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The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Copyright: Copyright:(C)Wed 26 Apr 2017, 19:28:182017Wed 26 Apr 2017, 19:28:18 Bennett Coleman & Co. Ltd,

India's Rs 2,500 an hour aam aadmi flight takes off tomorrow

Wed, 26 Apr 2017 11:35:13 GMT

India's Rs 2,500 an hour aam aadmi flight takes off tomorrowModi will flag off the first UDAN flight on the Shimla-Delhi route. He will also flag off the inaugural flights on Kadapa–Hyderabad and Nanded-Hyderabad routes.

No u-turns, no side entry: 20,000 km of highways will go high-speed soon

Wed, 26 Apr 2017 13:02:54 GMT

No u-turns, no side entry: 20,000 km of highways will go high-speed soonThis project, which also includes expanding the identified stretches to at least four lanes under Bharatmala scheme, will cost around Rs 3.85 lakh crore.

After Delhi drubbing, what will Kejriwal do? 4 options for failing AAP chief

Wed, 26 Apr 2017 08:58:09 GMT

After Delhi drubbing, what will Kejriwal do? 4 options for failing AAP chiefKejriwal has squandered his hard-earned political capital through mismanagement, hypocrisy and hubris. His fall from grace is almost complete now.

Jadhav case: India hands over mother's appeal to Pak

Wed, 26 Apr 2017 13:27:20 GMT

Jadhav case: India hands over mother's appeal to PakThe appeal on behalf of Jadhav was given to Pakistan's Foreign Secretary by Indian High Commissioner, who also handed over a petition by Jadhav's mother seeking the Pakistan government's intervention for his release.

Hospitals can't hostage patients for unpaid bills: HC

Wed, 26 Apr 2017 13:02:10 GMT

Hospitals can't hostage patients for unpaid bills: HCDenouncing this "modus operandi" of withholding custody of patients, a bench of Justices Vipin Sanghi and Deepa Sharma said if the bills are not paid, then release the patient.

Govt to give 1L houses worth Rs 4K cr for urban poor

Wed, 26 Apr 2017 12:56:26 GMT

Govt to give 1L houses worth Rs 4K cr for urban poorIn the latest round of sanctions, BJP-ruled Madhya Pradesh got the highest number of 57,131 houses followed by Tamil Nadu, where 24,576 affordable houses got the Centre's nod.

After Assam, BJP gears up to win Tripura & Bengal

Wed, 26 Apr 2017 13:01:13 GMT

After Assam, BJP gears up to win Tripura & BengalBJP top command in Delhi is sending their leaders to meet intellectuals in these states and persuade them to work for the party.

Court sends Prajapati to custody in separate case 

Wed, 26 Apr 2017 12:31:13 GMT

Court sends Prajapati to custody in separate case Police initially did not take action claiming that it was a false case intending to malign the minister. But, subsequently, it was reopened.

TTV Dhinakaran sent to 5 days police custody

Wed, 26 Apr 2017 12:23:30 GMT

TTV Dhinakaran sent to 5 days police custodyAccording to information gathered from lawyers who were inside the court, the police had sought seven-day custodial interrogation of Dhinakaran and Mallikarjuna.

Pak denies India consular access to Jadhav

Tue, 25 Apr 2017 08:58:03 GMT

Pak denies India consular access to JadhavPakistan has denied India's request for consular access to 46-year-old Jadhav over a dozen times in the last one year.

Boeing profits jump but commercial air deliveries fall

Wed, 26 Apr 2017 13:41:48 GMT

Boeing modestly increased its full-year profit forecast by 10 cents a share to a range of $10.35 to $10.55, citing a lower-than-expected tax rate.

P&G profit falls on strong dollar, slow consumer spending

Wed, 26 Apr 2017 13:29:22 GMT

P&G's adjusted earnings of 96 cents per share, however, beat Wall Street estimates by 2 cents even as quarterly net sales came in below expectations.

Twitter posts strong user growth, shares soar

Wed, 26 Apr 2017 13:10:42 GMT

Twitter said daily active users rose 14 percent in the first quarter from a year ago. Twitter does not disclose the number of total daily active users.

 KKR to buy Hitachi unit valued at $2.3 billion

Wed, 26 Apr 2017 12:11:37 GMT

After completing the acquisition of Hitachi Kokusai Electric , KKR will spin off the chip-making equipment unit, retaining 100 percent ownership of that business.

