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The Economic Times

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

Copyright: Copyright:(C)Wed 28 Sep 2016, 05:47:412016Wed 28 Sep 2016, 05:47:41 Bennett Coleman & Co. Ltd,

QIPs all set to make a Rs 12,000-crore comeback

Wed, 28 Sep 2016 00:05:53 GMT

QIPs all set to make a Rs 12,000-crore comebackHalf-a-dozen companies have raised about Rs 3,000 crore in September, three times what was generated in the first eight months of the year.

Retail therapy: Zero-cost EMIs to spark festive spree

Wed, 28 Sep 2016 00:05:00 GMT

Retail therapy: Zero-cost EMIs to spark festive spreeThe RBI barred banks from offering “zero percent EMI schemes” on credit cards in 2013, saying the interest payable was camouflaged and passed on to consumers.

Laser weapons at LoC may be part of future response to Pak challenge

Wed, 28 Sep 2016 00:05:25 GMT

Laser weapons at LoC may be part of future response to Pak challengeLaser technology has attracted plenty of defence research in the West, with military planners noting virtues such as precision targeting and low cost of usage.

Possible to meet april deadline for GST: Jaitley

Tue, 27 Sep 2016 23:50:28 GMT

Possible to meet april deadline for GST: JaitleyIn the last Parliament session, the government amended the Constitution to provide for uniform tax rates more than a decade after it was first proposed.

Army grappling with arms shortage, delays

Tue, 27 Sep 2016 20:16:31 GMT

Army grappling with arms shortage, delaysThe army needs basic items like assault rifles as well as high-end anti-aircraft missile systems. There are enormous delays in the acquisition processes for these.

Has Rahul ever used a khaat?: Sadhvi Niranjan

Tue, 27 Sep 2016 22:35:30 GMT

Has Rahul ever used a khaat?: Sadhvi NiranjanThe minister who has already begun campaigning with visits to Banda and Sultanpur last week said Rahul was making fun of the poor by holding khaat sabhas.

Voters won’t be influenced by caste: Kalraj Mishra

Tue, 27 Sep 2016 22:48:43 GMT

Voters won’t be influenced by caste: Kalraj MishraWe are gradually going ahead towards ache din, confidence and credibility is our biggest achievement, Barack Obama first said Modi is a man of action, he said.

Incensed India pulls out of SAARC Summit

Tue, 27 Sep 2016 20:02:53 GMT

Incensed India pulls out of SAARC SummitThe move is aimed at undermining Nawaz Sharif ’s stature and marks his country’s isolation in the region with other member nations rallying in support of India.

PDP stongly objects to fiddling with Indus treaty

Tue, 27 Sep 2016 19:38:18 GMT

PDP stongly objects to fiddling with Indus treatyAny abrogation of the treaty would set a precedent and we would be loath to see China follow on the Brahmaputra, where it is we who are downstream.

Citizenship Bill brings the foreigner debate in Assam

Tue, 27 Sep 2016 21:12:54 GMT

Citizenship Bill brings the foreigner debate in AssamFinance minister Himanta Biswa Sarma has, said India will have to accept Hindus forced to leave from different countries as they have 'no other place to go.

Switzerland notches up eighth straight win for global competitiveness: WEF

Tue, 27 Sep 2016 22:31:04 GMT

Singapore and the United States stayed in second and third place. The Netherlands overtook Germany for fourth place.

Microsoft inks global partnership with Workday

Tue, 27 Sep 2016 21:38:45 GMT

This strategic partnership will deliver integrations that mirror where and how people want to work across Microsoft Office 365 and Workday's finance and HR applications.

US presidential debate shows how divisive trade has become

Tue, 27 Sep 2016 21:34:57 GMT

In this angry election year, Americans are deeply skeptical of free trade, or hostile to it and this backlash threatens a pillar of US policy since World War II.

Elon Musk outlines plans to put humans on Mars

Tue, 27 Sep 2016 20:46:11 GMT

Though he said he envisions humans living in a large colony on Mars, he added that the key will be getting the cost down low enough to attract willing volunteers.

Microsoft teams with Bank of America on 'blockchain'

Tue, 27 Sep 2016 20:42:36 GMT

The companies said they will build and test frameworks for blockchain-powered exchanges between businesses and their customers and banks.

Facebook to appeal German order on WhatsApp data

Tue, 27 Sep 2016 20:40:14 GMT

The Hamburg Commissioner for Data Protection and Freedom of Information said Facebook was infringing data protection law.

GoDaddy offers affordable cloud servers to Indian SMBs

Tue, 27 Sep 2016 16:22:51 GMT

The US-based internet domain registrar and web hosting services firm manages a whopping 63-million domain names, making it the world's largest ICANN-accredited registrar.

Twitter India introduces live video interview series

Tue, 27 Sep 2016 16:19:07 GMT

Govindraj Ethiraj, veteran journalist and founder of PING Network, will roll out the first episode of this Periscope series titled #MegaBites.

Bus bay technology wins Infy Maker Award

Tue, 27 Sep 2016 06:10:15 GMT

Prasad's innovation won the Infy Maker Award, which awards Rs 5 lakh each to 20 innovators from across India for creating products that solve social issues.

