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US stocks enjoy best day in 8 weeks

US stocks enjoy best day in 8 weeksThe Dow Jones industrial average rose 2.54 per cent, the Standard & Poor's 500 Index added 2.95 per cent, while the Nasdaq gained 2.97 per cent.

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Murthy's VC firm Catamaran eyes 7% in CARE

Murthy's VC firm Catamaran eyes 7% in CAREInfosys' chief mentor NR Narayana Murthy-backed venture capital firm Catamaran is in talks to buy 5-7% in rating agency Credit Analysis & Research (CARE).

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India's top 10 most trusted brands: BE Survey

India's top 10 most trusted brands: BE SurveyAs trust becomes a key differentiator in mkts, this definitive listing is a must for consumers.

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Brand Equity Survey: Check out India's Top 10 Most Trusted Brands

Brand Equity Survey: Check out India's Top 10 Most Trusted BrandsIn its tenth year, the study has thrown up a lot of surprises: look out for new entrants.

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Automakers report stellar sales figures for August

Automakers report stellar sales figures for AugustMaruti Suzuki reported its highest ever monthly sales of 23.6 percent for August at 104,791 units.

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Govt went wrong in calculating one of the GDP figures: Mospi

Govt went wrong in calculating one of the GDP figures: MospiThe mistake was in calculating a price deflator, which is used for converting nominal GDP into real GDP, explained an official.

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TCS arm wins 250 million pound UK contracts

TCS arm wins 250 million pound UK contractsTCS said its UK subsidiary Diligenta has won two life and pension contracts, totalling 250 mn pounds in revenue in the UK.

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Wall St trade surges on strong US, China data

Wall St trade surges on strong US, China dataWall St stocks soared on Wednesday after strong manufacturing data in US and China eased concerns over the state of global recovery.

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Apple takes wraps off new lineup of iPods

Apple takes wraps off new lineup of iPodsApple unveiled a snazzier line of its iPod, unveiling new designs for every model of the popular media device.

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Gold sets new record at Rs 19,405 on brisk buying

Gold sets new record at Rs 19,405 on brisk buyingMarketmen said that a sharp rise in demand from jewellers and stockists to meet the ensuing festival season demand boosted the uptrend.

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'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.

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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.

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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.

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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.

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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.

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US, Europe auto sales tumble as subsidies fade

Auto sales in US and Europe slumped in August, reflecting the end of government subsidies that had propped up demand.

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Blasts kill 18 in Lahore, over 100 hurt

Three bombs exploded at a Shi'ite procession in the Pakistani city of Lahore on Wednesday, killing at least 18 people and wounding over 100.

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Digvijay objects to PC's saffron terror remarks

Congress general secretary Digvijay Singh has now objected to his use of words "saffron terrorism".

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Saffron terror phrase not my patent: PC

Days after Congress party distanced itself from his remarks on saffron terror, Home Minister P Chidambaram today said the phrase brought home the message of right-wing terrorism and the purpose has been served.

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Victory for Mayawati, can rename Amethi

The Supreme Court vacated the Allahabad High Court's stay order on creation of Chatrapati Sahuji Maharaj Nagar district by renaming Amethi

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UPA leaders losing grip on government: BJP

The BJP charged the leaders of the ruling United Progressive Alliance (UPA) with losing their "grip" on the government

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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.

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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.

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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.

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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.

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Do we need more stimulus packages?

Does India need another stimulus package, or should the focus be on implementation?

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Will the new FDI norms be onerous?

Are there still areas left unexplained in the new FDI norms?

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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.

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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.

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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

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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

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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.

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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

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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.

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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

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Siemens Rolling Stock merging approved

Siemens Ltd said on Monday its board has approved merging a unit, Siemens Rolling Stock Pvt Ltd, with itself.

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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.

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Oil stocks fall after price hike deferred

Shares in state-run oil companies such as Oil and Natural Gas Corp Indian Oil Corp and Hindustan Petroleum Corp dropped between 2-6 per cent after a decision on raising fuel prices was deferred

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US manufacturing sector grew faster in August

An industry trade group says manufacturing companies grew faster in August as the US industrial sector continues to lead the recovery.

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US pvt sector unexpectedly cuts jobs in Aug

US private employers unexpectedly cut jobs in August, a report by a payrolls processor showed on Wednesday, delivering another blow to the already faltering economic recovery.

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Sony Ericsson targets China's smartphone mkt

Sony Ericsson said on Wednesday China would become its biggest handset market by volume in the next three to four years, as it moved to grab a bigger slice of the fast-growing smartphone market.

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SEC drops credit rating charges against Moody's

The US market regulator has dropped charges against credit rating agency Moody's, in a case involving erroneous ratings it gave to some debt securities because of a technical glitch.

