MARKETS »

Markets open tad higher; Oil shares gain


The 30-share Sensex is up 12 points at 26,642 and 50-share Nifty is up 2 points at 7,967.

Modi's US Visit »

Modi, Obama discuss trade; US extends defence pact by 10 years


The development follows India's decision to increase the FDI cap for the defence sector from 26% to 49 %

COMPANIES »

Indian Alibaba inevitable, says Mukesh Bansal


It could be as close as 5 years away and Flipkart-Myntra's working to get there, he says; mobile internet penetration's pace is one push factor

Around the world »

Apple to start selling new iPhones in China from October 17


Pre-orders will start October 10, and the phones will be available at all three state-run carriers, Apple said

ECONOMY & POLICY »

April-August fiscal deficit at 75% of full-year target


The government has pegged the fiscal deficit at 4.1 per cent of GDP in the current financial year

RBI POLICY »

Banks might soon trim fixed deposit rates


Slow credit off-take to put pressure on margins

Indian Railways

CURRENT AFFAIRS »

7 killed, 45 injured in train collision near Gorakhpur


Krishak Express, travelling from Varanasi to Gorakhpur, hit Barauni Express, going from Lucknow to Barauni

BS Poll

Opinion is divided about Rajdeep Sardesai's spat with NRIs at Madison Square. Do you think he is:

The victim?  
The oppressor?  
Can't say  

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Derivatives

Opinion Rss icon

Columnists

Great cities and ghost
towns

Andrew Sheng & Xiao Geng

China's ghost towns and local-government debts are not harbingers of doom

A tale of two realities
A K Bhattacharya

In just about four months after taking charge as prime minister, Narendra Modi has completed his engagement with three major countries

Mary Kom and lessons in
tolerance

Vanita Kohli-Khandekar

Making films is a creative business and actors are trained to do stuff that is way beyond their ethnic or national identities

No, Shanghai can't
replace Hong Kong

William Pesek

If China continues to erode institutions that have made Hong Kong such a great place to do biz, MNCs aren't going to shift base to Shanghai

BLOGS


An Ode to a Venetian wedding
Katya Naidu

Not just his looks, but also his voice, charm, his celebration of bachelorhood that made George Clooney the ultimate King of Single Women

Scotch blast from the past
Nivedita Mookerji

Woody, fruity, flowery, smoky are what I remember the most from my trip seven years ago

EDITORIAL COMMENT

Focus on structural change

Reserve Bank of India takes regulatory steps forward

To cap, or not to cap

Government flip-flop on medicine prices

Financial X-ray

Bank stocks could gain if credit growth picks up

If FY15 growth is 12% instead of the market expectation of 15%, earnings could grow 5-6% more

Rising volumes, lower costs positive for Marico

Higher demand, falling input costs have led brokerages to raise their earnings estimates for the firm

BOOK REVIEWS

Thus spake Said ...

Edward Said on Palestine has been produced primarily to express solidarity with Palestinian people, especially hapless natives of Gaza Strip

The dismal science

In Seven Bad Ideas, Jeff Madrick argues that the professional failures since 2008 were rooted in decades of intellectual malfeasance

Robyn Mak & John Foley

Uncivil disobedience
Robyn Mak & John Foley


Hong Kong shreds hopes for orderly disorder

Reynolds Holding

Hank's chutzpah
Reynolds Holding


AIG owners' bailout suit has law and gall on side

CompaniesRss icon

RCom to cut debt to below Rs 20,000 cr: Anil Ambani

This will put RCom in direct competition with Mukesh Ambani's soon-to-be-launched 4G-based Reliance Jio and Sunil Mittal's Bharti Airtel

Maruti to recall 69,555 cars

Only for diesel variants of Dzire, Swift and Ritz models

40 Years Ago... And now: Tata Motors - The car dream that turned sour

At the annual shareholders' meeting of Tata Motors (then Tata Engineering and Locomotive Company, or Telco) in August 2001, Ratan Tata offered ...


Indian Alibaba inevitable, says Mukesh Bansal

It could be as close as 5 years away and Flipkart-Myntra's working to get there, he says; mobile internet penetration's pace is one push factor

Unilever's Harish Manwani to retire as COO this December

The 61-year-old company veteran, however, will continue as HUL's non-executive chairman

Wilful defaulter issue misplaced, says Mallya

The efforts by various lenders to term him a 'wilful defaulter' are "misplaced", UB group chairman Vijay Mallya said. Speaking to the ...


