INDIA

20 States, 684 Million People Without Power: Pictures Of India?s Blackout

People Work on Laptops
Normal life was thrown out of gear when a power outage resulted in a blackout in 20 states across north, eastern and north-eastern India affecting more than 600 million people for two consecutive days and severely disrupting essential services including the water supply, industrial power supply, rail and road traffic management and medical care.

Pro-Market Chidambaram Returns as Finance Minister

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Palaniappan Chidambaram, who as finance minister oversaw India's strongest growth surge in the past two decades, returned to the post on Tuesday but faces a sharp economic slowdown, worsening public finances and falling exports this time around.
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Asian Stock Markets Gain On Stimulus Bets

Asian stock markets advanced Tuesday, helped by expectations that the major central banks will announce further stimulus measures when they hold policy meetings later this week.
Blackout

North India Hit by Worst Blackout in a Decade

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.
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Asian Stocks Rise On ECB, Fed Stimulus Hopes

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.
China market

Week Ahead: Asian Markets May Gain On Stimulus Hopes

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.
Tiger farm

India, UK Ask China To Ban ‘Tiger Farms’

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.
A man leaves an automated teller machine (ATM) facility of ICICI bank in Kochi

ICICI Bank Q1 Profit Jumps 36 Percent, Beats Forecast

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.
Monsoon rains, critical to farm output in India's trillion-dollar economy

Monsoon Politics: Why It Can’t Rain Reforms In India

India's much-awaited "second wave" of reforms is likely to be delayed due to the dilly-dallying monsoon. Prime Minister Manmohan Singh, who doubles as the finance minister, is expected to hold the crucial policy decisions on allowing the FDI in retail sector and hike in diesel prices until at least the second week of September, Reuters has reported quoting official sources.

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