China comes to Pakistan's rescue with $1.2 billion loan

Wed, 26 Apr 2017 12:08:46 GMT

State-backed Chinese banks have come to Pakistan's rescue twice already -- a $900 million loan in 2016 and $300 million in 2017, Samaa TV quoted officials as saying.

China Southern Airlines to buy 20 Airbus jets for close to $6 billion

Wed, 26 Apr 2017 12:06:50 GMT

China's largest airline by passenger numbers has agreed to buy 20 A350-900 jets, each with a price tag of $298.9 million, it said in a stock exchange filing.

Farfetch's retail store of the future looks like the Internet

Wed, 26 Apr 2017 13:18:34 GMT

Farfetch showed a scanner for customers to "log in" with their smartphones when they enter a store, allowing sales assistants to view customers' profiles.

CSS Corp opens second delivery centre in Bengaluru

Tue, 25 Apr 2017 23:16:50 GMT

CSS Corp and Interface recently partnered to create and deliver an next generation managed IP based technology enabled solutions for networking, security.

Union minister P P Chaudhary lays emphasis on cyber security

Wed, 26 Apr 2017 11:43:07 GMT

Chaudhary said that the Narendra Modi government had set a target to take high speed Internet service to the people's door step as part of Digital India vision by 2018.

India to play 'crucial role' in WhatsApp's business solutions

Wed, 26 Apr 2017 10:45:54 GMT

WhatsApp does not intend to introduce any third-party ads, but it is looking to monetise itself. Working with businesses could be a step in that direction.

Bitcoins feeding online crime wave: F-Secure Cyber Security 2017 report

Tue, 25 Apr 2017 21:35:34 GMT

Chinese companies have made considerable investments into the vast server farms needed to mine the digital currency.

Governments spends less on digital initiatives than the private sector: Gartner Report 

Wed, 26 Apr 2017 09:30:52 GMT

The report pointed out that while private sector CIOs spend 33% of their IT budget, government CIOs spend only 21 % of their budget on Digital Initiatives.

FM must rethink

Fri, 05 Mar 2010 00:02:47 GMT

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

Fri, 05 Mar 2010 00:01:28 GMT

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

Mon, 12 Oct 2009 21:10:52 GMT

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

Right technology

Mon, 12 Oct 2009 21:09:54 GMT

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.

South Asia to get normal monsoon, says SASCOF forecast

Tue, 25 Apr 2017 23:22:57 GMT

"The outlook suggests that during the 2017 southwest monsoon season (June – September), normal rainfall is most likely over much of South Asia."

Policy to prefer locally-made goods in government buying on anvil

Wed, 26 Apr 2017 11:45:08 GMT

Similar policies exist in several economies, including the US. Because of this reason, many Indian pharmaceutical companies have set up their manufacturing bases in America.

PM Modi underlines consolidated approach to complete infrastructure projects

Tue, 25 Apr 2017 21:38:55 GMT

For this, Modi emphasised on use of space technology in addition to the technologies already being used, such as the "Meri Sadak" (my road) App.

NITI distances itself from Debroy's view on taxing agricultural income

Wed, 26 Apr 2017 08:54:38 GMT

"On expanding the base on the personal income tax side, other than elimination of exemptions, is to also tax rural sector, including agriculture income above certain threshold," Debroy had said.

No plan to impose any tax on agricultural income: Arun Jaitley

Tue, 25 Apr 2017 19:16:33 GMT

"I categorically state that the Central government has no plan to impose any tax on agriculture income," Jaitley said in a tweet.

No inherent objection to free trade agreement with India: US

Wed, 26 Apr 2017 07:38:46 GMT

The US-India bilateral trade relationship is far away from FTA. In the previous Obama administration, the two countries talked about a bilateral investment treaty.

ETMarkets After Hours: Over 130 stocks@52-wk high, realty cracks

Wed, 26 Apr 2017 10:46:26 GMT

More than 130 counters hit new 52-week high on NSE on Wednesday.

Sensex hits 30K, but no acchhe din for sin stocks under Modi govt

Wed, 26 Apr 2017 08:53:02 GMT

India’s top-three tobacco and liquor stocks have been underperforming since 2014.

Market Moguls: Here's how to maximise returns in equity market

Wed, 26 Apr 2017 07:13:49 GMT

Pole-vaulters change investing positions relatively frequently based on their view of the mkt.

3 pure value buys in a rallying market: Sana Sec

Wed, 26 Apr 2017 11:21:42 GMT

The three stocks are buy pure value going forward from here, says Sharma.

Still long on select chemical, plastics: Deepak Shenoy

Wed, 26 Apr 2017 10:53:16 GMT

Most chemical cos are seeing a rerating because business has started to improve substantially.

2 wealth creation ideas from IDBI Capital

Wed, 26 Apr 2017 09:53:42 GMT

For Cyient, expect the momentum to continue for next two years

Traders bet on calendar spread as Nifty moves in a tight range

Thu, 12 Aug 2010 20:55:54 GMT

A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.

Nifty may find support at 5300 level

Wed, 11 Aug 2010 20:52:06 GMT

As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.

Seven out of top 10 Asian small-cap funds are Indian

Thu, 12 Aug 2010 05:20:58 GMT

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.

Inflation reflects growth dynamics in India: Christopher Wood

Sun, 08 Aug 2010 14:02:56 GMT

India has inflation and it reflects the fundamental growth, Christopher Wood, equity strategist, CLSA, said at ET Now Mkt Summit-2010.

Market may trade in a range, but FIIs seen sold on India

Sun, 08 Aug 2010 19:35:47 GMT

Market may see range-bound trading this week in the absence of any major trigger.

'Don't bank only on price-to-earning ratio'

Sun, 08 Aug 2010 22:25:00 GMT

Many experts believe that looking at PE ratio in isolation won’t help investors grasp realities of the mkt and higher valuation may not be the only deciding factor driving mkt.

Every decision of government needn’t be a big reform: Anand Mahindra

Sun, 01 Jun 2014 22:30:07 GMT

"The fact that we are the world’s largest democracy and we are all aware that power and a role in global affairs for a nation comes from economic strength."

Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador

Tue, 03 Jun 2014 00:04:35 GMT

Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various European countries to a quiet lunch with Modi at the capital last year.

Confidence level of industry improving: KV Kamath, ICICI Bank

Mon, 02 Jun 2014 08:57:23 GMT

"It is the collective wisdom of the marketplace that there is action and we will move with speed. That improves the confidence level of industry."

We may see rapid growth over the next few years: Raamdeo Agrawal

Mon, 02 Jun 2014 02:30:11 GMT

Directives from the Centre have to be executed at the state level. So, there are many things that are not in Modi’s hands, says Raamdeo Agrawal.

Our commitment for press freedom, and autonomy of public broadcast is absolute: Prakash Javadekar

Fri, 30 May 2014 22:30:25 GMT

"Now there is a stage three and stage four of digitisation, we will take a call on this only after taking all things into account."

There is a leadership vacuum in Infosys, time to get Nandan Nilekani back: Mohandas Pai

Thu, 29 May 2014 07:10:06 GMT

"There is a leadership vacuum in the company, because they made the wrong choice of CEO three years ago and that is playing out right now."

Alfa raises delisting price to Rs 2,850 a share

Tue, 10 Jan 2012 12:19:11 GMT

Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.

DB Realty, Unitech stocks rose

Tue, 29 Nov 2011 22:25:23 GMT

The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.

Fitch withdraws Reliance Capital ratings

Thu, 20 Oct 2011 15:30:11 GMT

Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.

'Discoms' poor fin health poses risks for traders'

Thu, 20 Oct 2011 14:32:51 GMT

The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.

Cigarette cos shares outperform benchmark Sensex

Mon, 18 Jul 2011 20:05:28 GMT

Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.

Lovable Lingerie's dream run on as traders lap it up

Fri, 17 Jun 2011 18:55:28 GMT

Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.

After the Oscars, what's next for silent stars of The Artist?

Tue, 28 Feb 2012 19:12:07 GMT

The team behind The Artist will have spent the first day of the rest of their lives conforming to the grandest, and most lucrative, of Hollywood traditions.

Delhi World Book fair: A fair like no other

Sat, 25 Feb 2012 02:08:37 GMT

It's the World Book fair, which comes around once every two years sprawling across the giant halls of Pragati Maidan. This is the fair's 20th edition.

Indian gift makes its way to State Department exhibition

Fri, 24 Feb 2012 08:09:49 GMT

An elephant figurine gifted by the then HM LK Advani to US Secretary of State Colin Powell in 2002, has made its way to the State Department hall.

IMD to use dynamic models for forecasts

Tue, 21 Feb 2012 20:49:54 GMT

Statistical models used by IMD will still be used for monsoon forecast, but the ministry of earth sciences is putting more emphasis on dynamic models.

Docs reveal contents of first wire msg between India & Eng

Tue, 21 Feb 2012 09:49:25 GMT

Newly discovered documents have revealed the first telegraph messages and joy when England was linked for the first time with India on 23 June, 1870.

Worried Amitabh Bachchan fans pray to Lord Shiva for his recovery

Mon, 20 Feb 2012 10:57:34 GMT

Hundreds of worried fans of ailing Bollywood megastar Amitabh Bachchan today performed a yagna here to pray for his speedy recovery.

'Big Daddy' laps up Cipla after Q1 nos beat forecast

Fri, 13 Aug 2010 22:05:24 GMT

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

Fri, 13 Aug 2010 21:56:46 GMT

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

Fri, 13 Aug 2010 14:41:07 GMT

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

Fri, 13 Aug 2010 13:56:27 GMT

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

Fri, 13 Aug 2010 13:17:42 GMT

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.

Gangster involved in Nabha jailbreak arrested

Wed, 26 Apr 2017 13:34:56 GMT

Sukhchain Singh alias Sukhi was an accomplice of Gurpreet Singh Sekhon, the mastermind of the 2016 jailbreak.

Hospitals can't hold patients hostage for unpaid bills: Delhi High Court

Wed, 26 Apr 2017 13:02:10 GMT

Denouncing this "modus operandi" of withholding custody of patients, a bench of Justices Vipin Sanghi and Deepa Sharma said if the bills are not paid, then release the patient.

After winning Assam, BJP gears up to win Tripura and Bengal polls

Wed, 26 Apr 2017 13:01:13 GMT

BJP top command in Delhi is sending their leaders to meet intellectuals in these states and persuade them to work for the party.

Arvind Kejriwal congratulates BJP, assures support for 'betterment of Delhi'

Wed, 26 Apr 2017 12:30:46 GMT

The Aam Aadmi Party was a distant second having won 35 seats and leading in 16, while the Congress had won only 22 seats and was leading in 4.

Poll symbol case: AIADMK leader T T V Dhinakaran sent to 5 days police custody

Wed, 26 Apr 2017 12:23:30 GMT

According to information gathered from lawyers who were inside the court, the police had sought seven-day custodial interrogation of Dhinakaran and Mallikarjuna.

Court discharges Abhishek Verma in graft case

Tue, 25 Apr 2017 23:43:37 GMT

Special CBI Judge Anju Bajaj Chandna discharged Verma and his Romanian wife Anca Verma in a money laundering case filed by Enforcement Directorate.

ET Search

Tue, 06 Aug 2013 08:15:00 GMT

Rupee#CAD#Economic crisis#Food Bill

Opening Bell: Top cues that changed your market while you were sleeping

Wed, 19 Apr 2017 01:52:52 GMT

TCS, India’s largest technology firm by revenue, on Tuesday reported a 2.5 per cent sequential drop in net profit at Rs 6,608 crore for the quarter ended March 31, 2017.

Uber merging China ops with Didi in $35 bn deal

Mon, 01 Aug 2016 05:23:52 GMT

Uber will reportedly continue to operate its own app in China for now. Uber declined to comment on this to the publication.

Jinping under pressure for strong SC Sea response

Mon, 01 Aug 2016 04:41:32 GMT

Some elements within China's military are pushing for a stronger - potentially armed - response aimed at United States and its regional allies.

No government accommodation for former CMs: SC

Mon, 01 Aug 2016 05:48:00 GMT

The apex court also directed six former chief ministers of Uttar Pradesh to vacate government houses allotted to them.

Manufacturing PMI at 4 month high of 51.8 in July

Mon, 01 Aug 2016 05:49:49 GMT

The seasonally adjusted Nikkei India Manufacturing Purchasing Managers Index edged higher in July, at 51.8 compared with 51.7 in June.

Scooter's back, with new hero on road

Sun, 12 Jun 2016 05:20:10 GMT

Slowing rural demand after two rain deficit years might be weighing down Splendor's sales but Honda says there is more to these results than El Nino.

Prabhudas Lilladher has a reduce rating on Infosys

Fri, 05 Dec 2008 18:30:00 GMT

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

Thu, 04 Dec 2008 20:35:00 GMT

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

Wed, 01 Oct 2008 03:10:42 GMT

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

Sun, 27 Jul 2008 22:40:49 GMT

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

Wed, 02 Jul 2008 13:55:05 GMT

BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula

Indian firms slip in global ranking; four move out of Top-500

Sun, 29 Jun 2008 06:08:01 GMT

14 firms present in a new list of world's 500 most valued firms together seeing an erosion of about $150 billion in their market value in the first three months of this year.