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US Jobless rate surges to 10.2 per cent

US Jobless rate surges to 10.2 per centUS said that employers cut 190,000 jobs in October, more than the 175,000 markets had expected but fewer than the 219,000 lost in September. Top 10 US bankruptcies

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Infosys offers multi-function human resource solutions

Infosys offers multi-function human resource solutionsThe offering will help cos streamline their HR ops & reduce costs, as it includes hire-to-retire processes. EXL acquires AmEx BPO | Patni to seal a buy worth $400 mn

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Five magic words to boost morale

Five magic words to boost moraleCompanies like Ritz-Carlton and Starbucks find "I would like your opinion" can go far by staying in touch with staff and customers. Interpret your co-workers behaviour

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Ford puts air bags into back seat belts of SUV

Ford puts air bags into back seat belts of SUVFord planned to offer inflatable rear seat belts, a technology aimed at reducing injuries to children and elderly passengers in a crash. Ford Figo | Honda City | Hyundai i20

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Indian engineers becoming backbone of Japan's IT

Indian engineers becoming backbone of Japan's ITIndian system engineers are making their presence felt in Japan's IT industry. Around 22,000 Indians are living in Japan at the end of '08. Top 10 BPOs | MNC IT in India

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Realty Zing: Realtors include Asia-Pacific to lure NRIs

Realty Zing: Realtors include Asia-Pacific to lure NRIsDevelopers are also looking at churning out 15-20% more biz during 3-month NRI season that starts after festivals. Know home loans | Joint home: Double tax saving

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Why prepaying your home loan is a good tactic!

Why prepaying your home loan is a good tactic!Here is a thought for you. Have you considered prepaying your home loan? Here are some pointers in that direction. Make home loan repayment easy | Home loan

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Gold price tops $1,100 for first time

Gold price tops $1,100 for first timeDealers said mkt continued to find residual support from prospect of cbank buying of gold to diversify their reserves. How to invest in gold | Why is India buying IMF gold?

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AIG posts $455 million Q3 profit

AIG posts $455 million Q3 profitAIG posted its second-straight quarterly profit , helped by recovery in the value of its investments. RBS posts $3 bn Q3 loss | Your financial plan | Top 10 US bankruptcies

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Rico strike ends, suspended workers to be taken back

Rico strike ends, suspended workers to be taken backThe workers went on strike from September 17 demanding, among other things, hike in salary and recognition of their union. Royal Enfield's Classic 500 motorcycles

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FIIs buy shares worth Rs 587 cr

Overseas investors today were net buyers of shares worth Rs 587.02 crore from the local equity markets.

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European shares close higher

European shares closed higher on Friday for the third consecutive session after investors decided US monthly payroll data was not as bad as first feared, with banking stocks the major gainers.

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US stocks up; traders shrug jobs data

Stocks rose early Friday as investors shrugged off news that more jobs were lost in October than expected, pushing the unemployment rate above 10 percent for the first time since 1983.

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Rupee ends at 46.81/82

The rupee ended at 46.81/82 from previous close of 47.015/025, in line with the domestic sharemarket, and on dollar's losses versus other units.

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Gold traders stay away on prices

Gold traders kept to the sidelines on Friday as prices stayed near record highs in the middle of the wedding season, with a strong rupee seen aiding sentiment later in the session.

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Bond yields up; auction results eyed

Indian federal bond yields edged up at as traders awaited the Rs 90 billion bond auction results for further direction.

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Oil falls below $78 a barrel

Oil prices lost over $2 to stumble below $78 a barrel Friday as rising US unemployment figures renewed concerns about the economic recovery and consumer demand.

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India's FX reserves at $284.391 bn

India's foreign exchange reserves fell to $284.391 billion as on Oct. 30, from $285.520 billion a week earlier, the central bank said in its weekly statistical supplement on Friday.

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Monthly WPI data better for market

The government’s move to report WPI inflation data on a monthly instead of a weekly basis will remove a source of market volatility, the country's chief statistician said in an interview on Friday.

