July 29, 2011
DETAILS of the draft land acquisition Bill
Amid a raging controversy over land acquisition, the government on Friday unveiled a new draft Bill putting in place a transparent, legal framework aimed at giving adequate compensation to land owners and ensuring rehabilitation of those displaced. How 20 years of neoliberalism has ravaged India
Ironically, on the 20th anniversary of the event, the sleaze associated with neoliberalism, with all its cronyism, criminality and plunder of public wealth, is on full display. Why Nandan Nilekani could lose his job
The list of governmental and corporate intervention based on information technology is growing all the time. For each H-1B visa, US tech firms hire 5 Americans
Refuting the allegations of United States lawmakers and certain quarters here that H-1B visas take away jobs from Americans, Nasdaq's chief has claimed that studies show that for every H-1B visa, technology companies increase employment by five workers. Is the telecom tariff party over in India?
Burdened with debt, cutthroat competition and declining ARPUs, Bharti is the first of the telco biggies to raise prices. Others are likely to follow. Rajdhani trains to have Super AC coaches
At present, the second AC coaches in Rajdhani trains have 55 berths, while there are 72 in third AC coaches. Why is India's middle class silent on inflation?
Absence of public indignation against persistently high inflation is a mystery. India Inc welcomes new takeover code
Move to increase the trigger limit will lead to more transactions in companies. Here's why you should file tax returns
It helps in applying for a loan, travelling abroad. PIX: 11 brands that went for a makeover to succeed
The bottom line is that it's all about the chase for the wallet, and to reach out to younger customers who have more money to spend than ever before. PHOTOS: World's 25 largest consumer markets!
India, like other emerging economies, is a huge consumer market, and it is expected to grow further. From Jaipur to Berlin: Journey of Anshuman Jain
Jain, 48, currently the head of Deutsche Bank AG's investment banking division in London was named co-chief executive of Germany's largest lender. PHOTOS: World's best tablet PCs in the market!
The tablet market will be an extremely competitive market place that is likely to see a flood of new entrants. Why FDI norms in retail don't make sense
Committee of Secretaries has come up with a pointless set of guidelines. Housing Fin firms gear up to raise lending rates
Brace yourselves to shell out more for home loan instalments. 15 nations with highest FDI inflows; India slips
Global FDI inflows rose five per cent to $1.24 trillion in 2010, but were still 37 per cent below the 2007 peak and 15 per cent below the pre-crisis average. Financial crisis: Kingfisher plans low-cost routes
UB Group-controlled carrier to convert short-haul domestic routes with less demand for business class to all-economy configuration. Tariff hike: New telcos wait and watch
As trade pundits predicted, tariff hikes are going to be slow and steady unlike the domino effect caused in 2009, when even established operators went into a frenzy and slashed tariffs to hold back subscribers. PHOTOS: Debt trap: 21 countries facing default
Many nations, especially in Europe, are finding it hard to carry out the austerity measures. Manmohan Singh: Reformist FM to weak PM
Singh is conscious of his formidable reputation. Bad news! Mobile tariffs hiked by 20%
Two leading mobile operators, Vodafone Essar and Idea Cellular, are understood to have increased pre-paid tariffs by up to 20 per cent, in line with the recent Bharti Airtel move. According to industry sources, the tariffs were increased few days ago.
July 28, 2011
NEW takeover code! Minimum open offer size at 26%
Heralding a new set of rules for takeover of companies, the Securities and Exchange Board of India board on Thursday said that an entity buying 25 per cent stake in a listed firm will have to mandatorily make an offer to buy additional 26 per cent from public shareholders. 2 Indian-origin bizmen among Singapore's richest
Singapore's 40 richest are now collectively worth $54.4 billion. Maruti's Manesar plant workers on strike again
The workers resorted to a strike when five of them were suspended for 'allegedly assaulting a supervisor' on Wednesday. Chidambaram on why India must focus on reforms
Growth and economic reforms in India must take centre-stage again and acts of corruption or security concerns should not distract the attention of the government and the people, said Union Home Minister and former finance minister P Chidambaram recently. B1 visa misuse: Infy denies US staff's charges
In February, Palmer had filed a complaint in a court in Lowndes Country, Albama, alleging that Infosys had misuses B1 business visa programme to bring Indian employees to the US to work at clients' sites. PHOTOS: Why Paris is a tourist's delight
There are very few places in the world that are as closely identified with tourism as the French capital, Paris. Delhi's STUNNING T3 celebrates 1st birthday!
The glass-and-steel integrated Terminal 3 of the IGI airport has completed one year of operations today. Ford's Rs 4,000-crore plant to come up in Gujarat
The United States carmaker Ford on Thursday said it will invest Rs 4,000 crore (Rs 40 billion) to set up its second manufacturing facility in India with an initial installed capacity of 2.4 lakh (240,000) units annually. Reliance Industries: Mixed bag of results
Fall in oil and gas output has pulled down the overall profitability. Indians help MIT track e-waste
MIT is trying to find out what happens to used electronic devices after they are disposed. PHOTOS: 5 most popular sedans in India
Carmakers both domestic and foreign are lining up a slew of sedans to be launched sometime in the near future. Rate rise may hurt demand for office, retail space
The rise in interest rates is not only making homes and equated monthly instalments dearer for buyers, coupled with an anticipated slowdown in the economy, it would hurt demand for commercial real estate as well. PHOTOS: India's 17 SPECTACULAR airports
Riding high on the aviation boom, India has built 17 international airports. Starting a business in India?Takes less than a day
The Ministry of Corporate Affairs has simplified the procedures for incorporation to enable promoters to get their companies incorporated within 24 hours. IMAGES: Walt Disney's stunning mansion up for sale
Walt Disney's name lives on in history as the creator of a magical world and now his mansion is on the market for $3.65 million. IMAGES: Kerala, a 'Dubai' for Bengali migrants
Bengali migrants who call Kerala their 'Dubai' can be seen filling the massive labour gap in the state by toiling away in a gamut of industries, from construction sites, to petrol pumps, to hotels, tea estates and even paddy fields. Have a home loan? Try balance transfer
Consider prepaying or shifting but do the homework, as it makes sense or not, depending on where you've reached on the tenure. 'Breaking news' is now a raging scam on Facebook
Security firm Symantec confirms the trend. It has observed spammers trying to capitalise on related news headlines by sending out malicious threats less than a day after the news was released, according to a post on its official blog.
July 27, 2011
Tough road ahead for Ramdev's companies
More troubles are brewing for yoga guru Ramdev after the CBI registered a case against his close aide Acharya Balkrishan, with Enforcement Directorate probing the funding part of his business empire, that includes cash-rich trusts. 'Sub-8% growth will bring down inflation'
'While bank non-performing assets will rise, there is no systemic risk.' What's wrong with India's economic data?
Farm and factory data collection methods urgently need to be expanded and electronically integrated to provide accurate and meaningful numbers. Rate hike: Be ready for COSTLIER loans
Only those who opted for hybrid loans in the past couple of years will remain unaffected. UPA on overdrive after season of policy paralysis
It is assumed that the growing worry over slowing down of economic growth had prompted the government to act. 20 years on, LPG means loot, plunder, goonda-raj!
Reforms process has definitely degenerated into a newer form of LPG -- Loot, Plunder and Goonda-raj. Is China really losing its sheen?
As the reform years have gone by, China's bottom-up entrepreneurialism has given way to a crony-capitalist nexus between provinces and property developers that can no longer be restrained by Beijing. PHOTOS: World's 11 most innovative airlines
The objective behind the survey was to select airlines whose recent innovations are inspiring, interesting and challenging to a rapidly changing industry. Five segments to feel heat from RBI rate hike
While the rate increase was beyond Street expectations, it would put further pressure on demand and profitability of firms in rate-sensitive segments. IMAGES: Onboard the stunning Midnight Rider
The luxurious Midnight Rider has a place in the Guinness Book of World Records for being the world's heaviest limousine. Secrets behind BlackBerry's success in India
RIMs market share has shot up to 13 per cent. PHOTOS: Will India ever get such SUPERB trains?
