India Warns of Potential Ban on EU Airlines over Carbon Tax Dispute

European airlines may risk an embargo from India's airspace, should Brussels impose sanctions on Indian carriers over carbon emissions. Brussels is facing the heat from several nations, including China, Russia, over an EU carbon emissions trading scheme that called for charging airlines over pollution. Civil aviation minister Ajit Singh hinted the possibility of a ban on EU carriers in an interview. May 25, 2012
A surface-to-surface Agni V missile is launched from the Wheeler Island off the eastern Indian state of Orissa.

India Successfully Test Fires Akash Missile

Adding another feather to its air defence, India successfully test fired its indigenously built surface-to-air Akash missile on Thursday. The missile was fired from the Integrated Test Range at Chandipur, Odisha. May 24, 2012
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The Great Gatsbys Trailer: First Look of Amitabh Bachchan with Leonardo DiCaprio, Tobey Maguire Released [PHOTO & VIDEO]

The first look of Bollywood actor Amitabh Bachchan in Baz Luhrmann's directed movie "The Great Gatsby" has been released. The trailer for the epic movie starring Leonardo DiCaprio finally made its debut online. The movie featuring Leonardo DiCaprio, Tobey Maguire and Carey Mulligan, is the adaptation of the F. Scott Fitzgerald novel and follows the story of a Midwestern man (played by Maguire) who gets inevitably drawn towards the life of his interesting and attractive neighbor, Gatsby ... May 23, 2012
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Mumbai Rave Party: IPL Players' Name Not on Guest List, Police Confirm

A day after Mumbai police busted a rave party in Juhu, celebrities and IPL team Pune Warriors, who were at the party players, claimed innocence on Monday. Mumbai police on Sunday police busted a rave party at the Oak Woods Hotel in Juhu and arrested two IPL players, foreigners, several television actors and other high-profile people. May 22, 2012
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BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. May 21, 2012