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May 25, 2012
IN PIX: RIM launches BlackBerry Curve 9320 in India
The new smartphone features all the core BlackBerry messaging and social-centric features that keep people connected and offers global 3G connectivity.
Kalam urges IITians to become job generators
"India has the potential to come out of this difficult situation because of its inherent strengths. The strengths are the purchasing power of 400 million middle class citizens and 600 million youth willing to take up challenging missions," Abdul Kalam said at the 14th convocation of IIT, Guwahati.
COLUMN: Pirate Party and Freedom
The Pirate Party is fighting to retain the right to privacy and the right to communicate freely via e-mail, telephone or letters.
'This is NOT the right time to hike petrol prices'
Government needs to rethink its over-dependency on imported petrol, and come up with ways to stabilise the Indian rupee.
Smaller cities are more prone to cyber attacks
Smaller cities in India run the risk of a cyber attack when compared to the bigger ones. A report released by Symantec Corp reveals that smaller and emerging cities such as Bhubaneshwar, Surat, Cochin, Jaipur, Vishakhapatnam and Indoreare increasingly facing the risk of cyber attacks, with 25 per cent of bot- infections in India reported in such cities.
How India, Myanmar bilateral trade can flourish
Myanmar is a member of the Asian Clearing Union and settlement of current account transactions including trade transactions are done through ACU.
Prem Watsa the Indian Warren Buffett goes shopping
V Prem Watsa, the India-born billionaire and promoter-chairman of Toronto-based Fairfax Financial Holdings, a $30-billion plus insurance and investment company, is often referred to as the "Canadian Buffett," a reference to the famous billionaire founder of Berkshire Hathaway, Warren Buffett.
IN PIX: India yet to get these AMAZING electric cars
Take a look at some amazing electric cars.
How to choose a non-resident account
Consider taxation and currency risks before choosing between NRI, NRO and FCNR accounts.
Air India's rich 'workmen'
At the heart of the national carrier's troubles are the archaic labour laws that allow pilots the same rights as industrial workers
Petrol price hike: Bollywood takes to Twitter
Bollywood celebrities took to Twitter to vent their ire over the steepest ever hike in petrol prices.
The RISE of the Indian small town
The performance in 2011 (Q4 over Q1), shows that the smaller Indian towns with a population of less than 1 lakh people, led an impressive growth story: 19 per cent in value terms versus 15 per cent in rural India and 12 per cent in the metros.
Burden on common man would be eased: Cong
UPA ally DMK also opposed the move and demanded withdrawal of the hike.
IMAGES: 14 most fuel efficient diesel cars in India
Another factor that works in favour of diesel cars is its 'full-size' mileage, which falls easy on wallet.
May 24, 2012
Uttarakhand, Kerala cut petrol prices upto Rs 2/ltrPrices of crude oil are rising in international market and that India has to import 80 per cent of its crude oil consumption. Re rebounds from life-time lows; back to 55-level
This marks a turnaround after rupee's 158-paise plunge in the last three sessions.
Bangladesh finds new oil reserves in Sylhet
The discovery has boosted morale of officials of the State-run Bangladesh Oil, Gas and Mineral Corporation (Petrobangla), the parent company of Bapex, who are hoping that other oil fields may be found in similar gas fields across the country.
How AI, Kingfisher crisis benefited JetThe Centre for Asia-Pacific Aviation also expects India's airlines to post a combined loss of a whopping $1.4 billion, with Air India likely to be the 'worst performer' to report a loss of almost the entire amount of $1.3 billion.
HP to cut 27,000 jobs in two years to shore up earnings
"As part of the restructuring, HP expects approximately 27,000 employees to exit the company, or 8 per cent of its workforce as of October 31, 2011, by the end of fiscal year 2014," the company said in a statement.
'The govt has lost the moral right to rule'
As we spoke to people from various walks of life, they all conveyed their anguish over this 'unreasonable hike' and slammed the government for mismanaging the economy.
Who pays the highest and lowest for petrol in India
Petrol prices in India are amongst the highest in the world.
Higher oil prices or higher EMIs? Take your pick
A higher government borrowing will 'crowd-out' the private borrowing and push interest rates higher.
First test flight of Dreamliner for AI successful
A new Boeing 787 Dreamliner aircraft -- which is to be delivered to Air India -- has successfully completed its first test flight in South Carolina, the plane manufacturing company has said.
IMAGES: Former Yahoo CEO's amazing home on sale!
Former Yahoo! CEO Terry Semel is planning to sell his magnificent sea facing mansion in Malibu.
Despite stalled reforms, FDI inflows rise 34% in 2011-12
In 2011-12, FDI rose 34.4 per cent to $46.84 billion, compared with $34.84 billion in 2010-11 and $37.74 billion in 2009-10, according to data from the Department of Industrial Policy and Promotion.
Warren Buffet firm's Gujarat project hangs in balance
The fate of US $ 245-million (approx. Rs 1,356 crore at current exchange rates) chlorinated polyvinyl chloride (CPVC) unit, proposed to be set up through a joint venture between billionaire investor Warren Buffet's firm, Lubrizol Corporation and Ahmedabad-based Astral Poly Technik Ltd, is hanging in the balance as there is no progress on the project since the announcement was made in September last year.
Auto demand to be further skewed towards DIESEL
The domestic car market, which sees sales of almost one diesel car for every petrol car sold, will see demand for diesel-powered cars to hit the roof.
May 23, 2012
Petrol price hike is 'unjust and unilateral': Mamata
Banerjee, the chief of Trinamool Congress, the second major partner of UPA government, however, said her party would not topple the government.
This is what petrol will COST in the 4 metros
This is the steepest ever hike in rates.
Petrol price hike 'unreasonable': BJPPetrol price hike will have a cascading effect and prices are going to go out of control.
Rupee sinks to new low on WednesdayCommerce and Industry Minister Anand Sharma on wednesday said the Reserve Bank of India would have to step in to stem the downslide of rupee. COLUMN: The 'rights' and 'wrongs' of a controversial Bill
The Supreme Court denies the Copyright Board the power to grant temporary licences.
Japanese investors face land, infra hurdles in India
The report, to be released in Japan at the India-Japan Business Summit on the completion of 60 years of diplomatic relations, has termed infrastructure as the biggest bottleneck that has threatened the sustainability of India's economic growth.
Image: Top 30 most valuable global brands
The world's leading brands have continued to grow in value despite the current economic uncertainty, according to WPP company Millward Brown's annual BrandZ top 100 most valuable global brands study.
B-school faculty salaries also take a hit
At the Indian School of Business, Hyderabad, the depreciation of rupee is making it difficult for the institute to offer attractive salary to faculty members it recruits internationally.
COLUMN: What is India's real growth potential?
The nine per cent growth of United Progressive Alliance-I was an aberration.
Falling rupee spells fresh TROUBLE for airlines
Lease and maintenance rentals of aircraft, salaries to expatriate pilots, parking and landing rates at international airports and jet fuel prices are all dollar-denominated costs.
IMAGES: Stunning bridges in France
The Millau Viaduct is a cable-stayed road-bridge that spans the valley of the river Tarn near Millau in southern France.
India's airlines: Here are the best performers
India's air traffic continued to rise in April.
How India can curb the menace of black money
The true lesson of the White Paper should be that there are no quick fixes for what has been a major scourge of the Indian economy for several decades.
FII gains evaporate as dollar turns too hot for rupee
Several stocks cheaper in dollar terms now than in March 2009 when Sensex was below 9,000; FIIs in Coal India IPO stare at losses.
IMAGES of the world's tallest residential building
Towering over the Dubai Marina skyline at 414 metres from base to tip, Princess Tower has been recognised by the Guinness World Records as the world's tallest residential building.
Motorola CEO Sanjay Jha steps down
Jha, who revived Motorola's Mobile Devices business and led the company through this acquisition, has stepped down as CEO, although he will continue to work with Google to help ensure a smooth transition.
IMAGES: Fiat Punto and its 4 closest rivals
The Italian hot hatch with its high-end features along with powerful and refined engine choices poses serious challenge to premium car makers of India.
May 22, 2012
Why your 'chai' is getting costlier
Irregular rain, input cost pressure prompt price rises by some firms; others to follow.
'India to grow at 7.7% in 2013'
According to the Organisation for Economic Cooperation and Development's latest Economic Outlook, India's growth rate is likely to slow to 7.1 per cent in 2012 from 7.3 per cent in 2011, but would inch up to 7.7 per cent in 2013.
He sells jets to India's rich and famous
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
IMAGES: Bumpy road ahead for the new Merc
Does the all-new Mercedes-Benz ML350 CDI, launched two days ago, get it spot on?
IN PIX: Meet 5 highest paid CEOs of the US
For the fifth year, the Wall Street Journal partnered with Hay Group, a global management consulting firm, on its annual survey of CEO Compensation.
A different war at Wagah, on the trade clamps
Business on both sides ready to move into a completely new era, as India and Pakistan begin freeing the genie, maybe, hopefully, irreversibly
Is US living on borrowed money? Its debt = $15 trillion
The United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies.
COLUMN: It's not Greek, Mr Mukherjee
There hasn't been a single confidence boosting measure by the government in the recent years.
Premji says his son Rishad may succeed him eventually
An MBA from Harvard Business School with work experiences in global firms like Bain Consulting and GE, Rishad joined Wipro in July 2007 as a business manager in the banking and finance division.
Why is Nandan Nilekani talking about plumbing?
Government is tougher than the private sector -- but transformative, says UPA's highly visible ex-CEO.
Is Biocon GUILTY of accounting fraud?
Biotech company denies all charges.
IMAGES: How thieves steal crude oil in Nigeria
The underground industry is estimated to be worth hundreds of millions of dollars a year.
Images: World's 10 most popular metro systems
A rapid transit, underground, subway, elevated railway, metro or metropolitan railway system is an electric passenger railway in an urban area. They are either located underground or on elevated rails above street level. Across the world, metros are considered as cheapest and fastest mode of transport.
May 21, 2012
FM tables white paper on black moneyIt has also suggested tax incentives for encouraging use of debit and credit cards as these leave audit trails. SPECIAL: How does the external value of the rupee matter?
The depreciating Indian rupee creates new opportunities.
Is it too early to judge Facebook's performace?
Founded in 2004, by Mark Zuckerberg, 28, the technology company, announced the pricing of its initial public offering of 421,233,615 shares of its common stock at a price to the public of $38 per share.
COLUMN: The exchange rate: economics bites back
After the presentation of the Union Budget in mid-March, the rupee has been again jittery and anaemic, dropping to an all-time low of 54.9 on May 18, raising serious concerns in both the media and Parliament.
US visa probe on Indian cos: Nasscom concerned
India's IT services industry body National Association for and Services Companies has expressed concern over recent probe by the US against some Indian companies, including country's second largest software exporter Infosys, on allegations of violating visa norms.
Images: World's top five IT outsourcing firms
Worldwide IT outsourcing (ITO) revenue totalled $246.6 billion in 2011, a 7.8 percent increase from 2010 revenue of $228.7 billion, according to Gartner, world's leading information technology research and advisory company.
SPECIAL: Unravelling the Greek tragedy
A debt overhang can last generations.
COLUMN: Why the rupee is likely to hit 60/UD$
The sharp and sudden fall in the exchange rate of the Indian currency in relation to the American greenback has taken many by surprise.
Joint property ownership isn't a hurdle to tax benefit
If property is purchased by one person, he/she will get the full tax exemption. If bought together, proportionate exemption is allowed
IMAGES: Dream limousines that you will love to own
Some stunning limousines that are sure to catch eyeballs.
Images: The Rs 7.36 lakh Fiat Grande Punto is here!
Fiat India has added a sports edition model to their hatchback model lineup.
Why Piramal Healthcare is like Berkshire Hathaway
Piramal is pragmatic when he says he's equally clear the conglomerate approach may not be beneficial in the long run. "It's not that we are married to the idea of having everything together permanently."
IMAGES: World's 10 most underrated cities
These cities have a unique charm complete with beautiful locales, history and culture. Yet, they tend to be overlooked by many travellers or are just considered as stopovers.
May 19, 2012
Aditya Birla Group buys stake in Living Media India
The Birlas have earlier forayed only in the entertainment business and in 2003 launched a movie and television software production company called Applause Entertainment, best known for producing Hindi movie Black, starring Amitabh Bachchan.
May 18, 2012
Facebook lists on Nasdaq. Opens at $42.05/share
Setting the stage for the much-awaited trading of Facebook, its founder Mark Zuckerberg on Friday rang the opening bell at the Nasdaq stock exchange. Zuckerberg rang the bell from the headquarters of Facebook in California.
Hewlett-Packard may slash 30,000 jobs
Hewlett-Packard plans to slash up to 30,000 jobs in the coming months, which would be one of the biggest layoffs in American corporate history, says a media report.
Austerity measures on anvil, warns PranabGovernment may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit. Cut spending: Pranab's recipe to stabilise economy
Government may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit in view of the tight economic situation.
India Inc worried about fiscal woes, not Mamata govt
There were concerns among industrialists about direct land acquisition after the present government stated it would not acquire land anymore for industry.
Experts caution on Facebook IPO frenzy
As the shares of social networking giant Facebook begin trading on the NASDAQ exchange today, experts believe that the stock is overpriced at $38 apiece and one must wait for now to invest in the firm.
Column: Why the rupee is on a freefallRupee is well on its way to touching Rs 55 against the dollar.
Kingfisher owes to govt Rs 269 cr Income Tax
Kingfisher Airlines was found to have deducted tax at source on salary payments but had not deposited it in government account, Minister of State for Finance S S Palanimanickam said in a written reply.
'GOOD NEWS! India can grow at 8-9% for 20 years'
Addressing a high level debate on 'State of the World Economy and Finance in 2012' at the United Nations General Assembly in United Nations on Thursday, Ahluwalia said the Indian economy grew at an average rate of 9 per cent in the five years prior to the financial crisis of 2008.
IMAGES: Interesting glimpses from the world of Facebook
Facebook made history by launching one of the largest initial public offerings.
Will Facebook create wealth for investors?
Analysts worldwide are expecting that Facebook can list at a huge premium as the number of shares on offer is minuscule in comparison to the high level of investor interest. They are also expecting a closing price above $50 mark.
Vegetable prices push retail inflation to double digit
Vegetable prices recorded the maximum spurt in prices, up 24.55 per cent, followed by edible oils -- 17.63 per cent and milk products -- 14.94 per cent in April, year-on-year basis.
Will India skip the hypermart stage?
The need to modernise supply chains is pitted against visions of how big retail would devastate small shops.
Cambridge enterprise expert hails Indian 'jugaad'
A new book co-authored by three Indian-origin authors suggests that western companies can adopt the time-tested Indian concept of 'jugaad' -- a frugal and flexible approach to innovation -- to succeed in a world that is hyper-competitive and faces resource constraints.
IMAGES: Visit Vienna's first cat cafe!
After three years of negotiations with city officials over hygiene issues, Austria opened its first cat cafe.
Facebook's $104 bn IPO is among the world's largestThe shares would begin trading on the NASDAQ exchange on Thursday under the symbol 'FB'.
Silicon Valley companies that pay the HIGHEST salaries
Software engineers are one of the most highly paid employees.
Why GOLD is so precious: Interesting facts
Gold is one of the world's most sought after metals.
Rupee has FALLEN by over 202% vs US$ since 1990!
The value of rupee has fallen by over 300 per cent since 1990.
Greece's real threat to the euro zoneIf Greece leaves, and its economy rebounds, the power of its example could split Europe
3G tariff war: Airtel cuts rates up to 70%
In an aggressive bid to improve the slow uptake of 3G services, the country's largest mobile operator, Bharti Airtel, on Thursday slashed tariffs in various plans by as much as 70 per cent across circles.
OMOs aid govt borrowing as RBI fights rupee slide
According to market participants, the OMOs have also come in handy at a time when the central bank is intervening in the foreign exchange market almost regularly to stem the sharp depreciation of the domestic currency.
IMAGES: 7 more cars that are coming soon to India
This year too carmakers are geared up to pump in some fresh blood to their existing cars to keep them in the fray.
'Re fall: Govt must act fast or economy will perish'
A day after closing at a record low of 54.50 against the dollar, the rupee on Thursday slid further to 54.60 intra-day as capital outflows continued but suspected Reserve Bank of India intervention cushioned against a steeper fall and it closed at 54.47.
Antilia is the only home that we have: Nita Ambani
The ultra-luxurious 400,000 sq feet Ambani mansion and its contents continue to fascinate people not only in India but also abroad.
May 17, 2012
How employees are bleeding Air India dryThe vigilance cases ranged from stealing liquor and caviar and flying for other airlines while on the rolls of the national carrier to inflated bills and making claims for bogus attendance.
Samsung launches interactive Smart TV in India
Samsung's new voice control, motion control and face recognition aims at advancing the user experience in a competitive TV market that values ease, convenience and choice.
Petrol price may be hiked by Rs 5, diesel by Rs 3
Fuel prices are likely to be hiked again after the Parliament's Budget session ends on May 22.
Why are all eyes on Pirojsha Godrej?
Hungry for deals, Godrej Properties plans to treble the number of project launches in the current financial year, from five launches in FY2012 to 15 in FY2013.
India's gold demand dips 29% to 207.6 tonne
India's first quarter gold demand decreased by 29 per cent in volume at 207.6 tonne, year-on-year, while it dipped by 3 per cent at Rs 56,650 crore (Rs 566.5 billion) in terms of value.
IMAGES: 15 countries with the highest oil reserves
Crude oil prices are expected to rise this year as Iranian oil sanctions will lead to a drop in oil supply.
Concept Investing: A new way to manage your portfolio
There are varied styles of picking stocks but these may not suit your investment profile. So, check before getting lured.
From boom to doom: BJP blames UPA for the economic crisis
The Bhartiya Janata Party (BJP) pulled up the government for a total policy failure, resulting in grave economic crisis.
Why Indian private equity is at the crossroads
The evolution of the PE market against the backdrop of the strong growth in the economy should translate into strong returns for investors.
BAD NEWS! FM signals tough measures, austerity coming
Informing the Parliament about this, Finance Minister Pranab Mukherjee, however, said the panic button should not be pressed.
Piramal Health buys US data firm for $635 mn
The cash-rich Piramal Healthcare has closed its second deal in the past month to strengthen its pharma research and development business. The company has said it would acquire the US-based Decision Resources Group (DRG) for a consideration of nearly $635 million (Rs 3,400 crore).
Oil firms BLOCK 3.8 million LPG connections
Oil marketing companies IndianOil, Bharat Petroleum and Hindustan Petroleum together blocked nearly 2.9 million LPG connections belonging to customers having more than one connection across states.
IMAGES: Ten countries that have the highest tax rates
Governments around the world are trying their best to achieve the right balance between the rise in overall net revenues, personal income tax rates and tax credits.
Maruti Swift or Ford Figo: Which to BUY?
India, also referred as a hub for small cars, has umpteen hatchbacks running on its roads.
May 16, 2012
Gold falls to 5-week low on reduced offtakeAfter losing Rs 270 in the last two sessions, the gold prices fell further by Rs 100 to Rs 28,440 per 10 gm on stockists selling. No need to panic over falling rupee: FM
FM said the slide would be contained when there is certainty in eurozone recovery.
Are Indian MNCs ahead of the domestic economy?
The Indian School of Business, in co-operation with a Brazilian counterpart, has constructed a transnational index to rank Indian multinationals and thereby gain available insights.
