Fight against climate change: US outdone by its own

America has all the technological know-how and resources to trigger a ‘renewable energy revolution’ and the world into the era of clean and affordable energy. But it must overcome its political inhibitions and start taking concrete steps at home..

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Subhiksha to acquire Chennai based company

India's major food and grocery and mobile retailer, Subhiksha, is acquiring a majority stake in Chennai based listed company, Blue Green Constructions and Investments Limited. It will have two million square feet of retail space by 2009..

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India Inc feels concerned over economic downturn

With industry hoping for a recovery in the medium term, the moderation in growth, the continuing rise in inflation and input costs has tested the absorptive capacity of companies and any hike in interest rates will build pressure insurmountable. .


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Deora invites E&P industry to submit bids

Minister of Petroleum and Natural Gas, Murli Deora has called upon the hydrocarbon E&P industry to participate in NELP-VII bidding offer and has extended invitation to all members of E&P industry to submit their bids by the due date ie June 30, 2008..

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Gates Foundation announces $23 grant to India

The Bill and Melinda Gates Foundation has announced a US$ 23 million grant to India. The grant is to control the scourge of HIV/AIDS in the country. The money would be spent through NACO in India over the next three years..

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Anti-concentration clause to hit Indian industry

The Federation of Indian Chambers of Commerce and Industry (FICCI) has written a letter to WTO director general criticising several issues of the NAMA text. FICCI said that the revised text has belied the expectations of Indian industry..

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India Infoline: 'Best Broker' in India

Finance Asia has awarded the 'Best Broker in India' title to India Infoline. India Infoline is a pioneer in online stock broking and caters to over 800,000 customers across a network of 758 business locations in 346 cities and towns..

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Price band for oil: Non-solution dumped once

Going by the 2000-2005 yardstick, if at all the price-band idea has any takers, it will be nowhere near the comfort level of $100 that FM indicated. There is no reason to expect that producing countries would agree to anything less than $200!.

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Bachchans and Reliance into a joint venture

RBE is getting bigger and bigger, just days after their Hollywood venture with Spielberg it has roped in Bachchans for a joint venture. It will include film production, television series, reality shows, Internet and mobile content besides live shows..

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Inflation: CMIE’s forecast is plausible

CMIE’s forecast and FICCI’s forecast as to inflation during the year 2008-09 will be the same if FICCI’s forecast is fine-tuned a bit for a favourable Khariff harvest and the leeway available to large industrial units to raise low-cost funds..

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Pyramid food court cooking big plans

A food court at TDI Mall in Delhi has been opened by the Pyramid Samaira Group. Its chief managing director, PS Saminathan, shares his dreams, concerning his food and beverage division and talks about plans of franchising his brands in the near future..

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Inflation high, Sensex dips 15 K

For the first time in 2008, the Sensex dipped from the level of 15,000 points. A huge 6.5 per cent fall in Reliance Industries and 4.5 per cent in Bharti Airtel was responsible for the benchmark Sensex to close at 14590.16 points, down 498 points..

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Tata Communications enters into EJV with CEC

This joint venture, which will become effective after the necessary approvals from the relevant government and regulatory bodies in China are obtained, will be the first-of-its-kind in the Chinese telecom sector post China's entry into the WTO..

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Sahara allowed a breather, courtesy SC

It is time the RBI prohibited residual non-banking companies from collecting daily deposits. Banks anyway have such a deposit scheme in place and they are better placed to administer it. The scheme helps banks in achieving financial inclusion..

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Sahara allowed a breather, courtesy SC

It is time the RBI prohibited residual non-banking companies from collecting daily deposits. Banks anyway have such a deposit scheme in place and they are better placed to administer it. The scheme helps banks in achieving financial inclusion..

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E-learning courses on bank branch management: KESDEE

KESDEE provides innovative and interactive e-learning solutions to the global finance professionals, consisting 600 accredited courses spanning about 1800 hours of e-learning. It has designed a course structure on bank branch management..

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Tech Mahindra ties up with Microsoft IPTV

Tech Mahindra has joined hands with Microsoft IPTV. This would help Tech Mahindra strengthen its IPTV SI capabilities and give both companies an opportunity to expand into new markets. This pact has opened tremendous opportunities for both companies. .
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The Problem with OOXML

When Microsoft tried to bring the OOXML format, only four countries out of 60 odd countries opposed it, one among them being India. So what's the problem with this OOXML formatting? A little more insight will be really delightful..

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India's steel production to increase by FY 2012

The Indian steel production is likely to exceed domestic requirement by FY 2011-2011, which will help ease pressure on alloy prices. This comes as a big relief for the steel sector as steel prices have gone up by over 50 per cent since January 2008..

