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Cape Town, crown jewel of South Africa’s tourism industry, has 100 days before it runs out of water

After two years of the least rainfall on record, the average level of the six main dams that supply the city of 3.7 million people has dropped below 30 percent, one of the lowest levels on record.

World News

With Uttar Pradesh sweep, Modi can be even more risky with an ambitious Pakistan policy

A landslide election victory and a more conciliatory army chief may not be enough to push nuclear-armed enemies India and Pakistan toward renewed talks, even as small signs of cooperation over sensitive security issues emerge

modi as poet, pm narend News

Indian stocks expensive? S Naren of ICICI Prudential says there is room for markets to rise more

Viewed against its regional peers, the rallying Indian stock market is expensive. Looking at it in terms of its own past, however, a case can be made that there’s room to rise.

Markets News

When billionaire Anil Agarwal became an activist investor

Indian mining billionaire Anil Agarwal wins a gold star for boldness. His timing? "Could do better."

Industry News

Gold Party Back On as US Fed Chair Janet Yellen Assures Market of gradual rate path

The gold rally had faltered in March after two straight monthly gains amid concerns that the Fed would raise interest rates this year at a faster pace than it projected in December.

Markets News

Uber highly priced at $69 billion, its model unlikely to survive the second decade of existence

The model has made Uber, founded in 2009, the highest-valued private technology company. Yet it's unlikely to survive the second decade of Uber's existence.

Industry News

World Bank praises Nilekani’s Aadhaar, says the system in India is the most sophisticated

A new internet is being built: it has 1.1 billion users, a third of the world wide web. Indian banks are running transactions on it and Microsoft has embedded it into Skype.

India News

Bad news for Modi and Indian bonds as states go on borrowing binge

Prime Minister Narendra Modi’s government is finding itself pitted against an unlikely competitor as it pursues bond investors to finance the budget deficit: Indian states.

Markets News

Twitter Swastika hack comes at fragile time for company

With revenue already forecast to decline this year, Twitter Inc can’t afford to spook users or brands.

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Yahoo probe accelerates: Two Russian spies indicted in massive hack

U.S. officials are planning to unseal charges against four people, including two linked to the Russian intelligence service, related to the hacking attacks against Yahoo! Inc., according to a person briefed on the matter.

Industry News

Google ramps up investment in fiber cable, training Africans

Google Inc. is scaling up investment in Africa by laying fiber optic cable, easing access to cheaper Android phones and training a workforce in digital skills as the U.S. technology giant seeks to expand on the continent.

Google, UK, Philipp Schindler, YouTube, Britain News

Deutsche Bank may sell its Indian retail business to boost capital

Deutsche Bank AG is weighing the sale of its Indian retail businesses as the German lender considers asset disposals to help boost capital levels, two people with knowledge of the matter said.

Banking & Finance News

Saudi prince Salman meets Trump, claims “a historic turning point” in ties

Saudi Arabia, seeking to breathe life into its decades-old alliance with the U.S., claimed “a historic turning point” in bilateral relations after President Donald Trump welcomed Deputy Crown Prince Mohammed bin Salman to

World News

Volkswagen slashes executive pay by 37% in wake of diesel crisis

Volkswagen AG slashed compensation of senior executives by 37 percent last year as the German automaker reacted to criticism of past generous pay packages in the wake of the diesel-cheating scandal.

Industry News

WikiLeaks is making the world a more dangerous place

Over the last decade, WikiLeaks has heedlessly published sensitive diplomatic cables, classified military files, secret trade documents and politically explosive emails.

World News

Donald Trump is already losing to China in technology: Here is how

In the waning days of Barack Obama’s administration, one of the president’s advisory councils issued a report warning of China’s plans to snatch control of the critical semiconductor industry. Its recommendation: “Win

World News

Oil prices falling: OPEC’s production cuts aren’t enough to clear surplus in world inventories

When OPEC announced production cuts last year, the most reliable indicator of oil-market supply started signaling a shortage ahead. Now it’s pointing the other way.

Commodities News

UP voters reward Modi; here is how to understand his magical political appeal

We are now deep in the era of political shocks. One electorate after another has expressed its anger with mainstream parties and technocratic elites by favoring political outsiders and know-nothing anti-incumbents.

Elections News

Modi powerful than any leader in a generation, has historic chance to reshape India’s economy

After his party’s triumph in the state of Uttar Pradesh, India’s largest and most politically important, Prime Minister Narendra Modi now wields greater power than any Indian leader in a generation. He will need it if he

Economy News

PM Narendra Modi’s path forward is cleared, but still unclear: Mihir Sharma

When voters in the northern province of Uttar Pradesh delivered Prime Minister Narendra Modi’s party a landslide victory in elections to the state assembly, he cemented his place as India’s most powerful leader in two gen

CRPF personnel, Narendra Modi, Rajnath Singh, Sukma, Raman Singh, Centre News

PM Modi victory spurs jump in Indian stock futures, rupee forwards

India’s stock futures and currency forwards jumped after Prime Minister Narendra Modi’s bigger-than-expected win in state elections increased expectations for a continuation of his reform agenda.

Economy News

HSBC said close to naming AIA’s Mark Tucker as chairman

HSBC Holdings Plc is poised to name insurance executive Mark Tucker its next chairman, replacing Douglas Flint, according to people familiar with the decision, as Europe’s largest bank takes the first step to overhaul its t

Industry News

China moves to make $9 trillion domestic bond market more global

“Further developing hedging tools would help spur investor participation and push the market closer toward broad index inclusion,” said Bryan Collins, a fixed-income portfolio manager at Fidelity International in Hong Kon

Markets News

EU turmoil makes Russia the sanctioned bond market traders love

Russia is also benefiting from a broader shift from European to emerging-market bonds. Exchange-traded products tracking developing-nation bond indexes lured $1.3 billion in February, while those tracking European investment

Markets News

Blow to Modi? L&T, Asia’s most-valuable construction company, says India Inc won’t invest anytime soon

Indian companies probably won’t invest in additional capacity for at least another year as the private sector struggles with sluggish domestic demand and growing protectionism overseas, according to the nation’s largest e

Industry News

View: The curious case of India’s friendless stocks rally

The odd thing about India's stock market rally is just how little faith investors have in it.

Markets News
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