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COMPANIES »

Lower stake does not mean less involvement in business: Sachin Bansal


Q&A with Founder and CEO, Flipkart

ECONOMY »

India's steel consumption growing faster than production


Consumption might grow by over 5% in the calendar year 2014 to 83 million tonne

India @WTO »

WTO chief to meet G-33, G-20 countries today


General Council remains suspended

Around the world »

Hague court orders Russia to pay $50 bn in Yukos case


Russian Foreign Minister Sergei Lavrov said Moscow would most likely appeal the decision

MARKETS »

Asia stocks reach 3-year peak, China on the rise


MSCI's index of Asia-Pacific shares outside Japan up 0.33%, Nikkei adds 0.4% to hit six-month high

PERSONAL FINANCE »

Moving jobs? Furnish tax statement


Many employees get tax benefits from both employers, leading to extra liability at the time of filing returns

CURRENT AFFAIRS »

Think tank corners many new positions in govt


Vivekananda International Foundation, founded in 2009, was the fountainhead of the anti-corruption movement of 2011

ON THE BEAT »


Nitin Sethi:NDA's radio silence takes the toll on India's WTO stance

The next 48 hours will show whether the new govt was only sabre-rattling or if it is better able to play the multinational negotiations firmly


BRAND WORLD »


What the super-rich like to spend on

Ultra High Networth Households (ultra HNH) have grown by 16%. The total net worth of ultra HNHs has also increased to Rs 104 lakh crore. Besides ...

TAKE TWO »


Will the govt hit its stake sale target this time?

Even though the past record has been dismal, experts are gung-ho about not just meeting the target but also surpassing it

BS Poll

Would P Chidambaram have delivered a better Budget this year had he been FM?

Yes  
No  
Can't Say  

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Derivatives

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Columnists

Trust in reform
Shubhashis Gangopadhyay

Labour law reform must go hand-in-hand with reforms that build workers' trust in management

Self-destructive suicide
myths

S Ganesan

Farmers' suicides are a small part of a larger tragedy that afflicts Indian society as a whole, especially urban India

Achieving social
responsibility to a T

Sunil Mehta

The Indian corporate sector has 'time, talent and treasure' in abundance. Now, the new Companies Act can provide the resolve

Enter the MOOCs
Ajit Balakrishnan

The excitement is around the educational industry, and the trigger for the excitement is the MOOC: an acronym for Massively Open Online Course

BLOGS


Christendom and the world fail Iraqi Christians
Rajat Ghai

The ISIS' rise has sounded the death-knell for a community that has been suffering for the past 1,400 years

Things fall apart , the Centre cannot hold
Kavita Chowdhury

As the Congress heads into another round of assembly elections by 2014 year end, insiders admit that they are reconciled to facing defeat

EDITORIAL COMMENT

Waiting for recovery

Early corporate results suggest demand is still weak

After 2015

Start thinking of new development indicators

Financial X-ray

L&T: Weak execution in India hits sales growth

Stand-alone margins up 140 bps y-o-y to 10.5%; analysts expect recovery in sales growth

HUL's strong margin show may not sustain

Even as analysts believe volumes have bottomed, margins could correct as ad spends go up

BOOK REVIEWS

Much ado about everything

Mark Miodownik takes us into the shrouded architecture and history of each of these materials, drawing on “psychophysics”

To kill a friendship

The Mockingbird Next Door by Marja Mills is painfully earnest and as sentimental as "Tuesdays With Morrie"

Ethan Bilby

Chop shop suey
Ethan Bilby


China throws weight around on car parts costs

Ian Campbell

Peaking
Ian Campbell


UK's strong GDP has a soft centre

CompaniesRss icon

Torrent Power posts net profit of Rs 86 cr in Q1

The consolidated total income from operations for stood at Rs 2,562 cr, up 16%

Praj Industries Q1 net profit down 19%

Company's revenues were Rs 221.27 crore for the quarter up by 28% from Rs 173.06 crore in the last quarter of the same year

SpiceJet to stop Mysore flights

SpiceJet will halt its service from September 1


Rajiv Lall to be MD of IDFC's bank

Existing shareholders of to get equivalent share in the proposed bank, expected to begin operations by October next year

IDFC net down 14% in Q1 on lower non-interest income, higher provision

Loan book fell 7% year-on-year to Rs 53,848 cr

DCB Bank aims to double balance sheet size in next three years

Will continue to avoid large ticket advances, infra lending


Buy TCS in small quantities

Investment experts advise buying on correction or having an accumulation plan for the next one year

Flipkart to announce $1-bn fund-raising today

The country's top e-commerce company is also said to be planning a new sprawling complex of 1.5 mn sq ft

Today's picks

Nifty, Bank Nifty, HCL Tech, Coal India & Tata Steel


Ranbaxy Q1 net loss narrows to Rs 186 cr

The company continues in red due to the provision for settlement with US govt

Arun Gupta quits as CIO of Cipla

Under him, a new business technology team was formed at Cipla and he took multiple initiatives

