Sensex zooms 519 points, Nifty ends above 8,300

The 30-share Sensex ended gaining 519 points at a fresh closing high of 27,865 for the second straight session

MARKETS »

BOJ shocks markets with surprise easing as inflation slows


Will accelerate purchases of Japanese govt bonds so its holdings increase at an annual pace of 80 trillion yen

ECONOMY »

Jaitley's austerity measures not enough to beat fiscal deficit


Government estimates show these measures would result in a saving of a mere 0.3% of GDP

CURRENT AFFAIRS »

1984 riots a dagger through India's chest: Modi | Photo feature


AROUND THE WORLD »

US body probes India's trade policies under Modi government


Will identify changes if any to trade policy by the Modi govt

COMPANIES »

M&M Q2 net profit down 4%, hit by poor monsoon


Net sales rise about 7% to Rs 9,418 crore

BLACK MONEY TRAIL »

Jaitley asks tax dept to focus on domestic black money


He said the recovery of black money and taxes due thereon will also help the department in achieving its tax collection targets

BS@40 »

Calcutta shaped ad mentoring


City of Joy brought good tidings for a large swathe of brands in the 1970-80s and groomed strong talent

BS Poll

The 2G scam was unearthed way back in 2010. Is the case dragging on only because politicians are involved in it?

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Derivatives

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Columnists

American-made financial
repression

Andrew Sheng & Xiao Geng

The dollar's global dominance is contributing to financial repression

Down the drain again
Sreenivasan Jain

India's proposed toilet revolution is all set to repeat mistakes of the past

Enslaved abroad,
oppressed at home

Lipika Pelham

We should be mortified by terrible indignity that Bangladeshis face in their own land, which is forcing many of them into a life of servitude

Spinning it out
Indrajit Gupta

For well over a year now, the management team at logistics company has been straining at the leash. The market opportunity is staring at them

BLOGS


Is Pichai being groomed for top job at Google?
Surabhi Agarwal

Pichai and Page may prove to be a great partnership - one an ace executor and other a tech visionary.

All the Queen's gold
Katya Naidu

Though Jayalalithaa was convicted mainly for land grabbing, it was the images of 30 kg of gold that remained in public memory

EDITORIAL COMMENT

Running out of airwaves

Spectrum crisis needs government attention

India's secondary sex

Poor gender equality militates against economic growth

Financial X-ray

Bharti Airtel: Muted growth in India, Africa

Minutes on network and revenue per minute decline sequentially in Q2

Volumes boost Maruti's Q2 show

Company expects for a conservative 10% volume growth in FY15 on high base

BOOK REVIEWS

The contradictory Hindustani

Iqbal's contradictions and complications make him very human and interesting

Google's smart creatives

How Google Works, a new, insightful and smartly restrained – as far as real secrets go – book on the search giant's functioning

Una Galani

Not so fast
Una Galani


Samsung looks stuck in a dynastic value trap

Olaf Storbeck

Driving emotions
Olaf Storbeck


Ferrari spin-off looks great but lacks oomph

CompaniesRss icon

IDFC plans to treble headcount in next 11 months

Firm gets set to start banking operations from Oct 2015, bulk of recruitments to start in April

Gail (India) hits new high as Q2 profit beats estimates

The stock surged 8% to Rs 552 after reporting 42% yoy jump in net profit at Rs 1,303 crore in September 2014 quarter.

M&M Q2 net profit down 4%, hit by poor monsoon

Net sales rise about 7% to Rs 9,418 crore


IDFC plans to treble headcount in next 11 months

Firm gets set to start banking operations from Oct 2015, bulk of recruitments to start in April

ICICI Bank registers 15% growth in net profit

However, the one big concern seen in the second quarter results was the increase in bad loans and provisions

YES Bank net profit up by 30%

Higher net interest income and lower provisioning in the period under review helped the rise


Closure of Nokia is unfortunate: Pon Radhakrishnan

Union Minister of State says Govt will take steps to ensure such closures do not happen in future

OnMobile Global gains on improved cash position

OnMobile Global has gained around 9% at Rs 35.70 in early trade on BSE mainly on account of improved cash and cash equivalent position in the ...

Bharti Airtel net up 170%, highest since March 2011

Lifted by 74% increase in mobile data revenue in India; tops estimates


Infosys crosses Rs 4,000 mark; hits new high

Since September 8, the stock rallied 10% compared to 1.2% rise in S&P BSE Sensex.

