June 30, 2011
Buying jewellery worth Rs 5 lakh? PAN card a must
Be ready to mandatorily flash your PAN card, for any purchase of jewellery worth Rs 5 lakh (Rs 500,000) or more from Friday -- a move that would help the tax department keep an eye on such high value transactions. Petrol, diesel prices hiked again
The government on Thursday hiked petrol and diesel prices by a marginal Rs 0.27 a litre and Rs 0.15 per litre respectively following increase in the commission paid to petrol pump dealers. Chinese company to check spy software for India!
After banning telecom equipment from Chinese manufacturers like Huawei suspecting spy software embedded in the gadgets, India has now appointed Huawei to filter imported equipment for malicious software. India giving: Rich open hearts and wallets
Reports suggest wealthy Indians increased their philanthropic spending last year and were likely to continue doing so in future. PIX: China flags off Beijing-Shanghai bullet train
The $33 billion Beijing-Shanghai high-speed train will start commercial operations today. Now get advice on shares from stock exchanges
India's stock exchanges are no longer standalone trading engines. They provide solutions to everything related to the stock market business. IT freshers' salary remains at pre-recession level
Remunerations of senior executives have, however, increased considerably. Food inflation falls to 7.78%
Food inflation, as measured by the Wholesale Price Index, stood at 9.13 per cent during the previous week. Singur farmers want land back, as legal battle on
On the day the Supreme Court, in an interim arrangement, directed the West Bengal government not to return Singur land taken away for the Tata Nano factory to the farmers who never wanted to let it go, the latter say they aren't willing to wait. What is a Post Office Monthly Income Scheme?
The account can be opened singly or jointly, with a minimum investment of Rs 1,500. Facebook founder Zuckerberg now worth $18 billion
Facebook founder Mark Zuckerberg's personal fortunes have soared, thanks to investment fund GSV Capital's recent stake in the social networking site which has put the Harvard dropout at a worth higher than Google founder Sergey Brin and Larry Page. Cash-rich promoters unlock share pledges
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released. I have no magic wand, says PM
Prime Minister Manmohan Singh is worried by the 'permissive' mood that has been created in the country, in which the government is unable to implement its agenda because of a constant barrage of criticism in which facts are mixed with opinion, with the media playing the role of 'accuser, prosecutor and judge'. How the states deal with land acquisition
One of the most prickly nettles for governments in India today is land acquisition for industry. PHOTOS: Etios Liva versus Maruti, Hyundai, Ford!
Let's see if Liva can live up to the expectations of the hatchback buyers and what will woo them to buy it as compared to Maruti Suzuki Swift, Hyundai i20, Ford Figo, and others. India ranks third in snooping through Google
Google, a favourite place to search information on internet, has also emerged as a favoured snooping ground for the government agencies and globally India ranks third in seeking user details from the global internet major.
June 29, 2011
High-speed AC trains from Delhi to nearby towns
To facilitate faster movement of commuters between the national capital and its adjoining towns, a corporation will be set up to run high-speed AC trains as part of the Regional Rapid Transit System for the National Capital Region. Foreign funds to India drying up
Foreign fund flows into India have reduced significantly as the country witnessed inflows of just $40 million in the last three months, the weakest among its emerging market peers, says a report. India to create 20 mn jobs in electronics sector
The government has proposed to give a Rs 1 lakh crore (Rs 1 trillion) investment subsidy to the country's electronics industry over a period of next 10 years, to give a boost to the sector, a key official said on Wednesday. India begins to count its poor
A nationwide socio-economic and caste census to identify people living below poverty line (BPL) was on Wednesday flagged off from Shankhola, a remote tribal hamlet in Tripura West district. Fuel price hike will help curb inflation: Montek
Defending the government's decision to raise prices of petroleum products, the Plan panel said on Wednesday it would suck money from the system and ease inflationary pressure in the long run. Salman Khan's Being Human apparel to go global
Bollywood actor Salman Khan's social initiative Being Human Foundation plans to launch its range of apparels in international markets like Europe and Middle East by next year. Fuel price hike not to impact deficit, says FM
Exuding confidence that the economy will grow by 8.5 per cent in 2011-12, Finance Minister Pranab Mukherjee on Wednesday said the recent hike in prices of petroleum products will not have much impact on the fiscal deficit. Rise of India, China, the next big story: US
The next big story after the Industrial Revolution is going to be the rising clout of India and China in the global arena, according to Lawrence Summers, Director of the White House National Economic Council. Can the Hyundai Verna continue its dream run?
The premium midsize segment (Rs 6.5-10 lakh) has always been a tricky one for all car manufacturers. Pink gold? Indians will soon be able to buy it
After yellow and white, pink gold is set to hit Indian jewellery retail stores by the end of this year. Airlines go mobile to sell tickets
A recent survey indicates that mobile phones are set to become a significant sales channel for airlines. According to transport communications and IT solution provider SITA's airline IT trends survey released last week, almost nine out of 10 airlines are selling or planning to sell tickets through the mobile phone network by 2014. India safe place to invest: Swraj Paul
Speaking at the Anglo-Indian Summit on 'Investing In India', Swraj Paul said every foreign investment decision was a comparative judgement -- an evaluation of geo-risk. Gujarat to host Asia's largest solar energy park
Gujarat would house the largest solar energy park in Asia in two years, with a power production capacity of 500 Mw. Don't return Singur land just yet: SC tells Bengal
The Supreme Court on Wednesday directed the West Bengal government not to return land to farmers in Singur, that was earlier leased to the Tatas, for now. No rollback of petro price hike: Pranab
The hike in prices of petroleum goods led to protests in several parts of the country and many state governments announced the withdrawal of value added tax on petroleum products to lessen the impact of the hike on the common man. PHOTOS: 4 new small cars coming soon to India!
With Maruti deciding to phase out M800, there would be a dearth of entry level small cars in India. SPECIAL: Who tilled my land and ate my pie?
States' land acquisition policies need rethinking. Close to retirement? Getting a loan won't be easy
Banks need to be convinced about regular income for such loans.
June 28, 2011
Christine Lagarde appointed new IMF chief
French Finance Minister Christine Lagarde on Tuesday became the first woman to head the International Monetary Fund after its executive board chose her over Mexican central bank governor Agustin Carstens. Inflation cost Indians Rs 58,00,00,00,00,000 extra
Indian households incurred an additional expenditure of whopping Rs 5.8 lakh crore (Rs 5.8 trillion) in the last three years, due to spiralling inflation and dearer food items, says a research report. FIIs have sold Rs 3,000-crore shares in 2011
Foreign institutional investors have offloaded shares worth nearly Rs 3,000 crore (Rs 30 billion) in 23 Indian companies, such as mortgage lender HDFC and Bombay Dyeing, among others, so far in 2011. India committed to speedy reforms: FM tells US
Trying to hardsell India, Finance Minister Pranab Mukherjee on Tuesday assured the United States business community that the country's growth story was intact and it was committed to expediting reforms and further liberalisation of the foreign investment regime. 'India's per capita income may be $10,000 by 2039'
Addressing economists, investors and academicians in Washington, Basu said the fundamentals of the Indian economy are strong enough in the medium and long term to sustain a healthy growth rate of over 8 per cent. Looking for new investment options? Consider Art
Value deals are available at Rs 2-10 lakh, giving investors an opportunity to make some good buys. All you want to know about tax refund
Taxpayers can claim a refund when their income tax (I-T) liability is less than the tax they have paid in a financial year. Refund can be claimed only by the person to whom it is due. Now, Motorola Xooms into Indian tablet market
After the launch of PlayBook and Flyer this month, Motorola Mobility India has entered the burgeoning "tablet" space in India with the introduction of its "Xoom" device, priced at Rs 32,990 onward. Why demand for home loans is set to dip
The growth in housing loans had fallen from a high of 31.2 per cent in December 2006 to 4.1 per cent in March 2009. PHOTOS: Welcome to the troubled Posco country
Work at the proposed Posco site in Jagatsinghpur district was stalled for the third consecutive day on Tuesday as locals staged a road blockade at a key junction demanding that their demands be fulfilled including enhanced compensation to land losers. No let up in economic reforms: Pranab
Finance Minister Pranab Mukherjee on Monday strongly refuted observations by US think-tanks, the government and industry that India has gone slow on economic reforms and insisted that a series of reforms are in the process, which will lead to the next round of growth. 'India a role model for balanced growth'
India over the years has emerged as a role model for balanced economic growth for countries across the world, US Treasury Secretary Timothy Geithner said on Tuesday. IMAGES: India's 30 best companies to work for
A great workplace ensures that employees have freedom to execute their ideas and enjoy the work they do. Nandan Nilekani donates Rs 50 crore to IIHS
Nandan Nilekani -- a former chief executive officer of Infosys and architect of Aadhar scheme under UIDAI -- and his wife Rohini have made a gift of Rs 50 crore ($11 million) to the Indian Institute for Human Settlements to fund establishment of its School of Environment and Sustainability. 'Boring jobs can lead to burn-out'
The researchers at the University of Zaragoza in Spain believe that there is a distinct category of 'underchallenged' employees who end up finding they simply cannot take any more of the 'monotonous and unstimulating' tasks that they are expected to perform.
