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Arun Kumar

Arun Kumar is Senior Assistant Editor with Hindustan Times. He has spent two-and-half decades covering Bihar, including politics, educational and social issues.

Articles by Arun Kumar

Goes under 11K; FIIs still selling

BEARS RAN the show on Dalal Street for the second consecutive day on Friday. With foreign institutional investors (FIIs) interested only in selling, the BSE Sensex saw an erosion of 452.8 points (4 per cent). On Thursday, the index had lost a record 826 points. The selling was triggered by a combination of institutional and retail investors. FIIs continued their selling spree. Between May 11 and May 18, they sold shares worth $818 million. According to conservative estimates, they must have sold over $100 million worth of shares on Friday.

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Published on May 20, 2006 01:23 AM IST
None | By, New Delhi

Bears hammer down Sensex to new low

THE BEARS were in complete control of the proceedings on D-Street on Thursday. The result: the Sensex broke all technical support levels to fall by over 800 points, the biggest fall in the history of Indian stock markets.

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Published on May 19, 2006 01:28 PM IST
None | By, New Delhi

A clarification that came late

THE BEARS were in complete control of the proceedings on D-Street on Thursday. The result: the Sensex broke all technical support levels to fall by over 800 points, the biggest fall in the history of Indian stock markets. After recording an intra-day fall of 888 points, the Sensex closed at 11,391 as against the previous close of 12,217 ? a loss of 826 points (7 per cent). The NSE Nifty lost 246 points at 3,389 after touching a high of 3,636.45.

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Published on May 19, 2006 01:31 AM IST
None | By, New Delhi

It?s Monday meltdown again

TAKING THE cue from weak global markets combined with the changing political scenario after the assembly elections, the domestic markets plunged on Monday, seeing a long-overdue correction.

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Published on May 16, 2006 02:42 PM IST
None | By, New Delhi

It?s Monday meltdown again

TAKING THE cue from weak global markets combined with the changing political scenario after the assembly elections, the domestic markets plunged on Monday, seeing a long-overdue correction.The Sensex fell by 462.91 points to settle at 11,822.20 points. It saw its biggest intra-day fall since the May 17, 2004 Black Monday crash (the index had fallen by 565 points). The biggest-ever fall on the Sensex (570 points) had taken place on April 28, 1992 -- also a Monday.

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Published on May 16, 2006 12:49 AM IST
None | By, New Delhi

A peek into wealth of India's richest

India?s billionaires are getting richer. So who are the richest of them? ask Sandeep Bamzai & Arun Kumar.

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Updated on May 14, 2006 02:56 AM IST
None | BySandeep Bamzai and Arun Kumar, New Delhi

Top ten The richest Indians

Thanks to the high-profile IPO boom, India?s billionaires are getting much richer. So who are the richest of them all? HT pored over some annual reports and stock market data to get down to the bottomline. LN Mittal, according to the latest London Sunday Times rich list, has an estimated wealth of #14.8 billion (Rs 123,565 crore), making him numero uno. Kushal Pal Singh, owner of DLF Universal, which going into IPO mode, may emerge number two by the time his listing is completed.

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Published on May 14, 2006 01:22 AM IST
None | BySANDEEP Bamzai and ARUN Kumar, New Delhi

Nirula?s looking at IPO option

One of Delhi's most famous fast food chain - Nirula's - is readying a major revamp to stay in sync with the times.

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Published on May 11, 2006 01:47 AM IST
None | By, New Delhi

At the bottom of Escorts Heart

If you thought the sibling joust between Rajan and Anil Nanda was over, think again.

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Published on May 10, 2006 01:48 AM IST
None | By, New Delhi

What if 2006 gets less rain?

For India to achieve 10 per cent annual GDP growth, the booster dose has to come from agriculture, one of the three components of the GDP basket along with services and manufacturing.

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Published on Apr 29, 2006 06:37 PM IST
None | ByArun Kumar and M. Rajendran, New Delhi

Home loan to cost more from next week

BE PREPARED to pay more on your home loan. You will know how much more by Monday or Tuesday. The top three banks offering such loans -- ICICI, HDFC and SBI -- have informally agreed to increase the rate early next week. Sources in these banks said the interest rate would be hiked between 50 and 75 basis points.

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Published on Apr 29, 2006 03:30 PM IST
None | By, New Delhi

Home loans to cost more

The top three banks offering such loans -- ICICI, HDFC and SBI -- have informally agreed to increase the rate early next week.

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Published on Apr 29, 2006 02:56 AM IST
None | By, New Delhi

Home loans to cost more from next week

BE PREPARED to pay more on your home loan. You will know how much more by Monday or Tuesday.The top three banks offering such loans -- ICICI, HDFC and SBI -- have informally agreed to increase the rate early next week. Sources in these banks said the interest rate would be hiked between 50 and 75 basis points. This means, the home loan interest rate will be around 8.75 per cent or 9 per cent.

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Published on Apr 29, 2006 01:38 AM IST
None | By, New Delhi

IPO puts shine on Sun TV

THERE IS a new billionaire in town: the reclusive Kalanithi Maran, CMD and promoter of Sun TV, south India's media and entertainment major. Sun TV, which made a big-bang debut on the Indian bourses on Monday, has a market cap of Rs 10,090 crore as against leader Zee Telefilms' Rs 10,212 crore.

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Published on Apr 25, 2006 01:17 PM IST
None | By, New Delhi

what if 2006 gets less rain?

