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 »

M&A revival: Bankers pin hope on the US


Anaemic earnings and stretched balance sheet weaken Indian companies' appetite for inorganic growth

ECONOMY AND POLICY »

Govt flips the switch to 20-year power plan


Transmission projects, totalling Rs 1 lakh crore, would be outbid in the coming six months through a tariff-based competitive bidding

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 »

Buffett donates $2.84 bn to charities


The Gates Foundation, which focuses on improving education and health and reducing poverty, receives the biggest share

CURRENT AFFAIRS »

Amartya Sen accuses Modi govt of taking over academic institutions


Points at wider trend of regime changes in major educational institutes

FINANCE »

RBI looks to mop up liquidity to counter inflationary pressures


Official says RBI wants to nudge the call rate nearer to the 7.25% policy repo rate

BS Poll

Do the latest developments in the Vyapam scam show that BJP is facing a crisis of credibility?

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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

United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

The 3.1% stake was sold at Rs 1,030 per share for the 85 lakh shares that were sold

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.

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


United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

The 3.1% stake was sold at Rs 1,030 per share for the 85 lakh shares that were sold

Tilaknagar Industries soars 20% on buyout report

According to reports, the Kishore Chhabria-controlled Allied Blenders & Distillers has entered the final round of negotiations to acquire a ...

Chhabria's ABD to acquire Tilaknagar Industries

Kishore Chhabria and Amit Dahanukar, CMD of Tilaknagar Industries, are slated to meet in London on Monday to finalise the deal


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


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

Bosch employees to protest against sell-off of starter motors unit

Global auto components major planning to either sell-off or seek a partner for a joint venture for its starter motors and generators division

Mahindra revamps two wheeler business

Discontinues sales of two scooter brands and one motorcycle brand


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


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 ...

NMDC: No respite in near-term

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


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

Dalmia Cement expands footprint in Western Region

Invests Rs 1,300 crore in Belgaum plant


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.


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

SC primes the pump on retail gas pricing, scuttles PNGRB

Major boost for city gas distribution investments


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
(%)

26249.00
-79
-0.3

3388.00
+4
+0.12

35969.00
-212
-0.59

352.65
-4.65
-1.3

176.20
+0.5
+0.28

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