Bank of India wins-IBA Banking Technology Award 2009 for Best Business Enablement Initiative
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Greece wants speculative curbs to beat crisis

Greece wants speculative curbs to beat crisisGreece urged backing for a ban on short selling by investors of securities they do not own, as it inflated debt costs. Top gainers, losers & recos | Greece financial crisis

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India-born Sanjay Jha top paid CEO in US: Survey

India-born Sanjay Jha top paid CEO in US: SurveyWith a total payout of $104 mn in 2008, Motorola's Sanjay Jha is the only CEO to get a compensation package exceeding $100 mn. How NRIs can maximise savings

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Aditya Birla Minacs acquires UK-based BPO company

Aditya Birla Minacs acquires UK-based BPO companyAditya Birla Minacs buys UK's Compass BPO, a leading pure-play end-to-end Finance and Accounting services provider. Latest at Infy, Wipro and TCS | India's Top 10 BPOs

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H-1B applications to be accepted from April one

H-1B applications to be accepted from April oneThe US will start accepting the applications for H-1B visas, most sought after by Indians, from April one for the fiscal 2011. How NRIs can maximise savings

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Class-action lawsuits could cost Toyota $3 bn

Class-action lawsuits could cost Toyota $3 bnToyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet. Top gainers, losers & recos | Toyota Recall: Full Coverage

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Delhi 3rd in terms of per capita income, Chandigarh 1st

Delhi 3rd in terms of per capita income, Chandigarh 1stThe per capita income in Delhi saw an increase of Rs 8,452 over 2006-07 figures at current prices. World's top 20 countries | India's Top 10 cities in terms of devt

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Rajya Sabha passes Women's Reservation Bill

Rajya Sabha passes Women's Reservation BillThe controversial Women's Reservation Bill was passed in the Rajya Sabha on Tuesday. Protest over Women's Bill in Parliament | | Women's Bill: Full Coverage

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NMDC issue to get poor response: Analysts

NMDC issue to get poor response: AnalystsFollow-on public issue from NMDC could be a showdown of the govt's stake sale programme once again. Top gainers, losers & recommendations

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TMC likely to abstain from voting on Women's Bill

TMC likely to abstain from voting on Women's BillMamata Banerjee said Prime Minister had given her party the understanding that there will be an all-party meeting on the issue. Protest over Women's Bill in Parliament

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Govt gives discount of 13-25% on NMDC FPO

Govt gives discount of 13-25% on NMDC FPOGovt panel set a price band of Rs 300 to Rs 350 for the FPO in NMDC, a discount of 13-25% to Monday's closing price. Top gainers, losers & recommendations

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Wall St higher on rebound anniversary

Wall Street stocks posted modest gains amid cautious trading on the one-year anniversary of the beginning of the market's rebound from its lows last year.

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IPO: Retail investors outsmart QIBs

Among the last 20 IPOs since mid-October 2009, there were nine issues that were fully subscribed by retail investors.

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Re depreciates from 2-mth high vs $

The rupee depreciated, after six days of gains, on speculation that importers will purchase dollars to pay for shipments, taking advantage of the local currency’s advance to a two-month high this week.

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Sensex down 50 pts on global cues

The Bombay Stock Exchange (BSE) Sensitive Index dropped 0.3% on Tuesday, mirroring weak global markets, with Reliance Industries (RIL) and Tata Motors leading the decline.

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Nifty sees resistance at higher levels

Nifty continued to face resistance in the 5100-5150 range. Nifty futures saw a marginal open interest (OI) addition of 1.26 lakh shares, with futures continuing to trade at a discount of over 4 points to the index.

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Small investors' stock appetite fading

Retail investors’ appetite for equities has not kept pace with rising per capita income, as is evident from the trend in retail shareholding over the past few years.

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Post PSU issue no govt stake sale for 1yr

The government will not be able to further reduce its equity stakes in state-owned NMDC, Satluj Jal Vidyut Nigam, Manganese Ore India, Hindustan Copper and MMTC for one year following their proposed public offers.

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'Inflation to come down by April'

Chief economic advisor Kaushik Basu on Tuesday said inflation would cool down by April following good agricultural production.

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Bulk of govt borrowing in H1: Montek

The government plans to carry out bulk of its targeted borrowing for fiscal 2010-11 in the first six months, the country’s top policy adviser has said.

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Transaction rules with states to change

The Union government will initiate a series of changes in the way its transactions with states are recorded as it looks to meet stringent deficit targets over the next two years.