IT shares in demand

Infosys, TCS , Persistent Sys, HCL Tech, Oracle Finance, Tech Mahindra, Midtree, Wipro have gained between 1-3%

In their second innings, Infy co-founders to incubate new ideas

Healthcare and sustainability to be prime focus as Gopalakrishnan and Shibulal launch incubator


Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Cipla asks govt to revoke Novartis' patent; launches its drug

Company has launched the product under the brand name Unibrez, priced at Rs 130 per strip of 10 tablets in Delhi

Neuland Labs Q2 net up 50%

Total revenue of the pharmaceuticals maker rose 18% to Rs 120 crore


M&M Q2 net profit down 4%, hit by poor monsoon

Net sales rise about 7% to Rs 9,418 crore

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Maruti Suzuki Q2 net up 29% at Rs 862 cr

Board recommends increasing FII limit to 40%; dividend pay out ratio in range of 18-30%


Realty, infra shares extend rally on relaxation of FDI norms

Unitech, IVRCL Infra, HCC, GVK Power, NBCC,D B Realty, Patel Engg, Shriam EPC and Gayatri Projects are up 4-10%.

Bharti Infratel in race to buy Idea, Voda towers for Rs 5,000 cr

The company is also scouting for telecom tower acquisition opportunities in Sri Lanka and Bangladesh with its Rs 7,646-crore cash kitty

Godrej Properties, Brigade, Mahindra Lifespace to gain from FDI in construction

Analysts perceive this development to be a positive for developers with existing joint development / investment arrangements with foreign ...


Leela weighs options to ease debt load

Hotel Leelaventure wants to sell some assets, including its signature property in Delhi, but the plan has been hit by the slowdown in the sector

Mahindra Holidays & Resorts appoints Kavinder Singh as MD and CEO

Company reports 21 % growth in profit

Thomas Cook India Q3 net profit at Rs 22.18 crore

Total consolidated revenue of the company was at Rs 612.47 crore during the quarter under review


Thermax gains on winning Rs 321 crore worth order

Thermax surged 4% after securing Rs 321 crore worth order to build and commission a captive power plant in Africa

India Inc sees order flow pick up pace in September quarter

The capital goods sector accounted for the highest 83%, or Rs 23,448 crore, of the total order inflow

Today's picks- 29 October 2014

Nifty, Bank Nifty, NTPC, DLF & BHEL


JK Lakshmi Cement hits record high as Q2 profit trebles

The stock rallied 5% to Rs 378 on NSE after reporting profit of Rs 31 crore in September quarter against Rs 10 crore in a year ago quarter.

Sanmar Group plans to invest $150 mn in Egypt

The Group already invested $1.15 billion in the country

Castrol sees benefit of falling crude from next year

The continued momentum in the personal mobility segment drove sales of the company to an 11% increase at Rs 799 cr during July-Sept 2014 quarter


Blessing in disguise for Coal India?

The government has finally paved the way for ending the state monopoly, by allowing commercial mining in the private sector

Sesa Sterlite stock falls 3% on weak Q2 performance

Slow commissioning of projects with low return potential has been affecting the company's performance, say analysts

Sesa Sterlite's profit down 32% to Rs 1,658 crore

Total income stood at Rs 19,549 crore versus Rs 25,356 crore annually


Gail (India) hits new high as Q2 profit beats estimates

The stock surged 8% to Rs 552 after reporting 42% yoy jump in net profit at Rs 1,303 crore in September 2014 quarter.

Piramal Glass, others shut units after GAIL cuts gas supplies

The company on Sept 27 cut supplies to 30 industries in South Gujarat but did not touch small users in other states

Just Dial gains post clarifications on fund raising plan

Since October 20, the stock had tanked nearly 20% from Rs 1,694 to Rs 1,359 on Tuesday,


Beyond Business Rss icon

Naseeruddin Shah: the actor in my head

Like his breathtaking performances, Naseeruddin Shah's entertaining memoir leaves a lasting impression on the reader

Connaught Place 2.0

Once in decline, the central Delhi landmark is buzzing with new restaurants, cafes and public events

Commodities

Commodity
Price(Rs)
Change
(%)

26072.00
-531
-2

4957.00
-60
-1.2

35675.00
-899
-2.46

419.30
+2.4
+0.58

239.40
+3.7
+1.57

FEATURES

In Depth Rss icon

Leela weighs options to ease debt load

Hotel Leelaventure wants to sell some assets, including its signature property in Delhi, but the plan has been hit by the slowdown in the sector

Reliance, Essar could spell trouble for state fuel retailers

With diesel prices fully deregulated, private retailers are ready to expand their presence

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

40 years ago...and now: Calcutta shaped ad mentoring

City of Joy brought good tidings for a large swathe of brands in the 1970-80s and groomed strong talent

Harley-Davidson's new trio for India

British motorcycle brand, Triumph, is the only price competitor

Business Education Rss icon

TISS to lead govt's skill training initiative

The framework for the TISS SVE was conceptualised in 2011, to spread skill development to every nook and corner of the country