Month: January 2018

UK’s Theresa May says she wants free trade deal with China

Wuhan: Britain is seeking a free trade agreement with China, Prime Minister Theresa May said on Wednesday as she flew to the country for talks with Chinese leaders, adding that more should be done immediately to open up market access for British firms. The ambitious long-term goal of securing a free trade deal with the …

UK’s Theresa May says she wants free trade deal with ChinaRead More »

Supreme Court directs Amrapali to submit comprehensive plan for deliveries

NEW DELHI: The Supreme Court has directed Amrapali to submit a comprehensive plan with regards to deliveries of all its projects. The court has asked the realtor to submit the plan within a week and inform them of the state of construction of all its projects along with how much money is needed to complete …

Supreme Court directs Amrapali to submit comprehensive plan for deliveriesRead More »

Congress lauds CJI Dipak Mishra for taking ‘principled’ stand in Justice Shukla case

CJI Dipak Misra has recommended the removal of Shukla as part of an in-house procedure. (PTI) The Congress today lauded CJI Dipak Mishra for taking a “principled position” in the case of Allahabad High Court judge Justice S N Shukla, who has been found guilty of misconduct by an internal probe into a medical college …

Congress lauds CJI Dipak Mishra for taking ‘principled’ stand in Justice Shukla caseRead More »

No immediate possibility of simultaneous polls: Nitish Kumar

Bihar Chief Minister Nitish Kumar. (PTI) Bihar Chief Minister Nitish Kumar today said he did not see any “immediate possibility” of holding the Lok Sabha and assembly polls simultaneously as meeting constitutional requirements for it to happen would take a lot of time. The JD(U) president, who had switched allegiance to the BJP-led NDA from …

No immediate possibility of simultaneous polls: Nitish KumarRead More »

Hedging gets pricey for sky-high Indian stocks before Budget 2018

Investors in Indian shares are growing increasingly anxious after a stellar rally.The India VIX Index, which measures the cost of NSE Nifty 50 Index options, has risen the most since September 2016 in January, climbing in tandem with the equity gauge. While the trend has been similar in the US and other Asian markets, it’s …

Hedging gets pricey for sky-high Indian stocks before Budget 2018Read More »

Sensex off to good start to 2018, rises 5.6% in Jan; broader markets lag

The benchmark Sensex gained 5.6 per cent in January, its best monthly start to a calendar year since 2015 and third-best start since 2002. The optimism, however, was largely restricted to frontline stocks, with the broad market-based BSE Midcap and BSE Smallcap indices ending with close to three per cent losses.The advance-decline ratio also points …

Sensex off to good start to 2018, rises 5.6% in Jan; broader markets lagRead More »

Working group to meet on roadmap to make India a $5 trillion economy: Suresh Prabhu

Commerce and Industry Minister Suresh Prabhu. (PTI) Commerce and Industry Minister Suresh Prabhu will call a meeting of a working group soon to develop a detailed roadmap for increasing the size of Indian economy to $5 trillion in the coming years. This was discussed today during a review meeting of different initiatives with the officers …

Working group to meet on roadmap to make India a $5 trillion economy: Suresh PrabhuRead More »

Justice Dept, SEC Probe Apple over updates that slow older iPhones

San Francisco: The US Department of Justice and the Securities and Exchange Commission are investigating whether Apple Inc violated securities laws concerning its disclosures about a software update that slowed older iPhone models, according to people familiar with the matter. The government has requested information from the company, according to the people, who asked not …

Justice Dept, SEC Probe Apple over updates that slow older iPhonesRead More »

Airtel, Vodafone & Idea gear up to match Reliance Jio’s 49 a month plan

1 Airtel, Vodafone & Idea gear up to match Reliance Jio’s 49 a month plan TRAI slashes mobile number portability charges to Rs 4 per from Rs 19 Factor in call muting when monitoring call drops on VoLTE, telcos tell Trai Reliance Jio’s Rs 49 per month offer may force Airtel, Vodafone and Idea to …

Airtel, Vodafone & Idea gear up to match Reliance Jio’s 49 a month planRead More »

IAF officer taken into custody on charges of espionage

The investigators are also probing whether the officer was a victim of honey trap. A Group Captain, posted at the IAF’s headquarters here, has been taken into custody by the force for alleged involvement in espionage and possible attempt to access sensitive documents, official sources said today. The investigators are also probing whether the officer …

IAF officer taken into custody on charges of espionageRead More »

West Bengal Government’s budget a populist one ahead of panchayat polls, says Opposition

All the major opposition parties in the state believed that the Trinamool Congress government placed a populist budget. (PTI) The opposition parties in the West Bengal Assembly today described the state budget as a ‘populist’ one, delivered with an eye on the Panchayat polls which is due in the middle of this year. All the …

West Bengal Government’s budget a populist one ahead of panchayat polls, says OppositionRead More »

Mr Jaitley: A pragmatist, not a fiscal hawk

The pre-Budget Economic Survey for 2017-18, tabled in Parliament early this week, has given rise to speculation about the fiscal consolidation stance that Finance Minister Arun Jaitley may adopt in his Budget for 2018-19, to be presented on February 1.The Survey describes fiscal expansion as one of the pitfalls the government should avoid next year. …

Mr Jaitley: A pragmatist, not a fiscal hawkRead More »

Godse’s ideology: Letter to BS on book review of ‘Why I Killed the Mahatma’

In “Explaining Godse” (January 31), C P Bhambri rightly disagrees with Koenraad Elst, the author of Why I killed the Mahatma, about the justification for killing Mahatma Gandhi. Nathuram Godse claimed to respect Gandhi for his service to the country, yet held him guilty of being pro-Muslim on biased self-perception; he did not raise his …

Godse’s ideology: Letter to BS on book review of ‘Why I Killed the Mahatma’Read More »

Win some, lose some: ICICI Bank Q3 net profit falls 32%, revenues up 10%

ICICI Bank, the country’s second largest private lender, posted a mixed bag in its December quarter (Q3) results after market hours on Wednesday. While its core operations might not have left much for investors to cheer, positive trends in asset quality offer hope. Net profit plunged 32.4 per cent year-on-year to Rs 16.5 billion for …

Win some, lose some: ICICI Bank Q3 net profit falls 32%, revenues up 10%Read More »

View: Both South Africa and India will pick sides based on their plans for the 2019 World Cup

By Chetan Narula, Durban For any athlete, the term ‘future’ is a f luid concept. Most spend their lives preparing for the present, and want to stay there. Of course, there are times when there’s no option but to talk about the future. With just 14 months to go to the 2019 World Cup, even …

View: Both South Africa and India will pick sides based on their plans for the 2019 World CupRead More »

Delhi master plan 2021 to be amended for sealing relief

NEW DELHI: Ahead of crucial bypolls in 20 Assembly constituencies of Delhi, the Centre has stepped in to provide relief to traders in the sealing crisis by deciding to amend the Master Plan of Delhi (MPD) 2021 and allowing uniform floor area ratio (FAR) across localities and reducing the conversion charges to help traders facing …

Delhi master plan 2021 to be amended for sealing reliefRead More »

Bidders face up to five-year lock-in for shares of stressed assets

Bidders for assets of companies undergoing insolvency proceedings face up to a five-year lock-in for the shares they acquire. Lending banks are insisting on this to deter sales of the assets by the new promoter at a profit within months of the takeover. “It is a good strategy that the applicant’s shares held in the …

Bidders face up to five-year lock-in for shares of stressed assetsRead More »

Spiritual succor: Temples in Karnataka closed for lunar eclipse

Many temples in Karnataka were closed for the public on Wednesday till the lunar eclipse was over. Temple authorities took the decision in anticipation of the visit of politicians across party lines.Being an election year, politicians have a genuine reason to be worried, and the obvious place to seek spiritual succour would be the nearest …

Spiritual succor: Temples in Karnataka closed for lunar eclipseRead More »

Delhi High Court asks Singh brothers to pay up Rs 35 bn to Daiichi

Malvinder Singh and Shivinder Singh, promoters of Fortis Healthcare, need to pay Japanese drug maker Daiichi Sankyo Rs 35 billion ($550 million), awarded in arbitration over the $4.6-billion sale of Ranbaxy Laboratories to Daiichi in 2008. The verdict was pronounced by the Delhi High Court’s single-judge bench of Justice Jayant Nath. He rejected all objections …

Delhi High Court asks Singh brothers to pay up Rs 35 bn to DaiichiRead More »

Get Whatsapp on an iPad

While we all love our instant messengers, WhatsApp seems to be the current favourite in India. A good testimony to that are the billions of messages sent on New Year’s Eve causing a major meltdown of the servers. On the phone, it is a great app, but every now and then one feels the need …

Get Whatsapp on an iPadRead More »

Review: Sony’s WF1000x – Shed the wires and the noise

Truly wireless earbuds are becoming common, but there aren’t many that come with as many innovative features as in the Sony WF1000x earphones. These arrive in an elegant box which, when opened, reveals superbly packed components — a case, the earbuds, a charging cable, and a whole array of extra silicone tips and wings. The …

Review: Sony’s WF1000x – Shed the wires and the noiseRead More »