June 27, 2011
Gina Rinehart set to be world's richest person
Rinehart, 57, head of Perth-based Hancock Prospecting is on course to overtake Carlos Slim, the Mexican magnate worth 46 billion pounds ($73.44 billion), and Microsoft chairman Bill Gates, who is worth 35 billion pounds ($55.80 billion), Citigroup has estimated. Coming next from China: Cheaper loans!
After cheap toys, consumer goods and other manufactured products, cheaper loans could be the next major Chinese import into India, and the credit may go to a potential FCCB crisis looming large over Indian corporates. Poverty? Indians spend most on expensive products
Despite high inflation and interest rates, number of Indians wanting to buy expensive products within the same category, called trading up in retail parlance, is among the highest in the world, says a new study. Toyota aims to make it big with its small car
The Etios sedan, which made its global debut in the country in December 2010, has sold over 20,000 units till date. This gives Toyota the hope that the new small car will catapult it among the top manufacturers in the second fastest growing automobile market globally. 'Nano plant would've changed Singur's complexion'
Mother plant apart, the project involved 54 ancillary units, which meant enormous employment potential. People would have had the experience of seeing a modern industry. Europe! That's where Indians are buying homes now
European countries like Spain, Greece and Italy are among the latest property buying destinations for Indians in the holiday home segment after prices have crashed there, according to industry analysts and consultants. 'Inflation to top 10% in July'
The whole price index, used to measure rise in prices of a range of products in a consumer basket, stood at 9.06 per cent in May. Noel Tata outlines his vision on retail
Responsible for many foreign tie-ups, strategic rollouts and acquisitions, Noel Tata is now giving Tata International, the trading arm of the conglomerate, a retail twist. How to get back Indian black money in Swiss banks
For starters, as Subramanian Swamy suggested, how about putting pressure on Parliament to pass a resolution concerning all PEPs to retrieve our wealth through the RIAA? Which tablet PC to buy? Take a look
There are at least five big brands in the market that are selling tablet PCs. Here's what you should keep in mind while on tablet shopping. NEW hatchback in town! Toyota Liva at Rs 3.99 lakh
The auto major has also invested Rs 3,200 crore to set up its second manufacturing facility in Bangalore. What the world economy really needs?
Easy dollar liquidity created by the Fed has helped push global commodity prices, setting off a global inflationary spiral and rising inflation expectations in the US. The big blue sky, cloud computing and You
The application is fast catching on with internet users in India. Another telecom scam? 1994 policy files go missing
The documents include the Cabinet note on the policy prepared by DoT and papers related to the decision to clear the policy by the then Congress Cabinet. Fuel duty cuts to upset govt's tax calculations
Petroleum Minister Jaipal Reddy said these measures would cost the government Rs 49,000 crore in the current financial year. From a Mumbai chawl to the Forbes rich list!
At a dinner banquet last year at the Taj Mahal rooftop - after successfully concluding a merger between Aircel's towers and group company GTL Infrastructure - Tirodkar was hailed as sagacious, humble and hands-on by a motley bunch of suave bankers, analysts and media persons. New airline fuel is here: Used cooking oil!
High airline turbine fuel prices and pressure to cut down carbon emissions have forced airlines to look at renewable sources of energy to power their jets.
June 24, 2011
Diesel costlier by Rs 3/litre; LPG Rs 50/cylinder!
This is the tenth hike in the price of petrol in just over a year. With this hike, inflation is likely to rise sharply once again. India now has 153,000 millionaires!
The number of dollar-millionaires in India surged to a record high of 1.53 lakh (153,000) in 2010, making the country's high net worth individual (HNI) population 12th largest across the globe, as per a global study. Mukesh meets PM; RIL gets copy of CAG report
Days after a CAG draft report said his firm got out of turn favours from the oil ministry and its technical arm DGH, Reliance Industries chairman Mukesh Ambani on Friday met Prime Minister Manmohan Singh. Namaste Tower: A symbol of India's economic boom!
More than 85 skyscrapers are set to adorn the Mumbai skyline in a few years. FTC may start antitrust probe against Google
The Wall Street Journal has reported the civil probe, which has the potential to reshape how companies compete on the Internet, is the most serious legal threat yet to the 12-year-old company. Abolish social security tax for pros: India to US
India on Friday asked the United States to move ahead with an agreement which would exempt professionals from payment of security taxes to mitigate the impact of a visa fee hike last year. ICICI's 'devil may care' stand lands it in trouble
Irked by ICICI Bank's 'callous and devil-may-care attitude', a district consumer court has directed it to pay a compensation of Rs 125,000 to one of its customers against whom it had lodged a criminal case for non-payment of a car loan which he never took. When a bank becomes too cooperative
The rift between the Congress Party and Nationalist Congress Party seems to have found a new battleground Maharashtra State Cooperative (MSC) Bank. IMAGES: The top 20 'thought leaders' in India
The BRIC Index of Thought Leaders 2011 highlights the most successful BRIC Thought Leaders, according to Indian opinion formers. Why is IT industry in a wage trap
Skill improvement has failed to keep pace with salary hikes. PHOTOS: Our most-loved advertising icons
Here is a look at the most loved advertising icons starting from the more recent Zoo Zoo to the age-old Murphy Baby and also the globally popular Ronald McDonald. Before a mortgage, take some advice
Liability managers help structure loans to reduce interest burden and improve cash management. Electric Beat unveiled. More green cars to follow
The launch, however, would take some more time. IMAGES: World's 20 most spectacular buildings
These are the modern wonders of the world. Identity theft: How not to become a victim
Identity theft occurs when someone uses your information to commit fraud or other crimes. Small cars to SUVs: 8 NEW cars soon in India
Almost every car maker has planned a launch later in the year.
June 23, 2011
No I-T returns on income up to Rs 5 lakh
The scheme would cover those salaried persons whose interest income per annum is up to Rs 10,000, Central Board of Direct Taxes said. No small car from GM for India more . . .
