New Delhi: Ten years after a sexual harassment row, Phaneesh Murthy is back in the spotlight for harassment again. The 49-year-old IT industry veteran was sacked as President and CEO of iGATE - the California-based company he helped found. iGATE management says, "The board's decision was made as a result of an investigation by outside legal counsel, engaged by the board, of the facts and circumstances surrounding a relationship Mr...
07:40 PM, May 21, 2013
New Delhi: Will brand IPL take a hit after the new spot-fixing scandal? CNN-IBN takes a look at companies that are investing crores in the game. If the fall in ratings was not bad enough, the spot-fixing scandal has put the most successful cricket brand in a fix. Till now, tight matches kept bringing advertisers to come on board with bigger budgets. Official broadcaster Max is expected to rake in...
10:58 AM, May 17, 2013
Gold prices have slipped in the past six months and the near-term outlook is bearish. Why is the yellow metal losing its sheen and is it time to dump the metal from your portfolio? ...
11:24 PM, Apr 15, 2013
Sahara boss Subrata Roy was quizzed by the SEBI officials. Roy has accused the SEBI of wasting time to verify Sahara's investors and said he was questioned only about his personal assets. A belligerent Sahara chief Subrata Roy making a personal appearance before market regulator SEBI. SEBI was seeking details to scertain details of his personal assets so it could move ahead with sale of immovable property, the proceeds of ...
03:38 PM, Apr 12, 2013
Sahara boss Subrata Roy was quizzed by the SEBI officials. Roy has accused the SEBI of wasting time to verify Sahara's investors and said he was questioned only about his personal assets. A belligerent Sahara chief Subrata Roy making a personal appearance before market regulator SEBI. SEBI was seeking details to scertain details of his personal assets so it could move ahead with sale of immovable property, the proceeds of...
03:38 PM, Apr 12, 2013
Will Finance minister P Chidambaram present enough growth opportunity for India as he presents his eighth Union Budget on Thursday . ...
08:47 AM, Feb 28, 2013
The government has finally taken the first step towards de-regulation of diesel prices. A 45 paise increase per month would mean Rs 10 hike every year. A 45 paise hike in diesel prices might seem small but even this small quantum is expected to make life costlier for the common man. ...
06:41 AM, Jan 19, 2013
The sales in consumer durables, auto and gold has seen a rise of 15-20 per cent. ...
09:35 AM, Oct 25, 2012
New Delhi: Many farmers of Gujarat and Haryana have been working with multi-national companies for years. CNN-IBN travelled to the two states tracking reactions on FDI in retail. The farmers in the two states seem to be seeing it as a welcome step. Farmer Satish Singh no longer has the stress of dealing with middlemen to sell his vegetables at the local mandi. He and 150 other farmers from Bakhtawarpur...
09:13 AM, Oct 04, 2012
New Delhi: The Cabinet has cleared a Rs 2 lakh crore proposal to restructure the debt of the state power boards. But the question is whether this will address India's long-term energy problems or drag the government lenders deeper into the red. Just seven of the country's 28 states - Rajasthan, Uttar Pradesh, Haryana, Tamil Nadu, Punjab, Madhya Pradesh and Andhra Pradesh - have between them accumulated losses of Rs...
08:23 AM, Sep 25, 2012
Hapur: The SMS from Sunhara Walmart is the gateway for modern retail and better prices for 54-year-old Santosh Lata and 150 other farmers of Hapur on the suburbs of Delhi. Santosh and many other women like her get on to harvesting vegetables from their farm, load them in bullock-cart and bring to a collection centre. The project is funded by the Walmart Foundation. Santosh says, "Earlier we used to send...
09:26 AM, Sep 16, 2012
New Delhi: In yet another trouble for the government, a new report by the Comptroller and Auditor General (CAG) has exposed the rot in the power sector. According to the CAG, the inefficiency of the National Hydroelectric Power Corporation (NHPC) has meant only two of 16 planned projects have been completed. The CAG report has said that the cost overruns have led to losses Rs 14,700 crore, adding that 10-year...
06:35 PM, Sep 06, 2012
New Delhi: While the government is under fire over the CAG report and the Opposition gunning for Prime Minister Manmohan Singh's resignation in the coal block allocations, UPA's reform agenda has been pushed to a corner. Over 90 bills are waiting for an approval by Parliament and the government's efforts seem to be losing steam as it tries to work against a deadline of the 2014 elections. With only adjournments...
07:21 AM, Aug 24, 2012
Maruti Suzuki has declared a lock out at its violence hit Manesar plant, Chairman RC Bhargava said on Saturday. ...
09:34 PM, Jul 21, 2012
New Delhi: It's peak summer in most parts of India. Demand for power is at a peak of 2,17,000 mega watt. Our power generation, however, is much less at 1,99,877 mega watt. Poor transmission and distribution makes it even worse. Many cities such as Chennai, Bangalore and the capital itself, Delhi, have long power cuts. Forty per cent of the country does not get electricity at all. About six lakh...
01:45 PM, Jul 03, 2012
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