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

COMPANIES »

HDFC Q3 net up 11.5% at Rs 1,425 crore


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

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 »

5 things to know about the new foreign secretary


S Jaishankar comes from a well-known family; his father, K Subrahmanyam, was a noted strategic affairs analyst

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 »

15 years of insurance industry after privatisation: The tech edge


While the industry saw a rise and then subsequent flat rate of growth in insurance penetration, the overall coverage levels are still low

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 Budget - back to
basics

Abheek Barua

Getting the balance between fiscal restraint and growth-contracting policy remains a problem

No more 'vegetarian'
airlines please

Anjuli Bhargava

If govt wants safe & healthy aviation sector, it should keep in mind the 3 Cs - credentials, capital & capability - before it clears the runway

The rural beti as
businesswoman

Kanika Datta

Indian women can only progress as far as social system permits them and plugging into global supply chains is a good way to start

Japan's hope may be its
hinterlands

William Pesek

Japan Inc has changed too much for traditional monetary and fiscal incentives to work on their own

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

The value of consistency

RBI must adhere to a course once selected

No deal on climate

India, US cooperate on climate, but no agreement

Financial X-ray

Ranbaxy disappoints the Street, again

Lower exclusivity revenues affect US performance; adverse currency movement hits Russia revenue

Emami: Margin gains, other income boosts earnings

Healthy growth across key segments in December quarter

BOOK REVIEWS

Demolishing an idea of India

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

A cold, hard look at the metaphor for death

For cancer to develop, the p53 gene has to malfunction or its activity has to be suppressed. Till 1989, gene was supposed to be cause of disease

Richard Beales

Spinning the story
Richard Beales


Yahoo!'s Alibaba spin-off gives Mayer one more year

Robert Cyran

A for Apple
Robert Cyran


Apple shines as Cook dishes up Chinese feast

CompaniesRss icon

Karur Vysya Bank reports 7 % growth in net profit

Bank's total income rose 8% to Rs 1,512 crore

HDFC Q3 net up 11.5% at Rs 1,425 crore on higher loan growth

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

Oriental Bank Q3 net plunges 91% as provisions jump

Provisions jump 58% to Rs 885 crore from Rs 561 crore a year earlier


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

Today's picks- 28 January 2015

Nifty, Bank Nifty, Airtel, HDFC & ONGC

Idea net jumps 64% to Rs 767 cr in Q3

Subscriber addition of 22 mn in 2014 the highest in segment; plans to keep debt ratio under control despite key spectrum auction


Dr Reddy's Q3 net down 7% at Rs 575 crore

Total income rises over 9%, operating margin at 18.8%

Lupin gains on CCEA nod to hike in FII limit

The CCEA approved hike in FII investment limit in the company to 49% from 33%

Torrent Pharma weakens after Q3 net drops 10%

Standalone net profit for the quarter ended December 2014 dipped nearly 10% to Rs 103 crore compared to Rs 114 crore in the same quarter last ...


Adani Power gains as Q3 net loss narrows to Rs 429 crore

Adani Power has gained over 2.5% at Rs 51 after the company saw its consolidated net loss narrowing to Rs 429 crore

Jaiprakash Power likely to default on $200 mn convertible bonds

But says it should be able to pay its dues by 31 March, 2016

Bengaluru tops office space absorption in 2014

Takes up 14 mn sq ft of property, rentals in business districts soar 28%


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

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 ...

SpiceJet back with discount sale, IndiGo too lowers fares

The airline is offering five lakh discounted seats in a three day sale beginning with tickets priced from Rs 1499 onwards


Pitti Laminations soars 20% on robust Q3 results; stock split plan

The board has approved the sub-division of nominal value of equity share from face value of Rs 10 to face value of Rs 5.

Alstom T&D slumps on weak Q3 earnings

Net profit for the quarter ended December 2014 slumped 86% to Rs 2.6 crore compared with Rs 19 crore in the same quarter last fiscal.

HAL board to be recast by April 1

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


IPAMA seeks 10% hike in anti-dumping duty on Chinese machinery

Says that the Union government is facing losses because of import of low-quality machines from China

GHCL surges on strong Q3 results

The stock rallied 10% to Rs 83 after reporting 55% year on year growth in net profit at Rs 42 crore in December quarter.

Max India to be split into 3 units

Will bring structural clarity, says promoter Analjit Singh; new entities to be listed to unlock value


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 ...

Retail investors' guide to the Coal India mega share sale

Govt is to divest up to 10% stake in Coal India tomorrow

Coal India dips on government stake sale plan

The government has decided to sell up to 10% stake in Coal India will announce the floor price today after the close of market hours.


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.


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 ...

BPCL surges 2% on fund raising plans

The company plans to raise $2 billion through medium-term notes to finance its capex initiatives

Mega share sales: Will the markets correct?

In most past instances when big offers hit the market, broader indices corrected 2-4%


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.

Snowman Logistics' Q3 net up 156%

Net sales rise by 6% to Rs 51 cr and EBIDTA by 15% to Rs 11 cr

Adani Ports Q3 net up 14% at Rs 512 cr

Consolidated total income increased by 38% to Rs 1,701 crore in Q3 FY15


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
(%)

27740.00
-19
-0.07

2772.00
0
0

38848.00
-624
-1.58

335.20
-2.55
-0.75

181.20
+7.5
+4.32

FEATURES

In Depth Rss icon

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

With a taste for buyouts, Zomato takes on the world

WIth six acquisitions in the past six months, the online restaurant search service has expanded its presence to 22 countries

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

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

SureWaves: Getting local

The Bengaluru-based firm ties up with Hansa Research for a real-time audit of ad spends on its 450 local cable channels

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