Facebook raises IPO price range to $34-38
The move signals a strong demand from investors.
PHOTOS: World's largest swimming pool
Acknowledged by the Guinness World Records as the world's largest swimming pool, the lagoon measures 1,013 metres (3,323 ft)) in length.
IMAGES: The story behind the sparkling diamonds
When the salesperson starts explaining the 4Cs -- cut, clarity, carat and colour -- this alluring piece of stone becomes even more enchanting.
AI starts intl flights; pilots want govt to initiate talks
As the stir by the pilots entered the ninth day, the Airlines curtailed and clubbed many of its flights to the US and Europe to stabilise international operations.
Monsoon to keep date with India, hit Kerala on June 1
The southwest monsoon is likely to hit the Kerala coast around June 1, well within its normal date of arrival, the India Meteorological Department (IMD) said.
IMAGES: 20 BEST companies to work for
High salaries, great perks and a fantastic work environment make these companies an employee's dream destination.
SPECIAL: What are the implications of Facebook's IPOThere are considerable implications for corporate governance in the structure of the initial public offering of Facebook.
IMAGES: Renault Pulse petrol and its 3 closest rivals
The price of the car is quite tempting considering the fascinating features that this new petrol model sports.
There is more to Indian IT story, believes TCS head
"The opportunity that we have ahead of us is much more than what we have seen in the past," says Natarajan Chandrasekaran.
May 15, 2012
IMAGES: The Rs 60 lakh Mercedes Benz M Class now in India
Mercedes Benz India has introduced this M Class in two editions.
IMAGES: 30 stunning heritage trains of the world
We present in this slide show, 30 heritage railways from the pages of history.
Govt decides to cut Iran oil import by 11 per cent
Succumbing to the US pressure, India has decided to cut crude oil import from Iran by over 11 per cent this fiscal to 15.5 million tons.
AI cancels 10 intl flights; unions seek end to standoff
With a medical summary issued by the aviation ministry stating that most of the AI pilots, who called in sick, were neither found at home by doctors sent by the airline nor reported to doctors.
Infrastructure projects that will CHANGE the world
Some of the world's biggest and most expensive infrastructure projects are in China.
India's medicine man strikes again
To some -- especially western drug companies -- he is a 'pirate'. To others, mostly those in developing countries, he is an unparalleled hero. Either way, Yusuf Hamied, 75, is perhaps the most talked about man in pharmaceutical circles in the last decade.
IMAGES: 16 cars that will even make James Bond drool
So, this year from Ferrari, Lamborghini to Bentley, Land Rover and many other luxury cars have made a significant impact across every auto show that this year.
Future Generali Life shuts 55 branches, cuts staff
The downsizing is a direct fall-out of the slowdown in the business and the promoter's plan to sell stake in the life insurance business.
PHOTOS: Biggest revenue-generating companies
Manufacturing is one of the most important pillars of the world economy.
AI strike: Airfares on intl routes up by at least Rs 20K
Owing to a demand-supply mismatch, all the airlines are seeing an increase in revenues.
Moody's cuts RIL credit rating to NEGATIVE
Sequel to firm's announcement of cut in K-G gas reserves after long decline in output; agency says it expects decline in cash flows.
IMAGES: A real modern city where no one will live!
This will be a high tech city comprised of urban, suburban and rural environments and a mix of new and aging infrastructure.
May 14, 2012
India to be among TOP 10 economic superpowers in 2013
Next year, India will become one of the world's 10 biggest economies.
Highly polluting industry: Bengal tops the list
The survey was conducted in 88 major industrial clusters in the country.
ArcelorMittal Orbit: An architectural WONDER, and more
An amazing architectural masterpiece, 'ArcelorMittal Orbit' is a 115 metres (377 ft) high observation tower in the Olympic Park in Stratford, London.
COLUMN: Why drought reigns eternal in India
Each year, first we have crippling droughts between December and June, and then devastating floods in the next few months.
Three senior executives at JP Morgan may quit: Report
Three senior executive of JP Morgan Chase & Co's are expected to leave over the US-based global banking giant's over USD 2 billion loss on derivative trades, says a media report.
IMAGES: 5 top selling hatchbacks in India
While sales of hatchbacks were quite impressive in February and March, the burden of excise duty had its toll, and in April, the figures were quite subdued.
SPECIAL: Indian economy will perish without reforms
India's political leadership needs to demonstrate persuasively that economic reforms are on track
Inflation rises to 7.23 per cent in AprilInflation moved up to 7.23 per cent in April on account of spurt in prices of vegetables, meat, milk and pulses, although onion and fruits showed a declining trend.
How Tata Croma plans to make it big
Tata Group's Croma, which launched its e-retail store last month, is reworking its backend to secure its early mover advantage
PHOTOS: Biggest pharmaceutical companies in the world
Pharmaceutical industries is one of the biggest businesses in the world.
Fab five sectors salvage India Inc's bottom line
An analysis of 989 companies that account for 52 per cent of the total market capitalisation on the Bombay Stock Exchange shows net profit growth of 2.7 per cent over the previous year was reported mainly due to strong profit numbers registered by players in banking, cement, information technology, pharmaceuticals and fast moving consumer goods.
INFOSYS top management SALARY bill crosses $10 mn
This marks an increase of about 50% from previous year.
May 11, 2012
IMAGES: The Rs 4.25 lakh Renault Pulse petrol launched
The company is offering a total of 3 trims of this petrol variant along with the RXE trim; the other two trims are RXL and the top end RXZ.
IIP disappointing, weak sentiments hinder recovery: FM
Factory output, as measured by the Index of Industrial Production, contracted in March to a five-year low of 3.5 per cent.
Have foreign assets? Get ready to detail these
The new I-T return forms make things more complex. Even trustees or nominees are in for a tough time.
PHOTOS: Beauty of Mercedes-Benz
Mercedes-Benz is one of the most iconic brands in the world.
Airlines warned against hiking fares beyond their band
The DGCA order came in the wake of members of the Parliament raising the issue in Parliament on Thursday and asking the government to act.
2G: Apex court to hear Presidential Reference from July 10
The Reference has asked the court for its view whether the verdict in the 2G case be given retrospective effect for radio waves granted since 1994.
US economy getting stronger: Obama
Claiming that the US economy is getting stronger, President Barack Obama, has said it is time that businesses move back their manufacturing from China, as he hit's the campaign trail this week.
Industrial production dips by 3.5% in March
The industrial production has been dismal at 2.8 per cent in 2011-12 as compared to 8.2 per cent in previous fiscal.
JPMorgan loses $2bn after bet goes wrong
JPMorgan Chase took the market by surprise on Thursday after it announced a $2 billion trading loss.
Kingfisher pilots call off strike
Pilots have been protesting since Thursday against non-payment of their due salary.
SC refuses to entertain AI's plea, strike continuesThe ongoing Air India crisis deepens further as it enters the fourth day on Friday and there seems to be no respite as the situation is turning from bad to worse.
Poverty falls in Orissa, rises in Delhi
Among the major states, Orissa recorded the steepest fall in poverty from 2004-05 to 2009-10.
PHOTOS: Largest hotels in the world
There are some hotels that are so big that they can easily accomodate a small town.
A trip across the world's LONGEST railway tunnel
The daunting excavation work to build the world's longest railway tunnel beneath the Swiss Alps is complete.
IMAGES: America's 20 largest corporate giants
Oil giant Exxon Mobil beat Wal-Mart Stores to become America's largest corporation.
PHOTOS: New electric car hits the road
Fisker Automotive is an American car company, founded in 2007.
May 10, 2012
STUNNING pix of new TAG Heuer Carrera Monaco
TAG Heuer launched Carrera Monaco Grand Prix Limited Edition Chronograph in Mumbai on May 10.
COLUMN: Celebrating water traditions
The main reasons for water scarcity are wastage, pollution and unsustainable management.
Reliance buys stake in HDFC, ICICI Bank and Axis Bank
Awaiting regulatory approvals for its foray into financial services sector, Mukesh Ambani-led Reliance Industries has acquired shares in giants like HDFC, ICICI Bank and Axis Bank as part of long-term 'investments'.
IIT alumnus named new chancellor of California varsity
Pradeep K Khosla, dean of Carnegie Mellon University's College of Engineering, also known as the Carnegie Institute of Technology, has been selected as the eighth chancellor of the University of California, San Diego.
PHOTOS: Most powerful cities in the world
World's top 100 metros generate roughly half of the globe's total economic output.
Kingfisher pilots report sick, Delhi flights hitA section of Kingfisher pilots have reported sick in protest against non-payment of salaries.
IMAGES: Amazing inventions from Chinese farmers!
Chinese farmers are at their inventive best.
Planning a holiday this summer? Travel closer to home
With the rupee down over 20 per cent against the dollar in one year, one could go to countries where the currency is not suffering as badly.
AI stops bookings for US, Europe, 9 more pilots sacked
Over 20 Air India flights were cancelled on Thursday from Delhi and Mumbai as the agitation by the protesting pilots entered the third day.
Slowdown hits campus placements
Placement season drags on as B-schools find it difficult to place students despite making changes in their policies
Rupee gets euro zone jolt, hits all-time lowRBI intervention fails to arrest decline, experts feel govt must get house in order to weather shocks.
PHOTOS: 20 Indian companies that are most 'global'
Transnational companies accounted for a quarter of the world's GDP1 in 2010.
PHOTOS: Top shopping streets in the world
There are many shopping streets in the world, but only few have everything.
Volkswagen Beetle: A DELIGHT for car lovers
Born in 1938, the Volkwagen Beetle is still a rage among car lovers.
Infosys STIFFENS whistleblower policy
Gives more reporting options to staffers who wish to flag a wrong practice; sequel to changes required from US law, experience.
Maruti HIKES prices of new Swift Dzire
Based on the new Swift hatch, 2012 Dzire is selling like pancakes.
How to buy properties in foreign countries? GREAT tips
More and more Indians are opting for offshore properties as a second home in exotic locations.
May 09, 2012
HC holds Air India pilots' strike illegalSix international flights were cancelled. AI strike enters 2nd day: Passengers hit hard
While the government continues to grapple with 150 errant Air India pilots who have refused to fly for the second day, stranded passengers are left wondering what to do next
Work-life balance? Indians are happier!
According to the workplace provider Regus' job satisfaction indicator -- Work-Life Balance Index -- the country has scored 139 points in 2012, a 15 per cent rise from 2010.
No hike for 4 years, Mukesh's salary remains Rs 15 crHowever, RIL's total outgo towards remuneration to its all top management personnel, as also the sitting fees and commissions for its non-executive directors, increased during the fiscal year ended March 31, 2012.
IMAGES: 5 Indian companies lead in global race
Indian companies, like their Western counterparts, are becoming more global with mergers and acquisitions.
Why RBI has little room to cut interest rates
To balance growth and inflation, tax reforms such as GST and investments in increasing food productivity are vital
Here's what Murthy panel plans for higher education
The panel's report could be considered while framing the final document for the 12th five-year Plan.
Report card: How India's top 4 IT companies performed
TCS delivered the best all-round performance, while Infosys and Wipro were dragged down by problems plaguing their restructuring initiatives.
Road still potholed for infrastructure firms
With another rate cut unlikely to happen soon, coupled with a muted order inflow trend, investors should tread with caution.
Are FM's changes to the Budget necessary?
It has become clear that many things were wrong with the taxation proposals made in the 2012-13 Budget. In attempting to fix the fiscal deficit, the government decided it was necessary to increase the tax base.
Why Infosys employees are unhappy
There is a surge in number exploring a change at middle and senior levels; recruitment agencies cite restiveness on pay, work patterns.
SHOCKER! Fuel price may rise again in June
Price hikes of controlled petroleum products such as diesel, cooking gas and kerosene have been happening annually in the month of June, irrespective of the companies' losses.
Ready for talks, but pilots must withdraw strike: Govt
Three international flights of Air India were cancelled from here and Mumbai as the agitation by a section of pilots entered the second day on Wednesday.
What the UPA govt can learn from Mumbai's B.E.S.T
Bad economics does not always mean good politics. Its time UPA woke up to that.
Photos: Google gets licence for self-driving car in US
Google, known more for its search engine and e-mail service, has bagged the first licence in the US to test self-driving cars along busy public roads in Nevada.
IMAGES: Maruti Ertiga and its 3 closest rivals
Maruti Suzuki has tried its level best to fit Ertiga with powerful engine options, impressive features and 'killer looks'.
PHOTOS: Amazing electric cars set to hit the roads
Future of electric cars looks bright.
IMAGES: Biggest electricity companies in India
Electricity sector in India had an installed capacity of 199.6 Gigawatt as of March 2012.
May 08, 2012
Excise duty on diesel cars may be hiked
The Ministry of Petroleum and Natural Gas is demanding an increase in excise duty on diesel cars with a view to discouraging consumption of subsidised fuel by personal vehicle owners.
Cognizant lowers its revenue guidance on 'slow demand'
Information technology services company Cognizant Technology Solutions on Monday met its revenue guidance given for the quarter ended March 30 and projected its April-June revenues to cross those of Infosys, something long anticipated in industry circles.
India, Pakistan to relax norms for businessmen
India and Pakistan are expected to sign a revised visa agreement making liberalised provisions for businessmen when the Home and Interior Secretaries of the two countries meet for talks in Islamabad later this month, Indian High Commissioner Sharat Sabharwal said.
IN PIX: Will Audi Q3 manage to beat BMW X1?
After being crowned the second best car company in the luxury segment in India, Audi is ambitious to rule the Indian luxury car segment by the year 2015.
Amazing attraction: A house built upside down!
Polish architects Glowacki and Rozanski have built a house upside down in Austria to attract tourists.
PHOTOS: Most expensive projects in the world
World has seen many mega-projects, but not all have turned out as planned.
PHOTOS: Underwater hotel planned in Dubai
Dubai has some of the best hotels in the world.
Good News: Jewellers to cut making charges by 25 per cent
Set to begin next week, the first of its kind uniform discount offer from all jewellers across the country, would be valid for 10 days nationwide.
Glimpses of amazing futuristic vehicles, gadgets
Take a look at some of the most amazing vehicles and gadgets.
India reduced import of Iranian oil in the last 4 years
In the last four years, India has significantly reduced its import of Iranian oil by volume from 16 per cent in 2008 to 10 per cent now, a US Congressional report has said.
How to get the best of debt instruments
For risk-averse investors, there is a choice of a wide range of debt products. Each of the products has its own utility, depending on your goal and investment horizon.
AI strike: 10 agitating pilots sacked, union de-recognisedFour Air India international flights were cancelled from Delhi and Mumbai today after about 100 pilots refused to join work.
Golden TIPS on how best to take care of your car
Proper functioning of the engine is obviously very important for the overall health of the car.
TCS, Infy, Wipro among world's most valuable IT brands
Brand Finance assesses the dollar value of the reputation, image and intellectual property of the world's leading companies.
IMAGES: Biggest natural gas fields in the world
Natural gas is found in deep underground natural rock formations or associated with other hydrocarbon reservoirs.
May 07, 2012
India Inc holds on to its cash
Indian companies are holding as much as Rs 2.34 lakh crore (Rs 2.34 trillion).
Delay in reforms inevitable in a coalition: FMExudes confidence that RBI's rate cut move will revive investments and business sentiment; India to get $6.25-bn ADB assistance over three years
Special: How to make NGOs successful
The first is the orchestrated approach to organizing the NGO and the second is like improvisation at every step.
Private bankers put their money on 'middle India'
Take their credit card business to sub-Tier-II cities to tap latent demand
PHOTOS: India among biggest buyers of land
The increase in the price of agricultural commodities was accompanied by a rise in media reports of huge transnational farmland acquisitions.
How best to plan your finances while travelling
You will have to plan it in advance to bag good deals and save at the same time
IMAGES: World's 12 TALLEST buildings
Dubai's Burj Khalifa is currently the tallest building in the world.
Tatas among TOP 5 leadership firms in Asia
In the annual Best Companies for Leadership Study by the global HR consulting firm, the Tata group shared the limelight with other global companies like Procter & Gamble, IBM, Coca-Cola and Unilever.
Smaller cities may find place in air map
A fund, Essential Air Services Fund or EASF, will be created for paying the subsidy.
Cut down Iranian oil purchases: Hillary to India
US Secretary of State Hillary Clinton on Monday urged India to do "even more" to cut its purchases of oil from sanctions-hit Iran to keep pressure on that country to o prove its nuclear programme is peaceful.
How Uttarakhand is different from Himachal Pradesh
"Look at Uttarakh#8743 there the government first developed land and then called industry." Rawat's sentiment finds echo across Himachal. "In Uttarakhand, the development was much more planned," says C N Dhar, senior vice-president, Indo Farm Equipment.
PHOTOS: A look at some of the hottest cars
This year's Beijing Auto Show attracted the biggest and best car manufacturers from around the world.
Panel rejects Bihar's demand for special category status
The panel, under the supervision of the Planning Commission, also turned down the demand for area-based fiscal concessions for Bihar on the grounds that it was not consistent with the proposed reform measures under the Direct Taxes Code and Goods and Services Tax.
SPECIAL: Is India's growth story going awry?The cumulative impact of flagging investments that set in during 2011-12 has taken the shine off the India growth story.
Ford's India story: Successes and challenges
Ford's India boss, shares that the success of the Indian market so far has also come with its share of challenges.
How Siemens is learning to be 'smart'
From X-ray machines to circuit breakers and airport conveyor belts, from signaling systems to switch gears and foetal heart beat monitors - a portfolio of low cost, locally made, no-frills products is helping Siemens reinvent itself.
Bears take charge as key support levels break
Clarity on GAAR, IIP data & rupee movement to guide investors.
May 04, 2012
Facebook IPO: Mark Zuckerberg to become RICHERFacebook Inc's initial public offering will vastly increase the wealth of its 27-year-old co-founder Mark Zuckerberg, leaving him with over $ 1 billion in cash and stocks worth $17.6 billion.
Huge investment scope in India; $1-tn in 5 years: FMOffering "huge scope" for foreign investments, Finance Minister Pranab Mukherjee on Friday said India needs about $1 trillion in next five years for infrastructure development, half of which has to come from the private sector.
Sensex dips below 17k after 4 months
The rupee slid as low as 53.84 per dollar, the weakest since December 15, lifting the cost of imported oil, fueling inflation and reduce scope to cut interest rates.
Nine Indian Americans in Forbes 'Midas 100'
Nine Indian Americans have made it to the list of 100 dealmakers with "Midas Touch" compiled by the Forbes Magazine.
Narayana Hrudayalaya plans low cost heart hospitals
Bangalore-based Narayana Hrudayalaya Hospitals (NHH) which is setting up Rs 600 crore Health City in Bangalore, announced that they plan to build low-cost heart hospitals across India with collective capacity of 30,000 beds in the next 5-7 years time.
Railways need Rs 15,460 cr to complete 918 projects
Minister of State for Railways Bharatsinh Solanki said during Question Hour that against the demand of about Rs 47,000 crore (Rs 470 billion), the gross budgetary support for 2012-13 is only Rs 24,000 crore (Rs 240 billion).
Is the euro going down?
Ever since the European sovereign debt crisis first came into sharp focus in late 2009, talk about "the end of the euro" has been going on and off.
PHOTOS: New engines to power supercars
New car unveilings aren't the only happening thing that happened at the Beijing Auto Show.