India is yet to boast of a bullet train. Food subsidy transfer: Nilekani's 3-step mantra
Nilekani proposes centralised PDS network, model PDS software for transparency.
July 26, 2011
PHOTOS: Planning a holiday? Egypt beckons you
With the theme, 'Let's visit Egypt- Egypt is safe', the country is promoting itself as a safe tourism destination. 'Cloud computing can change IT sector's economics'
When most software companies in India stuck to services, Ramco Systems founded by P R Venketrama Raja in 1992 decided to create products by concentrating on research and development. Pranab welcomes RBI rate hike
Inflation has remained stubbornly close to double-digit levels during the first quarter of the current fiscal. RBI rate hike: Car makers fear further slump
Car-makers in India, who have been witnessing one of the slowest sales growth rates in over two years, said on Tuesday the Reserve Bank of India's decision to hike key rates will deal a further blow, as financing costs will rise. PHOTOS: The STUNNING Rolls Royce 'Tiger car'
A blazing red Rolls-Royce customised with a machine gun for Umed Singh II, the erstwhile Maharaja of Kota, who is said to have used the car for hunting tigers, is now up for auction. Switzerland may clear tax treaty with India
The revised Double Taxation Avoidance Agreement between the two nations, that would allow India to seek details about its citizens having unaccounted money in Swiss banks, was approved by Switzerland's Parliament on June 17 PHOTOS: 10 countries with highest unemployment
According to a UN Report, 205 million people were unemployed in 2010. RBI hikes rates: Home, auto loans to be costlier
RBI ups inflation target to 7 per cent from 6 per cent projected earlier. Inflation: Pranab seeks British lessons
Perturbed by high inflation despite the Reserve Bank of India's monetary tightening initiatives, India on Monday asked Britain for lessons to rein in price rise. BIG winners from China's economic success
Asian economies are already winning from Chinese growth. In Pix: STUNNING cars for India's super rich
Volvo is looking at introducing stripped-down version of its luxury sedans. COMPARED! Ford Fiesta diesel vs new Hyundai Verna
The new Ford Fiesta diesel takes on the current favourite, the Hyundai Verna CRDi. Business Standard plays referee.
July 25, 2011
Watch out! Another interest rate hike on the way
The Reserve Bank of India on Monday gave strong hints of another hike in its key interest rates at the policy review on Tuesday, saying that high inflation requires further monetary tightening, slowdown in growth notwithstanding. Gold hits all-time high of Rs 23,620
Silver also moved up by Rs 500 to Rs 59,500 per kg on increased offtake by industrial units and coin makers. Mumbai housing prices may rise up to 30%!
Mumbai municipal commissioner Subodh Kumar's proposal to charge additional premium on construction of certain sections in a building, could push up property prices in the city by 20 to 30 per cent, say property developers. Google+ gathers steam; 18% users from India
Search giant Google's social networking foray, Google+, is steadily gathering steam, owing primarily to users in India and the United States. Worldspace radio gears up for a comeback
The satellite radio service, which had gained a small but dedicated audience with its wide-ranging, advertisement-free programming, will be back as early as September, says Seetal R Iyer, head of content and co-founder of Timbre Media. Strauss-Kahn case: Maid on what EXACTLY happened
The 32-year-old maid Nafissatou Diallo, recalling the events of May 14 when Strauss-Kahn allegedly forced her to perform oral sex. Indians' share of money in Swiss banks ONLY 0.07%!
As per the official figures disclosed by Switzerland's central bank, the Swiss National Bank, total deposits of Indian individuals and companies with all the Swiss banks put together stood at about $2.5 billion at the end of 2010. Oil ministry: Always in middle of controversy
In 49 years since the ministry was set up in 1962, there have been 41 ministers. PIX: GFive launches 4 handsets, tablet PC by Sep
Mobile handset maker G'Five said it plans to introduce a tablet computer in India in the next two months to capture a share in the burgeoning market in the country. Why the next decade will belong to INDIA
The coming decade could finally be India's, as China ages and its working population stagnates, and its savings rate drops. IMAGES: World's 20 most valuable companies
Apple is all set to become the world's most valuable company beating Exxon in the next six months. Open your wallets for online bids
A healthy bank balance and an Internet connection is all that you need to fulfil your dreams. CRISIS: Air India pilots face financial turbulence
An AI spokesperson said the airline was in a financial crisis and all employees were facing a financial crunch. Reserve Bank set to HIKE rates again
Bankers and other stakeholders are now almost certain that the Reserve Bank of India (RBI) will increase the key policy rate, or the repo rate, by 25 basis points (bps) on Tuesday. Best celebrity ads of the decade
Here, we present some of the best celebrity ads of the decade that have managed to win our hearts and successfully managed to sell the product. Want to escape creditors? Declare bankruptcy!
Filing can be done in a local civil court and Cibil records data for at least 10 years. World's top 15 hotspots: ASIA rules
The world's largest companies are opting to locate their offices in booming Asian economies, reflecting a shift in global economic power, according to CB Richard Ellis (CBRE). PHOTOS: The world's 10 BEST airlines
With 200 airlines featured, the awards reflect customer satisfaction levels across 38 different items of airline front-line product and service.
July 23, 2011
Panel okays 51% FDI in multi-brand retail
India on Friday moved closer to a major economic reform, with a committee of secretaries (CoS) giving an approval in principle for allowing up to 51 per cent foreign direct investment in multi-brand retail.
July 22, 2011
The economics behind demand for smaller states
If smaller states are formed on the principles of 'self-determination', it could result in unstable states. Reliance-BP strikes BIGGEST FDI deal
After nearly five months wait, the government on Friday cleared UK's BP Plc buying 30 per cent stake in most of Reliance Industries' oil and gas blocks, including the showpiece KG-D6 gas fields, for $7.2 billion. Cognizant charged with H1-B visa abuse by US staff
Eighteen American information technology professionals have filed a civil lawsuit against its former employer, Cognizant, for replacing them with people from India who were hired by the IT major on H-1B visas. Reliance Infra is now under RTI!
Commission says that though Reliance Infra is a private company, it provides 'essential service' and hence comes within the ambit of the RTI Act. Will a makeover really help the Indian Railways?
With surplus funds projected to fall at an all-time low of Rs 1,300 crore (Rs 13 billion) in the current financial year and the operating ratio, a key efficiency indicator, at an all-time high of 92 per cent, the railways requires a massive makeover in asset utilisation and to open itself to the private sector, said R Sivadasan, former financial commissioner, Indian Railways. US company moves back call centre from India
Despite higher costs in the US, Carbonite says it has taken the step due to high turnover among its Indian staff, and complaints about the quality of service provided. RBI is caught between inflation and slowdown
Central bank should raise key policy rates again but avoid becoming a prisoner of its own making. India's largest arbitrageur shuts shop
BLB Limited, the country's largest arbitrage and proprietary book player not very long ago, went out of its primary business of share market trading earlier this week as business became unviable. The company, now operating with skeletal staff, will look at opportunities in the international commodities space. How govt aims to plug gaps in benami law
As the government faces heat over corruption and black money, it is planning to bring a law to prevent the misuse of benami transactions, a key source of illicit funds. 2 Indian cos among world's TOP 10 innovative firms
The method relies on investors - voting with their wallets - to identify the companies they expect to be innovative today and in the future. Mamata's populist sops to cost Rs 400 cr a month
More than a dozen schemes have been announced since the new government took over, with Naxal-dominated Jangalmahal finding a special place. HUL, Paras told to take off offensive deo ads!
The Advertising Standards Council of India (ASCI) has rapped the fast moving consumer goods majors Hindustan Unilever and Paras Pharma for their objectionable deodorant commercials, and asked them to pull them off air. SPECIAL: The world's 10 biggest banks
An overview of the 10 biggest banks of the world on the basis of their assets. PHOTOS: This is what America owes India, others!
