Cheque bounce cases: FinMin mulls ‘Lok Adalat type’ redress mechanism

To cut down the number of cheque-dishonour cases, the Finance Ministry is looking at an alternative dispute resolution mechanism, such as a Lok Adalat. »

No double jeopardy if cheating case also filed on dishonour of cheque: Apex Court

LATEST NEWS

Mauritius Unitus sells shares worth Rs 8.1 cr in SKS 40 min. ago

No accounting relief for short-term forex loans, Ministry tells India Inc 1 hr. 1 min. ago

Now, Etihad eyes stake in Kingfisher 1 hr. 6 min. ago

Govt to promote India as quality destination for medicines at iPhex meet 1 hr. 10 min. ago

FinMin, market players to meet on Dec 10 to boost foreign funds inflow 1 hr. 25 min. ago

Intl Coal Ventures wants to be member of Coal Working Group meet 1 hr. 30 min. ago

Tata Steel focussing on productivity 1 hr. 31 min. ago

NCDEX, IIM-A tie up for executive programme 1 hr. 38 min. ago

StanChart PE invests Rs 200 cr in OSL 1 hr. 40 min. ago

CCI okays stake sale in Telenor firm Telewings 1 hr. 43 min. ago

Sure of BSP backing, Govt to push reform Bills too

The Bahujan Samaj Party’s decision to support the Government on the issue of FDI in multi-brand retail in Rajya Sabha has opened up another avenue for the Government to take its reforms agenda forward. »

BSP promises to vote in favour of FDI in Rajya Sabha
BSP, SP stall Rajya Sabha, House adjourned

Power Finance Corporation (Rs 201.3): BUY

We recommend a buy in the stock of Power Finance Corporation from a short-term perspective. It is evident from the charts of the stock that it has a significant long-term support in the ba... »

Podcast: PFC (English) by Sayanti Chakraborty
Podcast: PFC (Tamil) by Srirengarajan A

International

GMR to transfer airport to Maldives Government

The GMR Group will "seamlessly transfer" the Male international airport to the Maldives Government by Friday. »

States

Hatsun's dairy unit in Kanchipuram, near Chennai. — Photo: Bijoy Ghosh

Flush with milk, TN emerges second largest dairy player after Gujarat

With nearly 70 lakh litres of milk being handled daily by the cooperative and the organised players in the private sector, Tamil Nadu has emerged the second largest dairy player after Gujarat. »

Info-tech

No gloom...only correction, says BSNL chief

Stating that there is no gloom in the telecom industry, BSNL today said the sector has grown “too fast” in the last few years and a correction is taking place at present. “We have been gr... »

Opinion

Columns

BISWA SWARUP MISRA

Don’t relax the inflation target

Changing the inflation target in a democracy has its own dangers.

The RBI Governor should think twice before pegging the target rate of inflation at a higher level and calling that the ‘new normal’. There is no basis to the argument. »

B.S.RAGHAVAN

Synthesising inner and outer worlds

One of the favourite aphorisms of speakers at seminars and conferences, dwelling on the inter-connectivities globalisation has brought about, is that a butterfly batting its wings in Brazil may we... »

Editorial

Only a battle won

The Government still has nearly one-and-a-half years to go and a policy paralysis for that long a period is in nobody’s interest. »

Opinion

Education needs private sector push

Private sector has the potential to empower even the weaker sections. — T. Singaravelou

Both, financial and technical resources would be enhanced by private involvement in education »

Our think-tanks are too Delhi-centric

More think-tanks should be encouraged as independent entities in each State. — P.V. Sivakumar

Being in one place, they generate a predictable babble about everything, rather than help with positive policy inputs. »

Info-tech

CCI okays stake sale in Telenor firm Telewings

The Competition Commission (CCI) has approved the proposed 51 per cent stake sale in Telewings — part of Norwegian telecom major Telenor — to Lakshdeep Investments and Finance Pvt Ltd. Th... »

Companies

Prior nod must for overseas JV investments in financial sector

The Reserve Bank of India (RBI) today said core investment companies (CICs) would require prior approval from the RBI for investing in joint ventures/subsidiaries or offices overseas in financial... »

Info-tech

Vsevolod Rozanov, President and CEO, Sistema Shyam Teleservices (SSTL)

Operating on every day...every week basis, says Sistema

Telecom operator Sistema Shyam Teleservices, whose licences expire in January, is operating on a “every day, every week basis” even as the company is awaiting the Supreme Court (SC) decision on th... »

Companies

Care signed a MoU with a local rating agency in Portugal as it has the licence from ESMA to start an agency.

CARE foraying into overseas market, to open office in Portugal

Rating agency CARE is in the process of foraying into the overseas market with the first office to come up in Portugal next year, a senior company official said today. “We have signed MoU... »

Politics

BSP promises to vote in favour of FDI in Rajya Sabha

The Bahujan Samaj Party today promised to vote in favour of FDI in the Rajya Sabha, giving much relief to the Government which is bracing for a crucial vote tomorrow, even as the BJP and AIADMK at... »

Companies

The price hike has been necessitated due to increasing pressure on the margins due to currency fluctuation, says Chief Operating Officer (Marketing & Sales) Mayank Pareek.