Review: Honor View10 – Smart phone for smart users

Here’s a smartphone that has won itself quite a few awards from many tech publications visiting CES, where it was showcased. Performance, features at the price, face unlock, great camera and bits of artificial intelligence True in blue If you’re thinking of picking up the View 10 make sure you get the blue version because …

Review: Honor View10 – Smart phone for smart usersRead More »

Budget 2018: Urgent need for more spending on Cyber Security to boost Modi government’s ambitious Digital India initiative

Budget 2018: India today, has become ripe as a nation to come up with dedicated allocations of budget on cybersecurity. (Reuters) Budget 2018: India today, has become ripe as a nation to come up with dedicated allocations of budget on cybersecurity. Earlier, cybersecurity was never given such an importance in the budget but owing to …

Budget 2018: Urgent need for more spending on Cyber Security to boost Modi government’s ambitious Digital India initiativeRead More »

28.4 lakh e-way bills generated in a fortnight

A whopping 28.4 lakh e-way bills have been generated by transporters within a fortnight of the beginning of registration. (Image: Reuters) A whopping 28.4 lakh e-way bills have been generated by transporters within a fortnight of the beginning of registration. In the 14-day trial period starting January 16, the day when nationwide e-way bill registrations …

28.4 lakh e-way bills generated in a fortnightRead More »

Can Amazon and co. transform health care? It’s not a crazy idea

Health-care costs are a bit like the weather: Everyone talks about them, but no one ever does anything about it. They differ, however, in this regard: People want to do something about health-care costs.A partnership of Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. is forming an independent company, “free from profit-making incentives …

Can Amazon and co. transform health care? It’s not a crazy ideaRead More »

Wall Street plunges after steep losses, boosted by Boeing’s shares

US stocks jumped at the open on Wednesday, after two days of steep losses, boosted by a rise in Boeing’s shares and President Donald Trump’s controversy-free State of the Union address.The Dow Jones Industrial Average rose 226.17 points, or 0.87 per cent, to 26,303.06. The S&P 500 gained 11.59 points, or 0.41 percent, to 2,834.02. …

Wall Street plunges after steep losses, boosted by Boeing’s sharesRead More »

Cong likely to lose leader of opposition post in Odisha

The Congress is likely to lose the leader of the opposition post in the Assembly after the Orissa High Court disqualified the party’ MLA Jogesh Singh, a senior party leader today said. The Orissa High Court had yesterday disqualified Singh, the party’s Sundergarh MLA, for submitting fake caste certificate while filing nomination for the 2014 …

Cong likely to lose leader of opposition post in OdishaRead More »

US puts Hamas chief Ismail Haniya on terror blacklist

WASHINGTON: The US today put the head of Palestinian Islamist movement Hamas, Ismail Haniya, on its terror blacklist and slapped sanctions on him — a move sure to raise tensions, after Washington recognized Jerusalem as Israel’s capital. “Haniya has close links with Hamas’ military wing and has been a proponent of armed struggle, including against …

US puts Hamas chief Ismail Haniya on terror blacklistRead More »

PM Narendra Modi praises President Ram Nath Kovind’s speech on LinkedIn, says it showcased India’s strides on economy

The prime minister also shared important points from the President’s address that showcase India’s strides on economy and other sectors. Prime Minister Narendra Modi today praised President Ram Nath Kovind for acknowledging the work of his government. Taking to LinkedIn, a business- and employment-oriented social networking service, PM Modi wrote, “On 29th January 2018, the …

PM Narendra Modi praises President Ram Nath Kovind’s speech on LinkedIn, says it showcased India’s strides on economyRead More »

Salute! How Hyderabad Traffic personnel saved life of man who suffered heart attack on road – Watch video

The personals tried their best to save the man and did not let the heartbeat stop. (ANI) This video is going viral on social media. The video shows how two traffic personnel saved the life of a person after he suffered a heart attack in the middle of the road. The incident was reported from …

Salute! How Hyderabad Traffic personnel saved life of man who suffered heart attack on road – Watch videoRead More »

GST E-way Bill mandatory from Thursday

E-way bill is mandatory for transport of taxable goods exceeding the value of Rs 50,000 from tomorrow, a Puducherry official said today. (Image: Reuters) E-way bill is mandatory for transport of taxable goods exceeding the value of Rs 50,000 from tomorrow, a Puducherry official said today. Under the Goods and Services Tax, inter-state transportation of …

GST E-way Bill mandatory from ThursdayRead More »