How mobile phones are helping farmers in India
Ossian Agro Automation Private Limited, a Pune-based manufacturer of rural wireless automation systems, is in dialogue with Nokia to offer 'Nano Ganesh', a product which allows farmers to use mobile phones to remotely monitor and switch on or off their irrigation pumps, bundled with the Finnish company's handsets.
PHOTOS: When will these 7 stunning cars come to India?
China's annual automotive event, Auto China 2012, saw a record numbervisitors.
Facebook sets IPO price range at $28 to $35
On Thursday, all eyes were on Facebook, as it announced a proposed price range of $28 to $35 per share for its initial public offering.
Fall in output: Penalty on RIL hiked to $1.46 billion
The ministry had previously wanted to disallow $1.235 billion expenditure that RIL had incurred on putting production facilities at the Bay of Bengal gas fields but in the 7-page notice it sent to the company on May 2, the cost to be disallowed was put at $1.462 billion, sources privy to the development said.
Kingfisher in talks with tenants to avoid eviction
The airlines sources confirmed the development and said the management is negotiating with the developers to resolve the deadlock.
PHOTOS: Stunning bridges of Switzerland
Switzerland has some of the world's most remarkable transport infrastructure.
Debt: West Bengal facing Greece-like tragedyExperts say moratorium on interest not a solution, debt needs to be restructured; state must look for avenues to increase revenue and curtail expenditure.
$80,000 fine slapped on Air India
This is the first penalty assessed for a violation of the department's new airline consumer rules that took effect last August.
PHOTOS: World's 20 safest banks
Bank stability is an ever-more pressing concern for the world's corporations and investors says Global Finance, while announcing the half-yearly update of its ranking of the world's 50 safest banks.
60% of rural India lives on less than Rs 35 per day
According to the 66th round of National Sample Survey carried out between July 2009 and June 2010, all India average monthly per capita consumer expenditure in rural areas was Rs 1,054 and urban areas Rs 1,984.
PHOTOS: Biggest telecom companies in the world
Telecommunication is one of the fastest-growing industries in the world.
IMAGES: 6 swanky cars that will be in India by 2014
Quite a few international players also have ambitious plans for the Indian roads.
May 03, 2012
'Possibility of a normal monsoon is less than half'
Commission for Agriculture Costs and Prices cairman Ashok Gulati tells Business Standard that IMD's prediction should be taken with a pinch of salt, as data shows there is usually a deviation of eight-10 per cent from the standard margin of error in many met predictions.
Gold at life-time high of Rs 29,695Gold prices on Thursday rose to all-time high of Rs 29,695 per 10 grams in the billion market here as investors shifted funds from melting equity markets to the precious metal, considered as a safe-haven investment.
IMAGES: The new Audi A4 is priced at Rs 27.33 lakh
The sedan is offered in both petrol and diesel variants with their iconic Quattro option.
JLR to build new Jaguar F-type sports car
According to The Telegraph, JLR intends to invest around 200 million pounds on expanding the facility by 50 per cent.
Investments from GCC to India remain negligible: Report
Investments from the Gulf Cooperation Council (GCC) countries to India remain negligible relative to trade flows and represent just a small percentage of total FDI from the region to the world, says a report.
Harvard, MIT launch initiative to offer free online courses
The new online education platform 'EdX' would be overseen by a Cambridge-based not-for-profit organization and be owned and governed equally by the two universities.
PHOTOS: The smallest car in the world
There is a company that became famous for producing the smallest car in the world.
Photos: Indian states with the largest highway network
India has the second largest road network in the world, stretching across a distance of 33 lakh kilometres.
Despite a gloomy economy, consumers are still spending
There is much gloom about macroeconomic fundamentals. Yet consumer sentiment seems to contradict any sense that the India story is stuttering.
PHOTOS: Youngest Indian CEO in US shares his story
Sahil Lavingia had already created dozen of apps by the age 16, says .
What is thwarting the growth in the country?
The speed at which political statements of doubtful veracity acquire the aura of gospel truth is astonishing. One such "truth" is: coalition compulsions impede economic reforms. Even Chief Economic Advisor Kaushik Basu believes in it. He recently said, "Thanks to coalitional democracy, there is some slowdown in economic reforms and decision-making."
Why this year will be crucial for global economy
Meanwhile, an ADB report presented at the seminar said this year could prove crucial for the global economy as financial tensions in Europe could escalate further and there remains concern over fledgling economic recovery in the US.
How the new policy will affect telecom sectorThe 2G judgment and Trai spectrum pricing have led to a policy that makes sense for only one survivor.
Bharti Airtel: All's well that ends well?
Total network minutes rise 5% q-o-q but revenue per minute down 1.9%
Murdoch's lessons for India's state and media
Would-be Indian Murdochs should take note: they will likely not be allowed Mr Murdoch's four decades. And the Indian state may not be as restrained in response as the British state has been.
Amazing IMAGES reveal the cost of global warming
Global warming is the rising average temperature of Earth's atmosphere and oceans since the late 19th century.
Images: Satyam ready to take on big boys of IT
Union of scam-tainted Satyam and telecom-focused Tech Mahindra has produced a fitter company.
May 02, 2012
TCS overtakes RIL as India's most valued firm
Tata group firm TCS on Wednesday replaced Mukesh Ambani-led Reliance Industries as the country's most valued company in terms of market capitalisation, as investors rallied behind the shares of the IT giant.
'HUL's strategy is to build great brands'
Hindustan Unilever reported good numbers for the fourth quarter and for 2011-12, despite commodity inflation and currency fluctuations.
What is the new normal for growth?The RBI has benchmarked trend growth at 7.5 per cent. That means India's potential has declined.
Why India, China are next destination for talent
Multinational companies are ramping up in new markets on a scale that is incredible and presents opportunities for Westerners looking for jobs in India and China.
It's time for government to get real on reforms
The government has to make up its mind. Mere articulation of a desire to take tough measures is not enough. It needs to implement those measures and prevent the adverse consequences of a higher fiscal deficit.
Photos: World's top 14 technology companies
Apple Inc tops the Forbes list of world's top technology companies.
Is S&P's negative outlook justified?
The outlook cut is based on a weak premise since the economy is expected to rebound this fiscal but a wake-up call was needed.
PHOTOS: Japan Airlines brings Dreamliner to India
Japan Airlines has become the first airline to launch Dreamliner Boeing 787 flights to India.
Indian cos stepped up US hiring during recession: CII
Over 70 per cent of these companies have increased staff since 2005, and expect to create another 3,400 jobs this year.
A look at India's top performing states
An assessment of how different states performed in the seven-year period from 2004-05 to 2010-11 brings out interesting nuggets of information that seem to challenge the conventional wisdom on which states are growing fast and which are laggard.
More trouble for Adidas
Former company MD likely to file a legal notice against his former employers
Column: Almost nothing is right with Obama and America
The growing weakness of the US economy means re-election is getting tougher for Barack Obama.
Exports fall for the first time since 2009
Exports dropped 5.7 per cent to $28.6 billion from the same period a year earlier.
White-collar strike hits outsourcing company WNS
The strike has been on for four days at the Nashik centre of the business process outsourcing company, which has a headcount of 23,874.
IMAGES: Maruti plans to launch 5 more new cars
Maruti India started year 2012 with a bang and launched 5 cars, and promises to launch five more this year.
SPECIAL: Air India's last chance for a take-offPromises of a turnaround have been made before to little effect, so it's natural to feel a flood of scepticism at such proclamations.
Uninor moves SC on Trai's auction proposals
Says recommendations not in line with court order; move follows Telenor threat to quit India.
IMAGES: It's a plane with a difference
In October 2005, EVA Air launched a campaign with Japanese company Sanrio to create the "Hello Kitty Jet," featuring the popular Japanese character.
May 01, 2012
Europe's debt crisis is BACK
ECB's long-term refinancing operations solves nothing.
How GOOD is succession planning in Indian cos?
Developing a deep bench is a human resource issue.
IMAGES: A look at top car logos of all times
Logos have a very important role to play in defining the personality of a car. Naturally, it's a well thought out strategy or in cases it is encapsulated by some interesting story.
PHOTOS: How fishermen struggle for a livelihood
It's a tough life for these fishermen across the world.
Adidas admits to India IRREGULARITIES
Says may take euro 125-mn hit.
Photos: Searching for GOLD in Indonesia's hills
Take a look at gold mining in Indonesia's hills.
Google's Nikesh Arora to get $8 mn in lieu of stock
Arora had received certain Google stock options and stock units in April this year which were scheduled to vest on April 25, 2015.
Birla sees FUTURE in Biyani's fashion biz
Aditya Birla Nuvo to buy controlling stake in Pantaloons Stores; Biyani gets Rs 1,600-cr boost; deal to create the country's largest fashion retailer.
How delivery boys, taxi drivers risk DEATH everyday
Going is not easy for delivery boys, microfinance agents and cab drivers.
April 30, 2012
TCS becomes India's 2nd most valued company
The market capitalisation of a listed company corresponds to the cumulative market price of all its shares.
PHOTOS: Two Indians among richest Britons
It's no secret that Indians the world over are making their mark in various fields.
240 million Indians suffer from poor quality of life
The gap between the haves and have-nots may actually be widening, the survey said, releasing the results of its recent opinion poll in which nearly three-fourths or 73 per cent of the respondents perceived corruption as being widespread in the government.
How Chidambaram plans to tackle cyber crime
Chidambaram said dimensions of security problem increased manifold in the online space and 'we have to build lawful interception capabilities'.
Advani's take on India's weaknesses and difficulties
Bhartiya Janata Party patriarch Lal Krishna Advani has picked up for his blog this week a new book by the US-based Morgan Stanley executive Ruchir Sharma that identifies "graft driven inflation" and "crony capitalism" among the weaknesses and difficulties that can be a damper for India's high expectations.
PHOTOS: World's 20 youngest billionaires
Mark Elliot Zuckerberg is known for co-founding the social networking site Facebook.
Spectrum shifting means Rs 10,000-cr burden: Vodafone
The government has in-principle approved refarming (shifting) of spectrum and was waiting for Telecom Regulatory Authority of India's recommendations in this regard to start the process and formalise it as part of the new telecom policy.
COLUMN: Mirage of local empowerment
Poverty, unemployment and inequality are not problems that communities can solve on their own.
Where is the Indian economy heading? Ganesha speaks
Ganesha analyses the chart of Taurus rising Ascendant with Krutika Constellation. Rahu is in conjunct with the degrees of Ascendant. Mars is posited in second house whereas Jupiter is in Sixth house. Ganesha observes a stellium of six planets in third house.
Mamata's makeover plans for Bengal transport
To put in place an effective and economically vibrant transport system by this September, the West Bengal government is contemplating voluntary retirement scheme to shed out willing and physically unfit employees.
Whatever may happen in politics, India will grow: Mittal
The second richest Indian said he felt bad about the delays his projects faced in India.
SPECIAL: The curious case of rising prices
Our economic climate since the spring of 2007, when foodgrain prices started their journey northwards, has created an imbalance in market power between buyers and sellers, to the great disadvantage of the former.
The STUNNING i-Gen i20: On the fast lane
The new line-up will be supported by a 360-degree marketing campaign touting 'I live the uber life'.
Why Met dept's monsoon forecast goes haywireThe IMD projects total rainfall in the June-September monsoon season as being 99 per cent of the long-period average.
PHOTOS: Cars world's richest people drive
Many ultra-rich people drive small and inexpensive cars.
Parting shots: The hostile exit letter as an art form
Every parting shot needs a 'so what?' Once the author has seized the attention of a reader with grief and loathing, one can press for action: change the direction of the enterprise.
EGoM given sweeping powers on 2G auction
PMO to have direct say in decision-making through MoS Narayanasamy.
Maruti Suzuki to effect cost cuts to boost margins
As part of this cost-cutting exercise, the company has initiated measures to step up localisation levels and to pare the number of tier-I suppliers over the next two-three years.
M-cap of top 7 firms dips Rs 28,760 cr, SBI biggest loser
Coal India's value dropped Rs 7,200 crore to Rs 2,21,799 crore, becoming the second biggest loser in the list
Why you must be wary of PSU stocks
The entire basket is likely to suffer for sometime and offer lucrative short positions.
April 28, 2012
We are very POSITIVE on India: Piaggio chairman
The economic squeeze may be getting tighter in the euro zone -- and more so in Italy apart from Greece and Spain -- with every passing day. But that has in no way deterred group Chairman and CEO of Piaggio & C. S.p.A Roberto Colaninno or affected his investment plans for India.
April 27, 2012
Vested interests sucked life out of Air India: Par panel
Two parliamentary panels have castigated the government over the precarious health of Air India, with one of them saying "unscrupulous and vested interests" had worked overtime to "suck the life out" of the national carrier.
DLF unlikely to continue with IPL title sponsorship
With the slump in real estate market and television ratings, DLF, the country's largest real estate developer, is unlikely to continue with the title sponsorship of the Indian Premier League, according to sources close to the development.
Lufthansa introduces its Boeing 747-8 in India
India is the first Asian country where Lufthansa will deploy its latest fleet member the B747-800.
How Wipro is gaining from a revampThis is evident in the firm's client addition and mining abilities, and also in its ability to stabilise employee attrition.
IMAGES: Ford EcoSport set to hit Indian roads soon
These days the talk of the globe is Ford EcoSport.
Will do everything to bail out Bengal: PM
A day after they placed their demands before Finance Minister Pranab Mukherjee, including restructuring of the 'massive debt burden' faced by the state, a delegation of Trinamool MPs met the Prime Minister to raise the issue.
First Look: Mumbai-Ahmedabad AC double-decker train
Commuters will soon enjoy the experience of travelling by a double-decker airconditioned train between Mumbai and Ahmedabad.
PHOTOS: The quest for gold in Mongolia
Mongolia remains the least densely populated country on the planet at 1.7 persons per square kilometres.
Reforms were easier to do in 1989: Commerce Secretary
India's merchandise exports crossed the government's target of $300 billion in the last fiscal and reached $303.7 billion. But according to Commerce Secretary Rahul Khullar, the present fiscal is going to be tougher.
India-Pakistan trade ties leapfrog
Saturday would mark the completion of a year of history being made in India-Pakistan trade relations.
IMAGES: Hottest real estate markets in the world
It is expected that the global real estate market will see some major improvements in the latter half of the year.
Kaushik Basu: Right man, wrong job?
Kaushik Basu became a headline hogger recently, but for what he says are all the wrong reasons.
Why Indian Railways' finances are in a mess
Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
15 most desired destinations for emigrants
million Chinese and 10 million Indians are eager to move to America permanently.
PHOTOS: Lamborghini CEO on a speed mission in India
The German-born, Italy-raised paratrooper-turned-automobile poster boy embodies Lamborghini's raging bull image.
Why RBI thinks India's financial system is strong
RBI Deputy Governor K C Chakrabarty said the central bank will come out in June with its next financial stability report, which showcases the country's financial strength, and
PHOTOS: Longest train journeys in the world
Train journeys are almost always a memorable experience.
April 26, 2012
Will S&P's outlook downgrade spur reforms?
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
Black money: 8 overseas I-T units to open soon
The Income Tax officials, having a tenure of three years, will function from the Indian Missions in Washington DC (the US), London (the UK), Berlin (Germany), Paris (France), The Hague (Netherlands), Abu Dhabi (the UAE), Cyprus (Nicosia) and Japan (Tokyo).
Will Tata Motors' outperformance sustain?Tata Motors has seen strong upgrades in volume, top line and profit estimates, after reporting an unexpectedly superlative quarterly global volume performance for Jaguar Land Rover (JLR). It was led by strong demand for the Evoque SUV from the Land Rover stable.
How they make gold out of dust
About 5,000-6,000 people are dealing in gold dust in West Bengal for months along the Ganges in and around Shibpur area of Howrah district without any licence whatsoever.
Now, get your insurance policy online
A month down the line, you may be holding insurance policies in electronic form. According to sector experts, the regulator is in the last lap of checking repositories' preparedness and infrastructure, and is likely to allot licences by May-end or early June.
SHOCKING: 345% rise in Delhi airport charges
DIAL allowed to charge user development fee from both departing and arriving passengers
Kolkata may soon get cafeteria trams
The plan, being put together by the transport and tourism departments, could just be a shot in the arm for the cash-strapped CTC.
PHOTOS: Made-in-India Google Drive to roam Internet
Google's engineering teams in Bangalore and Hyderabad have built it.
Lawmakers praise Indian cos for boosting US economy
In a rare show of solidarity, more than 20 top American lawmakers turned up for a Capitol Hill reception organised by the Confederation of Indian Industry.
PHOTOS: Demand for seats in lower rung B-schools to drop
Industry fears 1,00,000 management seats out of 3,50,000 to remain vacant this year.
Weak govt biggest drag on India's growth: Moody's
It has blamed lack of political will for the slow reform process.
People in slums? Here's a new deal
A third of urban India and half of some metros live in slums.
S&P cuts rating outlook of SBI, ICICI, HDFC Bank
India's top 10 banks, including the SBI, ICICI Bank and HDFC Bank suffered a collateral damage following the Standard and Poor's lowering the country's sovereign rating outlook.
PHOTOS: 3 cities in India among fastest growing
About 52 per cent of the world's population currently live in urban areas.
April 25, 2012
Biggest deal: Citi buys Mumbai office space for Rs 985 cr
Global banking major Citigroup has stuck the biggest property deal in recent years in the country by paying a hefty Rs 985 crore (Rs 9.85 billion) for six floors in the upcoming First International Financial Centre (FIFC) Tower at the coveted Bandra-Kurla Complex, to house its country headquarters.
Food inflation rises, no relief for next 6 months
Experts said onion prices, which are seeing deflation, are also headed to high-inflation territory in the coming months.
Sinking story: Air India incurs Rs 7,853 cr loss
The government said losses made by national carrier Air India could be around Rs 7,853 crore in financial year 2011-12.
PHOTOS: Stunning cars you would love to drive!
Take a look at some of the stunning cars on display at Auto China show.
Pranab's legal expertise floors US economists
It's perhaps no small wonder that Pranab Mukherjee, is the go-to person in political circles and not just the Congress Party's savior.
Are online travel companies gouging customers?The last few weeks have seen heated exchanges between two important stakeholders in online travel, putting a damper on a fast-growing industry.
S&P cuts India's outlook from stable to negative
The lowered outlook jeopardises India's long-term rating of BBB-, which is the lowest investment grade rating. S&P has threatened to downgrade India's rating in next 2 years if the fiscal situation does not improve.
PHOTOS: Why this is the best time to buy gold
The third (Tritiya) day of the Hindu calendar's Vaishaka month which falls in late April or early May every year is called Akshaya Tritiya.
It's offers galore to push petrol cars
Automobile manufacturers are offering freebies, ranging from gold coins and LED televisions to record discounts, to push petrol vehicle sales.
Column: Have non-government economists worked?
Has the experiment of appointing non-government economists worked?
Wipro Q4 net up 7.7% at Rs 1,480.9 crore
IT major Wipro on Wednesday reported a consolidated Q4 net profit up 7.7 per cent at Rs 1,480.90 crore (Rs 14.80 billion).
Skoda Fabia Scout launched at Rs 6.79 lakh
Skoda Auto has launched the awaited model Skoda Fabia 'Scout' in the country.
Why you must invest in GOLD
Gold has been performing well over the last 10 years.
IBM, Infosys most preferred employers for graduates
According to the portal, both the companies are topping the employer preference charts for the second year in a row.
PHOTOS: Sydney - the business hub of Australia
Sydney is the most populous city in Australia.
