11633 stories by IPA Staff
Sensex moves higher; M&M, ITC, HDFC Bank, DLF gain
MUMBAI: The Bombay Stock Exchange’s Sensex bounced back led by gains in FMCG, auto, banks and realty space as the Finance Minister Pranab Mukherjee tabled Union Budget for FY12-13 in Lok Sabha. The minister expect fiscal deficit to slip to 5.1 per cent in FY13. The minister expects current...
Nifty under pressure; Reliance Industries, ONGC, Cairn India down
MUMBAI: The National Stock Exchange’s Nifty was near day’s lows as profit booking intensified in oil&gas majors Reliance Industries, ONGC and Cairn India after the Finance Minister Pranab Mukherjee announced cess on crude petroleum oil products as he tabled Union Budget for FY13 in Lok Sabha. “Budget looks more...
Pranab Chooses A Politically Safe Budget
By S. Sethuraman The Finance Minister Mr Pranab Mukherjee has preferred to strike a middle path between boldness and populism in order to gain a broad acceptance of his Budget for 2012-13, fashioned on predictable lines — a course warranted by the political challenges for his Government and an...
Three Strategies To Cushion Rupee Against Large Capital Outgo
NEW DELHI: The government may adopt a three-pronged strategy to cushion the rupee against the potential impact of large-scale capital outflows. This includes curbs on imports of unproductive products like gold and consumer items, easier FDI policy, and an enhanced focus on exports. The government’s new thinking is apparently...
Global Majors Eye Suzlon's German Arm, REpower
MUMBAI: Talk of a stake sale in Suzlon’s European business is back. Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower, said two people familiar with the ongoing negotiations. They said the talks...
Embraer Bullish On Indian Biz Jet Market
HYDERABAD: Brazilian aircraft maker Embraer is bullish about the prospects of the Indian business jet market, the second largest in the Asian region after China. “In Asia after China.. Indiais the second-largest market. We cannot overlook by any means developments of this market,” Embraer...
Can India Ever Militarily Checkmate China?
Going by current trends of the Indian political leadership and the apex national security establishment of investing more on diplomacy than military preparedness to ward off ‘The China Threat’, the analytical answer is a big NO. Strategic analysis would suggest that it should be a pressing strategic imperative for...
Asia Gripped In An Arms Race
Last week it was China that captured the headlines and this week, the attention is all on India as it is on the verge to announce it’s annual budget. Eleven days ago, the authorities in Beijing announced an 11.2% increase in it’s military budget, which clearly underscored the China’s...
Migrant Labour Live In Misery
By Narendra Sharma NEW DELHI: Migrants in the country are denied all facilities available to the other citizens because they have to leave their hearths and homes in search of livelihood. They work harder, are paid not even a minimum wage. Though, they too contribute to the health and...
Global Majors Eye Suzlon's German Arm, REpower
MUMBAI: Talk of a stake sale in Suzlon’s European business is back. Global power equipment and wind turbine majors Alstom, Siemens and GE are negotiating with Suzlon Energy for a possible buyout of its German subsidiary REpower, said two people familiar with the ongoing negotiations. They said the talks...
