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Weak oil, US rate worry may dampen markets

Reuters | 31 min | Oil prices fell as much as 2 percent on Friday, with Brent ending below $48 a barrel. Meanwhile, short-term US bond yields rose to their highest in five years after very strong US jobs data for October boosted the likelihood that the Fed will raise rates before year's end.

Fed rate hike 'makes sense': US reserve bank prez

Reuters | 36 min | Now that the United States is closing in on full employment and inflation is likely to rise to target levels, the "next step" should be to start gradually increasing rates, a top U.S. central banker said on Saturday.

Essar Steel picks advisers to help sell stake, cut debt

Reuters | 54 min | India's Essar Steel, facing growing pressure from its lenders to cut its debt burden, has appointed ICICI Securities and SBI Capital Markets as advisers to help it sell a stake in the business, the company said.

MORE BUSINESS NEWS

India Business

Essar Steel picks advisers to help sell stake, cut debt

Royal Enfield to introduce 2 models in 2 yrs

FPIs take out Rs 4,300 cr in just 5 trading days

Indians flying off to Bali, Sri Lanka this Diwali season

» More From India Business

International Business

Weak oil, US rate worry may dampen markets

Fed rate hike 'makes sense,' says US reserve bank president

Boeing eyes new partnerships, sees upward pressure on 737 output

Think-tank: China's CPI likely to rise 1.4% next year

» More From International Business

Live Bihar results: Nitish looks all set for another term as CM

1 hr | Nitish Kumar-led JD(U)'s grand alliance has crossed halfway mark in leads and looks all set to form the government in Bihar. Track ET for updates...

Comeback king Lalu Yadav will be Bihar's kingmaker | BJP concedes defeat

PTI| 25 min | Lalu's conviction in a fodder scam case in 2013 came as a personal blow to him as it led to his immediate disqualification from the Lok Sabha.

1st big FDI in rail: GE, Alstom may get nods for Rs 40,000-cr loco plans in Bihar

PTI| 2 hrs | Dubbed as the first big-ticket project under 'Make in India' initiative in the public transporter, GE and Alstom may get the nods next week.

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SPOTLIGHT

The surrogacy debate

Is the surrogacy ban on foreigners really a sensible move?

The Narendra Modi government's recent decision to ban surrogacy for foreigners is very likely to push a booming industry into the black market.
- Don't impose a ban on surrogacy for convenience; act with reason
- Bombay HC stays government ban on surrogacy for foreign couples
Offbeat

From news intern to feted filmmaker, a truly standout journey

In a short span, DuVernay has become a feted filmmaker for projects beginning with I will Follow in 2011, Middle of Nowhere and most visibly Selma.
- Why musician Elton John is making it to the hedlines
- There's a surprising danger to becoming an expert in your field
Pure politics

How the right-wing fringe is stepping closer to centrestage

Having a parivar power seems to have emboldened these outfits to force their own agenda and methods that are sometimes sophisticated & assertive.
- Coming state polls all set to be run by professional managers
- Who cares for Delhi's air? No place is safe to breathe
Cess and Taxes

Swachh Bharat cess on services from Nov 15

Air travel, telephony, eating out, etc will become expensive as the govt imposed a 0.5% per cent cess on all taxable services from November 15.
- PM Modi announces revamped appraisal system for taxmen
- India positioned more favourably for future than China: WEF
Bon voyage

Say hello to the Indian millennial traveller

Meet these 30-something travellers who shun sightseeing and fixed itineraries and seek experiential travel and the proverbial rush of adrenaline.
- Now, check into Asia's oldest hospitality property for a nice stay
- GTDC portal soon for online booking of tourist services in Goa
Economy watch

Govt looks at more taxes to meet deficit target

With 7 months of the fiscal already over, the Disinvestment Dept has already indicated that it would not be possible to meet the ambitious target.
- Exports of top 5 sectors dip 31 per cent in September
- India's image of written-off economy has changed, says PM Modi
Advertorial: Great Minds Long Miles

Meet the extraordinary innovators and their life changing innovations

Great Minds Long Miles has been a journey to unearth phenomenal stories of grassroots innovation from the Indian soil. Our search made us meet many amazing grass-root innovators. And the three extraordinary innovations which remarkably impact their societies have been featured in our TV show. Watch the final episode this Sunday at 8 pm on TLC.
Startup Corner

States plan incentives to serenade startups

Over half-a-dozen state governments are scrambling to come up with their own sets of incentives to lure these new businesses into making regional centres their hubs.
- Zomato to focus on revenues; will return to basics
- Atchayam Food Box: Thinking out of the box, delivering food in 90 seconds
Ecommerce

For ecommerce players, cashback is the new king

Rewards in hard cash on online purchases are fast emerging as a potent tool to gain stickiness in the consumer-disloyal and hyper-competitive market.
- Ecomm surge fails to dampen this Diwali for brick-&-mortar players
- This American co will ride drones for promoting its India launch
Perspective

The tragicomedy of being forced to import sand

Once, India's growth was hobbled by shortage of foods, foreign exchange, or skills. But now we have a bewildering new shortage: a shortage of sand.
- Why India really needs to be a bit more intolerant
- Govt startups need political air cover to succeed: Nilekani
Sale season

Consumer confidence points to acche din rolling in

Improving economic indicators of the country are reflecting in a substantial rise in consumer confidence as the festive season builds up to a crescendo.
- Biyani sets sights on young consumers, opens gen-next Big Bazaar
- Swedish giant H&M woos fashionistas with second store in India
D-Day for Bihar

Election 2015: Why it marks the making of a new Bihar

The old entrenched citadels of caste notwithstanding, Bihar's voters this time are showing a penchant to think over and above traditional faultlines.
- From lofty development claims to name-calling, all in a matter of days
- Let the Prime Minister be above state elections

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Market Watch
8 Nov | 12:16PM

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Gainers

Sanwaria Agro

7.50

20.00

Manaksia Coated Meta

3.95

19.70

MVL Ltd

0.35

16.67

Ponni Sugars

244.70

15.23

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Losers

Visesh Infotec

0.05

-50.00

Antarctica Ltd

0.10

-33.33

Pan India Corp

0.20

-20.00

Shreyas Ship

375.90

-19.89

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