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Polaris Financial Technology approaches Wipro, L&T for services unit sale

Polaris, through investment bankers, has also sent feelers to at least one multinational information technology services firm.

FMCG firms' stocks soar on season's first showers

Food product companies like Britannia, Parle, ITC Foods, Nestle and Dabur aresuretobenefitfromthis monsoon.

Airlines set to cut fares 25% after Patel rap

Last-minute fares for passengers flying economy on routes such as Delhi-Chennai, which have gone up to Rs 40,000, can fall by 20-25%.

Assembly elections: Why it would be an uphill task for Congress & not for BJP

For the Congress, it would be an uphill task to retain either Assam or Kerala, and avoid being left with Karnataka as the lone major state under its control.

Through the third eye

The BJP’s lack of interest in Mamata Banerjee’s no-confidence motion against the UPA has many sub-plots.

Kanimozhi: How a political novice got dragged into 2G quagmire

Dragged rather reluctantly into politics, little would Kanimozhi have imagined that in just four years, she would plunge headlong into the biggest scam rocking the nation.

Budget 2012: Government to start early to meet Rs 30k-crore sell-off target

The finance ministry is keen to start disinvestment early in the next financial year to raise the budgeted Rs 30,000 crore.

Lok Sabha elections 2014: J Jayalalithaa, Naveen Patnaik may join forces with BJP post results

Pravat Tripathi indicated that BJD, an erstwhile ally of BJP and a constituent of an earlier NDA, may not have reservations in rekindling the relationship.

Weakened DMK will be less troublesome for Congress

The corollary, according to observers, is that the hard-bargaining outfit will now be a defensive force in UPA and will be wary of issuing threats of quitting.

Railway Budget 2012 likely to focus on upgradation of signalling system

Dinesh Trivedi is likely to spell out a blue print for upgrading signalling and telecommunication system to prevent accidents in Rail Budget 2012

12 politicians to watch out for

Here is a roundup of politicians who regardless of how their personal fortunes pan out are likely to leave a mark on their parties, states and the nation itself this year.

Danish co ISS buys 49% stake in SDB Cisco

The acquisition of Chennai-based SDB Cisco, India’s third-largest security firm, by Denmark-based ISS, the world’s leading facility services provider, has materialised.

Gold sales surge on Akshaya Tritiya, especially in south India

Gold sales surged 10-20% thanks to the Akshaya Tritiya festival, which has been providing a boost to the precious metal trade since 2005.

Hexaware bags multi-million dollar deal, stock up 3 pc on BSE

IT and BPO services provider Hexaware Technologies announced a deal with its US-based financial services client that would help it generate $10-15 mn in annual revenue.

Cognizant bucks trend, to hand out good bonus

The IT major, which has most of its facilities in Chennai and Bangalore, is paying employees the full variable pay component this year. Cities that are IT hubs | Nine trends for IT

Durex losing market grip due to legal tussle between Reckitt Benckiser & TTK group regarding their condom-making JV

Chances are you won't easily find the world's favourite condom Durex on retail shelves across the world.

Sunday ET: Filmmakers globally & in India are reacting faster in bringing inspiring real life stories to big screen

A section of filmmakers believes that it is their job to react quickly and capture people’s emotions instead of waiting for time to blur things.

DMK open to coalition, Stalin my successor: Karunanidhi

M Karunanidhi said he was open to forming a coalition government, and reiterated that his son MK Stalin was his political heir.

Toyota bucks the trend; kick-starts hiring process

The ‘pink wave’ maybe keeping employees in tenterhooks, but here is a hiring news from an auto MNC that is bound to bring some cheer. Toyota, the world’s second largest carmaker, has kick-started a recruitment exercise nationally to support its India expansion plans.

US Embassy announces measures to streamline visa process for Indian travellers

As a follow-up to executive order issued by Obama announcing a major initiative to woo tourists from India, China and Brazil.

Spice Mobile to start manufacturing unit;will invest Rs 100 cr

Handset maker Spice Mobile today said it will start a manufacturing unit for mobile devices in the country by next year with an initial investment of Rs 100 crore.

iGate shortlists Cognizant's veteran employee Debashis Chatterjee for COO rank

Cognizant's former employee Debashis had led its banking & financial services sector for over 7 yrs. After joining iGate, he may lead all verticals of the company.

Aspiring investors log onto online deal platforms like AngelList, BankerBay, Lets Venture to back new ideas

Online platforms such as AngelList, BankerBay, Lets Venture, Angels Den, Ah! Ventures, Companisto have emerged in various parts of the world to make fundraising easier.

Delhi gang-rape case: Jayalalithaa for harsher punishment for rape

Jayalalithaa announced a 13-point action plan to ensure women's safety and prevent incidents of sexual harassment.

TRACK SENSEX, NIFTY LIVE: Who moved my market today

If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

HCL Tech loses two execs handling 30% of business, exits of Rajeev Sawhney & Pradeep Nair critical for co

HCL Tech has lost two senior executives with responsibility for at least a third of the company’s $4.3-bn (about Rs23,650 cr) business.

Rail Budget 2012-13: List of new trains announced

Here is a list of new Express Trains, Passenger Trains, MEMU, DEMU, Extension of run and increase in frequency of trains:

TRACK SENSEX, NIFTY LIVE: Who moved my market today

If you are reading this, chances are Sensex and Nifty are part of your daily life, and actions on Dalal Street can make or mar your day.

Etihad plans four new Indian routes by 2009

UAEs national carrier, Etihad Airways, plans to add new routes to four cities in India - Kozhikode, Chennai, Jaipur and Kolkata by 2009.

2G scam: Why did Sibal run down CAG report asks Jayalalithaa

AIADMK chief J Jayalalithaa has lashed out at Telecom Minister Kapil Sibal and the Centre for running down the CAG report and for delaying the arrest of A Raja.

Most hotel stocks hit 52-week high

Most of the hotel stocks hit their 52-week high on the back of news that hotels have hiked or mulling an increase in room tariffs for the busy season from October to March.

Smart, free and high-quality apps for feature phones

Don’t feel left out just because you don’t have a smartphone. Here are some free and high-quality, Java-based applications that are available for feature phones.

Singapopore fund acquires 1.8% in Sun Network for over Rs 100 cr

Singapore-based Nalanda Capital has picked up a 1.8% stake in Sun Network for a little over Rs 100 crore through an open market bulk deal transaction on the Bombay Stock Exchange.

SpiceJet CEO quits, more changes likely

SpiceJet has appointed Kishore Gupta, a director since 2000, as acting CEO.

Eleven stocks in focus in Tuesday morning trade

Indian shares are expected to trade lower. Here is a list of eleven stocks that are likely to be in action in morning trade today.

Expect 90% occupancy in Goa, Kerala & other resorts during New Year: Vivek Nair, Leela Group

Quarter 3 and 4 are peak periods and depending upon the location, we would expect the industry to do about 70 pc, says Vivek Nair, Leela Group

Top ten stocks which have doubled so far in the year 2015; here's what experts say

Most experts are of the view that the real action will be in individual stocks, while benchmark indices might remain rangebound.

Upset Karunanidhi breaks down after Kanimozhi's arrest

As the news flashed on TV channels that Kanimozhi will be arrested and sent to Tihar Jail, the DMK patriarch broke down, sobbing.

Indian Newspaper Society rejects IRS 2013 findings

The Indian Newspaper Society, an umbrella association of the Indian newspaper industry, has rejected the Indian Readership Survey (IRS) 2013.

More trouble for Dayanidhi Maran; grant of DTH to Sun Direct under CBI scanner

The CBI had sought the files from Department of Telecom related to spectrum allocation made to direct-to-home (DTH) broadcasters by seeking details of sanction of bandwidth.

Cafe culture to boost coffee consumption: K Ramakrishnan, President-marketing, CCD

Ramakrishnan believes that the cafe culture is on the rise and this will also lead to in-home consumption of coffee & that coffee is fast becoming the beverage of choice for young India.

Rahman says "Jai Ho Jackson"

"Jai Ho, MJ! We love you for your music, regardless of all the controversies!", was how double Oscar Winner A R Rahman paid his tributes to the pop legend Michael Jackson.

Taste the best with Timescity.com

TimesCity.com, an interactive portal providing hyperlocal information combined with user reviews and ratings, was soft-launched recently by Times Internet Limited.

Mid-tier software cos weeding away non-performers

Market is agog with names of almost every tier II software services co laying off people. However, some HR heads denied any such move. Handling employee exit

Telcos pin hopes on poll alerts to raise VAS usage

These telcos, whose woes include low awareness about VAS in India, place their bets on events loaded with information and excitement like the elections or cricket, to up their VAS usage.

Americans want to pop made in India Sovaldi drug for 1 per cent of the cost

The drug is showing up for sale alongside illegal goods and narcotics on the dark web, which can be accessed through identity-hiding software.

Flying out of Delhi and Mumbai to get cheaper

Flying out of Delhi and Mumbai may get cheaper from January 1, 2013, with aviation minister Ajit Singh ordering abolition of airport development fee.

How student activism is taking India by storm, with issues ranging from caste discrimination to high fees

Debates and free speech enrich college education. To control this freedom is to allow the manufacture of young minds conditioned by majoritarianism.

Robust order book will be a positive catalyst for VA Tech

A strong cash position and robust order book will be positive catalysts for VA Tech Wabag, country's largest builder of water treatment plants.

