fter pink slips, BPOs play retainer card
O ewDelhi,Mar10:Jobsare J ck and so are job switches.
nd, no business would be ore worried about it than e BPO industry , known for shighattritionrate. The Rs 57,015-crore Indi |
Thermax-Babcok JV
hermax-Babcok JV Thermax said it floated a nt venture with USA's bcock & Wilcox Power neration Group to anufacture super-critical ilers in India. "The total vestment in the joint venture estimat |
Port traffic up 5.5% this year
Traffic handled
at major ports in the country saw a growthof 5.5%intheApril2009-Feb- ruary 2010 period, compared with thecorrespondingperiodayearago, signalling a gradual revival in ex- ports as |
Credit-offtake up 16%
The growth in non-food credit has crossed the 16% mark for the fortnight ended February 26. That was nearly 70 basis points higher than the 15.4 %growth seen in the previous fortnight ended Feb 12.
|
Chinese exports soar
Chinese exports soared nearly 46% in February, signifying recovering demand in the world economy. But this also reinforced worries China would intensify measures to prevent overheating.
|
What the Women's Bill cannot do
cannot do OGINDER K
|
The Economist
Exclusive!
Knock-offs thrive
nock-offs thrive
ke goods are proliferating, t
|
SC raps S Tel for moving govt
C
Sivasankaran-promoted telecom service provider S Tel on Wednesday came under fire from the Supreme Court for reach- ing an understanding with the department of telecommunications in theallegedspe |
Now, make S&P futures deals from NSE
The Na
- tional Stock Exchange (NSE) on Wednesday en- tered into a cross-listing agreement with Chicago Mercantile Exchange (CME) group,t he world's largest derivative exchange. The accord will |
NMDC gets 17%
MDC gets 17% e follow-on public offer NMDC got subscribed % at the end of first day its opening, with most ds coming in at the lower
|
MFs pay dividends
Fs pay dividends has been raining T ividends for mutual fund E vestors in 2010 with over h 5 schemes declaring r ividends in the last two r
|
DQE IPO
The IPO of DQ Entertainment has received robust response from investors.
|
Foreign partners to get creeping acquisition nod
Foreign
mpanies could soon be alwed to incrementally raise eir stakes in Indian JVs rough stock market deals.
he policy relaxation would eanthatanoverseascompaydoesn'tnecessarilyhaveto proac |
HARYANABUDGET VAT surcharge to create resources
The Haryana Budget for 010-11 presented on ednesday increased the tal Plan outlay marginal by Rs 100 crore to s 10,500 crore and proosed to impose a surharge on value-added tax generate |
upreme nfra bags unjab road
Con
ction firm Supreme a on Wednesday said as bagged two orders th Rs 405.44 crore for struction and power smission related ks. The company has ged orders worth Rs 16 crore for building -l |
GVK Power gets J&K project
GVK Power & Infrastructure on Wednesday
said its group firm has bagged a Rs 5,000-crore hydro-electric wer project in J&K. GVK Developmental Projects, has won the d to develop 690 mw Rattle project |
Port corporatisation
to begin withJNPT
The government
has embarked on a n to convert 12 major ports corporate entities--a move at would give these ports the ch-needed freedom to set iffs and compete with for nandIndianprivateportsto |
Huge victory
forwomenin
RajyaSabha
The UPA took a calcu
ted risk and pushed ahead with the
Women's Reservat abha on Tuesay with the elp of major pposition par es, and yet, anoying some of simportantalance partners. The Bill to r |
Secy swings with bosson GSM lines
The
BSNLboardlastweekdecid to scrap the controversial -million line GSM tender ter the Central Vigilance ommission and the Sam troda committee recomended it. But seemingly , e department of tel |
Daimler gets Rs 1,860 cr for stake
imler gets Rs 1,860 c mler AG said on Tuesday as sold its entire stake in a Motors to various estors for Rs 1,860 crore.