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Long-term capital gains in DTC regime

The government is likely to maintain the distinction between short term and long-term capital gains to encourage long-term savings, as it deliberates the draft direct taxes code.

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Govt to borrow more from mkt in 2011

The government will raise by September more than half of its record $100 billion planned borrowing for the financial year that begins on April 1.

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Cisco unveils super-fast net hardware

Cisco Systems unveiled super-fast Internet hardware to boost US competitiveness and bolster economic recovery by moving mountains of data at astounding speeds.

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Google improves its translation tool

Google's quick rise to the top echelons of the translation business is a reminder of what can happen when Google unleashes its brute-force computing power on complex problems.

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Dassault inks 5-yr pact with BMW

Software firm Dassault Systèmes (DS) today said it has signed a five-year global agreement with German auto major BMW for providing solutions for design and manufacturing process planning.

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Sony to start selling 3D TVs in June

Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry.

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HCL, Motorola for radio connectivity

HCL and Motorola have inked an agreement to jointly bid for next-generation secured radio connectivity projects in India.

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Minacs acquires UK-based BPO firm

Aditya Birla Minacs buys UK's Compass BPO, a leading pure-play end-to-end Finance and Accounting services provider. Latest at Infy, Wipro and TCS | India's Top 10 BPOs

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China says committed to US debt

China, the world’s biggest holder of foreign exchange reserves, renewed its commitment to the US treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.

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3 drug makers eyeing Ratiopharm buy

The executives at some generic drug companies have a new catchphrase: There’s no place like Ulm. There’s no place like Ulm.

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New Senate plan may curb Fed reach

Several high-ranking members of the Senate Banking Committee have reached a tentative consensus on a plan that would strip the Federal Reserve of regulatory powers over all but the very largest banks.

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JPMorgan eyes China 'green IPO'

US Bank JPMorgan will expand its ‘new energy’ team in China to win more business from what it sees as a trend to increasingly popular “green IPOs”, its China chief said on Tuesday.

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US job openings up sharply in January

Job openings rose sharply earlier this year, a sign that employers might be preparing to step up hiring.

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Audi saves sees 2010 improvement

German luxury carmaker Audi contributed the bulk of Volkswagen's cash and earnings in 2009 and forecast better results this year as it launches a dozen new models, including the A1 subcompact.

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Rajya Sabha passes Women's Bill

The govt ensures passage of the Bill with the help of BJP, Left parties.

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Pak govt sponsored 26/11 attack

The neighbouring country's Army was also involved in the dastardly attack.

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Lawyer Anand tenders apology to SC

Anand was guilty of influencing course of justice in BMW hit-and-and-run case.

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Dirty dozen hold a House to ransom

Bill supporters watched their gameplan to pass the bill being torn to shreds.

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Women's Bill: BJP, Left ask for debate

BJP joins hands with Left, TDP; insists on discussion on the legislation.

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Car bomb attack in Lahore, 12 killed

Tehreek-e-Taliban claims responsibility but Islamabad blames RAW, Israel.

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Public issues make strong comeback

Despite the tepid response from retail investors to the mega NTPC follow-on public offer (FPO) in February, resources raised by companies from the domestic primary market have hit a new high during the month.

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Markets cheer Pranab's fiscal prudence

The positive undertone provided by the finance minister against the backdrop of commitment to fiscal prudence was cheered by markets.

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Indian ADRs gain $ 8 bn in a week

Indian stocks trading on American bourses together added $ 8 bn to their cumulative market capitalisation, with IT bellwether Infosys Technologies and private sector lender ICICI Bank accounting for $3 bn of the total gains.

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FII inflow in Indian stock mkts crosses $ 1bn mark in 2010

Betting big on the Indian equity markets, foreign fund houses have made a net investment of Rs 4,334 crore in the first week of March, taking their total inflow to Rs 5,051 crore or $ 1.11 bn so far this year.

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BSE Sensex posts best weekly gain in 2010

The BSE Sensex posted its best weekly gain in 2010 as it closed 0.1 per cent higher on Friday on positive global cues. Top gainers, losers & recommendations

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Chronicling India's stock for 50 years

ET gave BSE its first index in 1961. Comparing the scrips then and now tells the story of India Inc.

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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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NMDC plunges 9% on BSE ahead of FPO

Shares of NMDC fell sharply by nearly 9 per cent in early trade on the Bombay Stock Exchange, a day after the government fixed the price band at Rs 300-350 for the further public offer of the mining giant.