Maruti to hike car prices by up to Rs 20,000 from Jan

The country’s largest car maker Maruti Suzuki India today said it will increase the vehicle prices across all models by up to Rs 20,000 from January due to increasing pressure on margins due to cu... »

Life

Mud houses in Koikhali village on the banks of Matla. - Manju Vasudevan

Forest of fragile beauty

Winds heavy with moisture from the Bay of Bengal pushed against our faces. It was the last day of our journey and, standing on the banks of Matla river in the Sundarbans, it felt l... »

Art in public view

Hardy in tough times

More than symbolic?

Politicians all a-Twitter

IT has always made the world go round

The FDI Games

BrandLine

The iron man and his green designs

Golf can arguably not have had a better brand ambassador than the legendary Gary Player, known as the Black Knight. Sit with him and before you blink he is out there solving the puzzle about pe... »

The ‘shocking’ rise of Havells

A chicken-and-egg conundrum

‘We will compete on added value, not price’

Wheeling firmly into the big league

New Manager

Debashis Chatterjee, Director, IIM Kozhikode, addresses a class.

Divine inspiration for business

A motley bunch of IT and financial sector executives, businessmen, couple of police officers, a few officers from the Indian Air Force, executives from public sector companies, are all... »

Workplace: Redesigned for the future

Lessons from a superstar

HR is more than just paying salaries

Young workforce needs innovative HR styles

eWorld

E-books taking Flyte!

Back when it started, I’d ordered my last Harry Potter book to complete a personal collection. The order was placed on a lazy Tuesday afternoon and before lunchtime and on Wednesday I was... »

“Technology is not able to keep pace with our expectations”

From Kolaveri to Gangnam

The salt of digital marketing

New-age manufacturing

“I like to build from scratch”

Twitter, tethered

“I found comfort in my iPad while my wife was in the delivery room”

Companies

LT Foods to invest $50 m in Africa arm over 3 years

LT Foods Ltd plans to set up a subsidiary in Africa for milling rice, as it gears up to service the continent’s growing local market. “We are in active dialogue with a cou... »

Coal India plans huge spend on mining equipment

Cartelisation: Compat begins hearings on cement cos plea

M&M, Nissan, Volkswagen offer discount schemes

Maruti to hike car prices by up to Rs 20,000 from Jan

PE firm KKR sees big credit market growth in India

‘Renewable energy costlier in India than US, Europe’

Defiance Tech ties up with France’s Ausy group for Defence contracts

Intl Coal Ventures wants to be member of Coal Working Group meet

Info-tech

Debjani Ghosh, MD, Sales and Marketing, Intel South Asia.

Intel chips to power smart-phones in India

By mid 2013, Intel is likely to get inside several smart-phones in the country. The US-based chipmaker is partnering two handset-makers in India to develop a range of smart-phones that use Intel chips. »

Aadhaar, PDS database link to help AP plug loopholes

Tikona Digital to raise Rs 1,000 cr for 4G services launch

Satyam merger: Court for scrutiny by independent auditor

Indian companies continue to see higher IT security budgets: PwC

State-sponsored cyber attacks to surge next year

CCI okays stake sale in Telenor firm Telewings

Bharti Airtel launches green data centre

Infosys plans to roll out Rs700-cr project for India Post

Stock Markets

Close-ended MFs’ listing is must for Rajiv Gandhi scheme

The Securities and Exchange Board of India has clarified that close-ended mutual funds considered eligible under the Rajiv Gandhi equity savings scheme (RGESS) shall be listed and traded on stock exchanges. »

Markets cheer Mayawati's support for FDI; Sensex up 95 points

Universities Superannuation Scheme buys Tara Jewels shares

Day Trading Guide

SEBI imposes Rs 1 lakh fine on Bilcare chief

Govt advises States to act against illegal share trading

Tara Jewels debuts at over 5% premium

Industry & Economy

Centre expects four captive coal mines to go on stream soon

The Government estimates 100 mt of coal will be produced through the captive route in 2016-17, the terminal year of the 12th Plan, according to the Union Coal Secretary, S.K. Srivastava »

FinMin, market players to meet on Dec 10 to boost foreign funds inflow

No accounting relief for short-term forex loans, Ministry tells India Inc

Avoid cost overruns, cut gestation time for projects: RINL CMD

Now, Etihad eyes stake in Kingfisher

Dumping duty on digital offset printing plates from China

Govt to promote India as quality destination for medicines at iPhex meet

EPCES seeks withdrawal of MAT in Budget

Human resource network body to rate B-schools

Banking

On a positive note: RBI Governor D. Subbarao with Deputy Governor K.C. Chakrabarty at the central bank’s board meeting in Kolkata on Thursday. — A. Roy Chowdhury

Inflation may trend down starting Q4, says Subbarao

Direct cash transfer scheme will not push up inflation »

