Gurunath Meiyappan, son-in-law of BCCI President N. Srinivasan, and Chennai Super Kings Principal

Gurunath Meiyappan to appear today at Crime Branch office in Mumbai »

Gold could pause for direction; currency movements hold key

Falling investors’ holding in gold-backed exchange-traded funds, rising dollar and rallying equities all point to pressure on the yellow metal.

Gold prices on spot and futures market are likely to be range-bound on Friday caught between various factors. Speculation that the US Fed will continue its stimulus package kept interest... »

Sensex trading flat; Healthcare, auto stocks skid

The BSE benchmark Sensex failed to sustain its initial momentum due to heavy selling in healthcare and auto stocks amid mixed Asian cues. At 10.00 a.m., the 30-share BSE index Sensex was... »

PMO lends a hand to counter new US immigration law

The Prime Minister’s Office has stepped in to monitor plans of the Government and the IT industry to counter threats posed by the new US Immigration Bill... »

Andhra Bank (Rs 87.6): SELL

We recommend a sell in the stock of Andhra Bank from a short-term perspective. It is evident from the charts of the stock that it has been on a medium-term downtrend since peaking out at i... »

Opinion

Columns

J. V. Ramamurthy

It’s not over for MTNL, BSNL

BSNL can play a key role in the next wave of rural telecom penetration.

If British Telecom could be turned around by hiving off its operations into separate entities, the same can be achieved with BSNL and MTNL. »

S. MURLIDHARAN

Judges need to be provocative

Digvijay Singh clearly betrayed ignorance over conduct of court proceedings when he said that the judges should hold their tongue and say whatever they want to in their written order ... »

Editorial

Cabinet plan

A compromise settlement with Vodafone could turn out to be the ‘real' capital gain for Indian economy. »

Opinion

Renewable energy, a land guzzler

No coal is all very well, but solar power should not take away productive land.

Unfortunately, renewable energy is being promoted on prime farmland rather than wasteland. A policy solution is needed. »

Bring Railways back on track

Where shall we go from here? — V.V. Krishnan

It should be restructured and run as a corporate entity rather than the fiefdom of politicians. »

Banking

SBI Q4 net slips 19% as interest income dips
Dragged down by lower interest income and higher provisioning for bad debts, State Bank of India posted its first drop in quarterly net profit in two years. The country’s largest... »

News

No need for nervousness, says Chidambaram
‘Bernanke has clearly indicated that he will continue with quantitative easing in the foreseeable future, about $85 billion a month or so.’ »

Banking

Global expansion: Canara Bank to raise up to $1 b from overseas market
Canara Bank today said it will begin the process of raising up to $1 billion (about Rs 5,487 crore) through bonds next week from the overseas market to fund global business expansion. “We... »
Sports

IPL spot-fixing: ED begins money laundering probe, books case
The Enforcement Directorate (ED) today registered a money laundering case in the IPL spot-fixing scandal to probe alleged routing of hawala funds and other financial irregularities which emerged a... »

Logistics

Goyal picks up 29% in Jet Airways from promoter entity
Jet Airways Chairman Naresh Goyal today picked up over 29 per cent stake in the private carrier from another promoter entity for about Rs 1,434 crore. The shares were purchased from Tail... »

National

Bengal Govt takes over TV channels run by Saradha group
April 15 was Bengali New Year. And those who tuned into “popular” Bengali music channel Tara Muzik were witness to a first of its kind spectacle. Anchors, employees and artistes of the channel wer... »
Agri-biz

Strong monsoon phase seen into first week of June
All available indications point to a strong phase of South-West monsoon in the first week of June, after seasonal rains break over Kerala coast. This would be underwritten by a wet phase of Madden... »

Companies

Daimler to export Fuso trucks from Chennai plant
Daimler’s manufacturing plant in Chennai is set to begin exports to Asia and Africa. The plant in Oragadam, an industrial hub to the west of Chennai, produces the BharatBenz range of truc... »

Info-tech

Assembled PC biz thrives, but are they here to stay?
Uma Kant, owner of a computer hardware shop at Nehru Place in New Delhi, Asia’s largest computer peripherals market, says a majority of consumers buy assembled PCs from his shop. The mai... »