The Sensex ended below 28,000 for the second straight day at 27,869.
The 30-share Sensex is down 359 points at 26,378 and the Nifty has dropped 78 points to trade at 7,883
While the tax holiday for the factory coming to an end might be a factor, many say the business model of Microsoft (which acquired Nokia's handset division last year), as well as freebies offered by the Vietnamese government, might also have played a role.
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
The allocation in the defence budget is inadequate to meet India's long-term threats, especially from China and Pakistan, says Gurmeet Kanwal.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
What China's market crash means for India
Banks cannot shirk their responsibility in cases of frauds.
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
'I have promised that I will eliminate the problem within four weeks.' 'We know -- in fact everybody in Punjab knows -- who are the people who control the drugs supply and trade.' 'We need to tackle them.'
'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
Prime Minister Narendra Modi on Sunday cautioned against "commodifying" yoga, saying using it as some sort of business will do great damage to this world heritage.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Saurabh Mahajan, a former Indian Army officer, is making history in medieval battles grounds. Rediff.com's Archana Masih meets the man who has supplied vintage armour and war props to Assassin's Creed, The Hobbit and knights in shining armour to the Tower of London.
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
Budget could well determine if Achche Din will materialise
'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.' 'We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance minister had the DMK won.
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
The finance minister hiked the total defence expenditure from Rs 203,672 crore in FY 2013-2014 to Rs 229,000 crore for FY 2014-2015. Though the increase appears substantial, it is insufficient to undertake the military modernisation necessary to meet the emerging threats, feels Brigadier Gurmeet Kanwal (retd).
'The tiger is the epitome of evolution.' 'Every tiger has a stripe pattern that is unique. Each tiger is unique.' 'Tigers are very elusive. It is said a tiger sees you nine times when you see it once.'
With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet.
The Ebitda margin, too, was lower than the expected 29.1 per cent.
'Will people who buy iPhones stop buying iPhones to help swadeshi models?' 'There should be some advantage for the consumer to make them buy a Made in India product.' 'Patriotism and nationalism are good words, but in business, it won't work.'
'We are allowing FDI on the terms of the investors, multinationals.' 'We bow down to whatever they say.' 'When they say you open this sector, we open that sector.'
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
Indian economy about to take-off
Here is the full transcript of Congress vice president and Lok Sabha poll campaign chief Rahul Gandhi's first formal TV interview with Times Now Editor-In-Chief Arnab Goswami.
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