MCX-SX wins approval to launch currency options
REUTERS - The MCX Stock Exchange (MCX-SX) has received approval from the market regulator and central bank to launch currency options on its platform, the exchange said on Sunday.
Off-grid power shines in India's solar village
MEERWADA, India - Life in the remote village of Meerwada used to grind to a standstill as darkness descended. Workers downed tools, kids strained to see their schoolbooks under the faint glow of aged kerosene lamps and adults struggled to carry out the most basic of household chores.
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India win Sri Lanka ODI series
Take a look at these pictures from the fifth and final ODI match between India and Sri Lanka. India beat Sri Lanka by 20 runs and won the ODI series. Slideshow
Overseas cues to drive market, upside limited
It seems investors have started developing immunity to adverse news. This may support the markets by holding the bottom but the question many would ask whether this dark tunnel will finally squeeze them out? Full Article
Greece's epic battle of implementing pledges
Greece's latest fiscal and reform pledges may be enough to convince international lenders to keep Athens hooked to a 130 billion euro lifeline, but the battle to implement it will be epic. Full Article
Israel hardens shield with eye on Iran, Syria
Israel is upgrading its Arrow II ballistic missile shield in a U.S.-backed "race" against Iran, Syria and other regional enemies, a senior Israeli defense official said on Sunday. Full Article
Mars rover nears make-or-break landing attempt
Curiosity, on a quest for signs Mars once hosted the building blocks of life, streaked into home stretch of its voyage nearing a landing attempt NASA calls its most challenging ever. Full Article | Slideshow
Latest Headlines
India protest over boxing decision
India have complained to the Court of Arbitration for Sport (CAS) after an Olympic victory by Vikas Krishan was overturned, costing him a place in quarter-finals. Full Article | Pics: India at London Olympics
In India, what goes up must keep going up
‘What goes up a lot must keep going up’ was the conclusion from the very first Reuters Indian housing market poll this week. And it sounded very familiar. Past experience shows that respondents to housing market polls - whether they be independent analysts, mortgage brokers, chartered surveyors - tend to cling to an optimistic tone even as trouble clearly brews below the surface. Full Article
A mafia in FATA: Haqqanis and drones
Far from being the wayward tribals popularly conceived of as the targets of drone strikes, or indeed even ideologically driven fighters, “the broad range of business activities in which the Haqqanis engage suggests that the pursuit of wealth and power may be just as important to network leaders as the Islamist and nationalistic ideals for which the Haqqanis claim to fight.” Full Article
Solar power nightlight
I come from a village named Baharpur in Uttar Pradesh and I recall we used to get up at 5a.m. and play until 4p.m. As darkness enveloped the entire village, oil lanterns were the only source of light. All major work had to be completed during the day, as there was no electricity once the sun was down. I respect innovators like Sun Edison, which provides electricity to the remote village Meerwada. Full Article
Not so easy for India to come out of the dark
Many words have been used to describe the power outages that put half of India in the dark: embarrassing, catastrophic, the worst the world has seen. The blackout also embodied the dire situation the country could be headed to without necessary reforms. To be sure, it is not a lack of vision that would lead India to similar potential disasters in future, but a lack of political will. Full Article
Why RBI preferred SLR cut?
With the reduction of SLR, the RBI is shrinking the market for government securities and enlarging availability of credit to the private sector. With that, the cost of funds to the government will increase and the rate charged by banks to the private sector decreases. The RBI has in a subtle way used its power to discourage government borrowing and ease borrowing by the private sector. Full Article
Bolt's day of truth after GB's night of glory
Usain Bolt will answer the nagging question of whether he is still the fastest man on Earth in an Olympic cauldron that almost boiled over when Britain's athletes enjoyed their greatest ever night.
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