MARKETS »

Sensex ends above 28,000 on growth prospects


The Sensex surged 147 points to end at 28,093 highest and the Nifty climbed 40 points to end at 8,485.

COMPANIES »

Airbus to build military choppers in India with Mahindra


Looks to become first private manufacturer of helicopters in India

Greece Crisis »

New opinion poll shows 'Yes' vote slightly ahead in Greece


New poll pegs 'Yes' vote at 44.8% compared to 43.4% for the 'No' vote

ECONOMY AND POLICY »

Services PMI falls for the second straight month in June


Composite output contracts for the first time in 14 months to 49.2 points in June

CURRENT AFFAIRS »

ED attaches Zoom Developers' Rs 1,000-cr US land over loan fraud


According to sources, the company took a loan of Rs 2,200 crore for various projects in European countries

AROUND THE GLOBE »

BP reaches $18.7 billion settlement over deadly 2010 spill


Agreement adds to the $43.8 billion that BP had previously set aside for criminal and civil penalties and cleanup costs

FINANCE »

SBI, PNB lead Jan Suraksha enrolments to 104 mn


Banks including PNB had tied-up with LIC in life and public general insurers for accident cover

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

Will Greek crisis blow over after the referendum?

Yes  
No  
Can't Say  

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Derivatives

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Columnists

The yoga challenge
Abheek Barua

Asking difficult questions about International Yoga Day

Rahul Yadav's
'everyone-is-dumb-but-me'
mindset

Shyamal Majumdar

The just-sacked CEO could learn a thing or two from what Steve Jobs had said about his years of wilderness after getting fired from Apple

Rural ICE
Bibek Debroy

In the concluding part of the series, the author uses India's Consumer Economy data to demonstrate 'rural' is not a homogeneous entity

Surinder Kapur and the
Japanese way

Bhupesh Bhandari

Apart from manufacturing best practices like Kaizen and JIT, he did not ignore the softer aspects of the Japanese work culture

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

Vyapam scandal is just a symptom of all that ails the job market

Madhya Pradesh scandal should be treated as a wake-up call underlining the urgent need for job creation

People prefer to go for private education, healthcare

In education this is happening across rural and urban sectors, though the trend is more pronounced in urban areas

Financial X-ray

Bharti Airtel: Shedding tower assets, more in store

Tower deals a positive; stock could be re-rated if the firm leaves some smaller African markets

E-com IPOs: Infibeam sets the ball rolling

Measured growth and expansion could help the firm turn profitable this year

BOOK REVIEWS

The 'Gang of Four' that made America

The book still offers lay reader a compelling overview of walk-up to Constitutional Convention and its momentous impact for generations to come

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

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

TVS XL moped reaches one crore sales mark

One of the few brands with sales beyond one crore in the country since inception

Bajaj Finance hits lifetime high; surges 30% in one month

The stock touched a lifetime high of Rs 5,596 in intra-day trades, rallying by 30% in the past one month from Rs 4,317 on the BSE.


Rajesh Exports hits new high as board approves acquisition in Europe

In the past one month, the stock has rallied 73% compared to a 4.5% rise in the S&P BSE Sensex.

Videocon gets shareholder nod to raise Rs 5,000 cr

Could raise funds through GDR, FCCBs

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate


Bajaj Finance hits lifetime high; surges 30% in one month

The stock touched a lifetime high of Rs 5,596 in intra-day trades, rallying by 30% in the past one month from Rs 4,317 on the BSE.

Mobile banking may overtake internet transactions by next year: HDFC Bank

Launches mobile banking app for Apple Watch

Markets have a tepid morning; Nifty hovers at 8,450

The IT and banking stocks are subdued this morning, while the auto and metal pack is seeing some buying interest.


MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers

Airtel sells towers in 5 African countries for $1.3 bn

Airtel is in the process of divesting 15,000 towers to different companies in 13 countries in Africa


Infosys to invest $10 million in Irish start-ups

Bags long-term outsourcing deal from Allied Irish Banks

Ramco Systems surges on signing pact with Australian firm

In the past three trading sessions, the stock has rallied 27% compared to a 1.3% rise in the S&P BSE Sensex.

Vakrangee surges on FIIs buying

Janus Overseas Fund had bought 1.52% stake in Vakrangee during the April-June quarter.


Bliss GVS Pharma zooms 20% on bagging $35 million contract

Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.

Lupin gains on acquisition of Russian drug firm Biocom

The stock was up 2% at Rs 1,915 on the BSE.

No decision on plant closures but will optimise network: Sun Pharma

Sun Pharmaceutical Industries, which recently completed a $3.2-billion acquisition of Ranbaxy Laboratories, is considering rationalising its ...


Infrastructure plays: Getting market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering, KEC, Kalpataru, Techno Electric and Alstom T&D steal the limelight

LIC Housing Finance puts Orbit's project on block

It has kept a reserve price of Rs 125 cr

Firms gear up for bigger role in transmission

With the role of state-owned Power Grid being diluted, private players see big opportunity in the sector


ABB India to raise Rs 600 cr through NCDs

It said the issuance would be subject to approval of the shareholders by way of a special resolution through postal ballot

L&T wins Rs 1,885 cr worth contracts in June

On the domestic front, construction and procurement order was received from Odisha Power Transmission Corporation

BEML hits fresh 52-week high; zooms over 60% in 2015

Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.


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?


Today's picks- 2 July 2015

Nifty, Bank Nifty, Vedanta, Tata Motors & Bharti Airtel

Gopal Singh named as new CMD of NMDC Limited

Singh has been the CMD of Central Coalfields Limited since March 2012. Born in 1961, Singh graduated from the Indian School of Mines, Dhanbad, ...

Coal India Q1 output up 12% at 121.33 mn tonne

The miner has met 99% of its production target of 123.04 mn tonne in first quarter of current fiscal


HPCL to raise Rs 1,260 cr for capex

Fitch Ratings said it assumed an average annual capex of Rs 8,000 cr for HPCL over the next two financial years

OMCs hit multi-year highs

Since Jan, scrips have rallied 25-43%, with encouragement from reforms in sector since mid-2013 and optimism on earnings prospects

BPCL, HPCL, Indian Oil hit 52-week highs on growth prospects

IOC has rallied nearly 6% to Rs 413. HPCL and BPCL have surged 4% and 2%, respectively on the BSE in intra-day trade


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
(%)

26288.00
+93
+0.36

3599.00
-42
-1.15

36020.00
+147
+0.41

373.55
+1.2
+0.32

181.60
+0.4
+0.22

FEATURES

In Depth Rss icon

I love Housing.com but am not sentimental about it: Rahul Yadav

Rahul Yadav, the recently-ousted CEO of Housing.com, says he is too logical to be sentimental about the venture he co-founded three years ago

Has Greenpeace jolted the tea industry?

The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides

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

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate