Economy and Policy

  • Met office rules out surplus monsoon in 2014 Reuters - 1 hour 54 minutes ago
    An electrician fixes lights on a mosque against the backdrop of monsoon clouds, during the holy month of Ramadan in Chennai

    India is likely to experience below-average monsoon rainfall in 2014, the government's weather office said on Thursday, if the El Nino weather pattern affects the four-month-long rainy season. The monsoon is vital for India as half of its farmland lacks irrigation. To cut dependence on rains, India plans to expand its …

  • Tata enters JV with Keventer Group to expand real estate … Contify Investment - 1 hour 58 minutes ago

    April 24: Tata Group-owned Tata Housing has entered into a joint venture agreement with Kolkata-based Keventer Group in order to expand its real estate business in West Bengal, reported The Economic Times. However, both parties are free to take up independent projects across the country despite the 51:49 joint venture …

  • Nokia mobile phone lies on a tablet computer showing logos of Microsoft in this illustration picture taken in Frankfurt

    Nokia said that due to an ongoing tax dispute, its Indian mobile phone handset plant was unlikely to be included in a deal due to be concluded on Friday for the sale of its global handset business to Microsoft. Nokia will instead operate the factory as a contract manufacturing unit for Microsoft after the deal, a spokeswoman …

  • Ambuja Cements may record 71.4% rise in net profit … Contify Investment - 2 hours 36 minutes ago

    April 24: Indian cement maker Ambuja Cements expects a 71.4% surge in its net profit for the January-March quarter in the 2013-14 fiscal at Rs 3.7 billion quarter-on-quarter, reported Moneycontrol citing ...

  • April 24: Non-banking finance company Mahindra Finance has registered 2.8% decline in profit after tax at Rs 3.36 billion for the quarter ended on March 31, 2014 as compared to Rs 3.46 billion for the ...

  • April 24: State-run lender Allahabad Bank is planning to garner Rs 3.2 billion by the way of issue of equity shares through qualified institutional placement (QIP) route by June 30, 2014, its CMD Rakesh ...

  • Sustained weakness in the Chinese yuan has soured sentiment on emerging Asian currencies while views on the Singapore dollar turned negative in the past two weeks, a Reuters poll showed on Thursday. Growing pessimism on the Chinese currency weighed on other emerging Asian currencies as they tend to closely track the yuan …

  • This, on expectations that Narendra Modi, the prime ministerial candidate of the main opposition party, the BJP, will head the next federal government. The mood is supremely bullish in the equities market and the common joke doing the rounds on Dalal Street is that the fair value of the Sensex is the number of seats secured …

  • Juicy Apple buoys global shares Reuters - 4 hours ago

    Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple (AAPL.O) reported record first quarter sales …

  • Thus begins your hunt for a financial tool that offers the most competitive return and stability. It plays the role of income-replacement by offering financial protection. It also provides stability and completeness to an individual's financial planning, drawn by taking into account the present and future value of assets …

  • Indian debt, currency and equity markets will be closed on Thursday as Mumbai takes part in the five-week long Parliament election process set to conclude in mid-May. Trading will resume on Friday. The ...

  • Asian markets could get a lift on Thursday after tech heavyweights Apple and Facebook beat Wall Street expectations, sending their stock up sharply and boosting Nasdaq futures. The Nasdaq futures were up 1 percent and the S&P 500 0.3 percent. Sentiment on the tech sector brightened after Apple (AAPL.O) decided to buy …

  • India's rice exports could slide by nearly a quarter this year and knock the country off its perch as top exporter of the grain due to stiff competition from Southeast Asian rivals that have recently slashed prices, Indian industry executives said. A drop in Indian exports could help Thailand trim a record inventory chalked …

  • The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco

    The iPhone maker's market value has stood high above most U.S. corporations' for a few years, yet Apple still isn't a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that will chop the price to …

  • Environmental groups urged the United States on Wednesday to drop a challenge to India's massive solar program and said the World Trade Organization case would only hurt the growth of renewable energy resources. The United States is taking action at the WTO over the domestic content requirements in India's program, which …

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