oaring crime gave Venezuela the horrific title of being one of the most violent countries on earth. Inflation ran into tens of thousands per cent, impoverishing nearly all of the country's 31 million people.' Yet, says Radha Roy Biswas, she sees hope for the beleaguered nation where she spent her childhood years.
'Reports of hitherto 'atmanirbhar' breadwinners having to stand in line for a plastic bag of khichdi or, travelling thousands of kms with nothing but packets of biscuits, have not moved the prime minister,' observes Jyoti Punwani.
The country must get its act on global alliances right in order to feed its fuel-hungry economy, points out Subhomoy Bhattacharjee.
Analysts believe total cost of production at Rs 1,000/tonne reasonable for power firms.
TAL Manufacturing Solutions expects its indigenously made affordable industrial robot, the Brabo, to boost the robotics vertical and contribute almost 40 per cent of its overall revenues in the next five years. Sohini Das reports.
Continuing decline in food prices, including vegetables, pulled wholesale price inflation to a five year low of 1.77 per cent in October.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
In August, wholesale prices rose 3.74 per cent year-on-year.
The government's final rules for reallocation of cancelled mines through an e-auction process give the existing owners an advantage over new bidders.
'We are in the reverse gear and we are not there anywhere compared to the rest of the world'
Prime Minister Narendra Modi's decision to open commercial coal mining to private players is a key step towards bringing order to the country's chaotic power industry and ending the chronic blackouts that impede its economic rise.
This is Modi's first bilateral visit to Myanmar.
Have patience and bear with this turmoil. Do not panic. Buy at declines for the long term, says Nirmal Jain.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
'The smartest businessmen are shopkeepers as their return on investment is better than anyone else.'
Dining and drinking out will be expensive.
India and China have not ruled out a Modi-Xi meeting during the summit.
Formidable India will hope to get more answers for their unsettled middle-order puzzle when they take on a reeling West Indies in the five-match ODI series, starting Sunday and ticking off the home team's countdown to the 2019 World Cup.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
'Retail investors have been selling since the Budget and Foreign Portfolio Investors started selling.' 'Thus far, domestic institutions have picked up the slack, buying enough to keep the major indices from falling off a cliff.' 'However, there has been carnage in smaller stocks and the financial sector has been hit much harder than the major market indices,' points out Devangshu Datta.
'I never imagined that there would come a day when the NBA game would be seen and heard by Indian fans in their own language.'
Says operating environment for Indian corporate sector has improved during FY15
Consumer businesses come to the rescue of large conglomerates in the midst of a meltdown in commodities.
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
With an aim of boosting manufacturing and exports amid sharp fall in the rupee, the government has decided to take a slew of steps, including enhancing steel production capacity to 300 million tonnes and raising textile exports by 30 per cent this year.
This is because the government's move might dim the possibility of taking over the 42 blocks permanently.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
He designed some of India's most iconic buildings.
With the Sensex again nearing 28,000 points, investors can make good returns with a one-two year horizon.
'The Modi government must create conditions to integrate millions into the rural economy as many migrants are certainly not going to return to live an undignified life,' notes Ramesh Menon.
These simple exercises will keep your heart healthy.
Top gainers from the Sensex pack are Asian Paints, Bajaj Auto, ITC, NTPC, L&T and HDFC, all up 2% each
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.
In an urgent need for its image makeover, the scam-tainted coal sector will require mammoth efforts in 2015 from the government and the corporates too.
The Centre on Wednesday told the Supreme Court it would examine the current status of development in 61 coal blocks allocated to companies, on a case-by-case basis, and take a decision within six weeks.
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
'Maybe, if Mr Modi can fire over Patel's gigantic shoulder, people will start to think that he is very much like Patel?' 'It's a long shot, but the Modi sheen has worn awfully thin, and after five years and a long, much-frayed rope, he faces real accountability from voters.' 'He needs any help he can get,' says Mitali Saran.
