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Financial News from Businessworld

  • Inflation Moderates To 2-year Low Of 6.55% In Jan Businessworld - Tue 14 Feb, 2012 12:00 AM IST

    Headline inflation fell to an over two-year low of 6.55 per cent in January on cheaper food items, which may prompt the Reserve Bank to cut policy rates in the coming months.Headline inflation, as measured ...

  • Finding The Right Coach Businessworld - Mon 13 Feb, 2012 7:24 PM IST

    Explosive global business growth has raised a huge cry for talented top leaders, and with that, the need for highly skilled coaches. Professional coaches, who can prepare leaders to come through as peak ...

  • Explosion In Israeli Embassy Car Triggers Panic Businessworld - Mon 13 Feb, 2012 7:22 PM IST

    An Israeli embassy car on Monday exploded close to the mission here in a suspected coordinated terror attack after a car bomb involving an Israeli embassy vehicle in Georgian capital of Tbilisi was defused.According ...

  • Is RBI's Rupee Defence A Temporary Success? Businessworld - Mon 13 Feb, 2012 6:19 PM IST

    The Reserve Bank of India's victory in reversing a sharp decline in the rupee may be short-lived and the currency will remain vulnerable unless the problems of a hefty fiscal and current account deficit ...

  • India Economy Improving: OECD Survey Businessworld - Mon 13 Feb, 2012 6:15 PM IST

    The international economic outlook is showing tentative signs of improvement, with the momentum shift spreading from the United States and Japan to other developed countries, the OECD's December survey ...

  • Indians Have Stashed Over $500 Bn Abroad: CBI Businessworld - Mon 13 Feb, 2012 6:11 PM IST

    An estimated $500 billion (nearly Rs 24.5 lakh crore) of illegal money of Indians is deposited in tax havens abroad, CBI Director A P Singh disclosed in New Delhi on Monday.Speaking at the inauguration ...

  • The Tech Influencers Businessworld - Mon 13 Feb, 2012 5:08 PM IST

    The Chief Executive Officer of LSI Corporation, a semiconductor equipment manufacturer, Abhijit Talwalkar, 47 has topped the tech journal Dataquest's list of 'Top 20 Global Indian technology influencers'. ...

  • Sensex Closes Up After Greek Vote; Telecoms Fall Businessworld - Mon 13 Feb, 2012 4:57 PM IST

    The BSE Sensex edged 0.14 per cent higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home.The main 30-share ...

  • India May Channel Iron Ore Exports Via State Agency Businessworld - Mon 13 Feb, 2012 4:50 PM IST

    India is weighing plans to route sales of iron ore through a firm, the latest of several steps aimed at curbing illegal mining as the country struggles to shape a lasting policy balancing exports against ...

  • Education: Need Of The Hour Businessworld - Mon 13 Feb, 2012 4:21 PM IST

    A look at the recommendations of India Inc in the field of education. Dr Santanu Paul, CEO, TalentSprint A National Vocational Education Loan Scheme Needed : Large scale skill development and vocational ...

  • Hackers Take Down Microsoft India Site Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    Microsoft India's retail website was down on Monday after an apparent hack, with a purportedly Chinese group called Evil Shadow Team posting doctored screenshots that seemed to be of partially obscured ...

  • Asian Markets Gain On Greek Move Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    Asian shares and the euro gained on Monday after Greece came a step closer to securing a much-needed bailout fund and avoiding a messy default, though most of the recent optimism appeared to have been ...

  • French Retailer Eyeing India JV Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    French retailer Auchan has held talks with Dubai-based Landmark Group for a possible joint venture in India, the Times of India reported on Monday.A deal would depend on whether India moves ahead with ...

  • SBI Q3 Net Up 15%, Beats F'cast Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    State Bank of India, the country's biggest lender, beat market expectations with a 15 per cent rise in third-quarter net profit as interest income rose.State-run SBI, which is exposed to some of India's ...

  • Carmakers On Fast Track To Capacity Glut In India Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    Lured by 30 per cent sales growth over the past two fiscal years, carmakers have pledged Rs 29,400 crore to almost double India's annual production to more than 6 million vehicles. But now sales growth ...

