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MARKETS »

SpiceJet tanks 17% on heavy volumes


The company owes about Rs 200 crore to the AAI and various tax authorities, report.

Larsen and Toubro

COMPANIES »

Provisioning steals the show for L&T


Order book increased by a modest 11%, helped by major infrastructure, hydrocarbon and heavy engineering orders from the export market

ECONOMY »

Top earners, high-growth sectors under tax scanner


Tax department monitoring payments to professionals, high-value personal expenses

Around the world »

Twitter assuages growth concerns, shares soar 35%


Users increase to 271 million, but still dwarfed by Facebook's 1.3 billion

India @WTO »

Kerry presses India on WTO deal ahead of arrival


Says India stands to gain by setting up a level playing field instead of creating trade barriers

PERSONAL FINANCE »

Does a housing investment pay at all?


You may not believe it but data show average real appreciation in residential property in urban India over 2007-14 was zero

FINANCE »

August too early for rate cut by central bank


Experts believe it might be too early for RBI to reduce rates despite improvement in retail inflation, monsoon

BS Poll

If you were to buy books, music and movies online, where would you go?

Amazon  
Flipkart  
Both  
Neither  

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Derivatives

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Columnists

A solution for the WTO
Arvind Subramanian

India is right to support its agriculture, but is going about it the wrong way

Tribunals in the
doldrums

M J Antony

The Supreme Court will decide their legal status in two months

Ambient intolerance goes
up

Bharat Bhushan

With the ambient temperature of Hindutva rising in Indian social discourse, the question is whether Modi is letting situation drift deliberately

What can replace the
collegium?

Subir Roy

Katju has done nation a service by highlighting fact that collegium system, created by apex court to safeguard the independence of judiciary

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

The status quo option

RBI should maintain its inflation-fighting credibility

Asia's hunger for change

A tired Indonesia votes for an outsider

Financial X-ray

Bharti Airtel: India biz drives Q1 earnings

India margins and realisations trend upwards, Africa witnesses high customer churn, margin dip

Cigarettes continue to drive ITC's profitability

While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction

BOOK REVIEWS

Core competency is back in fashion

The authors say that in business it can be easy to get so enamoured with your growth strategy that you forget to step back

Much ado about everything

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

Pierre Briancon

A fine award
Pierre Briancon


Yukos ruling casts Russia further into the cold

Martin Hutchinson

Capex blues
Martin Hutchinson


US corporate capex may be as good as it gets

CompaniesRss icon

CESC to commission first phase of Haldia thermal unit in Oct

The company had earlier said it will invest around Rs 4,000 crore in this project

RBI will offer clarity on age bar for private bank chiefs soon: Sobti

For whole-time directors (including CEO) no maximum age is specified and decisions have been taken on a case to case basis

United Spirits CEO Anand Kripalu to be on Diageo's Executive Committee

According to Diageo, these changes further enhance the in-market accountability which will be key to delivery of Diageo's performance ambition


United Spirits CEO Anand Kripalu to be on Diageo's Executive Committee

According to Diageo, these changes further enhance the in-market accountability which will be key to delivery of Diageo's performance ambition

ITC hits two month high on good Q1 numbers

Analysts at Motilal Oswal reiterate 'buy' rating on the stock with a target price of Rs 400.

ITC net up 15.6% on agri, paper, cigarette sales

Cigarette segment saw an increase of 21.4% in pre-tax profit at Rs 2,721.75 cr


RBI will offer clarity on age bar for private bank chiefs soon: Sobti

For whole-time directors (including CEO) no maximum age is specified and decisions have been taken on a case to case basis

Bank of India Q1 net down 16% at Rs 805 crore

Bank had posted net profit of Rs 964.18 crore during the corresponding April-June quarter in the previous fiscal

DCB Bank aims to double balance sheet in 3 years

The bank had closed the first quarter (April-June) of this financial year with total assets of Rs 12,884 cr


Bharti Airtel gains 3% on good Q1 results

Q1 consolidated net profit up 61% yoy at Rs 1,108 crore, backed by a 74% rise in mobile data revenue.

Airtel net rises 61% on data revenue

Operating earnings up 18%, Africa revenue rises 12% in constant terms

Bharti Airtel: India biz drives Q1 earnings

India margins and realisations trend upwards, Africa witnesses high customer churn, margin dip


Hexaware will diversify its global delivery: R Srikrishna

Interview with Chief Executive, Hexaware Technologies

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


Tata Motors falls 9% in three-days as JLR cuts prices in China

JLR has reduced its prices on three of its high end models in response to an pricing and anti-monopoly investigation in China, report.

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

Ashok Leyland to invest around Rs 450-500 crore

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


CESC to commission first phase of Haldia thermal unit in Oct

The company had earlier said it will invest around Rs 4,000 crore in this project

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


SpiceJet tanks 17% on heavy volumes

The company owes about Rs 200 crore to the AAI and various tax authorities, report.

Govt may review global airline bilateral agreement method

To 'go slow' on talks till comprehensive parameters are reached for determining such pacts

SpiceJet owes Rs 200 cr to airports, govt

Airline says can't discuss dues publicly, denies grounding of planes


Siemens bags Rs 411-crore contract from PGCIL

Scope of the work includes design, engineering, commissioning and installation of SVCs

Bharat Forge Q1 net up 60% at Rs 145 cr

Company's net profit stood at Rs 90.60 crore in the same quarter of the previous fiscal

Igarashi Motors Q1 net up 16% at Rs 10 cr

Total income witnesses marginal increase of 2.8% at Rs 90 cr


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


Tata Steel's Odisha project on track

Company should start production by the fourth quarter (Jan-Mar) of the current fiscal

Sesa Sterlite net at Rs 375 cr

Excluding the exceptional item, the company's bottom line stood at Rs 1,341 cr for the period under review, up 8.5% from estimates

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


Dhanuka Agritech Q1 net up 18% to Rs 20.45 crore

Company had reported a net profit of Rs 17.35 crore for the corresponding quarter last year

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 ...


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


DCM Shriram soars on strong Q1 results

The stock soared 19% to 184 after reporting a strong 33% yoy jump in consolidated net profit at Rs 203 crore for the quarter ended June 2014.

Kerry praises Tata group for creating jobs in US

Secretary of State also praises American motor company Ford for creating employment opportunities in India

Eredene Capital exits from Sattva with 4.6X return

The sale reduces Eredene's stake in the Company to 16%


Technology Rss icon

XIAOMI MI3: Little things make great impact

Flipkart crashing when sale of Mi3 opened proves the phone has generated much interest

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
(%)

27809.00
-57
-0.2

6108.00
+25
+0.41

44260.00
-9
-0.02

229.50
+0.6
+0.26

428.45
-1.25
-0.29

FEATURES

In Depth Rss icon

Retailers search for clarity in govt's policy confusion

While the government may be looking at easing the rules for single-brand retail, multi-brand and online continue to be caught in a logjam

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

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