Like all governments, the United States borrows hard cash through Treasury bonds. IMAGES: India's top 20 states by GDP
These states make India one of the fastest growing economies in the world. Services export: India ranks 10th
In 2009, the country stood at the 12th and 22nd position globally in services and goods exports, respectively.
July 21, 2011
Former beauty queen jailed for insider trading
Former beauty queen Danielle Chiesi will now be behind the bars. $5bn unpaid bills: No Iran oil for Indian refiners
In signs that Iran is serious about shutting off crude oil supplies to India over unpaid bills, the Islamic Republic has not allocated any volumes for supply to any of the Indian refiners for August. Why Gopinath's Deccan 360 has failed to take off
Pricey jet fuel, an over-ambitious expansion plan and a flawed partnership strategy have grounded the Captain's latest venture. Why UPA is in trouble over rural jobs scheme
New Rural Development Minister Jairam Ramesh has, however, taken up the challenge on how to synchronise the employment guarantee programme with the ground realities. IIT accused of stealing tech by US entrepreneur!
Farhang has alleged that IIT-K breached a 2003 contract it signed with her and her affiliate MA Mobile Limited by allegedly passing the technology, relating to a new platform for mobile computing, to others. New UK visa plan to attract global talent
Britain has announced a new visa category to facilitate the immigration for exceptionally talented people from India and other non-EU countries in the fields of Science, Humanities, Engineering and the Arts. Buying under-construction property? Think twice
Onus of paying the home loan is on the buyer. 9 Indian Americans feature in top 50 Asians list
Nine Indian Americans among Outstanding 50 Asian Americans in Business this year. American Airlines places largest order in history
Under the deal announced on Wednesday, American Airlines will acquire a total of 200 aircraft from the Boeing 737 family, with options for another 100 aircraft. Will dressing up like boss get you a promotion?
Business etiquette has been a flourishing industry for several decades in the West. Narayana Murthy on why bribing must be legal!
Supporting a strong Lokpal, Infosys Technologies Chairman Emeritus N R Narayan Murthy said reduction in corruption leads to faster economic growth of a country and this could have been the case in India also if graft had been curbed. 7-fold rise in Net banking in India since 2007
As many as 7 per cent of bank account holders in the country are using the Internet for banking transactions, while branch banking has fallen by a full 15 percentage points, according to a report by global management consultancy McKinsey & Company. Internet users: The world's TOP 20 countries recently came up with a list of top 20 Internet using countries. PHOTOS: The 20 richest people in India
The super rich are enjoying massive creation of wealth. PHOTOS: Check out India's TOP 9 hatchbacks
From Fiat to Ford and Maruti to Hyundai, almost all carmakers are now opting to introduce a diesel car.
July 20, 2011
This is what's delaying Manufacturing Policy
Commerce and Industry Minister Anand Sharma on Wednesday met Environment Minister Jayanthi Natrajan to resolve the inter-ministerial differences over a proposal to ease environment laws in the manufacturing policy. India Inc, get ready for mandatory CSR!
Regretting that the concept of voluntary CSR has not picked up in India, Corporate Affairs Minister Veerappa Moily on Wednesday said the new Companies Bill would make it mandatory for corporate to earmark part of their profit for corporate social responsibility (CSR) initiatives. No relief from rising prices till Dec, says govt
The common man will get no respite from rising prices for another six months, with the government on Wednesday saying that inflation, currently hovering above 9 per cent, will continue to remain high till December. Murthy to mentor Gujarat talent incubation centre
The Gujarat government has given consent for setting up an international centre of excellence to nurture youth into entrepreneurs, which will be guided by chairman and founder mentor of Infosys, N R Narayana Murthy. PHOTOS: A peek into the life of India's super-rich
Vijay Mallya, Adi Godrej, Anil Ambani and Anand Mahindra have fallen for the charms of a yacht. Now, Bajaj wants to set up a plant in Gujarat
Bajaj Auto is planning to set up its fourth and largest plant near the Mundra port in Gujarat. The plant will also manufacture the long-awaited passenger car the company is developing with Nissan-Renault. Google News, solar panels and Dolphin
Users can now see how voracious news reader they are by earning Google News badges. IMAGES: World's most amazing circular buildings
The circular shape of these magnificent buildings have made them architectural wonders. How farmers can generate more wealth from food
This could be done by farmers forming small production-cum-marketing groups and also challenging those corporate policies which dis-empower them. Toxic waste continues to contaminate Bhopal
Indifferent parent, dithering states and a lethargic Centre have allowed Union Carbide's deadly waste to poison the soil and groundwater in Bhopal. Regional brands struggle to go national
Many brands find the transition tough to handle and the reasons are many. Wipro Q1 net up 1.23% at Rs 1,334.9 cr
"We are seeing early signs of positive momentum after the re-organisation. Clients continue to focus on optimising operations, creating new products and getting access to newer markets. We will continue to make investments that bring superior value to our clients as they try to win in this market," Wipro Chairman Azim Premji said in a statement. SPECIAL: Don't get into this gold rush
The yellow metal is back in focus. Role technology played during the Mumbai blasts
With phones jammed and fragments of news, citizens displayed a variety of web tools. PHOTOS: The 5 most-loved hatchbacks in India
While some of these hatchbacks have been around for years, a few were recent additions. IMAGES: The top 10 economies in 2020
Emerging economies will take the centre stage in terms of GDP (PPP) growth by 2020. PIX: Flying cars may be in the skies in 5 years!
Imagine a car that can also fly. Well, it is a matter of just five years when you could see your fantasy becoming a reality.
July 19, 2011
Sebi issues moneylaundering warning on 10 nations
After cautioning Indian markets about possible money laundering and terror-funding risks from Iran and North Korea, market regulator Sebi has issued a warning for funds from eight more countries, including Turkey and Ethiopia. Modi woos Murthy to head youth centre in Gujarat
N R Narayan Murthy, chairman and chief mentor of IT major Infosys on Tuesday called on the Gujarat Chief Minister Narendra Modi and held discussions on a wide range of issues, including the setting up of a Infosys research centre in Gujarat. Why Murdoch's India empire is on safer grounds
The media conglomerate has a significant presence in India. Sushil Modi's first priority is VAT
Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers. Gold glitters, hits a record high at Rs 23,470!
The yellow metal crossed its last record level of Rs 23,270 set on July 16. Greece, Argentina: A tale of two defaults
The Greek debt crisis may turn out to be a much larger version of Argentina's economic crisis a decade ago. Cisco to slash 6,500 jobs; India plans unclear
Networking technologies major Cisco plans to slash 6,500 jobs, about 9 per cent of its global workforce, as part of an operational revamp to boost profitability. Sushil Modi's first priority is VAT
Bihar deputy chief minister and finance minister Sushil Modi was on Monday elected the new chairman of the empowered committee of state finance ministers. Gaming: Indian themes strike a chord
Foreign superheroes and characters will have to make way as the Indian-themed games laced with Bollywood masala, Indian cricket fever and ancient mythology make their presence felt on the social gaming scenario. India Inc training next gen for top job!
Industrialists passing on the baton to their children may be a common practice in India, but the next generation is not getting the crown on a platter anymore and is rather being 'trained' for the top job. Outward FDI: Has India Inc arrived or is leaving?
Is this a new "secession of the successful", coming a generation after the flight of professional middle class talent that created the so-called global Indian diaspora? How IIMs are trying newer ways to beat stress
Be it with faculty or students, premium business management schools are engaging newer initiatives for stress management. H-1 visa rejections soaring, says TCS
Tata Consultancy Services, India's largest information technology services company, says visa rejections have gone up significantly compared to a few years ago. Brokerages diversify to survive market conditions
Declining commissions, stagnant markets and increased foreign competition have forced brokerages to enter into marriages as well as new businesses. Now, write Shortmail of 500 characters!
Shortmail hopes to change the face of communication. 10 trends that will change the world in 10 years!
