29 September 2015

India's central bank cuts key lending rate to 6.75 percent

An Indian roadside vendor sits between trucks to sell fruits at a wholesale market in Bangalore, India, Tuesday, Sept. 29, 2015. India's central bank on Tuesday cut its key interest rate by half a percentage point, aiming to spur economic growth as inflation cooled to the lowest since November.
India's central bank on Tuesday cut its key interest rate by half a percentage point, aiming to spur economic growth as inflation cooled to the lowest since November.
The reduction in the repo rate to 6.75 percent was the fourth rate cut this year.

Life on Mars? NASA says planet appears to have flowing water

This undated photo provided by NASA and taken by an instrument aboard the agency's Mars Reconnaissance Orbiter shows dark, narrow, 100 meter-long streaks on the surface of Mars that scientists believe were caused by flowing streams of salty water. Researchers said Monday, Sept. 28, 2015, that the latest observations strongly support the longtime theory that salt water in liquid form flows down certain Martian slopes each summer.
Mars appears to have flowing rivulets of water, at least in the summer, scientists reported Monday in a finding that boosts the odds of life on the red planet.

"Mars is not the dry, arid planet that we thought of in the past," said Jim Green, director of planetary science for NASA.

28 September 2015

India successfully launches its first space observatory

India's Polar Satellite Launch Vehicle (PSLV-C30) lifts off from the Satish Dhawan Space Centre in Sriharikota, South India, Monday, Sept. 28, 2015. PSLV-C30 mission included the launching of India's space observatory satellite. ASTROSAT.
India successfully launched its first space observatory and six satellites into orbit on Monday, officials said, the latest step forward for a country looking to become a major player in the lucrative space market.

Modi touts social media, tech development in Facebook visit

Prime Minister of India Narendra Modi, left, speaks next to Facebook CEO Mark Zuckerberg at Facebook in Menlo Park, Calif., Sunday, Sept. 27, 2015. A rare visit by Indian Prime Minister Narendra Modi this weekend has captivated his extensive fan club in the area and commanded the attention of major U.S. technology companies eager to extend their reach into a promising overseas market.
Indian Prime Minister Narendra Modi touted the power of social media and his own goals for developing India's tech economy on Sunday, speaking to a global audience from a "town hall" meeting at the headquarters of the world's largest social network.

27 September 2015

Peter Dundas underlines brand's ease in Cavalli debut

Models wear creations for Daizy Shely women's spring-summer 2016 collection, part of the Milan Fashion Week, unveiled in Milan, Italy, Saturday, Sept. 26, 2015.
The fourth day of Milan Fashion Week belonged to ex-Pucci designer Peter Dundas, who made his celebrated debut as creative director for Roberto Cavalli.

26 September 2015

Odd partnership: Ties warm between India and North Korea

In this Monday, April 13, 2015 file photo, Indian Foreign Minister Sushma Swaraj, right, shakes hands with North Korea's Foreign Minister Ri Su Yong in New Delhi, India. Ties are warming between New Delhi and Pyongyang, with mineral-hungry India looking to boost trade while North Korea, facing sometimes-rocky relations with China, searches for new friends. The goodwill began earlier this year, when North Korea dispatched Ri on a three-day trip to India, just a few weeks before Prime Minister Narendra Modi flew to Seoul for meetings with South Korean President Park Geun-hye.
It's not the most obvious international friendship. On one side is the world's largest democracy, with its riotous collection of battling political parties and a freewheeling media with thousands of newspapers, TV stations and websites. On the other is a deeply isolated nation, a country with no political opposition and a media that does not question the long-ruling family. Access to the Internet, except for a handful of government-approved websites, is restricted to a tiny elite.

Saudi Arabia accused of neglect over deadly disaster at hajj

Pilgrims walk by the site where pilgrims were crushed and trampled to death during the annual hajj pilgrimage in Mina, Saudi Arabia, Thursday, Sept. 24, 2015. The crush killed hundreds of pilgrims and injured hundreds more in Mina, a large valley on the outskirts of the holy city of Mecca, the deadliest tragedy to strike the pilgrimage in more than two decades.
Saudi Arabia faced new accusations of neglect Friday in the hajj disaster that killed over 700 people, the second tragedy at this year's pilgrimage overseen by the kingdom's rulers who base their legitimacy in part on protecting Islam's holiest sites.
Leading the criticism was regional Shiite powerhouse Iran, which always seeks an opportunity to undermine its Sunni adversary.