Alembic Pharma Q1 net up 39% at Rs 64.67 cr

Company had reported net profit of Rs 46.64 crore in the April-June period of 2013-14 fiscal


Ashok Leyland to invest around Rs 450-500 crore

Company also said would look at sale of non-core assets to reduce debt

New Jaguar XE sedan to make global debut in September

The company is looking to bring new levels of aluminium-intensive lightweight construction expertise to the segment

TaxiForSure to raise more funds for expansion

Company plans to expand services to 20 cities by 2015


Torrent Power posts net profit of Rs 86 cr in Q1

The consolidated total income from operations for stood at Rs 2,562 cr, up 16%

Power-packed diversification for RPower through JP deal

While the company gets earnings-accretive assets, analysts are cautious, citing a lack of complete deal details

Domestic solar cell makers set to vie with all countries save China

Last month, India slapped dumping duty on solar gear imported from the US, China, Malaysia and Taiwan, to protect domestic players


Praj Industries Q1 net profit down 19%

Company's revenues were Rs 221.27 crore for the quarter up by 28% from Rs 173.06 crore in the last quarter of the same year

MP govt may reclaim 2,200 acre land from BHEL

From 1956 to 1962 the state government had allocated 6,045.180 acres of land to BHEL

V-Guard posted 26% rise in net

Net revenue from operations were Rs. 477.70 crore; an increase of 17%


Prism Cement Q1 net profit at Rs 13.24 crore

The company had clocked Rs 47.87 crore net loss in the same quarter last fiscal

Market rally throws buybacks off track

Ongoing offers unlikely to succeed as shares trading above highest buyback prices

Sintex acquires French component maker Simonin group

The deal is viewed as a strategic move towards consolidating Sintex Group's positioning in the European continent


Australia Trade minister welcomes green nod to Adani mining & rail project

Carmichael Coal Mine spread over 44,700 hectares and 189 km rail project will have an operating life of 90 years

JSW Steel wants to pay promoter's wife for brand promotion

A firm 99.99% owned by Sangita Jindal proposed to get recurring annual fee of about Rs 125 cr

Tata Metaliks merger with parent faces challenge in court

Minority shareholders are planning to file an objection to Tata Metaliks' proposed amalgamation with parent Tata Steel in Calcutta HC


MCF open offer bids await CCI nod

Zuari's open offer has been approved by Sebi

Renuka Sugars to soon approach Sebi on Rs 725-cr rights issue

In February, the company's board had given in-principle approval for issuing shares to existing shareholders through the rights issue to raise ...

Govt's 10 fertiliser plants closed, 7 under losses: Nihal Chand

Govt has planned financial restructuring of three sick units namely MFL, BVFCL and FACT


RBI fines 12 banks in DCHL loan default case

The banks collectively had a total exposure of around Rs 4,000 crore

HT Media Q1 net at Rs 32.67 crore

Company had posted a net profit of Rs 47.49 crore and net sales of Rs 532.23 crore in the corresponding period a year ago

NDTV shares spurt 20% on takeover buzz, Trai norms

TV Today, Zee Media up over 5% each


HPCL to go solo on its Rs 700-cr LPG facility

France's Total SA was to partner the company earlier for the Mangalore project

BP profit jumps, but warns of Russia sanctions impact

BP says till date, sanctions haven't impacted business in Russia, where it makes a third of its crude oil output, but that could change

Gas price review likely to cover uniform pricing

Govt deliberations appear set to go over this part of Rangarajan recommendation, too


Beyond Business Rss icon

Being Jessica Alba

Hollywood celebrity trainer Ramona Braganza plans to spread her fitness mantra through a new range of gyms across the country

First of a new sort

Audi's A3 heralds the birth of a sedan that promises luxury and performance while providing an affordable upgrade to the executive class

Commodities

Commodity
Price(Rs)
Change
(%)

27856.00
-70
-0.25

6079.00
-60
-0.98

44200.00
+28
+0.06

227.70
+0.2
+0.09

430.20
-2
-0.46

FEATURES

In Depth Rss icon

Arun Jaitley

Will the govt hit its stake sale target this time?

Even though the past record has been dismal, experts are gung-ho about not just meeting the target but also surpassing it

AIIMS: An ailing model

Govt plans to replicate India's premier medical institute in four states. But in its current form, AIIMS itself is in urgent need of attention

Real Estate

Can a housing society expel its member?

Yes, but procedure is not easy. If expelled, member loses the right to his property

Brand World Rss icon

Himalayan

Himalayan climbs up the price ladder

NourishCo, the Tata-PepsiCo JV, extends the brand to sparkling water to take on foreign brands with price edge

Crime pays on TV

It may be a murky real world but crime themes bring in steady viewership for GECs

Business Education Rss icon

National Skill Development Corp to train 120 mn by 2022

NSDC has made a skill development management system where data of all trainees is maintained