MARKETS »

Nifty ends below 8,050; ITC, Sun Pharma dip 2%


The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.

SPICEJET IN CRISIS »

Parent of SpiceJet says there is no cash for a bail-out


The ailing carrier needs at Rs 1,800 cr to stabilise and recover

COMPANIES »

Rouble impact may push Dr Reddy's sales down by 4-5%


Analysts however say that the correction is overdone, stock reverses direction, recoups some losses

AROUND THE WORLD »

Ban on death terms against terrorists to be revoked: Sharif


In lieu of the Peshawar attacks, Sharif further said that talks with the Taliban have yielded no results

ECONOMY »

India exported $94-billion illegal capital in 2012: Study


India ranks fourth among the world's biggest exporters of illicit money, the study says

FINANCE »

Rupee recovers; exporter, dollar selling helps


The Indian currency earlier hit 63.89, the lowest since Nov. 13, 2013

CURRENT AFFAIRS »

High-alert on Delhi high streets after Sydney, Peshawar incidents


Home minister Rajnath Singh has also alerted states to strengthen security measures

BS Poll

Will the brutal attack by Taliban gunmen at an army run school in Peshawar serve as a wake up call for the Pakistani government to crush all home grown terror outfits?

Yes  
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Can't Say  

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Columnists

Exhaustion in Lima
Nitin Desai

The confused outcome of climate-change talks reflects the complex fault lines that divide countries on this issue

Why Delhi does not need
another airport

Anjuli Bhargava

Instead of putting his weight behind a new international airport at Jewar in Greater Noida, the new Minister of State for Civil Aviation should ...

Throwing money at
start-ups in frenzy to
find the next Uber

Steven Davidoff Solomon

Companies are going from zero to billion-dollar valuations faster than ever before, despite a lack of revenue and, perhaps, even a market plan

Modi's honeymoon gets
shorter

Kanika Datta

Most governments, including the United Front of the mid-1990s, enjoy a one-year honeymoon of goodwill from the intelligentsia and the chatterati ...

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

Let SpiceJet fail

Government aid to SpiceJet hurts economy

Peshawar's murdered children

Will tragedy jolt Pakistan's establishment into sense?

Financial X-ray

Maruti: Weak yen to boost margins in FY16 & FY17

Double-digit volume growth in first half of FY15 drives earnings upgrades

Dr Reddy's: Rouble's fall to have 4-5% impact on sales

Analysts say correction is overdone; price rise for OTC drugs could reduce impact

BOOK REVIEWS

KP off the bat

'I don't march in step. I don't ask people to trample all over me because it might make them feel better. That's not who I am.'

Pakistan's defence lawyer

The historian Ayesha Jalal valiantly defends not only Jinnah and the idea of Pakistan, but “actually existing Pakistan”

Una Galani

Dirty coal
Una Galani


Bakries down but not out in $3.6-bn debt rejig

Robyn Mak

Uber fanfare
Robyn Mak


Baidu's Uber stake is more hype than substance

CompaniesRss icon

Air travel ticket prices soar as SpiceJet stays grounded

With no clarity on when SpiceJet will resume services, and a paucity of last-minute alternatives, fares for popular routes go soaring

HZL, Balco stake sales may be postponed to next year

Plan stuck due to a delay in valuation process, pending case in Supreme Court

Banks exert pressure on SpiceJet to repay dues

SpiceJet owes Rs 600 crore, mostly secured


HUL joins cross-promotion bandwagon

In a print ad, the company can be seen referring to leading washing machine makers' endorsement of its Surf Excel Matic detergent

Oil and gas, IT sectors contribute 50% to Sensex fall in December

Infosys, which fell 11% in past 10 trading sessions, dragged the Sensex down by 269 points during the period. RIL accounted 208 points fall in ...

Middle class diamond purchases up four-fold in 12 years in India: De Beers

It's a sign the country is developing into a diamond consumer market to complement its pre-eminence as a polishing centre


ICICI Bank, Bank of Baroda fined for flouting KYC norms

ICICI Bank has been slapped with a fine of Rs 50 lakh, while BoB has been levied a fine of Rs 25 lakh

RBI slaps Rs 50 lakh penalty on ICICI Bank, Rs 25 lakh on BoB

It has imposed monetary penalty on the two banks for violation of its instructions

PSU banks rebound; CNX PSU index up 3%

SBI, Oriental Bank of Commerce, Indian Bank, Union Bank, Bank of India and Syndicate Bank are up 3-6% on NSE.


Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Airtel to sell telecom tower assets in Zambia and Rwanda to IHS

The deals will allow Airtel to focus on its core business, reduce debt and cut down on capex

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.