April 24, 2012
Diesel to cost more, govt plans to deregulate prices
The government on Tuesday said it has agreed in-principle to deregulate diesel prices, but is not considering similar proposal for the cooking gas.
Peer plans may put Infosys under pressure
With Tata Consultancy Services (TCS) announcing a wage rise for its employees this year and most other industry peers going ahead with their wage increase plans, pressure is expected to mount on Infosys to reconsider its earlier decision.
Why 41 per cent of CEOs in India delayed their plans
About 41 per cent of chief executive officers (CEO) in India have cancelled or delayed a key strategic initiative because of skills shortage, an annual global CEO survey by PricewaterhouseCoopers (PwC) states.
Now, a hi-tech car that can guide older drivers
The car, which has navigation tools, night vision systems and intelligent speed adaptations, can also monitor stress levels, concentration and driving habits of the drivers by tracking their eye movements.
Curb on Internet freedom bad for Indian democracy
Google is great for shopping, but not for learning, says Siva Vaidhyanathan, Robertson Professor in Media Studies Chair, Department of Media Studies, University of Virginia.
'GST would be single biggest reform after 1991'
Adi Godrej says he hopes the government would address industry's apprehensions over some of the Budget taxation proposals on stalled reforms and so on.
Must Read: What India must do to grow in double digits
Given that the public is no longer willing to tolerate lack of transparency, politicians will see they have no alternative but to change, feels Raghuram Rajan, economic advisor to the prime minister. Interestingly, Professor Rajan made this hard-hitting speech at an event to release a book in Prime Minister Manmohan Singh's honour.
Column: Is Bihar a special category state?Separate fiscal consideration for special category states because of their hilly terrain imparts a cost disability in public service provision.
The rising tide of Indo-Pak trade
Political tensions have cast a long and troubled shadow over cooperation between India and Pakistan. Cross-border terrorism, Kashmir and water rights remain the core issues of contention.
Opposition to retail FDI cannot go on, says Pranab
Finance Minister Pranab Mukherjee said that the government will have to find some solution to the feisty issue of opening up of retail sector for FDI.
RBI cuts rate but loans won't be cheaper right away
Over the last week, several banks have cut rates by 25 basis points, clearly not enough to fuel credit demand.
Gujarat gets world's first canal-top solar plant
The project, which virtually eliminates the need to acquire huge tracts of land as is typically needed in setting up such plants, was commissioned in late February this year.
PHOTOS: The amazing Lamborghini
Lamborghini is an Italian supercar.
PHOTOS: World's 25 biggest companies
Exxon Mobil tops the Forbes 2000 list.
Victoria Beckham designs JLR's Evoque
Tata Motors-owned Jaguar Land Rover on Monday launched a special edition of its latest sports utility vehicle Range Rover Evoque, which will hit the market in October with a price tag of 79,995 pound (over Rs 65 lakh).
PHOTOS: A look at rich and poor around the world
Rich are getting richer and the poor are getting poorer.
April 23, 2012
TCS Q4 profit up 22.6% at Rs 2,932.40 crore
The company became the first Indian IT company to cross the $10-billion milestone posting annual revenues of $ 10.17 billion, said a TCS statement.
This is what junk food companies are hiding from you
Labels on packages do not explain just how much of our daily salt, sugar or fat quota this "fun" food is taking up.
Finally, some clarity on K-G reservoir output riddle
Company indicates estimates of reserves needed to be cut.
The debate about growth and deficits
The fiscal deficit is unsustainably high and the Budget has done precious little to offer a credible path for consolidation.
FinMin may cut capital gains tax on PE investmentsSeveral PE investors have appealed to the ministry to bring them at par with the foreign institutional investors as far as tax treatment is concerned.
Take Basu's message seriously: Time for reform is now
Chief Economic Advisor Kaushik Basu sounded a warning bell at the Carnegie Endowment in Washington, DC, last week, saying that big-ticket reforms would probably have to wait to be carried out for the next government, after general elections in 2014.
Maruti's Manesar workers demand 5-fold rise in basic pay
According to sources close to the development, the newly formed body -- Maruti Suzuki Workers' Union -- has submitted a list of about 20 demands to the management for consideration while finalising the three-year wage settlement agreement.
Fizzy war: Who is Thums Up's new rival?
Thums Up moves away from its individualistic, masculine positioning to be the flag bearer of daredevilry, a la Mountain Dew.
IMAGES: How is it to drive the quirky Renault Twizy
It's not a car. It's not a scooter. It is a hole on four wheels. Doors are an option.
Do you KNOW how the postal system works?
Modern mail is organised by national and privatised services.
PHOTOS: Yash Birla on business, life and spirituality
Known more for his lifestyle than business moves, Yash Birla talks to <I> </I>about life and spirituality.
IMAGES: Check out the new Apple iPad
The new iPad lands in stores on April 27, and all those who haven't got an iPad or a tablet PC yet, but are considering to buy the device, could go and try the third-generation model that goes on sale on Friday.
US Lobbying: RIL pauses, Government spends Rs 3.7 crore
Corporate giant Reliance Industries Ltd has stopped lobbying with US lawmakers for the last two quarters, while the Indian government incurred an expense of Rs 3.7 crore (Rs 37 million) for such activities during the last financial year ended March 31, 2012.
Who says India has no appetite for major reforms?
Nothwithstanding his chief economic adviser's contention that there would be no reforms till elections in 2014, Pranab says there is no lack of appetite for reforms and that an electorate's support or lack of it can be gauged only in the national polls.
PHOTOS: Biggest airlines in the world
Not all airlines fly on international routes.
What is holding back the stock market?
It is difficult to see valuations rise unless the institutional attitude, especially that of foreign investors, turns bullish again.
Pranab: We have 'Very powerful, strong PM'Pranab said he had clarified this issue in no uncertain terms with US Treasury Secretary who had brought up this issue during bilateral talks.
PHOTOS: YouTube to share revenue with creators
Video-sharing website YouTube will now offer original content creators a chance to monetise their work uploaded on the website without any prerequisites.
New wage system for AI, no productivity-linked incentive
Management to be restructured to monitor integration of erstwhile Indian Airlines and Air India.
Sebi to probe flash crashes
The frequent flash crashes - sharp falls in stocks or indices within minutes - have the Securities and Exchange Board of India (Sebi) worried.
IMAGES: Turn your house green and save money!
The concept of green homes is a trend that is here to stay and is slowly but surely catching up in India.
April 20, 2012
The truth behind Andhra's liquor scam
The crusade against the liquor cartel may well be masking another dynamic that many say is the real reason behind the spike in liquor prices -- namely, exorbitant liquor licence fees paid to the government by retailers.
Infosys investors concerned over company's performanceQuestions are also being raised over Infosys' rational to maintain high margins, especially in a difficult macro environment.
How to set up a workable home budget!
One of the key aspects of creating a successful financial plan for a year is to establish a workable home budget.
PHOTOS: Inside the world's gambling capital
Macau is famous worldwide as the 'Monte Carlo of the Orient'.
Can Didi convert Kolkata to London? Bah!
The West Bengal chief minister's dream of transforming her state's capital might prove difficult.
Why you should think beyond tax when investing!
Many investors confuse investment with a tool to save tax and do not see them as a tool to build wealth!
PHOTOS: Biggest insurance companies in the world
Global insurance premiums grew by 2.7 per cent in inflation-adjusted terms in 2010 to $4.3 trillion.
Why gold loan business will be hit
Gold is one of the most influential financial instruments in the India. Banks, NBFCs and unorganised lenders are actively engaged in providing loans against gold value.
Infosys reaches out to staff on wage hike
Sources say the company's decision has led to a lot of discontent among its employees, many of whom are said to have expressed their unhappiness on the company's intranet portal and 'bulletin board'.
Volvo India chief on future plans and business mantra
Expect a new compact SUV from their stable called EcoSport later this year.
PHOTOS: World's most influential businesspeople
Time magazine lists 100 'people who inspire us, entertain us, challenge us and change our world'.
Better times ahead for airlines
Experts say carriers will start making money on higher ticket prices, but jet fuel costs may act as a dampener
IMAGES: 10 most stolen cars in the US
One of the biggest worries of a car owner is somebody stealing their vehicle.
What you should know about cashless hospitalisation
Wealth is a key factor in the first stage of Maslow's hierarchy of needs. In its true form wealth is a combination of three aspects namely good food, an adequate wardrobe and good health.
Compared to its rivals, Maruti Ertiga is really CHEAP
Apart from a tempting price-tag, the car delivers remarkable fuel efficiency.
April 19, 2012
Reliance Jewels offers special bonus this Akshaya Thrithiya
Reliance Jewels is offering double gold rate protection for Akshaya Thrithiya.
XOLO X900, smartphone with Intel Inside now in India
The device will be available from April 23 for Rs 22,000, said a company statement.
Consumer confidence: India tops the Asian listAt 81.2, in an index which is calculated with zero as the most pessimistic 100 as the most optimistic, India was the leader of the pack in Asia, said MasterCard Worldwide Index of Consumer Confidence.
IMAGES: Longest train journeys in India
Indian Railways has 114,500 kilometres of total track over a route of 65,000 kilometres and 7,500 stations.
IMAGES: 30 busiest ports in the world
Global consumer demand dictates the flow of container shipping.
Why the Chinese currency is a bone of contention
The reformist wing of the current Chinese leadership should look to Zhu Rongji for a solution.
Internet giants scramble for social media pie
Last week, when news about Facebook acquiring the start-up photo-sharing app Instagram for a whopping $1 billion surfaced, the digital world was abuzz with frantic activity and comments.
It is EASIEST to start a business in these nations
Entrepreneurs face severe challenges while starting a business as the regulatory framework is burdensome in many nations.
FM faces US chill: Business forums express concern
The weather in Washington is balmy, but Finance Minister Pranab Mukherjee, in the US to attend a meeting of the International Monetary Fund and the World Bank, would feel a distinct chill as he readies to meet corporate America.
Mumbai property prices jumped 10% in four months!
Prices in Mumbai have risen 10 per cent in the January-March period.
IMAGES: A cheaper version of Skoda Superb launched
It offers luxury saloon car features at a competitively low price.
April 18, 2012
IMAGES: Skoda Superb Ambition launched at Rs 18 lakh
With this price reduction, it can now compete more intensely with the New Hyundai Sonata.
PIX: A bankrupt realty agent's $87 mn mansion on sale
The mansion includes a 16,600-square foot and a three-storey main house.
IMAGES: 14 top car manufacturers in India
SIAM said it expected 10-12 per cent growth in 2012-2013.
QUIZ: Can you identify these car models?
Take this quiz and test your knowledge of cars.
Citi shareholders oppose $15mn payout for Pandit
The vote came at Citi's annual shareholder meeting held in Dallas on Tuesday.
Rate cuts will revive India's growth: D SubbaraoIf numbers change, there will be scope for more rate cuts.
PHOTOS: How Internet helps major economies grow
In the G20 countries, the Internet economy will grow at more than 10 per cent annually for the next five years.
Warren Buffett diagnosed with prostate cancer
In a letter to his shareholders, the Berkshire Hathaway chief said he has been diagnosed with 'Stage I prostate cancer' on Wednesday and will begin a two-month treatment of daily radiation in July.
PHOTOS: These cities have the most super rich
There are now 63,000 people worldwide with $100m or more in assets.
April 17, 2012
SBI to cut lending rates soon
The transmission of the last cash reserve ratio cut has also not happened fully because that came in March.
More pacts with Pak on anvil
Companies from both sides have shown interest in entering the energy, cement, healthcare, and hospitality segments. Banking is also likely to draw some interest.
Good news! Your EMIs will come down
Home, auto and corporate loans are likely to become cheaper as the Reserve Bank on Tuesday slashed the short term lending rate sharply by 0.50 per cent to 8 per cent, signalling banks to cut rates.
Why investors are restive at Budget tax proposals
Starting with the proposed retrospective amendment to Section 9 of the Income Tax Act, seen as a move to get over the adverse Supreme Court verdict on Vodafone, the controversy spilled over to taxation of foreign portfolio investments and taxation of foreign assets of Indians.
PHOTOS: 10 most trusted brands in India
The Brand Trust Report has come out with a list of 1,000 Most Trusted Brands in India.
How will RBI rate cut affect you? Well, it WON'TThe government has taken on more and more debt to finance the deficit and more debt also means more interest.
New iPad to hit Indian stores on April 27
The best-selling device is priced between Rs 30,500 and Rs 50,900 in the Indian market.
RBI cuts lending rate to prop economy
With RBI rate cut, loans are likely to be cheaper.
COLUMN: Oil price decontrol has become a farceIt will soon be two years since petrol was decontrolled, but few will happily celebrate this second birthday.
World Bank selects Jim Yong Kim as its president
Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
Big boys of India Inc bet on RATE CUT
Line up Rs 10,000 cr worth bond issues.
SLOWDOWN gets serious: A grim future for India
As each month's economic numbers roll in, the slowdown gets more serious; and each month it gets clearer than before that government spokesmen who keep predicting an upturn are whistling in the dark.
PHOTOS: Two Indian cities among the most polluted
Two Indian cities have been ranked as the most polluted cities in the world.
Infosys' result: Harbinger of BAD times?Infosys Technologies' fourth-quarter results have been poorly received. The bellwether stock has taken a severe beating, bringing the markets down with it.
April 16, 2012
RBI for hiking prices of petroleum products
Making a case for increasing prices of petroleum products and deregulating diesel prices, the Reserve Bank on Monday said these steps are necessary to contain fiscal slippages and arrest decline in growth.
Mumbai's infra projects stuck in policy paralysis?
Under attack from both the ruling coalition and opposition parties for his alleged inaction and a prevailing "policy paralysis", Maharashtra Chief Minister Prithviraj Chavan says major infrastructure projects, since he took over in November 2010, have gained momentum due to a systematic approach.
IMAGES: World's biggest food and beverage companies
There are some food and beverage companies that have more money than some countries of the world.
City, Fiesta or Rapid? Which car to BUY?
Are you dreading the commute home? These automatic sedans hope to alleviate that anxiety.
Why Manmohan Singh's reforms legacy is under threat
At Vigyan Bhavan, Prime Minister Manmohan Singh sat with silent stillness as a key economic advisor and the head of India's central bank discussed the legacy of his reforms - a legacy that speakers said was under threat because of complacency.
Investors hope for rate cuts as uncertainty looms
FII inflows subdued, investor sentiment remains sombre abroad
Air India invites merchant bankers to raise $1 bn
Move follows govt nod to carrier to borrow via ECBs. Turnaround plan involving Rs 30,000 cr equity infusion, Rs 21,000 cr debt recast okayed last week.
Mumbai is the world's MOST EXPENSIVE city!
Knight Frank LLP, an international property consultancy, recently conducted a study on how many years worth of earning would it take for an average citizen to buy a 100-square-metre luxury or a high-end apartment in the world's most important cities. These numbers are according to an analysis of real estate and wages.
More women now in the driver's seat in car market
Also, car owners driving more than they did five years ago despite fuel price hikes; average age of buyers on downhill ride
New IIP coming after Holi havoc
Faulty Jan data blamed on festival holiday; govt to form review panel
Infosys finally utters the 'C' word
CFO admits for the first time that some amount of conservatism has set in.
Column: How CAG spotted the 2G spectrum scam
It is because of the Comptroller & Auditor General that we know all isn't well in the murky world of government purchases and the allocation of resources.
April 13, 2012
Infy falls 13% on BSE, investors lose Rs 20,000 cr
In its biggest fall in nearly three years, Infosys on Friday plummeted by about 13 per cent, wiping out nearly Rs 20,000 crore (Rs 200 billion) in market value.
Picture perfect ending for Insta-millionaire
The founder of Instagram, 28-year-old Kevin Systrom, has made an unlikely star out of the company because he's managed to tap into a common obsession amongst us humans the need to lose ourselves in the magical realm of photos.
Why FDI won't make airlines more attractive for investorsAirplanes are fascinating and air travel is crucial for business and leisure. The number of people travelling by air has been increasing at double-digit levels over recent years. Low single-digit penetration provides adequate scope for growth.
Mukul puts Trivedi's tenure under scanner
The development comes about a week after Roy said that the work has slowed down especially during the last eight to nine months apparently making a veiled attack on his predecessor, who is also a fellow party leader.
No one-time endorsement fee, stars have more at stake now
Bollywood stars are now being guided by wealth managers and their own business instincts to multiply their fortunes.
India's foodgrain stock to rise but much will rot
Too much grain, and no way to distribute it.
'Creative' reasons employees cite for taking leave!
Employees never run out of ideas on reasons for taking leave.
India should accept days of 9% growth are over
India has no god-given right to foreign capital.
In West Bengal, culture pips welfare in fund allocation
Outlay for cultural activities increased, for social welfare schemes slashed
SPECIAL: Value investing and the margin of safety
Intrigued by the concept of value investing? Read on...
PHOTOS: This supercar can go up to 390km/h!
McLaren F1 is a supercar designed and manufactured by McLaren Automotive.
PHOTOS: Life and style of Chinese millionaires
There are currently 2.7 million high-net-worth individuals in China.
As water becomes scarce, DROUGHTS ravage the world
he cracked earth of the drought-stricken Portodemouros reservoir is seen in Portodemouros, northern Spain April 8, 2012
PHOTOS: Onboard the stunning Disney Fantasy
Disney Fantasy is the fourth ship in the Disney Cruise Line fleet, which started operations in 1998.
Is Kingfisher Airlines really in trouble?It may just be a well-crafted strategy by Vijay Mallya to sail through the current crisis
Economic freedom: 122 nations, Pakistan beat India!
The world economy is in trouble, and governments are making things worse, says the 2012 Index of Economic Freedom published by the Heritage Foundation and The Wall Street Journal.
IMAGES: Meet the world's richest CEOs
According to the study, the ranking is based on net worth figures from Wealth-X, a research firm that provides information on ultra high net worth individuals to private banks and consulting firms.
April 12, 2012
SUCCESS story: He started a software company at 18!
Shalin Jain's journey as an entrepreneur started when he was a college going teenager.
Huawei launches NEW smartphone in India
Huawei Devices, which aim to be amongst the top three handsets brands by 2016, on Thursday announced the launch of Huawei Honor and the New Huawei Ideos X5 in the Indian market.
IMAGES: What Mallya can learn from BuffettWorst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money, says Buffett.
IPL viewership slump worries advertisers
Some say they saw it coming, with the earlier Team India performance, cricket fatigue
In 4 years, India has gone from shining to crawling
Four years ago India was riding high.
IMAGES: The Rs 5.89 lakh Maruti Ertiga is here!
Maruti reversed geared this time and for the first time in history, designed a car from scratch to suit Indian conditions.
AI revival plan: Rs 30,000 crore equity over 9 years
The CCEA approved the TAP and the airline's financial restructuring plan, which includes additional equity infusion by the government.
IMAGES: The highest selling cars in India
Car sales in India grew by just 2.2 per cent in 2011-12 , the slowest in two years.
COLUMN: China's economy booms, India lags
China's ascendancy has reached a point where India will have to play a delicate game of exercising autonomy in its pursuit of national objectives without provoking conflict.
25% travel bookings for Indonesia may be cancelled
Travel companies are trying to address the concerns of those visiting Indonesia and surrounding coastal areas.
How much do Indians SPEND on food?
In 2011, the Chinese spent 14 per cent of GDP on groceries.
