Mumbai: The BSE Sensex snapped four-day winning streak on Thursday, losing as much as 297 points intraday after the RBI's dovish tone in its monetary policy review and left policy rates unchanged. Even profit booking ahead of big event Union Budget 2012-13 (on Friday) may be another reason for driving the Nifty below 5400 level. The most worried point for the market today is that high expectations from RBI. The...
09:18 AM, Mar 15, 2012
Washington: The recent US actions, targeting trade practices of China, are not driven by the upcoming presidential polls, Obama administration has said. The steps against China's trade policies are not driven by the upcoming presidential elections in November, given the Republican leaders are criticising Obama's China policy, the administration said on Tuesday. "It was announced today because the time was appropriate to announce this new trade case. And this trade...
09:36 AM, Mar 14, 2012
New Delhi: The possibility of mid-term polls looms large on the UPA Government at the Centre as allies like the Trinamool Congress (TMC) speak openly about policy paralysis. TMC leader and Union Railways Minister Dinesh Trivedi on Thursday openly said that "policy paralysis will be more acute", thanks to the 2012 assembly election results. He added, "There is a fear that big ticket reforms will be difficult. The parties have...
07:06 AM, Mar 09, 2012
Will the policy paralysis get worse? Or is there a possibility that Dr Manmohan Singh could take radical initiatives? ...
09:26 PM, Mar 07, 2012
Washington: Arguing that any conflict in Iran would have disastrous consequences, India on Tuesday alleged that a series of recent media reports in the US have distorted New Delhi's foreign policy objectives and energy security needs. "Unfortunately, though, a series of recent media reports have presented a picture which not only distorts India's foreign policy objectives and energy security needs, but also creates misunderstanding about its actions," the Indian Embassy...
11:15 PM, Mar 06, 2012
New Delhi: Concerned over huge revenues in form of customs, services and excise duties locked up in litigations, Finance Minister Pranab Mukherjee has constituted a committee to suggest steps to bring down such cases. "Rising litigation with taxpayers is matter of serious concern for the government. A need for reducing the litigation has been emphasised by the Finance Minister. As per the directions of the Finance Minister, a Standing Committee...
06:35 PM, Mar 05, 2012
Google's much talked about changes to their privacy policies will come into effect from Thursday. ...
01:48 PM, Mar 01, 2012
CHENNAI: The city will soon have its own urban transport policy with the Chennai Unified Metropolitan Transport Authority (CUMTA) working on plans in this regard. As efforts are on to ease congestion in the city, the CUMTA, which came into being in 2010, is chalking out a series of measures to make travelling easier. As the city is on a transition phase with massive projects changing its skyline, CUMTA, the...
08:31 AM, Mar 01, 2012
Bangalore: Tech-savvy Karnataka on Wednesday unveiled a special policy on animation, visual effects, gaming and comics (AVGC) to attract investments and generate employment for thousands of educated youth in the sunrise sector. "Karnataka is the first state in the country to formulate a separate policy on AVGC with a view to making the state a preferred destination in the new sunrise sector," state Labour Minister B.N. Bacchegowda said while releasing...
03:24 PM, Feb 29, 2012
In February, an international water summit in Bangalore that discussed private sector participation in water delivery ended on a dry note when a show-closing Water Walkathon was abandoned after anti-privatisation activists stormed the streets. One of the protestors, Kshitij Urs of Action Aid, says the event was an "ominous sign of a slow takeover" by private players. People are not fully aware of the benefits of leveraging private expertise, counters...
11:38 AM, Feb 29, 2012
Brussels: Google's new privacy policy appears to violate the European Union's data protection rules, France's regulator said on Tuesday, just two days before the new guidelines are set to come into force. Google announced its new privacy policy with much fanfare last month. The rules, which are set to come into force on Thursday, regulate how the Web giant uses the enormous amounts of personal data its collects through its...
01:37 AM, Feb 29, 2012
New Delhi: Union heavy industries minister Praful Patel is batting for the auto manufacturers on the diesel duty proposal. The Indian auto manufactures, specifically the diesel auto manufacturers, are concerned about an additional excise duty on diesel cars in Union Budget. Speaking to CNBC-TV18, Patel said dual diesel pricing is not feasible right now. "We have not pitched for hike in duty for diesel vehicles," he said adding, "diesel is...
04:49 PM, Feb 28, 2012
Google will now be allowed to maintain your complete profile and your data will get tracked and stored by the company. ...
09:51 AM, Feb 24, 2012
New Delhi: The Department of Telecom has chalked out a timetable for implementation of new telecom policy - NTP2011 - according to which it would be cleared by the end of April this year. The draft Cabinet note of new telecom policy, which is envisaged to bring in transparency and clarity in the telecom sector, is expected to be circulated to concerned Ministries by Tuesday, to which the responses are...
02:51 PM, Feb 20, 2012
Patna: The Reserve Bank of India (RBI) on Friday said interest rates have peaked and indicated that it would reduce them after taking into account the Budget proposals and global commodity prices. "The inflation and interest rate cycles have peaked and have to come down and for that the RBI will look at events like the budget (2012-13), international crude oil prices and other variable factors to calibrate its policies,"...
09:28 PM, Feb 17, 2012
San Francisco: Under pressure from US legislators, Apple Inc moved Wednesday to quell a swelling privacy controversy by saying that it will begin to require iPhone and iPad apps to seek "explicit approval" in separate user prompts before accessing users' address book data. Apple's move came shortly after two members of the US House Energy and Commerce committee requested the company to provide more information about its privacy policies. Bloggers,...
08:25 AM, Feb 16, 2012
NEW DELHI: A legislation to make the Railway Protection Force (RPF) responsible for all railway related law and order issues, apart from passenger safety, will likely be tabled in March 2012 when the Budget will be discussed in Parliament. The Bill is before the Cabinet for an approval. The RPF Amendment Bill, 2011, which has been sitting for a while, will give it powers to register cases of crime and...
03:07 PM, Feb 13, 2012
New Delhi: Telecom regulator Trai will soon give its recommendations on the exit policy - a move that will pave the way for operators to surrender licences - along with its report on fresh auction of 2G spectrum within two months. "Whatever is connected with the licence conditions, it would be done. Yes," Telecom Regulatory Authority of India (Trai) Chairman JS Sarma told reporters when asked if the regulator will...
07:21 PM, Feb 06, 2012
New Delhi: A day after the Supreme Court cancelled 122 licences in the 2G spectrum case, senior BJP leader Murli Manohar Joshi on Friday accused the UPA government of misusing the NDA government's policy on 2G formulated in 2003. Joshi blamed Prime Minister Manmohan Singh and said that the responsibility of taking action is that of the Prime Minister as well as the Cabinet headed by him. "In case the...
04:59 PM, Feb 03, 2012
Davos: Urging India to move ahead with economic reforms to benefit from the changing global dynamics, top banker Uday Kotak has said it is time for the country to go for a tighter fiscal policy and ease its monetary policy stance. "In the world, what we are seeing is an easing monetary policy and a move toward tighter fiscal policy," Kotak said. "But in India, we had a tighter monetary...
03:06 PM, Feb 01, 2012