More reforms, rate cut by RBI to add to current market rally: Suresh Mahadevan, UBS Securities

We are positive on the market. There are legs to it. The first leg is the global liquidity, says Suresh Mahadevan.

BJP slams Omar Abdullah's bid to highlight subdued response to TN resolution on Rajiv Gandhi's killers

BJP chief spokesman Ravi Shankar Prasad maintained that any person who seeks to break India's sovereignty and integrity or kills a former prime minister and is given a death sentence should be executed.

Corruption, policy paralysis may be common but government employees working efficiently is always a pleasant surprise

It is always a pleasant surprise when we occasionally witness a polite, functioning and efficient segment of government employees.

19 killed, 45 injured in bomb blast in Karachi

At least 19 people were killed and around 45 injured in an explosion at an illegal gambling den in Pakistan's commercial capital.

Burning a hole: Petrol price rise hits conveyance bill

Last weekend's Rs 2.50 hike was the sixth in this financial year, with the last two mark-ups adding 4% even in the most motorist friendly city in the country - Delhi.

Long-term investors, buy midcaps on dips: Rashesh Shah

"Both equity and debt look promising because interest rates will come down and equity will do well."

Through the third eye

As Mamata Banerjee gets ready to take command of Writers Building, there could some impact on the delicate distribution of ministerial berths at the Centre.

PepsiCo names former Nokia MD D Shivakumar as its CEO, India region

Shivakumar will oversee all aspects of PepsiCo's India Region, which includes beverage brands such as Pepsi, Lay's, Tropicana and others.

Sethu issue: Karunanidhi to go on fast

Instead of bandh, M Karunanidhi and other alliance leaders of the ruling DMK-front will observe fast on Monday.

SIHRA sees pressure on hotel ARRs in short term

The good news for the hotel sector is that the performance over October and November was encouraging. The not-so-good part is that the average room rate (ARR) has dropped.

Capability, not capacity, drives our strategy: Cognizant CFO

Cognizant's chief financial and operating officer Gordon Coburn is categorical that it would not look for “scale” — but look to deepen domain and consulting skills — in its acquisitions even as it scans for future buyouts.

BFSI helps Mumbai register 170% growth in office space in Apr-Jun 2011

A hot-bed for financial institutions, Mumbai has registered a 170% growth in uptake of office spaces in the second quarter of the calender year 2011.

Aviation, hotel stocks catch swine flu

Fearing a pandemic, punters tripped the aviation and hotel stocks, sectors linked to the travel industry.

Thousands bid tearful adieu to Vilasrao Deshmukh

Thousands of grieving supporters and family today bade a tearful adieu to Union minister Vilasrao Deshmukh.

India's got talent: Northern belt graduates more employable than southern counterparts

In a fast-changing world, the thrust on domain expertise is weakening as demand for MBAs is rising vis-à-vis engineers.

Future Group to buy stake in Turtle, deal likely in 3-4 weeks

The Future Group is in talks with Turtle Group to buy a stake in the Kolkata-based apparel maker, Future Group Chief Executive Officer Kishore Biyani said on Monday.

GMR's sugar business on block

The promoters of GMR Group are looking to exit their sugar business.

Kalanithi Maran's Kal Airways pledges 2.07 crore more shares in SpiceJet

With this transaction, Kal has pledged a total of 9.09 crore shares, out of the 15.65 crore shares it holds in SpiceJet.

Rajiv 'killer' to get MCA degree soon

Nalini, a graduate before she was sentenced to death in the case, brought the human bomb Dhanu and her back-up Subha to the Rajiv meeting at Sriperumbudur.

SunTV, Spicejet shares plunges by 30% as Kalanithi Maran figures in lawsuit

Shares of Sun lost as much as 31% to touch a low of Rs 260.10. However, it pared some of the losses to close at Rs 272.10.

Realty sector eyes New Year to end multi-year slowdown

Property developers hope that the new real estate law will see the light of day in 2016 and bring in the much-needed efficiency, transparency and accountability into this sector.

Sensex rallies over 200 points; Nifty50 reclaims 7,900; MAX gains 5%

The S&P BSE Sensex surged over 150 points on Monday, led by gains seen in ICICI Bank, RIL, Sun Pharma, Tata Motors and L&T.

Heard on the Street

Zylog Systems has been witnessing sustained accumulation by institutional investors, some of which include Sundaram BNP Paribas, Carlson Fund and Argonaut Ventures.

Radio Mirchi to go on air in Kerala capital

Radio listeners in the Kerala capital will be treated with chartbuster Malayalam music and wacky RJ talk with the imminent launch of Radio Mirchi 98.3 FM.

Radio Mirchi to go on air in Kerala capital

Radio listeners in the Kerala capital will be treated with chartbuster Malayalam music and wacky RJ talk with the imminent launch of Radio Mirchi 98.3 FM,the first radio station to go on air from here.

Who ru(i)ns the game?

