As Venezuelans continue to flee the starvation, crime and the horrific inflation that continues to mark the worst crisis it has ever faced, Radha Biswas looks back at a devastated country she continues to love deeply.
Beijing did not announce expected policy support over the weekend
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
It's been 100 years since Lenin and the Bolsheviks overthrew the government, and its legacy remains visible even today in the buildings and monuments scattered throughout St Petersburg.
During his 37 year rule, the nation's lush fields became wastelands, disease and hunger became rampant and the economy registered a negative growth of six per cent.
All noise seems to fade away at the Bhimbetka caves that seem to cast a magical spell on visitors.
Want to know about the hidden lakes in the urban sprawl of the National Capital Region? The author, Geetanjali Krishna goes on a trail in their search.
Former India captain Gautam Gambhir has said Delhi chief coach KP Bhaskar made talented youngsters "so insecure" that he was left with no option but to ask him a few tough questions.
Companies write off investments, shed assets as initial projections go haywire
As he was giving evidence, Dr Matcheswalla peremptorily summoned the CBI representative over to the witness box and whispered something. Indrani Mukerjea's advocate Sudeep Pasbola immediately cut in, wondering what he was up to: "Please, please, please." Dr Matcheswalla, looking innocently startled, said: "I was asking if I can order for tea."
These girls are so H-O-T you just can't take your eyes off them!
Bariatric surgeon Muffazal Lakdawala shares interesting recipes in his new book.
'Pakistan may feel emboldened to give an upswing to the proxy war in J&K, having secured a better international consensus on its strategic importance.' 'The raising of Pakistani flags by separatists in J&K is an attempt to win psychological space and more of this can be expected as we go into the summer.' 'Pakistan should remain warned that pushing India on this issue will be dangerous.'
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
The Patels of Gujarat are seething and they have warned Prime Minister Narendra Modi and Chief Minister Anandiben Patel of consequences if their demands for reservations are not met.
Make modern meals from ancient grains.
It's your diet that holds the key to a fulfilling sex life. Boost libido by changing what you eat.
'Defaulters like Mallya can't be offloaded, but activists like me are. And that too for raising questions.' 'Today, what is the meaning of development?' 'Take over land, water and forest from the Adivasis and hand it over to corporates.' 'I am surprised how a minister who is supposed to protect the forests and the environment is happy reaching out to investors for more and more clearances.'
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel.
The government is following a path where it will not be irresponsible or profligate with public money but will intervene in the interest of the poor
Cash-&-carry chains claim of the products they sell 85-90% is local.
Belgian-born Rich, whose trading group eventually became the global commodities powerhouse Glencore Xstrata, died in hospital from a stroke.
Single mother Gauri Sawant hopes to change the way people view transgenders in India.
After Pyongyang tests a missile potentially capable of reaching the US, Dr Rajaram Panda explores the realistic -- and peaceful -- options before Donald Trump and the international community at large.
The jury of the 58th annual World Press Photo Contest has selected an image by Danish photographer Mads Nissen as the World Press Photo of the Year 2014.
Son of a Madurai farmer, Dr Vijayaragavan Vishwanathan has built a unique device for agriculture that can save water as well as electricity. Ironically, Vijay got support for his project from different international bodies but is still looking to get support from Indian government organisations when the product was specifically made for India.
New Delhi and Beijing are the only two regional capitals that have commented on US President Donald Trump's speech on August 21 outlining the way forward in Afghanistan. The Indian foreign ministry statement was effusive in praise, while the Chinese statement has been one of cautious and guarded hope. Delhi has identified itself with Trump's Afghan strategy, whereas the Chinese stance is calibrated -- observant and objective, keeping a distance, says Ambassador M K Bhadrakumar.
Uncooked, fresh and unprocessed -- that's the diet a number of people are swearing by
Global working conditions have worsened in 2014.
Modi government has to come up with a robust economic agenda to impress the masses.