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US home loan demand rises as rates hit new low

US mortgage applications for home purchasing and refinancing increased last week as interest rates hit a new low, a glimmer of hope for a housing market that has failed to find footing in the absence of government support.

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China warns fallout from US anti-dumping plans

Plans by the US to strengthen its anti-dumping regime will damage the global trade order, China's commerce ministry said

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Random surveys may have led to GDP errors: Pranab

The government is keeping its fingers crossed and hopes the economy will grow by 8.5-8.75% in the current fiscal as predicted in the Economic Survey.

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Manufacturing picks up in India and China

Surging domestic demand helped manufacturing growth in China and Russia pick up speed in August, according to business surveys on Wednesday that conversely showed a slowing recovery in European factories.

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World trade grows by 25 pc in 2nd quarter

World trade continued to rebound strongly in the first half of this year, rising by over a quarter from year-ago levels.

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FM for steps to recover Rs 38K cr tax arrears

Concerned over Rs 38,000 crore in tax revenue being locked up in legal disputes, Finance Minister Pranab Mukherjee on Wednesday asked the authorities to step up efforts to realise the taxes.

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India loses $65 bn pa due to poor logistics

A whopping $65 billion is lost every year on account of the inefficient supply-chain system in India and this despite the Indian retail sector being in the high-growth mode, a report said.

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India to quadruple industrial growth: Som Mittal

National Association of Software and Services Companies President Som Mittal on Wednesday said that India is likely to quadruple its industrial growth to 225 billion dollar by 2020.

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BlackBerry: India won't compromise on security

India will not compromise on its security and all telecommunication data-related companies will have to comply with its demands, Home Minister P Chidambaram said on Wednesday.

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Govt wants local servers for Google, Skype

The government on Wednesday said BlackBerry, Google, Skype and other communications providers must set up servers in India to allow security forces to intercept Internet data.

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TCS unit wins 250 mn pounds UK contracts

India's top software services firm Tata Consultancy Services Ltd said on Wednesday its UK subsidiary Diligenta has won two life and pension contracts totaling 250 million pounds in revenue in the United Kingdom.

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Microsoft seeks China internet search partner

Software giant is looking for a partner in China to help the company play a major role in China's internet search market

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Microsoft launches advertising platform in China

Microsoft hopes revenue from the pay-per-click ads will account for half of MSN China's business in the future

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Apple in tech world spotlight on Wednesday

Apple traditionally upgrades its iPod line in September to position the trend-setting portable devices for the year-end holiday shopping season.

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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.

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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.

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Managing data

This refers to your edit ‘A welcome quest’ (ET, Oct 8). It is imperative to have a strong database.

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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.

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US to release stamp on Mother Teresa on Sept 5

The US has decided to release a postage stamp in the honour of India's Nobel prize winner Mother Teresa on September 5, the US Postal Service has announced.

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Model Viveka suicide: Gautam Vora gets clean chit

The Khar police, probing the controversial death of model Viveka Babajee, has closed the investigation summarising it as a suicide. They have given clean chit to Gautam Vora and Kartik Jobanputra.

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Cancer battler Navratilova celebrated at US Open

The 53-year-old, one of the greats of women's tennis, has led a very public fight since being diagnosed with non-invasive breast cancer early this year

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'Peepli Live is not about farmers'

'Peepli Live' is a film about the insensitive middle class, the media, politicians, etc. Nowhere is it a film about farmers.

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7-yr-old Briton advises government on finances !

A seven-year-old maths prodigy, who became the youngest Briton to gain the top grade in GCSE maths, now advises the government on the country's finances.

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'Seaswarm' robots to clean up Gulf oil spill

The Seaswarm robot prototype is 16 feet long by 7 feet wide and weighs 35 pounds.

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Fortis plans to list on Singapore bourse

Fortis Healthcare is planning to list its shares on Singapore stock exchange and the shares of its pathology arm, Super Religare Laboratories, in India, says Fortis chairman Malvinder Singh.

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RBNL to raise Rs 400 crore via stake sale

Reliance Broadcast Network, on Wednesday announced that its board has approved raising over Rs 400 crore by selling equity shares to its founder and other investors.

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Rally in Bank Nifty futures may have run its course

The jump in activity in futures contracts of the Bank Nifty index since late June sparked by a rally in bank shares may be fizzling out.

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God may retain its superior edge

Among various asset classes, gold has enjoyed a bull run during the past decade, given the strong perception of it being a hedge against inflation and an economic downturn.

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Essar Shipping: Demerger will smoothen capital flow

Essar Shipping Ports & Logistics (ESPL) had recently announced a restructuring of its operations. This would help in greater management focus on its respective business lines.

