MARKETS »

Markets pare gains; HDFC Bank, Bharti Airtel dip over 1%


At 12.15 PM, the 30-share Sensex is down 36 points at 27,141 and the 50-share Nifty has lost 7 points at 8,207

COMPANIES »

Wockhardt to recall drugs from plants with US import alert


Shares tank around 7% on the BSE; stock had closed 18% down yesterday

ECONOMY AND POLICY »

No farm loan recovery this year, says govt


AgriMin says 18.9 mn hectares of crop land affected by unseasonal rain & hail; oppn walks out after dissatisfaction with reply and response

Volunteers help with rescue work at the site of a building that collapsed after an earthquake in Kathmandu, Nepal

EARTHQUAKE JOLTS NEPAL »

Quake toll over 4,350; Nepal PM says rescue ops not effective


There is acute shortage of food, water, electricity and medicines; fear of another quake keeps people out in the open

FINANCE »

Insurers to ramp up teams for grievance redressal after Irdai whip


Irdai asks insurers to handle policyholder grievances with seriousness, promptness and empathy to enhance confidence in the insurance sector

AROUND THE GLOBE »

Apple beats Wall Street estimates on surging iPhone sales in China


iPhone sales up 40% from year-ago quarter, iPad sales down 23%

CURRENT AFFAIRS »

Modi government cancels licences of nearly 9,000 NGOs


The cancellations came after these NGOs failed to file tax returns for three consecutive years, starting FY2010

BS Poll

Arun Jaitley wants to tone down the anti-corruption law in order to boost economic growth. Would that be a wise move?

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Derivatives

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Columnists

Generals, quotas damage
the army

Ajai Shukla

A soldier cannot justifiably demand faster, easier promotions based on frequent field tenures

Kissa kisan ka - Evading
blame for rural distress

Sreenivasan Jain

Events after a farmer's suicide at an AAP rally encapsulate the state of public discourse on Indian agriculture

Digital disruption is
already upon us

Indrajit Gupta

Lack of conviction prevents top executives from investing in the digital world

As boardroom struggle
ends, Volkswagen looks
to the future

Jack Ewing

Ferdinand Piëch's departure resolves an internal power struggle at Volkswagen but not the formidable challenges that the automaker faces

BLOGS


Remembering passwords, a pain!

Like it or not, passwords control you, not the other way round; and they're only increasing in number

Can getting an ATM PIN cost you Rs 300? It's possible!

It can if your debit card belongs to a PSU bank

EDITORIAL COMMENT

Easy tax reform

Need to reduce scrutiny period for tax claims

India commits to phasing out HFCs

How the US pressed India into changing its stance on refrigerants

Financial X-ray

Maruti: Currency gains, lower costs drive PAT growth

Margins hit historic high of 16% in Q4; volume pick-up in FY16 would help sustain some of the gains

ICICI Bank: Asset quality stress bottoming?

Even as the headline asset quality ratios have risen, net additions to stressed loans have moderated

BOOK REVIEWS

Cheques for the Clintons

Clinton Cash is proving the most anticipated and feared book of a presidential cycle still in its infancy

Living through civil war

The book is a remarkable work of narrative non-fiction born of five years of reportage by a political journalist

John Foley

Forged in froth
John Foley


China's frothy markets churn up funding opportunity

Andy Mukherjee

A shy beginning
Andy Mukherjee


India retirees' stocks push lacks Japan's zeal

CompaniesRss icon

Mallya did not disclose USL loans to UB earlier: Diageo

Diageo spokesperson refutes Mallya's claim that all loan exposures were disclosed to Diageo during the due-diligence process

ICICI Bank rallies on brokerage upgrade

The stock rallied 6% to Rs 322 on the NSE.

