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Food inflation slows, rates steady

India’s food inflation rate slackened in mid-May, after picking up pace for two weeks, giving the Reserve Bank more leeway to hold rates until its July review and gauge the impact of euro zone debt woes on the domestic economy.

BP on oil spill: May take 48 hrs to gauge success

Over 24 hours into its crucial “top kill” plan, London-based BP Plc on Thursday said it was still too early to access the success or failure of its best short-term hope of plugging a blown-out well in

Apple unseats Microsoft from tech throne

Apple Inc shot past Microsoft Corp as the world’s biggest technology company based on market value on Wednesday, the latest milestone in the resurgence of the maker of the iPhone, which nearly went out of business in the 1990s.

Oil giant BP awaits news on bid to plug leak

BP is continuing with its “top kill” operation to try to plug its leaking Gulf of Mexico oil well but has no immediate update to give on whether it has succeeded, a BP spokesman said on Thursday.

Spain House backs austerity by 1 vote

Spain’s governing Socialists won approval for a $18.4 billion austerity package by just one vote on Thursday, avoiding a defeat that would have rattled markets and potentially brought down the governm

UK to scrap ID card plan within 100 days

Britain’s multi-billion pound scheme to bring in national identity cards will be scrapped within 100 days, the government announced on Thursday.

Wanted Bashir sworn in as Prez

Sudanese President Omar Hassan al-Bashir, the sole sitting head of state wanted for war crimes by the International Criminal Court (ICC), was sworn in on Thursday after his re-election in voting marre

N. Korea to scrap Seoul pact

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North Korea said on Thursday it was ripping up military agreements signed with the South in a step seen as a prelude to shutting down a joint factory park, just as Seoul staged anti-submarine drills i

Kitten goes full cycle in machine

A Persian kitten gave her owners the shock of their lives when she emerged from the washing machine, dizzy and bedraggled after surviving a full cycle.

‘Stalin blocked bids to kill Hitler’

Soviet dictator Josef Stalin blocked two attempts to kill Adolf Hiter during World War Two, fearing that his replacement as Nazi leader would make peace with the Western Allies, a top Russian general

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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.