Breaking news, views, reviews, cricket from across India

  • Dabur to invest Rs 250-300 crore in capacity expansion in FY19
    on May 20, 2018 at 9:51 am

    FMCG firm Dabur India has planned to invest Rs 250-300 crore in capacity expansion this fiscal year, and is looking for acquisitions in the domestic market going forward, top company officials said."We are going in for brownfield expansion to increase capacity this year. We will have approximately Rs 250-300 crore capex (capital expenditure) for the current year going forward in FY19," Dabur India chief financial officer Lalit Malik said at an investor concall following announcement of the […]

  • Bank of Baroda consolidates operational activities at GIFT City
    on May 20, 2018 at 9:41 am

    NEW DELHI: State-owned Bank of Baroda today said it has consolidated all its operational activities at a shared service center (SSC), which employs over 2,000 people, at Gujarat's GIFT City. Operational services such as retail loan processing, deposit account opening, forex transactions, call center, among others have been migrated to the SSC. "The SSC employs more than 2,000 staff, making Bank of Baroda one of the largest employers in the Ahmedabad-Gandhinagar region," the lender said in a […]

  • View: Benefits of longer trading in derivatives to outweigh costs
    on May 20, 2018 at 9:30 am

    By Rituraj Baruah and Rohit VaidMumbai: Even as the equity brokers are trying to figure out a way to cope with the longer trading hours on equity derivatives, many feel the benefit of "real-time" alignment with global markets would outweigh infrastructure challenges.Some Indian brokerage majors have already started to shore up their manpower and other resources after the Securities and Exchange Board of India (SEBI) permitted stock exchanges to extend trading hours for the equity derivatives […]

  • MTNL investing Rs 190 crore to upgrade services; may be allocated 4G spectrum: Manoj Sinha
    on May 20, 2018 at 8:22 am

    MUMBAI: Cash-strapped telecom firm MTNL is investing Rs 190 crore to upgrade its services and may also be allocated 4G spectrum to help stay relevant in the highly competitive market, telecom minister Manoj Sinha has said. The department of telecom (DoT) is "seriously considering" to allot 4G spectrum to state-run Mahanagar Telephone Nigam (MTNL), which serves New Delhi and Mumbai, and Bharat Sanchar Nigam (BSNL), which serves the rest of the country, he said. "Now we are attempting to make its […]

  • How Modi lost not just power in K'taka but also another, probably more important, battle
    on May 20, 2018 at 5:50 am

    By Swaminathan S Anklesaria AiyarNarendra Modi was voted to power on a platform of accelerating job creation and slashing corruption. He has disappointed on the jobs front. And his political machinations in Karnataka, trying to grab power by hook or crook, now imperil his claim to usher in clean politics. This will dent his image — and votes — in the 2019 general election.The BJP can argue that the Congress has historically been the greatest culprit in buying defectors and […]

  • China pledges 'significantly' more US buying, no trade war
    on May 20, 2018 at 5:42 am

    By Ros Krasny and John McCluskeyChina will “significantly increase purchases” of U.S. goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies.A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment by President Donald Trump’s top economic adviser suggesting […]

  • Petrol, diesel hit new lifetime highs on the 7th straight day of fuel price hikes
    on May 20, 2018 at 5:25 am

    NEW DELHI: Petrol price today touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57 as the oil PSUs passed on four weeks of relentless rise in international oil prices to consumers. Petrol price today increased by 33 paisa a litre in Delhi -- the highest since the daily price revision came into force in mid-June 2017, and diesel by 26 paisa, according to price notification issued by state-owned oil firms. Rates vary from state to state depending on […]

  • Eye on India, two global giants are going all out
    on May 19, 2018 at 5:45 pm

    Two battling technology giants are preparing for a war. The weapons are largely intangible but the prize is tangibly lucrative. The trophy: you.Google and Amazon have intensified their focus on India, an ecommerce frontier that has the greatest potential for now. China, the other great market, has not welcomed the American companies warmly: Google had to quit the Chinese market in 2010, and Amazon has under 1% share there. Unfriendly policies and homegrown behemoths have made it difficult to […]

  • A store closed to the public is at the heart of Walmart's India plan
    on May 19, 2018 at 5:45 pm

    At Walmart India’s fulfilment centre in Bhiwandi, north of Mumbai, centre head Harish Chawchariya demonstrates how a wave is generated. The centre, set up in November, sells grocery and FMCG products to around 1,500 retailers and other cash-and-carry clients (hotels, institutions, etc). Orders are placed online or through visiting executives and are delivered within 24 hours. Four times a day, Chawchariya’s team keys in the accumulated bulk orders and a warehouse management software […]

  • British Columbia may open doors for talent from India
    on May 19, 2018 at 1:41 am

    VANCOUVER: In a move that could open the doors for skilled professionals in Canada’s technology sector, the province of British Columbia is looking at India in a big way to rope in talent under its provincial nominee programme.The programme enables the provincial government to nominate over 6,000 people every year to the federal government for permanent residency in British Columbia, based on an online points system that assesses the applicant’s work experience, language skills and […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]