Wockhardt to recall drugs from plants with US import alert

Shares tank around 7% on the BSE; stock had closed 18% down yesterday


Mallya did not disclose USL loans to UB earlier: Diageo

Diageo spokesperson refutes Mallya's claim that all loan exposures were disclosed to Diageo during the due-diligence process

PwC finds itself in middle of USL-Mallya crossfire

The discrepancies in the auditor's reports of pre-2011 and post-2011 periods is under scrutiny

Diageo says support to Mallya subject to 'absence of defaults'

United Spirits to urge shareholders to remove Mallya as director and chairman of board, if he refuses to step down


ICICI Bank rallies on brokerage upgrade

The stock rallied 6% to Rs 322 on the NSE.

ICICI Bank posts lowest profit growth in 21 quarters

Bad loans rise but bank says worst is over; healthy growth in retail loans

Kotak Bank to boost global presence

The bank recently completed the Rs 15,000-cr merger of ING Vysya Bank with it to become the fourth largest lender in the private space


Geometric slips on weak Q4 results

The stock slipped 11% to Rs 127 after reporting 80% QoQ decline in consolidated net profit at Rs 3.29 crore in March quarter.

How achievable is Infosys' FY20 vision?

While some analysts are optimistic, others believe the targets are ambitious

Happiest Minds crosses $50 mn revenue run rate

Ashok Soota-founded firm says, it could become fastest Indian IT services firm to touch $100 mn in revenues


Wockhardt to recall drugs from plants with US import alert

Shares tank around 7% on the BSE; stock had closed 18% down yesterday

Wockhardt extends fall after recalling drugs in US

The stock is down 5% at Rs 1,280, extending its previous day's 18% fall on the NSE.

Online medical services platform DesiMD eyes $5 mn VC funding

Proceeds to be used to ramp up technical capabilities, marketing and branding; firm plans to open call centres outside Andhra and Telangana


Maruti net up 60% in Q4, annual profit best

For the March quarter of 2013-14, net profit stood at Rs 800 crore; for 2013-14, profit stood at Rs 2,783.05 crore

Monsoon to be vital for tractor, 2-wheeler companies

IMD's forecast of below normal rainfall could hit industry hard

Maruti: Currency gains, lower costs drive PAT growth

Margins hit historic high of 16% in Q4; volume pick-up in FY16 would help sustain some of the gains


Varun Shipping writes to Sebi clarifying stance on dividend payment

Company says it has paid total Rs 4.56 cr towards dividend payment apart from Rs 500,000 penalty

Bharti Infratel Q4 profit increases 18% to Rs 558 cr

Company's consolidated revenues grew 6% to Rs 2,947 cr for fourth quarter 2014-15

Bharti Infratel Q4 profit rises 18% to Rs 558 crore

The company had reported a net profit of Rs 472 crore in the corresponding period last fiscal year


AirAsia follows Vistara's foosteps, will add flights from Delhi

The carrier is exploring flights to Imphal, Kolkata, Lucknow, Raipur and Pune from its soon to be launched Delhi hub

SpiceJet's new offer: Travel with hand baggage and fly for just Rs 999

150,000 tickets on offer for travel between July 1-October 15, 2015

Bengal Aerotropolis Projects gets DGCA nod for airport

Pinnacle Air will connect Andal and Cooch Behar with Kolkata, GoAir and Indigo likely to start Delhi-Durgapur flights


Today's picks- 27 April 2015

Nifty, Bank Nifty, Cairn & Bharti Airtel

Siemens gains post Q2 results

The company registered new orders of Rs 2,669 crore in March 2015 quarter compared to Rs 2,623 crore in a year ago quarter.

