MARKETS »

Greece crisis is a good opportunity to buy stocks: analysts


CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week

Greece Crisis »

Despite Lagarde's initial reluctance, IMF on the hook for Greece


Move to lend to Greece against its rules may expose the institution to greater scrutiny

COMPANIES »

HUL eyes wider product portfolio as part of new strategy


Herbal products, diapers some of the areas company will focus its attention in future

ECONOMY AND POLICY »

Land Bill committee to seek extension amid more 'nays'


Barely a handful of witnesses have supported amendments before a joint parliamentary committee

AROUND THE GLOBE »

US spied on French economy ministers, top companies: reports


French newspaper Liberation said the US agency had spied on some 100 French companies

CURRENT AFFAIRS »

Moderate intensity earthquake jolts Kashmir


The magnitude of the earthquake was 5.5 on the Richter scale

FINANCE »

Irdai to pause on multiple tie-ups


Noting opposition from PSBs, regulator believes this isn't the time to push its draft proposal; however, exclusive arrangements to be

Data Stories

The 'Net' effect

A report by McKinsey Global Institute estimates the economic impact of the Internet of Things could be $3.9 tn to $11.1 tn a year by 2025

BS Poll

Three Indian carriers have approached the regulator with a proposal to allow them to charge travellers for every kilogram of checked luggage. Should DGCA approve the proposal?

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Columnists

When retirement beckons
Ajit Balakrishnan

How do the powerful manage the approach of long years of retirement?

Experimental China
Andrew Sheng & Xiao Geng

Rather than avoiding risk, China's leaders remain prepared to reverse failing policies; and, if necessary, they are willing to pay for mistakes

The family in Indian
business

Shailesh Dobhal

In peace and at war, firms remain tethered to promoter families in a uniquely Indian way

Transformational moment
Neil Irwin

Greek leaders think offer on the table from European govts and IMF is lousy, requiring still more pension cuts and tax increases

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

Room for rebels?

Lessons from the fate that befell rebel BJP CMs

A managed Grexit

Greece and the 'troika' must accept reality

Financial X-ray

Bharat Forge: Decline in North American truck market may impact sales

Weak ordering likely to impact Bharat Forge's revenue growth a few quarters down the line

BHEL: Positive signs, but still early to rejoice

Recent commissioning of projects good news but bottlenecks remain as BTG market yet to show uptick

BOOK REVIEWS

India off the tourist track

Samir Nazareth's sheer inquisitiveness gives 1400 Bananas, 76 Towns & 1 Million People the level of detail of an hourly maintained diary

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

Mphasis, Ramco Systems rally on heavy volumes

Ramco Systems has surged 12% to Rs 782, while Mphasis soared 10.5% to Rs 428 on the NSE in intra-day trade.

Lakshmi Vilas Bank cuts base rate by 0.15%

Effective from July 1, it is the second reduction by the bank this fiscal

Nestle India gains on Bombay HC nod for export of Maggi noodles

The stock hit a high of Rs 6,306, bouncing back nearly 5% from intra-day lows of Rs 6,022 touched on the NSE in early morning trades.


FMCG shares in focus; Godrej Consumer, Emami hits record high

At 1243 hours, CNX FMCG index was up 1.5% or 297 points at 20,052 as compared to 0.15% rise in the CNX Nifty.

Rajesh Exports hits new high ahead of board meet

In the past three weeks, the stock zoomed 43% after the company bagged an export order worth Rs 1,302 crore from a UAE-based company.

Today's picks- 29 June 2015

Nifty, Bank Nifty, Tech Mahindra, Hindalco & HInd Unilever


Lakshmi Vilas Bank cuts base rate by 0.15%

Effective from July 1, it is the second reduction by the bank this fiscal

Kotak Mahindra Bank gains on shareholders nod for bonus issue

The shareholders have approved issue of bonus shares in the ratio of 1:1

Greek crisis not to impact ICICI Bank: Chanda Kochhar

Country's largest private sector lender ICICI Bank today said it sees no impact of the Greek debt crisis on the bank as it has no exposure to ...


Regulate services like WhatsApp, Skype, recommends DoT panel

Airtel Zero platform kicks off debate on net neutrality; telcos demand same rules for same services

RCom in talks with ATC, Carlyle for stake sale in tower biz

BSE had sought clarification from RCom with respect to reports that it was in talks for sale of majority stake in tower business under Reliance ...

Airtel, Ortel keen to create PoC for Bhubaneswar Wi Fi project

The two companies are keen to create PoC for Utkal university campus and the posh Sahid Nagar locality in the city


Mphasis, Ramco Systems rally on heavy volumes

Ramco Systems has surged 12% to Rs 782, while Mphasis soared 10.5% to Rs 428 on the NSE in intra-day trade.

Tech Mahindra sees weak revenue, earnings in Apr-Jun quarter

Says seasonally weak mobility business will be a drag on Q1 revenues and EBITDA

Innovation to differentiate us in marketplace: Wipro

The company will significantly increase its rate of patent filing over the next three years


Suven Life Sciences gets patents for neurological drug

The drug firm has a total of six granted patents from Israel, 17 from Japan and 20 from South Africa

Marksans Pharma gains on acquisition of US-based company

The stock gained 9% to Rs 63.50 after the company said it has acquired Time-Cap Laboratories through its subsidiary.