Technology is going to change the way we live and interact. PHOTOS: India's top 10 tourist destinations
The contribution of top 10 states was about 85.5 per cent to the total number of domestic tourist visits during 2010. Rs 67,000 crore: The loss, debt facing Air India
Facing a massive cumulative loss and debt burden totalling about Rs 67,000 crore (Rs 670 billion), Air India hopes the government would take an expeditious decision to infuse more funds to boost its rapidly dwindling financial position. Trees to be felled for hi-tech flats for MPs
The proposed construction of a residential block for Rajya Sabha MPs will come at a price -- 23 full grown trees, mostly neems, will have to be felled for the multi-story building in the heart of the capital. Pitroda is new advisor on 'Resurgent Bengal'
Paribartan in West Bengal has a new-found enthusiast. Sam Pitroda, advisor to the Prime Minister on public information infrastructure and innovations, will be advisor to the new government on 'Resurgent Bengal'. Bankers want a halt to interest rate hikes
Amid a steep slowdown in credit off-take and an unexpected spike in deposits, bankers on Monday urged Reserve Bank of India to hold the policy rates at the current levels, and sought a clearer picture on the future interest rates and inflation at the policy review next week Bajaj skids in entry-level motorcycle battle
Bajaj Auto's ambition to zoom ahead of market leader Hero Honda in the entry-level motorcycle segment (75-125 cc) has taken a hard knock. PHOTOS: 8 most popular sedans in India
National and international automakers have introduced newsedan versions. Decoding India's corruption wars
As Indian democracy deepens, power shifts will continue to happen and the middle class needs to accept that all such power shifts may not be in their favour, says .
July 18, 2011
Indian consumer confidence declines in Q2
Though Indian consumers continue to remain the most optimistic globally, their confidence level slipped by 5 points to 126 index points. IMAGES: World's highest railway bridges
These railway bridges are truly engineering marvels. SPECIAL: Crazy traffic jams? Mumbai has an answer
The Rs 72-crore World Bank-supported Area Traffic Control system is helping Mumbai cut down on commuting time. Meet the man behind Kolkata's first luxury mall
CESC Properties, a subsidiary of the group's power utility, CESC Ltd, is building the city's first luxury mall, Spencer's Galleria. It will house 20 luxury brands, a first for Kolkata. Focus on smaller towns can reduce poverty
Urban India accounted for 26 per cent of the poor in 2004-05. Rs 18,86,000 crore taken out of India in 10 yrs!
According to a first of its kind report on 'Ascertaining size of corruption in India with respect to money laundering', an individual spent over Rs 2,000 as a cost of corruption in 2009, which is 260 per cent higher than the amount borne by a citizen ten years back. Swiss banks owe Indians only $2.5 billion
The Swiss Central Bank has estimated the total liabilities of Swiss banks toward Indian account holders at about $2.5 billion in 2010 as against the $1.5 trillion figure projected by some political parties and non-governmental organisations. Why diamonds aren't forever!
Earth's hardest naturally occurring material can evaporate when exposed to intense ultraviolet rays, a new study reveals. Why 3G mobile TV is a distant dream
Irregular billing, poor network coverage and lack of relevant content makes mobile TV a distant dream for 3G services in India. Why Indian Railways must be commercialised
Struggling to make ends meet, the railways have demanded a doubling of gross budgetary support from the government. Why Maruti continues to remain No. 1 in India
Maruti Suzuki, with a half a dozen models ranging from the best-selling car Alto to WagonR, Swift and Estilo accounts for around 57 per cent of the small car market in India. In the premium hatchback segment, the company's market share stands at a robust 48 per cent. How he made low-cost computing a success in India
A serial entrepreneur's vision to drive PC adoption in India promises to bring computing power to every household through the innovative use of cloud computing. Coming soon: Super batteries for mobile phones
The scientists are, in fact, working with a material called graphene which may form the basis of the next generation of ultrafast energy storage systems. REVEALED: The all new Chevrolet Beat diesel
This car is touted to be Chevrolet's next big thing in India. New rail minister won't hike fare for turnaround
Lalu Prasad, who became the railway minister in May 2004, surprised the world in 2008 with the 'magic' turnaround he effected for the near-bankrupt railways, claiming to have created a surplus of Rs 25,000 crore (Rs 250 billion. Trai speeds up 4G auction process
Identifies spectrum for 4G services; eight companies to be accommodated; discussion paper to be out by August and recommendations by October. IMAGES: World's 20 most expensive cities
The survey covered 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. PHOTOS: 4 closest rivals of the NEW Ford Fiesta
The New Ford Fiesta is here with a fuel efficiency of 17 km/L (petrol) and 23.5 km/L (diesel). A house for Rs 32,000! Tata plan for rural market
The houses will be made in pre-fabricated format, under which the company will provide a kit consisting of roofs, doors, windows, etc, which can be erected or assembled.
July 15, 2011
Get Rupee symbol on computers for free
Like the American dollar and British pound sterling, the new symbol of Indian rupee will also be available in the computers by merely downloading a software provided free by the government. Black money: Stung govt wants recall of SC order
The Centre on Friday approached the Supreme Court seeking review and recall of its order for setting up a Special Investigation Team comprising its retired judges to take over the probe of all black money cases, including that of Pune stud farm owner Hassan Ali Khan. Prez Patil's recipe to fight black money menace
The President, while addressing the concluding ceremony of celebrations for 150 years of the Income Tax Department, also made a strong case for tightening laws to book tax evaders. SPECIAL: Why Nilekanis donated Rs 50 crore to IIHS
Nandan Nilekani and his wife Rohini donated Rs 50 crroe to the Indian Institute for Human Settlements, which plans to transform hordes into urban practitioners and may save our cities by doing so. As sales DIP, realtors go after the super rich
Real estate companies in South India are increasing the focus on premium launches to offset any fall in the operating margins as sales volumes drop due to the hardening interest rate regime. PHOTOS: The 10 safest airlines in the world
However, air accidents are not too uncommon and even the tiniest and least fatal of them don't escape the media glare ever. Finnair to fly its first biofuel flight soon
Nordic air carrier Finnair on Thursday said it plans to operate its first bio-fuel flight fromAmsterdam to Helsinki next week. Meet the man with the midas touch
VG Siddhartha, chairman of Coffee Day Holdings, has proved to be a canny investor and a serial entrepreneur. TCS stock hits lifetime high after stellar results
Shares of India's largest information technology services company Tata Consultancy Services spurted by 20 per cent to touch an all-time high in early trade on the BSE on Friday, boosted by smart growth in net profit for the first quarter of FY2011-12, which analysts termed as above market expectations. RPG empire: Sanjiv Goenka carves a new identity
The split of the Rs 19,000-crore (Rs 190 billion) RPG empire is now complete, with Rama Prasad Goenka's younger son, Sanjiv Goenka, on Wednesday stepping out of the shadow of the umbrella brand that traces its history to 1820. New food bill may not ensure food security
Earlier this week, the Empowered Group of Ministers approved the draft of the Food Security Bill, which will entitle 75 per cent of rural households and 50 per cent of urban households to subsidised foodgrain. How Tech Mahindra turned around Satyam
Real turnaround started from November 2010, when Mahindra Satyam announced its financial numbers for the first time after the scandal. PHOTOS: The new Ford Fiesta at Rs 823,500
The kinetically designed all New Ford Fiesta was launched in Mumbai. Terror fear driving diamond traders to new bourse
Zaveri Bazar alone clocks an estimated annual turnover of Rs 5 lakh crore (Rs 5 trillion), estimates the Bombay Bullion Association. A cheaper Scorpio to attract the young!
M&M wants to attract those 18-25 year olds who are buying mid-sized sedans, but fancy an SUV for its rugged image. SPECIAL: What all states must learn from Gujarat
Let's dig a little deeper into the reasons behind Gujarat's stellar agrarian success, especially as it comes after the decade of the nineties when growth averaged less than 5.0 per cent. 13 global cities top in luxury home prices
The gap between the performance of Europe and Asia's top cities has narrowed. Time to consign the Org Chart to the waste basket?