e news pulled down Tata tors' shares down by
|
NMDC tanks 6% ahead of FPO
The NMDC stock has corrected 6.2% on the BSE Tuesday, a day before the state-owned mpany's FPO opens. This has effectively duced the EGoM-announced discount to the ue price to about 20.1-6.8% over |
Lock-out at
Bosch unit
Bosch
Ltd,oneof thelargestauto omponent makers in Inia and a subsidiary of erman giant Robert osch,declaredalock-out t its Naganathpura prouctionplantnearBanga re, after workers esorted to a |
Tax evasion suspects to et respite from penalty
In
What could be a respite for xpayers, the governent has opened a new ndow for them to escape nal action for alleged x evasion until the final ttlement of the case. Un raproposalintherecent dget, |
ADAG eyes cable distribution
After
DTH,FMradioandfilmpro ction, distribution & exbition, the Reliance Anil irubhai Ambani Group DAG)maysoongetaslice the cable distribution sinessinthecountry .Investment banking u |
The Economist - Exclusive! Race to the bottom
Countries compete to weaken
their currencies ?
|
Empower, but beyond just the bill
|
Copenhagen preamble
India has agreed to its name ing listed in the preamble of e Copenhagen Accord bject to certain conditions.
isting in Chapeau of the cord implies that we rticipated in the negotiations the Cop |
HMSI's second plant
Two-wheeler maker Honda otorcycle & Scooter India id it would invest about 470 crore to set up its
nd plant in Bhiwa an annual capacit
|
ONGC to invest Rs 26k cr
Minister of state for troleum and natural gas in Prasada said on Tuesday NGC plans to invest Rs 26,523 ore in the next fiscal for
oration, productio
|
Reserved
But Women's Bill may have some unintended consequences T HE Rajya Sabha has passed the Bill reserving 33% seats for women in India's legislatures, and the move is well-intentioned. Wom |
Stateof banks
SBI Bill will give more autonomy but what about competition?
F INANCE minister Pranab Mukherjee reintroduced the State Bank of India (Amend ment) Bill in Parliament on Monday--the Bill which |
REPORT CARD
his analysis* is applied to regulation in emerging market economies, where evelopment of financial markets is a major regulatory goal along with stability: o understand the appropriate regulatory r |
Seed of the problem
MUKHERJEE po in Since Monsanto's open admis- pu ion that the pink bollworm ja est--one of the major pests that ou ttack cotton crop--ha |
Budgeting for simpler tax codes
A budget, besides keeping ac- p ounts of income and expendi- i ures, also contains b nformation about the path of s ction planned by the govern- h ent. In that sen |
Himachal's firstITpark projectputonhold
Himachal
radesh's first IT park-cum-townhip, which was proposed to come up ear Waknaghat in Solan district has een put on hold for now. The tender committee's meeting, hich was slated to be held |
M3M India o invest s 2k cr in Gurgaon
Mar 9
gon-based boutique realty veloper M3M India has rmed up plans to invest oundRs2,000croreintoits emiumluxuryresidential ojectinGurgaon. To be developed over 75 re, M3M is coming up with |
HyperCity,ShoppersStop openstoresinAmritsar
HyperCi-
typerCi- f Retail (I) Limited and oppers Stop Limited of K aheja Group have entered to Punjab with the launch s itsstoresinmega-mallAl aOneinAmritsar. f HyperCity |
U'khand Assembly adjourned over 56 hydel projects
The Uttarakhand assembly was adjourned on Tuesday following an uproar over the issue of allotment of 56 hydel projects to new companies with the Congress seeking a CBI probe. Soon after the Question H |
Daily Jet flight from Dehradun to Delhi
In keeping with its move to connect major Indian metros with smaller cities across the country, Jet Airways Konnect, Jet Airways' all-economy, nofrills service, will introduce daily, direct services t |
Efforts to complete Satluj Yamuna canal
Haryana chief minister Bhupinder Singh Hooda has said the state government was trying its best to get the Sutlej Yamuna Link Canal made functional at the earliest so that the state get its due share o |
Haryana fixes loan rates for govt staff
The Haryana government has fixed rate of interest to be charged on the advances granted on house building, motor car, motor cycle, scooter, moped, computer, marriage and cycles to the government emplo |
IsSTel paying the price
for takingDoTto court?
