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U.S. F-35 production slowdown may delay foreign orders

Washington's plan to further slow production of the F-35 Joint Strike Fighter is prompting its eight foreign partners to rethink their own orders, threatening a vital revenue stream for Lockheed Martin Corp and slowing its drive to make the stealthy new fighter jet as affordable as promised.

Gold Back in Demand as Prices Ease

Gold bars
Gold traders in India, the world's biggest consumer, drifted back to the market on Friday as prices eased from their highest level in more than two months, dealers said.
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China Unrest: Tibetan Monk Sets Himself on Fire

A 19-year-old Tibetan man set himself on fire Wednesday in western China to protest government control over Tibetan-populated regions, and was taken away by authorities in an unknown condition.
Ahmadinejad in Tehran

Iran Using Gold, Oil to Pay for Grain

Iran is seeking to close grain purchases using gold and oil as payment, and has paid in yen for a large volume of wheat in its first deal since western sanctions against Tehran started choking imports of food staples, European wheat exporters said.
Vidhana Soudha

Porn and Politics in India: What Worries the Citizens?

Though sex scandals involving celebrities and sages are not new in India, yet the latest scandal involving three ministers watching porn in the legislative assembly comes as a stark revelation of the double standards of the politicians in the country.
Fuel

India Strikes Clever Deal with Iran; To Pay for Iranian Oil in Rupee

India and Iran share close historical links, or so argued India's first prime minister, Jawaharlal Nehru. Now economic interests are pulling the two countries closer again. India has struck a clever deal to pay for Iranian oil in its own not freely convertible currency, the rupee. It could be a diplomatic hot potato.
Yuvraj Singh

Is Yuvraj Singh's Doctor Fake?

Jatin Chaudhry, Indian cricketer Yuvraj Singh's physiotherapist, has been in news ever since he announced that the celebrated batsman was suffering from cancer.
Katy Perry and Russell Brand

Katy Perry, Russell Brand Divorce Finalized: Couple Moving On

Katy Perry and Russell Brand have been granted a divorce by Los Angeles Superior Court Judge Marc Marmaro. Due to California law, the famous couple must wait six months after filing for divorce for it to be finalized. The pair will become legally single again until July.
The Vodafone logo is seen at the counter of the shop as customers look at mobile phones in Prague

Vodafone Hit by Weak Southern Europe

Vodafone, the world's largest mobile phone operator, missed quarterly revenue forecasts on Thursday as increasingly tough trading in Spain and Italy overshadowed solid performances in emerging markets and northern Europe.
Rupee

Rupee Falls on Dollar Purchases by Banks

The rupee fell on Thursday, weighed by dollar purchases by some state-owned banks, negative local equities and caution over prolonged Greek bailout discussions.
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Cognizant Technology Solutions Q4 Net Profit up 16.4 Percent

Cognizant Technology Solutions has reported a net profit of $240 million for the fourth quarter ended December 2011. This is a 16.4 per cent increase over $206 million reported in the corresponding quarter of last year and 5.7 per cent increased sequentially.
Dozens of Muslims protested against Google's Orkut site over some insulting words and cartoons of Prophet Mohammad and demanded the immediate banning of the site.

Google Kneels Before Indian Internet Censorship God, Removes Objectionable Contents

Google may be an Internet search engine giant but even the giant was forced to kneel before the powerful Indian 'Internet censorship god' Monday. The world's No.1 search engine told a New Delhi district court that it has removed some objectionable contents, which is religiously sensitive, published in some Web sites, after the court warned of a China-like crackdown unless they protect religious sentiments of the local people.
India Pornography

Porn Scandal in Indian State Assembly Shocks Country

Three government ministers from one of India's conservative political parties resigned on Wednesday after they were caught watching pornography on a cell phone during a session of the Karnataka state assembly.
Old Man

UP Polls: Voters Decide the Fate of Rahul Gandhi and Mayawati

The election in Uttar Pradesh, a state that would be the world's fifth most populous nation if independent, could have a bearing on who next governs India. It is a closely fought four-way race pitting Rahul Gandhi, the scion of the elite Gandhi dynasty, against Dalit leader Mayawati and two other parties.
Indian Rupee 100 notes

Rupee Marginally Up Due to Dollar Inflows

The rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery.
Aircraft

India Trying to Help Debt-Ridden Airlines the Wrong Way?

Two wrongs don't make a right. India's beleaguered aviation sector needs a boost. But letting airlines avoid punitive state taxes by directly importing fuel isn't smart. Some tax is necessary to pay for environmental costs.

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