Grid failure left more than 300 million people without power in New Delhi and much of northern India for hours on Monday in the worst blackout for more than a decade, highlighting chronic infrastructure woes holding back Asia's third-largest economy.
“The country is facing a huge supply shortfall this summer."
The Indian activist Anna Hazare began his fifth hunger strike in 16 months on Sunday to pressurize the government to set up an anti-graft agency and tougher laws to abate the unbridled corruption in India.
In a bid to further clarify the confusions related to Indian taxation policies Indian Prime Minister Manmohan Singh has setup a review committee to examine taxation of Development Centres and the IT Sector.
Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.
U.S. stock index futures point to a lower opening Monday as investors remained cautious while waiting for the central banks around the world to announce stimulus measures to recover the economic growth.
Maruti Suzuki shares fell 2.7 percent in the morning trading Monday, following a 22.84 percent drop in its first quarter net profit even as analysts started revising the company's stocks, indicating a not-so-good future ahead.
A major power outage caused a blackout in Northern India, the worst since 2001, and severely hit normal life in eight states since late Sunday night, following the collapse of the the northern power grid.
Most of the Asian markets rose Monday as investor confidence was lifted by the hope that the central bank around the globe would announce stimulus measures to regain the economic growth momentum.
Asian markets are expected to begin the week on upswing gains on the speculation of further stimulus measures from the central banks around the world to boost the fragile global economy. Most Asian markets ended last week on a negative note as investor confidence was weighed down by the mounting concerns over the euro zone debt crisis.
Out of the estimated 4 billion worldwide viewers who tuned in for Danny Boyle's sulfur-spewing smokestacks, giant "Harry Potter" puppets and peppy Britpop medleys, many spectators may still be wholly unaware of the humble beginnings from which the man behind the Olympic curtain sprang.
Most of the Asian markets fell in the week following the revival of the investor concerns about the deepening debt burden faced by the euro zone and worsening global economic growth.
BrewDog's new, limited-edition India pale ale, "Never Mind the Anabolics," is laced with tons of ingredients that are sure to get professional athletes banned from the Olympics. BrewGod listed them as "creatine, guarana, lycii berries, kola nut, Gingko, matcha tea, maca powder, and steroids."
Conservationists have warned that the global wild tiger population, which totaled some 100,000 in 1900, has since shrunk to about 3,000. The animal could be extinct in the wild within two decades, they add.
The premature baby needed the incubator in order to survive and died shortly after being taken away from the life-saving machine.
Rationing was so severe, that British athletes were forced to consume whale meat for sustenance.
Ethnic violence in India's northeastern state of Assam, which has left 58 dead and 200,000 displaced so far, was a tragedy waiting to happen, affected by the influx of immigrants who mostly came from the former East Pakistan before it became Bangladesh in 1971.
ICICI Bank(ICBK.NS), India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.
ICICI Bank, India's top private lender, Friday reported a 36 percent increase in its net profit in the first quarter of the financial year 2012, exceeding the market expectations.
Asian stock markets rallied Friday as comments from European Central Bank (ECB) president raised hopes for further central bank action in Europe to alleviate the sovereign debt crisis.
Asian markets rose Friday as investor sentiment turned positive following the promise from European Central Bank to take necessary steps to save the euro zone from collapsing.
This time around, Oprah Winfrey is being criticized for her alleged ignorance and insensitivity to the Indian culture and her biased portrayal of the country in a segment for her new show -- Oprah's Next Chapter which is a part of the OWN Network. This show was aired in India this weekend and was a part of the two part TV serious about her trip to India in January.
