Is This What India Will Spend On Defence?

Going by this Budget's estimate of government spending of Rs 48.2 trillion, the government has allocated a significantly lower percentage to defence -- 12.9 per cent. IMAGE: The light tank Zorawar......

Who's To Be Blamed For Bridge Collapses?

Government officials believe that central bridge projects perform better than state projects due to stricter checks and balances. IMAGE: A portion of a bridge over the Bakra river collapses in......

Sensex tumbles 553 points on selling in IT stocks

Benchmark equity indices Sensex and Nifty fell for the second day on Thursday dragged down by losses in IT stocks and relentless foreign fund outflows. Illustration: Dominic Xavier/Rediff.com......

Sensex, Nifty rise on buying in bank stocks, positive global cues

Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets.......

Sensex tanks 663 points; IndusInd Bank plunged over 18%

Declining for the fifth straight session, equity benchmark Sensex on Friday plunged about 660 points to crash below the 80,000 level due to widespread selling pressure tracking massive foreign......

Nifty 50 Can Fall Another 1,000 Points

If the index is unable to sustain above 24,500 levels, technically it can then slip to its 200-DMA placed at 23,365 levels. Illustration: Dominic Xavier/Rediff.com The Nifty 50 can fall another......