News Flash:

22 helicopters have been pressed into service to rescue people stranded in areas around Kedarnath: MoS Home RPN Singh

The early monsoon has resulted in heavy floods in Himachal Pradesh and Uttarakhand impacting the hydro power stations.

The power stations run by NHPC, SJVN and Jaiprakash Power Ventures across Jammu and Kashmir, Himachal Pradesh and Uttarakhand are not working because of heavy rains, silt deposits or tripping of transmission lines. This is resulting in power cuts in the Northern States including the national capital. »

EU regulator fines Ranbaxy, 8 others over Citalopram generic delay

The fine on Ranbaxy Laboratories Ltd and Ranbaxy (UK) Ltd, is €1,03,23,000.

The European Commission today imposed a fine of €146 million on nine pharma companies, including Ranbaxy Laboratories, for delaying market entry of cheaper generic versions of Danish company Lundb... »

Sensex ends flat; Consumer durables, metal stocks shine

Indian markets ended the session on Wednesday marginally in the green as investors remained cautious ahead of the outcome of the US Federal Reserve policy meeting that may clarify the outlook for... »

Monsoon havoc claims over 130 lives in North

Flooding Yamuna river force people to move lock, stock and barrel. Photo: Ramesh Sharma

Flash floods and landslips triggered by the monsoon fury left eight more persons dead, taking the number of people killed in calamity hit Uttarakhand and Himachal Pradesh to 138, even as 2,700 pil... »

Opinion

Columns

ASHOAK UPADHYAY

The illusion of cheap money

Allowing banks to play around with cheap money is a dangerous idea.

Behind the demand for interest on cash reserve ratio is the notion that cheap money is all it takes to get growth going. Happily, the RBI isn’t buying that. »

ASHIMA GOYAL

Missing the wood for the trees

The FSLRC has basically followed the common law tradition in laying down the principles that are to guide regulators, who are, in turn, to draft subordinate regulation to respond to the flux of unfolding events and financial arbitrage. »

Editorial

Chasing ghosts

When the Centre reneged on its promise of marketing freedom, subsequent bidding rounds for oil and gas blocks were a failure. »

Opinion

A brother’s tribute to a brother

B. Raman… A sharp mind and critical analytical powers

B. Raman was always so full of life, so full of ideas on security, intelligence and the fight against terrorism. »

Lessons from the Ranbaxy fallout

D.G. Shah , Secretary-General, Indian Pharmaceutical Alliance. — Paul Noronha

The learning is that any form of non-compliance is far more costly than compliance. To elaborate, Ranbaxy’s $500 million penalty is small compared to the business it lost in the last few years. »

Companies

Tata Motors rolls out 8 upgraded passenger vehicle models
Tata Motors today unveiled eight new refreshers across five brands and launched a customer-focused strategy — Horizonext — for its passenger vehicles business. The refresher models (impro... »

Mobile handsets

Lenovo K900 review
Battle of the titans is one thing. What about those who are still finding their way to the battlefield? The likes of Lenovo, which up until a year ago, was associated with laptops and workstations... »

Companies

Dr Reddy’s sued for ‘infringement’ of thyroid injection patent
US-based drug maker AbbVie Inc, the spun-off entity of Abbott, has dragged Dr Reddy’s Lab to court for allegedly infringing the former’s patented drug Zemplar on six counts concerning three patent... »
Banking

FINANCIAL SCAN

QE jitters overdone
The market has suddenly taken fright that even in the ‘modest’ and ‘moderate’ growth and jobs environment, the US Fed will start reversing quantitative easing. »

Agri-biz

Weak La Nina condition could favour monsoon
Japanese scientists have clarified that differential impacts of a negative Indian Ocean Dipole are at play as a rampant monsoon pulse runs its course over the landmass. Ne... »

Logistics

Kharge takes charge as new Railway Minister
Mallikarjun Kharge, who took charge as the seventh Railway Minister in the UPA-II regime on Wednesday, took a cautious stand and refused to answer any questions before having a detailed discussion... »
Info-tech

How they win friends and influence people
Many celebrities and brands buy fans and followers on social media to appear popular »

National

Goa govt plans to amend tenancy Act to allow contract farming
The Goa government is toying with the idea of amending the Goa, Daman and Diu Tenancy Act, which will pave a way for contract farming to spur agricultural growth in the state. The State c... »

Politics

Nitish Kumar wins trust vote in Bihar Assembly
After dumping ally BJP, Bihar Chief Minister Nitish Kumar today comfortably won a vote of confidence in his Government in the Bihar Assembly amid signals of a new political alignment as Congress b... »