Brand visibility top task for CG consumer arm's owners

Crompton spent just 3% of revenue on ads and promotions compared to Havells' 9% and TTK's 12%


Shree Cement buys Jaypee Cement unit for Rs 358 crore

In August last year, the board of Jaiprakash Associates had approved the sale of the unit on a going concern basis to Shree Cement

Pondy Oxides starts trial run of smelter in AP

The new facility to address additional market demand in domestic and international markets

UltraTech Q4 falls 24% to Rs 657 cr, beats estimates

However, revenue grew 4% to Rs 6,597 cr


Vedanta eyeing minority stake in Electrosteel Steels

Electrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than Rs 6,000 crore

LED market bullish on high adoption ratio

Rise in adoption on back of strong push towards sustainable lighting solutions

Set up evacuation mechanism, rail infra for 1 bn tonne coal: panel

Committee says Coal India has undertaken a few major infrastructure projects to be executed by Railways


Low raw material prices boost ice cream makers' margins

Consumers too get relief from hike in prices

India plans to set up urea plant in Iran: Govt

RCF, GSFC and GNFC appoint SBI Caps for advisory and due diligence services to find an Iranian JV partner

Rallis: Growing seed, agrochemical portfolio provides zing

While seeds business continues to do well and new agrochem products should drive growth and margins, a weak monsoon could take away some sheen


Sun TV, Kal Comm move HC against ED's attachment order

Court admits petition and asks Directorate of Enforcement to file a counter

Today's picks- 23 April 2015

Nifty, Bank Nifty, Tech Mahindra, Cairn India & Zee Entertainment

Dish TV: Strong signals

The company is on course to improving profitability but any move to expand smaller recharge options to subsidise set-top box charges by ...


Can Jio lift RIL's earnings and stock performance?

Analysts say odds are against it given its aggressive capex & the struggle of incumbent telecom operators

Today's picks- 27 April 2015

Nifty, Bank Nifty, Cairn & Bharti Airtel

Reduce LNG price to match global slump, India tells Qatar

Qatar LNG is priced at $13 per mBtu as compared to $6-7 at which it is available in the spot market


Diageo says support to Mallya subject to 'absence of defaults'

United Spirits to urge shareholders to remove Mallya as director and chairman of board, if he refuses to step down

Reduce LNG price to match global slump, India tells Qatar

Qatar LNG is priced at $13 per mBtu as compared to $6-7 at which it is available in the spot market

Crisil erases early gains on profit booking

The stock rallied nearly 17% on the NSE in early morning trade after it announced share buyback plan.


Technology Rss icon

Nexus 6: The six commandments

Big, better, bulkier. Read on to find out if this should be in your pocket, that is, if ...

Google's Business View boosts online presence of SMEs

Google Business View is a tool that helps a business improve its online presence

Xiaomi launches tailored Mi4i for Indian market

Low-cost version for India priced at Rs 12,999, has a plastic body

Asus Zenfone 2: New kid on the block

ASUS is launching the successor to the popular Zenfone, the Zenfone 2, this week

Beyond Business Rss icon

The dancer and the dance

Choreographer Ashley Lobo has started a contemporary dance repertory company, Navdhara India Dance Theatre

To build a world class university in Noida

Shiv Nadar University is pulling out all stops to attract teaching talent from the US, but will it be enough

Commodities

Commodity
Price(Rs)
Change
(%)

27031.00
-52
-0.19

3582.00
-29
-0.8

37063.00
-85
-0.23

385.00
-2.65
-0.68

160.00
-0.3
-0.19

FEATURES

In Depth Rss icon

Godrej on buyout mode in Africa

Godrej Consumer Products, the Adi Godrej flagship, has done five acquisitions to expand its business in Africa

Museum of neglect

The Crafts Museum in Delhi, one of the largest in India, is crumbling. What it needs is restoration, not uncertainty over its future

Start-ups

Dating app asks for a leap of faith

Ensuring safety through verification and validation, TrulyMadly has 500,000 users within a year of being founded

Brand World Rss icon

Renault hopes to turn the corner with compact car

The French firm wants to treble its market share in India by 2016-end with the help of its first sub-Rs 4 lakh car, and utility vehicle, Lodgy

Brand visibility top task for CG consumer arm's owners

Crompton spent just 3% of revenue on ads and promotions compared to Havells' 9% and TTK's 12%