American car maker General Motors on Thursday said it has shelved plans to launch small car in India that was planned to take on Tata Motors' 'Nano', citing viability issues. Another fuel price hike? Decision tomorrow
The empowered group of ministers headed by Finance Minister Pranab Mukherjee is being convened soon to discuss a combination of a price hike and a reduction in government duties. The qualities that make Ratan Tata a born leader
In the midst of an ongoing search process to find Ratan Tata's successor to head the country's biggest corporate house, top leaders from the group have heaped lavish praise on his leadership style. High inflation not acceptable, says Pranab
Attributing the latest jump in food inflation mainly to rising prices of protein-based items, Finance Minister Pranab Mukherjee on Thursday said the high inflationary regime was not acceptable and efforts would be made to bring it down. Premji's son moves up another level at Wipro
He is understood to have been promoted as a vice president,while he would continue in his present role as chief strategy officer. Why India mustn't ape China's manufacturing policy
China's emergence as a manufacturing hub is due to a combination of favourable circumstances and astute policies; India should adopt a strategy that is in consonance with its own realities. 4 Indians in Asian Heroes of Philanthropy list
Forbes Asia on Thursday announced its 'Heroes of Philanthropy' list for the fourth year running, with four Indians among the top 48 philanthropists. Food inflation rises to 9.13%
It was almost 23 per cent during the second week of June, 2010. RIM launches PlayBook at Rs 27,990
After the success of BlackBerry phone, Research in Motion (RIM) has forayed into fast growing tablet PC market here with its 'PlayBook' to compete with the likes of Apple's iPad and Samsung's Galaxy Tab. IMAGES: India's 15 most amazing bridges
India has an impressive network of bridges. Free for all: Tata factory at Singur vandalised
The boundary wall has been brought down and makeshift entrances to the unit have come up overnight. India, US to fast track bilateral trade talk
India and the United States on Wednesday agreed to fast-track technical negotiations for early conclusion of a Bilateral Investment Agreement during a meeting between Commerce and Industry Minister Anand Sharma and US Trade Representative Ron Kirk. PHOTOS: World's top 10 supercomputers!
Supercomputer is a machine that is at the frontline of current processing capacity. IMAGES: The 3 closest rivals of Maruti SX4 diesel
Equipped with super turbo DDiS engine the SX4 diesel is now a 90PS car.
June 22, 2011
Etios Liva set to hit roads, may start price war
The Etios Liva would mark Toyota's entry into the highly popular premium hatchback segment. Special: Leaning towers of GTL Infrastructure
It is a tale of two deals: One completed and the other, announced and later aborted. IMAGES: World's 13 amazing architectural marvels
Thirteen buildings have received the RIBA International Awards for architectural excellence. Ford may park plant next to Nano in Gujarat
If all goes well, Ford India will park its second manufacturing unit right next to Tata Motors' Nano factory at Sanand. Unusual businesses: An online library for toys
The enthusiasm and excitement of the kids in front of the toys was infectious. I have never seen anyone so happy. That was when I knew what I wanted to do as an entrepreneur. Why the property market is in BIG trouble
After correcting somewhat from the sharp setback suffered in 2008, with some sectors managing to exceed previous peak prices in 2010, the sector entered 2011 with cautious optimism. Expats, tourists may also get right to privacy
Surveillance for security purposes to be exempted. Why are Indians silent on bribe givers?
Corruption has two sides - demand and supply. S Arabia:Buffett ice cream chain has largest store
The company has unveiled a two-storey, 7,500 square foot restaurant in Riyadh, one of three locations that opened in the city this month to mark the start of aggressive expansion plans. Paris Air Show: BIGGEST planes on earth are here!
The Paris Air Show has been the world's leading aviation and space event for over 100 years. VOTE NOW! Which is the best smartphone in India?
India has nearly 800 million mobile-phone subscribers and the penetration level is expected to touch 100 per cent by 2015. Singur Bill: Tatas told to serve notice on govt
The Tata Motors notice, dated June 18, which was pasted on the gate of its erstwhile Nano factory at Singur, was aimed at intimating that no Tata Motors official was based at the site and any unannounced visit should not be made at odd hours since the factory housed valuable items. MUST READ! The flaw in our fight against poverty!
Various experts have opined that the Planning Commission has reduced the calorie intake from 2,100 per day in urban areas (2,400 in rural areas) to about 1,800 per adult Indian. IMAGES: Nokia launches N9 and three other phones
Mobile phone-maker Nokia on Tuesday announced the beginning of a new era.
June 21, 2011
UID: Nilekani has miles to go to achieve goal
Going by the current pace, UIDAI seems unlikely to meet the target of issuing a million Aadhaar numbers a day to cover half the country by 2013. It may not be end of the road for SKS Microfin
SKS was listed on the local bourses in August 2010 at a 5.6 per cent premium on its issue price of Rs 985. It appeared a bet that could hardly go wrong. Broking firms like Edelweiss Capital, Angel Broking, HDFC Securities and India Infoline had recommended to their clients to buy shares of SKS. Cash or food? A great transition for India
Cash or food, which will better benefit the poor? This deceptively simple looking question is currently at the centre of a sharply bitter dispute. Is it time to revisit tax deal with Mauritius?
Company analysts and tax experts say neither the foreign direct investment nor the portfolio investment by large institutions will be affected. Here's how you can sync your phone and computer
A new system designed by Tsung-Hsiang Chang, a graduate student in the Massachusetts Institute of Technology's (MIT) Computer Science and Artificial Intelligence Laboratory, and Google's Yang Li makes it much easier to transfer computing operations between devices. Here's how to keep your email safe!
There are millions of people on the Internet that would like nothing more than to gain access to your computer and steal your vital information. 15% rise in expats returning to India says their logged number of non-resident Indians seeking jobs back in India has grown 65 per cent in the past year. PHOTOS: India food chain in deep change!
A growing urban middle-class is consuming more higher-value, high protein foods, which is stoking food price inflation and changing business and farm models in rural India. PHOTOS: India's hottest selling cars in May
As a general trend, the shift this year is towards diesel and that is why car companies are coming up with more models and soon the customers will be flooded with a variety of cars to choose from. Any and everything in diesel, LPG and CNG seems to be in demand. Will Posco's Orissa project ever see daylight?
Six years on, Posco's Orissa steel project remains on paper. Lessons India should learn from the Greek crisis
World economy may not be teetering on the edge, as yet. What India should do to stop brain drain
10 saw as many as 60,000 Indian professionals returning to India from the US. PHOTOS: Stunning planes at the Paris Air Show
The Paris Air Show has been one of the best aviation events for over 100 years. Incredible! Fly Paris to Tokyo in just 2.5 hours
This supersonic plane can fly from Paris to Tokyo in just 2.5 hours. Market wealth: Tatas beat Ambanis
Changing market dynamics have led to the Tata group overtaking the combined market wealth of the two Ambani groups put together. Will Bengaluru lose the IT hub status?
With mounting fears that the city is in danger of losing the tag of leading IT-hub, the software industry-- led by bellwether Infosys - called for development of world class infrastructure and continued government support to maintain its credentials.
June 20, 2011
Now, Apple comes under CCI scanner
A customer has filed a complaint before the Commission under section 4 of the Competition Act 2002 Some portable chargers for your smartphones
To find out how many times a phone can be charged with the portable charger, you would need to divide the mAh of the charger by the mAh of the phone. IMAGES: The stunning NEW Toyota Corolla Altis
Beside cosmetic changes there has been some impressive work done under the hood as well. Why do consumers favour WiFi hotspots?
Cheaper data plans and faster speeds are driving consumers to migrate from broadband services to WiFi networks offering secured connections. Bihar: India's best performing state
A Reserve Bank says Bihar (including Jharkhand) was the best performing state during 1980-2004. Lifting the veil on godmen and their wealth
Veil of secrecy over the businesses and assets of four of our most high-profile godmen is lifted. PIX: Magnificent museum of the world's richest man
Carlos Slim, the world's richest man has opened one of the world's most amazing museums. Why people remain poor in India
Poverty is becoming hereditary in India, at least for a sizeable population. IBM @ 100: An amazing success story
This technology elephant, also called the Big Blue, has a spring in its step, as it completes a century.
June 17, 2011
There's no magic wand to bring down inflation: RBI
After having raised its key policy rates 10 times in a year-and-a-half to check inflation which remains stubborn, the Reserve Bank of India said on Friday it has no magic wand to bring down the rate of price rise. Why Tata is worried about Fiat in India
At the heart of the problem is Fiat's failure to bring in more models to India -- a fact the Tata Group chairman didn't forget to mention. Snake trade: How China mints money
Thousands of tonnes of snakes are sold in restaurants across China. PHOTOS: Chatwal's swanky new hotel rocks New York
Located between two of the most vibrant neighbourhoods in New York, Chelsea and the Meat Packing District, the avant-garde, lifestyle hotel offers 316 guestrooms, multiple innovative dining venues, an expansive rooftop lounge, a beach club and extensive fitness facilities with spa services. Corruption: India loses $16 bn every year!