Midcaps, smallcaps outperform in a flat market

The BSE Midcap index has jumped by 0.9% at 10,638 and the smallcap index has added 0.7% at 11,040.


M&M aims for double-digit growth in Africa

Sets up Africa-focused business unit to spur growth

Auto stocks surge on improved monsoon expectations

After the gloom from early deficit predictions, sentiment has changed with the advance of rain clouds; however, industry keeps its fingers ...

Europe crisis: Stocks across the spectrum feel the heat

Motherson Sumi, Bharat Forge, Havells, Cox & Kings and HCL Tech fall up to 6%


Brigade Enterprises rallies on land acquisition plan

At 0921 hours, Brigade Enterprises rallied 18% to Rs 159, while Kansai Nerolac Paints was up 3% at Rs 219 on the BSE.

LIC Housing Finance to auction Orbit Corp property

It has kept a reserve price of Rs 125 crore

DLF lures buyers with freebies

Everything from organic farming to free shuttle service is being offered by the largest real estate player of India


GMR group begins construction of Philippines airport

GMR Infra JV won contract to expand and modernise Mactan-Cebu airport in Philippines on BOT basis for 25 years

Larsen & Toubro rebounds 4% from intra-day lows

So far in June, the stock has outperformed the market by gaining 8% compared to a 1% decline in the CNX Nifty.

L&T secures new orders worth Rs 2,035 crore

Its building and factor business segment has secured new orders for construction of office spaces, including add-ons


SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.

Kishore Biyani's limitless ambitions

He wants to transform his retail-led enterprise into a consumer goods giant, and reach Rs 1 lakh crore in turnover by 2021, but is that

Raymond: New clothes on an old emperor

Raymond looks to reclaim its place as the perfect brand for the perfect man. Can it keep up with the changing times?


Markets have a subdued morning; Nifty hovers at 8,300

At 9.20am, the Sensex was at 27,727, higher by 77 points or 0.2% and the Nifty was at 8,344, up 26 points.

Today's picks- 29 June 2015

Nifty, Bank Nifty, Tech Mahindra, Hindalco & HInd Unilever

CNX Metal index hits fresh 52-week low

Thus far in 2015, CNX Metal index has underperformed the market by falling 14% compared to 1% rise in the Sensex.


Nestle India gains on Bombay HC nod for export of Maggi noodles

The stock hit a high of Rs 6,306, bouncing back nearly 5% from intra-day lows of Rs 6,022 touched on the NSE in early morning trades.

Zydus wins USFDA nod for neurological drug

Group now has 100 approvals and has so far filed over 260 ANDAs

Rallis India: Newer segments to drive growth

Seeds, plant nutrients and exports are expected to improve revenue growth and profitability


TV18 and CNN to part ways from Jan 2016

They have a ten-year licensing pact, which they have decided not to renew

Sun TV Network extends decline on heavy volumes

The stock dipped nearly 15% to Rs 275, extending its previous day's 2% fall on the NSE.

Home Ministry top sources favour non-renewal of Sun TV licence

Sun TV shares fell by a sharp 6% on account of reports that the Prime Minister's Office has indicated that it finds merit in the Home Ministry's ...


BPCL acquires 19.97% stake in PetronetCCK

PCCKL will become a subsidiary of BPCL with BPCL holding 68.97%

RIL to defer gas field development if price outlook uncertain

Development of of R-Series and other satellite gas fields dependent on the future economic viability of the required investments, said Niko

RIL to shut down one refinery unit for maintenance in July

The other three crude distillation units in Jamnagar for will be operating at normal rate


Deep Industries surges on signing contract with ONGC

The stock surged 16% to Rs 89.25 on the NSE on the back of heavy volumes.

Australian project stuck, Adani to focus on India plans

With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses

Markets stumble on global cues; Sensex loses 85 points

The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.


Beyond Business Rss icon

The incredible lightness of being

Pilates, a fitness system that focuses on stretching to help the muscles find their balance, is becoming popular. The author tries it out

Wimbledon 2015: The contenders

The tournament holds enormous significance for both Serena Williams and Novak Djokovic, though for different reasons

Commodities

Commodity
Price(Rs)
Change
(%)

26588.00
-83
-0.31

3725.00
-10
-0.27

35682.00
-172
-0.48

371.20
-3.6
-0.96

179.30
-1.9
-1.05

FEATURES

In Depth Rss icon

A Naga settlement: so near, yet so far

The government's strategy to negotiate with one faction of the rebels has exasperated the group led by SS Khaplang

Mass medicine scheme needs a booster dose

Despite several attempts, Jan Aushadhi Scheme continues to face an uphill task in making generic & cheaply priced medicines easily accessible

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

CavinKare plots a new route

The Chennai-based company is taking its best-selling brand national, taking on stalwarts in the hair care sector

Never say goodbye

Hotels are wooing a growing band of travel enthusiasts with a range of flexible and lucrative loyalty programmes