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The Economic Times
Oil falls to below $73 due to stronger dollar
Oil prices fell sharply to below $73 a barrel on Tuesday as the dollar strengthened against the euro
Govt plans monthly data release on FDI outflows
The data will be released in coordination with the Reserve Bank, which has so far been the sole agency for compiling information on the outward FDI.
AKAI launches 10 mobile handsets
Handsets have full touch 3-D user interface, social networking sites and E-book compatibility. The company said its products are available in 8,000 retail shops.
Biggest mobile show woos Apple community
The world's biggest mobile fair will host its first event for Apple developers next year in a sign of Apple's huge influence over the industry, even though the company itself has never participated in the show.
Double dip in US to weaken Asian economies: Western AMC
Double dip in US to weaken Asian economies: Western AMCRajiv de Mello of Western AMC says that US bonds signal that double dip recession is fairly high. He also says Asian markets are slightly overvalued.
FDI inflows down by 49 pc in July
Reflecting fragile recovery in world's major economies, foreign direct investment into India dipped for the second consecutive month, by 49 per cent to $ 1.78 bn in July.
Cement stocks zoom on price hike reports
Cement companies shot up on the NSE today amid reports that there has been a spurt in prices of the commodity in South India.
'Companies bill to become law by fiscal-end'
The government excuded confidence that the new Company Law, which promises greater shareholder democracy and stricter corporate governance norms, will be enacted by the end of this fiscal.
Bob Diamond to take over as Barclays CEO
Diamond's long-time lieutenants Jerry del Missier and Rich Ricci will take over as co-chief executives of BarCap from October.
Bond yields down trailing US cues
Federal bond yields and swap rates stayed down on Tuesday, tracking lower U.S. yields on renewed worries about the European banking sector.
Banks' margins may slip, focus on i-banking
Margins are likely to slip as wholesale debt markets deepen and corporate customers access the wholesale markets directly.
Rupee extends fall tracking dollar gains
The Indian rupee extended its losses in the afternoon session on Tuesday tracking gains in the dollar versus major currencies, with mild gains in local shares failing to provide any clear direction on capital flows.
World stocks fall amid renewed Europe bank worries
World stocks fall amid renewed Europe bank worriesLosses in Asia were modest as worries eased about the pace of the global economic recovery following US jobs figures that weren't as dire as feared.
Munda may be sworn-in as new Jharkhand CM
In a letter of support he has just submitted to the Jharkhand governor, he says he enjoys the support of 45 MLAs
DTC may end up as a zero-sum game
DTC may end up as a zero-sum gameWhile you may lose out on LTA exemptions & HRA computations remain hazy, the salaried can draw solace from higher medical & retirement benefits.
Google Android to power TVs
Samsung Electronics Co, the world's largest television maker, said it may equip its TVs with Google Inc software, and compete with Sony Corp in offering sets that surf the Web and double as computers.
Rajasthan: 50 lives lost, but docs continue stir
Over 50 people lost their lives across Rajasthan as medical services was virtually paralysed in five major districts after about 1,200 resident doctors went on an indefinite strike against alleged lathicharge on medicos in Jodhpur.
Maruti Suzuki unveils new plant in Manesar, to invest $416 mn
Maruti Suzuki unveils new plant in Manesar, to invest $416 mnSuzuki chairman Osamu Suzuki said that Maruti would invest $416 million to build a new factory to meet growing local demand.
As tensions mount, curfew imposed in Srinagar
Stone pelting continued through the night in Srinagar where curfew was imposed on Tuesday in the wake of heightened tensions following four more people being killed in firing by security forces.
Toyota to build hybrid Yaris car in France
Toyota Motor Corp plans to begin producing a hybrid version of the Yaris subcompact at its factory in France in the business year starting next April.
'China wants India to be in low-level equilibrium'
In an interaction with editors about China’s recent referral of J&K as “India-controlled Kashmir”, Singh said that Beijing could be tempted to use India’s 'soft underbelly', Kashmir & Pak to keep India in low-level equilibrium.
Open offers, buybacks in limbo as prices shoot up
Open offers, buybacks in limbo as prices shoot upAnalysts say that floor prices for open offers do not provide an exit to shareholders. Such offers are bound to be shunned by the public.
Maoists blast Orissa government building
Maoist guerrillas on Tuesday blasted a newly constructed government building in Orissa's Malkangiri district, police said.
Obama proposes $50 bn for road, rail, airways
President Barack Obama would spend $50 bn on revamping highways, rails and airport runways to create jobs in the near term and improve the long-term U.S. transportation network.
Strong yuan would hurt China: economists
Li Jianwei and Yu Bin, economists in think tank under the State Council said that a substantial rise in the yuan could cut growth next year to 8.4 percent from their baseline forecast of 10.2 percent.
SingTel unlikely to bid for C&W: Citigroup
Singapore Telecommunications, Southeast Asia's largest telecoms firm, is unlikely to bid for Cable & Wireless Worldwide as the company wants to focus on the Asia-Pacific region, Citigroup said on Tuesday.