State Govts told to closely monitor chit fund firms

Core investment companies need RBI nod to invest overseas

StanChart may pay $330 m to US regulators for Iran transactions

Royal Sundaram’s mobile Web site for policy renewals

RBI to buy Rs 12,000-cr worth G-Secs

World Bank arm IFC open to investing in Religare’s proposed banking venture

Corp Bank SME loan centre in Jaipur

IndusInd Bank to allot equity shares to QIBs

Economy

Subbarao: West Bengal finances tighter than other States

The State’s public finances are more stressed than most other States in the country, said RBI Governor D. Subbarao in Kolkata on Thursday. “Public finances in West Bengal has been tight,... »

Doha talks: No climate deal without equity, says India

No accounting relief for short-term forex loans, Ministry tells India Inc

Credit Suisse lowers FY13 GDP forecast to 5.9%

GFSI says Indian vendors can supply to global chains

Oilmeal exports up 21% in November

10% spending cut won’t help meet new fiscal target: Nomura

Power crisis, falling prices put AP ferro-alloy units in trouble

Fitch paints a negative outlook for telcos in 2013

Logistics

Kingfisher Airlines runs the risk of operating licence being cancelled by the end of this month when it is due to lapse.

Kingfisher extends flight cancellation till January 15

Kingfisher Airlines has extended flight cancellation till January 15, 2013, from December 15, 2012, airline sources say. The airline has been grounded since October 1 and its licence was suspended... »

IndiGo launches new flights

Paradip Port resents IOC’s decision to import LNG via Dhamra

Key US ports back to work after strike ends

Ajit Singh supports plea for greater air connectivity to Coimbatore

GVR Infra-led team lowest bidder for road project

SpiceJet to launch Delhi-Riyadh, Guangzhou air services from next year

New company floated for Kerala mono rail project

Air India threatens to stop operations to northeast airports

Markets

Universities Superannuation Scheme buys Tara Jewels shares

Universities Superannuation Scheme (USS) bought 3.16 lakh shares at an average price of Rs 238.19 on the BSE and 2.49 lakh shares on the NSE at Rs 238.25 a share. USS is the principal pen... »

Day Trading Guide

`Investors should stay invested in capital market’

Mauritius Unitus sells shares worth Rs 8.1 cr in SKS

BSE appoints 14 investment banks for IPO

NSE notifies 14 scrips for restricted trading category

Sahara gets 2 months time to refund Rs 24K cr to investors

Marketing

Home-grown brands look to learn from big boy retailers

Forget being hit by competition, domestic retailers say the entry of global players to operate supermarket chains will benefit consumers, as they will have a wider choice at best prices. ... »

KamaSutra to sell energy drinks

Chennai cable operators plead for more time

GFSI says Indian vendors can supply to global chains

What’s-on-India appoints Sugato Banerji as COO

‘Global retailers will look to India to launch operations’

Solomon BioPharma to open 180 retail stores

Cox & Kings aims at 30% growth in tourists' traffic

McDonald’s says no potato imports; but what of French fries?

Agri-biz

A file photo of farmers harvesting potato crop in Punjab for Pepsico

PepsiCo to double potato procurement in 5 years

PepsiCo India will sharpen its focus on contract farming with an aim of doubling its procurement of potatoes locally from the current level of 2.40 lakh tonnes (lt) in the next fiv... »

War time flexi-bags now move edible oil in bulk

Infosys, ICRISAT launch AgED open course platform

Farmers shun tobacco for cotton, maize

Hike in cotton export registrations cap may boost dispatches

‘Farmers, Board should have a say in talks to curb illegal trade in tobacco’

Japan, S. Korea demand boosts oilmeal exports

Normal tur output to drag prices

Rubber skids on fears of higher arrivals

Commodities

Bull operators call the shot in pepper market

Pepper prices on Thursday continued to be in the grip of long position holders who have been squeezing the market and rather compelling short position holders to buy back December contract... »

Stockists begin building turmeric inventories

Slack demand crushes jeera

E-auction launch boosts tobacco at Karnataka sale

Wheat range-bound on sluggish demand

Mustard slips on reports of higher sowing

Silver rates

Gold rates

Brent crude falls to $109 on weak US energy demand

Investment World

NBFCs — adding muscle to the business of moolah

It looks like non-banking financial companies are giving banks a run for their money, and could grab a few banking licences. But they face a few challenges too. Here’s taking stock. »

Bulls storm the 19,000 peak

Why investors should not forget crisis lessons

QUERY CORNER - Strong uptrend in NHPC

Wabco India: Book profits

Tax Talk

Invest abroad to hedge inflation and currency risks in overseas education

Manage your living standards with commodity investments

High-tax bracket investors should go for REC bonds

Smartbuy

Honda Amaze Review

Honda’s stellar image in India was first affected by the miscalculated positioning for Jazz. The lacklustre initial market performance of the premium hatch made it seem like Honda had made its fir... »

LG Optimus Vu Review

HTC Desire SV Review

Lenovo ThinkPad X1 Carbon Review

Park Hyatt Chennai Review