FTIL case: Sebi revokes interim order against 8 individuals

NEW DELHI: Sebi today revoked an interim order passed against eight individuals in the matter of Financial Technologies, now known as 63 Moons Technologies, after finding no evidence of insider trading allegations. The eight individuals are former MCX CEO Shreekant Javalgekar and his wife Asha, FTIL founder Jignesh Shah’s brother Manish Shah and father Prakash …

FTIL case: Sebi revokes interim order against 8 individualsRead More »

HCL Infosystems posts Q3 loss of Rs 62 crore, to sell care business

NEW DELHI: IT firm HCL Infosystems today said its net loss widened to Rs 62 crore for the December 2017 quarter from Rs 50 crore in the year-ago period. The company’s revenue from operations, however, increased 71.38 per cent to Rs 1309.5 crore in the October-December 2017 quarter from Rs 764.05 crore in the year-ago …

HCL Infosystems posts Q3 loss of Rs 62 crore, to sell care businessRead More »

Quess to acquire Monster India, HCL Infosystems’ care business

NEW DELHI: Quess Corp today announced the acquisition of e-recruitment platform Monster.com India and HCL Computing Products in two separate deals valued at up to USD 7.5 million (about Rs 48 crore) and Rs 30 crore, respectively. Quess Corp will also acquire the Singapore, Malaysia and Hong Kong entities of Monster.com for an enterprise value …

Quess to acquire Monster India, HCL Infosystems’ care businessRead More »

Galaxy Surfactants IPO subscribed 20 times last day

Speciality chemicals manufacturer Galaxy Surfactants initial public offer was subscribed 19.97 times so far on the last day of bidding today. (Image: Reuters) Speciality chemicals manufacturer Galaxy Surfactants initial public offer was subscribed 19.97 times so far on the last day of bidding today. Galaxy Surfactants’ Rs 937-crore IPO received bids for 8,85,08,110 shares against …

Galaxy Surfactants IPO subscribed 20 times last dayRead More »

Budget 2018: Should Modi government announce more IITs and IIMs? Here is what people have to say

Budget 2018: Do people want more IITs or IIMs in India? Budget 2018: On his first budget as a Finance Minister Arun Jaitley had allocated Rs 500 crore for setting up five new Indian Institute of Technology (IITs) and Indian Institute of Management (IIMs) and four All India Institutes of Management Studies (AIIMS). The policy …

Budget 2018: Should Modi government announce more IITs and IIMs? Here is what people have to sayRead More »

Budget 2018 may broaden Ujjwala to light up rural housing scheme too

The National Democratic Alliance government’s flagship cooking gas scheme is likely to be linked to the rural housing scheme in order to provide wider coverage. An announcement on widening of the programme is likely to be made in Thursday’s Budget. Officials said the Pradhan Mantri Ujjwala Yojana (PMUY) and the Pradhan Mantri Awas Yojana (PMAY) might …

Budget 2018 may broaden Ujjwala to light up rural housing scheme tooRead More »

Answers to The Strategist Quiz (#547)

1 Which technology consulting service gets its name from Thomas Edison’s quote, “Genius is 1% inspiration, 99% perspiration”? 99U. Owned by Adobe 99U is a consulting service and annual marketing conference in New York 2 This commodity is a hybrid of two cultivars and was first developed at the University of California Citrus Experiment Station. …

Answers to The Strategist Quiz (#547)Read More »

India favourites to lift U-19 World Cup trophy: Sourav Ganguly

KOLKATA: Former captain Sourav Ganguly today tipped India as the favourites to win the Under-19 World Cup final against Australia on Saturday. India crushed arch-rivals Pakistan by 203 runs yesterday to set up a summit clash against Australia on February 3 at Mount Maunganui in New Zealand. “India (will win U-19 World Cup). U-19 team …

India favourites to lift U-19 World Cup trophy: Sourav GangulyRead More »

Kasganj violence demonstrates BJP govt’s failure: SP leader Naresh Uttam

1 Kasganj violence demonstrates BJP govt’s failure: SP leader Naresh Uttam Former Navy chief Ramdas files plea in SC for independent probe into justice Loya’s death Bofors scam case: BJP leader files plea seeking CJI’s recusal Election Commission issues Meghalaya Assembly election notification Mahadayi water dispute: Bandh will be called off if PM intervenes, say …

Kasganj violence demonstrates BJP govt’s failure: SP leader Naresh UttamRead More »

Budget 2018: West Bengal targets agriculture sector, goes farmer-friendly

Budget 2018: West Bengal’s budget for 2018-19, presented in the assembly today, announced a number of relief measures targeting the agriculture sector. (File Photo: PTI) Budget 2018: West Bengal’s budget for 2018-19, presented in the assembly today, announced a number of relief measures targeting the agriculture sector. Finance Minister Amit Mitra, in his Budget 2018 speech, …

Budget 2018: West Bengal targets agriculture sector, goes farmer-friendlyRead More »

Havells India promoters sell 2% stake for Rs 647 cr

1 Havells India promoters sell 2% stake for Rs 647 cr Is the long bull run in global markets finally over? Market Outlook: 10,910 key support for Nifty50 as Budget takes centre stage L&T Finance to raise Rs 3,000 crore through QIP, preferential allotment Indiabulls Housing raises Rs 315 crore via offshore bonds Offshore India …

Havells India promoters sell 2% stake for Rs 647 crRead More »

Is the long bull run in global markets finally over?

