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Spooked by Greek crisis, Re hits all-time low & drags Sensex

The Nifty and Sensex lost in excess of 1.7 per cent on Wednesday following the political crisis in Greece. Dealers said foreign institutional investors pulled out money to fund their over... »

CBI conducts searches at Yeddyurappa's house, offices of JSW Steel firms

The former Karnataka Chief Minister, Mr B.S. Yeddyurappa. (file photo) Officials of the Central Bureau of Investigation searched the residences of the former Karnataka Chief Minister, Mr B. S. Yeddyurappa, his sons and his son-in law as also the offices of JSW Steel... »

Unpopular austerity steps coming: Pranab

The Finance Minister, Mr Pranab Mukherjee On a day the Indian rupee slumped to a record low of Rs 54.56 against the dollar, the Finance Minister, Mr Pranab Mukherjee, played the ‘austerity measures' card »

Beware, your veggies may have been grown in sewage water

There's garbage in your greens. That fresh cucumber in your salad or your dose of green leafy veggies could well have been grown using raw sewage discharge. As water scarcity mounts, far... »
Agri-biz

Onset of monsoon may be delayed, says US agency

A leading US forecaster has contested India Meteorological Department's (IMD) forecast of monsoon onset on June 1. The Climate Prediction Centre (CPC) of the US National Weather Services... »
Today's Pick

Adani Ports and Special Economic Zone (Rs 111.3): Sell

We recommend a sell in the stock of Adani Ports and Special Economic Zone from a short-term perspective. It is evident from the charts of the stock that encountering resistance around Rs 1... »
Companies
Mr Ajay Piramal

Piramal Health to pay Rs 3,400 cr for US co Decision Resources

In its second overseas acquisition in about a month, Piramal Healthcare is set to buy the US-based Decision Resources Group for Rs 3,400 crore ($635 million). This marks the Group's entry... »
Columns

A House in disarray

If one goes to the Association for Democratic Reforms site on the Internet, one will find a goldmine of credible information on various aspects of Indian Parliament and State Assemblies. The infor... »

The real cost of the spectrum scam

Fibre-based connectivity offers the opportunity to unlock the potential at the bottom of the pyramid. Decision makers appear to think terrestrial wireless is the only way to go. We are in real danger of missing the bus on alternative technologies for connectivity. »
Editorial

Lifeline for insurance

The insurance sector needs capital infusion to tone up its risk management systems. There is no harm, then, in raising the FDI cap in insurance to 49 per cent. »
Opinion

Iron ore export duty should be rolled back

Captive mining has led to limited resource exploration. The hike in export duty on iron ore in two phases in 2012 will have severe implications for the iron ore industry. In the first phase, duty was raised to a flat 20 per cent ad valorem on lu... »

End of an era of cheap telephony?

So far, telecom has been a success story. But all that might change. The latest TRAI recommendation prices spectrum at levels that can cripple expansion of rural telephony services. »
Economy
A file photo of Sachin Tendulkar.

HC refuses to restrain Sachin from taking oath as RS member

The Delhi High Court has refused to restrain cricketer Sachin Tendulkar from taking oath as a Rajya Sabha member on a PIL seeking quashing of his nomination to the Upper House. Th... »
Industry & Economy
Global mobile phone sales declined by 2 per cent in the first quarter of the current year. V.V. Krishnan

Mobile phone sales down for the first time in 10 quarters: Gartner

Global mobile phone sales have seen a decline in the first quarter (Jan-March 2012) for the first time after nearly 10 quarters. “Worldwide sales of mobile phones reached 42 crore units in the qua... »
Companies
Mr Rajiv Bajaj

At Bajaj Auto, bottomline as important as volumes

The best does not mean just numbers, says Rajiv Bajaj »
A company could lose key employees if succession issues are not addressed

SME and succession planning

Not a day goes by without newspapers carrying reports on the succession plan — or absence of such a plan — in some corporate or the other. Recent news in this context has been about the Tatas and... »
BMW M5

Review of BMW M5

In the world of performance cars, the brand ‘M' commands a special respect. Tested and tuned to perfection at the world famous Nurburgring race circuit, these are models that are picked out from B... »
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