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The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Have rules that dilute law: US
US has begun piling pressure on India to be mindful of the concerns of foreign suppliers when rules are framed for the civil nuclear liability bill passed by Parliament.
Caste census next year
The Centre proposes to conduct caste census as a stand-alone exercise between June and September 2011, three months after completion of Census 2011.
Bakery blast LeT-IM project
The Mumbai Anti-Terror Squad has found a Lashker-e-Toiba-Indian Mujahideen footprint in the German Bakery in Pune.
Will find a way out for Navi Mumbai airport: Ramesh
The Navi Mumbai airport project is back on track.
SC clears Greater Noida-Agra Expressway
The Supreme Court has upheld the Mayawati government’s decision to acquire 1,604 hectares of private land, clearing the way for the six-lane Yamuna Expressway Project linking Greater Noida to Agra.
MCX-SX gets Sebi notice on holding norms
Sebi has issued a notice to MCX-SX, asking it to justify as to why the regulator should approve its proposal to launch trading in equities on the ground that the exchange has not conformed to existing public shareholding norms.
Dr Aubrey de Grey, editor-in-chief, Rejuvenation Research
Countries such as India and China must make the most of the recent advances in regenerative medicine and cut monumental costs of old age, sayd Dr Aubrey de Grey.
Despite talent shortage in IT, India will remain competitive: Infosys
Despite talent shortage in IT, India will remain competitive: InfosysIndia will continue to be competitive for at least next 5 to 10 yrs, Infosys CEO & MD S Gopalakrishnan said.
Oracle to pay Hurd $ 10 million in bonus
Oracle to pay Hurd $ 10 million in bonusHurd's offer letter states he will be granted a stock option to purchase 10 million of Oracle's common stock.
Emerging market stocks to surge to $80 tn by 2030: Goldman
Emerging market stocks to surge to $80 tn by 2030: GoldmanFaster economic expansion and growing capital mkts may lift emerging nations' share of world equity cap to 55% by 2030 from 31% now.
Google seeks to speed up Web searches
Google Inc unveiled a set of enhancements to its Internet search engine on Wednesday that predict search queries as users type, promising to speed up the time it takes to find information online.
Toyota recalls more than 116,000 Hi-Lux vehicles
Toyota Wednesday announced a safety recall of more than 116,000 four-wheel-drive HiLux vehicles in Australia, following concerns that the vehicles might be damaged if used frequently on rough roads.
Confident, no tax to pay on India transaction: Vodafone
Confident, no tax to pay on India transaction: VodafoneVodafone is confident that there is no tax to pay on the India transaction, after the Bombay High Court dismissed the company's petition in the tax case.
Cairn Energy to pay up to $1.1 bn in taxes on Vedanta deal
Cairn Energy to pay up to $1.1 bn in taxes on Vedanta dealCairn said it will pay all taxes due, both in India and the UK, on the $8.48 bn sale of a majority stake in its Indian arm to Vedanta Resources.
Vodafone exploring options to challenge HC judgement in SC
Vodafone exploring options to challenge HC judgement in SCReacting to HC order that said the I-T department has jurisdiction to tax the transaction, the co asserted that it is seeking legal advice over the judgement.
Infosys expresses concern over Ohio's move to ban offshoring
Infosys expresses concern over Ohio's move to ban offshoringThe move is yet another blow to the Indian IT industry, which is facing higher visa costs.
BA-Iberia M&A plan highlights Asian airline prey
The acquisition plan outlined by British Airways and Iberia aims to land in Asia, with several viable companies waiting at the end of the runway.
'RBI unlikely to touch short-term rates in review'
The country's largest lender, State Bank of India, expects the Reserve Bank to keep its key short-term rates untouched in the mid-quarter review of its monetary policy to be announced on September 16.
China's stealth tightening over the past year
The People's Bank of China has been utterly consistent in its official description of monetary policy since the outset of the global financial crisis in late 2008: It has been "appropriately loose" for nearly two years.
Policy for special manufacturing zones soon: DIPP
The Centre is likely to announce the policy for units in the proposed special investment zones by end of this year, a move that is aimed at increasing the share of manufacturing in the overall economic growth.
BP set to publish report on oil spill rig blast
BP is due to release its internal investigation into what caused a rig blast that led to the United States' worst ever oil spill.
China targets 7 strategic industries for growth
China on Wednesday reaffirmed its intention to promote seven new strategic industries, including alternative energy and biotechnology, and spur firms in those sectors to expand abroad.
Govt seeks to invest in Peruvian economy
India is keen to invest in Peru's hydrocarbon, mineral, pharmaceutical and agriculture sectors through joint ventures and deepen the economic engagement with the South American country.
Dana rebuts KNOC bid, says worth much more
Dana Petroleum rejected a hostile 1.67 billion pound ($2.57 billion) bid from Korea National Oil Corp on Wednesday, citing an independent valuation that said the UK explorer was worth considerably more.
IAF to kickstart its network centric warfare
The IAF is all set to boost its network centric warfare capability by kickstarting Air Force Network (AFNET).