PHOTOS: 3 Indian cities among world's top megacities
A megacity is a metropolitan area with a total population of over 10 million people.
The shocking experience of taking a UID card!
Machines obey bumbling humanity in ageless India.
Volkswagen's journey in India: Crests and troughs
Indian car market is crucial for any carmaker to maintain an upper hand in automotive industry dynamics.
Priyanka Chopra LAUNCHES Nikon's summer range series
Actor Priyanka Chopra unveiled imaging maker Nikon India's latest Coolpix collection for Spring Summer 2012 on Wednesday in Mumbai.
Employees in India may get LOWER salary hike in 2012
As per the survey conducted by HR consulting firm Right Step Consulting, the salary hikes for India would decline to 11.54 per cent in 2012 from 11.89 per cent in 2011.
April 11, 2012
IMAGES: India's top 15 BPO employers
The survey conducted by Dataquest, India's leading IT magazine, consists of two parts: HR round and employee satisfaction.
PHOTOS capture oil extraction controversy
Hydraulic fracturing, also known as fracking, is used to extract oil from deep within the earth.
Infy CEO puts spotlight on better half
Shibulal plans to commission biography of his wife
Spielberg gets funding from Reliance Entertainment
Reliance Entertainment, a unit of the Anil Ambani-led ADA Group, is expected to give $ 200 million to Hollywood director Steven Spielberg's DreamWorks Studios, a deal which will extend a new financial lease of life to the struggling California-based film company.
Amazing PHOTOS of a yacht that's actually an island!
While there are many superyachts that are luxurious, comfortable and really huge, but none come even close to this superyacht.
COLUMN: How Aadhar is transforming lives in Jharkhand
Aadhaar is helping in weeding fake beneficiaries from social welfare schemes and transforming lives across Jharkhand.
IMAGES: World's 10 most impressive cities
A recent study titled - The Wealth Report 2012 - suggests that even though the focus is now on emerging economies; established top cities in the world will continue to draw wealth for sometime.
A rags to riches story of a roadside fruit vendor
From roadside vendor to Rs 150-crore (Rs 1.5 billion) regional giant, this is one of a kind, rags-to-riches story that will inspire anyone.
Obama pushes for HIGHER taxes on the wealthy
US President Barack Obama has made an aggressive case for imposing more taxes on the rich and criticised those opposing his 'Buffet Rule'.
Lavasa turns into a bad dream for banks
Dream hillstation project Lavasa, near Pune, is now a millstone around lenders' neck.
IMAGES: India set to see a pizza war!
As new players make plans to invade the Indian market, learning from incumbents like Domino's and Pizza Hut may be the best hope for survival, even success.
Now, prosecution of tax evaders made easierA senior finance ministry official said on Tuesday the proposed change in the Finance Bill, 2012, would broaden the definition of commissioner.
PHOTOS: Mahindra in race to acquire Saab
Last day for bid over; Mahindra is said to be one of those interested.
PHOTOS: Symbols of China's economic success
An economic superpower, China is marching ahead to become the world's largest economy.
PHOTOS: World's biggest coffee producers and drinkers
Green (unroasted) coffee is one of the most traded agricultural commodities in the world.
The STUNNING Maruti Ertiga: A sneak peek
Since the last one month, many test drives have been conducted and speculations reported ahead of its launch on April 12, 2012.
April 10, 2012
SPECIAL: Why the annual Budget is like a bikini
Five things you did not hear the finance minister Pranab Mukherjee say in the budget speech.
How to invest profitably in global markets
High net worth individuals slowly warm up to US market; however, financial planners generally discourage such dabbling
GLIMPSES of London, the financial capital of Europe
London is a leading global city, with strengths in the arts, commerce, education, entertainment, fashion, finance, healthcare, media, professional services, research and development, tourism and transport.
IMAGES: Stunning cars that will make you drool
New York Auto Show is one of the most awaited motoring events in the world.
Job scheme to provide food, too
The job guarantee scheme is set to provide food grain as part of wages.
PHOTOS: 10 stunning towers around the world
Take a look at these impressive towers with huge atriums...
Indian job market upbeat, no slowdown blues
The slowdown has returned, but this time things are different. Suryavanshi is sitting on two job offers, wondering which to zero in on.
PHOTOS: Sahara makes $600mn bid for NY Plaza
Sahara has paid a 10 per cent down payment for the 105-year-old landmark.
IMAGES: Maruti to launch Ertiga to take on Innova
With 25 per cent sales growth in the multi-utility vehicle segment, other car makers rushing in, too.
IMAGES: Inside the most expensive hotel room in history
Burj Al-Arab is a luxury hotel located in Dubai, United Arab Emirates.
PHOTOS: 10 most-liked CEOs in the tech world
Not many bosses receive glowing feedback from their juniors, but some do.
April 09, 2012
After MFI turmoil, chit funds the next big draw
PE/VC investors keen on bolder bets in sect#8744 rise in investment enquiries, growth
Iconic and historic PHOTOS of London Stock Exchange
London Stock Exchange is the fourth-largest bourse in the world and the largest in Europe.
COLUMN: A pension for the poor and elderly
Proponents of universal pension coverage argue that India is now a rich country with a large population of poor people. So resources are available but not adequately channeled to those who need them.
Will Goa's Grand Hyatt be demolished?
High court to hear contrasting views on location in CRZ later this month, in the background of more than one rule change.
Equities to take cues from Bernanke, Infosys
Key among those would be US Federal Reserve Chairman Ben Bernanke's speech late on Monday evening, fourth-quarter earnings report by information technology major Infosys Technologies and India's industrial production data during the week.
Selling property? Know all about capital gain tax
What is confusing for many investors though is the tax structure on these real estate transactions. Here, we will explore the tax liability on such transactions, also known as capital gain (or loss depending on whether the investor made money on the transaction).
The iconic Mysore Palace to get a makeover
The allocation of Rs 25 crore for the facelift of the iconic Mysore Palace in chief minister Sadananda Gowda's Budget 2012-13 will pave the way for the first major makeover of the palace which is celebrating its centenary year.
Airlines cut business-class seats on domestic routes
Of the 62 Airbus-320 family of aircraft, AI has started converting 14 to single-class configuration and to decrease the number of business-class seats in 43 others from 20 seats per aircraft to 12.
PHOTOS: India's most amazing malls
The largest Indian mall is less than a fourth of the world's largest mall and does not figure amongst the 30 largest malls in the world.
Low-end tablet PC: A cheap hook-up and a killjoy affair
Going for a tablet purchase? Don't let price points persuade you. Frugal innovation in tech may be grabbing headlines these days, but the bottom line remains very much the same -- 'cheap ain't better'. The 'affordable' breed of tablet PCs are in stores, but their ilk may not be relied upon.
How will Indian consumers pay in the future?
With all the innovation in technology and business, as well as new consumer behavior, it's sometimes difficult to separate what will shape the future of payments from what is just hype.
GOOD NEWS! Expect 20% Sensex return in 2012
Indian equities are currently undervalued vs their own past levels and current peer levels. Since 2007, the Sensex has reached 16,000 for the sixth consecutive year.
Looking for easy way to order food? Here's HELP!
She is a self-confessed foodie. It's this passion for food which inspired her to start Deliverychef.in. Meet Aditi Talreja, the 23 year-old owner of this online aggregator for restaurants and other food providers.
IMAGES: Which are the BEST cars and bikes in India?
With only 11 categories, they had better be the best of the best. Here they are...
Confused by savings interest rate? Read on...
RBI's deregulation drive on saving interest rates has created a competitive environment.
COLUMN: Is India shining? Bah!
A lack of balance in economic policy, with a fiscal deficit that doubled from 2008 to now, and overemphasis on monetary policy to combat structurally high inflation, resulting in overly aggressive rate hikes, discouraging investment and impairing growth.
Why gold is set to continue GLITTERING
Gold is said to be the most-favored investment instrument in India.
PHOTOS: When Hong Kong fuelled Britain's economy
Hong Kong became a colony of the British Empire after the First Opium War (1839-42).
April 06, 2012
China's mobile phone users main target for hackers
About 7.12 million Internet-capable smart phones were infected with malicious programs in 2011 and the number has been increasing rapidly.
KKR pads up for amusement tax sop in West Bengal
West Bengal might have Bollywood actor Shah Rukh Khan as its brand ambassador, but the alliance comes at a cost.
Photos: A tour across the magical land of Mongolia
Mongolia is the world's second-largest landlocked country after Kazakhstan.
PHOTOS: That dream home may now cost more
With developers opting for a cost escalation clause, buyers could find sudden rises in an under-construction property.
IMAGES: The IPL II edition of Volkswagen Vento
Vento Trendline and Polo Highline sport exciting features that is bound to woo IPL buffs.
GlobalLogic to offer high quality mobile apps at cheap rates
A leading software R&D service provider to technology companies, GlobalLogic has partnered with Appcelerator, to use Appcelerator Titanium application for creating innovative cloud-connected mobile apps for their 1,000 global customers.
King of luxury buses ups the ante in India
Volvo has redefined bus travel in the country and continues to churn out several new quality products for this market. Can it stave off tenacious newcomers like Tata and Benz?
Unique ID plan can boost growth back to double digit
In 18 months, there will be 50 million people using some of these apps.
PHOTOS of London's hidden treasure - Little Venice
A part that is hidden from most visitors is London's Little Venice.
PHOTOS: A look at how whisky is made
Whisky, or whiskey, is one of the most popular alcoholic drinks in the world.
PHOTOS: The stunning Airbus A380
It is the world's largest passenger airliner.
PHOTOS: World's most beautiful classic cars
There are some cars that are as sought-after today as they were when they were launched.
April 05, 2012
Stunning PHOTOS reveal how gold is mined
Gold is one of the most sought-after precious metals.
Hiring activities slow down in March
With the ongoing appraisal season in most of the companies, recruitment activities were lower in March compared to the previous month, according to the survey conducted by job portal Naukri.com.
Column: Why Warren Buffett is WRONG about gold
"As Buffett puts it "Gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end."
Amazing IMAGES of an unbelievable motorhome
A German company has launched a motorhome that is not only luxurious but also comfortable.
Is China stuck in a Catch-22 like situation?
The economic fate of the world is now inextricably linked to China. While China's growth is important, its drivers are frequently misunderstood and poorly analysed. The ability of China to support the seriously compromised global economic and financial system is overestimated.
How to build comprehensive ecosystems?
India's inability to address infrastructure is legendary, barring historical exceptions. It shows in electricity shortages, inadequate sanitation, broadband, railway services, airlines and roads. This explores the common strands of such failures, and a possible alternative drawing on China's approach to development.
'India is ranked No. 1 for developer satisfaction'
Global software giant Microsoft intends to tap the growing cloud computing market here. Sanket Akerkar, managing director of Microsoft India, says he's seeing an uptick in its adoption by enterprises, to become competitive.
Economy needs ACTION, but the govt is SLEEPING
Government has been trying to get rid of the impression that it is caught in "policy paralysis".
IMAGES: Dazzling diamonds from across the globe
We present here some stunning photographs of diamonds.
'India CANNOT GROW, if Bihar lags behind'
Deputy CM says a lot has been achieved, but the state has to go a long way.
IMAGES: World's most admired technology companies
So, which technology firms have the best reputation? These nine firms are the envy of their peers, everywhere! Read on, to find out why
TOUGH course: B-schools on sale
Bad market forces new management institutions to get out of business
Now pay Rs 200 more for cancelling air ticketFrom April 1 all domestic airlines except Air India have increased fee for cancellations and date change by Rs 200 to Rs 950.
IMAGES: 10 cars under Rs 5-lakh coming to India
In the last one year, a number of global car makers have shown their interest in debuting in this segment.
April 04, 2012
Salary talks: Indians most confident
As per the survey conducted by professional networking website LinkedIn across eight countries, Indian professionals are the most confident people in career negotiations like asking for a raise or closing a business deal.
GOOD NEWS! Robust hiring, 12% pay hike on anvil
According to the study conducted by staffing consultancy Mercer, organisations are planning to hire aggressively this year, when competition could grow further for right talent.
Tatas refute media reports; Indica still in focus
Contrary to information in the report, Tata Motors does not have any plans of 'de-emphasising' the Tata Indica, the statement said.
Unusual PHOTOS of stock exchanges from around the world
There is more to bourses than just men in suits and hard cash.
Apollo's mission: To serve the masses
Local healthcare is a largely disaggregated affair but Apollo's new plan to start local clinics could change the way we access doctors while adding another valuable addition to the hospital group's value chain.
As Aadhaar debuts in Jharkhand, doubts arise
UIDAI will have to assail concerns over authentication and connectivity that have emerged in the Jharkhand pilot projects.
GDP growth: The BEST and WORST performing nations
While emerging economies present the best chances for economic growth, not all countries will prosper at the same rate.
Amazing PHOTOS of a 'hidden paradise'
Steep mountain walls enclose the valley on either side with snow-clad ramparts.
Haridwar factories brew Manesar-like labour situation
Workers at Satyam Auto and Rockman Industries, two leading auto parts suppliers to India's largest two-wheeler company, Hero MotoCorp, have been on strike for the past two weeks. They have come together to press for better wages and a workers' union.
These heritage brands are old but not ageing
Many brands have proved there is gold in old. What explains their success?
SPECIAL: When big brands hide behind a veil
The moral of the story is that BSing helps CEOs often get out of tricky situations where the "real" answer is obvious, but they can't be seen mouthing it.
IMAGES: These hot cars will now cost MORE
Auto giants like Hyundai, Volkswagen and Nissan too will hike prices, even though no announcement has yet been made.
Air India plans fare system that syncs with fuel priceAccording to the formula being worked out, the company would raise the fuel charge by Rs 50 for every Rs 1,000-per-kilolitre increase in the rates of jet fuel. Inversely, there would be a slide in the fares by the same amount in case of a Rs 1,000-per-kl decrease.
A Kerala youth turns coconut plucking into a hi-tech job
Shortage of trained nut pluckers is a grim farm sector problem in Kerala but for 37-year-old Selvin Chacko coconut plucking is a hi-tech profession involving car, mobile and even a dedicated website.
PHOTOS: Time for non-American to head World Bank
The race for the top position at the Bank is really heating up.
IMAGES: The World Trade Centre is 100 storeys high!
It will soon be the tallest building in New York City, surpassing the Empire State Building.
PHOTOS: The amazing Flying Car is all set to take off
Dream of a flying car could become a reality soon.
April 03, 2012
US court permits class action lawsuit against TCS
The lawsuit filed in 2006 by two of its former employees, Gopi Vedachalam and Kangana Beri, alleges that Tata unjustly enriched itself by requiring all of its non-US-citizen employees to endorse and sign over their federal and state tax refund checks to Tata and by taking unauthorised deductions from employee's paychecks.
IMAGES: New Renault diesel Fluence at Rs 15.2 lakhThe new Fluence will be powered by 1.5 litre diesel engine, which will give a mileage of 20.4 kilometre per litre.
Indian ADRs lost $6-bn of market value in March
The 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value plummet.
Stunning IMAGES of beautiful Rajasthan
Rajasthan is a vibrant, exotic state where tradition and royal glory meet in a riot of colours against the vast backdrop of sand and desert.
PHOTOS: How workers toil at Foxconn, the human sweat-shop
Foxconn has been involved in several controversies, mostly relating to how it manages employees in China.
Passwords are most insecure, says a studyPasswords are most insecure, says a study
US asks India to relax norms on imports of select items
It also sought permanent exemption from the requirements that wine and distilled spirits labels include an ingredients list and disclose the date the product was manufactured.
Kingfisher staff withdraw threatened stirVijay Mallya, who had a meeting with the employees including pilots and engineers late on Monday night, had assured them that their dues would be paid in a staggered manner by April 10.
No end in sight in battle over Haldia
A 7-yr legal tussle over Haldia Petrochemicals looked close to being resolved. But when Mamata Banerjee upped the ante, it was back to square one for investor Purnendu Chatterjee.
Rajanna and the cooking gas revolution
How the nuts and bolts of the Aadhaar promise of targeted subsidy delivery are being tested on the ground
Amazing PHOTOS of world currencies
Paper currency was first developed in China in the Tang Dynasty during the seventh century, and was later introduced in the Mongol Empire, Europe and America.
SHOCKING! Honda Siel on brink of turning sick
Such a financial condition had impelled the management to expedite a board resolution for fresh infusion of equity capital through a rights issue.
2G scam: Why customers have not DUMPED Unitech
The phenomenon is a little difficult to explain. According to the Supreme Court's order, all telecom service licences given in 2008, during the A Raja regime, have to be cancelled by June 2. The licencees will have to return the spectrum they received to host telephony services.
Infosys: Analysts upgrade FY13 revenue estimatesQuarterly revenues may be volatile, as spending will be driven by the global macroeconomic situation
No Indian city among the world's 20 most IMPORTANT
These cities are considered the most important to the world's High Net Worth Individuals (HNWIs), according to The Wealth Report 2012 by Wealth Report 2012 by Knight Frank & Citi Private Bank.
Stock exchanges are not private business: Bimal Jalan
An interview with author of the report on the working of stock exchanges and other market infrastructure companies
IMAGES: 5 great cars will be launched this April
Carmakers, both domestic and foreign are gearing up with their 'to do' list.
Top 10 biz groups LOST Rs 6,000,000,000,000 in FY12
In line with the overall downtrend in the markets, a majority of large business conglomerates saw their valuations taking a dip.
April 02, 2012
Growth of middle class sluggish in China
China may be the home to a rising number of billionaires but the growth of middle class, the main requisite for its social stability, remained sluggish due to concentration of money in just one per cent of wealthy Chinese, a top economist said.
How London Dairy plans to make it big in India
The timing of premium ice cream maker, London Dairy ice creams' first ever media campaign in India is perfect.
Hitler's holiday resort to become a luxury hotel
German dictator Adolf Hitler's Nazi holiday resort, which spans nearly three miles along the coast of the Baltic island of Ruegen, will soon be converted into a 400-bed luxury hotel and 400 apartments, a media report said.
PHOTOS: An inside look at how Porsche is built
Porche cars are famous around the world for their speed, design and luxury.
IMAGES: All about the stunning Hyundai Sonata
The Sonata's back. Can it sing its way to success?
Camping in Googleland: Social animals discover new tools
With 10 million Indians now on Google+, the newest social media platform, users are now seeking ways how best to use it.
Why only doctors and engineers? Be an entrepreneur
As a charter member of The Indus Entrepreneurs (TiE), entrepreneur-turned venture capitalist, Sateesh Andra has been actively involved in creating a common platform for entrepreneurs, venture capitalists, and academicians to interact and help build successful enterprises.
Stunning IMAGES that capture the beauty of GOLD
Gold has been with us since time immemorial.
Mobile wallet takes aim: Buck gets a bang
Old king cash may have to take a bow. Plastic credit may find itself redundant. And 40 per cent of people who do not have bank accounts could leapfrog into the banking space. With mobile wallets, that's the change they are gunning for.
Destination smaller towns for BPOs
With an expanding domestic market, increasing cost and higher attrition rate, outsourcing action is shifting to tier-III and IV cities.
These are Asia's top high-value real estate deals...
The sale of Leela Kempinski Kovalam was among the top 10 hotel deals in Asia during the past one year, shows data from the US-based research firm Real Capital Analytics.
COLUMN: Why bosses like 'unhappy' employees
A simple way of keeping employees happy but with low self esteem is to create some self doubt in their minds.