She says out of every Rs 100 meant for infrastructure development, only Rs 16 is used. Why Singur was on the boil in 1969
While Tata Motors had to shift its Rs 100,000-car project in 2008, JK Organisation had move all its businesses from the state way back in 1969. Stunning images of the world's biggest cruise ship
Luxury knows no bounds in the world's biggest cruise ship, Allure of the Seas. Ad age: Some catchy jingles from recent times
In the second part, we showcase some new jingles that ride on the 'original music and lyrics' format. We also believe these new age commercials have managed to entertain us just the old ones. India Inc hopes this is the last rate increase
Some companies say they will pass on the cost to customers. 'The Singur Bill will mess up things in Bengal'
Housing minister in the previous West Bengal government, Gautam Deb discusses the reasons behind the party's rout and the policies of the new government led by Mamata Banerjee. Subhash Ghai to enter multiplex business
Mukta Arts Ltd is set to foray into the exhibition business. Murthy sad over how UPA handled corruption issue
Infosys founder, N R Narayana Murthy, otherwise an admirer of the government, says he's unhappy at the way Sonia Gandhi and Manmohan Singh have handled the Lok Pal Bill issue. 'I see mistrust deepening between India and China'
Dr John Lee, author of Will China Fail, discusses the reasons for the country's failure and predicts that India and China are headed for a stormy relationship going ahead as they compete for mineral assets and influence in Asia and Africa. IBM turns 100! Here are its icons of progress
IBM has played a leading role in transforming business, science and society in these 100 years. It's raining superbikes in India
The sales of superbikes are happening fast, even with the eye-popping prices that they sport. The bikes are moving off the shelves faster than perhaps the bikes themselves. Maruti strike called off
Sources close to Maruti management said the company has agreed to reinstate the 11 workers whose services were terminated for instigating the strike. Why financial planning is important for women
Women need to handle their finances differently from men. This is largely due to factors like differences in earning patterns and priorities, which are very specific to women. What the IMF chief does & why the job is coveted
International Monetary Fund and World Bank are top global financial institutions. If Tatas don't invest in WB, others will: Congress
The Tatas are welcome to invest in West Bengal, but if they did not there were others who would, Congress, the alliance partner of the Mamata Banerjee government. GoAir to buy 72 Airbus-320s for Rs 32,400 crore
With this order for 72 A-320 NEO (New Engine Option) planes worth $7.2 billion, GoAir has a total order book of 92 aircraft worth Rs 43,200 crore ($9.6 billion).
June 16, 2011
Housing prices may rise by up to 10%
Housing prices may rise by 5-10 per cent in the next 3-6 months as the cost of funds for developers is expected to increase following the Reserve Bank of India's decision to raise key policy rates by 25 basis points. Law minister takes black money battle to FinMin
Amid the growing chorus against black money and the government's efforts to pull the plug, Union Law Minster M Veerappa Moily has suggested Finance Minister Pranab Mukherjee to completely overhaul the tax administration. IMAGES: Onboard India's most expensive train
The Royale Indian Rail Tours offers one of the most luxurious train journeys across India's most beautiful locales. Special: The politics behind the strike at Maruti
The clout of Aituc and other unions in Haryana's automobile heartland will depend crucially on whether they manage to get a foothold in the country's largest car company. RBI hikes rates: Home, auto loans to be costlier
Be prepared to pay more every month on your home, auto and other loans. IMAGES: A grand plan unfolds for Bihar makeover
With the Nitish Kumar government giving its nod to the new Industrial Promotion Policy, 2011, the decks have been cleared for big ticket investments even as the fate of investment proposals worth around Rs 1 lakh crore hangs fire due to alleged non-cooperation from the Centre. 360,000 cards hacked in May cyber attack: Citi
In a statement issued late on Wednesday night, Citigroup said, "A total of 360,083 North America Citi-branded credit cards were affected. Only accounts issued in the US were impacted." Day 13: Maruti crippled by strike at Manesar plant
The crippling strike at the country's largest car-maker Maruti Suzuki India's Manesar plant entered its 13th day on Thursday, with production completely shut down. 'Job market in India promising'
As per the report, the hottest industries in India include sectors like manufacturing, construction, pharma and healthcare, BFSI, education, information technology (IT) and IT-enabled service, and real estate and construction. IMAGES: The amazing Rs 24 lakh Audi Q3
Audi Q3 in India in Jan-Feb 2012. IMAGES: The highest advance tax payers in India
Advance tax pay-up by India Inc presents a rosy picture, despite a massive fall in April IIP numbers and a likely fall in the remaining months of Q1; with the largest lender SBI leading the pack with Rs 1,100 crore (Rs 11 billion) against Rs 850 crore (Rs 8.50 billion) in the year-ago period. Enough is enough, India Inc tells Reserve Bank
Most expect a 25 bps rate hike today, but want pause. PHOTOS: China's bullet trains power its economy!
China's high-speed rail project is the biggest transportation infrastructure plan in human history and it is transforming the Chinese landscape and its economy. Credit cards: How many are too many?
Credit card companies come up with tempting offers. Salaried? Here's how to save on TAX
Those on regular employment have limited scope for saving taxes. So it becomes all the more important to take full benefits. Residential solar units: Google to invest $280 mn
In a joint statement, SolarCity and Google 'announced the creation of a new $280 million fund to finance residential solar projects'.
June 15, 2011
RBI likely to hike key interest rates by 0.25%
With inflation hovering much above the comfort zone, the Reserve Bank of India may raise key policy rates by 25 basis points in its first mid-quarterly review of the credit policy for financial year 2012 on Thursday. NIIT's big plan: Teach one billion students!
NIIT Chairman Rajendra Pawar on why he's building a new university in hot, dry Rajasthan. Disney's grand designs to entertain India
After Do Dooni Chaar, the first Hindi live-action movie distributed by The Walt Disney Company (Disney) in India, won a National Award, the Hollywood studio tied up with UTV Motion Pictures (UTV) for more. This is how your loan repayment works
An equated monthly installment (EMI) is the amount of money that is paid back to the lender on a monthly basis. The STUNNING Rs 15-lakh BMW 1 Series soon in India
Developed on the same platform as the 3 Series, the new 1 series has been codenamed as F20. The truth behind finance ministry's fiscal mess
A quick assessment of the ground reality will tell you that it is a reflection of the finance ministry's mistaken faith in factors beyond its control. PIX: India building world's highest railway bridge
When completed in 2016, the 1.3-km railway bridge over the Chenab will soar 359 meters above the river bed, 19 meters higher than France's Tarn River bridge. IndiGo to touch down on international destinations
Daily flights to Bangkok and Dubai from Mumbai will start from October 2. What lies ahead for Jawaharlal Nehru Port?
Tenders called for the construction of the fourth container terminal were put on hold when one of the applicants approached the Supreme Court because they were not allowed to bid for the project. How Deveshwar turned ITC around
ITC board has given Deveshwar a five-year extension after a 15-year term as executive chairman. Hacktivism causing mayhem on web
Even as the chorus against black money and corruption is getting louder in India, hacktivism, a coinage created of activism and hacking, is creating mayhem in the virtual world. Amazing attractions in malls: Snow, sharks...more!
Check out fantastic images of two of world's most spectacular malls in Dubai. Young India is making it big in corporate sector
With India remaining a potential growth market, global banks are hiring young turks in order to ensure that no stone is left unturned in their bid to reach the top. The past, present and future of Tata Nano
Nano was launched in Sri Lanka late last month as the first foreign destination for Tata's smallest car. IMAGES: World's 20 most spectacular bridges
It has taken years of hard work and millions of dollars to build these architectural marvels. Recall why we left Singur: Tata Motors
The legislation revokes the original lease agreement signed between Tata Motors, the country's biggest automobile maker, and the West Bengal Industrial Development Corporation. A GREAT guide to buying 2nd hand cars
While it is difficult to attribute any one single reason to this, low cost, less depreciation, easier loans, and ready availability of good models are some of the reasons behind this boom.
