'This fall is nothing. We could see worse if everybody hits the panic button.'
The IOA on Monday indicated that India may take part in the London Olympics under protest after the International Olympic Committee rejected its demand to scrap the controversial Dow Chemicals as one of the sponsors of the mega-event.
The Central Board of Excise and Customs on Tuesday said that tax rates under the proposed Goods and Services Tax regime in India is likely to be between 16 per cent and 20 per cent.
Afghanistan registered their first Test victory after Rahmat Shah's second fifty of the match helped secure their seven-wicket win against Ireland in a one-off contest in Dehradun on Monday.
The Supreme Court on Monday pulled up the Centre for not being serious on disposal of toxic waste lying in the defunct Union Carbide India Ltd plant, now represented by DOW Chemical Company, in Bhopal for the last 28 years and asked it to take a final decision on it soon.
Dow and Bhopal together illustrate vividly how the authority of nation-states and their government is being usurped by the corporations of all hues giving birth to a perverse trans-nationalism, writes Gopal Krishna.
The 50-share NSE Nifty too closed down 168.30 points, or 1.58 per cent, at 10,498.25 -- a level last seen on January 3 when it closed at 10,443.20.
The Information and Broadcasting Ministry said on Wednesday the newspapers will be brought out by Wall Street Journal India Publishing Private limited, a wholly owned subsidiary of Dow Jones and Company Inc, USA.
India entered the final of the FIH women's Champions Challenge II after goals from Rani Rampal and Saba Anjum fashioned a 2-1 victory over Ukraine in Kazan on Friday. They meet Belgium, who beat Ireland in the other semi-final.
According to the data by Dow Jones VentureSource, global venture investment in companies across the world rose 13 per cent in January-March period this year.
Venture capitalists (VCs) invested around $928 million (around Rs 3,700 crore) in 80 India-based firms during 2007 -- a 166 per cent increase over the $349 million invested in 36 deals in 2006 --, according to the latest quarterly India Venture Capital report published by Dow Jones VentureSource.
FMCG sector analysts say that due to excise free zones, impact of the excise duty hike will be limited, except for Hindustan Lever. The sector wants impetus for rural income generation and no hike in service tax.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
According to the sources in the government, in a major U-turn, the Union law ministry has submitted a note to the Group of Ministers headed by Home Minister P Chidambaram on the Bhopal gas tragedy, where it has, reportedly, recommended that the government of India should undertake the cleanup operation of the site of Union Carbide.
In India, US venture capitalists invested $101 million in 13 deals in the first quarter, 29 per cent less than the $142 million via 22 deals in the March quarter of 2008, as per data compiled by research firm Dow Jones VentureSource. Venture capitalists put $1.87 billion, the lowest quarterly total since 2004, via 250 deals for emerging companies in India, China, Europe and Israel in the first quarter as fund managers prefer assured returns from portfolio investment.
Both the debt and equity markets have seen sharp volatility in recent months.
Shanmugam Nagarajan, co-founder and chief people's officer, 24/7 Customer, feels young grads should not feel disheartened because of the current economic downturn.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
Tata, who turned 72 last month, will stay in office till 2012.
Families of the deceased and people who bore the brunt of the industrial disaster are now signing a petition, to be sent to the Supreme Court, requesting it to start hearing a curative petition of the government filed in December 2010 for more compensation.
India's stock market has gone up by 571 per cent in the last four-and-a- half years. A return like that here in the US would put the Dow over 55,000 today.
What China's market crash means for India
The government is expecting a better soyabean and groundnut production on account of well-distributed monsoon rains and good prices.
Ministry officials said the matter is being reviewed with the objective of bringing down the FDI cap from 100 per cent to 26 per cent in line with the limit for news media. This decision for the review was taken while discussing the proposal of US-based Dow Jones and Company for setting up a wholly-owned subsidiary to carry out publishing the facsimile edition of Wall Street Journal in India.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Saturday will be the last time the Mumbai Mirror will hit newsstands as a daily. Two Saturdays ago, its owners, the Times of India group, shocked the city by deciding to convert the Mirror into a weekly newspaper. Jyoti Punwani salutes the Mirror and its editor, Meenal Baghel, for its pathbreaking journalism.
Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
Defying a Communist Party of India directive to quit his post before the trust vote, Lok Sabha Speaker Somnath Chatterjee on Monday chaired an all-party meeting in New Delhi ahead of the special session of the Lok Sabha to decide on the confidence motion.The Speaker had called the meeting of the floor leaders of parties to discuss issues related to the trust vote being sought by Prime Minister Manmohan Singh, in the wake of the Left withdrawing support to the UPA.
The economic slowdown in India and the recession in many parts of the world are affecting us all in many ways. Here is a list of things that we need to do and some that we should not do during the downturn:
The Reserve Bank of India and the Securities and Exchange Board of India are considering a proposal for allowing Indian mutual funds to invest up to $1 billion in world's biggest companies through equity indices like Dow Jones Global Titans Index.
Call centres in India brought in extra staff and asked some to work overtime to answer a flood of inquiries to Britain's National Rail after a series of deadly bomb blasts hit London's transport network Thursday, officials said.
The latest allegation of rape was levelled against Akbar by Pallavi Gogoi, chief business editor of National Public Radio, a Washington-based American media organisation, who has detailed the "most painful memories" of her life in an article in The Washington Post.
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
SpiceJet Ltd., an Indian budget airline, will likely to sell a foreign currency convertible bond worth $90 million by early September to raise money for more plane purchases, a company executive said Wednesday.
Fund managers's compensation is largely tied to the assets they manage and scheme performance.
Based on a feedback, the exchange could cap a sector's weight at 25 per cent, or align with the broader market.
With global crude prices softening and the govt taking steps to curb inflation, the Indian growth story still has some steam left in it.
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