By Elena Popina, Sarah Ponczek and Lu WangTwo days of violent price action in U.S. stocks and now everyone’s worried the party’s over. It’s been a long celebration. In a little more than a year since Donald Trump was elected president, the S&P 500 Index has yet to return a down month as $8 trillion …

Is the long bull run in global markets finally over?Read More »

Galaxy Surfactants’ Rs 9.37-bn IPO subscribed nearly 20 times on last day

Speciality chemicals maker Galaxy Surfactants Ltd’s initial public offering (IPO) of shares to raise 9.37 billion rupees ($147.1 million) was subscribed nearly 20 times on the last day of the sale on Wednesday.Investors bid for 88.1 million shares, or 19.9 times the 4.4 million shares on offer, stock exchange data as of 1258 GMT showed.ICICI …

Galaxy Surfactants’ Rs 9.37-bn IPO subscribed nearly 20 times on last dayRead More »

FY17 GDP growth retained at 7.1% and GVA growth revised sharply to 7.1%

The Central Statistics Office (CSO) has sharply raised growth of gross value added (GVA) to 7.1 per cent in 2016-17, from earlier estimates of 6.6 per cent, due to revision in agriculture and mining expansion. However, it maintained its gross domestic product (GDP) growth estimate for FY17 at 7.1 per cent, but has upped it …

FY17 GDP growth retained at 7.1% and GVA growth revised sharply to 7.1%Read More »

Alphabet’s Google aims to get ‘diverse perspectives’ into search results

Alphabet Inc’s Google will put more of a premium on “diverse perspectives” in its search results, saying in a blog post on Tuesday that answers highlighted at the top of result pages would soon display multiple viewpoints on topics for the first time ever. The move comes as internet companies face increasing political pressure to …

Alphabet’s Google aims to get ‘diverse perspectives’ into search resultsRead More »

Market Outlook: 10,910 key support for Nifty50 as Budget takes centre stage

The equity market remained volatile on expected lines. Though the benchmark Nifty50 recovered smartly in the last hour of the trade by nearly 60 points, it still settled the day with a net loss of 21.95 points or 0.20 per cent. As we go ahead into the session on Thursday, we need to look at …

Market Outlook: 10,910 key support for Nifty50 as Budget takes centre stageRead More »

PM Narendra Modi promising ‘pakoda jobs’ to people, says Prakash Karat of CPI(M)

The CPI(M) today alleged that the Prime Minister Narendra Modi who had made a poll promise of creating two crore jobs is now assuring “pakoda jobs” to millions of people looking for work. (Image: PTI) The CPI(M) today alleged that the Prime Minister Narendra Modi who had made a poll promise of creating two crore …

PM Narendra Modi promising ‘pakoda jobs’ to people, says Prakash Karat of CPI(M)Read More »

Super high-tech! Chandrababu Naidu led Andhra Pradesh just got these amazing Made in Germany Rs 1 lakh priced smart cycle – Pics

Andhra Pradesh CM N Chandrababu Naidu on Wednesday launched smart cycles in Secretariat in Amaravati, Andhra Pradesh. (ANI) Andhra Pradesh CM N Chandrababu Naidu on Wednesday launched smart cycles in Secretariat in Amaravati, Andhra Pradesh. The Chief Minister formally launched the smart cycles by peddling from block II to block I of the Secretariat. What’s …

Super high-tech! Chandrababu Naidu led Andhra Pradesh just got these amazing Made in Germany Rs 1 lakh priced smart cycle – PicsRead More »

Sibal wants court-monitored SIT probe into Loya’s death; no CBI involvement

The Congress on Wednesday demanded a court-monitored investigation by an independent Special Investigation Team (SIT) into the death of judge B H Loya, saying there seems to be a “cover-up” attempt.Addressing a press conference here, Congress leader Kapil Sibal said the matter should be referred to an independent SIT and there should be no Central …

Sibal wants court-monitored SIT probe into Loya’s death; no CBI involvementRead More »