FOR INDIA to achieve 10 per cent annual GDP growth, the booster dose has to come from agriculture, one of the three components of the GDP basket along with services and manufacturing. A shortfall in monsoon this year, predicted by the Indian Meteorological Department on Monday, could derail this dream.

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Published on Apr 25, 2006 01:17 PM IST
None | ByARUN Kumar and M. Rajendran, New Delhi

What if 2006 gets less rain?

Indian agriculture was less vulnerable then it used to be but warned that the shortfall in monsoon of 7% should not increase further.

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Updated on Apr 25, 2006 03:13 AM IST
None | ByArun Kumar and M Rajendran, New Delhi

what if 2006 gets less rain?

FOR INDIA to achieve 10 per cent annual GDP growth, the booster dose has to come from agriculture, one of the three components of the GDP basket along with services and manufacturing. A shortfall in monsoon this year, predicted by the Indian Meteorological Department on Monday, could derail this dream. B. Lal, director-general, Indian Meteorological Department, said, "At 93 percent, (the forecast) is just below normal. We expects rains at 93 per cent of the long-term average, with a 22 per cent probability of rains being deficient.

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Published on Apr 25, 2006 01:35 AM IST
None | ByARUN Kumar and M. Rajendran, New Delhi

?We are adding three more verticals?

Speaking to Arun Kumar, Rajiv Singh vice-chairman DLF said that the co is passing through the cooling period because of the IPO.

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Published on Apr 13, 2006 11:50 AM IST
None | By, Mumbai

Aviation to put more on sale

Under the new civil aviation policy, the Government will privatise small and unviable airports through subsidy, reports Arun Kumar.

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Updated on Apr 11, 2006 03:45 PM IST
None | By, New Delhi

Jet-Sahara deal will have to wait as govt clears some issues

THE CIVIL Aviation Ministry will prepare detailed guidelines on the issue of the transfer of infrastructure in case of mergers and acquisitions in the domestic aviation sector. As a first step it will seek public opinion from all stakeholders and concerned parties.

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Published on Mar 31, 2006 01:39 AM IST
None | By, New Delhi

Jet-Sahara deal will have to wait

Govt will soon put up draft guidelines on Net for public debate on takeovers.

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Updated on Mar 31, 2006 05:04 AM IST
None | By, New Delhi

Merger of A-I, IA on fast lane

IT'S NOW official. Air-India and Indian will merge to create a behemoth national carrier. Civil Aviation Minister Praful Patel, along with chairman of Air-India V. Thulasidas and his counterpart in Indian (Airlines) V. Trivedi, made a detailed presentation to Prime Minister Manmohan Singh on Wednesday on the merger of the two airlines.

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Published on Mar 23, 2006 01:17 PM IST
None | ByARUN Kumar and SANDEEP Bamzai, New Delhi

A-I, IA merger is a signature away now

IT'S NOW official. Air-India and Indian will merge to create a behemoth national carrier. Civil Aviation Minister Praful Patel, along with chairman of Air-India V. Thulasidas and his counterpart in Indian (Airlines) V. Trivedi, made a detailed presentation to Prime Minister Manmohan Singh on Wednesday on the merger of the two airlines.

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Published on Mar 23, 2006 01:40 AM IST
None | ByARUN Kumar and SANDEEP Bamzai, New Delhi

A-I, IA merger a signature away

It's official. A-I and Indian will merge to create a behemoth carrier.

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Updated on Mar 23, 2006 10:18 AM IST
None | ByArun Kumar and Sandeep Bamzai, New Delhi

Jet-Sahara mega deal hits turbulence

THE RS 2,300-CRORE deal between Jet Airways and Sahara Airlines may not take off. The validity of the escrow agreement signed on January 19 between the two airlines expires on March 24. Of the two government approvals necessary for the deal, only one -- from the Department of Company Affairs -- has come in. The DGCA's clearance is still awaited.

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Published on Mar 21, 2006 01:09 PM IST
None | By, New Delhi

Jet-Sahara mega deal hits turbulence

THE RS 2,300-CRORE deal between Jet Airways and Sahara Airlines may not take off. The validity of the escrow agreement signed on January 19 between the two airlines expires on March 24. Of the two government approvals necessary for the deal, only one -- from the Department of Company Affairs -- has come in. The DGCA's clearance is still awaited. "Yes, the critical DGCA clearance is awaited," Saroj Dutta, executive director, Jet Airways, told HT.

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Published on Mar 21, 2006 01:41 AM IST
None | By, New Delhi

Jet-Sahara mega deal hits turbulence

Only three days are left for obtaining critical clearance, which may or may not come, writes Arun Kumar.

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Updated on Mar 21, 2006 02:35 AM IST
None | By, New Delhi

Bidders told to improve IDPs

The Airports Authority of India (AAI) has asked both the bidders to upgrade their initial development plans (IDPs) as their existing proposal would not help in creating the world class infrastructure.

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Published on Mar 20, 2006 01:52 AM IST
None | By, New Delhi

'India needs to strengthen manufacturing sector'

We have invested between $300 to $400 million in India by way of profit plough-back and incremental investments. Going forwards, I strongly feel that this number will go up substantially as and when opportunities arise, says Ajay Banga.

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Published on Mar 18, 2006 07:06 PM IST
None | By

?Manufacturing is the key?

The continuity in the Indian economic policy despite changes in the government has increased the global confidence index towards India, he said.

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Updated on Mar 17, 2006 11:02 PM IST
None | By
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