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  • Buffett, a cheerleader for America, takes his checkbook abroad

    27 February, 2015 6:18 AM 11

    By Luciana Lopez and Jonathan StempelNEW YORK (Reuters) - Warren Buffett, in his annual letter to Berkshire Hathaway Inc shareholders last year, called America "the mother lode of opportunity." This year, his 50th at Berkshire's helm, the world's third-richest person could write something quite different.When Buffett releases this year's letter on Saturday

  • Why Prabhu (and his boss) shouldn't chase the bullet train

    27 February, 2015 6:15 AM 12

    Loyalty to the boss is not a bad thing in itself, but Railway Minister Suresh Prabhu struck one discordant note in an otherwise sensible Railway Budget for 2015-16: bullet trains. We dont need them at least at this stage.Prabhu, whose budget focused on fixing the railways finances and chronic inability to invest in safety and speed, made one enthusiastic

  • Rail Budget 2015 raises hopes, but here's why Prabhu's assumptions maybe unrealistic

    27 February, 2015 6:06 AM 13

    Railway minister Suresh Prabhu's first budget may be aspirational but it has to be taken with a pinch of salt as some of his ambitious projections and plans are based on unrealistic assumptions, experts have warned.The minister in thebudget presented yesterday played safe by not announcing new trains, which helped him stay away frompopulism, but promised

  • S&P's sudden liking for India, after the warning, isnt quite convincing

    27 February, 2015 6:03 AM 8

    Shortly after it warned Indian policy-makers on the possible impact of the countrys weak macro-indicators on the sovereign credit profile, Standard & Poors has sharply upped the fiscal year 2016 GDP growth forecast to 7.9 percent, besides praising India for being the sole bright spot in the Asia-Pacific region.Just two days back, the same agency had warned

  • Is hashtag banking the next big thing in India?

    27 February, 2015 5:55 AM 50

    Driven by the need to provide relevant services for younger and upwardly mobile customers, social networking banking or hashtag banking, is the new buzzword in large private banks. India has 118 million active social media accounts, of which 100 million of which are mobile users.ICICI Bank and Kotak Mahindra Bank are the early birds offering banking

  • Will Mr Jaitley bring achche din for salaried class?

    27 February, 2015 5:44 AM 9

    What will be there for the salaried class in Finance Minister Arun Jaitleys Budget? Will he bring in acche din for them in the form of changes in the I-T slabs and standard deduction? While expectations in the tax payers remains high, the recommendations of the Institute of Chartered Accountants of India (ICAI) to the Finance ministry mention exactly

  • Budget 2015 gives Modi sarkar chance to earn goodwill

    27 February, 2015 5:27 AM 16

    The NDA's first full budget to be unveiled this weekend is being described as "make or break" by the corporate world, especially the stock market community, which is getting rather impatient about "little or no action" in the economy. To rub salt in their wounds, the government statisticians have estimated a robust 7.4 percent GDP growth in 2014-15 even though

  • Motorcycle maker Yamaha to launch small cars in Europe

    27 February, 2015 5:15 AM 8

    Japanese motorcycle giant Yamaha will join the four-wheel market by launching small cars in Europe as early as 2019 to meet rising demand for energy-efficient vehicles, a company official said Today. The firm has been mulling manufacturing four-wheel vehicles for years, exhibiting a prototype 1,000 cc engine car and an electric-car battery at the 2013 Tokyo

  • Express scoop reveals Essar's internal emails

    27 February, 2015 4:35 AM 16

    According to an exclusive report on the front pageofthe Indian Express newspaper,the Essar group, a multinational conglomerate with investments in the sectors of steel, energy, infrastructure and services, routinely gave gifts and favours to politicians, bureaucrats, and journalists in exchange for favours and classified information.The report is based

  • प्राथमिक सेवाओं को आधुनिक बनाने वाला रेल बजट

    27 February, 2015 4:10 AM 20

    कुल मिलाकर लब्बोलुवाब यह है रेलवे देश की रीड को दुरुस्त करने के लिए पूरी तरह तैयार है । जिस तरह से सरकार विकास के लिए पंचवर्षीय योजनायें बनती है बिलकुल उसी तर्ज पर रेलवे के विकास एवं आधुनिकरण के लिए अगले पांच वर्षों के लिए पञ्चवर्षीय योजना बनायीं गयी है। जिसकी बहुत लम्बे समय से जरुरत थी । जब यह तय होगा कि पिछले वर्ष क्या हुआ और क्या करना चाहिए था । यह काम बिलकुल