Sensex up: finmin promise of action sparks muted hope
MUMBAI - The BSE Sensex rose over 1 percent to its highest close since July 11 as improved U.S jobs data sparked a global risk rally, while private lenders such as HDFC Bank surged on hopes for government measures to help the mutual fund sector.
Cognizant raises full-year profit forecast
REUTERS - Cognizant Technology Solutions Corp reported a better-than-expected quarterly profit on increased demand for its outsourcing services, and the information technology services provider raised its full-year adjusted profit forecast.
Mary Kom in women's boxing semi-finals
India's five-time world champion Mary Kom beat Tunisia's Maroua Rahali to reach the women's boxing flyweight semi-finals, ensuring India will add to its tally of three medals at the Olympics. Full Article
Historic Curiosity probe lands safely on Mars
NASA's Mars science rover Curiosity landed safely after hurtling through the pink Martian skies at the start of a two-year quest for signs the Red Planet once hosted key ingredients for life. Full Article | Slideshow
Profits show worst over for stronger airlines
For India's healthier airlines, the worst is behind them as drastic flight cuts by embattled former No.2 Kingfisher enables the others to raise ticket prices. Market leader Jet Airways and SpiceJet were upgraded by Bank of America-Merrill Lynch to 'buy'. Full Article
Shooting suspect named, linked to racist groups
The gunman who killed six people at a Sikh temple in Wisconsin was a former US serviceman, a law enforcement official said and a monitor of extremists said the shooter had links to racist groups. Full Article
Factory riot sounds alarm bells for industry
The July 18 clash has rattled corporate India and shone a light on outdated and rigid labour laws in a country where cheap labour drives manufacturing and draws foreign investment. Full Article
Sacked Syrian premier defects to Jordan
Syrian Prime Minister Riyad Hijab has been sacked, state television reported and an official source in Amman said he has defected with his family to neighbouring Jordan. Full Article | Hijab joins opposition
Latest Headlines
Assam displaced face disease, death
Hundreds of thousands of people sheltering in squalid, overcrowded camps in India's northeast desperately need food, water and medicines after fleeing some of the worst communal violence in a decade, officials and aid workers said. Full Article
Strong third Indian party could be game-changer
Anna Hazare appears to be developing his own party. A well structured third party with 20 or so MPs could be kingmakers in the next election and would offer India a more constructive alternative to the regional parties which have paralysed Indian coalitions. The key will be to find credible leadership and a stable source of funding. Full Article
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
Makhloufi thrown out for not trying
The Algerian 1,500 metres medal contender stopped running completely in his 800 metres heat.
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