MARKETS »

Markets snap 2-day winning streak; RIL slips 1%


Provisionally, the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark

COMPANIES »

Adani Group in advanced talks to take over L&T's Kattupalli terminal


L&T has invested over Rs 4,000 cr in the terminal and owns 97% of it

Food, Centre

ECONOMY AND POLICY »

Centre asks states to roll up sleeves, boost foodgrain supply


The states have also been told to engage civil supplies corporations and cooperatives for distribution of key commodities

Greece Crisis »

Germany, France press Greece to make fast, credible proposals


Say Athens must move quickly if it wants to secure a cash-for-reform deal with creditors

AROUND THE GLOBE »

US trade deficit widens; weakness abroad fuels export drop


The Commerce Department reported on Tuesday that the trade gap grew $1.2 bn to $41.9 bn

CURRENT AFFAIRS »

Amartya Sen accuses Modi govt of taking over academic institutions


Points at wider trend of regime changes in major educational institutes

FINANCE »

Rupee halts five-day upmove; ends 6 paise down at 63.46 vs USD


The greenback's strength against other Asian currencies and lacklustre local equity markets made the rupee depreciate further, forex dealers

BS Poll

Law Minister D V Sadananda Gowda has termed the Vyapam scam as a "silly issue" on which Prime Minister Narendra Modi need not comment. Do you agree with Gowda?

Yes  
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Can't Say  

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Derivatives

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Columnists

From Tejas to AMCA
Ajai Shukla

Persistent allegations about the Tejas' performance shortfalls are now being exposed

Do in-app ads work?
Alokananda Chakraborty

Experts say in-app advertising could be the next frontier for digital marketing

Why Grentry augured
Grexit

Omkar Goswami

With the Greeks voting "No", the country's exit from euro zone seems inescapable. Yet, it was inevitable long before the latest drama

What is full employment?
Martin Feldstein

The basic point is that employment can be increased, by removing barriers to job creation and reducing marginal tax rates

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

Thinking big

But the govt should be more careful while setting targets

A shortcut to broadband

Implications of Bharti's tie-up with OneWeb

Financial X-ray

NMDC: No respite in near-term

Realisations under pressure, volumes continue to decline; trend unlikely to reverse: Analysts

Chemical business to aid SRF's sales, margin growth

High entry barriers and expertise in the speciality chemicals business are positives

BOOK REVIEWS

Tracking the Clintons

The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

What makes Eicher Motors click with investors

Its share price has zoomed from Rs 1,300 to Rs 21,580 in four years. Analysts say it has gained from MD & CEO Siddhartha Lal's focused ...

DLF turns heat on Idco, labels notice illegal

Idco in May this year, had warned of stringent action against DLF for keeping a large chunk of land idle meant for developing its Rs 1000-crore ...

CMC Q1 net declines 4% on heavy subcontracting cost

Revenues up 13.4% at Rs 672 cr, due to surge in orders from Systems


L&T Finance Holdings gains as private equity firm eyes stake

The stock is up 5% at Rs 69.75 on reports that American private equity fund Warburg Pincus is in talks to purchase stake in the company.

Union Bank to open 100 digital branches this year

To tie up with Flipkart & Paytm

RIL to offload 3.1% stake in Network18

Offer for sale of 32.5 million shares of Network18 will open on July 8


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

Tech Mahindra hits fresh 52-week low

The stock is down nearly 2% at Rs 464, extending its past week's 10% decline on the NSE.

Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990


What makes Eicher Motors click with investors

Its share price has zoomed from Rs 1,300 to Rs 21,580 in four years. Analysts say it has gained from MD & CEO Siddhartha Lal's focused ...

Maruti's used car business revved up in FY15

The sheer volume of units sold makes True Value (Maruti's pre-owned car business) the third largest domestic passenger vehicle seller ...