MFs buy on dips in September

Turn net-buyers in the second half of the month as market corrects

Today's picks- 30 September 2014

Nifty, Bank Nifty, HCL Tech & IDFC

Bank stocks could gain if credit growth picks up

If FY15 growth is 12% instead of the market expectation of 15%, earnings could grow 5-6% more


RCom to cut debt to below Rs 20,000 cr: Anil Ambani

This will put RCom in direct competition with Mukesh Ambani's soon-to-be-launched 4G-based Reliance Jio and Sunil Mittal's Bharti Airtel

Reliance Comm aims to bring debt under Rs 20,000 crore in two years

Says will participate in spectrum auctions next year

MTNL not to infuse any fresh equity into Nepalese venture

MTNL has also proposed to sell its stake in the venture that seems commercially unviable


Maruti to recall 69,555 cars

Only for diesel variants of Dzire, Swift and Ritz models

40 Years Ago... And now: Tata Motors - The car dream that turned sour

At the annual shareholders' meeting of Tata Motors (then Tata Engineering and Locomotive Company, or Telco) in August 2001, Ratan Tata offered ...

Scorpio's new sting

M&M's flagship's new platform gives it a better ride to match younger rivals


USL further rearranges financial house

Diageo-led spirits firm to repay fixed deposits worth Rs 450 crore by end-March

Travel stocks soar as PM eases visa rules

Cox Kings closes 11% higher at Rs 324 on BSE, Thomas Cook adds 5.7%, Mahindra Holidays rises 7.4%

Mahindra Holidays appoints new MD

Kavinder Singh joins company after spending 28 years in FMCG sector having worked in Asian Paints, ITC and Pidilite


Larsen and Toubro gains on Rs 1,423 crore new orders

The company has bagged a Rs 631 crore order from the Lucknow Metro Rail Corporation for the construction of the Lucknow Metro.

Capital goods firms see light at the end of the tunnel

CEOs say stuck projects coming back to life, though fresh investments still a year away

Suzlon Energy tanks 40% in seven days after listing of fresh shares

Suzlon Energy had issued 270 million equity shares at Rs 15.46 per share to FCCB holders under a restructuring arrangement.


Biyani dreams big in food business

With inauguration of Tumkur food park, he has ambitious plans in the segment

Mayur Uniquoters surges on DSP Blackrock Mutual Fund stake buy

DSP Blackrock MF bought 1.28 million shares representing 2.95% stake in Mayur Uniquoters at Rs 399.98 per share on Friday, September 26.

India Cements gets board approval to demerge CSK

The hive off would help the new sport subsidiary to expand operations


MFs buy on dips in September

Turn net-buyers in the second half of the month as market corrects

GMDC plans 50 MW wind power project for Rs 300 cr

Net generation from the project is expected to be 104.10 million units

JSW Steel cuts steel prices for October

Flat product prices cut by Rs 500-750 per tonne; long products cut by Rs 1,000 per tonne


Mint ends partnership with The Wall Street Journal

The Indian financial daily has been receiving content from WSJ for the last seven years

Inox Leisure rises ahead of board meet to merge arm

The stock gained ahead of the board meet to merge its wholly-owned subsidiary Satyam Cineplexes Ltd with itself

Zee Entertainment hits 14-year high on entry into Nifty

The stock hit high of Rs 317, its highest level since June 2000, on National Stock Exchange.


Today's picks- 25 September 2014

Nifty, Bank Nifty, Cairn, TCS & Tata Steel

Aban Offshore slips over 16% on profit taking

The stock has been on a downtrend for the past five trading sessions

Decision on gas price rise deferred till November 15

The delay sought by the govt could be due to the upcoming Assembly elections in Maharashtra and Haryana on October 15


Govt clears Wipro proposal to set up SEZ in Andhra Pradesh

Wipro Ltd has proposed to set up IT/ITES zone in Andhra Pradesh on an area of 1.22 hectares

Jignesh Shah exits MCX

FMC approves commodity bourse's contract-launch calendar for two years

Patel Logistics zooms 20% on pact with Amazon

Amazon has entered into an air cargo alliance with the company for domestic deliveries, report.


Beyond Business Rss icon

Water alert

If you live in Delhi, there is a one-in-three chance that the packaged water you buy could be spurious

Gone with the hurricane

At Rs 3.43 cr, the Lamborghini Huracán may be a dream for most, but for those who can afford it, the Italian supercar is a performer with ...

Commodities

Commodity
Price(Rs)
Change
(%)

27100.00
+187
+0.69

5669.00
-181
-3.09

38495.00
-859
-2.18

416.05
-3.85
-0.92

258.40
+2.4
+0.94

FEATURES

In Depth Rss icon

Despite climb to price parity, diesel still risky for retailers

For any price change, oil companies still have to seek government permission. Unless this system is dispensed with, their precarious situation ...

Google aims to fix its diversity problem

Over all, seven out of 10 people who work at Google are male

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

Scorpio's new sting

M&M's flagship's new platform gives it a better ride to match younger rivals

more to gain the most

Expected stake sale in Aditya Birla group's combined retail entity would sweeten the brand's valuation

Business Education Rss icon

India's first vocational university kicks off

With a first batch of 4,000 students TeamLease intends to take capacity to 10,000 in next three years