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SUUTI sells 9.4% in NSDL to NSE for $25 mn

The National Stock Exchange (NSE) on Monday said its stake in National Securities Depository (NSDL) has risen to 25.05% from 15.63%, after buying a 9.42% stake from the Specified Undertaking of the Unit Trust of India.

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Sulzer: A price worth paying for

Sulzer, which underperformed the Sensex over the past 12 months, has generated a return of 56% this month so far against the Sensex’s of 3.4%.

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Exide Industries launches $120 mn share sale

Exide Industries is selling up to 50 million shares at 107-108 rupees each to institutions to raise approximately $120 million, two sources with direct knowledge of the deal said.

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Strides Arcolab: Growth must for stock price rise

The acquisition of Campos facility in Brazil with relevant products and intellectual properties (IPs) is yet another positive development for Bangalore-based Strides Arcolab.

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Fidelity to sell 2% in MCX to Intel arm

The sale is in keeping with a government norm that restricts a single foreign investor’s shareholding in a commodity bourse to 5%.

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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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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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IPL: Rs 15-cr cover for Pollard

Forget Sachin, when it comes to clinching the highest-ever individual insurance cover for any cricketer in India, the West Indian all-rounder and Mumbai Indians player, Kieron Pollard, stands tall.

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M&M partners NBA for basketball league

The Mahindra group and the US National Basketball Association (NBA) on Tuesday announced a partnership to set up a basketball league for teenagers in India.

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Academy shows two faces at the Oscars

The Oscars telecast exposed an Academy of Motion Picture Arts and Sciences in full-fledged identity crisis. Almost everything about the ceremony was big and commercial; almost everything about the winners was small and arty.

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Kapil Dev inducted into ICC Hall of Fame

Former India captain Kapil Dev has been inducted into the International Cricket Council(ICC) Hall of Fame.

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Sachin most influential person in Indian sports

Batting maestro Sachin Tendulkar has been named as the most influential person in Indian sports in the annual Sports Illustrated Power list.

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Andrew Witty, CEO, GlaxoSmithkline

The world’s second-largest drugmaker GlaxoSmithkline (GSK) will bring down drug prices in India as part of a new strategy to tap lower-income consumers, CEO Andrew Witty told ET.

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Sudha Pillai, Secretary, Plan Panel

Sudha Pillai found some time to chat with ET on the expenditure budget.

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We're moving towards healthier refreshment: PepsiCo India

Punita Lal, India executive director (marketing) for beverages, PepsiCo spoke about challenges like higher pricing and keeping consumers engaged, as the season kicks in.

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Tim Lee, President, General Motors

Tim Lee, President, General Motors believes that the creating value for customers in terms of price, reliability and durability and reestablishing the Chevrolet brand will be the key for the revival of the carmaker known for its big cars and SUVs.

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Kaushik Basu, Chief Economic Advisor to Finance Ministry

Chief Economic Advisor to the finance ministry, Kaushik Basu, talks on a variety of subjects such as inflation, subsidies and capital flows in an exclusive interaction with ET.

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Alroy Lobo, Chief Strategist & Global Head-Equities, Kotak Asset Management

In an interview with ET, Kotak Asset’s Alroy Lobo says from September, investor focus will shift to issues like direct tax code and the move to international financial reporting standards. restricting market to a narrow range.

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Bank of Rajasthan shares crash 7%

Shares of Bank of Rajasthan fell 7% in heavy trade on Tuesday after a SEBI order late on Monday evening barred the major shareholders of the private bank and a few group companies from dealing in market till further notice.

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Citigroup picks up 0.97pc of Daimler stake in Tata Motors

Foreign fund house Citigroup Global Markets Mauritius on Tuesday bought 0.97 per cent stake in Tata Motors for Rs 350.13 crore through open market transaction-- as part of the 5.34 per cent residual stake that Dailmer sold in the country's largest automaker.

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India Cements to raise over $65 million via QIP issue

The QIP issue of India Cements ( ICL), launched late on Monday, is said to have a received good response from institutional investors.

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Tata Motors falls 3pc as Daimler exits with a discount

The shares of Tata Motors on Tuesday declined over 3 per cent as German carmaker Daimler sold its residual 5.34 per cent stake in the country's largest auto maker for over Rs 1,900 crore at a discount of 5-7 per cent.

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ADAG cos hike stake in Fame to 13.8 pc

Anil Ambani Group firm Reliance Capital Partners said on Tuesday that it along with two other group companies has acquired an additional 4,081 equity shares representing 0.01 per cent stake in Fame India.