June 14, 2011
India handling corruption in a mature way: Mukesh
Ambani's comments have come at a time when various cases of corruptions are coming to light, including those involving some big corporate houses and some politicians. Know more about loan against fixed deposits
Certain banks, such as Punjab National Bank, allow loans from the very next day of making the deposit. Some like HDFC may even offer one after six months. You need to check with your bank on the same. 'Congress has always fought corruption'
Congress is confident that its efforts will see the return of a large part of black money stashed abroad, says , the party's mouthpiece. Honda slashes City prices by Rs 66,000
The car will now be available between Rs 7.49 lakh (Rs 749,000) and Rs 9.89 lakh (Rs 989,000) -- ex-showroom, Delhi, a statement from Honda Siel Cars India said. Inflation numbers disturbing: Rangarajan
Rangarajan's reaction came after the release of the latest data, which showed headline inflation going up to 9.06 per cent in May from 8.66 per cent in April on the back of rising prices of manufactured products and petrol. Want to file returns online? Here's help
The Central Board of Direct Taxes (CBDT) has also has been encouraging people to do so. Sudhir Chandra, chairman, CBDT, recently said, "Filing electronic income tax returns will help you verify your deduction of tax at source on screen and it will also help process your refund speedily, in less than one month." Hiring: Indian employers most bullish
According to Manpower Employment Outlook Survey, India's net employment outlook -- an indicator of recruitment intentions -- stood at 46 per cent on a seasonally adjusted basis for the three-month period starting July, the most optimistic hiring environment across the world. Inflation tops 9%, RBI may hike interest rates
Inflation, as measured by the Wholesale Price Index, stood at 8.66 per cent in April. Lagarde, Carstens shortlisted for top IMF post
"The Executive Board will meet with the candidates in Washington and, thereafter, meet to discuss the strengths of the candidates and make a selection," the official IMF statement said. Stunning images of a fully transparent Airbus!
Come 2050, and you can fly in a fully transparent plane enjoying the panoramic views of the sky. PM panel pegs India's growth at 8.5%
In his Budget speech, Finance Minister Pranab Mukherjee had pegged economic growth for 2011-12 at 9 per cent. Voodoo economics: FDI in retail to curb inflation!
Those who have been following developments in the past few years know that Wal-Mart alone must have spent millions of dollars in India for lobbying with our government to open up retail sector for FDI. Guru Gary reveals success mantras to India Inc
"We created a sense of a team, not individuals. We designed team measurable and not individual measurable. At the end of the day, we created a happy environment," said Gary Kirsten, coach of the World Cup-winning Indian cricket team. PIX: Scotia Prince, India's 1st super luxury ferry
In its inaugural cruise, Scotia Prince sailed from Tuticorin in Chennai to Colombo, the capital of Sri Lanka on Monday. Infosys pips TCS to clinch postal contract
India Post is embarking on a massive IT modernisation programme. Visa woes end for IBM, TCS
Both companies, along with three others, were suspended in 2010 on grounds of irregularities. Mauritius may shed tax haven tag
Treaty shopping by investors to be over if island nation budges on capital gains tax. Pix: These 5 small cars will hit Indian roads SOON
Indian and international brands are now all focused on small cars. Inflation: What will the RBI do?
The central bank will appear vacuous if it holds fire next week following its ultra hawkish guidance at the last monetary policy review. China, India are grabbing future jobs: Obama
Travelling to Durham in North Carolina, Obama said companies in the US are having a tough time in finding right candidates in the field of science and technology, which he argued is not a good sign for the future of the country. PHOTOS: Bill Gates' secrets revealed!
Bill Gates has revealed some personal details for the first time.
June 13, 2011
75,000 acres acquired for mega city near Ahmedabad
Spread over 940 square km, a new city would be developed at Dholera by the Delhi-Mumbai Industrial Corridor Development Corporation (DMICDC) as a part of its $90 billion project spread across six states. Can the new IMF chief change its policies?
The US' influence on a European CEO-headed multilateral institution is out of sync. 2G scam: Where has Rs 200 crore gone, asks SC
A bench of justices B S Chauhan and Swatanter Kumar, while terming 'corruption as the worst form of human rights violation,' asked CBI to come out with a status report on the loss to the state exchequer because of the award of 13 licences to one of the telecom operators and trial proceedings in the CBI special court. Slash import duty on cars, spares: Ratan Tata
At a time when the Indian automobile industry is strongly opposing lowering of import duty in the proposed India-European Union Free Trade Agreement, Tata Group chairman Ratan Tata has favoured cutting tariff on vehicles and components coming from overseas. Have toolbox to deal with reticent tax havens: FM
Under pressure from civil society to take concrete action on black money, the government said on Monday it has enough tools to deal with transactions arising from non-cooperative jurisdictions and would take action as and when necessary. Is it time to move beyond Singur?
More importantly, Ms Banerjee should develop a vision beyond Singur that encompasses the whole of West Bengal and the developmental challenge it faces. Sick PSU land to ease govt burden
Land resources belonging to ailing companies being pitched to pvt players for new initiatives. It was Murthy's day at Infy AGM
Shareholders bid adieu to the co-founder and chairman who will retire in August. Rs 4.57 lakh Ninja 650R motorcycle now in India
Bajaj and India Kawasaki Motors have launched Ninja 650R in the Indian market. Power deficit for 2011-12 pegged at 10.3 per cent
The Central Electricity Authority (CEA) has projected an energy shortfall of 10.3 per cent and a peak shortage of 12.9 per cent in the country during the current financial year (2011-12). Why Homestay is the latest buzz in tourism market
Homestay refers to accommodation provided in a private home run like a small business by the home owner. How to play piano, guitar on smartphones, iPad
Touchscreens have changed the way we interact with handheld devices. Hit by slowdown, realtors look abroad for help
Hit by sluggish sales at home, realtors are wooing non-resident Indians (NRIs). A slew of property exhibitions have been lined up at Dubai, Singapore, London, Durban and New York over the next three-four months. Why should taxpayers' money keep sick PSUs alive?
Even in the protected world of India's sick public sector units, it takes a special kind of government company to lose Rs 8 crore (Rs 80 million) a day, while earning just Rs 10 crore (Rs 100 million) as revenue - and that in the booming field of telecommunications. Cyber criminals now stalk you through your phone
McAfee Q1 threats report also reveals that in the first quarter of 2011, spam remained at its lowest levels since 2007. How, why Indian firms are knocking out MNCs
Foreign-origin companies may still hold sway over consumer product and electronics companies but, in several areas, be it tractors, liquor or specialised financial products, it is the Indians who are the kings. Maruti fine with new union
However, it has added some stiff riders -- the union cannot be affiliated to any political party or have outsiders as members. Asia's costliest cities for expats, 7 from India
Japanese cities continue to dominate the most expensive cities' list for expatriates. Why investors have not lost faith in Indian eco
Despite misgivings about India's economic performance, investors have not lost faith in the country's long-term growth trajectory. Slowdown clouds darken over India Inc
Indian companies are already facing a margin squeeze, with operating profit margins and net profit margins in the fourth quarter of the last financial year shrinking by 44 basis points each year-on-year. 20 astonishing facts about the Indian economy
India could emerge as the world's third largest economy by 2030.
June 11, 2011
Bengal backtracks on Singur ordinance
A day after the Mamata Banerjee-led West Bengal government issued an ordinance to take back the entire land lying with Tata Motors and its vendors at Singur, it has decided not to notify it. Mukesh Ambani forays into insurance
Reliance Industries Ltd buys Bharti stake in Axa joint ventures. Act against Lavasa, Maharashtra govt told
In a major setback to Ajit Gulabchand's ambitious hill city project, the Union environment ministry has asked the Maharashtra government to initiate action against Lavasa Corporation for violation of green norms.
