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Muthoot Finance dips on fixing price band for IPP

Muthoot Finance slips over 5% to Rs165.05, after the company said it has fixed price band of Rs155 to Rs165 per share for institutional placement

Sherpas leave Everest; some expeditions nix climbs

Relatives of mountaineers, killed in an avalanche on Mount Everest, cry during the funeral ceremony in Katmandu, Nepal, Monday, April 21, 2014. Buddhist monks cremated the remains of Sherpa guides who were buried in the deadliest avalanche ever recorded on Mount Everest, a disaster that has prompted calls for a climbing boycott by Nepal's ethnic Sherpa community. The avalanche killed at least 13 Sherpas. Three other Sherpas remain missing and are presumed dead. (AP Photo/Niranjan Shrestha) KATMANDU, Nepal (AP) — Dozens of Sherpa guides packed up their tents and left Mount Everest's base camp Wednesday, after the avalanche deaths of 16 of their colleagues exposed an undercurrent of resentment by Sherpas over their pay, treatment and benefits.


AP PHOTOS: Syrians on treacherous trek to safety

In this picture taken on early Sunday April 20, 2014, Saleh Zawaraa, 28, center, arrives on horseback after being severely injured by a tank shell as he tried to bring bread into the Syrian village of Beit Jinn, near the Israeli-occupied Golan Heights. He and other Syrians refugees came over 2,814-meter (9,232-foot) Mount Hermon (Jabal el-Sheikh), into the town of Chebaa in southeast Lebanon. The village of Beit Jinn has been under siege by Syrian troops for months, and no food and medicine has been allowed to reach thousands of trapped civilians inside.(AP Photo/Hussein Malla) MOUNT HERMON, Lebanon (AP) — As the late-day sun slipped behind the mountains in front of them, a ragtag group of around a dozen Syrians desperate to flee their country's bloody civil war set off on their treacherous nighttime trek across the rugged frontier into neighboring Lebanon.


Michigan man among 1st in US to get 'bionic eye'

In this April 16, 2014 image from video Roger Pontz wears special glasses that house a small video camera and transmitter at the University of Michigan Kellogg Eye Center on April 16, 2014, in Ann Arbor, Mich. The glasses are part of a system developed by a California company that wirelessly transmits images from the camera, converted into a series of electrical pulses, to an array of electrodes on the surface of Pontz' retna. The pulses stimulate the retina’s remaining healthy cells, causing them to relay the data to the optic nerve. The visual information then moves to the brain, where it is translated into patterns of light that can take the shape of an object’s outline, allowing the patient to regain some visual function. (AP Photo, Mike Householder) ANN ARBOR, Mich. (AP) — A degenerative eye disease slowly robbed Roger Pontz of his vision.


Pujols 1st to hit HRs No. 499, 500 in same game

Los Angeles Angels' Albert Pujols (5) steps out of the visitors' dugout to acknowledge the applause from the crowd after hitting his career 500th home run, off Washington Nationals' Taylor Jordan in the fifth inning of a baseball game in Washington, Tuesday, April 22, 2014. (AP Photo/Pablo Martinez Monsivais) WASHINGTON (AP) — Albert Pujols smiled as he explained why he felt the need to apologize to his wife for hitting homer No. 500 so quickly after No. 499.


Obama visit lifts lid on simmering Asia tensions

US President Barack Obama departs for his week long trip to Asia on the South Lawn of the White House in Washington, DC, April 22, 2014 US President Barack Obama's Asian tour starts in Japan on Wednesday, lifting the lid on a bubbling cauldron of regional animosities and exposing historical rifts. Obama touches down in Tokyo after nearly 150 lawmakers paid homage at a controversial war shrine seen by neighbouring nations as a symbol of Japan's brutal imperialist past, and shortly after the prime minister made a shrine offering. Days earlier, China seized a huge Japanese freighter over what a Shanghai court says are unpaid bills relating to Japan's 1930s occupation of vast swathes of the country.


