MARKETS »

Sensex, Nifty end at record closing highs; bank shares rally


The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477.

KOTAK'S ING ACQUISITION »

Why India needs more bank marriages


With new banks likely to be cleared by RBI soon, consolidation is expected to pick up to gain market share

COMPANIES »

Future Group acquires supermarket chain Nilgiris


Will leverage Nilgiris' network to build franchise-led stores

AROUND THE WORLD »

Shaky Euro zone, China sound warnings for global growth


Japan shows surprisingly strong growth in exports in October

ECONOMY »

Clock ticks on reforms, meeting fiscal deficit target looks difficult


Factory utilisation and capital spending remain low

CURRENT AFFAIRS »

Pilatus or HAL's trainer: Parrikar's first 'Make' decision


HAL credibly claims it can build the HTT-40 basic trainer but IAF wants to import from swiss company Pilatus

PERSONAL FINANCE »

More new fund offerings to choose from?


Don't make net worth dominant criterion while choosing a fund

BS Poll

Has the Jan Dhan scheme only added to the woes of the poor instead of empowering them?

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Derivatives

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Columnists

Why India needs a robust
national opposition

Jaimini Bhagwati

Governance turns arbitrary, disingenuous or worse if there are no credible alternatives

The art of flattery
Shyamal Majumdar

Sycophants may be the butt of corporate jokes, but some of them have made buttering-up the boss a fine art

A sudden schism emerges
between Abe and the Bank
of Japan governor

Jonathan Soble

Moving in sync toward their goal of ending economic stagnation in Japan, Shinzo Abe and Haruhiko Kuroda suddenly look out of step

The unsung billionaire
Bhupesh Bhandari

Qimat Rai Gupta of Havells India had an extraordinary life, and he chose to live it away from the limelight

BLOGS


The 'macho' men need their day too
Aletta D'cruz

International Men's Day, as pretentious as it may sound, is important to highlight a long ignored problem

China's economic transition
Ishan Bakshi

Report from Asia Society says China can no longer rely on the old sources of growth, a point even acknowledged by its leaders

EDITORIAL COMMENTS

Towards a common carrier

Power reforms must offer more options to consumers

Breather for telecom

Govt does well to resolve inter-ministerial spectrum dispute

Financial X-ray

Global steel prices continue to fall, India may follow

Experts say prices in India might fall another 3-4% by year-end

Strong growth, return ratios to support Bajaj Finance's valuations

The stock has given 100% returns in the past year, on the back of consistent financial performance

BOOK REVIEWS

A guided tour of Campaign 2014

The book takes us on a guided tour of Campaign 2014 starting with the origins of the two supposed contenders, Narendra Modi and Rahul Gandhi

Sunny side up, the fury of Gaia

Diane Ackerman’s The Human Age: The World Shaped by Us recognises the indelible imprint of man’s technological advancement and celebrates it

Nuclear meltdown
Pierre Briançon


Areva holders pay for years of state blunders

Staying tuned
Robyn Mak


China great wall of content could be more than fad

CompaniesRss icon

Bharti Airtel appoints Titus Naikuni as chairman for Kenya operations

Comes with vast board-room experience with many companies across sectors

Essar Oil extends fall as Sebi revamps delisting norms

The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.

ICICI Bank not to hire aggressively, skips attrition replacement

The bank which more than doubled its headcount in last five years, has decided not to hire aggressively for now


ICICI Bank not to hire aggressively, skips attrition replacement

The bank which more than doubled its headcount in last five years, has decided not to hire aggressively for now

RBI policy allows ING to hold 10% in merged entity: Uday Kotak

All depositors to get the same savings rate, says Uday Kotak

Cos garner 6,000 cr via NCD in current fiscal

In comparison, firms had collectively raised Rs 10,846 crore via 10 issues in the April-October period of the previous fiscal


FTIL surges as Jignesh Shah steps down

FTIL gains after board of directors approved the appointment of Prashant Desai, President as MD & CEO of the Company.

