Editor's Choice

Baba Ramdev’s Ultimatum to UPA Government

Baba Ramdev’s Ultimatum to UPA GovernmentBaba Ramdev has given ultimatum to UPA government to agree to his three demands. He further warned the UPA government of revolution in case the government remains mum on the issues of corruption and black money.

I support Anna Hazare and his team and Baba Ramdev as they are trying to bring focus on serious issues like black money, corruption and Lokpal Bill. However, I have a personal opinion to share with these people and their supporters.

Indian Monsoon to Remain Below Average: Government Report

Indian Monsoon to Remain Below Average: Government ReportAfter expressing concerns over lower rainfall across various states in India, the Indian government has accepted that the monsoon will remain below average for the current year. As per the recent report, the monsoon showers have been 22 per cent less than the average rainfall.

The monsoon has deprived most regions of North India. The sowing of crops has been delayed as well. The cities are facing power cuts and industry bodies are complaining about lower production due to power failures.

Aamir Khan’s Show Satyamev Jayate Supported by Public; Ridiculed by Few in Media

Aamir Khan’s Show Satyamev Jayate Supported by Public; Ridiculed by Few in MediaAfter the fair share of eyeballs claimed by Aamir Khan’s show Satyamev Jayate, there are people who are criticizing him for being too fake with his appearance on the show and in interviews. The show has been very successful so far and has been able to get good TV ratings as well as decent share of advertising during the prime slot on Sunday.

Comparing Facebook with Reliance Industries

Comparing Facebook with Reliance IndustriesMark Zuckerberg is a busy and happy man these days. I know that many readers will be shocked after reading the headline, but I have always compared the most popular social networking website Facebook with some major companies that do not operate in online space.

Facebook is used by lots of people across the world and the online social network is coming up with IPO, which will value it at nearly $100 billion and that's a massive amount one can put to an online company.

Boost for Automobile Ventures in Chennai as Jayalalithaa Signs Five MoUs

Boost for Automobile Ventures in Chennai as Jayalalithaa Signs Five MoUsTamil Nadu Chief Minister Jayalalithaa signed MoU with give different companies to speed up the process of setting up production facities near Chennai. Considered as auto hub of India, Chennai will greatly benefit from the current move.

Ashok Leyland-Nissan Motor Company joint venture will invest nearly Rs 4500 crore to setup commercial vehicle manufacturing facility. Yamaha will have its biggest facility in Chennai to manufacture scooters.

Nokia Pureview 808 Coming in May in India at Rs 29,999

Nokia Pureview 808 Coming in May in India at Rs 29,999Finland based Nokia has said that its new phone Nokia Pureview 808 will be launched in May in Indian market. The device has received "Best Mobile Device" award at Mobile World Congress 2012.

The phone is expected to be launched in India with a price tag of Rs 29,999 as per unofficial reports.

Nokia Pureview will offer superior imaging technology and Nokia phone has received Best Imaging Innovation award for year 2012. After the success of other companies in India markets, it was time for Nokia to bring something better to compete.

Real Estate Market in Mumbai Registers Decline in Valuations; Dubai Gains

Real Estate Market in Mumbai Registers Decline in Valuations; Dubai GainsThe trouble of real estate developers in big cities across India has been known to all, but the recent Knight Frank Global Cities Index has reported that residential real estate market of Mumbai has witnessed a decline.

Knight Frank Global Cities report has further indicated that the price in Dubai seen a rise of nearly four per cent. The price has also witnessed a rise in North America in the past 12 months. The price in Mumbai has seen a decline of 9.1% in the past one year.

Tough Week for Indian Markets Ahead

Finance Minister Pranab MukherjeeAfter the Union Budget 2012 announcements made by Finance Minister Pranab Mukherjee, industry and stock markets aren’t very happy. The BSE Sensex closed Friday with a decline of 209 points.

Good thing that happened for the automobile sector was the postponement of additional duty on diesel vehicles. Indian markets are mainly growing on the back of higher volume in diesel segment in case of cars. Many companies will now invest more and increase their capacity.

Government misjudged moderation of inflation, says Ahluwalia

Planning Commission deputy chairman Montek Singh Ahluwalia

Planning Commission deputy chairman Montek Singh Ahluwalia has said that the government may have misjudged the rends in inflation by expecting it to moderate earlier adding that if the prices remain high, it would hurt the government’s credibility.

"It is true inflationary pressure is higher than we had thought it would be... It's absolutely true we have been hoping that this would happen earlier and to that extent our credibility becomes questioned," Ahluwalia said.

Year-on-Year Food Inflation Hits 17.56% on January 23

Year-on-Year Food Inflation Hits 17.56% on January 23For the second consecutive week, the yearly food inflation picked-up pace, adding further evidence to support the speculation that more fiscal steps are on the way in the federal Vegetable vendor budget in order to try and control the price rises, post the Reserve Bank put in more strict monetary policies last week.

Analysts are of the opinion that any rises in prices of petrol and diesel as has been suggested by a Government panel on Wednesday would only further drive the inflation and could lead to more rise.

