Recent Entries

• Brent crude edges down toward $112, storm impact limited

  by Sindhuri G August 30, 2012
  SINGAPORE: Brent crude fell towards $112 a barrel on Thursday after oil facilities in the Gulf of Mexico were largely spared storm damage, but maintenance at North Sea fields and a possible strike in Norway's oil sector curbed losses. US crude futures posted a bigger fall as a surprise build in cru...

• L&T expects 30% rise in orders from hydrocarbon sector this fis

  by Sindhuri G August 30, 2012
  MUMBAI: Engineering conglomerate Larsen & Toubro expects a 30% growth in new orders from the hydrocarbon sector this fiscal, its chief executive officer and managing director told ET. The company hopes to bag Rs 10,000 crore of orders from upstream, mid and downstream companies and even fertiliser ...

• Rupee sheds 12 paise against dollar in early trade

  by Sindhuri G August 30, 2012
  MUMBAI: The rupee declined by 12 paise to 55.74 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand from oil importers for the American currency. Besides increased dollar demand from importers, a lower opening in the domestic equity market put pressu...
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• Asian shares hit 1-month low, euro steady before Bernanke speec

  by Sindhuri G August 30, 2012
  TOKYO: Asian shares hit a one-month low on growth concerns while major currencies were range-bound on Thursday as investors waited to see whether US Federal Reserve Chairman Ben Bernanke will give any hint about further US stimulus in a speech on Friday. Markets sensitive to industrial demand, such...

• Credit Suisse downgrades Hero MotoCorp on demand concerns, cuts

  by Sindhuri G August 30, 2012
  NEW DELHI: Hero MotoCorp slipped below its psychological level of Rs 1,800 in trade on Thursday and was the top loser both in the Bombay Stock Exchange and the National Stock Exchange. Industry experts are of the view that two-wheeler makers including Hero MotoCorp are expected to go in for major p...

• Tech Mahindra slips over 5% on BT stake sale report

  by Sindhuri G August 30, 2012
  NEW DELHI: Tech Mahindra Ltd plunged over 5 per cent in early trade on Thursday on the report that British telecoms firm BT is selling about 5 per cent stakes of Tech Mahindra Ltd for about $100 million. "BT is selling Tech Mahindra shares in the price band of Rs 735-790 each, the sources said, a d...

• Nifty nears 5,250 ; auto, oil & gas, metals down

  by Sindhuri G August 30, 2012
  MUMBAI: The Nifty drifted lower after a gap-down opening and was close to 5,250 levels as weak cues from Asian peers weighed on the market sentiment. The trade is likely to remain choppy ahead of the August series derivatives settlement, say dealers. "Short-term support of 20-day SMA has been viol...

• How seven traders are changing the Indian corporate bond market

  by Sindhuri G August 30, 2012
  MUMBAI: Seldom do men and women in the bond market make it to front pages for the right reasons. Occasionally, news of an obscene bonus payout receives flitting attention. But in a market that is less followed, though far bigger in size, than stocks, there are untold stories of how little-known and ...
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• Understanding FM's new adviser Raghuram Rajan: How he can becom

  by Sindhuri G August 30, 2012
  To understand a man, you must understand where he is from. In the case of Raghuram Rajan, the new chief economic adviser to the government, that means not so much Bhopal, where he was born, as Chicago, where the 49-year-old economist has taught since 1991. Being an economist at the University of Ch...

• Foreign head honchos returning to India with new mandates due t

  by Sindhuri G August 30, 2012
  MUMBAI: A close friend who has worked with him in the past dubs him a 'jugadu' - a local word to describe the attitude of getting the job done any which way. Nothing unusual about that - Indian business is known to thrive with the help of such ingenuity - except that Mr Jugadu in this case is not an...

• Taj Mansingh auction may trigger corporate jousting as Accor an

  by Sindhuri G August 30, 2012
  NEW DELHI: The consultant advising New Delhi's municipal body on the process of maximising returns from the property that houses the iconic Taj Mahal Hotel at Mansingh Road has recommended the Tatas should have the right to match the highest bid in an open auction, possibly setting the stage for an ...

• 27 Aug, 2012, 08.00AM IST, ET Bureau How Naresh Khattar's 'Me n

  by Sindhuri G August 30, 2012
  Cliched as it may sound, I never planned to be an entrepreneur. Yet, today I am the CEO of Me n Moms, a company that has grown 40% year-on-year for the past five years, posting a turnover of Rs 50 crore in 2010-11. As a child, I wanted to join the armed forces, but despite having cleared the entran...

• Telenor lost Rs 8,000 cr in India in three years, why is it not

  by Sindhuri G August 30, 2012
  For the last six months, SigveBrekke has been an itinerant traveller. The Asia head of Telenor has been traversing the length and breadth of India to the 60 offices of its Indian arm to meet its 17,500 employees and, on many an occasion, even their families. In these interactions, the message from ...

• Hiring pause: How not to lose heart when you lose your job

  by Sindhuri G August 30, 2012
  Sanjay Mandavia's flying career has nosedived. The 39-year-old Mumbai-based pilot with Kingfisher Airlines is off duty since March and has not received his salary for six months now. Sitting inside a life-size cockpit in a shed in an industrial complex in Gurgaon, Mandavia is now learning to fly al...

• Kirana stores throng big retailers like Future Group, Reliance

  by Sindhuri G August 30, 2012
  MUMBAI: At a recent store launch in Aurangabad in Maharashtra, Rob Cissell, CEO of the value retail format at Reliance Retail, chanced upon two customers pushing down overflowing trolleys. A quick chat with them revealed something that Cissell hadn't seen even in China where he had spent three ye...

• 28 Aug, 2012, 12.40PM IST, Ketan Thakkar,ET Bureau Mahindra & M

  by Sindhuri G August 30, 2012
  MUMBAI: India's largest utility vehicle maker, Mahindra & Mahindra has christened its compact sports utility vehicle (SUV) as 'Quanto', which will hit the market in the second half of September 2012. At a sub-4 meter length, the Quanto will be the smallest SUV in Mahindra's product portfolio, whic...

• Job offers from Microsoft, HUL, RIL, Goldman Sachs and others p

  by Sindhuri G August 30, 2012
  Salary levels have not been muted and anywhere between Rs 8-18 lakh is being offered to those who made a mark during their internships KOLKATA/BANGALORE: A muted economy notwithstanding, the first flush of pre-placement offers (PPOs) at six oldest IITs suggests that companies might be hiring mo...

• Business of Rs 100-cr films: Who gets what and why

  by Sindhuri G August 30, 2012
  The brightest star in the Bollywood box office constellation in recent times is the movie that collects at least Rs 100 crore. The misses and the washouts are as quickly forgotten as they used to be. But for bragging rights, nothing short of a Rs 100-crore blockbuster would suffice these days. The ...