Indiabulls Power up amid JV talks with ArcelorMittal
Indiabulls Power surged after reports that its parent firm Indiabulls is in talks with ArcelorMittal for setting up a mining joint venture in India.
Taiwan to spend over $200 million on 4G telecom
Companies involved in the projects will have to provide up to 80 per cent of the cost, with the balance covered by subsidies from the government.
Home Loan: It's not just about interest rate
Home Loan: It's not just about interest rateHere are some of the things one should keep in mind when taking a home loan.
Bond yields ease; bond sale papers cheered
Federal bond yields eased on Tuesday as the papers chosen for sale at this week's bond auction were favoured by traders.
The Economic Times
Oracle names ex-HP CEO Mark Hurd co-president
Oracle Corp. has hired former Hewlett-Packard Co. CEO Mark Hurd to help lead the database software maker in a pivotal moment in its 33-year history.
KEC rises 3.14% on plans to acquire SAE Towers
KEC International Ltd will acquire SAE Towers Holdings LLC, a limited liability company incorporated in Delaware, USA.
Blackberry standoff is about sovereignty: Moglen
Eben Moglen's intervention resulted in freedom to encrypt. The software code-writer-turned-lawyer talks to Harsimran Julkawhat about how nations spy on citizens & recent standoff between nations & MNCs over encrypted services.
For Foreign Institutional Investors, DTC is a cause for worry
For Foreign Institutional Investors, DTC is a cause for worryDTC, which was recently tabled in the Parliament has as one of its noble objectives, reducing the uncertainty and litigation for the foreign investors.
No special sops for large SEZs: MoF
The revenue department has shot down a proposal seeking tax concessions to large SEZs for building infrastructure to ensure contiguity where water-bodies, roads or railway lines pass through them.
Naveen pips Marans as top-paid executive
Naveen pips Marans as top-paid executiveNaveen Jindal has nudged ahead as the country's top-paid exec, pipping Marans of Sun TV.
Infosys, TCS to bag deals worth $1 billion from ABN Amro
Infosys, TCS to bag deals worth $1 billion from ABN AmroThe original contract signed by ABN Amro in 2005 was worth $2 bn, spread over 5 yrs, and had five vendors - TCS, Infosys, Patni, IBM and Accenture.
Super chips can make PCs vanish
Scientists have started the quest for ultra-small switches called ‘memristors’
Bugle sounded for Bihar polls
It's once again a month-long assembly poll in Bihar, spread over six phases of polling starting October 21. Election Commission on Monday announced the schedule for the election.
Telenor investors say 'Quit India' as venture's losses pile up
Telenor investors say 'Quit India' as venture's losses pile upNine months after its debut in India, Telenor has accumulated $556 mn in operating losses.
100 affected due to chlorine gas leak in Rajkot
Nearly one hundred people were hospitalised following a chlorine gas leakage on Rajkot- Morbi high way, fire brigade sources said.
Amitabh Chaturvedi, CEO, Dhanalakshmi Bank
Dhanalakshmi Bank CEO Amitabh Chaturvedi says the capital spent on creating the bank's capacity will give him two and a half times the business this financial year.
Intas Pharma IPO to raise Rs 800 cr
Intas Pharma plans to raise Rs 750-800 cr through IPO that will help it raise fresh funds for acquisitions besides allowing PE investor ChrysCapital to partly exit.
Job Alert: Tour the world on Finnair, get paid for it
Finnair has begun a search for four 'Quality Hunters' whose task will be to travel to various destinations to investigate the elements that determine quality in travel.
Data from Chandrayaan mission to go public
Voluminous scientific data, including rare images of the moon, from India's maiden lunar mission Chandrayaan-1 will be made public by the year-end.
Fertiliser stocks in limelight, rise 11%
Fertiliser stocks including market leader Tata Chemicals and Chambal Fertilizers soared up to 11 per cent in the last seven days amid better-than-expected rains.
New flu virus in India likely from Australia
A virus that is new to the Indian shores could just be contributing to the current flu epidemic sweeping across the state
Photography growing in popularity
If you look around, the number of exhibitions that showcase photography are more than ever before.
XXL charity begins with Size Zero
Many upwardly mobile Indians are not just shedding the extra flab but giving away their now- oversized clothes to charity.
Airline stocks rally up to 5 pc on ATF price cut
Shares of airline companies rose as much as 5 per cent on the BSE, a day after state-owned oil firms reduced the Aviation Turbine Fuel (ATF) prices by 4 per cent.
Maintaining growth tempo tough for Pantaloon
Investors have been quite bullish on retail stocks like Pantaloon Retail, which in mid-July had touched a 52-week high of Rs 531.25.
Investors should hold on to EIH
The 14.1% stake sale by the promoters of East India Hotels to Reliance Industries came as a big surprise on Monday.
Greaves Cotton's outlook looks good
Over the past one year, the stock has gained nearly 160%, significantly outperforming Sensex, which rose nearly 15%.
Realty stocks ended mixed on profit booking
Real estate stocks on Monday ended mixed on the Bombay Stock Exchange after surging over 2 per cent in early trade as investors booked profits amid a volatile broader market.
