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Oct 30, 2014 10:42 PM
Eighteen years after it produced its last in-house engine, Jaguar Land Rover opened its first engine manufacturing plant, under Tata ownership, on Thursday. The £500-million project will help increase the automaker’s competitiveness, giving it
Updated: Oct 30, 2014 10:46 PM
Govt prunes non-Plan spend by 10%, bans creation of new posts With the Centre’s tax mop-up falling short of the target, the Finance Ministry has come out with fresh set of austerity measures, including a 10 per cent cut in non-Plan expenditure and
Updated: Oct 30, 2014 09:53 PM
Maintaining a calibrated approach on corporate lending, says Chanda Kochhar ICICI Bank, the country’s largest private sector lender, posted a 15 per cent growth in net profit at ₹2,709 crore for the three months ending September 30, 2014, dr
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Nearly six years after the Satyam Computer Services scam rocked the nation, the special court trying the case is mostly likely to pronounce the judgment on December 23. The judge has deferred the case after hearing arguments on the electronic evidence, fo
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Shutters bars attached to 2/3 star hotels but allows those at 4/5 star facilities The suspense over the continued existence of liquor bars in Kerala has ended with the Kerala High Court partially endorsing the government’s liquor policy by disallow
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As per records available with the bankers, the private airport near Durgapur was declared ready for commercial operations in April 2013. But not many have a clue when the airport will be ready to operate flights. A high tension transmission wire of State e
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Will bring relief to debt-laden developers, increase supply for home buyers The amended foreign direct investment policy for the construction development sector, will benefit realty companies, particularly those with high debt, such as Unitech, DLF and
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Limited growth in the segment in India cited as the reason Much as Narendra Modi would like the ‘Make in India’ campaign to gather momentum, it is unlikely that international imaging companies present in India will follow the dictum. Unlike t
Oct 30, 2014 09:17 AM
Led by the recent economic reforms announced by the government, the benchmark BSE Sensex surged 248.16 points to end at a new closing peak of 27,346.33 and the NSE index Nifty rose 78.75 points at 8,169.20. Domestic sentiment was buoyed on increased buy
Oct 30, 2014 10:03 AM
The rupee was trading weak by 9 paise at 61.45 against the dollar at 4.03 p.m. local time. After opening weak by 19 paise at 61.54 in early trade due to dollar's gains against other currencies overseas, the domestic unit hovered in the range of 61.39 an
Oct 30, 2014 12:32 PM
Gold prices moved down by 0.75 per cent to Rs 26,876 per 10 grams at the futures trade today as speculators trimmed positions in tandem with a weak global trend where the precious metal traded near three-weak low.On the Multi Commodity Exchange, gold for
Oct 29, 2014 09:32 PM
In today’s market, application of models based on neural networks might be more appropriate Risk management is an important function in institutions having a direct exposure to commodity markets. Numerous tools have been developed so far but time a
Oct 30, 2014 01:53 PM
Board suggests raising FII investment limit to 40% Better domestic sales and cost-reduction measures help Maruti Suzuki India report a 29 per cent rise in its standalone net profit for the second quarter of the current fiscal at ₹862.54 crore agai
Oct 30, 2014 10:18 PM
Volkmar Denner says new laws should help manufacturing sector stay competitive The global chairman of the Bosch board, Dr Volkmar Denner, has said he is extremely concerned about the ongoing strike at the Bangalore plant of the world’s leading auto
Oct 29, 2014 09:30 AM
Coimbatore-based Lakshmi Machine Works Ltd (LMW), the largest textile machinery manufacturer in India with a turnover of more than Rs 2,150 crore last year, has witnessed a rather subdued growth in the July-September 2014 quarter, with the turnover up by
Oct 30, 2014 04:10 PM
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated Rs 1.6 lakh crore ($26 billion) over the next four years, a senior health ministry official said. Under the National Health
Oct 30, 2014 11:45 AM
A day before being relieved from his current post, the Finance & Economic Affairs Secretary Arvind Mayaram has been transferred again. Now, he will join Ministry of Minority Affairs and not Tourism. The Appointment Committee of the Cabinet (ACC) has
Oct 30, 2014 02:31 PM
Govt officials barred from first class air travel Keeping in mind lower revenue realisation till date, the Finance Ministry has issued new austerity measures, including 10 per cent cut in non-Plan expenditure and ban on creation of new posts. “F
Oct 30, 2014 09:38 PM
The QE taper is only the first phase of reversing an expansionary monetary policy in place since 2008 The six-year-long quantitative easing programme, costing $3 trillion, may have ended, but the Federal Reserve’s task of taking the US economy towa
Oct 29, 2014 09:48 PM
Beefing up input delivery, expanding irrigation facilities & infusing technology are the key India needs rapid economic growth to lift people out of poverty and meet the basic needs of a growing population. It is well recognised that for growth to be
Oct 29, 2014 09:55 PM
Clean rivers not only provide greater water security, but also result in sustainable development The Indian economy is picking up momentum and the present government seems to have its heart and mind in the right place, with a special thrust on cleaning
Oct 29, 2014 09:51 PM
Enhanced skills are necessary for attaining sustainable agriculture growth A skilled workforce is a fundamental element of a vibrant rural livelihood strategy. India has witnessed several capacity building/skill building initiatives in the past, especial
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