June 10, 2011
IMF chief's nominations close; no consensus yet
Apart from Lagarde, Mexican central bank governor Agustin Carstens and Kazakhstan's central bank governor Grigory Marchenkois are in the fray for the IMF managing director's post which fell vacant after the ignominious exit of Dominique Strauss-Kahn last month. Customers can access Mercedes site via mobile
New mobile-optimized website can be readily accessed through multiple mobile devices. SBI breaches RBI norms on loans to Reliance
State Bank of India, the country's largest bank, has breached the Reserve Bank of India's credit exposure norms during three consecutive years with regard to its loans provided to Mukesh Ambani-led Reliance Industries. 'We will be happy if diesel is deregulated'
State-owned Indian Oil Corporation (IOC) - a Fortune 500 company - dominates the Indian market with a 49.6 per cent market share. Want to win Rs 25,000? Try solving this case
How will a group of minnows manage to save the future of the gentleman's game in their own backyard? 'India set to be a success story of our time'
Noting that the country was on track to have the largest economy by 2050, US Assistant Secretary of State for South and Central Asia Robert Blake said, "India is a rising giant whose influence is being felt not only in the Indian Ocean, but in the Americas, in Africa, West Asia, and in Central Asia." Public sector banks seen safe bets despite blips
While the environment is not conducive, most of the concerns are factored in and valuations have entered an attractive zone. PHOTOS: Apple's amazing 'spaceship' office
Steve Jobs, CEO of Apple, wants to build a 'spaceship'-type campus in Cupertino, California, to house his ever-growing staff. Why Cloud computing is not big in India, yet
Globally, the music industry will now have to deal with content's privacy on cloud services such as iCloud. But Indian companies are putting up a brave face. It's 997 acres, or nothing for Tata Motors
Tata Motors is unlikely to scale down its plans and go back to Singur for a smaller plant. Realty firms see better results in small towns
Real estate companies betting big on tier II and tier III markets sold more stock than firms focused on metros. In Pics: A peek into the STUNNING Audi A7 and RS 5
Lat month, German car manufacturer Audi AG launched two of its premium products in India. How Bharti Airtel plans to make it big in Africa
The man: Manoj Kohli, the affable CEO of Bharti Airtel's international business. The challenge: Replicate Bharti's low-cost operational model so successful in India across 16 diverse African countries, including Nigeria, Kenya, Ghana and Congo. Want cheaper holidays? Read this . . .
While most of the group deals websites in India are now offering holiday packages either directly or in collaboration with online travel agents (OTAs), is a group deals site focused solely on travel. Brand Husain creates legacy value
In his death, M F Husain has left behind a rich fount of art and artmanship Mamata fulfils promise, takes back Singur land
Govt passes ordinance, possibility of Tatas mounting a legal challenge PHOTOS: World's top gambling hubs!
Full-fledged on-shore casino, the first of its kind in India, is spread over 48 acres of five-star property and the casino will have an almost entire gamut of games. PHOTOS: World's 10 happiest countries
A wealthy and powerful country like the United States fails to make it to the top 10.
June 09, 2011
Maurti strike may spread; loss at Rs 270 crore
The strike at Maruti Suzuki India's plant in Manesar is threatening to spread to Gurgaon-Manesar belt, with a panel of workers of various firms in the region warning that a similar stir could hit others unless demands of their agitating colleagues' at India's largest carmaker are met. Inside the amazing Airbus A380: Don't miss it!
The interiors of the world's biggest passenger airline, the Airbus A 380 resemble a luxury hotel. Land bill changes to hurt Bengal industrialisation
Stated position of the West Bengal government is that no land should be acquired for private projects. Best ways to manage a joint account
Deposit accounts can be opened by an individual in his own name (single account) or by two or more individuals jointly (joint account). Food inflation goes up to 9.01%
The latest numbers are the highest level of food inflation since the week ended March 26 when it had stood at 9.18 per cent. Where are India Inc's colourful personalities?
Has liberalisation squeezed the personality out of India Inc's leaders? Here's how India's richest people spend and invest
According to a study released by Kotak Wealth and Crisil Research, ultra high net worth households as those with a minimum net worth of Rs 25 crore or $5 million, as the benchmark for qualifying into the UHNI segment. Asia's oldest exchange gets cheaper
Bombay Stock Exchange (BSE) shares have lost more than a third of their value in the last six months, as a lacklustre market has hurt volumes in the exchange's cash segment and several efforts to revive its derivatives segment are yet to show results. Hacked! Thousands of Citi card customers' data
Computer hackers have breached Citigroup's computer network and have accessed data related to hundreds of thousands of its card customers, the Financial Times said. Now, neighbourhood shops to sell insurance
An Irda official said the idea was to improve the penetration levels of insurance and deepen financial inclusion. Chinese economy to grow at 9.3% in '11: World Bank
The government should use interest rates for more than administrative measures to handle economic growth in the long term. Flexible work hours?Get a job in Finland or Sweden
According to a study by Grant Thornton International, 92 per cent of companies surveyed around the world rated Finland as the country which provides the maximum flexibility at work. Bad news! World food prices to remain high
Consumers are unlikely to get relief from high food prices till December 2012, despite a modest increase in global foodgrain production. Do you know what your ATM can do for you?
ATMs are on their way to becoming a one-stop shop for most banking services. Here's what your ATM can do for you. IMAGES: India's 20 amazing green corporate offices
A green building movement was initiated in India in 2001 by the Indian Green Building Council (IGBC), a part of Confederation of Indian Industry (CII) to promote eco friendly buildings. China to have 800 skyscrapers by 2016
Five of world's 10 tallest buildings are in China, the Shanghai-based Skyscrapers Magazine said. Meet Ramdev the marketing guru
Consumerism blended with spiritualism, courtesy religious gurus and organisations, is giving companies a run for their money. Credit card bill is confusing? Then read on. . .
Many of us have the tendency to just pay the amount due, without caring to give the bill a proper reading. How he managed to make his Manza clock 46.33 km/lt
The Tata Manza (Quadrajet Aura ABS) has clocked a mileage of 46.33 km per litre. How BEST to manage your portfolio
Investing in the stock market is an art that you need to learn.
June 08, 2011
New manufacturing policy to create 100 mn jobs
In a major initiative, the government is set to approve on Thursday a new policy to boost manufacturing by reducing compliance cost for the industry and making the labour laws flexible. PSUs may hike petrol price on June 16
State-owned oil firms may hike petrol price by about Rs 0.50 per litre from June 16 as last month's steep increase in rates is not enough to cover the cost of raw material (crude oil). Inflation to cut India growth to 8%: World Bank
Elaborating on the reasons behind the expected slowdown in the country's economic growth, the multilateral lending agency said it 'stems from a moderation in domestic demand, as elevated inflationary pressures have cut into disposable incomes and household spending'. PHOTOS: Madoff items' auction fetches $500,000!
The auction of personal possessions seized from Ponzi schemer Bernard Madoff's Palm Beach mansion, held during the weekend, generated as much as $500,000, according to the US Marshals Service which conducted the auction. Decision-making at policy level very slow: Citi
A report titled 'Bright Side of the Gloom', released by Citi Investment & Analysis, a division of Citi Global Market Inc, predicts that the Indian stock market bellwether index -- Sensex -- will reach 21,500 by December 2011, which is an upside of 15 to 16 per cent from the current levels. Jet Airways to expand network in Europe
"We are considering operating to Paris, Amsterdam, Rome, some places in Germany and other parts of continental Europe. Shanghai and Beijing are also being looked at. We have applied to the Civil Aviation Ministry for traffic rights (to these destinations). We are hopeful of getting approvals soon", Jet Chairman Naresh Goyal said. Herbal drug cos to swallow bitter European pills
Domestic majors, such as Himalaya and Baidyanath, are in a dilemma after the UK Medicines and Healthcare products Regulatory Agency made traditional herbal registration mandatory for herbal medicines. Speakasia: What's the controversy all about?
1.9 million Indians have invested in Speakasia. Social networks latest windows for cyber attacks
With the growing popularity of social networking in India, perpetrators are increasingly using easy mediums such Facebook and Twitter for conducting illicit activities. Will NRI businessman's charges sink Maran?
