The 30-share Sensex closed at 27,112 up by 481 points whereas the Nifty ended higher by 139 points at 8,115.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
Salary hike is fine but govt must reduce support staff to get its math right.
The real estate subvention scheme or 80-20 home buying plan, recently banned by the Reserve Bank of India, is now being replaced by other offers to attract buyers.
The US military fired an intercontinental ballistic missile-type weapon on Tuesday from the Kwajalein Atoll in the Marshall Islands. It then fired a missile to intercept it from Vandenberg air force base in California.
Here's why Rajeev Srinivasan believes there will be nothing particularly positive about the prime minister's US visit.
These three industries might offer a roller-coaster ride and stocks would have to be held for a significant time.
In this scenario, the Indian information technology industry and government have two distinct items on the agenda before them.
'When George Bush Senior decided in 1992 that India and the United States must start talking in this-now-changed world, who would have thought that 10, 15 years down the road, we will start looking at each other as strategic partners?'
Sandeep Pandey salutes women who have contributed to social transformation in India after 1980.
'Hum karan poochtey rahe avishvas ka, karan nahi bata payey to gale pad gaye'
The city readies itself for the biggest economic, political and social event of the year
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
Being employee light is the latest fad.
Corruption in the scheme may have nothing to do with fake children being shown to siphon out money, says Somasekhar Sundaresan.
Considering how cheap Ford cars are to maintain these days, the EcoSport is definitely recommended for someone who doesn't prefer a Maruti or a Tata for that matter.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
'The majority of the spread is by people coughing, or sneezing or talking loudly, in a very short distance, two metres from one another, and a mask will prevent that sort of transmission.'
Health insurance has almost 23 per cent market share in the general insurance space.
The challenges before the IT industry are many and its response over the coming months will shape the future of what has been one of the most vibrant value-creating and livelihood-enabling sectors.
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Q1 results indicate more pain ahead, as slowdown has spread to more sectors, pricing power has come down and rising interest cost is eating into profits.
What connects P S Jayakumar of Bank of Baroda, V Vaidyanathan of Capital First Ltd and Chandra Shekhar Ghosh of Bandhan?
Coca-Cola's acquisition of British coffee chain Costa, its biggest acquisition of a brand in history, faces three challenges in India.
'The previous (Congress) government at least did not veto provisions of the cattle laws.' 'The BJP is actively weakening the provisions.' 'The BJP government tried to export goats from Nagpur for slaughter to the Middle East.' 'The whole country was aghast and offended. We are a country of Ahimsa.' 'The BJP has incentivised the butcher industry so meat export has gone up, live animal export has gone up, leather export is on the rise, smuggling has gone up.'
The government of India has brought a property to house an Indian Cultural Centre in downtown Washington, DC for a whopping $5.7 million.
Trump's diatribe against India in his speech on the Paris Agreement is hard to explain, especially when a Modi-Trump meeting is supposedly on the cards, says Ambassador T P Sreenivasan.
The online world is driven by convenience, simplicity and speed.
For a little over two weeks, a group called 'Guardians of Peace' released a new bit of leaked information about Sony almost every day.
The court has also questioned Epic's assumption that Tata Consultacy Services used the information for the creation of a competitive product
Rajat Gupta, 70, the first Indian managing director of McKinsey and who of 17 months in US prison for insider trading, gets ready to tell his side of the story. And he is less than complimentary about Preet Bharara, then the famous crusading US attorney for the Southern District of New York. "The jury, the press and the public saw only... a 'cropped picture', he says. For someone whose life story was a model of the Great American Dream - an Indian of modest means who rose to the highest circles of politics and business, mingling with the White House and Davos crowd - his indictment in 2012 marked a stunning fall from grace. Many ascribed it to the hubris of the rich and powerful, says Kanika Datta.
Things appear to be going from bad to worse for Vijay Mallya, once known as 'King of Good Times', with the board of a company he nurtured into India's largest liquor maker asking him to quit.
In India, the shortage is of high quality higher education institutions.
The 30-share Sensex ended up 12 points at 28,517 while the 50-share Nifty ended nearly unchanged at 8,660.
'The toughest challenge is not to satisfy the luxury customer.' 'The toughest challenge is to satisfy the budget customer.'
'I shot the video in January 2014 and I had no idea then that demonetisation will happen.' 'Narendra Modi mentioning my video is the ultimate (high).' 'Even beggars can go tech savvy. I believe technology can be a great leveller.' Kaur spoke to Rediff.com's Syed Firdaus Ashraf about the video which the whole country is talking about.
'I shot the video in January 2014 and I had no idea then that demonetisation will happen.' 'Narendra Modi mentioning my video is the ultimate (high).' 'Even beggars can go tech savvy. I believe technology can be a great leveller.' Kaur spoke to Rediff.com's Syed Firdaus Ashraf about the video which the whole country is talking about.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
For podcasters -- those who create podcasts -- the medium's appeal also owes to the fact that its content remains unregulated. Uncomfortable conversations, taboo subjects, stigmatised issues, are all encouraged.
Diplomatic and Congressional sources tell Rediff.com that for all intents and purposes, the F-16 sale is dead.
The White House said it has 'a large body' of evidence indicating that the Assad regime was responsible for the April 7 chemical attack in Duma.