Why Konnect edged out JetLite
The airline will reconfigure its planes to add business class seats in its low-cost service
PHOTOS: A tour of the world's 30 stunning malls
Malls have turned out to be hotspots for shopping entertainment and other activities too.
Ratan Tata's Vision 2020: A $500-bn global EMPIRE
Outgoing chief's presentation to top executives sees fivefold rise in sales in 8 years.
Three big worries for Indian stock investorsConfusion over India's new tax rules, slow rate cuts, and a weakening rupee could create a stock-picking environment.
March 30, 2012
Hyundai i20 iGen: 10 SPECTACULAR features
The i20 iGen boasts of many 'firsts in segment' features.
Big jolt for Posco. Green clearance suspended
The environment clearance granted to Posco's mega steel project in Orissa in January 2011 will remain suspended till the environment ministry reviews it afresh.
P-Note holders not liable to pay tax in India: FM
Setting at rest the uncertainty about overseas investments, Finance Minister Pranab Mukherjee on Friday said that persons investing in stock markets through participatory notes (P-Notes) will not have to pay taxes in India.
PHOTOS: $500-million lottery fever grips US
United States is in the grip of a lottery fever.
Can interviewers ask about a jobseeker's Facebook life?
It is easy to see why employers might be tempted to peer into applicants' online lives. Worldwide, people's social lives have moved online to a far greater degree than they have earlier.
New ideas, but no challenge to the West, yet
As advanced economies continue to be consumed by the tailback of the economic crisis that struck in 2008, the germ of an alternative model of economic growth seemed to be emerging on the anvil of the BRICS regional grouping that held its fourth summit in Delhi here on Thursday.
Column: Lessons to learn from these success stories
All great companies determine success by their ability to bounce back.
Photos: STUNNING office buildings around the world
Take a look at some amazing office buildings around the world.
Aviation may be down, not its training institutes
Some airline companies may be struggling to keep themselves afloat, but business for the aviation training industry is brisk, barring some exceptions.
Is Rajat Gupta INNOCENT? Trial to start on May 21
Defense strategy seems to relying on three basic arguments.
The stranger who put life back into Rajiv Bajaj's life
"Brevity is not a family strength," Bajaj said, an obvious reference to father and patriarch Rahul Bajaj, who loves to air elaborate views on all things under the sun. The audience, comprising a Who's Who of India Inc, responded with huge applause.
PHOTOS: Most expensive office spaces in the world
Global market for office rentals grew three per cent in 2011, up from just one per cent the year before, according to property consulting firm Cushman & Wakefield.
Inside Burj Al-Arab: World's most LUXURIOUS hotel
It is said that Burj Al Arab is the most luxurious hotels in the world. For starters, the prices of rooms vary from $1,000 to $27,000 per night! It is also described as 'the world's only seven-star hotel.
Year 2050: World's TOP 10 economiesWhile there is little doubt that the emerging economies present the best chances for economic growth, not all countries will prosper at the same rate, says the Wealth Report 2012 by Knight Frank & Citi Private Bank.
PHOTOS: Shopping around the world
Shopping is the engine that drives the growth of most of the economies in the world.
IMAGES: 7 cars under Rs 10 lakh to be launched in 2012
Despite the high fuel prices, SUVs and MPVs are becoming increasingly popular in India.
March 29, 2012
No hike in H-1B visa fee for next year, says USApplications for H-1B work visa for the fiscal year 2013 would be accepted from April 2.
PHOTOS: How oil is extracted, and more
Crude oil, or petroleum, is recovered mostly through oil drilling.
A car engine that unites rival brands
The 1.3-litre multi-jet diesel engine powers more than a dozen models stretching across five companies including Maruti Suzuki's latest MUV.
IMAGES: PM highlights 10 issues at BRICS
Prime Minister's speech at the Plenary Session of the BRICS Summit in New Delhi.
Cars in India: The top 10 GAINERS
With total sales of 2, 11,402 cars, compared to 1, 86,890 notched up in the same month last year, February 2012 witnessed the highest growth in the last 10 months in terms of sales output.
On-time performance: Kingfisher is best, AI is worstCash-strapped Kingfisher had the best on-time performance in the last three years and low cost airline IndiGo registered the highest passenger load factor while national carrier Air India remained the worst performer on both the parameters.
IMAGES: Advertisements that leave you with a smile
Just three months into 2012, and we have already seen some interesting television commercials. Some give us hope, while others strum an emotional chord by saying happiness is more important the money.
PHOTOS: 12 greatest entrepreneurs of the world
It's not everyday that we see people turning their dreams into amazing ideas.
IMAGES: Hyundai's new i20 iGen at Rs 4.73 lakh
The country's largest car exporter launched the iGen i20 in both petrol and diesel variants, carrying a total of 12 variants.
India to become world's LARGEST economy by 2050!
Surpassing China, India will become the world's largest economy by 2050, says a report.
March 28, 2012
Australian watchdog accuses Apple of misleading consumers
IT giant Apple has been accused by Australian Competition & Consumer Commission (ACCC) of misleading consumers by selling the latest version of 4G enabled iPad, which cannot connect with the 4G mobile network in the country.
Fortune names Narayana Murthy among greatest entrepreneursInfosys co-founder N R Narayana Murthy is among the 12 "greatest entrepreneurs of our time" according to a Fortue magazine list that is topped by Apple's late chief Steve Jobs.
CarDekho.com turns 4, comes out with a facelift
The stylish new homepage with its increased usability and new features gives an in-depth knowledge about all new/used cars and their details.
Consumers prefer companies with strong CSR: Study
Seven out of 10 customers in India prefer to conduct business with companies that have implemented socially responsible programmes, according to a Nielsen study.
Vaccine makers give India shot in the arm
It is estimated the current Indian vaccine market is around $900 million, with a potential to touch $4.6 billion by 2017.
Column: How we can make Indian cities livable
Clean, reliable and timely public transport will go a long way in making and keeping towns and cities livable.
PHOTOS: Should TV channels reduce ads?
Unbridled advertising should be checked given weak self-regulation but the impact on revenues should be considered too.
Coke, Pepsi still a hit with consumers
Consumers have given a thumbs-up to these products, especially in countries such as India. The latter remains a key market for these brands, with volume sales seeing double-digit growth quarter on quarter.
US hikes H-1B visa fee, move to hit Indian IT cos
In a move that is expected to hit Indian IT companies, the US government has decided to hike H-1B visa fee from next fiscal.
Wealth in India shifting to smaller cities, towns
India has been the fastest-growing market in Asia for the affluent segment between 2006 and 2010.
Get Smart: Give your portfolio the global advantage
A weak rupee and strong global markets make a case for investing in foreign funds, but themes have to be chosen carefully.
Buyers misled? Realty promoters will be jailed
The Union ministry of housing & urban poverty alleviation has refused to dilute the penalties to be imposed on non-compliant promoters in the final version of the Real Estate (Regulation and Development) Bill, despite industry opposition to the concept of sending the offender to jail.
SUCCESS story of a doctor who turned an entrepreneur
Winner of this year's TiEcon award for Social Entrepreneur of the Year, Dr P Srinivasan, is the Chairman and Managing Director of Jeevan Blood Bank and Research Centre.
Don't rush to invest in debt instruments
There are reasons to limit your exposure, even with the rise in rates of small savings schemes.
PHOTOS of some of the world's most exotic yachts
There is nothing like having your own yacht and going on a cruise.
Good news for SBI's home loan customers
In a move that would help a large number of home loan customers to reduce their interest burden, nation's largest lender State Bank of India has decided to allow them to reprice their existing loans at lower rates.
PHOTOS: Punchy, witty world of Amul advertisements
Amul advertisements are real entertainers.
IMAGES: Imported cars will cost Rs 20-40 lakh more!
Budget proposal increased Customs duty on imported vehicles.
March 27, 2012
Kingfisher suspends operations in several citiesFaced with a cash crunch resulting in several employees not getting salaries and dues for over three months, the airline also did not rule out a lay off.
UPA's policy is anti-citizen: Arun Jaitley
The Bharatiya Janata Party (BJP) on Monday criticized the Union Budget 2012-13 saying it has "dampened" economic sentiments as almost all services have been brought under tax ambit.
PHOTOS: Japan's superfast train
Japan is famous for having superfast trains, and Narita Express is no exception.
Goa to cut petrol prices, will other states follow?With the Goa government proposing a reduction in petrol prices by Rs 11, Minister of State for Parliamentary Affairs Rajiv Shukla on Wednesday said the other states especially the BJP ruled ones should emulate the step to ease the burden on the common man.
Prices of cars, jeeps, cooking gas to rise in Maharashtra
Maharashtra government is set to implement some harsh monetary steps from next month.
Now have an enemy list on your Facebook account!
You can also declare 'war' on any product, person or company that has a presence on Facebook.
Should you buy a Maruti Ertiga? An expert's VIEWS
The maker of the people's car finally has a people car.
PHOTOS: Beautiful Greece
Greek government debt crisis is one of a number of current European sovereign debt crises.
Photos: World's 20 BIGGEST hotels
With thousands of rooms, these hotels can accommodate many guests and offer the best of services to travellers. Here's a look at the world's 20 biggest hotels.
PHOTOS: Jets owned by Indian billionaires
Private jets are the must-have toys of the super rich.
Execs in India to get higher salary than Asian peers
Executives in India are likely to take home a fatter salary than their peers across Asia this year as average base pay for heads of organisations in the country are likely to rise by 8.3 per cent, says a report.
Good news! It's raining jobs in IndiaThe next three months are likely to offer solid opportunities for job seekers as 39 per cent of Indian employers are expected to increase their headcount, says a survey.
March 26, 2012
Livestream! Jaggi Vasudev in conversation with KV KamathTaking place in the presence of leaders of industry, the field of economics & finance, this interactive session will find common ground in business and spirituality. Global investors not confident about India, says Mallya
"India's global image has taken a beating," Mallya said on the social networking platform Twitter.
Home prices in Mumbai will continue to remain HIGH
A sharp rise in construction and funding costs will increase costs for builders and prevent a reduction in home prices.
IMAGES: World's biggest consumers of wine
Global growth in wine consumption is being driven by demand in the United States, Russian and China.
Korean investment a 'priority', says PMPrime Minister Manmohan Singh on Monday asked South Korean businessmen to help India expand its burgeoning solar and nuclear power sectors by investing in these environment-friendly technologies. IMAGES: Audi TT coupe launched at Rs 48.36 lakh
The auto firm has targeted to sell more than 50 units of the coupe this year.
PHOTOS: The illustrious history of Fiat
Fiat was founded in 1899 by a group of investors including Giovanni Agnelli. Besides automobiles, Fiat has also manufactured railway engines and carriages, military vehicles, and aircraft during its century long history.
Don't demand passwords of jobseekers: Facebook warnsFacebook chief privacy officer Erin Egan issued the warning in the wake of a published report that companies and governmental agencies were increasingly asking job applicants for access to their accounts as part of a pre-employment screening process.
PHOTOS: Most expensive neighbourhoods in India
There are some streets in India where the property prices are so high that only the super rich can afford to live there.
Taxman will not play policeman, FM assures India Inc
He sought to know from the industry if it wanted India to become a no-tax country.
PM invites Korean investments in solar, nuclear sectors
South Korean President Lee Myung-bak, during a bilateral meeting with Singh on Sunday, had requested that his country be allocated a site in India to build nuclear reactors.
IMAGES: Audi to launch 6 stunning cars in India
Audi is preparing an arsenal of cars for India.
IMAGES: 11 safest banks in Asia
The banks were selected through a comparison of the long-term credit ratings and total assets of the region's largest banks. Ratings from Moody's, Standard & Poor's and Fitch Ratings were used.
March 23, 2012
PHOTOS: Widening gap betwen Indonesia's rich and poor
Indonesia is an archipelago comprising 17,508 islands.
PIX: A day in the life of workers around the world
Here's a look at how people across the world work for a livelihood.
ONGC is the best PSU, Air India worst performer
ONGC retained the top position on the coveted list of 10 most profit-making PSUs, while AirIndia was the biggest loss-making state firm during 2010-11.
Mad rush for jobless dole in UP
Women form a chunk of crowd queuing up at exchanges, forcing the staff to work overtime.
Ajit Singh rules out Kingfisher closure
The DGCA had earlier issued a show cause notice to Kingfisher in February for the suspension of its licence.
Thirst for water: Moving IMAGES from around the world
Almost half of the two billion people who have gained access to drinking water since 1990 live in China and India.
IMAGES: Some of the most popular cars in India
There has been an increase of more than 13 per cent in domestic car sales in February as compared to the same month in 2011.
PHOTOS: Most amazing perks offered by hotels
Hotels go out of their ways to attract customers.
IMAGES: The stunning Hyundai Sonata at Rs 18.5 lakh
The car is a stunner and has been launched with both automatic and manual transmission variants.
March 22, 2012
India-made Figo to be exported to 50 international markets
Ford India, subsidiary of US carmaker Ford, said it aims to accelerate export of India made-Figo to 50 international markets by this year end, from current 34.
Markets slump on weak global cuesThe fall was led by index heavyweight Reliance Industries along with bank shares.
Coal scam: Govt loses Rs 10.6 lakh crore
In another huge embarrassment to the government after the 2G fiasco, the Comptroller and Auditor General (CAG) has estimated a Rs 10.6 lakh crore loss to the exchequer on account of allotment of coal blocks during 2004 to 2009 without auction to 100 private and public sector companies.
New Railway Minister announces rollback of faresThis was on the expected lines after Trinamool Congress chief and West Bengal Chief Minister Mamata Banerjee played a major role in getting the former Railway Minister Dinesh Trivedi resign.
PHOTOS: Hollywood stars and models at NYSE!
While the New York Stock Exchange is usually filled with testosterone-driven men, it sometimes does see Hollywood actors, models and sport stars.
PHOTOS: Are Indian students shunning US business schools?
Decline in high-quality applicants from India into US business PhD courses.
The reason behind India's uneven growth path...
The Indian economy has clearly been on an upward growth path -- from an average annual rise of three to four per cent in the first three decades, growth took a sharper upturn in the eighties.
PHOTOS: Sunny days for Nissan in India
Nissan's Sunny overtook Volkswagen Vento to become the third-largest selling sedan in February.
Mukesh to rejig personal investment
Ambani has investment in gas pipeline company Reliance Gas Transportation Infrastru-cture; Jamnagar-based power company Reliance Utilities and Power Ltd and Reliance Ports and Terminal Ltd.
Education loans: Banks to rate institutes
Banks may also rate students every year and fix interest rates according to the ratings.
PHOTOS: Most competitive cities in the world
There is no doubt that competition is increasing the world over, but there are cities that are more competitive than others.
SLOWDOWN: How India's key sectors fared in FY12
The Indian economy is estimated to grow by 6.9 per cent in 2011-12, after having grown at the rate of 8.4 per cent in each of the two preceding years.
Capt Gopinath has a solution for Kingfisher, Air India
These are troubled times for the 'King of Good Times', Vijay Mallya. His airline, Kingfisher has been hogging the headlines for all the wrong reasons.
PHOTOS: The world's most beautiful cars
There are some cars that are not just amazing to drive but also beautiful to look at.
March 21, 2012
Why Budget 2012 is NOT bad for the Indian economy
In an exclusive interview with rediff.com Gopalan replies back to the critics of the Budget presented by Finance Minister Pranab Mukherjee.
Renew US visa within 4 years, no interview requiredThe new rules will apply to those within categories of B1, B2, C and D.
IMAGES: Chevrolet Tavera Neo 3 BS IV at Rs 7.51 lakh
The engine of this car is now Bharat Stage IV compliant.
PHOTOS: Exactly how big is Apple?
As of July 2011, Apple had 357 retail stores in 10 countries.
Stunning PHOTOS of the Sydney Harbour Bridge
One of the world's most beautiful landmarks, Sydney Harbour Bridge has completed 80 years.
IMAGES: Secret behind Cognizant's success
Cognizant's success has come from its ability to learn how to change quickly and adapt rapidly.
When taxpayers are above the taxman
That's the case in some of the 17 retrospective amendments in direct tax laws
PHOTOS: The man who turned Bajaj around
Clear brand positioning is the key.
What about the price rise in Bengal Mamatadi?
Banerjee has already allowed one in power rates, besides making milk dearer.
PHOTOS: The magic mantra of Nestle
Thinking on its feet, Nestle has stayed ahead of rivals.
IMAGES: IT sector in India faces growth dilemma
Indian IT firms, with their focus on cost-saving and labour arbitrage deals will face intense competition from their better equipped global competitors who provide solutions across the value chain.
PHOTOS: Vodafone's tax battle far from over
SC dismisses review petition; govt waits for Finance Bill passage.
PHOTOS: DLF's foundation shaken by debt
With a huge debt burden of Rs 22,758 crore, DLF is scrambling to sell non-core assets to give itself some breathing room.
PIX: From April this year travel in Maruti Dzire taxis
The company has adopted a smart move here by not pulling out the original Swift Dzire.
IMAGES: India's top 20 profit making PSUs
India's first prime minister, Jawaharlal Nehru called public sector units 'the temples of modern India'.
PHOTOS: Brand Sachin pads up for advertising field
Sachin Tendulkar endorsed health drink Boost after his match-winning performance against England at Old Trafford in 1990.
March 20, 2012
Kingfisher to suspend international flights
Kingfisher Airlines on Tuesday decided to suspend all international flights from March 25 and further curtail domestic operations even as government warned the ailing carrier that its flying licence can be cancelled if it failed to meet safety norms.
Occupy protests: Are they more than a trend?
As a grand spectacle, of the kind that grabs headline news, 'Occupy' has indeed gone into the background even though the 'occupation' of Wall street continues at Union Square a few blocks uptown.
An energy sufficient India? A long road ahead
Today we are importing over 80 per cent of our oil needs which gets refined into kerosene, LPG, petrol, diesel, fuel oil, naphtha etc hence not only all our energy needs but also fertilisers and plastics needs are susceptible to international crude prices.
From the slums of Chennai he made it to the World Bank
The story of E Sarathbabu, a boy brought up in a slum in Chennai who turned into a successful entrepreneur, passing through, on the way, the corridors of BITS, Pilani and IIM-Ahmedabad has become legendary in India now.
Stunning IMAGES from an unfinished tourist attraction
Grand Canyon Skywalk is a transparent horseshoe-shaped cantilever bridge and tourist attraction.
Decline in poverty? RS dubs it as a ploySoon after the Rajya Sabha met for the day, members from Bharatiya Janata Party, Janata Dal-United, Bahujan Samaj Party, All India Anna Dravida Munnettra Kazhagam and the Left parties were on their feet seeking a discussion on the issue.
PHOTOS: Indian company among world's most-valued brands
Tata has moved up the ladder in a list of the world's most-valued brands.
PHOTOS: The stunning Embraer Legacy 650
Legacy 650 is a longer-range version of the Legacy 600 giving it a range capability of 7,223 km.
Pay hefty, become part of an IIM brand
Rs 25 lakh can make sure that the medal will bear individual or corporate donor's name for 10 yrs.
Why MF agents are laughing their way to the bank
According to a notification on Saturday, the "services rendered by a mutual fund agent or distributor to mutual fund or asset management company for distribution or marketing of mutual fund" form part of 34 items exempt from service tax.
Budget 2012: Which cars will cost MORE?
Your plans to bring home a dream vehicle may just have become a little more distant, with automobile manufacturers considering price increases to offset the impact of higher excise duty levied in the Union Budget.
