Bahrain's Ruth Jebet blew away the competition to win the women's 3,000 metres steeplechase gold on Sunday, but narrowly missed out on the world record. Jebet ran a bold race, bursting into the lead after a few laps and setting a blistering pace to win in 8 minutes, 59.75 seconds, just shy of the 8:58.81 world record set by Russia's Gulnara Galkina at the 2008 Beijing Games.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
Utkal Tubers is selling potato seeds in new areas and seizing the opportunity to create a Rs 100-crore firm.
'Water is not an economic resource, but we treat water as an economic resource meant for the benefit of human beings.' 'Water is more of a life source than an economic resource.'
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
These days, one frequently hears of consolidation, rollback and even closure from the start-up world.
Celebrations continued for a second day on Friday after the Trinamool Congress led by Mamata Banerjee put up a stunning victory in West Bengal winning 211 of the 294 seats, bettering its 2011 tally of 184 seats. And the mood prevailed at the south Kolkata residence of Trinamool Congress Member of Parliament Saugata Roy with his associates distributing sweets and samosas and smearing each other with green gulal. Amid this hullabaloo, Roy squeezed out some time to speak to Indrani Roy/Rediff.com about the victory.
RBI governor Raghuram Rajan has slashed rated by 50 bps.
Patients from any part of the country will soon need to travel no more than three hours for treatment of the kind available in large metros.
'There is an effort of painting the entire problem as religious one.' 'That Jammu and Kashmir is the way it is because the valley has radicalised.' 'I would be the first person to accept that there is a greater element of radicalism today than it was 25 years ago, but to suggest the entire valley of Kashmir is radicalised and everything you see on the ground is because radical Islam has suddenly taken over is not true.' Omar Abdullah, former J&K chief minister, explains why 'the situation in J&K is very worrisome.'
Railways must pull back its share of freight traffic.
Experts say investors should be careful, as even a 50-100 bps cut in rates will not help such companies if their business is not doing well. Check what is the problem and consider
The exchange moved through many ups and downs through the years.
In 2014-15, capital expenditure in the April-September period was Rs 99,100 crore.
But you do need to consider that there are bikes now which, at lower price points, offer more specialised experiences, says Benjamin Gracias
There was hope in some quarters that the interim Budget would boost sentiment and lay the groundwork for kick-starting the investment cycle, while staying on a path of fiscal consolidation.
Many macroeconomic forecasters have built predictive models on inflation, all of which highlight intense downward pressure on prices.
It is about discovery and enjoying the journey instead of focusing on the destination, says Gauri Jayaram, founder, Active Holiday Company.
Each year, economic damages increase -- and once again, development gains are lost in one season of flood or bad drought.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Growth in India will pick up from current levels, says LEO Puri, managing mirector, UTI Asset Management Company.
'Today, everybody is on the computer, everybody on the mobile.' 'There is very less physical activity.' 'The treatment most effective in reducing heart disease is exercise.' 'It is very, very, important.'
Lexus continues its hybrid offensive in the country with the new NX midsize luxury SUV that eyes the popular Mercedes-Benz GLC and the Range Rover Evoque, among others
Any investment proposal in India has to be cleared by the Cabinet which leads to a vicious cycle of approvals and rejections, says
Experts hail Budget 2015 as a progressive, growth oriented one.
Mamata Banerjee was on Friday sworn in as the chief minister of West Bengal for the second consecutive time, heading a 42-member ministry.
All iconic and very rare to find now, they are still high in demand among the youth
For debt-laden companies, asset sales is an obvious solution.
All is not well with Telengana and its Chief Minister K Chandrasekhar Rao
Launches and sales of house property have seen a continuous drop.
The implications aren't too significant, given the size of Ukraine and its role in the global economy.
'Some people petitioned the adhikari (government official) and a electricity pole was unloaded here, but because we were not here at that time, some people from a neighbouring village took it to their village instead.' As Bihar goes to the polls, Rediff.com looks at the state through the stories of its people.
In Rio, over 10,000 athletes will compete for the biggest prize in sport -- an Olympic gold medal.
The new Scorpio came after a gap of 24 months since its last launch, during which the competition launched a slew of products.
'Understand one thing, if you want immediately and magically that things should become cheap, it's not possible. It's a long-term policy.' 'Inflation is linked to the storage system and with the production system. Whenever production rises, prices go lower. So if we store when the prices are low and release them when prices rise, prices can be maintained.' 'The problem is that in our country fruits and vegetables worth Rs 110,000 crore go to waste as they rot. And grains worth Rs 85,000 crore rot. So the storage system is another big reason for inflation.' Union Transport Minister Nitin Gadkari in an exclusive interaction with Sheela Bhatt/Rediff.com
Narendra Sharma of MotorOctane took the Bajaj V15 for a ride and here are his impressions
Here's an analysis of the style and strategy of the man who did the magic for Narendra Modi and then Nitish Kumar and whom the Congress has now hired.