Tech Mahindra acquires US-based LCC for $240mn

The all-cash deal would be funded through internal accruals

BPO financial irregularities to cost Infosys less than $1 mn

Beside former CFO Abraham Mathews, Infosys has also dismissed around 10 other employees who were involved in the irregularities


Amrutanjan Health Care zooms over 50% in three days

Till 1205 hours, a combined 2.51 million shares representing 17% of total equity of the company changed hands on NSE and BSE.

US court overturns Ranbaxy's bid to block launch of rival generic drugs

It had sought restraining order against Dr Reddy's, Endo Intl in lawsuit against US FDA

Apollo Hospitals to enhance healthcare facilities in Fiji

An MoU enables better access to high quality care for people with telemedicine


Ahluwalia Contracts rallies on BNP Paribas stake buy

On November 20, BNP Paribas Arbitrage bought 778,316 shares or 1.24% stake of the company via open market.

Sasan's ability to boost Reliance Power's profitability is yet to be tested

The UMPP's financials will be consolidated with RPower's earnings only after the sixth unit gets operational

NTPC raises $500 mn from international bond markets

NTPC is the first Indian company to tap the foreign currency bond market


Jet Airways: On course to improved performance

Rise in competition could offset gains on falling fuel prices; for SpiceJet, a turnround hangs on recapitalisation

SpiceJet to return to profitability within a year from recapitalisation

COO, Sanjiv Kapoor, says airline close to sealing a deal with investors

AISATS launches e-freight initiative at Bengaluru intl airport

It is a web-based electronic platform that enables seamless electronic data interchange between various players in the air cargo value chain


Future Group acquires supermarket chain Nilgiris

Deal size expected to be between Rs 175 to Rs 200 crore

Alok industries gains 5% on fund raising plan

Alok industries gains after the company decides to raise Rs 2,000 crore by selling its Store 21, and land in Mumbai, Vapi and Silvassa.

Retailers bank on fashion to drive margins

Margins in apparel segment are upwards of 40% and even higher for private lables


As packaged food companies crumble, Britannia holds ground

Earlier push on distribution, product mix and cost cutting has helped it weather the relative slowdown in the category far better than ...

Sugar stocks in demand

Shares of sugar manufactures are in demand after the govt promised subsidising the production of ethanol for blending with petrol.

Tata Coffee surges on stock split plan

The board will meet on November 25, 2014, to consider the proposal of stock split of the company's equity shares.


Essar Oil extends fall as Sebi revamps delisting norms

The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.

CAG seeks D6 audit for 2012-13, RIL agrees for 2013-14 too

RIL said audit should be in letter and spirit of the Production Sharing Contract signed by the government for KG-D6 fields

Today's picks- 20 November 2014

Nifty, Bank Nifty, HCL Tech, Zee Entertainment & Cairn


Future group acquires supermarket chain Nilgiris

Nilgiris runs convenience store chain with 140 outlets in the south; also owns portfolio of brands in dairy, bakery, chocolates and staples

Future Consumer Enterprise gains on acquiring supermarket chain

Future Consumer gains 10% after purchasing Bangalore-based supermarket chain Nilgiris

Pokarna zooms over 100% in one month

The stock rallied 123% to Rs 580, also its record high on BSE, from Rs 260 on October 20.


Beyond Business Rss icon

Sumitra Charat Ram and the energy of dance and music

On her centenary, recalling the life of Sumitra Charat Ram, to whom Delhi owes much for its culture of classical dance, drama and music

Valley's craft explores new frontiers

This organisation is mentoring and helping craftspersons in Kashmir to diversify their designs and explore more viable markets

Commodities

Commodity
Price(Rs)
Change
(%)

26559.00
+96
+0.36

4732.00
+52
+1.11

36156.00
+337
+0.94

413.25
+0.7
+0.17

272.90
+7.1
+2.67

FEATURES

In Depth Rss icon

How scammers have a field day in India

The first step towards setting up a scam network in a foreign land is to open a bank account

Is the FMCG slowdown catching up with ITC?

Revenue growth has slipped in the last two quarters, but investment plans remain intact

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

Woodland gears up for diversified outdoors play

To have franchisees and a new online plan, after finally launching adventure gear

'Made for each other'- A case of perfect insight

Wills' campaign showed how simple but relevant positioning is ageless

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