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New price index shortly

The wholesale price index for October will be according to the old base year of 1993-94 and the WPI new series with base year 2004-05 will be released shortly, according to a senior commerce ministry official.

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India witnesses 3% rise in forex

In spite of foreign tourist inflow adversely hit in aftermath of 26/11 terror attack and economic slowdown, the foreign exchange earning from the sector has witnessed a three per cent increase this year.

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Oil rises above $80 a barrel

Oil prices rose above $80 a barrel on Friday in Asia as crude investors eyed a surge in global stock markets.

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Upgrade to Win 7, tax issues resolved

The government has removed the anomalies in taxation of packaged software sold through physical media. Windows 7: Will it win? | What's new in Windows 7

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Capgemini plans acquisitions in US

Capgemini would like to join the top five US technology services providers, alongside Accenture and IBM.

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Intel in talks with ITI for JV

Intel plans to participate in bids invited by Indian state-owned telecom equipment maker ITI Ltd to set up joint ventures, the Business Standard reported on Friday.

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MS's product suite online for $10/mth

Finally small and medium enterprises in India can subscribe to Microsoft’s e-mail and collaboration solutions online, for $10 per user per month.

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Google lets users see stored data

Google on Thursday opened a window for users to see what records the Internet giant keeps regarding their activities at YouTube, Gmail, Reader and other accounts.

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MS-Yahoo partnership outside US

Microsoft chief executive Steve Ballmer said on Thursday the company could look to extend its search engine partnership with Yahoo outside the United States, if it gets regulatory approval.

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Mercedes-Benz sales up 4 pc in Oct

German carmaker Daimler AG said Friday its Mercedes-Benz Cars division saw a 4 percent increase in global sales in October.

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US inflation rises to one-year high

A monthly gauge of US inflation pressures rose to a one-year high in October, pulled up by higher commodity prices, a research group said on Friday.

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Volksbanken may skip '10 dividend

Austria's cooperative banking group Oesterreichische Volksbanken AG reported a half-billion euro third-quarter loss and said it expects more charges and higher risk provisions next quarter.

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British Airways to cut 1,200 jobs

British Airways on Friday said the company's net loss more than quadrupled during its first half, forcing the carrier to slash an extra 1,200 jobs in an "essential" cost reduction programme.

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Audi raises 2009 sales expectations

Volkswagen's premium brand Audi expects its vehicle sales to fall less than previously thought to over 920,000 vehicles this year, Audi sales chief Peter Schwarzenbauer told a German newspaper.

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GM EU head quits after Opel U-turn

General Motors Europe head Carl-Peter Forster is quitting in disgust at GM's decision to hang on to its European unit Opel/Vauxhall, Spiegel magazine reported said Friday in its online edition.

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Metro may reach Noida on Nov 12

DMRC likely to inaugurate Delhi-Noida corridor on Nov 12.

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'No information from Pak on Lashkar'

'We have not received any information from Pak over Lashkar plot,' PM said.

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FIR against Amar Singh

FIR was registered against Amar Singh for hurting religious sentiments.

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No decision till March on Quattrocchi

Court deferred decision on CBI plea to withdraw Quattrocchi's name.

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No decision on 26/11 terrorists' bodies

Maharashtra govt in no position to take decision on the disposal.

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I am not fighting for family: Dimple

Dimple Yadav, new face of Samajwadi Party, spells out her thoughts.

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Essar arm’s $1 bn bond issue under RBI scanner

The Reserve Bank of India (RBI) has put a question mark on the mega bond issue of Essar Teleholdings, a firm owned by the Ruias of Essar Group.

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Fresh PSU sale to add Rs 3.2 l cr to M-cap

State-owned firms are expected to add around Rs 3,20,000 cr to combined M-cap of BSE. Top five stock picks | Top 5 Mid-term Picks | Top picks in the auto sector

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For first time, analysts differ on RIL's earnings growth prospects

RIL, which can make or mar the Sensex movement with a 13% weightage, has investors on the edge with research analysts differing on opinions about earnings growth prospects.

