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NEW DELHI: Its economy may be in the grips of a slowdown, its polity paralysed and markets morose, but all this hasn’t prevented India from overtaking Japan to become the world’s third-largest economy in purchasing power terms. Data just released by the International Monetary Fund (IMF) shows that India’s...
KOLKATA: The government has ordered state-run banks to lower lending rates immediately even before the ink has dried on the Reserve Bank of India’s decision to cut interest rates, potentially adding to the corporate governance debate triggered by the imposition of its will on Coal India. The direction from...
By Kalyani Shankar Of late the West Bengal chief minister Mamata Banerjee is in the news for all the wrong reasons. Her honeymoon with the press seems to be short. Today she is facing criticism for her unexplainable actions like arresting an academic...
The Congress high command may finally end up shifting Manmohan Singh from 7 Race Course Road to Rashtrapati Bhawan. Prime Minister Manmohan Singh is all set to be Congress candidate for the President of India‘s post. There is serious concern within the Congress top brass over the fast decline...
By Anjan Roy Two years after it started raising interest rates, the Reserve Bank of India cut its policy rates on April 17 for the first time. While doing this, RBI has added a rider that given the upside inflation risks still persisting, the scope for future rate cuts...
By S. Sethuraman India’s economy will remain in slowdown in 2012 at an estimated 6.9 per cent, after 7.2 per cent in 2011, with its twin deficits and risk to fiscal balance from energy subsidies while elevated inflation puts the country in a group of emerging economies, barring China,...
By Sugato Hazra Mamata is an irresistible subject, at least to the Indian media. Her rebellious attitude as a politician and even as a Union minister in New Delh ifound many a sneering mentions. Coupled with her weak command over any language other than her mother tongue and steadfast...
MUMBAI: Indian shares provisionally rose more than 1 percent on Tuesday after the central bank cut the repo rates by a bigger-than-expected 50 basis points in a bid to spur growth in the economy. Rate-sensitive stocks were amongst the gainers, though investors expressed caution about the scope of future easing...
By S Sethuraman The Reserve Bank of India has delivered a more than anticipated half a percentage point cut in the key policy lending rate (repo) from 8.5 to 8 per cent with immediate effect, to the great relief of industry and more so, of a Government in distress,...
By Amulya Ganguli When Mamata Banerjee won the West Bengal assembly elections 10 months ago, the CPI(M) must have resigned itself to a long spell in the political wilderness. After all, the Trinamool Congress leader had come to power with several advantages. First on the list was her immense...
By Praful Bidwai Was it pure sensationalism? Or did The Indian Express story of the un-notified movement of two army units, a mechanised infantry formation from Hisar in Haryana and the 50 Para Brigade based in Agrain Uttar Pradesh, towards the national capital on January 16 contain some truth?...
BALASORE (ODISHA): Range preparation for the maiden test of India’s indigenously developed nuclear capable ‘Agni-V’ ballistic missile with a strike range of over 5,000 km is “near complete” and the trial is likely to be held from Wheeler Island off Odisha coast this Wednesday. “If everything goes as per...
Elcome Marine Services,India’s only private naval systems integration company, aims to boost revenue by fivefold over the next five years as warship demands rise for the Indian Navy and Coast Guard. Established in 1978, Mumbai-based Elcome Marine is India’s only small-sector company that integrates navigation, communication, surveillance and weapon...
Eaton Corporation, a New York Stock Exchange-listed power management company with $16 billion sales in 2011, is looking at emerging markets to grow faster. It expects 30% of future revenues to come from developing nations. Curt Hutchins, president (Asia Pacific), Eaton Corporation, speaks to FE’s Shubhra Tandon on the...
BANGALORE: From using jets in place of propeller-driven aircraft for training the beginners, IAF may do a role reversal and use a basic trainer aircraft for intermediate jet training of fighter pilots. The Swiss Pilatus PC-7, the turboprop aircraft chosen by the IAF for replacing the grounded HPT-32 Deepak...
NEW DELHI: In a giant leap for astronomy, India will help build the world’s largest and most advanced telescope. About 20 institutions like the Indian Institute of Astrophysics, Aryabhatta Research Institute of Observational Sciences, Inter-University Centre for Astronomy and Astrophysics and the Tata Institute of Fundamental Research will join...
NEW DELHI: Chief of Army Staff, General V.K. Singh, on Monday downplayed reports that China has dared India again by trying to legitimise its control over Aksai Chin in Ladakh, saying the place is quite far from the Siachin Glacier. When asked to comment on reports that the Chinese...
NEW DELHI: India today strongly condemned the coordinated terrorist strikes by the Taliban in Afghanistan and said the security situation in the Af-Pak region continued to be a cause of concern toNew Delhi. Addressing the biannual army commanders’ conference here, Defence Minister A K Antony asked the top brass...