Breaking news, views, reviews, cricket from across India

  • JPMorgan to sell $203-million stake in Saudi Arabia bank
    on June 24, 2018 at 6:25 pm

    Dubai: JPMorgan Chase & Co plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24% discount as it exits non-core holdings globally.Saudi Investment Bank signed an agreement to buy the 7.5% stake, which JPMorgan held for more than 40 years, for $203 million, according to a statement on Sunday.The Saudi bank will pay 13.5 riyals a share and will hold the stock as treasury stock that’ll be reissued as preferential shares at a later date.JPMorgan is one […]

  • This one step may be crucial for India to avert the impending water crisis
    on June 24, 2018 at 6:09 pm

    By Amitabh KantWater and its management are the biggest challenges that India faces today. Nearly 600 million —half of India’s population — face high-to-extreme water stress. About 70 per cent of our water is contaminated. By 2030, India’s demand for water is estimated to be double the available water supply. This could result in a possible 6 per cent loss to India’s GDP.India has 17% of the world’s population, but only 4% of the world’s freshwater […]

  • What not to do in business? B-schools pull up Nirav Modi, Uber & Sikka as case studies
    on June 24, 2018 at 5:55 pm

    KOLKATA: As a series of scams, frauds and boardroom battles continue to rock India Inc, top business schools in the country are stepping up their focus on ethics and governance in their programmes, to help shape a generation of right-minded business leaders.The Indian Institutes of Management (IIMs), XLRI Jamshedpur and SPJIMR Mumbai are among B-schools redesigning their courses, bringing in inputs from global experts and developing cases in India and abroad, including scams involving Vijay […]

  • B-Schools’ courses focus on Uber, Nirav Modi cases for lessons on ethics
    on June 24, 2018 at 5:55 pm

    KOLKATA: As a series of scams, frauds and boardroom battles continue to rock India Inc, top business schools in the country are stepping up their focus on ethics and governance in their programmes, to help shape a generation of right-minded business leaders.The Indian Institutes of Management (IIMs), XLRI Jamshedpur and SPJIMR Mumbai are among B-schools redesigning their courses, bringing in inputs from global experts and developing cases in India and abroad, including scams involving Vijay […]

  • Navayuga, Sikkim Power bid for Arunachal Pradesh’s stressed power project
    on June 24, 2018 at 5:43 pm

    NEW DELHI|MUMBAI: Krishnapatnam port operator Navayuga Engineering and state-run Sikkim Power Investment Corporation have submitted binding bids for the Rs 15,000-crore planned hydro power project in Arunachal Pradesh that is undergoing insolvency proceedings. The 1,750-mw project awarded by the Arunachal government to Athena Energy Ventures on a 40-year concession has been stalled due to incomplete forest clearances and insufficient funds.Athena Energy owes Rs 550 crore to Indian Bank and […]

  • Hackathon 2018: Students present RFID tech that can locate lost baggage at airports
    on June 24, 2018 at 11:57 am

    Students of three engineering colleges have come up with tagging technology that will use RFID chips to track luggage real-time at every stage of transfer, a concept that may bring an end to baggage being lost or their delivery delayed at Indian airports. The prototypes were presented at the recently concluded Smart India Hackathon by teams from New Delhi-based Bharati Vidyapeeth's College of Engineering (BVCE), SIES Graduate School of Technology, Navi Mumbai, and RV College of Engineering, […]

  • Hiring rate in Hyderabad a concern compared to rest of India, Kolkata on top
    on June 24, 2018 at 10:40 am

    While the overall job market across India grew by 21 per cent in April 2018, as compared to April 2017, in Hyderabad the jump was limited to 13 per cent, shows the latest report published by an online job portal. The city stood at the bottom of charts, along with the IT hub Chennai (also 13 per cent), even as Kolkata walked away with the top spot. The east Indian city reported a phenomenal hiring rate of 38 per cent in April this year and appeared most promising with the greatest momentum.Both […]

  • Why 2019 could leave Modi scrambling to fix his poll math
    on June 24, 2018 at 6:15 am

    By Chetan BhagatPredicting elections in a diverse country like India, and that too almost a year in advance, is impossible. Hence, with that disclaimer, I concede that this article is not a forecast. It is an attempt to find a plausible scenario for 2019, and to quantify the two biggest factors at play at the moment — the ebbing of the Modi wave, and the attempts at opposition unity. What will these two factors cost the BJP+ in terms of seats?The ebbing of the Modi wave has been covered […]

  • Varroc Engg IPO opens on June 26: Key things to know about it
    on June 24, 2018 at 5:30 am

    NEW DELHI: The IPO mart is buzzing again. After a brief hiatus owing to market volatility, the pipeline for mainboard IPOs appears robust. Last week, two issues -- RITES and Fine Organic -- received solid response from investors. Leading FMCG player Anmol Industries filed draft papers with Sebi for an IPO.Auto component manufacturer Varroc Engineering is slated to launch its initial public offering on June 26, Tuesday.Here's a lowdown on everything you need to know about the issue:-About the […]

  • The week in 10 stocks: RIL, BoM IDBI Bank; highs, lows & IPOs
    on June 23, 2018 at 9:38 am

    The domestic equity market settled the volatile week with marginal gains amid some buying in financials as well as oil marketing stocks.The BSE Sensex advanced 67.50 points, or 0.18 per cent to 35,689 on June 22 from 35,622 on June 15. The NSE Nifty index added just 4 points, or 0.03 per cent, to 10,821 for the week ended June 22.ICICI Bank, HDFC, BPCL, Bajaj Finserv and HDFC Bank rallied up to 6.42 per cent in the Nifty index last week, while UPL, Hindalco, Coal India and HCL Tech slipped […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]