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Stimuli finale sways Sensex to selloff club

Markets turned nervous as the Australian Central Bank raises rates. Fresh infusion of funds to RBS & Lloyds rattles investor sentiment further.

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Is Sensex entering a corrective zone?

Although market players are a divided lot, but a set of data points to a correction. Top 5 picks | Mid-term picks | Views/Recommendations | Is the debt option good now?

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Depressed markets leave big cos with little room to invest

A bunch of Indian companies are sitting on a mountain of cash as they found no investment opportunity in a world depressed by the credit crisis.

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Realty focussed PE fund raising skids 61% to $17 bn till May

Fund raising by real estate sector focussed private equity funds have declined 61 per cent to USD 17 billion till May this year, as investors turned cautious while making new investment commitments.

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Prabhudas Lilladher has a reduce rating on Infosys

Prabhudas Lilladher has a ‘reduce’ rating on Infosys Technologies as it feels that the outlook for the company and the software industry is quite weak in the near-term.

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Fin Crisis: Too late and too little done in US

A crisis of $240 trillion cannot be stemmed with bailout packages of $1 to $10 trillion. 2008: Year of global financial crisis | Survive credit crisis | Ghosts of 1929

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Weak rupee takes its toll on cos with huge foreign debt

The falling rupee will severely affect the small companies, whereas the big ones will be impacted moderately. Get rid of Debt | Adopt correct investment strategies

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Wait for more signals before turning positive

At the recent low of 12514 points, the Sensex has tested the 12800-12000-pts support zone and has since then attempted a corrective rally.

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Six Indian cos among BusinessWeek's top 100 Infotech firms

BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th). Successful business formula

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Bank profits to be under pressure in next 6 months

Indian banks made over Rs 6K cr collectively from treasury operations in H1 of FY10 against only Rs 220 cr in corresponding period of FY09. Top picks | Mid-term Picks

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NSE's stock options trade fails to mirror revival

The revival in retail investor participation in the stock market of late, amid the broad-based rebound in shares, has done little to boost trading in NSE’s stock options segment.

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Sebi working on systemic solution to investor woes

The Securities and Exchange Board of India (Sebi) wants to find a systemic solution to address recurring complaints from investors.

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FMCG, pharma seen 'safe' as market turns weak

Investors have turned to the safety of defensive sectors, as market sentiment has become weak. Top stock picks | Mid-term picks | Nifty may remain under pressure

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Managing data

This refers to your edit ‘A welcome quest’ (ET, Oct 8). It is imperative to have a strong database.

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Right technology

Apropos of ‘The climate conundrum’ (ET, Oct 9), Mukul Sanwal rightly suggests that developing countries should lead in setting the agenda for global technological cooperation.

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The same mistake

President Obama is debating with his war council, whether to despatch another 40,000 to 50,000 additional troops to Afghanistan.

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Hike MSP for rice

This refers to your edit ‘Importing rice’ (ET, Oct 10). It’s a great pity that while our farmers are denied some mark-up price above the MSP, we import costly rice.

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Forex inflows

This refers to your edit ‘It’s yesterday once more ‘(ET, Oct 09). No doubt our present economic scenario requires huge funds to support economic growth, and minimise the consequences of the expected fiscal deficit of a very high order

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Condemn killings

People’s Union for Democratic Rights, Delhi (PUDR) unequivocally condemns the gruesome killing of inspector Francis Induwar by the Maoists in Jharkhand.

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Rate cut: Will banks lend more?

The RBI recently cut interest rates by 50 bps, primarily looking at concerns over lingering global economic slowdown and worsening domestic economic situation.

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Will Slumdog benefit Bollywood?

Slumdog Millionaire in a curious way, reproduces a similar paradigm of colonial (now neo-colonial) extraction and dismantling, this time not of agriculture, but of culture.

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Mandatory cost audit: Do we need it?

Recent happenings have shown that a governance structure should also support an organisation’s efforts to improve performance.

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Ban the Big Four accounting firms?

