All BSE sectoral indices ended in the red. Among them, Metal, Auto, Consumer Durables and Capital Goods were the worst-hit with each down by up to 1.6 per cent.

Sensex off intra-day lows, ends down 298 points

The Nifty and the Sensex lost in excess of 1.7 per cent on Wednesday following a worldwide sell-off on equities. The Nifty closed 1.71 per cent below yesterday’s close at 4,858.25, down... »

Auto stocks nosedive on BSE

Oil falls sharply on Euro zone worries

Rupee at historic low levels; govt says don’t panic

LATEST NEWS

Bridgestone opens ‘Select' store 47 min. ago

Police to decide on marines 1 hr. 1 min. ago

Speculative selling drags castorseed 1 hr. 6 min. ago

Tourist arrivals to Kerala cross 1-cr mark 1 hr. 10 min. ago

NTPC to add over 8,000 MW in next two years 2 hr. 26 min. ago

L&T expects more order intake in current year

Realty major Ansal launches university

Mahindra Retail launches maternity apparel store in Gurgaon

Bajaj Finance Q4 net up 52%, to pay Rs 12

Bridgestone opens Select Store in Vijayawada

Mr Ajay G. Piramal, Chairman, Piramal Healthcare Ltd (file photo)

Piramal Healthcare Ltd is set to acquire Decision Resources Group - a US-based company in the healthcare information segment, for a consideration of approximately $635 million (Rs 3,400 crore). <... »

Piramal Healthcare buys potential Alzheimer's tracer from Bayer
Piramal Health pays Rs 3,007 cr for 5.5% more in Vodafone India

CBI arrests Matrix Labs founder in illegal assets case

The Central Bureau of Investigation has arrested industrialist and founder of Matrix Laboratories, Mr Nimmagadda Prasad. Mr Prasad is accused No. 12 in the illegal assets case of Kadapa M... »

Freezing of bank accounts: Jagan firm moves HC
CBI court dismisses Jagan firms' plea

Economy

The former Karnataka Chief Minister, Mr B.S. Yeddyurappa. (file photo)

CBI raids at Yeddyurappa, kin’s residences

The Central Bureau of Investigation (CBI) today raided residences of the former Karnataka Chief Minister Mr B S Yeddyurappa, his sons and son-in law along with the offices of JSW Steel and South W... »

Yeddyurappa threatens to quit BJP
Supreme Court orders CBI probe against Yeddyurappa

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... »

Forex

Rupee at historic low levels; govt says don’t panic

The rupee on Wednesday plunged against the the dollar to a historic low of 54.56 before closing slightly better at 54.50 despite RBI’s intervention, raising widespread concerns about the health of... »

Rupee fall due to global factors, no need to panic: Finance Ministry
Currency outlook: Rupee's woes continue

Opinion

Columns

RAMANUJAM SRIDHAR

Of fans and celebrities

Superstar power: Rajesh Khanna and director and ad man Balki shooting the
Havells commercial

It takes courage to use a retired superstar to endorse a brand. »

VIDYA RAM

Steeling itself for the big show

Monstrosity or milestone? Orbit, ArcelorMittal’s steel tower at London’s Olympic Park.

ArcelorMittal hopes that Orbit, the twisty steel tower it is putting up in London's Olympic Park, will signal it as a bold and progressive company. »

Editorial

Coal truths

Ineffective orders to Coal India to adhere to its fuel supply pacts with power producers only underscore the need for mining sector reforms. »

Opinion

The 110 KV bolt from the blue

One of the successful traits of a boss is his/her sharp-wittedness and the ability to remain cool when pushed to a corner, think out of the box and exploit the situation to his/her favour. »

RBI's forex order is unfair on MSMEs

MSMEs do not indulge in currency speculation.

The Reserve Bank's directive, that all foreign exchange earners can maintain only 50 per cent of their inward forex remittances in Exchange Earner's Foreign Currency (EEFC) account (with t... »

Industry & Economy

The Finance Minister raised the limit for cash purchase of jewellery to Rs 5 lakh from Rs 2 lakh.

PAN must for gold buys exceeding Rs 2 lakh

Customers will no longer be able to buy gold bars or coins worth more than Rs 2 lakh – even by paying cash – without furnishing an Income-Tax Permanent Account Number (PAN). That is becau... »

Economy

A file photo of the Finance Minister, Mr Pranab Mukherjee.