Missouri executes inmate for 1993 farm slaying

In this Dec. 1, 2013 provided by the Missouri Department of Corrections is William Rousan. Rousan is scheduled to die at 12:01 a.m. Wednesday. He was sentenced to death for killing 62-year-old Grace Lewis in 1993 and was sentenced to life in prison for killing her 67-year-old husband. (AP Photo/Missouri Department of Corrections) BONNE TERRE, Mo. (AP) — Missouri executed an inmate early Wednesday only a few miles from the farm where prosecutors say he orchestrated the 1993 killing of a couple whose cows he wanted to steal.


Oregon police: Man stalked women with 'moveable dungeon'

In this combo made from photos taken Jan. 21, 2014, left, and Nov. 6, 2013, and supplied by the Clackamas County Sheriff's office shows Kelly Vern Swodoba. A grand jury transcript released Monday, April 21, 2014, reveals that Swodoba, killed last month in a gunfight with Portland police, had stalked over a dozen girls, rating them by number, and prepared his van as a "moveable dungeon'' or "torture chamber'' with chains mounted to the floor, ropes, zip ties, a box of latex gloves, and teen pornography. (AP Photo/Clackamas County Sheriff) PORTLAND, Ore. (AP) — Authorities say a man fatally shot by a Portland officer last month had been stalking young women in a van that he converted into a "moveable dungeon" with chains and handcuffs after one of his victims managed to escape from it in January.


Pope John XXIII launched Vatican II and then some

FILE - In this April 15, 1963 file photo, Pope John XXIII sits at his working desk in his studio in a IX century tower in the Vatican gardens. In background the dome of St. Peter's Basilica. The Pontiff found the tower - once a fortress and later the Vatican observatory - abandoned and in decay. He liked it, particularly for the beautiful view from its covered terrace, embracing a great part of Rome and the surrounding country, in clear weather as far as the sea, distant about 25 kilometers (16 miles). He had it repaired and spends many days working in the studio he has had arranged there. While much of the focus of Sunday's dual canonization will be on Pope John Paul II's globe-trotting, 26-year papacy and his near-record sprint to sainthood, many older Catholics will be celebrating the short but historic pontificate of the "Good Pope," John XXIII. (AP Photo/Luigi Felici, File) VATICAN CITY (AP) — On the night of Oct. 11, 1962, Pope John XXIII did something so natural that it's astonishing it was so revolutionary at the time. He came to the window of the Vatican's Apostolic Palace and spoke to thousands of candle-bearing faithful below — not in the arcane, scripted words of pontiffs past but in those of a father and pastor looking out for his flock.


SKorea ferry toll hits 150 as search gets tougher

In this Tuesday, April 22, 2014, searchers and divers look for people believed to have been trapped in the sunken ferry Sewol in the water off the southern coast near Jindo, south of Seoul, South Korea. One by one, coast guard officers carried the newly arrived bodies covered in white sheets from a boat to a tent on the dock of this island, the first step in identifying a sharply rising number of corpses from the South Korean ferry that sank nearly a week ago. (AP Photo/Korea Pool) KOREA OUT JINDO, South Korea (AP) — The grim work of recovering bodies from the submerged South Korea ferry proceeded rapidly Wednesday, with the official death toll reaching 150, though a government official said divers must now rip through cabin walls to retrieve more victims.


Australia signals deeper search for Malaysian jet

Malaysia Airlines flight MH192 bound for Bangalore turned back towards and parked at Kuala Lumpur International Airport in Sepang, Malaysia, Monday, April 21, 2014, after its right landing gear malfunctioned upon takeoff. The airline says Flight 192 carrying 166 people landed safely at the Kuala Lumpur International Airport early Monday, four hours after it departed. (AP Photo/Vincent Thian) CANBERRA, Australia (AP) — Australia's prime minister said Wednesday that failure to find any clue in the most likely crash site of the missing Malaysia Airlines jet would not spell the end of the search, as officials planned to soon bring in more powerful sonar equipment that can delve deeper beneath the Indian Ocean.