The multinational accounting firms (MAFs) signified by the Big Four entered through alternative route of consultancy under RBI permissions and gradually exploiting the loopholes in laws, started performing audit and accounting functions.

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Do we need more stimulus packages?

Does India need another stimulus package, or should the focus be on implementation?

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Will the new FDI norms be onerous?

Are there still areas left unexplained in the new FDI norms?

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Jail: Movie Review

The exterior façade of Central Jail has been a significant setting in Hindi films with characters making exit from it for years now.

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'Obamas a typical juggling American family'

Whether it's nurturing a vegetable garden in the White House or tending to their children's needs amid all their work, the Obamas are like any other American family, juggling personal and professional lives, US Ambassador-at-Large for Global Women's Issues Melanne Verveer said here Friday.

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Hundreds vie for lucrative NY toilet jobs

Wanted: outgoing and enthusiastic applicants to work as restroom ambassadors in central New York location. Good pay.

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Shoes recession's not-so-guilty pleasure

For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine - and shoes.

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Sixthsense interface to go open source

The latest version of his Sixth-Sense wearable gesture interface can be used to compute using just a piece of paper.

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Kundra to ride a chariot to marry Shilpa

Instead of the traditional mare bringing the groom to Shilpa Shetty's doorsteps, Raj Kundra has decided to ride an elaborate chariot.

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Marcus Wallenberg, Chairman, SEB

As the scion of the one of the world’s most influential business families - that own more than 100 companies, such as ABB, Ericsson, Electrolux, Saab and AstraZeneca - the 53-year-old Marcus Wallenberg has an unparalleled inside view of global business.

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Praveen Kadle, Head, Tata Capital

He played a critical role when Tata Motors acquired Daewoo Motors in 2004. So, not many were surprised when group chairman Ratan Tata chose Praveen Kadle to head Tata Capital, the new financial services company of the group.

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Stephen Roach, Asia chairman, Morgan Stanley

Morgan Stanley Asia chairman Stephen Roach sees India’s growth averaging between 7.5% and 8.5%, but cautions that it can’t afford to be complacent.

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Christpher Wood, Chief Strategist, CLSA

Christopher Wood believes that the growth outlook for China and India is strong. Gainers: BSE ( A, B ), NSE | Losers: BSE ( A, B ), NSE | Top 5 picks | Mid-term picks

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Anand Sharma, Commerce & industry minister, Govt of India

Commerce and industry minister Anand Sharma feels there are signs the worst may be over for India’s exports sector. Despite the improvement, the government is working on another stimulus package for exports.

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Suzanne Smith, MD, South and South-East Asia, S&P

In an interview with Gayatri Nayak, Suzanne Smith, managing director, South and South-East Asia, Standard & Poor’s (S&P), explains how higher government spending is putting pressure on the country’s creditworthiness.

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FIIs buy shares worth Rs 587 cr

Overseas investors today were net buyers of shares worth Rs 587.02 crore from the local equity markets.

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IFCI rises over 2 pc on BSE

Financial firm IFCI Ltd today rose over two per cent on the Bombay Stock Exchange, a day after reports that the government has shortlisted three firms for advising it on stake sale in the financial firm.

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Dolphin Offshore eyes mega deals

The shares of Mumbai-based Dolphin Offshore have significantly outperformed the market over the past one year - logging a gain of 275% against Sensex’s 50%.

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Indiabulls Financial hikes stake in Suzlon to 6.38 pc

Wind energy major Suzlon disclosed that financial services major Indiabulls has hiked its stake in the company to 6.38 per cent, by way of acquisition of pledged shares.

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Tata Tele to raise $ 250-mn to fund expansion plans

Tata Teleservices (Maharashtra) Ltd, plans to raise $ 250-mn to fund its expansion plans, a top company official said.

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IFCI rises over 2 pc on BSE

Financial firm IFCI Ltd today rose over two per cent on the Bombay Stock Exchange, a day after reports that the government has shortlisted three firms for advising it on stake sale in the financial firm.