DTC Bill to be introduced in monsoon session

The Direct Taxes Code (DTC) Bill, which seeks to overhaul the 50-year-old income-tax laws, will be brought in Parliament in the monsoon session and most of the recommendations of the Standing Comm... »

Logistics

Passengers checking the status of their tickets at an Air India counter at the Indira Gandhi International Airport in New Delhi. (file photo)

Air India cancels 20 flights as strike continues

Air India cancels 20 international and domestic flights on Tuesday. This includes five flights from Mumbai. From Delhi, flights to Amritsar, Hong Kong, Jeddah, Paris and Frankfurt were c... »

Info-tech

It is destination Bangalore for overseas tech product start-ups

Snap MyLife Inc, a start-up headquartered in Princeton, New Jersey, which provides cloud-based applications, opened its India development centre in February. Similarly, in April, BloomRe... »

Commodities

Oil hits 5-month low of $94 per barrel

Oil prices fell to near $94 a barrel today in Asia, extending a two-week sell-off that has brought crude to a five-month low amid concerns over Europe’s debt crisis. Benchmark oil for Ju... »

Industry & Economy

Coal India too will have to pay reserve price for new blocks

Coal India will henceforth have to pay the reserve price, as any other bidder, for acquiring blocks in fresh auction rounds. This will be so even for blocks offered to the public sector entity on... »

BrandLine

Feeding the collector's frenzy

Coca-Cola’s golden can, a tribute to Sachin Tendulkar

Special and limited editions attempt to bring brand and customer closer and are ‘boredom breakers'. »

The X factor for Jaguar

Taking a shine to platinum?

Steeling itself for the big show

With the customer in focus

Is it love, actually?

Different strokes

KLM gets flighty and flirty

Uncle Sam's sales pitch

Smartbuy

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... »

Review of i20

Plantronics Voyager Pro HD review

Bang & Olufsen Beolit 12 review

Olympus OM-D E-M5 review

Companies

RIL's gas output from KG-D6 block drops to 32 mmscmd

Reliance Industries has reported that natural gas production from its eastern offshore KG-D6 fields has dropped to about 32.66 million standard cubic meters per day. Gas output from KG-D6... »

MMTC slips to Rs 23.48 cr, depleted by ad hoc provision

NTPC to add over 8,000 MW in next two years

Bajaj Finance Q4 net up 52%, to pay Rs 12

CarZ opens nine outlets

Bridgestone opens ‘Select' store

Rubfila to expand capacity

Banking

A file photo of Indian Bank's corporate office in Chennai.

Indian Bank to recast Rs 1,157-cr loans in Q1

Exposure to Rajasthan discoms taking its toll »

LIC hikes stake in Bank of Maharashtra

Vijaya Bank to recruit 894 probationary officers

RBI offers $2 bn swap arrangement to SAARC countries

Regional rural banks' staff to go on strike on June 8

Federal Bank launches three cards

NMPT expects to get more mainline vessels

Allahabad Bank to add branches in Bangalore zone

Yogesh Lohiya, new MD & CEO of IFFCO-Tokio

Industry & Economy

Coal Ministry wants more transparency in the system

The Coal Minister, Mr Sriprakash Jaiswal, is in no mood to make any controversial statement. He is clear that whatever be the decision of the high-level ministerial panel dealing with some ticklish issues concerning his Ministry, he will stand by it. »

PAN must for gold buys exceeding Rs 2 lakh

Different formulae emerge for drug pricing at GoM

Glass is greenest packing material

TN to enact State law on Stamp Duty

Realty major Ansal launches university

No plan to ban iron ore exports, says Govt

Long steel products to come under BIS norms from Sept

RS adjourned after BSP, SP create an uproar over UP weavers' plight

Info-tech

Asus launches new notebooks

Computer manufacturer Asus on Wednesday launched new notebooks - Multimedia N56VM and Gamining notebook G75VW-priced at Rs 89,999 and Rs 139,999 respectively. N56VM is the latest addition... »

Airtel, Axis Bank tie up to provide mobile banking

Facebook raises IPO price band to $34-38 a share

Fujitsu launches new tool for retail services

Tata DoCoMo cash back offer in Kerala

Spice to launch `Secure Android' smart phone range

Google launches online safety campaign 'Good to Know'

Markets

‘Indian investors not shying away from taking risks’

Indian investors are not shying away from taking risks and are confident about the India growth story, said a global investor sentiment survey conducted by Franklin Templeton. These investors are... »

Bajaj Finance to raise Rs 750 cr via capital market

Reliance Ind buys back 1.41 cr shares for Rs 1,028.71 cr

Coal India down 2% on BSE

Worrisome trend: 130 stocks hit 52-week low

Speciality Restaurants raises Rs 26.41 cr from anchor investors

Day Trading Guide

Agri-biz

Mr Sharad Pawar, the Union Agriculture Minister. (File photo)

Govt plans to reduce subsidy on fertilisers: Pawar

Concerned over the adverse impact of fertilisers on soil and crops, the government plans to reduce subsidy on it and divert funds to organic manures, bio-fertilisers, green manures and promotion o... »

Coconut oil prices hold steady

Modi to inaugurate mega agri-fair tomorrow

‘Ensure institutional credit for farming sector’

Lack of demand crushes coconut oil

State asks dairy board to buy surplus milk powder from coop societies

Urea price hike likely ahead of kharif 2012

Monsoon to set over Kerala coast on June 1, says IMD

DGFT order a bitter pill, say sugar exporters

Stock Markets

HDFC scrip down 5% as MSCI reduces its weightage

Shares of housing finance lender HDFC Ltd today fell more than 5 per cent amid reports that the company’s weightage is being revised to nearly half on the MSCI Index. While the company sa... »