The de
- partment of telecommuni- cationshasoversteppedits jurisdiction in asking new telecom service provider S Tel to stop services in three circles on grounds of na- tional security,s ay ana- ly |
Bill to raise SBI capital introduced
To fa
-itate the huge capital p-up plans of India's gest bank, finance nister Pranab Mukhee has reintroduced State Bank of India mendment) Bill, 2010, he Lok Sabha on Mon . The bill will reduce |
Essar listing plan
ssar listing plan e Essar Group, which an unced the acquisition of A's Trinity Coal for $600 mil n (Rs 2,760 crore) on Satur y, plans to raise about $2.5 llion to $3 billion by listing energy and |
In favour of the small favour
SHOBHANA SUB RAMANIAN
|
The Economist
Who pays bill? Who pays bill?
Rich world draws battle lines
over deficit reduction
|
LB rejects RIL bid
Bankrupt petrochemicals firm LyondellBasell outlined a restructuring plan that it said was a better option than a $14.5 billion bid from energy major Reliance Industries, court documents showed. P |
Delhi most liveable
Delhi has emerged as the most liveable city in India, followed by Mumbai, Chennai, Bengaluru and Kolkata, according to a joint survey by the Institute for Competitiveness and industry chamber CII. |
Terror stalking, IPL-3 comes under record insurance blanket
With just
four days to go, it is raining vers for Indian Premier ague-3(IPL-3).This time, the non-stop, -day cricket carnival has ken no chance and its omoters--the Board of ntrol for Cri |
Daimler looking to exit Tata Motors via market
German carmaker Daimler AG is believed to be looking to ex- it Tata Motors by selling its entire stake in the Indian company. Daimler,w hich holds 5.34% stake in Tata Motors as on December 31, 2009, i |
Govtunfazedas storm gathersover reservation
The govn
-ment is confident it will able to sail through with e Finance Bill and most of economic agenda, includg the SBI (amendment) ll, in the current budget ssion despite the withawal of sup |
NMDC price band
NMDC price band he price band for the ollow-on public offering f state miner NMDC has een fixed at Rs 300-350 a hare. The EGoM on
The price band for the
follow-on public offering
of state mi |
Bond yields at a 17-month high
The 10-year bond yield hit the 8% mark for
the first time since October 2008 as the
money market grew cautious about next
year's government borrowing programme.
On Monday, the 6.35% note maturing |
Prometric owns up, takes responsibility for CAT snag
Prometric, the
ency which implemented the com ter-based Common Admission Test AT) on behalf of the Indian Institute Management (IIM), on Monday took sponsibility for the disruption dur gtheCAThel |
Isro asks for more money as spectrum crunch flares up
With acute short-
ageof broadcasting spectrum for both existing and new television channels, the Indian Space Research Organisa- tion (Isro) is asking for Rs 50,000 per megahertz (Mhz) or around Rs |
Wipro bags finmin project for financial ntelligence network
Wipro Infotech,
the India and West Asia IT business of Wipro Ltd, on Monday said it has won a turnkey project from the Fi- nancial Intelligence Unit (FIU), ministry of finance.T he company saidtheva |
Haryana's first N-power plant to come up at Fatehabad village
Corpof IndiaLtd(NPCIL)hasselected Gorakhpur village (around 175 km from Delhi) in Fatehabad district of Haryanatosetupthestate'sfirst4X700 mwnuclearpowerplant. The decision was taken after the high |
ALL
THAT
GLI
TT
ERS
THEIndian Premier League (IPL) Twenty20 cricket tournament has been hailed as the ultimate cricket-meets-entertainment blockbuster--one of the hottest media properties,no |
LOSS: RS 1
MOHIT BURMAN, Co-p Stadium is a key s
PROFIT: RS 15.20 CRORE
SEAN MORRIS, CEO, Rajasthan Royals
"We welcome strategic investors"
IPL realising its full venue potential?
