India’s booming futures trade in commodities is likely to be tested soon, when the Government puts the proposed Commodities Transaction Tax (CTT) into effect. CTT will be levied on gold, silver and other non-agricultural commodities traded through commodities exchanges, once the Finance Ministry formally notifies the tax. »

India seeks access to Chinese market, invites investments

Anil Ambani, Chairman, ADAG, and Hu Huaibang, Chairman, China Development Bank, interacting with CEOs from India and China in New Delhi on Monday. — Ramesh Sharma

Two sides will address trade imbalance issue, agree peace on border is key to ties »

Nestle to modernise Punjab plant, plans Rs 250 cr investment

Antonio Helio Waszyk, Chairman & Managing Director, Nestle India Ltd

Dairy major Nestle India today said it will invest Rs 250 crore on expansion and modernisation of its existing milk plant at Moga in Punjab. In his meeting with Punjab Chief Minister Park... »

No special tax sops for inflation-indexed bonds

Open to retail investors, FIIs; first issue in June »

Inox Leisure (Rs 73): BUY

We recommend a buy in the stock of Inox Leisure from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term uptrend since taking support at around Rs... »

Opinion

Columns

RASHEEDA BHAGAT

‘The economy, the economy, the economy’

Nawaz Sharif’s victory has generated much expectation from businessmen as well as the common man. »

Sunil Kewalramani

US becoming energy kingpin

US shale gas will help meet most of the world's new oil demand in the next five years even if the global economy picks up steam. »

Editorial

Telecom tangle

National security concerns should be de-linked from policies to promote local equipment manufacture. »

Opinion

Lower wheat procurement benefits all

Higher procurement adds to the fiscal burden and pares returns for farmers in a firm market. »

Gold

‘More steps’ to curb gold imports, if needed
Worried over widening current account deficit (CAD), the Government indicated it could take more steps to check gold imports. “Some more steps, if necessary, would have to be taken, but I... »

Info-tech

Samsung launches Galaxy Grand Quattro in India for Rs 17,290
Aimed at maintaining its leadership position in the smartphone segment in the country, Korean handset maker Samsung Electronics today announced the launch of its Galaxy Grand Quattro priced at Rs... »

Info-tech

Hexaware sets up onshore delivery centre in Texas
Mid-size IT solutions company Hexaware Technologies has set up an onshore delivery centre in Texas, US. The centre, which has a capacity of 150 engineers, will support clients in all majo... »
Opinion

RBI curbs on gold counter-productive
The central bank's move to curb gold imports on a consignment basis will only lead to higher forex outgo on each transaction. »

Economy

Employers to retain talent with higher salaries in 2013-14, says TeamLease
Not just hiring activity, but compensation paid to employees may also see a rise in 2013-14, says a new report by TeamLease, a human resource services company. India saw a 11 per cent in... »

Industry

Oil Ministry proposes gas price hike to $6.7
Oil Ministry has moved a Cabinet note to raise the price of natural gas produced by state-owned ONGC and OIL as well as private firms such as Reliance Industries to $6.7, less than $8-8.5 hike pre... »
Sports

Rajasthan Royals terminate contracts of tainted trio
Beleaguered Rajasthan Royals today terminated the contract of the three players — including India pacer S Sreesanth — arrested on charges of spot-fixing in the ongoing IPL besides filing an FIR ag... »

Stock Markets

Healthcare, consumer durables stocks pull Sensex down 50 points
Indian markets shed over 0.2 per cent at the end of the session on Monday on emergence of fresh selling pressure in healthcare, consumer durables, banking and oil & gas stocks amid firm global... »

Related: Should market stay cool to rating downgrade threat?

Economy

Li stresses on mutual trust between China, India
Chinese Premier Li Keqiang has said that peace and regional stability cannot be a reality without mutual trust between China and India. “And likewise the development of prosperity of the... »