Top Stories
an hour ago
BCCI initiates internal probe under Ravi Sawani The BCCI has initiated an internal inquiry to probe into the allegations of spot- fixing by three players of Rajasthan Royals who have been arrested by the Delhi Police. The inquiry will be headed by Rav
18 hours ago
The week gone by was one of the most dramatic in recent times; with sound and fury, panic and exuberance along with the usual bunch of bewildered onlookers. Monday started with the Sensex plunging over 400 points. But just as the bulls began drawing up pl
19 hours ago
I have purchased IFCI and GVK at Rs 40 and Rs 15 respectively. Should I book loss and exit? Ranjan IFCI (Rs 30.1): The trends along all time-frames — long, medium and short are down for IFCI. The stock is also trading below its medium-term support at
Breaking News
9 minutes ago
GSM industry body COAI wants the Centre to instruct states on the policy on radiation emissions from telecom towers, saying the subject comes under the central government.It may not noted that the Rajasthan High Court has directed telecom service provider
12 minutes ago
NASA’s legendary Opportunity rover has broken a 40-year-old extraterrestrial distance record after nine years of hard Mars exploration. The tenacious six-wheeled robot has now travelled a record distance of 35.760 kilometre since landing on the red plan
39 minutes ago
Concerned over slow pace of capacity addition by 12 major ports, a Parliamentary panel has said plans to increase their capacity to 1,229.24 million tonnes (MT) by 2017 appears to be a “distant dream”.Major capacity addition has been done by private ports
51 minutes ago
Income Tax department has slapped a fresh $106 million (about Rs 582 crore) tax demand notice on Infosys, for 2009 fiscal, adding to the tax woes of India’s second largest IT firm.The Bangalore-based software services exporter is already contesting additi
an hour ago
With no let up in multinationals seeking nod to acquire stake in Indian pharma firms despite government putting norms to check it, DIPP has raised concerns stating the FDI policy in the sector needs a relook again at the Prime Minister’s level. “Despite
Markets
3 hours ago
Overseas investors have poured in nearly Rs 12,000 crore (about $2.2 billion) into the Indian equity market so far this month.With this, the total foreign investment in the country’s equity market has reached Rs 73,029 crore ($13.5 billion) since January.
May 17, 2013
The country’s forex reserves slipped for the second consecutive week, dipping by $616.4 million to $293.69 billion on a fall in currency assets, the Reserve Bank said today.The total reserves had slumped by $2.06 billion to $294.31 billion in the previous
22 hours ago
Gold prices dropped at the domestic bullion market on Saturday due to reduced offtake from stockists as well as lack of retail buying support amid continued global—sell—off.Silver also retreated to close below the important Rs 44,000 per kg mark on back of
18 hours ago
Prices of wheat and rice basmati edged higher on the wholesale grains market on Saturday on fresh buying by flour mills and stockists. However, other grains remained steady in restricted trade.In the national capital, wheat dara (for mills) rose by Rs 40
Companies
3 hours ago
Lingering row between CIL and power producers such as NTPC is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues, like Rs 9,000- crore dues owed by electricity utilitie
18 hours ago
HD television households will touch 5 million by Dec Direct-to-home services provider Dish TV sees the high definition television households to touch 5 million by December, with the addition of about 2.5 million during the year. Salil Kapoor, Chief
18 hours ago
GVK, Transstroy, Lanco, GMR among others close to striking deals Construction and infrastructure space is entering a phase where the stake sale is set to accelerate with at least two-three major deals to close shortly. Recently, GMR divested stake i
Economy
an hour ago
With the image of his Government in tatters, Prime Minister Manmohan Singh will present the last Report Card of UPA-II on May 22 in which he is expected to list the positives such as Direct Benefit Transfer and FDI in retail in a bid to boost the sagging
3 hours ago
Stepping up efforts to tackle tax evasion, the 45—nation grouping on tax administration, which includes India, has agreed to share among themselves information received by member countries from “offshore leaks”.A worldwide media expose, described as “offs
20 hours ago
The much—delayed meeting of the Joint Parliamentary Committee on 2G spectrum scam is expected to take place in June amid sharp differences between members over its controversial draft report which gave a clean chit to the Prime Minister Manmohan Singh and
Industry
an hour ago
Amid allegations of co-operative banks being used as conduits for money laundering, Nabard, which jointly regulates such lenders, has said that it has found no shortcoming pointing towards any such activity.“Every year we do an inspection and we have not
an hour ago
As summer holidays beckon, Switzerland is wooing first time Indian travellers from smaller cities and towns offering the experience of snow clad mountains like Titlis and Jungfraujoch.Switzerland Tourism, responsible for promotion of the country’s tourism
2 hours ago
Air India’s plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme. The VRS scheme is “stuck in the Finance Mi
Editorial
May 17, 2013
There is no proof of cricket’s growing corporatisation contributing to betting scams. It is tempting but totally flawed to link the latest Indian Premier League (IPL) spot-fixing scam to growing corporate interest in cricket and the crass commercial cul
Features
17 hours ago
The country’s leading complex fertiliser producer Coromandel International’s stock has corrected over 32 per cent in the last six months, even as Nifty gained 11 per cent during the same period. Slack fertiliser demand due to steep rise in farm gate price
18 hours ago
IRDA's new guidelines usher in landmark changes, making health insurance more customer-friendly. “I made no claims on my medi-claim policy, taken in 2009, till recently, when my son fell sick. I am now told that my entire accumulated bonus is lost….” Th
18 hours ago
Being agile, small companies are able to grab market share, while the bigger ones are weighed down by bureaucratic hurdles. Last week, a friend of mine was talking to me about the tight economic situation and its effect on the job market. Then, he made
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