StanChart finance chief Meddings cursed Americans
NEW YORK - Standard Chartered Plc's Group Finance Director Richard Meddings cursed Americans in a conversation cited by a New York watchdog pursuing a money laundering case against the British bank, people familiar with the situation said on Wednesday.
Tata Power profit slumps 66 pct
MUMBAI - Tata Power Company posted a 66 percent fall in its first-quarter net profit, hurt by increased costs at its coal units, and higher finance and depreciation costs after starting two new plants this year.
Wisconsin gunman died by own hand: FBI
The white supremacist gunman who killed six people at a Sikh temple in Wisconsin died of a self-inflicted gunshot wound to the head, the Federal Bureau of Investigation (FBI) said. Full Article | Related Story
Mary Kom loses semis, bags bronze medal
Boxer MC Mary Kom lost to Nicola Adams of Britain 6-11 in the women's flyweight 51 kg boxing event. Full Article | Slideshow - India at London Games
New venture helps students avoid corporate life
Upstart, a service that launches in limited form on Wednesday, lets university graduates raise money from other people online so that they can start their own businesses, pursue a research project, or chase a personal dream, rather than take a "safe" job. Full Article
Afghan civilian casualties fall 15 percent
Civilian casualties in Afghanistan dropped 15 percent in the first six months of the year, despite a recent surge in militant attacks, with deaths blamed on NATO-led troops and Afghan forces declining sharply, the United Nations said on Wednesday. Full Article
Gangs of Wasseypur 2: The perfect ending
In “Gangs of Wasseypur 2″, Anurag Kashyap gives us the ingredient that was missing in the first - some serious action. There is lots of bloodshed in this one and all of it Bollywood style, writes Shilpa Jamkhandikar. Full Article
Reveal intentions to build trust
To build trust it is critical to take purposeful steps to reveal your motives and values and to open yourself so others can see inside you, says Harvard Business Review. Full Article
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Bharti profit falls, shares hit 2-yr low
India's top telecoms carrier posted its 10th straight quarter of profit decline as cut-throat competition squeezed margins, sending its shares to their lowest level in two years. Full Article | Quote
Time to look beyond Rohit Sharma
Indian cricket has always been blamed for persisting with players on account of reputation - and in some cases experience. But the way Rohit Sharma, who currently lacks both, was handed game after game on the recently concluded tour of Sri Lanka shows a new trend emerging - one that of selecting players on the basis of “unrealised potential”. Full Article
Indian telcos need a regulatory boost to grow
While the top firms continue to turn a profit, the trend since 2008 has been steady decline. Consumers are highly price sensitive. Bharti has had to wear narrower margins after customers pushed back on recent attempts to hike prices. And it is not clear that even cutting the market from 15 players to say even six or seven will have a dramatic effect on firms' ability to raise tariffs. Full Article
Tame the persistent elites
Egalitarians around the world have spent the last century trying to limit the power of privileged elites. The campaigns have worked, up to a point, in most countries. But though they probably cannot be eradicated, the evils of inequality must be tamed. Commentary
Why Team Anna's political plunge deserves India’s vote
With signs of agitation fatigue among the public and a govt refusing to play ball, the movement led by Gandhian activist Anna Hazare has decided to provide a “political alternative”. The group should not fear the unknown. If they play their cards right, they could change the political fabric of the country. Team Anna has much to lose, but the country has more to gain. Full Article
Athletes retire on Games high but what next?
Some are bowing out at the top of their game. Others failed to make the cut or were forced out by injury. For all, the transition to a life not dominated by training is a massive adjustment.
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Philippines submerged
Deadly torrential rains flooded much of Manila and surrounding areas, forcing nearly 270,000 people to flee their homes. Slideshow
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