Digital India, headed by Kris Gopalakrishnan submits report for transformation of the National Informatics Centre

Tue, 27 Sep 2016 04:21:52 GMT

The committee, which was headed by Infosys cofounder Kris Gopalakrishnan, was constituted in December last year, and made its recommendations to IT minister Ravi Shankar Prasad.

Samsung will sell only 'new' Galaxy Note 7 smartphones in India

Mon, 26 Sep 2016 20:56:04 GMT

Samsung is facing problems with its newly launched Galaxy Note 7 phones, after it discovered 35 cases of the phone catching fire when charged in several markets

Telecom players offering the moon in voice and data to counter R-Jio this Diwali

Mon, 26 Sep 2016 17:45:02 GMT

Not to be left behind, Airtel has come up with a special unlimited data offer for 90 days with a one time recharge of Rs 1,495 for its 4G users.

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.

India to invest $2 billion in Sri Lanka in next four years: Nirmala Sitharaman

Tue, 27 Sep 2016 14:51:49 GMT

"In the next two to four years, the total investment interests will rise to $2 billion," Sitharaman told reporters in Colombo at the end of her visit.

Government says its procurement helping pulses fetch better prices in mandis

Tue, 27 Sep 2016 13:41:26 GMT

Government agencies such as NACMF, Food Corporation of India and Small Farmers’ Agribusiness Consortium have started procurement of pulses.

Monetary policy panel to meet before October 4: Shaktikanta Das 

Tue, 27 Sep 2016 12:51:09 GMT

Last week, the government picked three low-key economists for Monetary Policy Committee. 

NHAI awards four laning of Lucknow-Sultanpur highway to Dilip Buildcon

Tue, 27 Sep 2016 12:40:16 GMT

The project will be executed on Hybrid Annuity mode and completed in 30 months from the date of commencement of the project.

Reliance Jio call drops due to its under-preparedness: Airtel

Tue, 27 Sep 2016 09:43:28 GMT

"It is important to note, that despite our best efforts, the POIs are still in the process of augmentation due to issues at your end," Airtel said.

Solid demand, milestone reforms to sustain India's growth: ADB

Tue, 27 Sep 2016 09:29:17 GMT

India recently adopted structural reform to attract more FDI and passed legislation to allow a national tax that will create a more integrated and productive economy, it added.

Sebi chief UK Sinha calls for common BRICS bond market

Tue, 27 Sep 2016 14:55:02 GMT

"BRICS countries have created NDB to foster a collective growth path and now time is ripe to think of sharing experiences in developing the bond markets"

Bonds end mixed, call rates turn lower

Tue, 27 Sep 2016 13:28:24 GMT

The overnight call money rates ended lower at 6.20 per cent from Monday's close at 6.54 per cent. It resumed higher at 6.55 per cent and moved in a range of 6.55 and 6.15 per cent.

Hudco raises Rs 1,300 crore via bonds

Tue, 27 Sep 2016 13:26:33 GMT

In market parlance, those securities are known as unsecured, redeemable, non-convertible bonds at lowest possible interest rates.

Nomura downgrades Emami to neutral from buy

Tue, 27 Sep 2016 12:47:16 GMT

Emami should be a key beneficiary of a pick up in rural consumption growth in the second half of FY17 due to its product portfolio, positioning, leadership.

Nifty50 makes ‘Small Bearish’ candle; stay short with stop loss at 8,820

Tue, 27 Sep 2016 11:33:22 GMT

A ‘Small Bearish’ candle is formed when the index trades lower, but within a defined range throughout the session. 

Midcaps, smallcap stay positive; seven stocks that gained up to 20%

Tue, 27 Sep 2016 11:58:46 GMT

As the mkt was drawing up confidence to notch up healthy gains, Saudi Arabia played spoilsport, by dashing hopes of an output-limiting deal at the OPEC meet.

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.

Incensed India pulls out of SAARC Summit

Tue, 27 Sep 2016 20:02:53 GMT

The move is aimed at undermining Nawaz Sharif ’s stature and marks his country’s isolation in the region with other member nations rallying in support of India.

Dialogue can help solve the Indo-Pak problem: Akhilesh Yadav

Tue, 27 Sep 2016 18:19:20 GMT

Reacting to the IWT developments, Akhilesh said India could do as it pleased, but asserted that war was not a solution.

Pakistan high commissioner Abdul Basit given antecedents of Uri guides, terrorists

Tue, 27 Sep 2016 20:33:35 GMT

Vikas Swarup told journalists that Awan deposed to the NIA that he and Khurshid facilitated the border crossing of the perpetrators of Uri massacre.

Narendra Modi government to review 'most favoured nation' status to Pakistan

Tue, 27 Sep 2016 19:08:41 GMT

Both India and Pakistan are signatories to the GATT, according to which they have to treat all WTO member countries as favoured trading partners.

US State Department asks Pakistan to target all terrorists

Tue, 27 Sep 2016 20:39:21 GMT

The statement by State Department spokesperson Mark C Toner came hours after external affairs minister Sushma Swaraj's hard hitting address at the UNGA

HC says court can't review answer keys, dismisses plea on NEET

Tue, 27 Sep 2016 17:56:38 GMT

Sanjeev Sachdeva said the question paper and the answer keys were prepared by independent subject experts and court "cannot take over the task of correcting the answer set" in the keys framed by independent subject experts.

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.