France and Germany explore smaller euro zone
German and French officials have discussed plans for a radical overhaul of the European Union that would involve establishing a more integrated and potentially smaller euro zone, EU sources say. Full Article
HCC's Lavasa gets conditional green clearance
REUTERS - The environment ministry on Wednesday gave conditional clearance to a $31 billion hillside township being developed by Hindustan Construction Co, bringing a long-running dispute between the firm and authorities closer to conclusion.
SBI bad loans rise; Q2 net profit up 12.4 pct
Net non-performing assets at SBI increased to 2.04 pct of total assets at the end of September from 1.7 pct a year earlier. Full Article | Quote
India, Pakistan say chronic trust deficit reducing
Years of mistrust between India and Pakistan is reducing and further improvement in ties should be expected, the foreign ministers of the nuclear-armed rivals said. Full Article
Three killed, scores trapped after Turkish quake
At least three people were killed and scores more trapped under the rubble of two hotels and a dozen other buildings when an earthquake hit eastern Turkey, less than three weeks after another quake killed 600 in the same area. Full Article
India beat West Indies, Sachin misses 100th ton
Sachin Tendulkar's sparkling 76 secured India's five-wicket victory in the first test against West Indies while prolonging his agonising wait for his 100th international century. Full Article | Slideshow
West seeks Iran sanctions over nuclear report
West calls for expanded sanctions against Iran over a U.N. watchdog report that it has worked to design atom bombs, but Russia indicated it would block new measures at the Security Council. Full Article
Thousands pay tribute to Bhupen Hazarika
Hundreds of thousands of mourners, including Bollywood stars and politicians, gathered on Wednesday for the cremation of one of India's most famous folk singers, Bhupen Hazarika. Full Article
Steve Jobs is most used name in media, 2011
"Arab Spring" and "Royal Wedding" were deemed the top phrases of 2011, while late Apple co-founder Steve Jobs is the year's top name, according to a global survey of the English language. Full Article
Latest Headlines
Can financial greed be contained?
Financial greed is not merely tolerated; it is lauded. Star investors are treated as heroes. Politicians, fund managers and homeowners all welcome sharp increases in the prices of stocks or houses, even though the gains are unearned and asset price inflation benefits the rich and leaves the poor behind. Full Article
Allies fretting over issues a warning sign for Congress
The past few days have been quite busy for the government. As yet another spiritual leader started yet another “movement” against corruption in the government and bureaucracy, PM Singh was at the chic French seaside resort of Cannes, holding discussions with heads of state of the G20 nations on how to deal with the crisis in Greece. Full Article
The Great Debate
Put the euro zone out of its misery
There is no real solution to the euro zone’s problems. By now, it is obvious that there is only one way out of the mess, and that is by putting the euro zone out of its misery once and for all. It has been an avoidable, totally predictable catastrophe, created by the wishful thinking of politicians ignorant of economics employing economists ignorant of politics. Commentary
BUMPY ROAD
Car sales suffer biggest fall in decade
Car sales in India fell 23.8 percent in October, the biggest monthly percentage decline since December 2000, an industry body said on Wednesday, as high interest rates and vehicle costs drove down sales for a fourth consecutive month. Full Article
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Photo focus: Fire
A source of light, a source of wonder & a source of danger, fire makes for dramatic images. Slideshow
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