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Forex gains give eClerx a headstart

The Mumbai-headquartered knowledge process outsourcing (KPO) company, eClerx, has performed well on bourses in the past one year.

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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.

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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.

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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.

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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:

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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.

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HS Goindi, President- Marketing, TVS Motor Ltd

In an interview with ET Now, HS Goindi, President- Marketing, TVS Motor Ltd, talks about the company’s production targets, input cost pressures and potential price hikes.

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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.

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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.

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Greaves Cotton's outlook looks good

Over the past one year, the stock has gained nearly 160%, significantly outperforming Sensex, which rose nearly 15%.

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Lanco Infratech: Project rollouts key to growth

The performance of Lanco Infratech stock has been very impressive this year.

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Wockhardt tumbles nearly 5% on BSE

Wockhardt on Thursday plunged nearly 5% on BSE amid media reports that rival Sun Pharma has opposed the settlement between Wockhardt and some creditors.

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Sesa Goa snaps early gains

Sesa Goa ended with loses on BSE, a day after a shareholder filed a petition in the Supreme Court to prevent it from buying a 20% stake in Cairn India.

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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.

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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.

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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.

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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.

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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.

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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.

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Gunman storms US Discovery channel HQ, holds hostages

A man upset with the Discovery Channel's environmental programming took several people hostage at gunpoint at the company's headquarters on Wednesday. Police were negotiating with the gunman.

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CWG: Only 1 week for full security drill

As Commonwealth Games venues are to be handed over to Delhi Police by Sept 7 — a delay of over one month — security agencies are now left with no choice but to finish the required 'drills' in just one week.

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Fly business class, but airline gets to pick destination!

Eight Chennai-bound business class passengers from Delhi almost flew to Hyderabad on Monday as they were put on the wrong plane! The mix-up, possibly the 1st involving so many flyers, happened at the IGI airport.

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Lahore suicide blasts: 30 killed, 250 injured

Three suicide bombs ripped through a Shia procession in Pak's cultural city of Lahore, killing at least 30 people and injuring 250 others. Tehrik-e-Taliban claimed responsibility for the blasts.

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LTA to enjoy tax exemption in new regime

The government may allow the Leave Travel Allowance (LTA) to be exempted from taxation once the Direct Tax Code (DTC) comes into effect.

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Goa beaches 'tarred'. Rogue ship to blame?

Goa's picture-postcard credentials have taken a severe beating with tar balls washing up on some of its popular beaches from Monday.

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In a Bangalore college, give exam through mobile

Students can now answer their question paper on mobile phones. And teachers can mark their attendance on that too. This is what Seshadripuram First Grade College, Yelahanka, in Bangalore told its students and teachers this year.

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Life and times of Mahatma just a click away

All you wanted to know about the Father of the Nation will now be a click away, thanks to a mega portal being planned by the government at a cost of Rs 8 crore.

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Apple unveils new iPods, cuts Apple TV price

Apple unveiled a refreshed line of iPods on Wednesday and slashed the price of the Apple TV box that streams television shows and movies over the Web to high-definition TV sets.

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My father is the greatest actor in B'wood: Abhishek

Abhishek Bachchan continues to retain his modesty, a quality that makes him really endearing.

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I'm open to dating: Kunal Kapoor

But he's not exactly pining for a mate, Kunal Kapoor tells us in a conversation...

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What attracts you to your ex

Is it the feeling of familiarity, the comfort zone or something abstract and mushy like true love’s call, that makes one get back with the ex?

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Ajay Devgn fined for smoking in public

Bollywood actor Ajay Devgn has been fined Rs.100 for smoking in the courtyard of a multiplex in Panaji,

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I was a sucker for Princess Diana: Tony Blair

The former British PM's long-awaited memoir, which went on sale, carries revelations on his alcohol use, interactions with the Queen, testy ties with Gordon Brown and admiration for Bush.

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Chidambaram stands by 'saffron terror' remark

Days after the Congress distanced itself from his saffron terror remarks, home minister P Chidambaram today said the phrase brought home the message of right-wing terrorism and the purpose has been served.

[Read More]


Pak officials knew about match-fixing: Veena

Veena Malik, ex-girlfriend of Mohammad Asif, said that all players and the PCB officials, from top to bottom, are involved in the match-fixing mess.

[Read More]


Cash pours out of burst pipe in Chennai

Early in the morning, a lorry laden with wood rams a pipeline and it bursts. Then, along with water currency notes come out gushing! Soon, rumours spread that money is pouring out of a pipeline and people from several places rush in to collect the notes.

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I will definitely get married: Sushmita

Sushmita has plans to tie the knot one day.

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