CAG picks holes in Gujarat government's financial practices

The Comptroller and Auditor General of India (CAG) has pointed out several flaws in the financial practices of the Gujarat government and said there was a need to formulate a realistic budget based......

'Indians are very intelligent, but we are not focussed'

'I urge Indians not to look down on us, but look up and say, "Yes, we can..."' 'If we get focused, nobody will be able to beat us,' says Dr Prathap C Reddy, founder, Apollo Hospitals, in our......

Non-communicable diseases on UNGA agenda

In a historic meeting on non-communicable diseases, the international community called on the food and beverages industry as well as the tobacco and pharmaceutical industry to be held accountable......

RBI curbs: JM Financial says nothing wrong with loan sanctioning process

JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material......

Ramdev's Patanjali sees Rs 250-cr NCD issue subscribed in 3 minutes

Baba Ramdev-led Patanjali Ayurved's Rs 250 crore debentures issue got fully subscribed within three minutes of opening on Thursday.  "This is historic that our maiden issue of Rs 250 crore NCD......

SBI ready to support Tata group's bid for Air India

With lower debt, Tata Sons will be able to turnaround the airline faster as its finance cost will come down. India’s largest public sector bank State Bank of India (SBI) will support Tata......

Media & entertainment space gets new PE fund

In what is amongst the first focused fund in the space, India Media Entertainment Fund (IMEF) is raising Rs 500 crore, which will provide both equity as well as instruments like non-convertible......

Anand held by Caruana; slips to joint third

World champion Viswanathan Anand slipped to joint third after being held to a draw by second seed Fabiano Caruana of Italy in the second round of the Grenke Chess Classic in Baden-Baden, Germany.......

Adams wins game five to draw level

Grandmaster Michael Adams of England pulled off a scintillating victory over GM Rustam Kasimdzhanov of Uzbekistan in the fifth game of the World Chess Championship final, now drawing to a close, in......

Anand in sixth position

Defending champion and world rapid chess champion Viswanathan Anand continued to lead the standings in rapid section of the Amber Rapid and Blindfold chess tournament in Monaco. Overall he is in......

Kasimdzhanov beats Topalov to enter final

Top seed Grandmaster Veselin Topalov of Bulgaria made his exit from the World Chess Championship after a second straight defeat against GM Rustam Kasimdzhanov of Uzbekistan in the semi-final......

Harikrishna keeps sole lead

World Junior champion Pendyala Harikrishna continued with his top form to outsmart Grandmaster Luke McShane of England and remain in sole lead in the second Sanjin Hotel Cup Grandmasters Chess......