Maruti's experiment with logo badging not the first in the country

Hyundai Motor India, Maruti's closest competitor in the country has made this a standard practice in many of its models


DLF turns heat on Idco, labels notice illegal

Idco in May this year, had warned of stringent action against DLF for keeping a large chunk of land idle meant for developing its Rs 1000-crore ...

Unity Infraprojects gains on share issue to lenders, promoters

The board has allotted equity shares at Rs 27.52 per share which is at a premium to the current stock price

Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT


L&T Metro signs MoUs with Indus Tower and Reliance Jio

Indus, Reliance Jio to enable passengers to have strong cell phone signals while commuting in metros

Sterlite Technologies eyes defence contract worth Rs 7,000 cr

Company is bullish on the defence sector, says Anil Agarwal

VA Tech WABAG wins Rs 5,800-cr project in Bahrain

WABAG will design and build 40-mld Al madina Al Shamaliya sewage treatment plant for housing ministry


Chemical business to aid SRF's sales, margin growth

High entry barriers and expertise in the speciality chemicals business are positives

DJ Pandian resigns as chairman of Gujarat Alkalies and Chemicals Limited

Pandian had retired as Chief Secretary of Gujarat government on May 31

Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well


NMDC to set up 3 MTPA steel plant in Karnataka

The company will soon sign a MoU with state government for setting up a special purpose vehicle to implement the project which will see an ...

Coal India, Bajaj Finance, BPCL, Jubilant FoodWorks hit 52-week high

HPCL, IOC, Dabur India, Britannia Industries, BEML and SRF are among 143 stocks to hit 52-week highs on the BSE.

Coal India goes on a production overdrive to fuel economy

Core data for May show many sectors have reported good growth. First of a five-part series, beginning today, looks at the reasons for this ...


Delhi HC asks Centre to resume gas supply to fertiliser firm

The court also said that the respondents should implement its policy uniformly and without discrimination

Tea shares in demand

Jay Shree Tea, Rossell India, McLeod Russel, Goodricke, Warren Tea, CCL Products & Tata Global are up 3-17% each on the BSE.

Nestle India to start exporting Maggi noodles 'as soon as possible'

UK, Canada and Singapore have given a clean chit to the instant noodles brand


RIL to offload 3.1% stake in Network18

Offer for sale of 32.5 million shares of Network18 will open on July 8

Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

OMCs extend rally on drop in oil prices

At 1016 hours, BPCL was up 3% at Rs 929, while HPCL and IOC were up 2% each at Rs 788 and Rs 423 respectively.


Adani Group in advanced talks to take over L&T's Kattupalli terminal

L&T has invested over Rs 4,000 cr in the terminal and owns 97% of it

LocalBanya partners with Vinculum to automate backend

The portal is aggressively trying to expand beyond Mumbai, Delhi, Pune, Hyderabad & Noida, where it currently operates

MCX inks pact with Christ University to promote research

Will contribute to the development of skill sets, financial literacy, and research in commodity price risk management


Beyond Business Rss icon

Vijender Singh: Punching above his weight?

For the glamour-smitten boxer, turning pro was the next logical step

Kolkata's crumbling legacy

Group of artists, economists, historians launched a crusade to rescue city's old houses that are part of history, but it's difficult fight

Commodities

Commodity
Price(Rs)
Change
(%)

25970.00
-358
-1.36

3252.00
-132
-3.9

34299.00
-1882
-5.2

340.65
-16.65
-4.66

173.00
-2.7
-1.54

FEATURES

In Depth Rss icon

Good enough for China, but India spurns Arjun

For some inexplicable reason, the army prefers to use Russian armour; Arjun is deployed in only two of its 63 armoured regiments

Apple and Google tempted by cars that can buy morning coffee

BMW, Volkswagen's Audi and Daimler's Mercedes-Benz compete head-to-head on everything from new models to passenger comforts

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

UMumba gets the eyeballs

The kabaddi league's Mumbai franchise targets Rs 15 crore in sponsorship revenue in season 2

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year