COMPANIES »

Mumbai plunges into darkness after Tata Power unit trips


Paralyses work at various establishments including banks, trade and commercial offices

MARKETS »

Markets hit record highs; Sensex ends above 27,000


The Sensex ended above 27,000 for the first time while the Nifty topped 8,100

MODI'S JAPAN VISIT »

Modi hardsells Q1 GDP growth to Japanese investors


Says govt has eased lot of regulations, will do more to promote foreign investment

Around the world »

Pak Parliament holds emergency session to discuss political crisis


The joint session of the Senate and the National Assembly will adopt a resolution to support Prime Minister Sharif

ECONOMY »

More than half of PlanCom staff to be reassigned


New body to replace Plan panel might retain 40% of current employees

SME WORLD »

'Micro units' surplus too small to fund growth'


Government policy has long focused on the employment generation ability of MSMEs rather than their scale of operation

FINANCE »

CVC questions senior appointments in PSBs


The names of the officials were shortlisted during the tenure of the last UPA government

BS Poll

Vijay Mallya has accused United Bank of India of unfair treatment and says that he is not a 'wilful defaulter'. Do you agree?

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Derivatives

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Columnists

Back to the US
Martin Feldstein

The US must change the least company-friendly tax rates in the West

Towards a better
Parliament

A K Bhattacharya

Data compiled by PRS Legislative Research say a lot about the changed environment in Parliament since the formation of the Modi govt

'Insiders' vs
'outsiders' at RBI

A Seshan

The real issue is reconciling the problem of staff denied promotion with the management's desire to promote excellence. But history shows that ...

The good news on IRS
2013

Vanita Kohli-Khandekar

The return of Indian Readership Survey numbers has met with a silent response. Does it mean that the feud over IRS will continue?

BLOGS


Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

EDITORIAL COMMENT

The next 265 days

Govt starts with energy, but has no grand strategy

Europe, again

This time, even Germany is slowing

Financial X-ray

Tech Mahindra enters the big league

Expects to end FY15 with $5 bn in revenues as deal wins continue

Big opportunities opening for Cipla

Respiratory product paves way for launch in larger markets and greater earnings visibility

BOOK REVIEWS

Golden opportunities for war

Kwasi Kwarteng's War and Gold is about the economics of war and the use and abuse of the gold standard

Seoul survivors

The first third of The Birth of Korean Cool – probably the best part – reads like an owner’s manual of how to be Korean

Peter Thal Larsen

Sesame Street
Peter Thal Larsen


6 steps to Alibaba's 12-figure valuation

Ian Campbell

Prescient lemmings
Ian Campbell


Gold's geopolitical ledge won't hold up

CompaniesRss icon

Airtel plans to tap mobile users outside its network

Company launches cross-network music app, plans more such to boost data revenue

No founder's exit is a loss: Subroto Bagchi

Interview with Chairman, Mindtree

Exits at Mindtree a healthy trend: Experts

It might be a healthier trend for co-founders to gradually move aside and allow the company to be run by professionals who could bring fresh ...


E-tail bug bites consumer durables firms

While e-commerce operations for these firms are small at the moment, it is slated to grow in the next 3 to 4 years

Launches key to Nestle's fortunes

Market has cheered company's renewed aggression on innovations and launches; current valuation could limit upside

Bajaj Electricals gains on winning four new orders

The stock hit a high of Rs 302 and a low of Rs 293 so far during the day.


Credit growth likely to be 14-15% in FY15: SBI MD

Says green shoots now visible in the economy are likely to keep the need for fresh corporate debt restructuring at moderate levels in the ...

REC to provide Rs 20,000 cr for Telangana power projects

The state would get 2,800 Mw of additional power by the end of next year from three sources

Capital adequacy ratios of banks hit 6-year low

PSU banks worst hit with average CAR falling to 10.67% as on quarter ended June vs 11.18% in March 2014


Airtel plans to tap mobile users outside its network

Company launches cross-network music app, plans more such to boost data revenue

Bharti Airtel hits 30-month high

The stock rallied nearly 6% to Rs 392 from Rs 370 in past two trading sessions on National Stock Exchange.

Bharti Airtel gains on acquiring Kenyan mobile brand yuMobile

With the acquisition of yuMobile, the company's subscriber base will expand by 2.7 million


Big opportunities opening for Cipla

Respiratory product paves way for launch in larger markets and greater earnings visibility

Cipla zooms 9% on launch of anti-asthma inhaler in Germany, Sweden

The pharmaceutical firm launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair.

