Indian markets nosedived over 2.7 per cent at the end of the session on Thursday on heavy capital outflows as the rupee hit a life-time low of 60 against the dollar amid a weak trend in the global... »

Raghuram Rajan seeks to calm bond, currency and equity markets

A file photo of Chief Economic Advisor, Raghuram Rajan.

Asserting that India’s economic prospects are solid in the medium-term, Chief Economic Advisor Raghuram Rajan today said that markets are overshooting as they tend to in such times. He w... »

Rupee tumbles 103 paise to 59.74

At 4.30 p.m., local time, the rupee was trading weak by 103 paise at 59.74 against the dollar on heavy demand for the American currency from banks and oil importers. Persistent capital o... »

Honda Motorcycle launches new edition of Dream Yuga at Rs 45,101

Honda Motorcycle and Scooter India (HMSI) today launched the new version of its entry level bike Dream Yuga priced at Rs 45,101 (ex-showroom Delhi). The company said the new Dream Yuga i... »

Commodities transaction tax effective from July 1

23 agri commodities out of CTT net »

Opinion

Columns

R. SRINIVASAN

Much ado about Murthy

Narayana Murthy is entitled to choose his team. So why complain? — G.R.N. Somasekhar

Why single out Narayana Murthy for criticism when exercising ‘inheritance rights’ is the norm in India Inc? »

G. PARTHASARATHY

Endgame in Afpak or descent into chaos?

The US roadmap on Afghanistan may run aground, if the experience initiated by the leader of the erstwhile Soviet Union,... »

Editorial

Cloak and dagger research

There is a need for an independent regulator for overseeing research in genetically modified products. »

Opinion

A free lunch we cannot afford

Distribution of free grain is an assault on human dignity.

The Food Security Bill makes no economic sense, given subsidy and storage costs. »

Commodities

Bernanke comments spell trouble for gold bulls
So, US Federal Reserve Chairman Ben Bernanke has spelt out what the bullion market had dreaded all along. The Fed will end pumping money by buying bonds worth $85 billion every month later this ye... »

Companies

Mills & Boon in Hindi, Tamil
While the Hindi titles are in the book format (priced Rs 75), the Tamil stories (priced Rs 25, with an introductory price of Rs 10) will be in the form of a magazine. »

Logistics

Air India may lease turbo-prop aircraft to boost connectivity to small cities
Air India plans to lease turbo-prop aircraft to enhance connectivity to tier II and III cities around the country. Senior Air India officials told Business Line that a group within... »
International

Microsoft retracts controversial Xbox One policies
Microsoft has retracted two controversial policies it planned to introduce with its next-generation game console, the company said on Tuesday. The software giant had planned to require a... »

News

Indian money in Swiss banks dips to record low at Rs 9,000 cr
Indians’ money in Swiss banks has fallen to a record low level of about Rs 9,000 crore (1.42 billion Swiss francs), as a global clampdown against the famed secrecy wall of Switzerland banking syst... »

Industry

Cabinet reshuffle puts a spoke in the quadricycle wheel
Govt may buy time to give approval »

Related: Quadricycles get green signal to ply on roads
Related: No consensus on Bajaj’s quadricycle
Companies

Apollo to sell Cooper tyres in replacement market
More than 70% of production goes to aftermarket »

Economy

Climate change can hit India hard, says World Bank study
South Asia, with India right in the centre, as well as South-East Asia and Sub-Saharan Africa are likely to face the worst heat from climate change, a study released by the World Bank predicts.&nb... »

Info-tech

Jury still out on Murthy’s back-to-basics strategy for Infy
While N.R. Narayana Murthy’s change of strategy has impressed some investors, others want to see results in the near and long term. »