India's Internet economy to touch Rs 11 trillion
Indian Internet economy represents 4.1 per cent of the gross domestic product.
New railway minister's qualification: Loyalty to Mamata
Roy's son Subhrangshu is also a Trinamool MLA from Bijpur constituency of North 24 Parganas.
Pranab 'confident' of keeping subsidies lowCritics call fiscal deficit projections ambitious; government to meet Opposition, chief ministers to discuss issues after Budget session
PHOTOS: Amazing cars that will hit the roads soon
Some of the biggest makers have announced stunning cars.
PHOTOS: Two Indian firms among most ethical in the world
There are many companies in the world, but not all do business ethically.
BEAT the HEAT with these frozen treats
The Rs 1,500-crore branded ice cream market (60 per cent of the Rs 2,500 crore market) has been evolving beyond the impulse purchases of stick, cups and cones.
March 19, 2012
JetLite to be merged with JetKonnect
JetLite was created in 2007, following the takeover of Air Sahara in April 2007.
Small clauses make life tougher for taxpayersThough the annual light & sound show anchored by Finance Minister (called the budget) made a lot of sound but the light was not enough to show the way where the Indian economy is heading.
HC quashes criminal proceedings against Microsoft India
Justice Suresh Kait set aside the trial court order for initiating criminal proceedings against the website.
Poor service: Delhi, Hyd airports top complaint list
Over 2,800 complaints were registered at various airports for issues like poor service, bad food, lost luggage or other problems, with Delhi and Hyderabad topping the list.
PHOTOS: India and major nuclear-power producers
Nuclear power forms a big part of energy production in some countries.
How Pakistan economy can benefit from India?
For Pakistan's economic growth, it is important for the country to have more trade with India, a top World Bank official has said.
Tata Motors raises car prices by up to Rs 35,000
Under the passenger car division, the company sells small car Nano, hatchback Indica series and Indigo family of sedans.
IMAGES: Chevrolet to launch 5 cars in India this year
The list comprises three completely new car models and two upgraded versions of its existing cars.
Poverty dips to 29.8% in 2009-10: Plan Panel
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released on Monday.
Lifeline: Rs 4,000-cr bonanza to rescue Air IndiaEquity infusion of Rs 4,000 crore into Air India, proposed by Finance Minister Pranab Mukherjee in Union Budget 2012-13, will improve the debt-equity ratio of the airline to a level considered comfortable and help open the doors of banks for them.
PHOTOS: Getting paid to sleep in five-star hotels!
Almost all of us do normal jobs, but some are luckier than us.
'Let's not spend too much energy focusing on the Budget'
Interview with Montek Singh Ahluwalia, Deputy Chairman, Planning Commission.
The secret behind Cisco's bold networking start-up
The product they are discussing, called Insiemi, would be designed to work in high-end computer centres that use "software-defined networking."
Get ready to pay more for petrol from AprilEven as automobile manufacturers are considering increasing the prices of their products, an increase in auto fuel prices is also imminent.
Meet Mukul Roy, the new Railway MinisterAll eyes are now on the low profile Mukul Roy, Trinamool Congress general secretary and Minister of State for Shipping.
Markets need to understand the implications: R Gopalan
The markets tanked 209 points after Finance Minister Pranab Mukherjee tabled the Union Budget in Parliament on Friday. Economic Affairs Secretary R Gopalan defends the measures, saying the markets will need time to comprehend the measures.
PHOTOS: India's most stunning trains
India's luxury trains are among the world's best.
PHOTOS: Aerial shots of Dubai
Dubai is as a global city and a business hub.
PHOTOS: Apple's new stunning iPadThe new iPad Wi-Fi models will be available in black or white at price of $499.
PHOTOS: India most upbeat on hiring
More employers expect to hire than fire over the next three months.
March 17, 2012
What they liked and disliked about the Budget
'There is nothing really good about this budget. One will have to read the fine print to see what the Direct Tax implications are.'
Budget: These 20 services will be cheaper
Metered taxis, entry to amusement facilities, second-class rail travel, and betting, gambling and lottery will not attract the 12 per cent Service Tax, as per the budget proposal.
What is missing from the food security Bill?
The food security Bill's focus ignores changes in agriculture and eating habits.
A tax expert's view of what the Budget 2012 was likeFinance Minister Pranab Mukherjee on Friday presented Union Budget 2012, the 81st Budget in India's history. Individually, this is Mukherjee's seventh annual Budget, second-highest by any Finance Minister. Boeing Dreamliner finally debuts in India
Boeing states that it is the company's most fuel-efficient airliner and the world's first major airliner to use composite materials for most of its construction. What makes MPs cheer on Budget day
One thing is clear from watching MPs on the Lok Sabha's biggest day: the only thing that unites them is the words "outlay was doubled".
Wanted: A professional to bring Air India on track
It will require leadership with business experience, not a bureaucrat, for the loss-making carrier to get back on track.
PHOTOS: Stunning interiors of Boeing's 787 Dreamliner
Boeing 787 Dreamliner is a long-range, mid-size wide-body, twin-engine jet airliner.
Budget: The FM could have been bolder
The FM could have been bolder, but this is still a forward-looking Budget.
I'm ready to even bite the ballot: Pranab Mukherjee
More than merely being an economic balancing act, this was also about walking the political tightrope.
March 16, 2012
In graphics: Budget-2012-13
A graphic description of Budget-2012-13
Budget 2012: IT-BPO industry expressed disappointment
Software body Nasscom expressed its disappointment over the budget as it has no fresh proposals for the USD 100 billion Indian IT-BPO sector even as the industry's request to exempt SEZ income from Minimum Alternative Tax has been ignored.
Pranab: I must be cruel only to be kind
"The life of a Finance Minister is not easy. Various players, including policy makers, politicians, agriculturists and business houses, participate in the making of the economy."
Budget hikes AC, first class train fares further
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget on Friday bringing journeys in them under the ambit of service tax.
Invest in stocks, get tax exemption!
In order to increase retail participation in the capital market, Finance Minister Pranab Mukherjee on proposed a tax exemption scheme for new investors.
Government to infuse Rs 158 bn in PSU banks
The government said it will provide capital support of Rs 15,888 crore (Rs 158.88 billion) to public sector banks and financial institutions during the next fiscal to strengthen their capital base.
New tax slabs: How much you will SAVE?
Giving some relief to tax payers, Finance Minister Pranab Mukherjee on Friday proposed raising the income tax exemption limit for individuals to Rs 2 lakh per annum from Rs 1.80 lakh.
Govt proposes amendments in Income Tax Act
In a measure that will have far-reaching impact on foreign investment and the Vodafone case having a tax implication of Rs 11,000 crore (Rs 110 billion), the government proposed amendment in the Income Tax Act retrospectively from April 1, 1962.
Impact of taxes on YOUR income
Biggest beneficiaries would be people having income between 800,001 to 999,999 per annum.
Budget: A bandage for an amputee
A much stronger focus was required on irrigation and water management. The FM merely acknowledged that it was a problem.
Allies will be consulted on 'tough' decisions: PMAgainst the backdrop of stiff opposition by UPA constituent Trinamool Congress to FDI in retail and rail fare hike, Prime Minister Manmohan Singh on Friday said the government will consult allies and take them on board whenever "tough" decisions are taken.
Left parties slam budget, say common man will be burdened
"The roadmap given by Finance Minister Pranab Mukherjee makes it clear that this budget will increase financial burden on common people," CPI(M) leader Sitaram Yechury told reporters outside Parliament.
Pranab quotes Kautilya and Shakespeare
Finance Minister Pranab Mukherjee made a quantum leap.
SHOCKER! Maruti, Honda, M&M to raise vehicle prices
Finance Minister Pranab Mukherjee on Friday announced raising of excise duty to 12 per cent from 10 per cent at present.
Budget gives boost to aviation sector
External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
Govt allows lenders to raise Rs 60Kcr via bonds
Move is to encourage investment in the infrastructure sector.
Congress happy with the Budget, TMC dismisses it
Congress ministers on Friday hailed the General Budget as "balanced, thoughtful and forward looking" which would lay the foundation for fiscal consolidation but ally Trinamool Congress dismissed it as "status-quoist".
Service tax rate hiked to 12%
Telephone use, eat-outs and other activities will cost more.
India Inc calls Budget missed opportunity
Budget would have cascading impact on inflation and consumer demand.
Measures proposed for augmenting funds for SMEs
In order to augment funds for SMEs (Small and Medium Enterprises), Finance Minister Pranab Mukherjee, in the General Budget 2012-13 presented in Lok Sabha, has proposed to exempt capital gains tax on sale of a residential property, if the sale consideration is used for subscription in equity of a manufacturing SME company for purchase of new plant and machinery.
Govt trying to reach consensus on FDI
Government said consultations are on to arrive at consensus on allowing FDI.
Good news! FM offers tax sops for you
The Individual tax payer exemption limit to be raised to Rs 200,000 from Rs 180,000.
Opposition parties slam budget as anti-people
The Opposition parties on Friday slammed the Union Budget presented by Finance Minister Pranab Mukherjee as "anti-people", "lacklustre" and one that would increase the financial burden on the common man.
Budget 2012: Steps announced to check black money
Tax collection at source on purchase, in cash, of bullion or jewellery in excess of Rs 2 lakh is one step announced.
Amendments to FRBM Act
Two important features are Effective Revenue Deficit and Medium Term Expenditure Framework.
Budget: What is cheaper, what is costlier
A look at things whose prices will change post Budget.
Fiscal deficit at 5.9 per cent of GDP
Government determined to bring down fiscal deficit to 5.1 per cent of GDP next fiscal.
Budget 2012: Substantial hike in defence budget
Rs 193,407 crore provision made for defence services in 2012-13.
Govt to fully provide for food subsidy, food security act
Food Security Act will be fully provided for and subsidy to be 2 per cent of GDP for next two years.
Budget 2012: Agriculture sector to get sops
India will become self-sufficient in urea production in five years.
External borrowing up to $1 billion in aviation sectorExternal commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
Economy is now turning around, says FM
Economy is now turning around, manufacturing appears to be on revival, says FM.
GDP to grow by 7.6 per cent in 2012-13Finance Minister Pranab Mukherjeet presenting the 2012 Budget said the GDP to grow by 6.9 per cent in 2011-12.
20 interesting facts about the Budget
India has had 28 finance ministers since independence.
Budget 2012: A few tips for the FM and PM
There is one unenviable job out there that Pranab Mukherjee is doing and the rest of the country is up in arms to judge his performance.
Economics vs politics: Mamata shocks India Inc
Mamata-wary corporate heads hope economics wins over politics in Budget.
High fiscal deficit weighs on marketOvernight, the Dow Jones industrial average rose 0.4% to 13,253 and the Standard & Poor's 500 Index advanced 0.6% to 1,403 at close.
What Pranabda will bring in his briefcase
Last Minute Preview of Budget 2012
An aam aadmi's open letter to India's finance minister
Need to classify clinics as industries.
Letter to the FM from a salaried employee
Find out what a salaried person wants from the finance minister.
Budget 2012: Tax payers may get some relief
Tax payers will be looking forward to some relief from Finance Minister Pranab Mukherjee who is expected to raise the income tax exemption limit to at least Rs 2 lakh in his budget proposals.
COLUMN: Budget is a big test for the UPA govtThe finance minister has to present a Budget that will revive investor confidence, restore fiscal balance and rescue the electoral prospects of his badly battered party.
SPECIAL: Is the Budget only about taxes?
First thing an average citizen thinks about before any Budget is about income tax.
What has Budget 2012 in store? Ganesha PREDICTS!
Expectations are always high from the Budget, but this year the expectations are even higher due to an increase in inflation as well as a widening fiscal deficit.
Budget Highlights: Tax sops, but costlier services
Finance Minister Pranab Mukherjee presented the Union Budget for 2012-13 on Friday.
March 15, 2012
Tepid growth in tax mop-up; SBI, LIC, TCS lead the pack
The initial numbers for the last installment of advance tax payment on Thursday by top corporates based in the financial capital present a tepid growth in the levy mop-up, with banking and financial institutions leading the pack.
INFOGRAPHICS: The state of Indian economy
India 4th largest economy, yet low per capita income.
IT sector, the biggest job creator in FY12
The job market has emerged unscathed from a slowdown in the economic growth rate and the country has maintained an upward trend in hiring activities continuously for about three years, the Economic Survey 2011-12 said on Thursday.
Indian economy to bounce back in FY13
Suggesting a rebound, the government has projected the economy to grow by about 7.6 per cent in the next fiscal, up from 6.9 per cent estimated in 2011-12 on the back of declining inflation and softening interest rate.
National Telecom Policy to be in place by June
"Draft of the policy was circulated in 2011 for consultation with various stakeholders. Views/comments from these stakeholders have been received and the same are under consideration. NTP is likely to be in place by June 2012," the Survey said.
India 4th largest economy, yet low per capita incomeIndia has become the fourth largest economy in the world due to a strong economic growth but still has a low per capita income, the Economic Survey revealed.
Govt bullish, GDP growth pegged at 7.6% for FY13
Following are the highlights of the Economy Survey 2011-12, a report card of the Indian economic scenario.
In pix: The SUCCESS story of Kalyan Jewellers
T. S. Kalyanaraman is the Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India with a turnover of Rs 8,500 crore (Rs 8.5 billion) this year.
A mountain railway that existed 125 years ago
Meghalaya does not have a rail link at present but around 125 years ago people from this quaint hill-station made memorable journeys on one of the most romantic mountain railways of the world the Cherra Companyganj State Railways (CCSR).
World Bank extends $4.3 billion aid to India
This arrangement, while facilitating a $4.3 billion increase in support to India, is designed to maintain IBRD's net exposure within the limit of US$ 17.5 billion established by the IBRD for lending to a large, highly creditworthy borrower like India.
RBI keeps key rates unchanged, pegs GDP at 6.9%The Reserve bank of India has kept the repo rate and reverse repo rates unchanged in its mid-quarter review of monetary policy announced on Thursday.
PHOTOS: Indian among richest bankers in the world
Some bankers in the world are really wealthy.
Mamata stops Trivedi in his tracks
Trinamool Congress sacks minister for raising passenger fares by 8-22%.
'Indian Railways was headed for ICU, I pulled it out'
In an interview with Business Standard, Railway Minister Dinesh Trivedi says if there is no rise in fares, the Indian Railways would come to a grinding halt.
IMAGES: These 13 swanky SUVs will soon be in India
Right now, MPVs along with SUVs comprise about 15 per cent of the entire passenger car market in India.
Mukul Roy to be India's new Railway MinisterPMO officials said while they had got a request from Trinamool Congress MPs for a meeting with the PM, no letter recommending Trivedi's replacement had been received till late Wednesday night.
IMAGES: New Ford Fiesta Ambiente at Rs 7.23 lakh
The company has got six variants in total -- two petrol variants, two diesel variants and two automatic variants.
March 14, 2012
Rail fare hike: How much your ticket will cost now
Union Railway Minister Dinesh Trivedi on Wednesday announced a marginal hike in passenger fares.
Montek hails Railways move to create tariff bodyPlan panel Deputy Chairman Montek Singh Ahluwalia welcomed the initiative to set up a Rail Tariff Regulatory Authority for rationalising fare and freight rates, in the Railway budget.
Indian Railways to borrow Rs 15,000 cr in 2012-13
The Indian Railways will borrow Rs 15,000 crore (Rs 150 billion) from the market through its dedicated financing arm IRFC in the 2012-13 fiscal, Railway Minister Dinesh Trivedi said on Wednesday.
Railways' gift for you: 75 new Express TrainsUnion Railway Minister Dinesh Trivedi said the new Express Trains would include 9 AC Express Trains including double Decker Express Trains between Chennai-Bangalore and Habibganj-Indore.
India Inc is impatient for reforms
We are already seeing pressure of inflation, we also seeing slowdown in manufacturing, hope excise rates are not increased because that will get passed to the consumer.
Rail Budget forward-looking: PM
Prime Minister Manmohan Singh on Wednesday hailed as "forward-looking" the Rail Budget which has proposed hike in passenger fares in various ranges in different categories.
Mamata livid, demands roll back of rail fare hike
A team of Trinamool Congress Members of Parliament met Railway Minister and party colleague Dinesh Trivedi soon after he presented the Railway Budget in which he proposed to hike fares across all classes.
Here's some good news for the ailing aviation sector
The airline industry was impacted last year by the global economic slowdown but the growing Indian and Chinese markets are expected to help boost the sector, Civil Aviation Minister Ajit Singh said.
Yashwant, BJP flay Rail Budget
Sinha, a former Finance Minister, said the hike put a 'big burden' on the people as it is 'steep'.
RBI unlikely to cut key rates tomorrow: Bankers
The possibility of key policy rate cut is not bright as industrial output grew by 6.8 per cent in January against just 2.5 per cent in the previous month.
A look at the Bills under discussion
The Budget session of Parliament started Monday with the President's address.
How to manage diversification in a portfolio?
Mutual funds have emerged as an ideal option for investors to achieve diversification. Apart from being a diversified investment vehicle, these offer a variety of funds within an asset class.
What Aamir Khan WANTS from Pranab
The Union budget would be presented this Friday.
PHOTOS: India's best railway stations
The Indian Railways has one of the busiest railway networks in the world.
Rail Budget: Investment in 12th Plan=Rs 7.35 lakh cr
Railway investment in the 12th Plan to be Rs 7.35 lakh crore
Passenger fares HIKED across all classes
Train fares have been hiked by 5 paise per km for Sleeper Class, Union Railway Minister Dinesh Trivedi announced on Wednesday.
Amenities: Passengers to get a good deal
Union Railway Minister Dinesh Trivedi in his maiden Budget announced passenger amenities worth Rs Rs 1,112 crore in 2012-13 as against Rs 762 crore in current year.
800 km of lines to be converted
All meter gauge, narrow gauge sections to be made broad gauge.
Rail Budget: A huge emphasis on safety
Railway Safety Plan for 12th Plan would be Rs 16,842 crore (Rs 168.42 billion), the Railway Minister informed the Lok Sabha.
Pay more for fares, get a modern rail network
Railway Minister Dinesh Trivedi present the Railway Budget on Wednesday.
SPECIAL:Why healthcare sector is upbeat about telemedicine
From Apollo to Narayan Hrudayalaya, healthcare outfits eye the segment as the next big growth opportunity, but they may have to wait for it to become solidly profitable.
Rail Budget: Annual Plan put at highest ever Rs 60,100 crore
The Annual Plan for Railway for 2012-13 is put at highest ever Rs 60,100 crore (Rs 601 billion).
Rail Budget: 487 UNFINISHED projects, says Trivedi
Trivedi presented the Railway Budget in the Parliament on Wednesday.
We'll tap regional partners: Kiran Mazumdar-Shaw
Biocon chairperson and managing director Kiran Mazumdar-Shaw is in a firefighting mode, as the company she founded was forced to call off a blockbuster deal with global pharmaceutical major Pfizer.
Par panel on DTC suggests wider Income Tax slab
Wants investment limit for tax savings schemes be increased to Rs 320,000
SPECIAL: RBI should avoid a self-goal
The bank risks losing credibility if it cuts rates this week despite rising crude oil prices and uncertainty over fiscal discipline.
Railways plan to hire 150,000
With 1.36 million employees, the railways are one of the biggest employers in the country, and constitute 28 per cent of the total central government employees.
What next for Greece and the troubled euro zone?