T T K Healthcare Q1 net surges 4.43 times

T T K Healthcare Q1 net surges 4.43 timesTTK Healthcare, a part of TTK group of companies has recorded a phenomenal growth in standalone net profit for the quarter ended June 2009.

During the review quarter, the profit of the company surged 4.43 times to Rs 23.30 million from Rs 5.26 million in the same quarter previous fiscal.

Company's net sales for the latest quarter also grew by 18.18% to Rs 666.63 million, while total income for the quarter rose 17.85% to Rs 674.67 million, when compared with the prior year period.

NELP policy to remain intact

NELP policy to remain intactGovernment is unlikely to change fundamental norms related to the New Exploration Licensing Policy (NELP) and conduct the eighth round of the auction of oil and gas blocks as per the existing policy according to Mr R. S. Pandey, Secretary, Ministry of Petroleum and Natural Gas.

Mr Pandey, in the sidelines of the NELP VIII road shows in Mumbai, said, "There is no change in policy. We are proposing no modification. Don't believe in misinformation being spread." He maintained that ongoing tussle between RIL and RNRL will not impact fresh auction of prospective gas blocks.

MNP may impact mobile operators

Mobile Number Portability Government's move to allow Mobile Number Portability (MNP) in 2009 may cost very dearly to various telecom service providers as people are said to be waiting for shifting operators after the roll out of MNP. The MNP facility will enable customers to retain their number even if they shift their telecom operator.

Shankari Panchapakesan, Executive Director, Telecom Practice, Nielsen Company, said, ''MNP represents a powerful opportunity for operators to drive in-bound porting of high-value subscribers provided they have a good understanding of who is more likely to switch and why.''

Nasscom projects 7% growth rate for IT segment for FY10

Nasscom projects 7% growth rate for IT segment for FY10The National Association of Software and Service Companies (Nasscom), in its annual report, has scaled down the growth projections to 7 per cent for India's information technology and outsourcing industry during 2009-10.

It may take some time for the IT segment to completely come out of trouble as the market has started to show signs of recovery due to improvement in global and domestic demand.

PM to launch indigenously built submarine INS Arihant today

Prime Minister Dr. Manmohan SinghCountry's first indigenously built nuclear-powered submarine, INS Arihant is all set to enter the sea today when Prime Minister Dr. Manmohan Singh will launch it from the dry-dock at Visakhapatnam.

Dr. Singh along with his wife Gurusharan Kaur, Defence Ministry colleagues and some defense personnel will arrive at the Eastern Naval Command (ENC) airbase INS Dega and present the submarine to the nation.

G-8’s recent move on Nuke issue may hit India

G-8’s recent move on Nuke issue may hit IndiaThe move of G8 countries to curb transfer of enrichment and reprocessing (ENR) technology and equipment to the countries that were not signatories to the NPT, has not gone well with India. The country considers the decision against the spirit of the “clean” waiver given by the 45-membered Nuclear Suppliers Group in September last year.

G8 nations, in its recent meet in L'Aquila, which was also attended by Prime Minster Manmohan Singh, had asked to build consensus within a year to ban transfer of ENR technology to non-signatory countries.

Study suggests recruitment reduced by downturn in Gulf

Study suggests recruitment reduced by downturn in GulfAccording to a recent study, there has been a sharp decease in recruitment activity in the Gulf due to ongoing global recession, which has also resulted in a deep fall-off in the number of vacancies advertised this year in Dubai.

It has been found via a research carried out by Middle East online recruitment firm GulfTalent.com that it has become quite common in the region to adopt discreet and confidential methods of hiring, as well as to shift to low-cost recruitment channels.

Siemens to invest Rs 275 crore on expansion of Vadodara Facility

Siemens to invest Rs 275 crore on expansion of Vadodara FacilitySiemens, a well reputed name in electronics and electrical engineering segment, intends to spend Rs 275 crore on expansion of its steam turbine facility at Vadodara.  

The company said the expansion programme would triple its existing capacity.  

The Vadodara unit currently makes single stage multi stage steam turbines up to 45 megawatts for industrial applications. The expansion programme will increase the factory capacity to manufacture steam turbines up to 100 MW.  

Yahoo’s social news site – Buzz – launched in India

Yahoo Buzz in IndiaWith Yahoo's Thursday launch of its social news site Yahoo Buzz in India, the country becomes the first outside-US market to have the product introduced. In due time, Yahoo intends integrating advertisements into Buzz for revenue reasons.

Buzz plays a vital role in shaping the headlines on Yahoo's homepage, as the social news site help identifyong the top news stories and blog posts, by the way of users' votes and comments.

Indian Markets witness amazing rally; Trading Halted after upper two circuits

Indian Stock markets Indian Stock markets opened with huge gap on Monday and both benchmark indices hit the upper circuit within first few minutes of trade. BSE Sensex and NSE Nifty witnessed a decent rally and the trading was halted for 2 hours.

As the trading resumed, Stock markets again hit the upper circuit. BSE Sensex was up by 17.24 per cent at 14272. NSE Nifty gained 17.33% or 636 points to close at 4308. SEBI has halted trading for the day as stock markets hit the upper circuit twice.

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