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All quiet on the exporters’ front

There has been a tendency on the part of managements to focus more on financial risks such as fluctuations in interest and exchange rates rather than viewing them as an integral part of corporate strategy. This imbalance should be addressed first..

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Anil blows the battle bugle against RIL

Anil Ambani's plans to create the biggest Indian corporate conglomerate by merging RCOM with South African mega-corp, MTN triggered another episode in the Ambani family drama. With both sides hardening their stands, keen legal tussle is on the cards..

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Govt raises MSP for paddy to Rs 850 per quintal

With the countdown for the general elections having begun, the government announced a hike in the support price of paddy and sops for organic fertilizers..

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Karnataka: Supply of chemical fertilisers bungled

If politicians were more sensitive than the governor to issues like supply of fertilisers to farmers as the BJP leader implied, then why did not they bring this fact to the notice of the governor? He would have heard them..

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Fine Prints: Toronto's best wedding photographers

Over the past year, the photographers of Fine Prints have made their way to the top. Now, their vast portfolio shows newlyweds why they are the best wedding photographers in Toronto. They capture memories that will last for a lifetime..

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Daiichi Sankyo to buy out Ranbaxy: US$ 2.7 to 3.7 bn

Japanese major Daiichi Sankyo is all set to buy out Ranbaxy, paying anything between 30 per cent and 50 per cent premium for the pharmaceutical company. It would mean the complete exit of Ranbaxy promoters from the company..

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Engineering services outsourcing in India

Yantram, a leading BPO service provider, is committed to offer top quality CAD services at the most affordable rates in the market. It provides HVAC drawings services ranging from implementation, project inception to design, testing and delivery..

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PSB can regain lost ground

The hi-tech private sector banks may have stolen a march over public sector banks as of now. But in the days to come, the former can regain the ground they lost to the hi-tech private sector banks, thanks to their higher visibility in rural India..

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Indian automakers humming for Hummer

There is market speculation that General Motors is planning to off load its gas guzzling Hummer brand to two Indian companies. It is incomprehensible why Indian automakers would want to bring fuel inefficient vehicles to the country..

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RBI Vs Sahara: Timing a rogue or bullying a paragon?

Sahara India is a rag-to-riches story in innovative micro-finance. It earned the trust of the poor masses in an environment when people perceived saving schemes of the government as a fraud upon them. RBI said, SIFCL has broken the country' s law..

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Interest rate hike to hit industrial growth further

The findings of a study by FICCI show that companies across sectors are faced with rising cost of raw materials and oil products. The rising interest rates are also adding to the costs of the manufacturing companies..

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Maruti to open more driving schools in India

Maruti does not only sell cars. It cares for people's safety too. Already, it has driving schools in three cities. Now it will expand its training institutes to 15 more Indian cities. The programme will be based on international driving norms..

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Interest rate hike to hit industrial growth further

The findings of a study by FICCI show that companies across sectors are faced with rising cost of raw materials and oil products. The rising interest rates are also adding to the costs of the manufacturing companies..

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FICCI welcomes hike in oil prices

Government's decision to raise oil prices has been welcomed by FICCI. The chamber has been advocating the need for targetting subsidies to the needy by way of direct cash transfers rather than providing subsidised fuel..

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When Amitabh returned to Sherwood

Whenever one travels back in time, he becomes emotional, especially when the memories go back to the school days where one learns so many things that he cherishes throughout his life. Amitabh experienced the same on his visit to Sherwood..

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Oil price hike shocks Sensex, markets down

Nifty touched the 4,600 level while the Sensex tanked to 15,500 points forced by negative sentiments. The sectors hit hardest included Realty, oil and gas, capital goods, auto and metal stocks, as all BSE indices closed in red..

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Airfare: Skies drift for the middle class

The ever increasing oil prices have taken a toll on the airline department as well. The passengers would now have to pay extra as fuel surcharge according to the distance to be covered..

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Time ripe to cash on Indo-Thai synergies: Report

The development of infrastructure in the North East and closer B2B ties in a host of industrial sectors are set to receive a shot in the arm. FICCI is mounting a strong delegation for the India-Thailand Business Summit in Bangkok from June 6-7..

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RBI against administered interest rate regime

It is not as if the interest rate (on loans) is coming in the way of the growth of small and micro enterprises. Timely availability of finance, inadequate guidance in marketing products and services and technology upgradation are the issues..

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Following the great loan waiver

The article discusses the follow-up steps that have to be taken by various banks to make the loan waiver for farmers operational. It also takes the case of increasing working capital loans to input suppliers in the agricultural sector..

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FICCI seeks concrete guidelines in WTO Services Text

Expressing its disappointment over the WTO Text on Services Negotiations, FICCI said that the text hardly provided any guidelines to ensure effective market access in service sectors and modes of export interest to developing countries..

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