MARKETS »

Nifty opens below 8,900 ahead of F&O expiry; CIL falls 4%


The 30-share Sensex was down 160 points at 29,398 and the 50-share Nifty was down 46 points at 8,867

CLEARER SKIES »

Airlines get a chance to revive flagging fortunes


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

COMPANIES »

Nokia's tax liability reduced by 62%


Tamil Nadu tax authorities now want company to pay Rs 912 crore, against Rs 2,400 crore earlier but impose a Rs 624-crore penalty

AROUND THE WORLD »

Fed upbeat on US economy, cites strong job gains


Statement signals the central bank remains on track to raise interest rates this year

ECONOMY »

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

FINANCE »

SBI's lending capacity to rise sharply by March 2016


The bank is set to hold a shareholders' meeting to secure an approval for its equity-raising plans next month

CURRENT AFFAIRS »

Sujatha Singh dismissed, Jaishankar new foreign secretary


Singh's exit comes six months before her two-year term was to end

BS Poll

Who is the more powerful orator?

Barack Obama  
Narendra Modi  

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Derivatives

Opinion Rss icon

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

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.

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.

Mega share sales: Will the markets correct?

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


Emami: Margin gains, other income boosts earnings

Healthy growth across key segments in December quarter

Emami posts strong performance, net up by 22%

Company attributes spike to new launches. Net sales for the company stood at Rs 692.26 crore a growth of 18.4% YoY

Redington expects to continue benefiting from Apple distribution

The share prices plunged in the morning, recovering a little bit after company's clarification on exchanges


Mega share sales: Will the markets correct?

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

HDFC Bank can now raise Rs 10,000 cr via share sale to foreign investors

The approval comes at a time when some large banks are exploring fund-raising opportunities

SBI's lending capacity to rise sharply by March 2016

The bank is set to hold a shareholders' meeting to secure an approval for its equity-raising plans next month


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


Ranbaxy reports over Rs 1,000 cr quarterly loss

Posts its biggest quarterly loss; allocation for MAT jumps 8 times during the period

Ranbaxy disappoints the Street, again

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

AP likely to allot 500 acres to Divi's Lab for greenfield project

The company has identified land near Kakinada to set up its plant for making active pharmaceutical ingredients and drug intermediates


Suzuki's Gujarat plant to export 10% of output

Suzuki Group's first plant came up in Gurgaon in Dec 1983 with initial capacity of 40,000 units

After taking over last year, Ford global CEO Mark Fields to make first India visit in March

Ford Figo sedan launch likely around July, Figo hatch next

Tata Motors shares fall 3%; Rs 4,365 cr of m-cap erased

The stock of Tata Motors, India's biggest auto maker, fell today by 2.64 per cent on the Bombay Stock Exchange to Rs 589.15 reacting to the ...


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

Airlines get a chance to revive flagging fortunes

The dramatic drop in jet fuel prices could help airlines shore up their earnings - provided they don't spoil it with a fare war like the one ...


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

Havells Q3 net down 4% at Rs 116.21 crore

Net sales of the company rose to Rs 1,236.22 crore for the third quarter


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


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.

Mega share sales: Will the markets correct?

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

10% stake sale in Coal India to raise Rs 24,000 cr

The govt will sell 315.8 mn shares, or 5% stake, through an offer for sale, with an option to sell the same number of shares as a greenshoe ...


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?

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

Bharat Petroleum to raise $2 bn for capex

Also plans to invest Rs 13,000 crore in hydrocarbon exploration and production in Mozambique and Brazil over the next four years

Today's picks- 28 January 2015

Nifty, Bank Nifty, Airtel, HDFC & ONGC


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
(%)

27798.00
-104
-0.37

2778.00
-64
-2.25

39481.00
-49
-0.12

337.35
+1.35
+0.4

176.40
-6.4
-3.5

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