COMPANIES »

HDFC Q3 net up 12% at Rs 1,425 crore


Income from operations up 13% at Rs 6,758 crore

MARKETS »

Nifty records longest rally in 10 months on Jan F&O expiry


The Sensex ended 123 points higher at 29,682, while the Nifty moved up to 8,952 levels

CLEARER SKIES »

Singapore's Tigerair terminates interline agreement with SpiceJet


The development comes as SpiceJet works towards reviving its operations with fresh investments of Rs 1,500 cr

ECONOMY »

Crude oil prices expected to pick-up in a year's time


Demand growth is forecast to pick up this year from last, but is not expected to exceed 900,000 bpd

CURRENT AFFAIRS »

Uber, other taxi-hailing apps hit new roadblock in Delhi


The aggregator restarted operations last week after applying for a radio taxi licence, though govt said Uber was still blacklisted

AROUND THE WORLD »

Facebook tops Wall St revenue target in Q4 on mobile ad growth


Mobile ads accounted for 69% of advertising revenue in the fourth quarter, or $2.48 billion

FINANCE »

SKS to set up small finance bank


Will apply to RBI by February 7, the last day for filing applications

BS Poll

Does the Shiv Sena's call for dropping the words 'secular' and 'socialist' from the preamble to the Constitution betray a Hindutva agenda?

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Derivatives

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Columnists

The Eagle has not yet
landed

Mihir S Sharma

Sadly, the India-US summit produced more spin than it did deals

Obama and Vishal - Good
photo op

Shyamal Majumdar

The US President was probably unaware that the son of a manual labourer had to abandon studies as his school closed down

Women in command?
Bhupesh Bhandari

The daughter is still some distance away from becoming a truly equal partner

After Alibaba spin-off,
Yahoo! may become a
takeover target

Michael J de la Merced

When the spin-off is complete & Yahoo! has shed its stake in the Chinese e-commerce giant, it's more likely to become hunted rather than hunter

BLOGS


Kavita Chowdhury: On the right to free expression

Defending the right to offend using the free speech argument, but circumscribed by the sensibilities of religious beliefs, is tricky

Abhishek Jha: The baffling case of Stuart Binny's selection

The 'allrounder' got a ticket on the World Cup bus yesterday. Abhishek Jha points out why this selection is biased in more than one way

EDITORIAL COMMENTS

Forward on disinvestment

But bunching up of stake sales not helpful

The currency conundrum

A clear case for applying brakes on rupee appreciation

Financial X-ray

Asian Paints: Weak show to test rich valuations

Poor volume growth and slower pick-up in new businesses might trigger earnings downgrade

Ashok Leyland's Q3 PAT below estimates

Higher tax rate, sequential fall in operating margin impact profit

BOOK REVIEWS

Primary colours of the Indian stock market

Gautam Parikh provides a comprehensive view on the evolution of the stock market

Demolishing an idea of India

In Destruction of the Babri Masjid A G Noorani may seem alarmist, his language somewhat bitter

John Foley

It's complicated
John Foley


Alibaba gives crash course on government relations

Kevin Allison

Burger flipped
Kevin Allison


New McDonald's boss has the right ingredients

CompaniesRss icon

Mega share sales: Will the markets correct?

Most big offers hitting the market saw the broader indices correct 2-4%

10 of 12 OFS stocks have underperformed the markets

Out of the 12 companies that raised funds via this route, six stocks are trading up to 46% higher, while four stocks have recorded negative ...

Coal India OFS: An opportunity for investors

Valuations reasonable, say observers, and outlook for most of fundamentals looking up, for a variety of reasons


Asian Paints: Weak show to test rich valuations

Poor volume growth and slower pick-up in new businesses might trigger earnings downgrade

Authorities seal Pepsi's co-packer LA Bottlers' bores at Tiruchy

Move comes after local villagers protest, claiming drop in ground water levels

Akzo Nobel Q3 net up 88% at Rs 50.74 crore

Net sales of the company stood at Rs 671.41 crore for the third quarter of this fiscal


Mega share sales: Will the markets correct?

Most big offers hitting the market saw the broader indices correct 2-4%

SKS to set up small finance bank

SKS president Dilli Raj told Business Standard that establishment of a bank was a "logical extension of our financial inclusion agenda"

IDFC group to pick up stake in Future's payment bank

Future had earlier owned an NBFC named Future Capital now called Capital First


TTML to raise Rs 2,500 cr by issuing non-convertible debentures

Meanwhile, the company reported a standalone net loss of Rs 169 cr for the quarter ended Dec 31, 2014

Bharti Airtel subsidiary to apply for Payments Bank Licence

Kotak Mahindra Bank to acquire 19.9% stake in AMSL as an investor

Reserve price of 2,100-MHz spectrum stands at Rs 3,705 cr

The base price suggested by the Telecom Commission is around 35% higher than what telecom firms paid for in the 2010 auction


SpiceJet aims to expand network 30%, add 60 daily flights by April

Despite investment plan approval, airline yet to clear pilot salaries for December

Tigerair scraps three-year inter-line pact with SpiceJet

Agreement could not meet even 30% of revenue target, flight schedules could not be matched

Transport dept finds gaps in applications of Uber, Ola, TaxiForSure

Things that are missing from applications include undertakings for parking, telephone number, email address and address proof of registered ...


