INDIA

ONGC

India Should Hold Its Nerve on Stock Auctions

New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.

48 Hours in Singapore

6. Singapore
Got 48 hours to explore Singapore? The Asian financial and business centre has undergone a makeover in recent years and it is now also a playground for Asia's rich where sleek skyscrapers meet quaint shops.
Shane Watson

Sri Lanka Beat Australia; India Out of Tri-series

Sri Lanka beat Australia by nine runs despite Dan Christian's hat-trick in a dramatic one-day international on Friday to book their place in the final of the Tri-series against the hosts and send India home.
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Rupee

Indian Exporters Receive First Rupee Payments from Iran

India's exporters have begun receiving the first rupee payments from Iran, Indian government and trade sources said on Thursday, kicking off a mechanism to skirt Western sanctions which have made doing business with Tehran tougher.
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IMF says threat of sharp global slowdown eased

The probability of a sharp global slowdown has eased due to recent policy measures adopted in the euro zone to tackle its debt crisis, the International Monetary Fund said on Thursday, but it warned risks to world growth remain squarely to the downside.
Justin Bieber, One Direction collab a posibbility, tweets manager Scooter Braun

Happy 18th Birthday Justin Bieber: Funniest Birthday Tweets

Teen pop sensation Justin Bieber turns 18-years-old today. Fans from all over the world are celebrating the Canadian singer's birthday as Happy National Bieber Day on twitter. Thousands from all over the world have posted their birthday well wishes on Twitter. Check out the hilarious birthday tributes, as well as the Harry Potter fans who don't appreciate the singer sharing the same birthday as Ron Weasley.
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Transocean says may face $473 million U.S. tax bill

Transocean Ltd may face $473 million in U.S. back taxes, according to its annual filing, though it also said it was cleared in a similar dispute dating back eight years, which may give its lawyers a useful precedent.
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Europe drags on global economy, few policy options

Prospects for a strong recovery in the global economy darkened on Thursday as sputtering factory activity in Europe overshadowed more upbeat data from Asia, at a time when central banks are running out of policy options and reluctant to do more.
Broker

State Companies Can Buyback Shares: Cabinet

The cabinet has allowed cash-rich state companies to buyback shares and participate in the government's divestment programme, Praful Patel said on Thursday, as New Delhi looks to narrow its widening fiscal deficit.
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License scandal rattles India's telecom nirvana

The scandal convulsing the Indian telecoms market threatens to deter foreign companies from investing there and could call into question the business case for expanding into emerging markets in general.
Diamond

Diamond at heart of royal upheavals up for sale

A diamond coveted by kings, queens and princes for centuries, used to reinforce alliances between nations and pawned to pay off royal debts goes on sale at Sotheby's in Geneva on May 15.
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India Q3 GDP Growth Slows Down to 6.1%

India's economy grew at 6.1 percent in the October-December quarter, the slowest rate of growth in 11 quarters, official data released on Wednesday showed.

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