Dr Reddy's: Concerns fail to deter investors

Street not perturbed over rising competition for products in US, as overall pipeline remains strong


Power cuts hit large parts of Mumbai

Paralyses work at various establishments including banks, trade and commercial offices

NHAI to tighten norms for claiming damages

Will allow road developers to claim damages only within a period of 30 days

Unitech to sell non-core land to cut debt, improve cash flows

Company's net debt stood at Rs 5,900 crore at the end of the first quarter of this fiscal


SC dismisses Mallya's plea on wilful defaulter tag

The move by SC not to intervene is another setback for Mallya, under threat of being ousted from three key boards of directors of his UB Group

What makes Mallya a 'wilful defaulter'? All you need to know about wilful defaults

Such classfication brings with a high cost, including closing of formal credit channels, and likely criminal proceedings

SpiceJet promoters to increase stake by 10%, to pay Rs 312 crore

Company to allot warrants, which will be converted as equity shares in 2015 & 2016; The additional stake would cost around Rs 312 cr


KKR clinches deal to fund GMR Holdings

First tranche of Rs 150 cr raised; expected to touch Rs 600 cr in 18 months

Hyderabad metro cost escalation estimated to be Rs 3,000 cr

High interest rate on the loan amount is the single largest element contributing to the cost escalation

JBIC looks to funnel Japanese investors into GMR Infra projects

Objective of the signed MOU is to provide low cost long duration financing for infrastructure development projects that involve Japanese ...


Cement shares in demand; ACC, Ambuja up 4%

UltraTech Cement,India Cements,J K Cement, Birla Corporation and Gujarat Sidhee Cement are up 2-5% on BSE.

Vikas GlobalOne surges 19% on bonus issue plan

The board will meet on September 17, to consider issue bonus shares to the equity shareholders of the company.

Challenges ahead for spinning mills

Rise in yarn production in China expected to hit Indian mills


Steel firms increase prices

This comes amid a rise in transportation costs and high iron ore prices; long-steel producers keep prices unchanged

Goa postpones 5th ore auction, anticipating lack of response

State had kept 2.18 mn tonnes of low-grade ore in fifth round after successful sale 5 mn tonnes in earlier rounds

Rungta Mines gets land for Sundergarh steel plant expansion

Lease is for 90 years, carries a value of Rs 19.40 cr


Sugar mills reiterate need for financial help

Lower realisation than cost of production hits financial performance in April-June quarter, industry seeks govt support

Mallya wilful defaulter tag shadows MCF open offer

Poddar-Mallya agreement on running MCF likely to be re-worked

Launches key to Nestle's fortunes

Market has cheered company's renewed aggression on innovations and launches; current valuation could limit upside


Mary Kom attracts 20 brand associations

Brand associations have helped Priyanka Chopra-starrer gain traction in traditional and digital media

Dish TV betting big on Jan Dhan Yojana, offers 10% discount

The discount is for subscribers paying their bill through the RuPay-enabled cards

TV Today Network zooms over 30% in two days on R K Damani stake buy

On August 27, Derive Investments bought 1.17 million shares of TV Today Network for about Rs 21 crore, the NSE data shows.


Need $6-7.15 gas price to break-even: ONGC

Says increased cost of production, rupee depreciation, increase in cost of oilfield equipment has made production costlier

Reliance Haryana SEZ returns Gurgaon, Jhajjar land to Haryana Infra Corporation

The venture was established for development of SEZs, model economic townships and other infrastructure facilities in Haryana

After IOC, govt to sack independent directors of ONGC, HPCL, MRPL

NDA govt is reviewing all appointments made by the previous UPA govt during its last year in office


Offline project yet to take off, Namo Store plans revamp

While online sales continue to grow at a steady 10%, the volunteers-run online store has not been able to garner enough traction to push for ...

Adani buys Australia coal mine royalty rights from Linc for $145 million

Deal comes amid growing questions on whether Adani will go ahead with the project

Gateway Distriparks hits new high on strong response for Snowman IPO

The stock up 4% at Rs 269 on the National Stock Exchange.


Beyond Business Rss icon

Ford Endeavour

Beast on a time lease

The Ford Endeavour will be launched in an all-new version next year. In the meantime, here is the revamped SUV

Traveller in a marine world

Mahima Jaini works as a marine scientist, rescue diver and adventurer rolled into one

Commodities

Commodity
Price(Rs)
Change
(%)

27564.00
-370
-1.32

5667.00
-154
-2.65

41617.00
-387
-0.92

238.10
-9.6
-3.88

428.85
+1.45
+0.34

FEATURES

In Depth Rss icon

After years of neglect, Tirupur starts to weave a fortune

With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet. A FTA with ...

In India, BlackBerry sees its best hope for revival

As the focus shifts to profits, BlackBerry has embarked on a huge cost-cutting exercise around the globe

Real Estate

Real estate developers offer discounts to push sales

Discounts up to 15% expected this festive season; analysts expect Oct-Dec period to garner sales of at least 60k units across seven major cities

Brand World Rss icon

Older gen, joint family in focus

Advertisers look at large families as target audience and speak to the 50-year old plus

Bajaj Discover 150

Bajaj out to re-Discover its commuter brand

A repositioning might be in the offing for Bajaj's Discover, the volume brand, as its many avatars left customers confused

Business Education Rss icon

University of Southern California

USC in talks with varsities to offer course on supply chain

The course offers a globally-integrated master’s programme on SCM aligned to its mission of networking, education and advanced research