The full potential of IPL s not been realised yet. Its |
THE OPENING SCORE
CRORE omoter, Kings XI Punjab urce of revenue"
y source of our revenue H d to protect this source, C have had to put chnology and systems in w ace to ensure minimal m |
FDI RULE VIOLATION Newnorms to check
test-marketing misuse
Foreign in-
-vestors violating FDI rules by us- ing their test-marketing licences for doing large-scale retail busi- ness and even for product manu- facturing, could be in for trouble. The gover |
PSUspippvt peersinsales growth,profit
Public sector units have weathered the globalfinancialstormbetterthantheir privatepeers,reportsPraveen Kumar Singh from New Delhi. A comparative study-carried out by business infor- mation provider Du |
Meat of the Bt brinjal matter
ENUKA BISHT
|
RBI turns 75
2009-10 is the RBI's atinum jubilee year-n apt time to reflect on ot only the evolution of dia's central bank over e last 75 years but also, a more recent milieu, n its contribution to onomic |
Essar listing in London
Ruia brothers-led Indian
conglomerate Essar Group is
working towards a $8-billion
listing of oil and power
businesses in London, acco
toThe Telegraph.
-rding
toThe Telegraph.
|
Corp governance
to get repute claws
Com
- paniesnotcomplyingwith the 'voluntary' guidelines relating to corporate gov- ernance laid down by the corporate affairs ministry in December 2009 may soon have to offer explana- tions for the |
Govt's 11th Plan social sector math goes awry
It is going to be a
a tremendous challenge for the govern- ment to meet its social sector expenditure commitments it had chalked out for the 11 th Five Ye ar Plan. The actual total spend for four yea |
NGOs under I-T net
The income tax department
has got the power to cancel
charitable organisations'
registration, which accords it
the benefit of tax exemption, if
an organisation is found to be
violating registrat |
True managers, fromhome to corner room
umbai,Mar7:"Thisisn't golf-playingbeerdrinking mogeneous culture, so ill have to network, you ill have to work hard but dia's diversity makes it sier," says Naina Lal Kidai, group general manag a |
Himachal toget $450-m WB aid to boost eco-friendly growth
The orld Bank has agreed to nction $450-million loan r promoting sustainable vironmental growth in imachal Pradesh. The an will enable Himachal become first carbon-neualstateinAsia. Official |
T H E K N O W L E D G E E C O N O M Y
IN SEARCH OF THE RIGHT PULSE
VMahalakshmi I NDIAN medical device makers are in transformation mode. Homegrown de vice makers are eyeing a `Made in India' brand for the global markets. Research and developm |
Q&A R SIVAKUMAR, INTEL INDIA `We can't afford to delay mobile
broadband to masses'
After logging back into growth mode last quar- te r, the world's largest microchipmaker Intel is ar pecting to scale new territories in South Asia. o Sivakumar, country manager Sout |
POINT OF VIEW
MARKETING IN REVERSE GEAR
RENOWNED HARVARD PRO- FESSOR, Ted Levitt coined the term 'marketing myopia'.He fa- mously wrote that customers of drill-bits do not buy drills; what they buy is holes. He exhorted managers to not to b |
'The world will
become tripolar
around 2040'
e believes that economic strength is the foundation of a counry's power , but the ability to exercise power depends on the trategic assets, capabilities and technology that a country de elops.Dr Arv |
from the discomfort
ZONE
CEO THINKER PAINTERS
ART HAS BEEN a human right before civilisation started. The earliest cave painters at Lascaux, France, dating back 30,000 years, drew animals. The San people in South Africa drew people in 27,000-y |
RBI puts off ollout of base ate to July 1
Giving in
to a request from bankers, the Reserve Bank of India (RBI) on Friday agreed to ex- tend the deadline for imple- menting the base rate regimefromApril1toJuly1, 2010. "It has been decided t |
New directors for Nacil
The government on Friday
approved the appointment of
four new independent
directors on the board of Air
India. Anand G Mahindra,
vice-chairman andMDof
Mahindra & Mahindra, Air
Chief Marshal Fal |
feFIRST -
BSNL scraps controversial tender for GSM lines
State-owned
BSNL on Friday scrapped its conoversialtendertoadd93-million SM lines that was expected to i st Rs 36,000 crore. Instead it has f cided that it will adopt a new l ethodology |
Corporate India looks to developing markets for growth and global size
In its search for
