Articles by Arun Kumar
Jet, Sahara in court; deal dead
WITH ITS deal with Jet Airways almost dead, Air Sahara has said it will run its airline on its own from Thursday. This came even as the two parties took the Rs 2,300-crore deal to the courts on Wednesday. Air Sahara's confidence that it can handle things on its own perhaps comes from the gains it has made in the deal. Contrary to popular perception, Air Sahara has already pocketed Rs 780 crore which includes Rs 280 crore investment made by Jet (now written off) in the company over the past five months and a cash transfer of Rs 500 crore.

Published on Jun 22, 2006 01:09 AM IST
None | Arun Kumar, New Delhi
Jet clears security
THE ACQUISITION of Air Sahara by Jet Airways now depends on the government. On whether Jet gets the security clearance for the deal. And indications are that it will.

Published on Jun 21, 2006 02:27 PM IST
None | Arun Kumar, New Delhi
Jet Airways clears security
THE ACQUISITION of Air Sahara by Jet Airways now depends on the government. On whether Jet gets the security clearance for the deal. And indications are that it will. The Ministry of Home Affairs (MHA) has called a high-level meeting, to be chaired by secretary V.K. Duggal, on Wednesday to thrash out the security concerns being raised by different government departments on Jet chief Goyal's antecedents, as also the proposed Rs 2,300 crore deal. Sources in the ministry confirmed to HT about the meeting.

Published on Jun 21, 2006 01:23 AM IST
None | Arun Kumar, New Delhi
N-deal wins vital support of key US Congressmen
The Indo-US nuclear deal has won critical support from two key Congressmen heading foreign relations committees of the two houses of the US Congress days before it comes up for review before the Lower House panel.

Updated on Jun 17, 2006 07:21 PM IST
None | , Washington
Arun Kumar (IANS)Critical support for Indo-US nuke deal
The two houses of the Congress are satisfactorily working through language that would guide policy towards India.

Updated on Jun 17, 2006 01:08 PM IST
None | , Washington
Arun Kumar (IANS)Curb terror: FBI to rope in Muslims, Sikhs
US investigating agency has launched a pilot programme CREST to reach out to various community leaders.

Updated on Jun 14, 2006 11:22 AM IST
None | , Washington
Arun Kumar (IANS)'N-deal failure will damage ties with India'
The Council on Foreign Relations says legislation passed with broad support will benefit both the US and India.

Updated on Jun 08, 2006 01:07 PM IST
None | , Washington
Arun Kumar (IANS)US think-tank suggests compromise on N-deal
If Congress does not approve the Indo-US N-deal, "it would damage the bilateral relationship" between the world's two largest democracies

Published on Jun 07, 2006 11:04 PM IST
None | , Washington
Arun Kumar (IANS)IIT dream turns into reality at Super 30
Chasing the great Indian Institute of Technology dream often ends in nightmares. But not at the Super 30 in Patna! The institute has become a synonym for success.

Published on Jun 01, 2006 12:08 PM IST
None | Arun Kumar, Patna
IIT dream turns into reality at Super 30
Chasing the great Indian Institute of Technology dream often ends in nightmares. But not at the Super 30 in Patna! The institute has become a synonym for success.

Published on Jun 01, 2006 12:08 PM IST
None | Arun Kumar, Patna
IIT dream turns into reality at Super 30
Chasing the great Indian Institute of Technology dream often ends in nightmares. But not at the Super 30 in Patna! The institute has become a synonym for success.

Published on Jun 01, 2006 12:08 PM IST
None | Arun Kumar, Patna
English key to realising US dream
If proposed immigration reforms come into force, many Indians may get a headstart in the quest for a green card.

Updated on May 27, 2006 01:30 PM IST
None | , Washington
Arun Kumar (IANS)Finmin blames brokers
MONDAY WAS no better than Thursday or Friday on the Sensex. After a free fall of 1,111 points, trading was suspended for the first time since May 17, 2004, and only the second time in the history of the bourse. Be it margin calls or bears smelling blood on Dalal Street, in an unprecedented selloff, the Sensex hit the lower circuit filter of 10 per cent. This stopped the BSE machine in its tracks, halting trading for one hour.

Published on May 23, 2006 12:58 AM IST
None | Arun Kumar, New Delhi
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).

Published on May 20, 2006 02:50 PM IST
None | Arun Kumar, New Delhi
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.

Published on May 20, 2006 01:23 AM IST
None | Arun Kumar, 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.

Published on May 19, 2006 01:28 PM IST
None | Arun Kumar, 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.

Published on May 19, 2006 01:31 AM IST
None | Arun Kumar, 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.

Published on May 16, 2006 02:42 PM IST
None | Arun Kumar, 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.

Published on May 16, 2006 12:49 AM IST
None | Arun Kumar, 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.

Updated on May 14, 2006 02:56 AM IST
None | , New Delhi
Sandeep Bamzai and Arun KumarTop 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.

Published on May 14, 2006 01:22 AM IST
None | , New Delhi
SANDEEP Bamzai and ARUN KumarNirula?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.

Published on May 11, 2006 01:47 AM IST
None | Arun Kumar, New Delhi
At the bottom of Escorts Heart
If you thought the sibling joust between Rajan and Anil Nanda was over, think again.

Published on May 10, 2006 01:48 AM IST
None | Arun Kumar, 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.

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

Published on Apr 29, 2006 03:30 PM IST
None | Arun Kumar, 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.

Published on Apr 29, 2006 02:56 AM IST
None | Arun Kumar, 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.

Published on Apr 29, 2006 01:38 AM IST
None | Arun Kumar, 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.

Published on Apr 25, 2006 01:17 PM IST
None | Arun Kumar, 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.

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

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