Authority and prestige in network industries no longer rest on your ability to control people 'below you'; they depend on your capacity to add value to the network, says . Blasts: Diamond merchants want special security
Surat Diamond Association, the apex body of diamond industry in Ahmedabad, has said there should be a special force for the security of diamond industry in the wake of serial blasts in Mumbai.
July 14, 2011
G Noida buyers to get back their money: Builders
Private real estate developers whose projects at Greater Noida have been thrown into limbo by the Supreme Court's decision to quash the acquisition of land from farmers assured investors today that their money would be returned with interest if they want. Cracks in telecom JVs after 2G scam
Foreign companies miffed at Indian partners for irregularities, rising debt. Blasts an attack on India's economic growth: Patel
Terming the Mumbai blasts as an attack on India's economic growth, Union Minister and Nationalist Congress Party leader Praful Patel on Thursday said the Centre and state governments should set up a specialised force to deal with such situations in big cities. Indians suffer as inflation continues to rise
Headline inflation rose to 9.44 per cent in June on the back of rising prices of fuel and manufactured products, which may prompt the Reserve Bank to raise key rates again in its quarterly policy review later this month. Celebs hail Mamata's London plan
Celebrities like veteran Bengali actor and chairman of the Satyajit Ray Film and Television Institute Ranjit Mullick and percussionist Tanmoy Bose want Mamata's promise to be viewed not in its face value but in its spirit. Decline in job scheme workdays worrying
The scheme guarantees 100 days work per household in a year and had been providing a major chunk by June each year. Creating a sustainable environment for growth
The IIP growth number of 5.6 per cent in May 2011 over May last year is the lowest in nine months. A downward trend in IIP has been seen since December 2010, with brief interludes of good news. Weather forecast: Why has the Met dept failed
The drought of 2009 still haunts the India Meteorological Department. Here's how to prepare for extra housing expenses
Keep additional cash to meet costs such as brokerage fee, society charges and parking fees. Posco project hit people should get justice: Rahul
Giving a patient hearing to woes of tribals in Jharsuguda in Orissa, Rahul Gandhi on Wednesday asserted that people affected by the Posco steel project must get justice, proper compensation and rehabilitation. Computers to help understand neurons
This may help neuroscientists understand one of the deepest mysteries of our brain - how neuronal networks communicate and work together. Now, a language test for computers!
One test might be whether the computer could analyse and follow a set of instructions for an unfamiliar task. Terror strike: Markets show 'care a damn' attitude
The BSE benchmark Sensex opened 145 points lower on Thursday after investors' confidence was shaken by Wednesday's serial bomb blasts in the country's financial capital, amid a weakening overseas trend. Now, tablet PCs from Indian companies
Bangalore-based EAFT Technologies is set to launch the 'Marathon' tablet PC on Thursday.
July 13, 2011
Public ire forces Murdoch to withdraw BSkyB bid
In what is seen as the first humiliation suffered by Rupert Murdoch, the media mogul on Wednesday dramatically withdrew the bid to takeover broadcaster BSkyB in the face of public revulsion about illegal news-gathering practices of titles owned by his company in Britain. Telecom: With fresh ideas, Deora takes charge
A two-time Congress Member of Parliament from South Mumbai, the 34-year old Deora said there was scope for improvement in the ministry, while emphasising on maximising telecom penetration in the country. BAD NEWS! Inflation may go up; rate hike likely
Economists said the full cascading impact of the sharp raise in diesel, LPG and kerosene prices announced on May 24, would be visible from July onwards when inflation could touch the double digit mark. India wants access to Google, Skype, Twitter data
Amid a raging controversy over BlackBerry posing security concerns, security agencies have now asked the Union telecom ministry to provide real-time monitoring of various social networking sites like Google, Skype and Twitter, among others. First Boeing 787 Dreamliner lands in Delhi
The first ultra long-haul passenger jet with a capacity to fly about 250 passengers non-stop up to 16,000 km touched down at the IGI airport in New Delhi on Wednesday. DEBATE: Will SIT on black money solve the problem?
No, curbing it requires a radical overhaul of our political structure, but since the executive has failed to act in public interest the court had no other choice but to take matters into its own hands. 2G scam: HC rejects plea against Tata, Ambani
"It is a rubbish petition. If I find that we you (petitioner) have tried to interfere with the investigation then you may be in bigger trouble," Justice Ajit Bharihoke said. China's GDP growth slows, but beats expectations
China's economy slowed down amid inflation concerns as its GDP growth rate slid to 9.5 per cent in the second quarter from 9.7 per cent in the first, while the economy in general expanded by 9.6 per cent in the first half of this year. Now, watch live concerts on mobile phones
Handset major Nokia, along with digital content provider, is readying a mobile application (app) that will bring music concerts to users' mobile devices. How to prepare for a new tax regime
There are many questions investors are asking their financial advisors at the moment. 12 nations that are BURSTING with opportunity
The rankings have changed significantly over the last year based on their recovery after the global recession. SPECIAL: Here's why Singur is important
The question that many observers of Bengal politics may be asking today is whether Singur will also mark the beginning of Banerjee's political downfall. Why corporates don't rely on gut feelings anymore
As technology has progressed, the new generation technology has compressed the time to analyse data from a few days to a few minutes, thus providing access to information to business leaders on real-time basis. Coming soon: Cars that TALK to each other!
Coming soon: 'Talking' cars! That's what Italian scientists, who claim to have developed a software that lets vehicles 'communicate' with one another on the road, say. How to file TAX returns: A do-it-yourself guide
Believe it or not, it's really not all that tough. All you need to do is to get a bit proactive and collect some important documents, something you would need to do anyway, even if you use the services of a professional. Agricultural growth: India's TOP 5 states
Gujarat has registered the highest agricultural growth in real terms during the past decade leaving other states far behind, states a study conducted by Associated Chamber of Commerce and Industry (Assocham). IMAGES: World's tallest residential buildings
Dubai reigns supreme in residential skyscrapers. How you can become a great boss
The ambitious ones stretch themselves to understand the challenges and deliver good results. PHOTOS: India's 8 most fuel-efficient diesel cars
Generally, there is a price difference of around Rs 100,000 between petrol and diesel cars. Now, mobile balance, recharge alert on the move
If one's balance is low or sometimes negative, it would intimate the person about the balance and also about the nearest recharge centre. Why India ranks low in INNOVATION
India, ranked 62 on the Global Innovation Index, spares just Rs 1.5 cr a year for the National Innovation Foundation.
July 12, 2011
Trivedi, the pilot, to put Railways on track
A trained pilot, Dinesh Trivedi has a challenging task ahead in putting the Railways on track after his boss and Trinamool chief Mamata Banerjee often came under attack for alleged neglect of this key ministry hit by train accidents in the recent days. 'Sensex to touch 22,000 in 12 months'
Switzerland-based bank Credit Suisse said on Tuesday it expects the Bombay Stock Exchange's 30-stock barometer Sensex to touch the 22,000 mark in 12 months. Infosys to hire 45,000 this fiscal
"We are looking at a gross addition of about 12,000 in our workforce and we are continuing with yearly target at 45,000 people," Infosys CEO and Managing Director S Gopalakrishnan said. The man who gave teeth to environment ministry
A no-nonsense high profile minister, Ramesh, an IIT alumnus and an environmentalist, was perhaps the country's first independent thinking environment minister Pranab on why austerity drive is necessary
Justifying the government's austerity drive, Finance Minister Pranab Mukherjee said on Tuesday the restrictions on foreign visits and other expenses are aimed at curbing wasteful expenditure and containing fiscal deficit. No big-ticket changes in economic ministries
Without making big-ticket changes in the economic ministries, Prime Minister Manmohan Singh on Tuesday shifted Law Minister M Veerappa Moily to the ministry of corporate affairs and inducted young Milind Deora in his council of ministers. SPECIAL: Dark clouds hover over Sun
Mounting bad news takes a toll on Sun TV's stock, but analysts say company's fundamentals still remain strong When your employer defaults on TDS payment
In case the company defaulted on depositing the TDS collected, it shall be liable to pay interest at the prescribed rate on the tax amount. ALERT: Don't fall prey to SMS fraud
Watch out for spams, scams and advertisers targeting you through mobile phones. IMAGES: The world's biggest and busiest projects
Tallest, longest, busiest the world has a number of record breaking projects. What Indian Railways needs to do for revival
The Indian Railways needs the return of the influential and well-heeled customer for its revival, if not survival. Secrets M F Husain shared with the DLF chief
The artist made a range of paintings for DLF from the mid-1960s to the late 80s. Infosys Q1 net up 15.72% at Rs 1,722 crore
The country's second largest software firm Infosys on Tuesday reported a 15.72 per cent jump in consolidated net profit to Rs 1,722 crore (Rs 17.22 billion) for the first quarter ended June 30, 2011. PHOTOS: 10 awesome SUVs coming soon to India
Want to know which SUVs are coming in the next few months? A ferry to the Maldives in 30 hours
Travelling to the Maldives might just get a little more exciting with the government now considering starting a sea route facility to the smallest Asian country. Users give Google+ the thumbs up!