natural resources and relatively unclutteredconsumermarkets,In- dia Inc's global M&A attention is turning more towards developing markets in Africa, Latin America, SouthandSouth-Ea |
Govt may crack the whip on media houses promoting `paid news'
Media
houses,both print and elec- tronic,may attract heavy fi- nancial penalty and other stringentactionsif foundin- dulging in or encouraging "paid news" in the guise of news.Also,the government may |
Essar in talks to acquire Trinity Coal for $550 m
Indian
conglomerate Essar Group is in talks to buy Trinity CoalfromUSprivateequity firm Denham Capital for $550-$600 million (around Rs 2,530 crore-Rs 2,760 crore), a source familiar with the matter |
Local bodies to gain from tfc
|
S Tel ops suspended
Tel, a joint venture between
Chennai-based Siva Group and
Bahrain Telecom, has been
asked to immediately stop its
mobile services in Himachal
Pradesh, Bihar and Orissa,
citing national security
|
Zicom-Schneider deal
Zicom Electronic Security Systems on Friday said it will sell its electronic security system business to Schneider Electric India, a part of the Luxembourg-based Schneider Group, for about Rs 224.7 cr |
Convergys' acquisition
US-based private equity group
KKR-owned HR software
and services provider
NorthgateArinso has acquired
the HR management division
of US-based Convergys for
$100 million. The acquisition
include |
Public expenditure
The finance ministry has
sought the approval of
Parliament for raising public
expenditure. This will result in
a net cash outgo of Rs 31,780
crore during 2009-10. The
government also added that
|
Haryanasocialinfra missiongetsRs150cr
The
Haryana government has launched Jawahar Social In- frastructure Mission with an allocation of Rs 150 crore to create state-of-the-art schools,v ocational educa- tionandtrainingcentresand state in |
RComm rolls out Broadband Plus in Punjab
Anil
Ambani group firm Reliance
Communications has
announced the rollout of its
wireless broadband service
Netconnect Broadband Plus) Ludhiana for Rs 2,299. "The unch of Netconnect roadband Pl |
L&T to pump Rs 4,500 cr more into Rajpura plant
Enginee
ing major Larsen and Toubro (L&T) will invest around Rs 4,500 crore for set- ting up an additional unit of 660 mw of Rajpura Thermal Plant, chairman and manag- ingdirectorof L&T,AMNaik has sa |
SAIL on overseas tech
Steel Authority of India Ltd is in talks with overseas steel makers to import advanced manufacturing technology, steel secretary Atul Chaturvedi said. "We have realised the importance of new technolog |
Infrastructure funds
India is not only beefing up infrastructure as announced in the Budget, but also working to attract investments in this sector from West Asia. "The India- Qatar investment fund and the India-Oman Join |
Cos game for IPL franchises despite costly terms
Undeterredbythe stiff financialnormsimposedbyIndi- an Premier League managers for the two new franchise teams coming up, morethan30companiesandindividu- als, including half a dozen foreign firms, have |
Telecom to map India assets: Pitroda
:Pioneer of India's telecom revolu- tion, Sam Pitroda, is now working on making its ap- plication wider and deeper, somethinghecallsthe"sec- ond stage of the telecom revolution".Pitroda,whois advisor |
Natco moves SC on cancer drug
Natco Pharma has moved the Supreme Court to challenge the Intellectual Property Appellate Board's decision which held that Novartis' blood cancer drug Glivec was novel and therefore could be marketed |
Govt plans wheat and rice exports even as food inflation soars to 17.9%
:Withwheatproduction expected to touch about 81 million tonne in 2009-10, the gov- ernment is planning to export the foodgrain and some varieties of rice -- first time in six years -- to clearitsbulgi |
What next for the fiscal stimulus?
|
Auto loans get costly, curtains on teasers
Money is becoming dearer. That was evident on Thursday when private sector banks ICICI Bank, HDFC Bank and Kotak Mahindra Bank upped inter- est rates on auto loans. At the same time, home loan major H |
GST rate could to be over 12%
The combined rate of the proposed goods and services tax rate is likely to be higher than 12%, the rate suggested by the 13th Finance Commission, revenue secretary Sunil Mitra said on Thursday, report |
Mukherjee to head financial stability panel
Finance minister Pranab Mukher- jee will head the Financial Stability and Development Council (FSDC) to be set up viaanexecutiveordersoon, aseniorfinanceministryof- ficialsaid.Theformationof thecounci |