Against all odds, the young and determined Varun Sharma has taken up the responsibility to bring electricity, education and empowerment to a remote tribal village in Odisha, says Manu A B.
Benchmark indices failed to sustain gains and retreated from day's high dragged primarily by the losses in metals, information technology and bank shares as investors started to book profits in late noon deals. Earlier, markets had scaled fresh all-time highs on the surprise post-budget rate cut by Reserve Bank of India (RBI). The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922. Intra-day, Sensex reached the all-time high mark of 30,024.74 while Nifty touched the life-time high level of 9,119.20. In the broader market, both the BSE Midcap index and Smallcap indices, down 1% and 1.2% each underperformed the front-liners. Market breadth in BSE ended negative with 1,882 declines against 1,010 advances. A day after signing an agreement with Finance Ministry on inflation targeting, RBI surprised the markets with an early post-budget repo rate cut of 25 bps (basis points) to 7.5% from 7.75% which was again outside of central bank's scheduled policy review meetings as the earlier rate cut effected on January 15. "RBI's latest rate cut of 25 basis points, while a surprise in its timing is in-line with our expectations of a sharp rate-cutting cycle over the coming quarters. With inflation sustainably lower by 500bps, the RBI has in recent months acknowledged the scope for rate cuts and was only waiting for additional comfort that the government's fiscal policy would not play spoil-sport," said Dinesh Thakkar, chairman and managing director at Angel Broking in a note. Analysts at Karvy believe that further monetary policy action will depend on number of factors including easing of supply constraints, improved availability of power, land, minerals and infrastructure, fiscal consolidation, the pass through of rate cuts by banks and the expected monsoon. Citing weakness in some sectors of the economy and the overall global trend towards monetary easing as rationale for the rate cut the central bank also exuded confidence in the road map for fiscal consolidation as laid out in the Union Budget, 2015. Commenting on how the markets reacted to RBI's surprise move, K Subramanyam assistant vice-president (institutional research), Asit C. Mehta Securities said, "The unexpected cut did take the market by surprise .However, credit off-take is not dependant only on interest rates. A gradual revival in the economy would be of more help which would trigger credit off-take. Hopefully this will follow and RBI's action would prove helpful. From market point of view this is bullish as equity becomes more attractive vis-a-vis falling interest rates." On the macro-economic front, the HSBC services PMI rose to an eight-month high of 53.9 in February up from 52.4 in January indicating strong expansion in output across the sector. Respondents cited robust growth of new business as the principle factor for the increase in activity. Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 773 crore on Tuesday, as per provisional data. Buzzing Stocks 9 out of the 12 sectoral indices of BSE ended in red. BSE Metal index, down 2.4% was the top loser followed by BSE Oil & Gas and Power indices, down 1.3% each. BSE Healthcare index, up 1.2% and BSE FMCG index, up 0.9% were the top losers. Bank stocks came under during late noon trades as traders booked profits at higher levels. However, RBI rate cut may encourage large lenders to cut their lending rates boosting demand for home and auto loans and provide funds for various stalled and new projects. Many stalled projects across the country are waiting for cash to restart work. The stock of stalled projects at the end of December 2014 stood at Rs 8.8 lakh crore or 7% of GDP. ICICI Bank ended down 0.1%, Axis Bank and SBI declined over 3% and HDFC Bank shed 1.5%. Sun Pharma gained over 6% on approval granted to Sun Pharma Advanced Research Company (SPARC) by US FDA for an antiepileptic drug. The product will be manufactured by Sun Pharmaceutical Industries at its Halol (Gujarat) facility in India. SPARC was formed in 2007 when Sun Pharma separated out its active projects in drug discovery and innovation into a new company. Dr Reddys Lab and Cipla have gained over 1% each. ITC gained over 1% after consecutive sessions of losses on the proposed larger-than-expected hike in excise duty on cigarettes in the Union Budget. The biggest ever auction of spectrum by the Department of Telecommunications (DoT) started on Wednesday in the morning where government expects to garner Rs 80,000-1lakh crore from the sale of spectrum. Idea Cellular gained over 2%, Reliance Communication gained around 1% and Bharti Airtel closed 0.5% higher. Metal stocks were under pressure in today's session. Hindalco declined over 3%, Sesa Sterliteended down over 4% and Tata Steel closed down 2%. Profit-taking in IT stocks led to Wipro losing around 1.8%, Infosys declining 0.7% and TCS losing 1.5%.
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