Sivasankran alleges Maran had forced him to sell Aircel. Beer makers look to save environment
PET bottles can be recycled and so reduce the amount of waste going into landfills. Regulators are at peace with the govt
RBI unveiled a few weeks ago its discussion paper on the proposed holding company structure for financial conglomerates, there were no murmurs of protest from any of the other regulators. Maruti not to accept any demands; strike continues
As the strike at its Manesar plant entered the fifth day on Wednesday, the country's largest car-maker Maruti Suzuki India said there was no question of accepting the demands of the workers. Will new tax code help bring back black money?
Taxable assets have been defined to include deposits in banks outside India. SBI to hire over 5,000 officers
While a total of 4,987 officers would be recruited for associate banks of SBI, as many as 206 officers would be hired for State Bank of India itself. Future of robots: RJ can catch balls, make coffee
RJ has been designed with the ability to catch a ball thrown at it with 80 per cent accuracy. Lagarde to get India's support for IMF top job
While maintaining that merit and not nationality should guide selection of the new International Monetary Fund chief, India will in all likelihood support French Finance Minister Christine Lagarde for the job. Seize tax evaders' assets, India to foreign govts
Caught in a political storm over the black money issue, the government is writing to some countries to freeze the assets of Indians that have not been declared in India and repatriate the money. Amul ads in 2011: Must-see hits!
Amul's advertisement campaigns just get better every time. 3 superb cars to scorch Indian roads in July
With disposable incomes rising and more and more people aspiring to own cars, global auto majors want to grab a share of the market.
June 07, 2011
Sales to be hurt if strike lingers, says Maruti
The country's largest car maker Maruti Suzuki India on Tuesday said its sales may be hit if strike at its Manesar plant prolongs, while it has already incurred production loss of about 3,000 units till the 4th day of stir by workers. World's biggest Internet test on Wednesday
Hundreds of companies plan to test next version of Internet Protocol. Gaddafi fund invests in ICICI Bank; gains $10 mn
ICICI Bank has emerged as the single Indian entity considered worth investing by Libyan dictator Muammar Gaddafi and the investment has given an impressive return of over 25 per cent in past one year alone. India can benefit from Afghan mining projects
New Great Game for the rights to mine Afghanistan's enormous mineral wealth is gathering momentum. What's wrong with Ramdev being a businessman?
A lot of such babas have directly/indirectly played a part in politics at the national level as well. And that's what Baba Ramdev also seems to be keen to do. More panels on black money? No, say experts
Delays in action against black money by way of committees and studies will give time to corrupt politicians, businessmen and bureaucrats to divert their ill-gotten funds into shell companies, an eminent Jawharlal Nehru University professor has said. Setbacks make Mukesh Ambani's journey rough
Mukesh Ambani's AGM speeches indicate a trail of forgotten promises and projects that have not ended up as envisaged. 'It is a good time to accumulate banking stocks'
Despite inflation being a near-term concern, we feel its impact on economic growth is likely to be limited. The structural growth drivers remain intact and bode well for equities in the medium to long term. Apple unveils iCloud; what is it all about?
With iCloud and wireless computing, a user can use iOS devices - the iPhone, iPad, and iPod touch - without having to depend upon a personal computer. Get complaints tracked, settled online
The system is a centralised database of all complaints, wherein the investor is to be enabled to view the current status and action taken. PHOTOS: The world's 25 richest cities by 2025
New cities -- mostly from India, China and Latin America will either be added to the list or will improve their rankings. Ramesh's views on faculty: What IIM says
IIM Ahmedabad Director Samir K Barua says, a straight comparison of IITs and IIMs with global institutes, without accounting for the impact of the ownership on performance would be unfair. Bring back black money, end tax havens. But how?
Tax Information Exchange Agreements between countries are one way to prevent, or at least curb, the flow of illicit funds. 2G scam: All about Maran's alleged 'role'
Maran was instrumental in changing the spectrum pricing while he was the Telecom Minister. Meet the man who gave Tata Chemicals a new look
Mukundan is a quintessential Tata manager, working for its many varied businesses - shoe salesman, auto component marketer and executive with its hotel chain, Taj. Fifth of top 100 firms do not declare Q4 results
Investor associations and some senior auditors said companies were being less transparent and putting investors to inconvenience by denying them the complete picture of their financials. India gets its first live casino! In Gangtok
A full-fledged on-shore casino, the first of its kind in India, is coming up at Mayfair-Gangtok -- a five-star deluxe property spread over 48 acres and owned by Orissa-based Mayfair Hotels How to ensure your motor claim is not rejected
Ensure the car is used for the purpose stated in the policy. For instance, a car meant for private use cannot be used for providing taxi services, without making the required changes in the policy document. Airline industry profits to fall 78%
The forecast represents a 54 per cent fall compared to estimates put out by the trade body in March, and is 78 per cent lower than the $18-billion profit that the industry recorded in 2010. How India Inc funds primary education in India
Corporate leaders are making large philanthropic investments in the area of primary education. These entities are shaping and reshaping Internet
Some organization and countries have changed the online world for better or worse. Super luxury homes anyone? Starting at Rs 7 crore!
We check out a few super-luxury homes on offer in metros that come with a garden and a swimming pool.
June 06, 2011
2G scam: CBI records Sivasankaran's statement
The Central Bureau of Investigation on Monday recorded statement of former Aircel chief C Sivasankaran in connection with its ongoing investigations in the second generation spectrum allocation scam during UPA-I regime. India to be 3rd largest banking market by 2050
Banking assets of emerging nations are likely to overtake that of G7 economies by the year 2050, with India likely to emerge as the third largest domestic banking market in the world in the next three decades, says PricewaterhouseCoopers. Villgro for rural social entrepreneurs!
What we need now is professionals, people from the industry with ideas. We want to tell them to help the poor people get richer by working on these business models, says Paul Basil, founder, Villgro. Mumbai, Delhi may produce next Google: E&Y
Despite regulatory hurdles, India continues to be among the preferred destinations for FDI due to the country's high economic growth, with both Mumbai and Delhi being touted as among the cities likely to produce the next Microsoft or Google, a survey said. Maruti strike: 11 workers axed, production halted
The country's largest car-maker Maruti Suzuki India on Monday said its Manesar plant has stopped functioning, resulting in a production loss of about 1,200 units so far as a workers' strike entered the third day. Air ticket tax: India put on IATA 'Wall of Shame'!
The government was put on the Wall of Shame at the annual general meeting of the International Air Transport Association in Singapore, along with the European Union Parliament and the governments of the UK, Germany and Austria, for imposing high taxes on air travel. Black money abroad: 'Pay 20% tax to bring it back'
According to an expert, if the government seriously pursues the matter then it should take about a year to bring back the black money stashed abroad. Cartoon channels shift focus as kids move online
Children are surfing websites of their favourite cartoons rather than watching them on TV. Average age of Infosys staff now stands at 29
The Bangalore-based company has said in a filing to Nasdaq 'additional information for 2010-11' that the average age of its employees in 2011 stood at 27 years. Handset makers target gamers to boost sales
Gamers are being increasingly targeted by mobile handset makers. 25 facts on Singapore's amazing success
Singapore has scripted Asia's most successful growth story. Made-in-India Renault hatchback by early 2012?
Company officials said it would not be possible to share details, as the study had just begun. Hacked! A word of caution
It is extremely important to keep your eyes open and ensure you are not a victim All you need to know about NBFC home loans
By lowering interest rates Non-Banking Finance Companies (NBFCs) are slowly positioning themselves to become viable alternatives to traditional banks for procuring loans. PHOTOS: These 9 steps can make Earth better place
While governments and corporations are taking steps to reduce greenhouse gases, individuals, too, can pitch in to make this world a better place for present and future generations. PIX: Stunning views of India's greenest building
This is India's greenest building and one of the most eco-friendly buildings in the world.