  • HSBC Downgrades Reliance Comm, Cuts Target Businessworld - Mon 13 Feb, 2012 12:00 AM IST

    HSBC has downgraded Reliance Communications after the company's quarterly results to 'under weight' from 'neutral' and cut target price to 80 rupees from 92 rupees.Third quarter minutes growth for the ...

  • Our Culture Is Fairly Unique Businessworld - Sat 11 Feb, 2012 5:01 PM IST

    A former GE veteran, Tyagarajan is leading Genpacts transformation from a business process management services provider to an all-round IT player with consulting and IT-enabled services among its portfolio. ...

  • Genpact At Crossroads Businessworld - Sat 11 Feb, 2012 4:36 PM IST

    Not very long ago, during an informal interaction with a media outlet, Pramod Bhasin, the then managing director and chief executive officer of Gurgaon-headquartered Genpact, was all praise for New York ...

  • The Boy Who Wanted His MTV Businessworld - Sat 11 Feb, 2012 3:44 PM IST

    Once there lived a young boy in Miami. Every evening, he would sit with his single mother and the rest of his family to watch television serials and would let himself happily fly into another world away ...

  • Reform Is The Way Businessworld - Sat 11 Feb, 2012 3:21 PM IST

    T.N. Srinivasans contribution to economics has been remarkable. And this book, a collection of four of his talks, reflects his key arguments. Tracing the progress of the economy over the past six decades, ...

  • 2G: PM Consults Cabinet Ministers On Licence Cancellation Businessworld - Sat 11 Feb, 2012 3:07 PM IST

    Days after the Supreme Court cancelled 122 licences for 2G spectrum, Prime Minister Manmohan Singh on Saturday held consultations with senior Cabinet colleagues on its impact on overall telecom sector ...

  • Social Media Ambassadors Businessworld - Sat 11 Feb, 2012 3:03 PM IST

    Riding on the success story of social networking sites such as Facebook which is expected to become a 100-billion-dollar firm after it gets listed this year are incredibly diverse kinds of professionals ...

  • "The Private Sector Could Be Doing More" Businessworld - Sat 11 Feb, 2012 2:35 PM IST

    Y vo de Boer , former secretary of UN Framework Convention on Climate Change and KPMG Special Global Advisor speaks to BW's Yashodhara Dasgupta about the development and the inclusion of private sector ...

  • 'Green Growth Needs To Be Broken Down' Businessworld - Sat 11 Feb, 2012 1:29 PM IST

    R. K. Pachauri , Chairman of the Intergovernmental Panel on Climate Change (IPCC) and Director General of The Energy and Research Institute (TERI), spoke to BW's Yashodhara Dasgupta about where India stands ...

  • In Good Form Businessworld - Sat 11 Feb, 2012 12:34 PM IST

    Pico projectors, or pocket projectors as theyre more commonly referred to, have always walked a fine line, much like any other ultra-miniaturised product. Make them too small, and they typically scrimp ...

  • Henri Djombo Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat does sustainable development mean to your country?Sustainable development is actually a notion that is poorly mastered/grasped even by the decision-makers and particularly, it is little known to ...

  • Connie Hedegaard Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    D efine sustainable development? It is when you have development and economic growth in a society that is good for both social cohesion and for environmental cohesion. They are both key components to making ...

  • Maria Mutagamba Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat does sustainable development mean to you?Sustainable development means being able to continuing what we're doing now even for the generations to come. I want to make sure that I manage the water ...

  • Big Deal Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Flush with funds after the sale of his formulations business for Rs 17,000 crore, Ajay Gopikrishna Piramal has made yet another investment this time to raise his flagship Piramal Healthcares stake in Vodafone.On ...

  • Ghulam Mohd Malikyar Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    H ow would you define sustainable development?It is to have everything in place and to consider the next generation. To use things today, we also have to have something for the next generation for them ...

  • Out Of Coverage Area Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Trai to recommend base price of up to Rs 8,285 crore for 6.2 MHz as per May 2010 suggestionBanks unlikely to entertain funding of additional cost of spectrum/licence 2-3 fringe players or their foreign ...

  • High-Voltage Memory Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Stimulating the brain with an electrical current can improve memory, says a new study. Researchers at the University of California, Los Angeles studied seven volunteers with epilepsy who already had electrodes ...