With 60 per cent of India's online audience logging on to social networks, according to online audience measurement and analytics platform ViziSense, the introduction of Google's latest social networking site, Google+, has made Facebook and Orkut users sit up and take notice. The leading budget airlines in the world
According to the International Air Transport Association (IATA), which represents the majority of airlines operating in the $598 billion industry, the demand for LCCs is expected to rise 4.4 percent over the next year with the Asia-Pacific region growing faster at 6.4 percent. Murdoch media empire faces its worst ever threat
The working practices and ways adopted by his journalists, notably those of his flagship News of the World, have led to the demise of the 168-year-old paper that once reported in its time the demise of East India Company and India becoming part of the British Empire. The PM is an honest man and a brilliant economist
As questions arise on the prime minister's understanding of economics, his media managers probably need to attempt one more: the prime minister is a brilliant economist too! PHOTOS: 8 Indian firms among the world's largest
Out of the eight, five are state-run entities.
July 11, 2011
SC rejects plea against Kapil Sibal
The Supreme Court on Monday refrained from passing any order on a PIL filed against Telecom Minister Kapil Sibal accusing him of reducing a penalty amount favouring Anil Ambani-headed Reliance Communications, saying persons aggrieved can avail remedy under the law. 'Kerala has advantages that benefit the IT sector'
In an interview with in Kochi, G-Tec chief executive officer Binu Sankar says the prosopsals are expected to be included in the new IT investment policy. India's first unique solar plant
For the first time in the country, Tata BP Solar India Ltd, a joint venture of Tata Power and BP Solar, has installed and commissioned a megawatt-scale solar power plant under the rooftop and other small solar power generation plant scheme as part of Jawaharlal Nehru National Solar Mission (JNNSM). How Idea Cellular won the MNP game
To become the most favoured operator in the MNP stakes, Idea has worked hard to spruce up its network and quality of service. Son-rise at DLF; from daughter side
Rahul, son of K P Singh's elder daughter Renuka, has joined DLF India Ltd as a 'senior management trainee' with a pay package of Rs 57,725 per month, besides other benefits. Power failure cripples China's bullet trains
China's newly launched high-speed bullet train faced flak after the service between Beijing and Shangahai was paralysed for nearly 90 minutes following a power breakdown due to thunderstorms. Now, Dell enters the smartphone, tablet PC segment
Dell simultaneously is building a new distribution channel for smartphones and partnering with telecom service providers to promote its products. It's raining luxury brands in regional films
Regional film producers have started echoing what their Bollywood counterparts have been saying for a while: If there is a movie, there will be products placed in it, mostly those that have paid big money to be in the frame. Some states may block retail FDI
The move to open multi-brand retail to foreign direct investment may run into rough weather, with key Bharatiya Janata Party-ruled states, as well as some constituent parties of the ruling United Progressive Alliance, rejecting or being ambivalent towards the proposed policy. Ambanis lost $15 billion in a yr; so did investors
For every Rs 5 lost by the Ambanis in the past one year, approximately Rs 4 have been eroded from the coffers of their public investors also on an average, according to an analysis. When Ambani lost his cool and Tata was embarrassed
It's mostly fun and games at annual general meetings of companies, but sometimes it is also a bit ugly. . . BIG brands in fray to bond with Khadi
Fabindia, Shoppers Stop and four others have shown interest in a public-private partnership with Khadi Bhawans to manage 8 outlets. This, not corruption, is biggest threat to growth
Corruption in public life is not as much of a threat to economic growth as political instability. Cross-sectional and time-series evidence would show this. Bihar booms, but here's what needs to be done more
Bihar Chief Minister Nitish Kumar has done well to rinse Bihar of many ills. Going ahead the challenge for the state is to grow beyond soft reforms! Now, CAG blasts ministry for Air India mess
The civil aviation ministry initiated and then made a mess of the merger of the erstwhile Indian Airlines with Air India, according to a Comptroller and Auditor General report. PHOTOS: World's 13 most expensive cars
Some of these biggies are already in India while the rest are likely to be launched sometime soon. SPECIAL: How Nano factory has transformed Sanand!
We find out how the Nano factory has changed Sanand, from a sleepy village to a town bustling with activity and development.
July 08, 2011
ED slaps Rs 7,000 crore fine on Etisalat DB
The Enforcement Directorate on Friday slapped Rs 7,000 crore (Rs 70 billion) penalty on telecom firm Etisalat DB on various charges of FEMA violations in the 2G spectrum allocation scam. IMAGES: Biggest deal for China's bullet trains
China's bullet train is set to go abroad for the first time as the country plans to export 228 bullet trains to Malaysia to develop intercity transportation for Kuala Lumpur. Did not favour RCom, says a rattled Sibal
Telecom Minister Kapil Sibal tried to put up a brave front over the allegations levelled against him of causing loss to the government by favouring an Anil Ambani-led company. Mumbai, Delhi among 5 CHEAPEST places in the world
The 10 cheapest cities in the world have a strong presence in the Indian subcontinent and the Middle East and North Africa. Maran joins list of big guns felled by 2G scam
A well-known amateur radio operator, Dayanidhi Maran, has joined a growing list of top politicians and corporate honchos to be felled by the 2G spectrum scam in which DMK was further dealt a body blow with its two leaders already behind bars. How chips help to understand human brain
Chips based on ARM processor technology would be linked together to simulate the highly-complex workings of the brain, whose functionality derives from networks of billions of interacting, highly-connected neurons. Indian handset makers eye new shores
Karbonn Mobiles, Intex, Lava, Micromax and Maxx Mobile are among the brands that have entered markets in Bangladesh, Nepal, Sri Lanka, West Asia and Africa. India to see huge drop in poverty: UN
India has contributed to a large reduction in global poverty, according to the UN annual report on the Millennium Development Goals, which also pointed out that despite progress, the most vulnerable sections of society were being left out. Can India's beverage majors break the Rs 5 jinx?
The going hasn't been that easy for beverage majors. For most part, these firms have struggled to make a profitable product at Rs 5. Take your car on the Scotia Prince to Lanka!
This drive-in, drive-out facility will be on offer for passengers on board Scotia Prince. Mid-sized IT firms go for experienced hires
In many cases, clients also prefer experienced employees for niche projects, which is only adding to the woes of the IT services providers. Trading is injurious to investors' wealth
Retail investors are particularly wary right now as stocks are generally beaten down; it's time to use common sense and wait out the bad times. This is how your money earns the promised returns
It can be generalised the money would be used to build an asset portfolio that would generate returns, which, in turn, will pass on to the investor, based on the terms of contract with the investor. SPECIAL: Can the Dreamliner save Air India?
This new plane has become AI's javelin with which it hopes to outfly competition and repair its financial mess. Should India explore hydro-power for energy needs?
Jairam Ramesh has set off a growth-versus-sustainability debate. PIX: Check out these awesome undersea structures!
