As part of efforts to curb pollution, the Centre is in the final stage of completing the Rs 10 crore pilot project under which 10 refurbished electric buses will be handed over to select State Transport Corporations by March 2016.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
Within Sebi, the chairman should hold an umbrella for both young and old employees, says Somasekhar Sundaresan.
Union Health Minister Dr Harsh Vardhan, while addressing American Association of Physicians Of Indian Origin members, promised Narendra Modi-led NDA government's approval within 15 days if Indian-American doctors apply online for the area of choice where they want to serve. Rediff.com's Aziz Haniffa reports from San Antonio.
Experts said many of the programmes started in the last one year have been dogged by poor implementation, something which the state seriously needs to answer as it faces a tough electoral battle in the months ahead.
Incidents like these are a wake-up call, says School Education Secretary Anil Swarup. 'Today, if a particular problem has been found, technology allows solutions to address it,' he says, suggesting alternatives such as printing and distribution of encrypted question papers on the day of the exam. Swarup wants electronic tracking to keep tab on who has access to and can, therefore, leak papers.
Piyush Goyal is leading a delegation to deliberate with Australia.
'In India, China's capacities to conduct new types of warfare is critically underestimated,' says Claude Arpi.
Analysts say the impact on Indian entities would not be immediate
Education remains one of the key focuses of the new government.
A homoeopathic state of mind pervades our thinking in governance and infrastructure-building. Do it in small, harmless doses, but nothing bitter, sharp, or bloody, says Shekhar Gupta.
As Prime Minister Narendra Modi reached the White House for the private dinner hosted by President Barack Obama, India and the US on Monday issued a vision statement "Chalein Saath Saath: Forward Together We Go" that called for a joint endeavour for prosperity and peace.
'My mantra is simple. If a customer demands something, we have to deliver at the speed he wants. No customer will wait for us. That is where local top-quality talent comes in,' says the MD of Bosch India.
Yale University has issued a statement saying that Human Resource Development Minister Smriti Irani attended a weeklong programme and received a certificate from the university last year, along with several other lawmakers from India. George Joseph/Rediff.com reports from New York
As a result of the mass state-led scheme, the processes in the health insurance market could get simplified over time and become uniform
'What we are trying for is to make space travel easier like air travel.' 'We have already established ourselves... the fact that other countries are coming to seek our help shows our technology is mature.'
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%.
Sectors throw up a wishlist for the Finance Minister.
There were fewer Series-B deals this year versus last, but more money was raised
What has paid in the long run is the continuous investment in technology.
'The past year has yielded extraordinary results in the strategic, commercial, and people-to-people components of the India-United States partnership, US Ambassador to India Richard Rahul Verma tells Aziz Haniffa/Rediff.com in an exclusive interview.
Dinesh Patel, Utah's most high profile and influential Indian American, was conferred the Willem J Kolff Lifetime Achievement Award at BioUtah's 2013 Utah Life Science Award, the state's top science award ceremony.
A coalition of over 150 US-based academicians back Prime Minister Narendra Modi's visit to Silicon Valley next week and counter refute 130 US-based South Asian academics who oppose the Modi visit and his Digital India initiative.
India needs to come up with new ideas to make the Pravasi Bharatiya Divas more appealing to overseas Indians. The Diasporas talents should be used for the country's development, says Thomas Abraham, founder of the Global Organisation of People of Indian Origin
But when organisations cushion the impact to make it less traumatic, it helps in the recovery process, Wayne F Cascio tells Abhilasha Ojha
'50% of students lose out because of lack of English language skills.' 'Only 15% to 20% have the functional skills companies are looking for.'
Secretary of State for Foreign Affairs William Hague and Chancellor of the Exchequer George Osbourne, heading the largest business and ministerial delegation ever, arrived in Mumbai, their first port of call, during a two-day visit to the country.
In India, the angsting over net neutrality has been loud.
Special 301 Report expresses concern over weak IPR laws, to conduct reviews.
After two years of growth in the 4 per cent to 5 per cent range, the gross domestic product is expected to increase more robustly in 2015, growing to an expected 6.4 per cent.
'The origins of the model of planned economic development adopted by independent India was a direct consequence of the war.' 'The war provided an opportunity for groups at the margins of Indian society to find new avenues for mobility.' 'The war also led to the emergence of India as a major Asian power and set the stage for it to play a wider role in international politics.'
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
'Biometric Aadhaar-based surveillance is not only about violation of privacy, but also about the treasure hunt for unprecedented financial surveillance and economic intelligence in the economic history of mankind,' asks Gopal Krishna.
Here's the full text of Prime Minister Narendra Modi's address to the United States Congress.
'While military acts such as the Uri surgical strikes are one option, cultural, economic and diplomatic isolation should also be part of the arsenal,' argues Sankrant Sanu.
Industries with the highest number of top-rated companies at risk were hospitality/travel, media and entertainment, retail, financial services and consumer goods/manufacturing
Few Harvard graduates are changing the way we teach students.
The Forbes 30 Under 30 list is harder to get into than Stanford or Harvard University. Meet the desis who made the cut this year.
China continues to hold out on fingering Pakistan as the 'mothership of terror,' declaring Masood Azhar a terrorist at the UN, and India's membership of the NSG, says China expert Srikanth Kondapalli.