  • Annika Markovic Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat does sustainable development mean to you?For sustainable development, first of all, we need to have all three dimensions together - social, economic and environmental. It's when we have these working ...

  • What A Headache! Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    The budget is just about four weeks away and when finance minister Pranab Mukherjee says he is losing sleep over rising subsidies, you know what that signals. Subsidies may cross the budget estimate of ...

  • Flipkart Says Letsbuy Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    After two-and-a half years of existence in the online electronics retailing space, Letsbuy.com founders Hitesh Dhingra and Amanpreet Bajaj realised they were burning cash faster than they were making it. ...

  • Mike Rann Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat is sustainable development?Sustainability is about a community that is living within its means. Living within your means used to be in terms of income. Ultimately, it means family, community, state ...

  • Triggering A New Debate Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    On 2 February, the Supreme Court cancelled 122 telecom licences granted by former telecom minister A. Raja, and ordered that fresh licences be auctioned off. The ruling has stirred a debate on whether ...

  • Is The Worst Over? Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    We will end annus horribilis (FY2011-12) with a growth rate of 6.9 per cent, says the Central Statistical Organisation. It is quite a fall from the 8.4 per cent of FY2010-11. A tight money policy, high ...

  • Flying Into Profitability? Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    In a bid to turn profitable independent of its parent, Air India Express is keen on returning or subleasing four of its fleet of 21 B737-800 aircraft and reducing the revenue sharing with Air India from ...

  • Mohamed Aslam Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat does sustainable development mean in the context of Maldives? What it really means for us is that we continue to use the resources that we have but we use it in the extent and in a manner that we ...

  • Those Air India Papers Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Yawn, yawn, yawn. Last week, I came across what must be the nth report on Air India (we need a Wikipedia on these) and its possible turnaround plan. This one is a critique of the latest plan prepared by ...

  • Undeserved Punishment Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Courts of justice do not usually have much use for economics; as an economist, I should be happy that the Supreme Court has made use of it in the recent telecommunications judgment. When it cancelled the ...

  • Giving Them An Ear Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    Consider this: HCL Technologies has a three-level exhaustive exit interview to prevent attrition. In addition to this, the company has a retention council which works to retain high performance employees. ...

  • Tewolde Berhan Gebre Egzabiher Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    H ow is the concept of sustainable development been accepted in Ethiopia?When, as an environmentalist, I was asked to form a conservation team for Ethiopia, to design a way to deal with environmental issues, ...

  • Malik Amin Aslam Businessworld - Sat 11 Feb, 2012 12:00 AM IST

    W hat does sustainable development meaning in the context of Pakistan? For us, it is the kind of development that we can take into the future and leave for our children a better world. But it hasn't been ...

  • Tata Steel Sees India Sales Rising, Europe Volatile Businessworld - Fri 10 Feb, 2012 7:28 PM IST

    Tata Steel, the world's No. 7 steelmaker, expects demand recovery in its key European market to be volatile, but is hopeful the situation may improve in the second half of the coming fiscal year that begins ...

  • MCX To Launch $125 Mn IPO On Feb 21 Businessworld - Fri 10 Feb, 2012 7:05 PM IST

    The Multi Commodity Exchange (MCX), India's country's biggest commodity bourse by turnover, plans to launch an initial public offering on February 21 to raise up to $125 million, two sources with direct ...

  • Reliance Comm Q3 Net Falls 61% Businessworld - Fri 10 Feb, 2012 7:00 PM IST

    Reliance Communications reported a 61 per cent fall in quarterly profit -- its 10th straight quarter of declining earnings, but in line with market estimates -- as the country's second-biggest mobile phone ...

  • Needed: A Housing Fund Businessworld - Fri 10 Feb, 2012 5:14 PM IST

    The robust growth momentum in India through the course of 2011 was plagued by numerous challenges both on the domestic as well as external fronts. The domestic environment has been clouded by several concerns ...

  • Creating An Ecosystem Of Trust Businessworld - Fri 10 Feb, 2012 4:46 PM IST

    The rapid proliferation of mobile devices and advent of web-based enterprise tools, cloud computing and virtualisation have enabled an instant-on office, where workers can access and modify information ...

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