Obama visit to Asia seen as counterweight to China

FILE - In this March 25, 2014 file photo, South Korean President Park Geun-hye, right, shakes hands with Japanese Prime Minister Shinzo Abe, left, as U.S. President Barack Obama looks on before their trilateral meeting at the U.S. Ambassador's Residence in the Hague, Netherlands. Obama’s travels through Asia this week will underscore the renewed U.S. commitment to the region, with an eye both to China’s rising assertiveness and to the fast-growing markets that are the center of gravity for global growth. (AP Photo/Yonhap, Do Kwang-hwan) KOREA OUT TOKYO (AP) — President Barack Obama's travels through Asia aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing markets that are the center of gravity for global growth.


Teen stowaway undetected for hours before departure

A plane takes off at Mineta San Jose International Airport, Monday, April 21, 2014, in San Jose, Calif. A 15-year-old boy scrambled over a fence at the airport, crossed a tarmac and climbed into a jetliner's wheel well, then flew for five freezing hours to Hawaii, Sunday. FBI spokesman Tom Simon in Honolulu said the teen did not remember the flight from San Jose. (AP Photo/Eric Risberg) The boy went undetected for seven hours in a highly secure area, officials say.


Ukraine relaunches anti-rebel operation after Biden leaves

Pro-Russian activists prepare to block a planned campaigning visit by presidential candidate Yulia Tymoshenko to the eastern Ukrainian city of Donetsk on April 22, 2014 Ukraine relaunched military operations against pro-Kremlin separatists, hours after US Vice President Joe Biden ended a two-day visit to Kiev in which he warned Russia over its actions in the former Soviet republic. Russia already has tens of thousands of its troops massed on Ukraine's eastern border. Ukraine's acting president, Oleksandr Turchynov, late Tuesday said he was ordering the military to restart operations against the rebels after the discovery of two "brutally tortured" bodies in the eastern rebel-held town of Slavyansk.


NYPD's Twitter PR campaign backfires badly

People walk by a New York City police officer in Times Square, on August 12, 2013 New York police Tuesday were eating extra helpings of humble pie after asking people to post images of themselves and NYPD officers on Twitter -- only to face a deluge of pictures of alleged police brutality. "Do you have a photo w/ a member of the NYPD? It may be featured on our Facebook," the department posted on its NYPD News Twitter feed, hoping to fuel a feel-good, low-cost public relations campaign.


Sotomayor: Justices 'fundamentally misunderstand' racial bias

Sotomayor First Hispanic Supreme Court judge issues sharp dissent in affirmative action case.


JetBlue pilots overwhelmingly vote 'yes' to join union

File photo of a passenger walking past a JetBlue advertisement at Logan International Airport in Boston (Reuters) - JetBlue Airways Corp pilots voted by a wide margin on Tuesday to join the Air Line Pilots Association union, sending the budget carrier's stock price down on concerns the move would raise the airline's costs. About 71 percent of the pilots eligible to vote in the month-long election backed ALPA. JetBlue has about 2,600 pilots and 96 percent were eligible to vote. The vote marked the first successful union drive by a group of workers at JetBlue.


Obama takes in mudslide's brutal aftermath

Marine One helicopter, carrying President Barack Obama, takes an aerial tour of Oso, Wash., Tuesday, April 22, 2014, above the site of the deadly mudslide that struck the community in March. (AP Photo/Carolyn Kaster) President meets grieving families and workers still searching site where dozens died.


Justices appear conflicted over Aereo TV copyright fight

Aereo antenna array WASHINGTON (Reuters) - U.S. Supreme Court justices appeared unsure on Tuesday whether to rule against online TV startup Aereo Inc in a major copyright case, with several raising concerns about how a ruling in favor of broadcast networks could affect increasingly popular cloud computing services. Aereo, backed by media mogul Barry Diller, could be forced to shut down if the high court rules for the four major television broadcasters, who say the service violates copyright law. (Reporting by Lawrence Hurley; Editing by Will Dunham)


IRS workers who owe back taxes awarded $1 million in bonuses

A general view of the Internal Revenue Service Building in Washington WASHINGTON (AP) — The Internal Revenue Service has paid more than $2.8 million in bonuses to employees with recent disciplinary problems, including $1 million to workers who owed back taxes, a government investigator said Tuesday.