[Read More]


Dolphin Offshore eyes mega deals

The shares of Mumbai-based Dolphin Offshore have significantly outperformed the market over the past one year - logging a gain of 275% against Sensex’s 50%.

[Read More]


Indiabulls hikes stake in Suzlon

Wind energy major Suzlon disclosed that financial services major Indiabulls has hiked its stake in the company to 6.38 per cent, by way of acquisition of pledged shares.

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Tata Tele to raise $ 250 million

Tata Teleservices (Maharashtra) Ltd, plans to raise $ 250-mn to fund its expansion plans, a top company official said.

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Growth hit as sugar coating wears away

The Balrampur Chini Mills stock crashed 7% from its closing price on Friday, after reports that the proposed leveraged buyout by India’s biggest sugar producer by capacity, Bajaj Hindusthan, had fallen through.

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FMCG: Inflation may spoil show

The adverse impact of a weak monsoon is yet to be reflected in the performance of companies.

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Two killed, six injured in Florida shooting

Two people were killed and six hurt in an office building in Orlando, Florida, emergency officials said on Friday in the second mass shooting in the US in two days.

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MP CM does a Raj over no jobs for Biharis, backtracks

MP CM Shivraj Singh Chouhan did a Raj Thackeray when he said jobs in the state would not be allowed to be taken away by Biharis but backtracked after leaders from Bihar condemned the controversial remark.

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Air India to slash routes in bid to cut costs

Centre has categorically told the AI-IA combine to drastically prune all loss-making routes, which could include the airline’s prestigious daily non-stop flights to New York from Delhi and Mumbai.

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No information from Pakistan over Lashkar plot: PM

PM Manmohan Singh on Friday said he had received no information from Pakistan over a reported Lashkar-e-Taiba terror plot to attack India and called for collective international action to combat terrorism in the region.

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'Operation Green Hunt' invention of media: PC

After heavily publicizing the govt's intention to launch an attack on the Maoists in Chhattisgarh, the Union home minister took a U-turn on Friday by saying that proposed "Operation Green Hunt" was an invention of the media.

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Hawala scam: Madhu Koda associate held

Vikas Sinha, an associate of former Jharkhand CM Madhu Koda, was arrested by the Enforcement Directorate for his alleged role in hawala transactions and illegal investments.

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Indian students hit after 4 Australian colleges close

Over 2,000 international students were left in the lurch, some with barely two weeks to go before they get their degrees, following the sudden overnight collapse of four private colleges in Sydney and Melbourne.

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Nanny sedates baby, 'rents' him out to beggars

The worst nightmare of working parents entrusting the care of their children to nannies became a reality for a city couple recently.

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Raj will ride a chariot for Shilpa!

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Idiot is not the same thing as stupid: Aamir

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Now, wrinkle busting bra for crinkle-free breasts!

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Review: Thumbs up for Ajab Prem Ki Ghazab Kahani

Ajab Prem Ki Ghazab Kahani

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Sourav Ganguly reappointed Kolkata Knight Riders captain

Sourav Ganguly is back as captain of the Kolkata Knight Riders for next year's Indian Premier League. Dav Whatmore has been appointed coach.

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Are Indian women ready for beachwear?

Many Indian designers are launching chic beach and resort wear collections, but would the hot trend catch up with Indian women? Let's explore...

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Lashkar torn between attack on Denmark or India?

Documents submitted by FBI to Illinois district court against two US-based LeT terrorists suggest that a conflict of priorities may have come in the way of the group's plan to launch another Mumbai-style attack.

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How 'being sad' is good for you

Being sad may actually be a good thing because Australian researchers have found that bad moods make people less gullible, more critical and also boosts memory.

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I'm fighting for SP's honour: Mulayam's bahu Dimple

SP chief Mulayam Yadav's daughter-in-law and Akhilesh Yadav's wife Dimple Yadav entered the Firozabad bypoll after her husband vacated the seat. She is now pitched against filmstar Raj Babbar and other heavyweights.

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Best films of '09 from across the globe

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