Page 68 - Video Gallery

TVS Logistics breaks its traditional shackles

Unlike other TVS group companies, it wants to achieve global scale through acquisitions

Cars catch cold at Geneva motor show

When focus at Geneva auto show is firmly on hypercars than regular cars, you know something's amiss

Economic Survey decoded by Shyamal Majumdar, Executive Editor, BS

Shyamal Majumbar explains what Chief Economic Advisor Raghuram Rajan's first Economic Survey means

Budget analysis by T N Ninan, Chairman, BS

Chidambaram walks tightrope to fix the fisc; levies new taxes to raise Rs 18,000 cr

The making of India's Budget

The Budget takes six months to prepare, and encompasses every branch of government

The making of India's Budget

As winter takes hold of northern India at the end of every year, in New Delhi's corridors of power, a well-oiled bureaucratic machine moves into a higher gear, in preparation of India's annual Budget, perhaps the country's most importantly yearly statement.

The making of India's Budget

As winter takes hold of northern India at the end of every year, in New Delhi's corridors of power, a well-oiled bureaucratic machine moves into a higher gear, in preparation of India's annual Budget, perhaps the country's most importantly yearly statement.

Pre-market: Soft opening seen

Pre-market: Soft opening seen

Pre-market: Positive trades likely

Pre-market: Positive trades likely

Asia shares higher on US debt deal

Asian shares opened higher on Monday, after U.S. lawmakers agreed on a deal to raise the U.S. debt limit. After a tense weekend in which rival plans to lift the U.S. borrowing limit were shot down in Congress, U.S. President Barack Obama said leaders from both parties reached a deal to cut the budget deficit by 1 trillion US dollars over 10 years, with additional savings of 1.4 trillion US dollars possible. Obama announced the last-minute deal late on Sunday, and he urged lawmakers to "do the right thing" and approve the agreement.

Inflation to be brought down to accelerate Growth

Reserve Bank of India Governor D Subbarao expressed concern over inflation and said it needs to be curbed to boost the economic growth. While speaking at Conference on ¿Financial Inclusion¿ in Agartala on Thursday, Subbarao said curbing the rising inflation is very necessary to protect the poor so as to provide them a decent livelihood. Subbarao further revealed that central government and the RBI tend to open the banking branches in the villages that do not have access to them.

RBI hikes key rates by 50 bps

Trying to rein in growing inflation, the Reserve Bank of India today raised key short term lending rates by 50 basis points. While addressing media persons at Mumbai today, RBI governor D. Subbarao announced the first monetary policy review of 2012. He informed that Repo rate will be up to 7.25% and the Reverse Repo to 6.25%, while Cash Reserve ratio remains unchanged.

'Liquidity will be comfortable by July end'

Chairman of State Bank of India and Indian Banks Association, Om Prakash Bhatt in Mumbai on Monday, opined that the cash crunch in the banking system should begin to ease by the end of July 2010. It may be recalled that cash available with banks have been tightened after telecom companies pulled out more than $21 billion to pay for 3G licences and broadband spectrum in late May and June.

'Too soon to judge Yuan pledge impact'

RBI¿s deputy governor on Monday assured that there is no reason of immediate worry about the revaluation of Yuan. He noted that it is too early to judge the impact that China's Market analysts also voiced similar sentiments saying that we should wait and watch as China's central bank said late on Saturday it was ready to make the Yuan more flexible, signaling it was ready to scrap its 23-month-old currency peg, citing a global economic recovery and more balanced external trade.

RBI would adjust changes if required

India's Finance Minister Pranab Mukherjee in Surat on Wednesday said that, the Reserve Bank of India would adjust changes in monetary policy if required. Mukherjee said that India would have crossed double-digit figures of growth had the global financial crisis not struck in 2008-09.He also added India needs at least 50 million skilled workers to meet the requirements of industry.

'Rising food prices will ease after July'

India's Finance Minister Pranab Mukherjee on Monday said that food prices would ease after July and that he was not in favour of altering monetary policy. The Reserve Bank of India (RBI) expects inflation to soften around mid-2010 on a normal monsoon and moderation in food prices and has forecast the March 2011 WPI inflation at 5.5 percent. The unexpectedly high inflation has heightened expectations the RBI would raise rates before its scheduled July review despite concerns over Europe's debt crisis.

Textile sector on the recovery path

While releasing annual report of his ministry, India¿s textile minister Dayanidhi Maran in New Delhi on Wednesday said that Indian exports had registered an increase amid the global economic meltdown. Maran mentioned that the share of textile and clothing exports increased from 11.03 to 12.36 percent over the past one year. Propelled by this unprecedented growth, the ministry has now directed exporters to adopt a 'Look East' policy, by expanding market base in Japan, Australia, South Africa and other Latin American and South Asian nations, the report has observed.

Few more years to achieve double-digit GDP

While talking to reporters in New Delhi on Monday Harsh Pati Singhania, President of FICCI (Federation of Indian Chambers of Commerce and Industry) opined that India will take a couple of years to reach double figures vis-¿-vis the index of GDP growth. It may be recalled that Finance Minister, Pranab Mukherjee, on May 29, had said that the country is poised to achieve a growth rate of 8.5 per cent during 2010-11 and if the current favourable trend continues, the economic growth rate of the country would cross 9 per cent by next financial year.

Gold maintains its luster in Indian market

Indian demand for gold remains strong despite the price of bullion rising on global markets, according to the World Gold Council. On Saturday, at an exhibition of gold jewellery in Bangalore, K. Shivram, Vice President of the World Gold Council, said India continues to be the world's biggest consumer of the precious metal. Shivram believes gold, seen as a safe-haven, is a smart investment for consumers.

Sunil Jain's take on the Budget

Business Standard Associate Editor Sunil Jain's take on the Union Budget