Ministry to work out details of proposed austerity measures: Pranab

ISE to list options on Facebook on May 29

Vardhman Acrylics to buy back 2 crore shares at Rs 12.50 each

Auto stocks nosedive on BSE

L&T boosts Capital Goods index

Day Trading Guide

Commodities

Poultry feed products may ease on cheaper inputs

Prices of poultry feed products are likely to turn cheaper in the near future on fall in soyameal, maize and bajra rates.Similarly, bajra prices may drop further in the next fortnight or so as new... »

Export, bulk demand lifts turmeric

Weak trend persists in commodity markets

Speculative selling drags castorseed

Oil falls sharply on Euro zone worries

Silver futures fall to Rs 52,278 per kg

Crude futures down at Rs 5,034 per barrel

Pepper moves up

Govt agencies halt procurement in Karnal

Logistics

Power-packed: Key equipment for the North Chennai Thermal Power Station, being moved from Ennore Port, on Tuesday. — Bijoy Ghosh

BHEL moves oversized cargo via Ennore Port

It took BHEL nearly five months to move it, but the PSU finally transported a 310-tonne ‘stator,' a key piece of equipment to generate power for the North Chennai Thermal Power Station, from Harid... »

Air India resumes services to US, Europe

China Airlines launches Chennai-Taipei freighter service

Arshiya Intl opts for Chennai to set up free trade and warehousing zone

Paradip port to handle 50,000 t iron ore pellets from Brazil

‘Completion of airport in Bardhaman by Sept'

Eastern Railway freight traffic up 13%

DMRC book on Metro Man's strategy

M V Harshavardhan catches fire at Kidderpore dock

Economy

‘Lack of policy reforms affecting investment activity'

Mr Benjamin Yeo, Head, Investment Strategy (Asia), Barclays.

A persistently high fiscal deficit has a bearing on the domestic currency and a depreciating currency feeds into inflation for an import-dependent country like India. — Benjamin Yeo, Head, Investment Strategy (Asia), Barclays »

HC refuses to restrain Sachin from taking oath as RS member

Kerala imposes trawling ban from June 15

Police to decide on marines

Assam set to kick-off second phase of power reforms

UAE External Affairs Minister to visit India

Freezing of bank accounts: Jagan firm moves HC

Tourist arrivals in Kerala cross 1-cr mark in 2011

Marketing

Beaches, the most favoured holiday destinations: Survey

Expedia survey highlights that 80 per cent of Indian travellers prefer beach vacation. (file photo)

Beaches seem to be the most favoured holiday destinations by travellers. A survey conducted by online travel agency Expedia highlighted that 80 per cent of Indian travellers already plan... »

Mahindra Retail launches maternity apparel store in Gurgaon

Bridgestone opens Select Store in Vijayawada

IPL5 weather - Partly cloudy in Mumbai

Panasonic launches 30 new models of Smart Viera

Godrej appoints strategic marketing head

FC Barcelona teams up with Conscient for football school

Air conditioner sales tank on cool summer

Parag Milk Foods to flood country with dairy parlours

Life

Making wellness work

Companies are launching efforts to ensure their employees feel good at work and home so that they give their best. »

A competition's solo climb

Summer's salad days

Of mascots and animal magnetism

The banker of philanthropy

On the heritage track

Down to good earth

Alzheimer's: All is not lost

A hundred takes on laadli's impish smile

New Manager

What motivates more, a good appraisal or a great increment?

Appraisal season presents a special kind of headache for both managers and the managed alike. HR practitioners will insist that appraisals are all about evaluating an employee's performa... »

Innovation is the ‘new normal'

Purpose of the notice period

Should companies use notice periods to retain employees?

Shut down at 7 p.m. to improve productivity

A manager's lexicon

Raymond seeks to be ‘the complete' employer

Mentor

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... »

Finance Bill fillip to SMEs

Know your baggage rules

The GAAR conundrum

On a recent retrospective tax proposal

PPP model, to deliver essential services

Disclosure initiative with a twist

Decoding business analysis and analysts

Talent attraction for SMEs

eWorld

Making their way through the merger

Legal complications around Satyam and employee concerns are making the MSat-TechM top brass hard sell the merger »

Trying to rule out e-waste

Mad for mobiles

“Every merger comes with people protecting their own turfs”

Instant popularity with the youth

Samsung steps up with Smart TVs

Betting big on Big Data?

Writer's block

“We spend a lot of time being proactive”

Investment World

What helped MFs to stay ahead of equity markets

When in doubt, bring in the professionals. With the equity markets acting difficult over the year, following the investment choices of mutual fund managers would have paid off well.Consider... »

No regulatory vacuums, says SEBI

Stocks that found favour

Index Outlook: Stocks search for a floor

Ignorance keeps investors away

The art of buying a London home

Head to South Chennai for bargains

Rents firm up in Hyderabad

Query Corner: Bosch moving in a strong structural uptrend