Lanco Infratech: Project rollouts key to growth
The performance of Lanco Infratech stock has been very impressive this year.
Matthew Vallance, CEO & MD, Firstsource
Matthew Vallance, CEO & MD, Firstsource in an interview with ET said the way forward for the BPO firm is to focus on its areas of specialisation. He believes an offshore-only BPO model will not work.
James D Taiclet, Chairman, President, American Tower
James D Taiclet, chairman, president & chief executive of American Tower in an interview with ET said the company isn't looking at sky-rocketing tower numbers, but for return on investment per tower.
John Anderson, President & CEO, Levi Strauss & Co
John Anderson, President & CEO, Levi Strauss & Co who is on a visit to India to unveil Levi's Curve Id said in an ET interview that his company is planning to take its India sales' curve to a new high.
Vikram Kotak, CIO, Birla Sun Life
ET Now caught up with Vikram Kotak, CIO, Birla Sun Life Insurance, for his views on fund management in the current scenario. Excerpts:
Zhijian Wu, CEO, Woodsford Capital
Zhijian Wu, CEO of Singapore-based Woodsford Capital, believes that the high inflation figures will continue to hurt the Indian markets & feels the RBI has perhaps been too dovish in addressing the price issue.
The Economic Times
Strong Q1 nos, firm Asia keep Sensex in bull zone
Sensex rose for the second week in August, as it closed 0.5% higher on Friday, lifted by firm Asian stocks and led by gains in SBI.
'Big Daddy' laps up Cipla after Q1 nos beat forecast
Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate.
Old Fox has dream run on Dalal Street
The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day.
Cairn India hits record high on BSE amid stake sale talks
The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
Vedanta plunges 5.59% on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
SBI shares on gaining spree; hit record high
In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
Traders bet on calendar spread as Nifty moves in a tight range
A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.
Seven out of top 10 Asian small-cap funds are Indian
An analysis of 300 Asian small-cap schemes shows DSP BlackRock Micro Cap Fund leading the charge, delivering an 82% return over the past year.
Nifty may find support at 5300 level
As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.
Market may trade in a range, but FIIs seen sold on India
Market may see range-bound trading this week in the absence of any major trigger.
Inflation reflects growth dynamics in India: Christopher Wood
India has inflation and it reflects the fundamental growth, Christopher Wood, equity strategist, CLSA, said at ET Now Mkt Summit-2010.
Sadbhav Engg share issue approved
Sadbhav Engineering said its board has approved issuing 453.1 million equity shares on rights basis to existing shareholders at one share for every 20 held
Siemens Rolling Stock merging approved
Siemens Ltd said on Monday its board has approved merging a unit, Siemens Rolling Stock Pvt Ltd, with itself.
Reliance Comm shares up more than 1 pct
Shares in Reliance Communications rose more than 1 per cent on expectations of a stake sale in India's No 2 mobile operator.
FM must rethink
TT Ram Mohan has rightly suggested that the tax-GDP ratio measures structural improvement. The FM must rethink his medium-term debtto-GDP target.
Amalgamate banks
Financial inclusion and financial literacy will be the paramount objective while implementing reforms along with UID project to protect the interests of poor.
Managing data
This refers to your edit ‘A welcome quest’ (ET, Oct 8). It is imperative to have a strong database.
Right technology
Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation.
Realty focussed PE fund raising skids 61% to $17 bn till May
Fund raising by real estate sector focussed private equity funds have declined 61 per cent to USD 17 billion till May this year, as investors turned cautious while making new investment commitments.
Rate cut: Will banks lend more?
The RBI recently cut interest rates by 50 bps, primarily looking at concerns over lingering global economic slowdown and worsening domestic economic situation.
Will Slumdog benefit Bollywood?
Slumdog Millionaire in a curious way, reproduces a similar paradigm of colonial (now neo-colonial) extraction and dismantling, this time not of agriculture, but of culture.
Mandatory cost audit: Do we need it?
Recent happenings have shown that a governance structure should also support an organisation’s efforts to improve performance.
Ban the Big Four accounting firms?
The multinational accounting firms (MAFs) signified by the Big Four entered through alternative route of consultancy under RBI permissions and gradually exploiting the loopholes in laws, started performing audit and accounting functions.
Do we need more stimulus packages?
Does India need another stimulus package, or should the focus be on implementation?
Will the new FDI norms be onerous?
Are there still areas left unexplained in the new FDI norms?
Prabhudas Lilladher has a reduce rating on Infosys
Prabhudas Lilladher has a ‘reduce’ rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term.
Fin Crisis: Too late and too little done in US
A crisis of $240 trillion cannot be stemmed with bailout packages of $1 to $10 trillion. 2008: Year of global financial crisis | Survive credit crisis | Ghosts of 1929
Weak rupee takes its toll on cos with huge foreign debt
The falling rupee will severely affect the small companies, whereas the big ones will be impacted moderately. Get rid of Debt | Adopt correct investment strategies
Wait for more signals before turning positive
At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally.
Six Indian cos among BusinessWeek's top 100 Infotech firms
BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula