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The Economic Times

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

Copyright: Copyright:(C)Wed 07 Dec 2016, 01:48:092016Wed 07 Dec 2016, 01:48:09 Bennett Coleman & Co. Ltd,

Note this: The cash crunch shock to economy, jobs and key sectors

Tue, 06 Dec 2016 20:03:28 GMT

Note this: The cash crunch shock to economy, jobs and key sectorsDemonetisation torpedoed India’s economy just when it was getting into a cruise mode, fired by good monsoon-led rural demand and Seventh Pay Commission-enabled urban buying.

Looking to get away with unaccounted income? Beware, big data’s watching you

Tue, 06 Dec 2016 20:02:14 GMT

Looking to get away with unaccounted income? Beware, big data’s watching youWhile the govt has used big data analytical tools for corporate tax reporting in the past, this is the first time that it will use it on such a large scale.

New era dawns in TN: With Jaya gone, her long-time confidante Sasikala takes guard

Tue, 06 Dec 2016 19:56:19 GMT

New era dawns in TN: With Jaya gone, her long-time confidante Sasikala takes guardExperts, however, say that the fact that Sasikala took care of Jaya may only give her some space within the party, but that alone will not be enough.

Agrarian revolution: Price for rice directly into a/c

Tue, 06 Dec 2016 19:58:24 GMT

Agrarian revolution: Price for rice directly into a/cThe government will collect bank account numbers and IFSC codes from farmers while purchasing rice from them across the state.

2 Akali MLAs join Cong; Sidhu next, hints Capt

Tue, 06 Dec 2016 19:51:38 GMT

2 Akali MLAs join Cong; Sidhu next, hints CaptThe former Punjab CM said he does not think that Sidhu is interested in contesting the Amritsar Lok Sabha seat and is likely to campaign for the party.

Coverage: Jaya laid to rest next to mentor MGR

Tue, 06 Dec 2016 13:24:51 GMT

Coverage: Jaya laid to rest next to mentor MGR

Military tie-ups likely during Bangladesh PM’s visit

Tue, 06 Dec 2016 19:43:41 GMT

Military tie-ups likely during Bangladesh PM’s visitThe Bangladesh Navy chief is due to visit India from December 7, a week after the visit of India’s defence minister to Dhaka.

Maya correct, cash ban is emergency for BSP: Shah

Tue, 06 Dec 2016 19:35:50 GMT

Maya correct, cash ban is emergency for BSP: ShahShah, in particular, took a dig at BSP supremo Mayawati for her attack on the government dubbing demonetisation as financial emergency.

Managing caste, conflicts key to AIADMK's future

Tue, 06 Dec 2016 19:24:28 GMT

Managing caste, conflicts key to AIADMK's futureParty sources, who were privy to meetings held by party MLAs over the last few hours, said that although O Panneerselvam was elected unopposed.

Mehbooba slams Farooq for backing Hurriyat

Tue, 06 Dec 2016 19:25:40 GMT

Mehbooba slams Farooq for backing HurriyatThe chief minister said the National Conference was involved in criminal activities for the past five months since it did not want peace.

US seeks to reassure Beijing after Donald Trump’s Taiwan call

Tue, 06 Dec 2016 19:39:52 GMT

The policy has been in place for 40 years and is focused on promoting and preserving peace and stability in the strait separating China and Taiwan.

British PM Theresa May faces revolt over Brexit plans

Tue, 06 Dec 2016 19:36:55 GMT

Prime Minister has said is that she will trigger exit talks by the end of March, when she formally notifies the EU that UK is leaving the bloc, under Article 50 of the Lisbon treaty.

OPEC cut may end free in-flight drinks

Tue, 06 Dec 2016 19:34:34 GMT

Asian operators are also particularly vulnerable to rising fuel costs as their profit margins are about half those of their North American peers after competition pushed down fares.

In Washington pizzeria attack, fake news brought real guns

Tue, 06 Dec 2016 19:32:28 GMT

Welch drove about six hours on Sunday from his home to Comet Ping Pong to see the situation for himself, according to court documents.

Boeing says current Air Force One contract worth $170 million

Tue, 06 Dec 2016 17:24:07 GMT

Trump on Tuesday said costs for the new plane were expected to reach $4 billion and urged the government to cancel a contract with Boeing for the jet.

Longtime Lego CEO to be replaced next year

Tue, 06 Dec 2016 16:32:54 GMT

Lego said that 60-year-old Bali Padda will take over Jan. 1 from Joergen Vig Knudstorp, who will head up a new entity within the group.

Online smartphone sales dip 18% in Nov on note ban

Tue, 06 Dec 2016 19:29:15 GMT

Flipkart, Snapdeal and Amazon said that cashless transactions have at least doubled over October, raising their proportion compared to that of cash purchases during the month.

Global wearables market up by 3.1 per cent to 23 million units in Q3: IDC

Tue, 06 Dec 2016 18:56:58 GMT

Fitbit led the market with 23 per cent share, followed by Xiaomi (16.5 per cent), Garmin (5.7 per cent), Apple (4.9 per cent) and Samsung (4.5 per cent).

10 Consumer trends of the future: AI to rule

Tue, 06 Dec 2016 18:52:48 GMT

Artificial intelligence and virtual reality will get bigger as adoption of smart technologies accelerates, but people also risk being cocooned in silos.

Apple holds talks with Government on opening stores in India

Tue, 06 Dec 2016 19:30:00 GMT

Apple officials are believed to have sought clarity on the changes in mandatory domestic sourcing norms for single brand retail brought in earlier this year.

Mobile antivirus software sold most in 2016: Amazon

Tue, 06 Dec 2016 10:31:55 GMT

There was high demand for non-educational software from tier II and tier III cities, with Ahmedabad and Chandigarh topping the charts once again.

Web giants to cooperate on removal of extremist content

Tue, 06 Dec 2016 08:30:10 GMT

The European Union set up an EU Internet Forum last year bringing together the internet companies, interior ministers and the EU Counter-Terrorism Coordinator to find ways of removing extremist content.

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.

How demonetisation will impact top 12 sectors of economy

Tue, 06 Dec 2016 20:03:28 GMT

Demonetisation torpedoed India’s economy just when it was getting into a cruise mode, fired by good monsoon-led rural demand and Seventh Pay Commission-enabled urban buying.

Cash ban will help India in long run: Anil Agarwal

Tue, 06 Dec 2016 19:29:00 GMT

“Cash transactions always slow things down because you have to handle cash. But when you have a cashless business, your mindset is only on the business."

Cheque payments making farmers' lives more difficult

Tue, 06 Dec 2016 19:24:55 GMT

Farmers are worried about the new debt they are taking with interest rates as high as 36% to make sure they are able to plant and look after the new crop after demonetisation disrupted the cash-based village economy.

Ministry seeks Rs 48,000 crore for NREG Scheme next year

Tue, 06 Dec 2016 19:11:11 GMT

The government has so far allocated Rs 43,500 crore in the current financial year, one of the highest allocations made for the rural development programme.

Don’t waste the budget, make India feel good again

Tue, 06 Dec 2016 19:12:05 GMT

India can get back on track after demonetisation. But only if the government gets the message on making Indians feel good again.

Eastern expressway on Delhi border to be first to adopt gantry-based tolling

Tue, 06 Dec 2016 19:00:33 GMT

Under gantry-based tolling a fee will be deducted from a motorist’s prepaid account when the vehicle crosses an electronic beam stretching across the road.

Tech view: D-St on tenterhooks ahead of rate review; 8,179 key

Tue, 06 Dec 2016 11:30:38 GMT

The daily technical chart hinted that the bears were putting pressure on the index at higher levels, but buying at lower levels protected it from falling much.

Mapping the market: Banks inch up, no takers for FMCG stocks

Tue, 06 Dec 2016 11:11:31 GMT

Shares of the banks witnessed mixed trend ahead of RBI’s money policy review on Wednesday. The Nifty Bank index changed direction at least nine times during the session.

Waiting for RBI rate cut? Lock in some money in corporate FDs

Tue, 06 Dec 2016 07:33:30 GMT

Cumulative interest option normally generates better yields as the interest earned on the financial instrument gets reinvested at the same coupon rate.

FIIs invest 50 bn in bonds, but remain cautious

Tue, 06 Dec 2016 07:51:14 GMT

Based on our assessment of economic landscape, we suggest investors to consider equities for growth and selective credits maturing in 2-5 years for income.

Laurus Labs issue subscribed 28% on Day 1

Tue, 06 Dec 2016 14:26:22 GMT

The issue received bids for 62,09,420 shares as against 2,19,11,308 on offer, data available with the stock exchanges till 5 pm showed.

Gold tumbles to 6-month low, slips below Rs 29,000

Tue, 06 Dec 2016 09:26:20 GMT

Traders said sentiment was downbeat, largely in sync with a weak global trend, where gold closed at near 10-month lows as investors shrugged off the ongoing political turmoil in Italy.

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.

With Jayalalithaa gone, Sasikala Natarajan takes guard

Tue, 06 Dec 2016 19:56:19 GMT

Experts, however, say that the fact that Sasikala took care of Jaya may only give her some space within the party, but that alone will not be enough.

Cash seizures: Over 30 cases sent to CBI, ED post note ban

Tue, 06 Dec 2016 19:20:20 GMT

The Bengaluru investigation unit has sent the maximum 18 references to ED. These are cases where undisclosed cash in new high-denomination currency was seized by the department.

AIADMK will split; Sasikala will take over the reins: Swamy

Tue, 06 Dec 2016 17:07:27 GMT

The senior BJP leader said that Panneerselvam also has no base in the party nor does Sasikala possess any political "acumen".

Demonetization: Bengaluru tops list of ED cases

Tue, 06 Dec 2016 16:23:24 GMT

The Central Board of Direct Taxes (CBDT) has decided to refer such cases involving serious irregularities to ED and CBI to examine the criminal conduct aspect for necessary action.

Chief Justice TS Thakur recommends Justice Jagdish Singh Khehar as successor

Tue, 06 Dec 2016 16:25:03 GMT

Having done LL.B and LL.M from Punjab University, Chandigarh, Justice Khehar was awarded Gold Medal for securing first position in the university in LL.M examination.

Balance between judiciary, executive disturbed: Chidambaram

Tue, 06 Dec 2016 15:28:50 GMT

Earlier, speaking of judicial activism, he contended that courts have interpreted the Constitution "creatively" and given the judiciary enormous power.

ET Search

Tue, 06 Aug 2013 08:15:00 GMT

Rupee#CAD#Economic crisis#Food Bill

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.

PM Modi's two years have been 'Acche din' for India's space community

Sun, 12 Jun 2016 04:22:57 GMT

Since Modi took over, India's spaceship reached Mars, launch of India's mini space shuttle was a huge success, and ISRO started swadeshi sat-based navigation.

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.