

TDSAT split on 3G roaming row, no endgame in sight


A telecoms tribunal on Tuesday gave a split verdict on a petition by mobile phone operators seeking to overturn a government order that bans them from forming pacts to offer 3G services outside their

Developing nations to face bumpy ride: World Bank


Developing countries should brace for a long period of financial market volatility and weaker growth as tensions rise over a worsening eurozone debt crisis, the World Bank said on Tuesday.

Warning th

Govt targets transport and power to revive economy


The government on Wednesday vowed to push ahead with major transport and power projects in the current financial year, buoying stocks in infrastructure companies with an attempt to inject some life in

First wiretap played at Rajat Gupta insider-trading trial


A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.