MARKETS »

Markets have an upbeat closing


The markets snapped their three-day losing streak due to buying in index heavyweights and a rebound in IT stocks

CURRENT AFFAIRS »

Minimum CAT percentile for ST candidates at IIM-A stands at 38.34%


The minimum percentile has fallen from 83% for 2010-12 batch to the current numbers

ECONOMY »

CAG can audit accounts of telecom firms: SC


CAG needs to examine whether the companies are giving proper share of their revenue to the govt, says the apex court

COMPANIES »

SpiceJet's turnaround faces a $200 mn question


The need for infusion comes at a time when it is expected to post losses of around Rs 1,000 cr for FY14

AROUND THE GLOBE »

US jobless claims rise less than expected


Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12

PERSONAL FINANCE »

Avoid gold investment schemes


Go for ETFs instead, if you want to accumulate the precious metal

FINANCE »

Rupee snaps three-day fall; share gains help


It closed at 60.29/30 per dollar compared with 60.37/38 on Wednesday

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Derivatives

Opinion Rss icon

Columnists

Are stock prices
inflated?

Jaimini Bhagwati

Despite what partisan fund managers are projecting, the rise in the Indian equity market has to be evaluated carefully

'Neat and clean'
innovation

R Gopalakrishnan

The idea of sanitation has raised many challenges down the years

The weakest link in
development lending

Joe Athialy

The World Bank and ADB's internal accountability mechanisms sometimes violate their own guidelines and policies on project lending

Burning money
Jamal Mecklai

I remember back when I was in school, my closest friend was from what-appeared-to-be a seriously wealthy family. While they lived very well, his ...

BLOGS


Where is Mrs Modi, Mr Modi?
Jyoti Mukul

It is not important to have a regular guy for a PM, but, it is important to know the psyche of a person

United bow out
Nitin Sreedhar

The defending champions of England lose out to the defending champions of Europe

Editorial Comment

Zero tolerance

Govt should prevent construction of illegal floors and buildings

A new hope

New climate report means big changes to future agreements

Financial X-ray

Inflation unlikely to moderate significantly in 2014-15

RBI might retain rates at current levels, upside risks to inflation rise

Infosys' struggle with growth continues

Revenue growth to continue to face challenges due to weak repeat business and new deal wins

BOOK REVIEWS

Disruption as a political agenda

The Disrupter gets you thinking more carefully about the churning that is happening around us and of which the AAP is a catalyst

JFK's burnished legacy

Martin W Sandler has carefully skirted the many titillating stories about Kennedy's amorous liaisons and adulterous escapades

Robert Cyran

Smaller blue
Robert Cyran


Top line shrinkage catches up with IBM

Swaha Pattanaik

Receding tide
Swaha Pattanaik


Fine global monetary ideals clash with reality

CompaniesRss icon

Coal India awaiting more triggers

Analysts expect it to raise prices this quarter to offset rising costs; faster clearances seen for project plans but output rise still seen as a ...

MSCI rejig worries weigh on HDFC Bank stock

As of March 31, FII holding was 34%, against 34.9% in the previous quarter

Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability


Radico Khaitan extends fall, hits 7-month low

In past five trading sessions, the stock has declined 20% as compared to 1.5% decline in benchmark CNX Nifty.

Diageo to spend Rs 11,448 cr for another 26% in USL

At Rs 3,030 a share, offers 20% premium to average 60-day stock price

Good time for short-term investors to exit USL

Diageo's open offer is at an attractive valuation & factors in most of the near-term earnings upsides; however, those in for the long term ...


MSCI rejig worries weigh on HDFC Bank stock

As of March 31, FII holding was 34%, against 34.9% in the previous quarter

Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

FII stake in ICICI Bank hits 6-year high

FIIs increased their stake in ICICI Bank to 39.85% in the March 2014 quarter from 38.39% in the quarter ended December 2013.


Airtel tech head Jagbir Singh quits; Savargaonkar to take over

Singh was a member of the Airtel management board and director of the Network Services Group

Bharti Airtel CTO Jagbir Singh quits, Abhay Savargaonkar to take over

Company's regulatory and legal head Jyoti Pawar had also quit the company last month

KKR, Blackstone eye stake in Idea

Private equity giants bidding for a total of 8% in India's third-largest telecom operator by subscriber base


Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

No exit clauses in Indian marriages, says Piramal on Shriram deal

The partnership seeks to create a financial services powerhouse, which will not only be present in India but also overseas

GlaxoSmithKline Pharma Q1 net dips 43%

Company had registered a net profit of Rs 169.01 crore during the same period last year


PGCIL gets Stage-I forest nod for transmission line

The forest land is to be diverted in Angul, Athmallik, Rairakhol and Sambalpur to make way for PGCIL's transmission line

Commissioning of NTPC's Koldam project may get delayed

The delay may amount to a loss of Rs 150 crore to Himachal Pradesh govt

Tata Power plans to add 646.7 MW from clean energy sources

Company plans to increase its renewable energy capacity by about 71%


SpiceJet's turnaround faces a $200 mn question

The need for infusion comes at a time when it is expected to post losses of around Rs 1,000 cr for FY14

SpiceJet sale in western markets

Discounts offered to flyers from Maharashtra, Goa and Gujarat

SpiceJet introduces consolidated fare

SpiceJet will now display combined fee indicating base fare, fuel surcharge, separate heads for taxes and fees payable to govt


Hopes rise for Crompton Greaves amid stake-sale rumours

Rise in the stock price to a media report some time back that Gautam Thapar who owns a 42.51% stake, was looking for buyers for his flagship ...