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Daimler sells entire stake in Tata Motors; stock down 3 pc

Shares of Tata Motors took a hit on Tuesday amid reports that German automaker Daimler has sold its entire stake in the company.

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Bank of Rajasthan shares crash 7%

Shares of Bank of Rajasthan fell 7% in heavy trade on Tuesday after a SEBI order late on Monday evening barred the major shareholders of the private bank and a few group companies from dealing in market till further notice.

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NMDC valuation may take another hit post-FPO

NMDC valuations may take a further knock once the floating stock increases after the FPO.

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Shree Cement an ideal pick for long term

Shree Cement trades at nearly 7.8 times on a trailing four-quarter basis and investor’s could consider this stock on a long-term basis.

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Manappuram Fin has potential to outperform

If Manappuram General Finance and Leasing continues to power ahead at the speed at which it has grown in the current fiscal, it can outperform the Nifty even, going forward.

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Tata Motors falls 3pc on Daimler exit

The shares of Tata Motors on Tuesday declined over 3 per cent as German carmaker Daimler sold its residual 5.34 per cent stake in the country's largest auto maker for over Rs 1,900 crore at a discount of 5-7 per cent.

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ADAG cos hike stake in Fame to 13.8 pc

Anil Ambani Group firm Reliance Capital Partners said on Tuesday that it along with two other group companies has acquired an additional 4,081 equity shares representing 0.01 per cent stake in Fame India.

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Rajya Sabha passes Women's Reservation Bill

After a day of high drama that saw Rajya Sabha swarm with over hundred marshals called in to bundle out 7 MPs blocking proceedings, the House recorded a historic vote in favour of a bill providing for 33% reservation for women in Parliament and assemblies.

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Sonia Gandhi gambled big, pushed hard

As the opponents of the women's bill upped the ante, Sonia Gandhi did not allow herself to be swayed by the threat to the government. "Having come so far, going back is simply not an option for us," she is learnt to have told her colleagues.

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Centre willing to revisit tourist visa guidelines

The government on Tuesday said it was ready to revisit the new guidelines issued for granting tourist and conference visas if there were genuine grievances.

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India okays Copenhagen Accord, with riders

After three months of intense churning within the government, India on Tuesday allowed a conditional association of its name with the Copenhagen Accord.

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CIA warns India, Brazil of al-Qaida threats

The CIA on Tuesday warned India and Brazil of 'emerging threats' from al-Qaida and Taliban, though the terror outfits are 'on the run' due to extreme pressure exerted on them in Afghanistan and Pakistan.

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IIM-C grad bags Rs 1.6cr offer

Indian Institute of Management-Calcutta (IIM-C) has turned out to be the first choice of recruiters with the best pay packets in this year's campus placements.

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Osmania student commits suicide for Telangana

Desperate over the delay in formation of a Telangana state, another Osmania University student committed suicide on Tuesday. Sai Kumar, a B Tech student, ended his life by hanging in his hostel room.

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How cool are you?

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I have never done anything original: SRK

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Raja Chaudhary caught cheating on camera!

The infamous Raja Choudhary has been caught making an indecent proposal … this time, on camera, as he flirted with two decoys from the television show Emotional Atyachar!

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Anita Dongre says its for eternity

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Women's Day: Love the way we are!

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Dimpy wants Rahul Mahajan to join politics

Dimpy Ganguly, who married Rahul Mahajan on a highly-watched and much talked about reality show, wants her husband to pursue a political career like his late father, Pramod Mahajan, rather than be in show business.

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SRK cares a damn!

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Women's Bill row: 7 MPs suspended in Rajya Sabha

Seven MPs belonging to SP, RJD and LJP were suspended for unruly behaviour and disrupting proceedings in the Rajya Sabha over the Women's Reservation Bill. Both Houses are being adjourned repeatedly.

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Rahul promised me a massage: Dimpy

Just like the one her hubby had given Payal Rohatgi on another reality show. Newly-wed Dimpy Ganguly-Mahajan tells TOI that she didn’t need Maureen Wadia’s permission to marry Rahul.

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Pak govt sponsored 26/11 attack: Prosecution

Alleging that Pak government sponsored the Mumbai terror attacks, the prosecution on Tuesday opened its final arguments in the case saying the neighbouring country's Army was also involved in the 26/11 attack.

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Hockey World Cup: India draw South Africa 3-3

Shivendra Singh scored four minutes before the hooter to clinch an equaliser as India held South Africa 3-3 in their last pool B encounter of the World Cup.

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