Indian markets nosedived over 2.8 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 109 paise to 59.80

The rupee was trading weak by 109 paise at 59.80 against the dollar in the afternoon session on heavy demand for the American currency from banks and oil importers. Persistent capital ou... »

RBI intervenes when it feels there is too much speculative pressure: Montek

A file photo of Planning Commission Deputy Chairman, Montek Singh Ahluwalia.

Following are Planning Commission Deputy Chairman Montek Singh Ahluwalia’s quotes on rupee and inflation: On exchange rate: The Government policy is that we are not fixing t... »

Bernanke comments spell trouble for gold bulls

With the Fed now making its stand clear, gold prices are all set to come under pressure.

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... »

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. »

Companies

Falling Re makes the going tough for apparel retailers
Brands may go for a price hike in the long run »

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... »

Companies

New CEO charts blueprint for Cipla
Growth prescription includes incubation of new business ventures »

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. »