On April 21, 2008, Satyam announced its plans to acquire the market research and customer analytics business unit from CAT for a total consideration of $60 million (approximately Rs 300 crore), comprising an initial payment of $10 million (Rs 50 crore), which Satyam paid to the seller on August 6, 2008, besides issuing a $50-million (Rs 250 crore) promissory note.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
Pride is all ours and of those who made a beeline to Halls 3 and 5 that showcased indigenous defence technologies at the Make In India Week.
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.
India's GDP is estimated to contract by a record 7.7 per cent during 2020-21 as the COVID-19 pandemic severely hit the key manufacturing and services segments, as per government projections released on Thursday. Amid overall decline in economic activities, some respite was provided by the agriculture sector and utility services like power and gas supply, which have been projected to post positive growth during the current fiscal ending March 2021.
When BJP leaders, including Mr Modi's number two, Amit Shah, use the pandemic to launch an assault on state governments run by opposition parties, or to topple them, they are exploiting a grave crisis in cynical political self-interest, notes Shekhar Gupta.
Brokerage house Nomura today said the downward revision of FY'13 growth figure by the Central Statistics Office will have a positive base effect for GDP expansion in the current fiscal.
R-Power, Essar could be hit as state mulls benefit-sharing levy for ecology loss.
Raghu Ramakrishnan, a vice president at Yahoo!, has been awarded the 2008 Innovation Award by the Association for Computing Machinery Special Interest Group on Knowledge Discovery and Data Mining for his significant technical achievements in the field.
The Child Protection Services programme under the Integrated Child Development Services was increased to Rs 1,500 crore from Rs 925 crore.
'Even after vaccines are given, precautions like using a mask and maintaining social distancing have to be taken.'
If the protests die down and the bureaucracy speeds up, India might just get a new world-class university. Mining magnate Anil Agarwal is putting $1 billion into this dream.
Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The entire gamut of China's activities is aimed at keeping India on tenterhooks, cause fatigue to its troops and keeping its security system unstable, so that it cannot play a meaningful role in international geopolitics as an effective partner of the US and Japan, observes Lieutenant General Syed Ata Hasnain (retd).
Mission Shakti 'shows the development within India's military space programme, its desire to be seen as a global space power and its recognition of the potential dangers of China's counterspace programme.'
Empathy, creativity, and ability to deal with failure are just some the skills that will prepare students for the future, says Ajinkya Potdar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The rapidly widening gap between mine production and jewellery demand could lead to a strong rally in gold prices culminating in a fresh high this year, according to the latest forecast by Gold Fields Mineral Services (GFMS).The independent London-based consultancy and research company projected that the metal could hit the psychological $1,100-an-ounce barrier this year.
It is the lightest gold nugget ever created, researchers said.
After launching missiles from land and sea, India is in the process of developing suspersonic missile aircraft that would hit long range targets from air.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
There is a high demand for IT professionals who can envision, design and develop applications for the future.
The modular courses of around ten hours will be conducted live through video conferencing at IIT Kharagpur campuses in Kolkata and Bhubaneswar.
Back of the envelope calculations put government expense on each of the new schemes promised by the DMK and the AIADMK at tens of thousands of crores. But then, neither party has said how they are going to also address the mounting debt burden either, says N Sathiya Moorthy.
Iceland retained the top spot while Afghanistan is now the least peaceful country in the world.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
'It is no longer practical to expect parents to pay anywhere between $40,000 and $55,000 for the year or even half for the term if there is no clarity.'
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
India is the fourth worst-hit nation by the pandemic after the United States, Brazil and Russia.
Two-time Pulitzer Prize winner Paul Salopek is on an intercontinental journey of 24,000 miles, tracing humankind's movement out of Africa right down to South America.
The melting of polar ice, he said, had nothing to do with man-made carbon dioxide. They come off due to the physics of ice and the flow of ice, Plimer said.
HSBC Group Service Centre, Kolkata is recruiting Managers, Assistant Managers and Business Analysts.
Huge demand for dry bulk commodities such as iron ore, coal, and grain has helped the Index touch a five year high recently.
Here's a recap of events that occurred in India in the past 24 hours.
'Skater Girl is India's first film on skateboarding and I hope that it inspires girls and boys across the world and brings them hope.'
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
Economist and author Devaki Jain mourns the loss of her good friend, Girish Karnad.
Small stocks made a dashing comeback in 2020 after delivering negative returns in the last two years as increased retail investor participation in pandemic times saw small-cap index surging up to 31 per cent and outperforming the bigger benchmark gauge. This year turned out to be eventful for the equity market, witnessing bearish and bullish sentiments at different points of time. While the initial part of COVID-ravaged 2020 saw the bears in full force amid concerns related to the pandemic and lockdowns hurting economic activities, bulls made a comeback towards the latter half of the year. As the market swayed with many lows as well as highs, small and mid-cap indices emerged as markets favourites in 2020.
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