June 03, 2011
Flying Air India? Do check the schedule
AI rejigged about 30 flights on its domestic and international sectors. India to boom at 9.5% for next few years: Moody's
Terming inflation as the biggest challenge before the Indian economy, Moody's said the Reserve Bank should focus on controlling the price rise and added that maintaining the balance between growth and inflation would a test for policymakers. PHOTOS: The top selling cars in India
Automakers in India posted their worst growth in recent times in May 2011. Woman to be family head in Food Security Bill
If Minister of State for Food K V Thomas has his say in the proposed Food Security Bill, the eldest woman in the family -- and not the patriarch -- will be designated the head of family in the ration card. India to be $30-trillion economy by 2030: Ambani
India is poised to become a $30 trillion economy by the year 2030 from the current $1.4 trillion, industrialist Mukesh Ambani said on Friday. What's Infosys 3.0 and how it will compete
Infosys managing director and chief executive officer S Gopalakrishnan speaks about Infosys, version 3.0, the IT major's culture, what it implies and how it will tackle the competition. Five things to do before you travel abroad
Foreign travel insurance is an absolute must for most travellers abroad. This is not applicable for those who are going to work abroad. Investing in commodities? Stick to gold, silver
Retail investors are turning to the commodities market as an investment option. Rising commodity prices have resulted in these giving better returns than equity markets. 15 nations with highest number of millionaires
Global wealth rose by $9 trillion to a record high of $121.8 trillion. Here are some of India's leading 'green' companies
Though most companies fall under categories that have more to do with reducing emissions or saving power, there are brands that have nothing to do with power and energy, who are working towards developing a greener environment. Success story! From Rs 40,000 to Rs 1,866 crore!
It took a good 18 years for Luminous Power Technologies to make its first Rs. 100 crore. What Ambani has in store for Reliance
Announcing a bullish stance on the company's financial position, the chairman and managing director said that RIL would become debt-free on a net basis in the current 2011-12 fiscal. Before you go for a second loan. . .
Bankers are often not comfortable when customers already have a sizeable amount of debt on their balance sheets and are looking for more REVEALED: Ratan Tata's post-retirement plan
Tata plans to do what he has always been passionate about -- set up a design centre of international standards and scale. Under heavy debt? Don't despair, try this!
Ramkumar is under extremely heavy debt. Can he survive it? Rahul Bajaj on 2 most important things in business
Rahul Bajaj, chairman Bajaj Auto, speaks about what business is, corporate governance, and corruption. Is emergency fund part of budget?
Not many make provisions for an emergency situation. Credit score: Why it matters, how to get it
You will now be able to access your credit score. All about what the score is and how it matters to you as a borrower. The world's top wealth creators; India 4th
India has emerged among the four fastest wealth creator countries in the world and its growth momentum is expected to gather further steam going forward, a global study has said.
June 02, 2011
Baba Ramdev: A school dropout turned millionaire!
Ramdev, who shot into the limelight as a Yoga guru, now has a cult status with millions of followers across the country. Beware! 15 mn viruses will be on prowl by 2012
Symantec's latest Internet Security Threat Report XVI reveals that a majority of malware samples observed in India spread through removable drives. 2G scam: CBI gives clean chit to Tata
The anti-corruption branch of the Central Bureau Investigation has given a clean chit to Tata Group chairman Ratan Tata in the 2G spectrum scam. Food inflation falls to 8.06%
The latest numbers likely to be seen by the government as a silver lining after the slowdown in economic growth during the first quarter. Economy may grow by 8.5% in FY12: Rangarajan
C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, on Thursday said he expects the Indian economy to grow by 8.5 per cent in FY'12 on the back of services sector and industry expansion, though he hinted that agriculture might not be a big contributor. PIX: Interesting facts on China's infrastructure
China spends about 40-50 per cent of its GDP on infrastructure. IndiGo ready to make its international debut
In August, IndiGo makes its international debut with a nine-aircraft fleet to fly to destinations in Southeast Asia and West Asia. Play safe with commercial property
High returns are a lure for investment in office space, but both loan-to-value and tenures are lower. WATCH! The BEST ad jingles of yesteryear
Jingles certainly makes the world of advertising go round. Well, it most certainly plays an important role in brand association whether the jingle is good, bad or annoying, if it has a catchy tune, you have a winner. University of Toronto honours Nandan Nilekani
University called Nilekani 'more than a business leader'. SPECIAL: The true story behind the GM mess
Not only is illegal herbicide-tolerant cotton spreading across the country, biosafety regulations are being openly flouted by private crop developers acting in collusion with public research institutions. India facing unprecedented food crisis
"Despite the doubling of the size of its economy since 1990, the number of hungry people in India has increased by 65 million because economic development excluded the rural poor and social protection schemes failed to reach them," Oxfam National Humanitarian Hub Manager Zubin Zaman told reporters in Guwahati. Reliance Cap to hire 3,500 managers, 50,000 agents
Having witnessed a dip of over 4,500 staff from its headcount in last fiscal, Anil Ambani group's financial services arm Reliance Capital will hire over 3,500 managers for its various businesses this year. Big deal! P&G keen to gobble up Unilever for $62bn
In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion pounds ($ 62 billion) bid for its biggest rival Unilever. US secrets on the line! Chinese hackers hit Gmail
Google said it has uncovered a phishing campaign, which appears to originate from Jinan, China. PHOTOS: The greenest cities in India
Some cities in India are taking very positive steps to maintain the eco-system. Centre's subsidy reforms to start from South
LPG cash transfer to begin with Mysore, Hyderabad. PHOTOS: World's 16 strongest banks
Bloomberg recently came up with a list of 16 strongest banks of the world.
June 01, 2011
Ramdev threat! Govt talks big on black money
Amid the threat of yoga guru Baba Ramdev to go on a hunger strike on the issue of black money from June 4, the government on Wednesday said the series of steps taken by it to unearth unaccounted-for wealth have started yielding results. What ADAG is doing to rule health insurance sector
ADAG's rivals are lobbying overtime to ensure that a company affiliated to the group, Mediassist India TPA Private Limited, is considered ineligible. A look at Subbarao's years as RBI Governor
The criticism of the RBI governor's handling of inflation is fraught with an oversimplification of the current inflation dynamics. I screwed up, admits former Google CEO
Google executive chairman Eric Schmidt, who recently stepped down as the search giant's chief executive officer, admitted at the All Things Digital conference that the Internet giant's inability to cash in on the social networking wave was his fault. Can Fluence help Renault heat up Indian market?
A year after French auto major Renault terminated its joint venture with homegrown automobile manufacturer Mahindra & Mahindra (M&M), the company is back to prove its mettle in the world's second fastest growing automobile market with its premium mid-size sedan Fluence. 9% growth possible if industrial sector booms
Optimists would say that even a new normal of around 8.0 per cent GDP growth is good, considering global trends. Why speculation in silver is down
The reason, say market players, is heavy losses suffered by traders in south India and Ahmedabad dabbling in the white metal. How to raise cash through paper gold
With gold prices on the rise, financial institutions are trying different ways to attract the customer. PMO tightens grip on railways
On Monday, Railway Board, the apex body in the ministry, issued a circular that the Prime Minister's Office would handle all projects worth Rs 100 crore (Rs 1 billion) and above. Mercedes unveils new version of supercar!
Mercedes Benz plans to launch a new open top version of its SLS AMG super car. IMAGES: 12 stunning solar cars from students
Hans Tholstrup and Larry Perkins were the first solar car racers to successfully travel from Perth to Sydney in 1983 in a solar car. PHOTOS: World's 10 greenest cities
While widespread use of green technology has a long way to go in India, there are some cities in the world that have already become role models in efficient use of resources. Soaring petrol? Here are some great diesel cars!
Let's see what the Indian car market has to offer in the diesel car section. The BIG threat to China's growth story
With the twin burden of a severe power crisis and drought, economic growth will slow down. PIX: Himalayan glaciers continue to melt rapidly
Noted environmentalist R K Pachauri said the Himalayan glaciers are melting at a "very rapid speed", but did not refer to his earlier assertion that the glaciers could disappear by 2035, for which he had come under sharp attack from the government and others.
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