Poseidon Undersea Resort is the world's first seafloor resort in Fiji. PHOTOS: New Maruti Swift to be more fuel-efficient
The new Swift, which the country's biggest car maker -- Maruti Suzuki India Ltd -- plans to launch next month, is more fuel-efficient. It will come with 1.2-litre petrol and 1.3-litre diesel variants. STUNNING images of a plane that can fly and float!
The two-seater ICON A5 is being developed by California-based Icon Aircraft. Its wings can be folded easily from the cockpit in under five minutes while on water or land. Mumbai's real estate market drying up
Low registration also seen in last six months. 2G scam: Did Kapil Sibal favour Anil Ambani?
The charge against Sibal is that, in February 2011, he reduced the penalty on RCom for violation of the United Access Service Licences agreement from Rs 50 crore to Rs 5 crore (Rs 50 million) per telecom circle.
July 07, 2011
New Discovery 4, Range Rover at Rs 27 lakh
Tatas' owned Land Rover on Thursday said it will introduce two new variants of sports utility vehicles Discovery 4 and Range Rover Sport in October this year in the UK, the on-road prices of which will start from 37,995 pounds (about Rs 27 lakh). All about the draft micro finance bill
The government has released the draft Micro Financial Sector (Development and Regulation) Bill, 2011, which seeks to make it mandatory for all microfinance institutions to be registered with the Reserve Bank of India, making it the sector regulator. Montek may join Cabinet, get Commerce ministry
Yojana Bhawan is working overtime to complete the crucial Approach paper to the 12th Plan amidst a buzz that Planning Commission Deputy Chairman Montek Singh Ahluwalia may get a Cabinet berth in the reshuffle expected soon. Rounding off prices: Small change, big turnover!
Millions of such transactions take place every day all over the country. The finance ministry had recommended that pricing of products/services/taxes should be rounded-off to 50 paise or a whole rupee, but that is yet to be achieved. 2G scam claims one more: Dayanidhi Maran quits
Union Textile Minister Dayanidhi Maran, who has been implicated by the Central Bureau of Investigation in the 2G scam probe, resigned from his post on Thursday, just hours after attending a meeting of the Union Cabinet. Food inflation at 7-week low of 7.61%
As per data released by the government on Thursday, pulses became over 9 per cent cheaper year-on-year during the period under review. PHOTOS: $7.8 bn for the STUNNING Dubai airport
Dubai Airports has given the green signal for a $7.8 billion (28.8 billion Arab Emirates dirham) airport and airspace expansion programme, which will boost capacity at Dubai International from 60 million to 90 million passengers per year by 2018. IMAGES: Skoda plans five NEW models for India
While a refurbished Laura would hit the roads some time next month, a premium mid-sized sedan, Rapid, would arrive by the end of the year. SC orders to hit Rs 40,000 cr Noida projects
Sahberi village ruling to hit sentiment in Noida Extension, where projects worth Rs 40,000 crore are being executed. Zuckerberg announces the big Facebook 'surprise'
Facebook launches video chat powered by Skype. Why Gujarat can be India's biggest automobile hub
Gujarat Chief Minister Narendra Modi dreams of making Gujarat an automobile hub. IMAGES: India's top 20 brands: Amul is No. 1
Amul owned and marketed by Gujarat Co-operative Milk Marketing Federation (GCMMF), has beaten all other Indian brands to notch the 89th position in a 'Top 1000 Brands of Asia' survey conducted by Campaign magazine. PHOTOS: The 8 closest rivals of Etios Liva petrol
Toyota makes an entry into the small-car space.
July 06, 2011
Now Maran, Essar too under CBI scanner in 2G scam
Union Textile Minister Dayanidhi Maran has come under the scanner in the 2G scam probe, with the Central Bureau of Investigation telling the Supreme Court on Wednesday that he had misused his office and forced C Sivasankran, the promoter of Chennai-based Aircel, to sell his firm to Malaysia-based Maxis Communications in 2006. PHOTOS: The NEW BMW X3 in India this Diwali
The bonnet of this luxury barge is powerful to assure great safety to the car engine with the rear designed in a distinctive manner. The story of the first couple of the Birla empire
For the time being, however, Sehgal's book has to be required reading for anyone wanting to know not just about BK and Sarala Birla but the saga of the entire Birla family. TDL-4: The Virus that escapes scrutiny
TDL-4 uses a rootkit attack technique to infect a machine's boot sector when a user is starting his computer (known as booting). Hence, it avoids detection by some security tools. Satyam all set for big-ticket F1 deal
F1 is the highest class of single-seater auto racing sanctioned by the Federation Internationale deRs Automobile. Black money: SC's no confidence in government
Perhaps never in the history of independent India has one pillar of the Constitution implicitly castigated another pillar -- the executive, in this case -- as heavily as the Supreme Court has done this time. More Indians buying homes on hill stations!
With family income on the rise, hill stations in India are increasingly becoming attractive real estate destinations for more and more Indians, according to a survey. How this MIT grad aims to light up rural India!
Harish Hande had a strong belief in the potential of solar energy for solving energy utility issues, and decided to take the challenge head on. PHOTOS: The STUNNING Boeing 787 soon in India
One of world's largest aircraft in terms of seating capacity, will make its solo debut in India next week. Dubai property set to boom again
The Dubai property market is showing good signs of a recovery, with many neighbourhoods reporting the first increases in value since 2008, a new industry report has revealed. IMAGES: The 10 luxury brands in the world
Considered as opulence marquees, these brands display superior design and fine craftsmanship. They are sported by the rich and famous. SPECIAL: Meet India's first television moghul
Subhash Chandra is not happy with the way television, a business he pioneered in India, looks today. He thinks an independent regulator would do the business a lot of good.
July 05, 2011
Iran payment row: Govt sure about finding solution
More than six months after a Reserve Bank of India order threw out a mechanism to pay for Iranian oil, Oil Minister S Jaipal Reddy on Tuesday said India is trying to ensure uninterrupted supplies of crude from the Persian Gulf nation. Lalu: Expose Indians with black money abroad
Rashtriya Janata Dal chief Lalu Prasad on Tuesday said the government should disclose names of all Indians who have stashed black money in foreign banks and demanded that these money be brought back to the country and 'redistributed' among the poor. India to see stable growth, inflation to ease: UBS
The need to raise policy rates one more time still exists. Strauss-Kahn to sue French writer over rape charge
Former International Monetary Fund chief Dominique Strauss-Kahn facing sexual assault charges in New York will sue a French writer, who has accused him of attempted rape, for 'slanderous denunciation'. R-Infra to pay a hefty fine over sea link pact
Reliance Sea Link One Pvt Ltd (RSOPL), an arm of Reliance Infrastructure (RInfra) which has bagged the Worli-Haji Ali sea link project in Mumbai, will have to pay a daily penalty of Rs 10 lakh for not complying with the provisions of a concession agreement with Maharashtra State Road Development Corporation (MSRDC). Want to invest in your child's future? Read on
As certified financial planner Gaurav Mashruwala says, "As a thumb rule, for the maximum growth, investments for goals which are more than 10-15 years away should be made in equities. Two-three years prior to the goal, the corpus should be shifted to debt instruments." World's most innovative nations; India slips to 62
From being ranked at 56 last year, India now stands at 62, according to INSEAD and Confederation of Indian Industry (CII) and global business school INSEAD. Below normal rains not to hit foodgrain output
His comments assume significance as this is the first time that a senior government official has spoken on the possible impact of below normal rains on agriculture production. IIM and Corporate Social Irresponsibility
Here is why the course at IIM-A, investigating Corporate Social Irresponsibility, is both necessary and well-timed. PHOTOS: Hero scooters to race against Honda
While Hero Honda is ramping up capacity by 50 per cent, HMSI is readying itself to launch a fourth product. IIM-A, XLRI put Hyderabad entry on hold
IIM-A and XLRI were invited in 2008 by late chief minister Y S Rajasekhara Reddy. PHOTOS: The STUNNING Maruti RIII at Rs 700,000
Maruti to debut in MPV segment with R3. I-T dept goes after big fish, salaried to escape
The salaried will not face regular income tax scrutiny this year. FDI shoots up 111% at $4.66 bn in May
In May 2010 the foreign direct investment was $2.21 billion. IMAGES: Check out India's 13 super expressways
India has a road network of over 3.314 million kilometres, making it the third largest road network in the world. The INCREDIBLE 2 months that changed India!
