Financials were the top losers after sharp gains in the previous session along with ITC
'AI will be bigger than the advent of the Internet or the harnessing of electricity.' 'India must embrace it with all its might,' says NITI Aayog CEO Amitabh Kant.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
But it scores high on firm dynamics - which is partly accidental, as it benefits from high labour turnover.
Experts say the BSE Sensex could rise to around 32,000 in a year.
Anand Chandrasekharan, CTO of Mad Street Den tells Shobha Warrier of Rediff.com that he wants to make his company the one-stop artificial intelligence company in the world.
'There will be a broad coalition of non-BJP parties in at least 25 states'
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Transport Minister Nitin Gadkari puts them out of the ambit of Motor Vehicles Act; experts say some regulation, licensing and driver training will be necessary
In the December quarter, Sensex earnings had contracted 5 per cent.
Today, Apollo Tyres is the first made-in India automotive brand to be sold in Europe independently.
Air toxics emissions are high from older vehicles.
Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection, and time lag
'For investors who are willing to remain invested for two - three years, there exist quite a few good opportunities.'
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The Congress works more but is not good at marketing itself, unlike opposition parties, believes party vice-president Rahul Gandhi.
'This is a Frankenstein's monster that will engulf us all in its rage and greed.' 'This fake news/WhatsApp forwards industry -- and especially, the use of it in politics -- is one of the biggest threats to our world today,' warns Amit Mehra.
Norman Matloff, professor of computer science at the University of California, Davis, believes that the US has enough highly skilled engineers and raising the cap on H-1B would hamper the wages of senior workers already in the industry.
'There are 25 million farmers in India with at least 2 to 3 cows each.' 'If all them use biogas to cook, millions of LPG units and firewood can be saved.'
Arvind Panagariya speaks about climate change, globalisation and India's economy.
The biotech company's revenues had fallen to as low as Rs 50 cr.
From extreme poverty to building a company worth Rs 60 crore, Raja Nayak's incredible rags-to-riches story is an inspiration for all.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Some 800 million or more Indians gaze at their mobile phones all day. Whoever can crack what's news on the mobile phone for them and their families, for a nominal payment of Rs 10 a month, is a winner, says Ajit Balakrishnan.
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Climate change and US-India collaborations in renewable energy resources will be up for discussion at the US-India energy summit coinciding with Prime Minister Narendra Modi's visit to Washington, DC, later this month, reports Aziz Haniffa.
The analysis is based on the free-float market capitalisation.
India had its own battle over gauges.
Amit Jain tells Shyamal Majumdar about his dream to make Uber the 'safest place in the city'
World trade has been growing slower than world GDP since 2012.
Drones are being sold by e-retailers like Flipkart and Snapdeal for less than Rs 40,000 apiece.
The broader markets are outperforming the benchmark indices.
One solution to India's challenges of education, employment, employability lies in state governments adopting apprenticeships on a large scale.
The rise in India Inc's market value was led by asset-light firms.
Unless the judges factor in the ungovernability of technologies and their beneficial owners, present and future Presidents, prime ministers, judges, legislators and officials handling sensitive assignments may become redundant with reference to their age-old roles for securing 'national resources and assets', warns Dr Gopal Krishna.
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%.
'When I read page number 50 of Transcendence, second paragraph, there he writes, "No more manoeuvres are required any more, as I am placed in my final position in eternity".' 'And within a month of that. he was no more.'
The decision marks first successful policy intervention.
Higher crude oil prices also translate into better corporate earnings for India's top companies
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Virender Kapoor is the former director of Symbiosis Institute of Management and knows a thing or two the making of a great leader. Here's what he has to tell you, our dear readers.
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