Today's picks

Nifty, Bank Nifty, BHEL & Infosys

Crompton Greaves hits 33-month high on report of Hitachi eyeing stake

Since March 14, 2014, the stock has rallied 33% from Rs 142 compared to 3.3% rise in benchmark S&P BSE Sensex.


Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

Odisha seeks MoEF nod for Nalco's slurry pipeline

Wants to lay a slurry pipeline from its CPP at Angul to Bharatpur South coal block of MCL

Future Retail extends rally on talk of acquiring Nilgiris

The stock has rallied nearly 30% in past two trading sessions on back of heavy volumes.


Coal India awaiting more triggers

Analysts expect it to raise prices this quarter to offset rising costs; faster clearances seen for project plans but output rise still seen as a ...

JSW Steel takes a brief pause

Though the company's outlook remains strong, concern on steel prices and demand adds to near-term challenges

Today's picks

Nifty, Bank Nifty, Jindal Steel and Power, DLF & TCS


Jubilant FoodWorks gain as RBI allows hike in FII limit

The Reserve Bank of India said that foreign institutional investors would be able to purchase up to 55% of the paid-up capital in the company.

Clearance delays push RCF's project cost by Rs 500 cr

Sources added that only last year the project got pre-Public investment Board clearance and presently it is stuck at the PIB level

Deepak Fertilizers in expansion mode

Company is planning to set up a new facility at Paradip in Odisha


AAP writes to EC on Essar Oil matter

Alleges the UPA govt of violation of the model code of conduct by pushing cabinet notes to help Essar Oil

RIL denies it got favours from govt

Says CAG report on KG basin oil fields 'inquisitorial' and based on 'incomplete information'

Oil Min to move Cabinet note to allow RIL retain three gas discoveries

May seek EC approval before approaching CCEA


Gujarat-based stocks in focus

Adani Enterprises, Gujarat Gas, Adani Ports, Adani Power, Gujarat State Petronet, GMDC and Gujarat Pipavav are up 2-12% on the BSE.

MCX hits three month high

In the past one week, the stock has rallied nearly 17% from Rs 513 on April 7, 2014 compared to 0.63% rise in CNX Nifty.

BSE Mid, Small-Cap indices hit 15-month high

In the past one month, both the S&P BSE mid-cap and small-cap indices have outperformed the market by surging 10% and 13% respectively, as ...


Beyond Business Rss icon

The upside of failure: Success

Scott Adams, the creator of Dilbert, charts how to fail your way to success in a new book with entertaining anecdotes from his own life

Eclectic escapes

From the beaches of Thailand to the highlands of Peru, the authors list destinations you can visit to get away from the sweltering Indian summer

Commodities

Commodity
Price(Rs)
Change
(%)

28532.00
-57
-0.2

6287.00
+37
+0.59

42402.00
-14
-0.03

285.40
+11
+4.01

407.80
+3.1
+0.77

FEATURES

In Depth Rss icon

Retailers shift focus as winds change

As uncertainty grows over the country's investment policy, foreign retailers determined to stay on are happy to invest in wholesale trade

Gautam Thapar

Hopes rise for Crompton Greaves amid stake-sale rumours

Rise in stock price to media report some time back that Gautam Thapar who owns 42.51%, was looking for buyers for his flagship company

Real Estate Rss icon

Image1

Realtors woo customers through buy-back schemes

Experts say through buy-back schemes, developers, cash-crunched or otherwise, are able to raise funds at much cheaper costs

Brand World Rss icon

Khoday's once again raises the Black flag

After winning the battle against UB's Kalyani Black Label, it is now against Diageo's Johnnie Walker

Deals, internet and sales staff can sway the consumer

Nielsen has recently looked at seven facets of the Indian consumer

Business Education Rss icon

Ashish Nanda

IIM-A joins hands with Harvard, MIT and Berkeley for research

Institutes to address bottom of the pyramid issues; joint research to up IIM-A's world ranking

Heading

Power hungry? Not a chance


Toyota has chosen to shun diesel and go the green way with its new Camry. Fitted with a hybrid engine, the sedan is a great drive that doesn't ...

It's about xcellence

Hyundai's newly launched entry-level sedan, the Xcent, offers value for money and a bit of bragging rights