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Andhra Pradesh, which has many of India’s leading pharmaceutical and software companies as well as a leading business school and Telangana produces 14% of the country’s rice, is an economic powerhouse which has grown by more than 10% in four of the last five years, faster than the national average.

But the state’s business community is still coming to terms with the impact of the possible bifurcation of the state, with the central government conceding the demand for a separate state of T...

Mumbai-based e-governance provider ABM Knowledgeware gets 100 per cent of its business from the government. But it’s eyeing a fifth of its revenues this year from a single clause in the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

Under the scheme which helps cities get funding for improving infrastructure, every applicant city has to start an e-governance system to get the funds. “We worked hard to prepare a good package which was selected by the Union ministry of urban sevel...

The economic revival has led to increased business confidence in India Inc, a survey conducted by industry chamber FICCI said. The survey also said that to sustain such growth momentum, an interest rate cut of about 2.6% is needed.

“Companies are planing substantial investments to increase capacities and modernise operations, but along with these, the industry is also looking forward to an accommodative monetary policy, apart from continuance of the fiscal stimulus packages,” the survey sa...

Stock indices could move indecisively the week ahead, like they have in the past couple of weeks, say brokers. The market’s resilience of late, despite the wider consensus of sharp correction soon, has heightened confusion about the near-term direction. While technical analysts have been predicting that the possibility of a fall hereon is higher than further gains, a few robust economic readings across the globe recently have questioned that assumption.

On Friday, the Eurozone, comprising 16...

Corporate India is likely to face strong headwinds over the next 9-12 months, says  Nilesh Shah  , deputy managing director and chief investment officer (CIO), ICICI Prudential Asset Management. How corporates manage to deliver in such an environment will decide the valuations of the market, which is right now at the higher range of its fair value. In an interview with ET , he says that he is bullish on infrastructure and telecom stocks, and cautions investors against subscribing to IPOs for ...

With five more American banks going out of business last week, the total number of collapses this year has risen to 120 or an average of over ten entities every month.

The total bank failures this year is the highest since 1992, when a whopping 181 entities folded up due to savings and loan crisis.

Moreover, the collapses are about five-fold higher than 2008, when just 25 banks went belly up.

The authorities shut down United Security Bank, Home Federal Savings Bank, Prosperan Bank, Gateway Bank ...

Gujarat Chief Minister Narendra Modi reshuffled the top brass of the state administration, transferring 80 bureaucrats and 19 police officers in one sweep late Saturday.

The transfers came within a day of chief minister resuming office Friday.

Among those transferred were 36 officers of the rank of secretary and principal secretary and 44 district level officers and 19 police officers.

The highlight of the transfers was the shifting of DJ Pandian, managing director of the state public sector Guj...

Prime Minister Manmohan Singh said on Sunday that India was better placed than ever before to push reforms in Asia's third largest economy and forecast more than 7.0 percent growth next year.

"In the coming months and years, I hope to see a decisive change in the pace of our progress to become a leading economy in the world," Singh said. "(We) will strive to build political concensus needed for these legislative actions to be completed."

"I am happy to say that India has been able to face the g...