It is the Board of Chaos for Cricket in India!

AIG bailout saves the day for Polaris Software Lab

For the Chennai-based software product and services firm, it meant that the IT services agreement that it had inked with the insurance giant would still go through.

GMR Infrastructure: Analysts becoming more bullish on the stock

Despite the poor Q4 numbers, the firm’s low valuation makes it a good pick now.

CBI summons India Cements' managing director N Srinivasan in Jagan case

The CBI has summoned India Cements MD N. Srinivasan in connection with its probe into alleged disproportionate assets of the jailed YS Jagan Mohan Reddy

Karunanidhi condemns alleged statement of Lankan Army Chief

Tamil Nadu Chief Minister M Karunanidhi strongly condemned the alleged statement made by the Sri Lankan Army Chief about the political leaders of Tamil Nadu.

ICICI Bank moves debt tribunal to recover Rs 150-crore Subhiksha debt

ICICI Bank is knocking on the doors of the debt recovery tribunal in an attempt to recover dues from Subhiksha, which owes the bank over Rs150 crore.

Substantial growth in iron ore, coal trade within 5 years, says report

DnB Nor Markets, Norway's largest Investment Bank has come out with a report which says, worldwide iron ore and coal trade flows are expected to increase substantially within the next five years.

UAE-based retail major to open malls in Kerala

The company is conducting feasibility studies to open malls throughout the country, especially the southern metro cities of Chennai, Bangalore and Hyderabad.

Cong statue at DMK, BJP bonhomie

Congress has been left out of the new bonhomie between Tamil Nadu and Karnataka as DMK and BJP engaged in statue diplomacy to get over years of rancour generated by the long-standing river water dispute between the two neighbouring states.

Air India's direct Delhi-Chicago flight route doing well

Air India (AI) has tasted success with its direct New Delhi-Chicago flights, which were launched on October 31 last year.

Is the tech-enabled economy making us lazy?

In the digital enabled on-demand world there are just two classes — the uber-class and the working class.

Subbiah named Chola financial arm MD

Forty-year-old Vellayan Subbiah, only son of the group's former chairman MV Subbiah, has been appointed as the new MD of Cholamandalam Investment & Finance company.

Satyam, Fujitsu in IT services deal for Reuters

Satyam Computer Services has entered into an agreement with Fujitsu Services for providing IT services to news agency Reuters as part of a 10-year, $1 billion internal information systems transformation programme.

Ayngaran snaps up foreign rights of Kanthaswamy

The overseas rights of the Vikram-Shriya Saran starrer, Kanthaswamy, have been sold for about Rs 5 crore to London-based Ayngaran International, a person close to the development said.

Site to help techies battling recession

Gripped by despair after being handed out pink slips, IT professionals now have help at hand with a group of concerned fellow professionals hosting a website to help them.

RETV plans intl foray, to enter tier II cities in six months

Bangalore-based Real Estate Television (RETV) is planning to expand its footprint into south-east Asia, the Middle-East and parts of Europe, a top company official said.

Medical insurers stop cashless facility

You will no longer be able to get cashless facilities at Apollo, Fortis or in Delhi, NCR & other metros.

Nahata-owned HTL in SARFAESI net, SBI takes possession of prime land

State Bank of India (SBI) has swiftly acted and taken possession of prime properties in Chennai, owned by Hindustan Teleprinters (HTL) by enforcing the SARFAESI Act, stating the company and its guarantor, Mahendra Nahata failed to pay up debt of over Rs 103 crore in time.

Race for Kesoram's tyre unit hots up as Apollo enters fray

While MRF was the front-runner for the asset Apollo has recently entered the fray said multiple sources aware of the ongoing negotiations.

NDMC not to impose hike in parking rates from August 1

NDMC has decided to defer effecting the hike as no private entity participated in the tender process for operating the parking lots with revised rates.

iGate's Phaneesh Murthy may have to negotiate an activist hedge fund to make come back as IT big boy

I am not denying that there can be two points of view on this matter (on close integration should have waited till after de-listing).

Budget 2012: Preventive health check- to save tax up to Rs 5,000

The FM explained that the move would not only enhance vaccine security, but also insulate vaccine prices from arbitrary escalation.

Budget 2012: IT & ITeS industries seek focus on e-governance

The IT/ITeS industries have added 7.96 lakh jobs in the Indian economy during the one year period ending September 2011, according to the Economic Survey 2011-12.

Education gateway to economic growth: Badri Seshadri, Co-founder, New Horizon Media

It is in this inhospitable terrain that Badri Seshadri and his company New Horizon Media pitched a tent with the mission of slaking ordinary Indians' thirst for knowledge.

Cement prices zoom on rail freight hike

With the railways hiking freight rates by 19% to 33% on the eve of the budget , companies are also not wasting time in passing on the burden to customers.

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