Today's picks- 29 January 2015

Nifty, Bank Nifty, Coal India, Ambuja Cement & BHEL

HAL board to be recast by April 1

The company has plans in place to invest Rs 7,000 cr over the next three years

BHEL commissions 600 MW thermal unit in Odisha

Company's scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, ...


Today's picks- 29 January 2015

Nifty, Bank Nifty, Coal India, Ambuja Cement & BHEL

Astral Poly Technik posts 47.88% dip in Q3 net profit

Ahmedabad-based Astral Poly Technik Ltd. saw its standalone net profit for the third quarter ended December 31, 2014 for financial year 2014-15 ...

Welspun India's Q3 net up 31% in Q3

Revenues increased 22% to Rs 1,103 cr


Mega share sales: Will the markets correct?

Most big offers hitting the market saw the broader indices correct 2-4%

10 of 12 OFS stocks have underperformed the markets

Out of the 12 companies that raised funds via this route, six stocks are trading up to 46% higher, while four stocks have recorded negative ...

Coal India OFS: An opportunity for investors

Valuations reasonable, say observers, and outlook for most of fundamentals looking up, for a variety of reasons


Hyderabad firm launches germplasm bank

The Rs 4 cr facility has 107 lockers in which germplasms will be stored from 5-40 years under minus 20 degrees temperature

GSFC's Q3 net profit stands at Rs 103.47 cr

Company's total income decreased to Rs 1344.64 cr

Nagarjuna Agrichem to focus on domestic market

The company has an estimated share of 4 pc in the Rs 13,200-cr domestic agrochemical sector


Sun TV stock unfazed by Marans' woes

Stock rises 1.25%; analysts remain bullish on the scrip

Shemaroo Entertainment extends rally on FIIs buying

FIIs acquired 886,270 shares representing 3.26% stake in Shemaroo Entertainment in past two trading sessions.

Dish TV hits 52-week high on trimming losses in Q3

The stock up 4% at Rs 77.50 on BSE after reported net loss of Rs 2.87 in December quarter against loss of Rs 38 crore in year ago quarter.


Mega share sales: Will the markets correct?

Most big offers hitting the market saw the broader indices correct 2-4%

10 of 12 OFS stocks have underperformed the markets

Out of the 12 companies that raised funds via this route, six stocks are trading up to 46% higher, while four stocks have recorded negative ...

ONGC arrests decline in crude oil production: Chairman

Company over the past decade has seen its output dip by at least 2-3% annually


40 years ago...And now: Diversified Voltas' core saved it

From being a juggernaut in the Licence Raj, turning to ACs helped it survive

Adani Enterprises mega restructuring: Shareholders to get shares in power, port arms

AEL stock jumps to 40-month high on recast reports; Board meets tomorrow

Adani Enterprises hits 40-month high

The stock up 4.5% at Rs 582, hit a high of Rs 596, also its highest level since September 22, 2011 on BSE.


Beyond Business Rss icon

Majnu ka Tilla: Flashes of a Forbidden Kingdom

The narrow lanes of Majnu ka Tilla in north Delh hide many Tibetan marvels, from authentic food to vignettes of their lives

An unscripted performance explores the power of listening

Two Women Talking, an unscripted performance in the form of a conversation between two women, is a cathartic experience

Commodities

Commodity
Price(Rs)
Change
(%)

27545.00
-214
-0.77

2738.00
-34
-1.23

37659.00
-1813
-4.59

336.10
-1.65
-0.49

167.70
-6
-3.45

FEATURES

In Depth Rss icon

Reforming FCI or cutting back food security?

Shanta Kumar Committee on restructuring FCI has suggested the reach of the National Food Security Act be curtailed to 40% of the population

Airlines get a chance to revive flagging fortunes

Dramatic drop in ATF prices could help airlines shore up their earnings - provided they don't spoil it with a fare war

Real Estate

How the ready reckoner affects property prices

Besides making property more expensive, the rates also affect existing owners with higher taxes

Brand World Rss icon

Voltas’ Crystal ACs keep Congressmen cool (Morarji Desai on the extreme left, with the ACs in the background)

Diversified Voltas' core saved it

From being a juggernaut in the Licence Raj, turning to ACs helped it survive

Kunal Jeswani, O&M’s CEO

Digital crowned again

If earlier digital advertising could be mistaken for an afterthought, increasing senior appointments suggest it is not so anymore

Business Education Rss icon

BITS Hyderabad opens its doors for overseas students

To start with, at its Hyderabad campus, it would take 50 foreign students for its more than a dozen undergraduate programmes from next year