US ambassador urges China to talk to the Dalai Lama

May 26 2019 | 6 hrs ago

China should hold talks with Tibet’s spiritual leader, the Dalai Lama, U.S. Ambassador to China Terry Branstad told Chinese officials during a trip to the Himalayan region where he criticised Beijing for interfering in religious freedom.

Novartis Rs 14-Cr gene therapy for rare disorder is world's most expensive drug

May 25 2019

Swiss drugmaker Novartis on Friday won US approval for its gene therapy Zolgensma for spinal muscular atrophy (SMA), the leading genetic cause of death in infants, and priced the one-time treatment at a record $2.125 million.

Rahul Gandhi's shock loss of family seat in election no surprise to voters

May 25 2019

For many outsiders, Congress party chief Rahul Gandhi losing the seat his family has held for decades was the biggest shock of India’s election, but for many voters in Amethi, a sleepy town in India’s most populous state of Uttar Pradesh, it was no surprise.

Foreign investors hope India dials back policy shocks after Modi win

May 25 2019

Foreign companies in India have welcomed Prime Minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year.

RBI plans liquidity buffer for NBFCs to aid stressed sector

May 25 2019

The Reserve Bank of India (RBI) on Friday proposed introducing a liquidity coverage ratio (LCR) for large non-banking finance companies (NBFC) to help tackle liquidity problems in the sector.

Theresa May resigns, paving way for Brexit confrontation with EU

May 24 2019

British Prime Minister Theresa May on Friday said she would quit, triggering a contest that will bring a new leader to power who is likely to push for a more decisive Brexit divorce deal.

Arun Jaitley unlikely to remain finance minister in Modi's new term

May 24 2019

Finance Minister Arun Jaitley is unlikely to continue in his current role due to poor health as Prime Minister Narendra Modi begins his second term, according to four sources with knowledge of the matter.

Modi begins talks for new cabinet after big election win

May 24 2019

Prime Minister Narendra Modi will hold talks on Friday to form a new cabinet to tackle a stuttering economy and other challenges facing his second term after winning a big majority.

India prepares to count votes, with Modi looking at second term

May 23 2019

India begins counting hundreds of millions of votes in its general election on Thursday, with a coalition led by Prime Minister Narendra Modi’s party already preparing to form the next government.

British Steel goes into liquidation, jeopardises around 25,000 jobs

May 22 2019

British Steel, the country’s second largest steel producer, has collapsed after failing to secure emergency government funding, jeopardising some 25,000 jobs, Britain’s Official Receiver said on Wednesday.