Early in 2011, Baskar Babu, CEO of Suryoday Micro Finance, felt the heat of being in a sector that financiers didn't fancy. The sector's growth depended on supply of credit from banks, and that had dried out. A year earlier, the Andhra Pradesh government had passed a law that, in effect, brought down the recovery rates in the state to a single digit from 95 per cent earlier. Bankers feared...
12:07 PM, May 02, 2012
New Delhi: Budget 2012 presented by Finance Minister Pranab Mukherjee on Friday, March 16, makes eating out and phone bills and other comforts of life costlier, pinching the common man. Increase in service tax will increase one's mobile bills by 2 per cent every month. Two and four wheelers will get more expensive and so will refrigerators, air conditioners (ACs), washing machines, watches, cosmetics and tobacco products. The FMCG industry...
08:58 AM, Mar 17, 2012
Mumbai: The FMCG industry on Friday said they will be forced to increase prices even though sales are already muted and margins are under immense pressure. Finance Minister Pranab Mukherjee increased excise duty to the pre-crisis level of 12 per cent from 10 per cent. "I expect this Budget to have a slightly inflationary effect due to the cascading effect of companies passing on the excise duty increase to consumers,"...
10:59 PM, Mar 16, 2012
CNN-IBN travels across the country to know what the country wants from the Finance Minister this budget. ...
11:19 AM, Mar 12, 2012
CNN-IBN travels across the country to know what the country wants from the Finance Minister this budget. ...
09:34 AM, Mar 09, 2012
Los Angeles: Hollywood veteran Dustin Hoffman says being at the Oscar ceremony isn't as glamorous as it looks. "Oscar is boring. It lasts forever. And don't think you're seeing spontaneous behavior. You see couples who are suddenly smooching, and, well, there's a guy sitting on the ground with the camera at their knees," showbizspy.com quoted the 74-year-old as saying. "There was one particular time I knew I wasn't going to...
11:55 AM, Feb 11, 2012
Mumbai: Indian equity benchmark Nifty snapped 8-day losing streak on Tuesday - bouncing back above the 4800 mark - led by technology, banks, metals and auto (four-wheeler) stocks. But the market was extremely volatile during the day due to choppy trade in rupee. Both the benchmarks trimmed gains in late trade following cut in gains in European markets and downward spiral in the rupee. The 30-share BSE Sensex rose 119.32...
09:03 AM, Nov 22, 2011
Cast: Paul Giamatti, George Clooney, Philip Seymour Hoffman Director: George Clooney 'The Ides of March', directed by George Clooney, is a meaty, fast-moving political thriller about betrayal and disillusionment. And although it makes no new revelations about politics or politicians, it keeps you glued to your seat thanks to some terrific performances from its delicious cast. Clooney himself takes the role of charismatic Pennsylvania Governor Mike Morris, who's in the...
10:46 PM, Nov 18, 2011
New Delhi: The industrial growth of the country slowed to 4.1 per cent in August on account of the poor performance of the manufacturing sector and a decline in mining output, indicating an economic slowdown. Growth in factory output, as measured in terms of the Index of Industrial Production (IIP), stood at 4.5 per cent in August last year. During the April-August period this fiscal, IIP growth stood at 5.6...
11:42 AM, Oct 12, 2011
Stockholm: Three scientists who unlocked secrets of the body's immune system, opening doors to new vaccines and treatments for cancer, won the 2011 Nobel Prize for medicine on Monday. American Bruce Beutler and French biologist Jules Hoffmann, who studied the first stages of immune responses to attack, shared the $1.5 million award with Canadian-born Ralph Steinman, who worked in the United States, whose discovery of dendritic cells key to understanding...
05:20 PM, Oct 03, 2011
Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday added over 156 points as investors picked up stocks, particularly IT shares, available at lower levels after recent losses, amid firming global cues. The 30-share barometer advanced by 156.77 points to close at 16,498.47 points. The index initially touched the day's low of 16,213.18. The broad-based National Stock Exchange index Nifty closed higher by 50.10 points at 4,948.90 after touching a...
09:21 AM, Aug 23, 2011
The Bombay High Court ruling that music companies own the rights has composers and lyricists up in arms. ...
10:01 AM, Aug 03, 2011
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