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Cracks among pilots, only one flight cancelled May 17, 2012 New Delhi/Mumbai, May 17 Cracks appeared among the striking Air India pilots Wednesday as some of them returned to work and the management said it expects more to follow.

The Indian Pilots Guild (IPG), however, denied this, saying their strike was very much on.

"Three pilots who were reporting sick have reported back. We expect many more to join work and after that we can start our discussions with them," a senior Air India official told IANS.

The pilots' protest seemed to be losing steam as the civil aviation ministry has made it clear that no talks will be held while the protest is ... READ MORE Business & Economy

Mukherjee hints at austerity as rupee dips to record low May 17, 2012 New Delhi, May 17 The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a record low of 54.50 against the dollar and stock markets tumbled.

Mukherjee said he would take austerity measures to bring more fiscal discipline and send a right signal to the market.

"I am going to put in some austerity measures. It is important to send a right signal," Mukherjee told lawmakers in the Rajya Sabha.

The Indian rupee took a severe beating and dipped to a record low of 54.50 against a US dollar. Rupee has weakened almost 10 percent since March.

This is the weakest level of rupee recorded... READ MORE

Nation

Aarushi case trial adjourned till May 21 May 17, 2012 Ghaziabad, May 17 A sessions court in Ghaziabad hearing the 2008 Aarushi-Hemraj double murders Wednesday adjourned the proceedings till May 21.

Special Judge S. Lal deferred the hearing to allow the Central Bureau of Investigation (CBI) to provide documents to the accused - Aarushi's parents Nupur and Rajesh Talwar.

Aarushi, 14, was found murdered at her parents' Noida flat May 16, 2008. The... READ MORE Nation

Yeddyurappa calls CBI raids 'painful' May 17, 2012 Bangalore, May 17 Former Karnataka chief minister B.S. Yeddyurappa Wednesday called the CBI raids at his residences a painful day in his political life.

"Today (Wednesday) is one of the most painful days in my long political life, as CBI officials conducted raids on my houses in Bangalore and Shimoga for some documents," the 69-year-old Bharatiya Janata Party leader told reporters here.

The ... READ MORE Nation (Opinion)

Drop in foreign investment hurting Indian economy May 17, 2012 Foreign investment can make or break an economy. This hard truth was realized when foreign institutional investors (FIIs) pulled out more than Rs 1,100 crore from equity markets last month after the announcement of General Anti Avoidance Rule (GAAR) provisions in the Budget 2012-13, leading to a sharp downslide in the stock market.

The benchmark Sensex index, which rose as much as 20 per cent ... READ MORE