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Four gang-rape accused found guilty, sentence tomorrow

All the four accused in the December 16 gang rape case were held guilty by a Delhi court on Tuesday. The court gave its verdict in the gang-rape case, in which four adult accused were tried for the rape and murder of a 23-year-old girl in a moving

NTPC looks to acquire stalled power projects

India’s biggest power producer NTPC Ltd has started due diligence of a couple of stalled power projects that it is considering buying, chairman and managing director Arup Roy Choudhury said on Monday. He said the company has a huge c

NHPC halve capacity addition plan

State-owned National hydroelectric power corporation (NHPC), country`s largest hydro power producer, has slashed its capital expenditure plan for the current five year plan by 31 per cent, according to a report published in Business Standard.

Monetary policy today: so who`s the real Raghuram Rajan?

How illiterate can we get! Within a few days of his announcement as the next Reserve Bank of India (RBI) governor, a vicious rumour was circulated on Twitter that Raghuram Govinda Rajan didn’t have an Indian passport.

Modi dons farmer`s hat; reaches out to agriculturalists across India

With eyes firmly set on the impending general elections, Gujarat chief minister and BJP’s prime minister candidate in waiting, Narendra Modi  reached out to country’s farmers. “It would have been better if such a sum

Ongoing tussle with Sebi could impact Sahara`s properties abroad

The crisis-ridden Sahara group of companies, which has been facing trouble from the markets watchdog Securities and Exchange Bureau of India (Sebi) over repayment of Rs 24,000 crore funds it “illegally” raised from public, is in tal

SAIL set to expand, scouting for iron ore mines

According to predictions, within a span of 50 years, SAIL will be requiring around 5.7 billion tonnes of iron ore. It has started scouring for new iron ore mines which will enable it to meet its future demands A steel ministry official ha

ONGC on the brink of going broke

The cash reserve of ONGC ltd. one of India’s most valuable companies, is depleting at a rapid pace owing to the government’s fuel subsidy-sharing mechanism. ONGC had to give discounts of Rs 12,622 crore to state-owned oil marketing com

As domestic woes continue, Sahara knocks on foreign doors for help

Crisis-ridden Sahara group of companies, which has been facing trouble from markets watchdog Securities and Exchange Bureau of India (Sebi) over repayment of Rs 24, 000 crore worth of funds it had “illegally” raised from the public, is

Banking on dairy: cash cows for Gujarat`s tribals

We meet a bunch of women in Amdha village of Valsad district in south Gujarat. Most of them are Kokna Patels. A few belong to primitive tribal groups (PTGs), though there is little in their demeanour to warrant that label. A dairy union brings the

Commodity exchanges to come under finance ministry

Prime minister Manmohan Singh has decided to tighten the monitoring over the 22 commodity markets, including the scam-tainted National Spot Exchange Limited (NSEL) of Jignesh Shah, by placing them under the watchful eyes of the securities exchange

Politics over damages: what`s so special about Narmada?

The land bill has been passed by both houses of parliament with last-minute amendments. The bill comes in the wake of farmers’ protests against land acquisition for industry in recent years, and thus puts in place extra precautions and bette

Economy in doldrums: A policy guide to where we have faltered

With the economy slowing down, the rupee experiencing a free fall and stock market charts going up and down in a frenzy, here’s a reader’s guide on some factors impacting our growth which is currently crawling at 4.4 percent:

Understanding how currency-swaps work

As the Indian rupee tumbled against the US dollar since the month of August, government swung into action by inking a currency-swap deal and boosting market confidence. India signed a currency-swap deal with Japan which enhanced swap facility from

CSCs to sell insurance

According to a notification from insurance regulatory and development authority (IRDA), common services centre (CSC) in rural areas can now sell insurance products and services in both the categories, life and non life. On Wednesday, the

Why blow Zubin Mehta`s Srinagar concert out of proportion?

It’s not every day that Zubin Mehta manages a visa to get anywhere close to the stratosphere of my everyday business. Having been blessed with tone deaf ears, senseless sensibilities and a philistine attitude to life and strife, I could not

Bad debt and NPA: making sense of banking mess

In 2008, Indian policy makers boasted that the global financial crisis would not affect the future growth in this country. In November the same year, the then finance minister P Chidambaram told an international business audience that “we wi

Need collective effort to achieve FI goal: RBI deputy guv

Pointing out that achieving financial inclusion is not a one-way traffic, Reserve Bank of India (RBI) deputy governor Dr KC Chakrabarty on Friday said that besides banks, other stakeholders need to pitch in to be able to effectively realise this g

Hyderabad turns fortress ahead of united AP meet in city today

Hyderabad was in the grip of severe tension on Friday evening amid fears of violence returning to the city during a controversial ‘Save Andhra Pradesh’ meeting scheduled to be held in the city on Saturday. The state capital has

On RTI amendment: `Thanks MPs for listening to the people`

It has been proved once again that India is a robust democracy where peoples` voices are respected. I would like to thank the parliamentarians, too, for listening to the people. I must say we need to continue with pressure. At the same tim

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