Finance News Update, what you need to know

WORLD FINANCE UPDATE: The Australian dollar is almost level with its previous local close, in quiet post-Easter trading with no economic data or events to give investors direction. At 0630 AEST on Wednesday, ...

Michigan affirmative ban is OK, Supreme Court says

FILE - This Sept. 19, 2013 file photo shows Supreme Court Justice Sonia Sotomayor speaking at the University of Delaware in Newark, Del. The Supreme Court on Tuesday upheld Michigan's ban on using race as a factor in college admissions. The justices said in a 6-2 ruling that Michigan voters had the right to change their state constitution to prohibit public colleges and universities from taking account of race in admissions decisions. The justices said that a lower federal court was wrong to set aside the change as discriminatory. In dissent, Sotomayor said the decision tramples on the rights of minorities, even though the amendment was adopted democratically. “But without checks, democratically approved legislation can oppress minority groups,” said Sotomayor, who read her dissent aloud in the courtroom Tuesday. (AP Photo/Patrick Semansky, File) WASHINGTON (AP) — A state's voters are free to outlaw the use of race as a factor in college admissions, the Supreme Court ruled Tuesday in a blow to affirmative action that also laid bare tensions among the justices about a continuing need for programs that address racial inequality in America.


Family has unpublished Gabriel Garcia Marquez manuscript

Residents walk next to a poster of Colombian Nobel laureate Gabriel Garcia Marquez, before a symbolic public funeral held for Garcia Marquez, in Aracataca MEXICO CITY (AP) — Novelist Gabriel Garcia Marquez left behind an unpublished manuscript that he chose not to print while he was alive, an editor told The Associated Press on Tuesday as the writer's compatriots held a musical tribute to him in his native Colombia.


Finance Minister Oliver says common securities regulator a priority

New minister says he's keen to make progress on an initiative begun by his predecessor Jim Flaherty

Kerry: Cold War diplomacy was ‘easier’

Secretary of State John Kerry, accompanied by Rajiv Shah, administrator of the U.S. Agency for International Development, announces the launch of second Quadrennial Diplomacy and Development Review during a speech at the State Department in Washington, Tuesday, April 22, 2014. (AP Photo/J. Scott Applewhite) Secretary of State feels "bipolar world" made American diplomacy a less high-wire affair.


Opposition: South Africa's ruling ANC giving away mattresses for votes

A man waves an ANC flag as supporters of the ruling party take part in a protest on March 26, 2014, in Cape Town South Africa's government corruption watchdog is looking into an allegation that the ruling ANC party handed out state-paid mattresses in election campaigns ahead of general polls on May 7, a spokesman said Tuesday. Public Protector Thuli Madonsela is planning a meeting with the country's social security agency after a complaint from new opposition party AgangSA. "AgangSA complained that mattresses were distributed in Valhalla in Cape Town allegedly as part of the ruling party's election campaign," her spokesman Oupa Segalwe told AFP.


Life in solitary: The prison within the prison

'Solitary Nation' Filmmaker Dan Edge takes a look inside the brutal isolation unit at Maine State Prison for PBS' "Frontline."


High court upholds Mich. affirmative action ban

FILE - In this June 27, 2012 file photo, an American flag flies in front of the Supreme Court in Washington. DNA may be the building blocks of life, but can something taken from it be the building blocks of a multimillion-dollar medical monopoly? The Supreme Court will grapple with that question Monday, April 15, 2013, as it delves into an issue that could reshape medical research in the United States, in the fight against diseases like breast and ovarian cancer, and the billion-dollar medical and biotechnology business: Can human genes be patented? The court's decision could have a wide-ranging effect. (AP Photo/Alex Brandon, File) The Supreme Court on Tuesday upheld Michigan's ban on using race as a factor in college admissions.


Violent death of Ukraine politician tests accord

Masked pro-Russia protesters burn campaign material of Yulia Tymoshenko outside a regional government building in Donetsk Ukraine's acting president calls for an anti-terrorist operation to be relaunched in the east of the country.


Ottawa must keep cap on 'reckless' spending: finance minister

Finance Minister Joe Oliver says he plans to resist pressures to stimulate the economy with federal money as Ottawa remains focused on bringing in a balanced budget next year.
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