Like a cancer patient in remission, Greece now greets every little victory with disproportionate joy, in the knowledge that it has only postponed the inevitable.
Mamata's big rail plans FAILED to take off
Some say it is time to decongest the existing line infrastructure and cater to the supply shortage of rolling stock to meet the demand for bulk commodities such as coal, cement and foodgrains.
Markets end firm amid volatile tradeBSE market breadth is positive. Out of 1,509 shares traded, 1,073 shares have advanced while 378 shares have declined in trades.
Historical and iconic PHOTOS of Indian Railways
Railways were first introduced to India in 1853.
Jan IIP at 6.8% is strong recovery: FMDescribing 6.8 per cent industrial growth in January as an indication of strong recovery, Finance Minister Pranab Mukherjee on Monday said efforts will have to be made for promoting mining, capital goods and consumer durables sectors. India's tryst with the STUNNING Boeing Dreamliner 787
All eyes will be on the Boeing 787 as it will land in the city on Wednesday morning marking its debut on the Indian soil.
March 13, 2012
Recession: Moving IMAGES reveal the dark side of US
Unemployment and income inequality are increasing in the United States.
Fare hike in Rail Budget looks remote
The Rail Budget to be presented tomorrow may continue with the practice of not raising the fares and freight rates but the possibility of imposition of a safety cess may not be ruled out, at least on the higher class fares.
PF accounts to get lower returns this year
Around 61 million subscribers of the Employees Provident Fund Organisation (EPFO) are likely to get lower returns on their deposits this year.
Next phase of village banking likely to start
After coming close to the target of providing banking facilities in 73,000 villages with population of more than 2,000, the next one for banks will be to cover 120,000 villages with population between 1,000 and 2,000.
PHOTOS: Biggest tax havens in the world
There has been a lot of talk about tax evaders stashing their wealth in tax havens around the world.
Miles to go before India gets Pak's MFN status
It would be quite a strenuous journey for India before it obtains the much-awaited most favoured nation (MFN) trade status from Pakistan next year. India would not be allowed to immediately start exporting the remaining tariff lines yet, even as Pakistan's Cabinet has given its approval to shift towards a negative list containing 1,209 items.
Mitsubishi plans global small car hub in India
The company is far behind its aggressive Japanese competitors, selling only 4,000 vehicles annually.
PHOTOS: Biggest tea producing countriesIs India the biggest tea producer in the world?
Hedge fund threatens to sue Coal India's board
Second largest shareholder wants public commitment to have market-linked coal prices
Miles bought from Kingfisher: Banks have nowhere to fly
Banks stuck with miles purchased from Kingfisher Airlines, halt fresh buys
PHOTOS: World's 10 richest tech billionaires
These tech wizards transformed the IT sector with path breaking innovations.
March 12, 2012
Car sales rise, price hike likely post-Budget
Car sales in India grew 13.11 per cent to 2,11,402 units in February as customers rushed to buy vehicles fearing rise in prices post the Union Budget, to be presented this week.
IMAGES: New Mitsubishi Pajero launched at Rs 23.53 lakhThe sizzling hot Mitsubishi Pajero Sport is powered by 175 PS 4000 Nm 2.5 L diesel engine.
H-1B visa issue: Silicon Valley fumesNo Republican lawmaker dares cross Norquist, as the majority of them signed on to his Taxpayer Protection Plan, where they pledge never to vote for any legislation to increase taxes.
Coming soon: New Maruti Ertiga and Pajero!
Amidst the increasing demand for the utility vehicles in Indian automobile industry, leading car makers are gearing-up to launch their new age SUVs/MPVs in the Indian car market.
SPECIAL: How will the Budget impact your investments?
The Budget changes how much money we take home every month, what we save and how we invest our money.
Government to award road projects for 7,000 km this year
According high priority to infrastructure development, the government will award projects for construction of at least 7,000 km of roads this year, President Pratibha Patil said.
Industrial growth rebounds to 6.8% in JanuaryIIP growth has been revised upwards to 2.5 per cent in December, from the provisional estimates of 1.8 per cent.
Why Railway modernisation needs to get on trackThe search for a 'perfect decision' derailed a 2006 plan to build diesel and electric locomotive factories under the PPP model.
Photos: STUNNING cars that will make you drool!
Take a look at the flashy cars on display at the Geneva Motor Show.
CRR rate cut welcome, but is it enough?
This cut was welcome not just for its well-planned timing, but also for its relative size; the RBI has, too often, moved with baby steps when strides are called for.
Bull rally missed: Sour grapes?Institutional buying/selling activity shows domestic institutions were aggressively selling, whereas foreign institutional investors were seen lapping up stocks.
How cloud computing can transform your business
The potential of cloud to transform business enterprises is increasing as cloud computing gains traction with a variety of organisations and user groups across the globe.
IMAGES: World's least corrupt nations; India ranked 95!
The Corruption Perceptions Index ranks countries and territories according to their perceived levels of public sector corruption. It is an aggregate indicator that combines different sources of information about corruption, making it possible to compare countries.
Don't want to miss cricket match? Watch it on mobile!
With boom in mobile video on demand, India has now over 200 million video views a month on mobile devices, the average duration of clips viewed being 1-3 mins.
There's room for a 50-bp rate cut, says SBI chiefState Bank of India Chairman Pratip Chaudhuri says though Friday's cash reserve ratio cut will help ease short-term rates, liquidity may continue to be tight and, hence, a further 25-bp (basis point) cut in CRR can be expected.
Plan to buy a tablet? Check out these six
Apple has released its latest device, 'new' iPad, that also brings 4G capabilities along with a host of software upgrades.
PHOTOS: World's 20 economic superpowers
The United States reigns supreme as the world's economic superpower.
How social media helps you to bond with staff
Employees are increasingly becoming more active and vocal for solving everyday issues as well.
PHOTOS: 10 cool cars that are also fuel efficient
Car owners looking more and more for fuel-efficient vehicles.
March 09, 2012
Eleven companies call off IPOs in 2012: Report
At least 11 firms have called-off their Initial Public Offer (IPO) plans since the beginning of 2012, even as the country's largest commodity exchange MCX today made a stellar debut in the stock market after a highly-successful IPO last month, a report has said.
REVEALED! 10-yr-old tax evasion cases may reopen
Greater focus on international transactions.
Tax exemption to be hiked to Rs 3 lakhs soon?
In its report, which was submitted to the Lok Sabha Speaker Meira Kumar on Friday, the Standing Committee on Finance suggested that the wealth tax limit be pegged at Rs 5 crore (Rs 50 million), while the Securities Transaction Tax be abolished.
IMAGES: 3 new rivals for Maruti Swift will soon be here
Apart from the cut-throat competition it gets from Ford Figo, Chevrolet Beat, Nissan Micra, Hyundai i10 and Toyota Etios Liva, Swift will need to compete with a few more rivals soon.
PHOTOS: Mercedes-Benz launches City Bus
Mercedes-Benz has announced its foray into the city bus segment in India.
PHOTOS: Cities where rents are sky-high for expats
Rents are a big expenditure both for citizens and expatriates.
Want to access your computer from anywhere? Try iTwin
Lux Anatharaman designed iTwin, a cable-less cable, which has two identical USB drives with which you can access files kept remotely in a PC. The idea behind iTwin is, "to make remote access simple and secure."
Citi's Pandit gets $15 million package for 2011
As per a regulatory filing by Citi, Pandit's pay package for 2011 included a salary of $1.67 million, a cash incentive of $5.33 million and stock options valued at $7.98 million, totalling to $14.98 million.
PHOTOS: Historic look at how people used to travelThere was a time when people used to travel by horse-driven carriages. Apple cuts iPad-2 prices 17% to Rs 24.5K
It will take on Samsung Galaxy Tab models that start at about Rs 24,000.
Is the Aadhaar card really of any use?
It is not clear if banks will accept the card for opening accounts.
IMAGES: 20 nations with the largest gold reservesChina and India remain the cultural heartlands of gold, generating 55 per cent of global jewellery demand and 49 per cent of global demand, says the World Gold Council.
PIX: Iran crisis to hit 10 oil-starved nations
An oil crisis is set to further hit the fragile global economy.
IMAGES: JLR to launch more than 30 cars in 5 years
Some of the new products targeted at launch are the all-new Defender.
IMAGES: Over 4% of the world's richest are Indians!
Forbes said this year's 1,226 billionaires are a record high, up one per cent from last year's total.
March 08, 2012
IMAGES: 10 richest diamond mines in the world
We present here a list of 10 richest diamond mines in the world
IMAGES: Apple unveils iPad 3. May slash prices
With the device's mix of touch-screen functionality and as much computing power as some laptops, Apple has created a new category of consumer-electronics devices.
PHOTOS: Wine bottles that are simply beautiful!
Design of the bottles is also an important factor.
PHOTOS: Most luxurious cars in the world
Luxury is not just about the speed, torque, and the high horsepower of the vehicle.
March 07, 2012
Rein in prices, say homemakers
Finance Minister urged to work on alternative modes to lower inflation and help families save more
AI pilots warn they will keep away from flying duties
Protesting delayed payment of salaries and allowances, a section of Air India pilots today warned they would not undertake flying duties from April one if their dues were not cleared by then.
Realty focus to shift from Noida to Lucknow
While Noida and Greater Noida, next to Delhi, had gained in prominence under Mayawati as the Uttar Pradesh chief minister, Lucknow would get the same treatment now, experts said after the results to the five state elections were announced.
Infosys to hire 5,000 people for its new Hyderabad campus
Infosys Limited is planning to double the current strength by recruiting 5,000 people at its 448-acre Pocharam campus here by the end of this calendar year.
Room for reforms gone, but some see hope in BudgetIndia Inc's mandate after poll results
IN PIX: 11 Indians among Young Global Leaders
For 2012, the forum has selected 192 YGLs from 59 countries.
With mounting LOSSES SpiceJet is caught in air pocket
It has posted losses in four consecutive quarters as higher operating costs wiped out revenue gains.
Photos: STUNNING cars you would love to drive!
Take a look at the mind blowing cars at the Geneva Auto Show.
Why RBI must set a rupee bandThe RBI should develop a plan for forex markets without worrying about its inflation-fighting reputation.
Embattled Europe is now a fan of offshoring
Hobbled by the European crisis, countries like France and Germany who once fiercely resisted offshoring IT jobs are increasingly doing so, sending coveted contracts India's way.
UNVEILED! Tata Megapixel and 5 other stunning cars
Tata Motors, a regular at the Geneva Motor Show, has shown several concepts that have eventually turned into production realities.
IMAGES: 2 Indian companies among world's most ADMIRED
While the global rankings of the Indian companies are not available, the list does give their overall score.
Which is BETTER? The new Xylo or Tata Storme
While Mahindra Xylo has already hit the showrooms, Storme is likely to be available by March end or early April.
IMAGES: Ford may launch B-MAX in India also
This may be a part of the eight new products planned for India.
March 06, 2012
Oil cos want petrol price HIKED by Rs 5/litre
Oil firms had last revised petrol prices on December 1.
Nano to have more power, variants: Ratan Tata
Tata Group head Ratan Tata said on Tuesday he has set higher ambitions for the Nano car which will be available in more variants, including diesel and electric versions.
Bangalore airport turns the heat on L&T over runway
Invokes maintenance warranty for having to relay surface within 4 years; work to begin this weekend
What Mamata plans to do to keep Infy, Wipro in BengalAccording to officials in the state IT department, as part of the 2009 incentive scheme, the sop is currently available for all IT companies looking to set up or expand base in Kolkata.
Indian Railways need to modernise. But, how?
Indian Railways (IR) seems to be caught in a time warp, kept there by successive ministers who have played to the gallery by announcing more and more new passenger trains without caring what this will do to the congestion in the network and the efficient carriage of revenue-earning freight traffic.
Why you must BUY your dream diesel car NOW
About 45 per cent of car sales since October have been diesel, but the capacity has been constrained.
Get ready for higher medical, car insurance premiums
To reduce costs, take advantage of the no-claim bonus, buy top-ups or shop a bit.
3 suitors eye Kingfisher Airlines stake
Private equity majors interested in buyouts have started initial discussions with promoter Vijay Mallya.
March 05, 2012
SPECIAL: Seed festival and India's food politics
Activists have expressed dismay at the manner in which the Prime Minister discounted the democratic process that led to the Bt Brinjal moratorium.
India ranked 30th for women presence on companies' boards
Women account for over 30 per cent of total workforce of India Inc, but their presence is very low at less than 7 per cent when it comes to the board-level positions at the Indian companies, a survey has found.
United Spirits, the next shaky ground for Mallya
Brewing billionaire Vijay Mallya's woes seem to be compounding. His flagship spirits arm, United Spirits Ltd (USL), is starting to mirror Kingfisher Airlines.
PHOTOS: Fastest trains in the world
Trains have gone through a complete transformation.
Work well, get reward points from your employers
The employees are referred by a superior, based on their performance/behaviour. The company has been doing it to encourage the best performing employees through gifts, apart from cash incentives.
Is this a make or break budget for India?
There is immense hope that the FM will help turnaround the tepid sentiment in the country.
DON'T MISS! 25 biggest hydro-electric power stations
We present here a list of 25 biggest hydel power stations of the world.
China lowers its GDP target for first time in 7 years
Facing an economic downturn due to steady fall in exports, China, the world's second largest economy, for the first time in seven years today scaled down its GDP growth target to 7.5 per cent this year from last year's eight per cent.
LIC losses may be passed on to policyholders
Notional losses on insurer's PSU shopping spree at Rs 3,038 crore (Rs 30.38 billion) or 25 per cent of investment.
Battleground: Who will win Samsung or Nokia?
Smart phone leader Samsung is following a multi-platform strategy to win over the Indian mobile phone market; Nokia has upped the ante with differentiated products.
PHOTOS: The 15 richest countries in the world
There are some countries in the world that are really rich.
IMAGES: Mahindra plans to launch 5 great cars this year
Also on the list is a next-gen electric car from the Reva stable.
Home prices in Mumbai may FALL on launches, inventory
Fresh rules to trigger a number of project launches in the metro, say analysts.
MUST READ! All you want to know about espos
Esops are considered perquisites from a taxation perspective. If you are employed with the company at the time of exercising, then the perquisite amount would be added to your salary and subject to tax deducted at source as per the slab rate applicable.
March 02, 2012
IndiGo to hike flight frequencies on its routes
No-frills carrier IndiGo Airlines on Friday said it will increase frequencies on the domestic and international routes this summer as it adds nine aircraft to its fleet by the year end.
SPECIAL: China's $22 trillion time-bomb
China's growth model is based on the oldest rapid economic growth hormone available: debt.
Nokia's hopes ride on Asha
The company's overall share was sliding -- its market share stood at 49.3 per cent in 2010 -- and Korean competitor Samsung had dislodged it from the top slot in the aspirational smart phone segment in November 2011.
Meet India's most powerful businesswomen
They have played an important role in India's economic rise. Some of these women are founders, while others have taken up key roles in family-owned business, while some have scaled up the executive ladder.
The SBI chief and his crown of thorns
Worst quarter in a decade, fund crunch, Fitch downgrade and messy NPAs. . . he has had little to cheer about
Nano-bitten Bengal twice shy, won't drive away Infy, Wipro
West Bengal is having a rerun of the Nano episode, but this time it doesn't want the lead actors to exit the stage prematurely. The government is ready for whatever manoeuvres it takes to retain Infosys and Wipro projects in the state.
DON'T MISS! World's 10 biggest employers
CNBC recently came up with a list of world's biggest employers.
Indian CEOs inching closer to global salariesThe average salary of Indian chief executive officers is inching closer to their global counterparts.
REVEALED! How India's mobile market fared in 2011
India's mobile-phone market grew to 183 million handsets in 2011.
IMAGES: 10 hot cars that will be launched in 2012
Despite efforts by carmakers such as Ford, GM and Nissan to aggressively expand their Indian operations, domestic automakers continue to dominate the market.
World's most luxurious electric cars
Here are some cars, we feel will surely make you stop and think about investing in electric cars, if you haven't done so far.
PHOTOS: Countries with most foreign exchange reserves
Foreign exchange held by a nation is one way to measure a country's economic power.
IMAGES: World's 30 largest ships
We present here a list of 30 largest ships of the world.
March 01, 2012
Nine Indian women in Forbes' Power Businesswomen list
ICICI Bank CEO and MD Chanda Kochchar, Biocon founder Kiran Mazumdar-Shaw and film producer Ekta Kapoor are among the nine Indian women named in Forbes magazine's inaugural 'Asia Power Businesswomen list'.
Exports GROW 10.1% in Jan to $25.34 billion
Imports grew at a faster rate of 20.25 per cent to $40.1 billion.
Microsoft unveils Windows 8Microsoft Corp unveiled the first widely available test version of Windows 8 on Wednesday, giving the public the first chance to try out the slick, new-look operating system it hopes will restore the company's fading tech supremacy.
Which car to buy? Ford Fiesta or Honda City
It's earlier prime contender, Honda City, is already in the market now loaded with automatic gearbox.
Good News: India's unemployment rate falls to 6.6%
Government on Thursday said unemployment rate in the country has declined from 8.3 per cent in 2004-05 to 6.6 per cent in 2009-10 despite global slowdown because of the success of the employment policies.
Harvard B-school has a new address in MumbaiUS-headquartered Harvard Business School (HBS) has finally found an address for its executive education classroom in India. The B-school, beginning this March, will offer executive programmes at the Taj Lands End, at Bandra, in suburban Mumbai.
'Going back to 6.5% growth is leading to anxiety'
Vikas Khemani, President & Head-Institutional Equities, Edelweiss Securities, feels Finance Minister Pranab Mukherjee could really make Union Budget 2012-13 an important one.
Walmart to sell Hero bicycles worldwide
Breaking the near monopoly of Chinese bicycle manufacturers, the Pankaj Munjal-promoted Hero Cycles has clinched an agreement with Walmart, the world's largest retailer, to supply bicycles across the world. It will supply bicycles priced at $200 (roughly Rs 10,000) apiece.
New, faster Apple iPad expected next week
Apple Inc is hosting a media event next Wednesday, where it is expected to unveil a faster, better-equipped version of its popular iPad tablet to thwart increasing competition from deep-pocketed rivals such as Amazon.com Inc.
Why is RBI caught between inflation and slowdown
As GDP growth falls below the new normal, rate cuts seem inevitable.
Mahindra may cut expansion plans if diesel tax is imposed
An expected drop in sales may prompt Mahindra & Mahindra to cut scheduled capacity expansion plans, if the government goes ahead with the imposition of additional tax on diesel vehicles, according to the country's biggest maker of sports utility vehicles.
Political system will not allow reforms
Nirmalya Kumar discusses innovation happening in India, marketing tools and stalled reforms in an interview with Faisal Kidwai.
PHOTOS: See the world in this yacht for $12,700 per day
Price tag for the trip is $1.6 million per couple.
IMAGES: 20 best nations for doing business
To maintain a strong and mature economic growth, countries around the globe are focusing on attracting foreign investments. For this, many nations are working on developing easy policies and laws for foreign investors.
MUST READ: 30 countries with highest proven oil reserves
We present here a list of countries with highest proven oil reserves.
Meet the man who heads India's most vibrant think tanks
Intellectual freedom lies at the heart of successful academic institution-building, says Pratap Bhanu Mehta, President And Chief Executive, CPR
PHOTOS: Most expensive hotels in the world
While all luxury hotels are expensive, there are some that are really expensive.
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