From the brink of defaulting on international payments to a Budget that changed the face of India - takes us through the twists and turns. Pressed by debt, hoteliers scout for contracts
The three companies, after witnessing the increased presence of international hotel companies over the last few years, are making very little or no fresh investments in building hotels under their own brands. 7 Indian cities where property price have dropped
Property prices in seven cities across India dropped by 2.63 per cent to 17.6 per cent during the January to March quarter, according to the latest data released by the National Housing Bank.
July 04, 2011
Riders get rewarding for life insurers
Since last September, when the Irda capped distribution costs of Ulips, the number of policies with riders being sold had risen from 5% of the total to 20%. States told to draft code of ethics for ministers
States have been advised to appoint financial advisors or set up an empowered committee with financial experts to oversee major spending decisions. Now, Gujarat bets big on tourism
After wooing industries, the Gujarat government is now focusing on tourism promotion and plans to invest around Rs 635 crore (Rs 6.35 billion) in the next three years. A tortoise named Duranto trains
Our poor railway network is a reflection of how we, as a nation, wait for things to happen unlike China that makes things happen. 30 MEGA projects: China's pride, world's envy!
Some of the world's biggest and most expensive infrastructure projects are in China. Pesky calls, SMSes: Sibal to meet mobile users
Amid growing consumer dissatisfaction, Telecom Minister Kapil Sibal will hold the first round table with consumer user groups to look into their grievances in issues like pesky calls, hidden costs in tariffs and ineffective redressal system, among others. No tax blow for final leave encashment
Court rulings interpret 'retirement' and 'resignation' as similar events, thereby allowing tax exemption. PHOTOS: 3 NEW cars to hit Indian roads this July
While the New Fiesta sedan is a retouched version of Ford's best selling car in India, there would be Mercedes engine powered Force One SUV and the last but no the least, the Chevrolet Beat Diesel. Maid in Strauss-Kahn case lied under oath?
The Guinean maid, who accused former International Monetary Fund chief Dominique Strauss-Kahn of sexual assault, may face perjury charges and she can also be deported from the United States following claims that she lied under oath, a news report said. Bollywood, insurers: No love lost
Unlike most Indian movies that have a happily-lived-ever-after theme, there is no love lost between the Indian film industry and insurance companies. Amazing journey of a 70-yr-old social entrepreneur
In 2002, Mukundan started manufacturing Venus kerosene burners that reduce fuel usage by 30 per cednt. From 2,000 burners in the first month, today Servals sells 120,000 such burners every month. The truth behind IMF's ideological bias
The question is whether this would mean any change in IMF's policies, particularly on the question of what to forgo out of the impossible trinity of an independent monetary policy, managed exchange rates and a liberal capital account. Black money: SC appoints special probe team
Former apex court judge M B Shah will also be member of the SIT. It's not jobless growth, show official data
According to principal advisor with the Planning Commission and former chief statistician, Pronob Sen, there were 40-45 million more people in the age group of 15-59 between 2004-05 and 2009-10. The unemployment rate has correspondingly fallen from 2.3 per cent to 2 per cent of the labour force. Is there a 'right business strategy' for India?
Does it depend on the company's context - and a true understanding of its core competences? Here's how you can jazz up your laptop
To get the most out of your notebook and use its intended functions, particularly portability, it is important that you have the right choice of accessories. How RIM plans to knock out competition in India
After focusing relentlessly on the enterprise customer, Research in Motion is going all guns blazing for the individual consumer. IT majors raise temp hiring for skilled jobs
A dearth of skilled staff, especially for high-end technologies, coupled with difficulty in obtaining H1-B visas, is prompting Indian IT companies to hire more people on a temporary basis overseas. How Facebook is helping individual entrepreneurs
With 30 million Facebook users in India, it makes perfect sense for neighbourhood businesses to use the medium to endorse their work. How India's oil sector is mired in controversies
GX Technology case led to police cases against Sibal.
July 01, 2011
PHOTOS: Cars and bikes: How they fared in June
Maruti Suzuki India and Tata Motors reported decline in sales during June this year. PHOTOS: World's 20 COSTLIEST transport projects!
A well-developed transport system is crucial to a country's economic growth and stability. $100 billion! Tata market cap tops historic mark
The country's top corporate house Tata Group's market capitalisation on Friday crossed the $100-billion mark, as some of its companies including IT giant TCS gained value despite an overall weak market. Left sabotaging efforts to rebuild economy: Mamata
Speaking at a function to observe the birth anniversary of state's second chief minister Bidhan Chandra Roy, the chief minister said, "We are trying to rebuild the state from a scratch. We believe in construction and not in destruction and we will rebuild Bengal." GSM is 20! Transcript of world's first such call
It was today, 20 years ago -- July 1, 1991 -- that the world's first GSM call on a commercial network was made between Finland's former prime minister Harri Holkeri and vice mayor of the city of Tampere Kaarina Suonio. Petrol pump strike in Mumbai called off
All petrol, diesel and CNG pumps will remain shut on July 2 and 3. IMAGES: The world's longest cross-sea bridge
The bridge, connecting urban Qingdao with the city's less-developed district of Huangdao, cost about 14.8 billion yuan ($2.3 billion). World's largest steel producers; India 4th
According to figures released by World Steel Association (WSA), which lists the top 65 steel-making nations that account for 98 per cent of the world's steel production, the global steel output in 2010 was 1413.5 mmt, up from 1230.9 mmt in 2009. IMD's track record clouds 2011 monsoon forecast
The India Meteorological Department's (IMD's) earlier forecast for southwest monsoon has surprised many, as from a relatively comfortable situation in April, the performance of monsoon this year looks slightly shaky now. US Treasury Secretary may quit in Aug: Reports
Geithner, who this week headed the US delegation for the second India-US Economic and Financial Partnership, has been in the administration since its beginning. Obama on what makes America a great nation
The US is facing tough competition for "good jobs" from emerging economies like India and China, President Barack Obama said. Unused property: AI loses Rs 80 crore annually
Air India's indecision comes at a time when the government carrier has a working capital debt of Rs 18,000 crore (Rs 180 billion) and growing interest and operating costs have put strain on the airline. Wanna quit smoking? E-cigarettes are now in India
Gurgaon-based firm launches e-cigarettes. IIT-Bombay to sell games
The premier institute of technology has, for the first time, decided to auction board games created by its students in the market. PHOTOS: Check out these 14 STUNNING luxury cars
The luxury car segment in India starts at Rs 20 lakh. The high and low of India's retail sector
In the first flush of liberalisation, foreign direct investment (FDI) in multi-brand retail was allowed in India, a tempting proposition that had led one of Britain's oldest retailer, Littlewoods, to set up shop here. What India must do to keep its economy booming
India and China need to embark on structural reform to sustain the momentum of economic growth. Does your spouse know?
Married couples must take an additional vow of taking all monetary decisions together for a happy life. '95% rains as good as 100% in Indian context'
IMD director general Ajit Tyagi says even in the worst case scenario, there won't be a drought this year or a throwback to 2009. How to choose the right health insurance cover
Without adequate cover, you may have to dip into savings or borrow, in case of emergencies. New Olympus mirrorless camera at Rs 44,900
It has world's fastest auto focus and an improved image sensor. Images: Top 10 mobile handset companies
Revenues of the Indian mobile handset market grew by 15 per cent to touch Rs 33,171 crore (Rs 331.71 billion) in 2010-11 from Rs 28,897 crore (Rs 288.97 billion) a year back. COLUMN: How mature is Mamata as chief minister?
Ms Banerjee must settle down to hard work of governance.
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