Tech Mahindra to launch connected solutions for used cars

The company is learnt to have entered into a strategic alliance with Germany's Enquiss GmbH for the same

Today's picks- 16 December 2014

Nifty, Bank Nifty, Sesa Sterlite, Cairn & TCS

Tech Mahindra comes a step closer to 2015 goal

After the acquisition of US-based LCC, it needs one more big-ticket acquisition to become a $5-billion company


Dr Reddy's: Rouble's fall to have 4-5% impact on sales

Analysts say correction is overdone; price rise for OTC drugs could reduce impact

HC reserves order on Novartis-Cipla drug dispute

The dispute is over manufacturing of the drug Indacaterol, used for treatment of chronic obstructive pulmonary disease

Rouble impact may push Dr Reddy's sales down by 4-5%

Analysts however say that the correction is overdone, stock reverses direction, recoups some losses


Maruti: Weak yen to boost margins in FY16 & FY17

Double-digit volume growth in first half of FY15 drives earnings upgrades

Tata Motors developing vehicles for defence sector

Some orders from the defence sector are in the pipeline, says plant head of the Jamshedpur unit of the company

Motherson Sumi: Expanding reach

Its acquisition of Germany-based Scherer and Trier is complementary with its other plastic parts' subsidiary SMP


Air travel ticket prices soar as SpiceJet stays grounded

With no clarity on when SpiceJet will resume services, and a paucity of last-minute alternatives, fares for popular routes go soaring

Banks exert pressure on SpiceJet to repay dues

SpiceJet owes Rs 600 crore, mostly secured

Maran has the cash to bail out company

The Maran family owns 75% stake in publicly listed Sun TV Network, which has a market capitalisation of Rs 13,243 cr


Wind power sector readies for consolidation as Govt aims big

Increased impetus to 'Make in India' has made the sector an attractive investment opportunity all over again

ABB and Hitachi to form strategic power grid partnership

HVDC is a technology used for transmitting electricity between two grid systems

ABB, Hitachi to tie up for HVDC power grid in Japan

The new entity, to be based in Tokyo, will be responsible for design, engineering, supply and after-sales services


Hydro S&S Industries dips on fixing floor price for OFS

The stock dipped 10% to Rs 194, extending its previous day's 6% fall on NSE.

Good days ahead for cement firms

Improving realisations, led by demand revival and moderation in capacity expansion, say analysts

Arvind bags energy conservation award in textiles sector

Arvind Limited, one of the largest integrated textile and branded apparel player, has bagged the first prize in the textile sector in the ...


HZL, Balco stake sales may be postponed to next year

Plan stuck due to a delay in valuation process, pending case in Supreme Court

Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Equipment utilisation by Coal India Limited still below best global practices: ex-CIL CMD

The equipment utilisation by world's largest coal producer Coal India Limited (CIL) is still below the global best and the company needs to ...


Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India

Wagh Bakri rules out IPO

Firm is open to acquisitions to speed up growth; is waiting for GST rollout to decide on new plant site


Oil firms await refuelling request from SpiceJet

Part payment brings minor relief for airline

Status report on RIL arbitrations sent to PMO

RIL and its partners have four arbitration cases with govt of which two are for KG-D6 on cost recovery and market pricing

ONGC awards 100 million euro contract to French firm Technip

The terminal will have a capacity of 6 million standard cubic meters per day


Technology Rss icon

Lava launches new smartphone for Rs 8,888

Iris Fuel 60 aims to put an end to the recurring problem of frequent charging

Now, use your phone on your skin

a French company that makes innovative products Circet has come up with a way to use our ...

Asus T200: Transforming for the better

A look at mobile gadgets that can be used as tablets and as laptops

First Impression : Nexus 6

The device is big and beautiful, but comes with a price

Beyond Business Rss icon

TB is the new lifestyle disease

Crash diets, stress and chronic diseases have brought immunity levels down and made TB a modern-day ailment that is affecting even the affluent

The day I become a Hobbit

The Shire where JRR Tolkien's Hobbits live has now moved from fiction to a farm in New Zealand. It left Latha Srinivasan in a daze with its ...

Commodities

Commodity
Price(Rs)
Change
(%)

26966.00
-228
-0.84

3736.00
+109
+3.01

36790.00
+63
+0.17

407.25
-1.5
-0.37

235.00
+0.4
+0.17

FEATURES

In Depth Rss icon

Tech Mahindra comes a step closer to 2015 goal

After the acquisition of US-based LCC, it needs one more big-ticket acquisition to become a $5-billion company

Supertech spruces customer service, brand image, to steer Gurgaon plan

The company is boosting its brand image by associating with global brands

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

Webchutney to help Dentsu stay ahead of the digital curve

Acquired by Dentsu-Aegis Network last year, it leads its digital creative and web design biz

Eros takes silver screen savvy digital

While movie production will remain its core business, the studio is sprucing up its digital business model with exclusive content

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