Xi Jinping's India trip »

Xi Jinping arrives today with some goodies


Investment announcement for $100 bn over 5 years likely

COMPANIES »

GMR Infra to raise Rs 1,500 cr through rights issue


Promoters raise Rs 1k-cr debt to fund their equity infusion into GMR Infrastructure

ECONOMY »

After 12 years, OMC losses end on diesel retail sale


Oil firms see small profit of 35 paise a litre from Tuesday

MARKETS »

Markets blink before Fed trigger


Sensex falls 324 points, worst since Aug 1; stocks slump across the spectrum

Around the world »

China maritime Silk Road a boon for Lanka as Xi arrives


The Chinese-financed $1.4-bn "Colombo Port City" project is its largest foreign-funded investment on record

CURRENT AFFAIRS »

Student engineers to also help Modi build smart cities


IIT-Bombay invites ideas from students and professionals

FINANCE »

SBI cuts medium-term deposit rate by 25 bps


Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

BS Poll

Do the bypoll results in UP and Rajasthan suggest that the Modi wave is on the decline?

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Derivatives

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Columnists

Neighbourly lessons
Andy Mukherjee

Xi Jinping can tell Narendra Modi how to prepare a country for a flood of foreign investment

Time to worry about
capex

A K Bhattacharya

The obvious fear was that the healthy growth projected in tax and other revenue collections was an overestimation

What India watches on TV
Vanita Kohli-Khandekar

BARC seems to have learned lessons from the Indian Readership Survey experience but can its proposed TV rating system avoid the same fate?

The price of silence
Sreenivasan Jain

Zafar Sareshwala believes if the Bharatiya Janata Party goes back to regressive and polarising issues, people could abandon the party in droves

BLOGS


Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

EDITORIAL COMMENT

Sustainable relief?

RBI's reading of inflation numbers a significant pointer

Politics as usual

Read by-election results with caution

Financial X-ray

Cognizant's acquisition to put pressure on cash-rich IT firms

Buying cloud technologies imperative, as these are expected to account for 20% of incremental revenues of top 5 IT firms

Mining glitches for Hindalco

Lack of clarity on coal blocks & bauxite mining bans add to uncertainties

BOOK REVIEWS

Making reforms work for the poor

Mr V Kumaraswamy’s subtle suggestions for economic reforms tailored to the country’s social environment are both practical and progressive

Global warning

Political Order and Political Decay, taking the reader on a whirlwind tour of modern development from French Revolution to the present

Peter Thal Larsen

Open wider
Peter Thal Larsen


Alibaba's small IPO hike leaves room for believers

Richard Beales

Extreme topiary
Richard Beales


Hedge fund-free - the latest Californian fad?

CompaniesRss icon

SBI cuts medium-term deposit rate by 25 bps

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

GMR Infra to raise Rs 1,500 cr through rights issue

Promoters raise Rs 1k-cr debt to fund their equity infusion into GMR Infrastructure

Premiums, fuel price squeeze diesel car sales

Narrowing gap between petrol and diesel prices and the 20-25% premium charged over petrol variants are making diesel car models unviable


SBI cuts medium-term deposit rate by 25 bps

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

Jan Dhan Yojana offers opportunity for banks: Kotak

Says there is a need for a re-think on the process in which subsidies are currently offered to consumers

Canara Bank's Rs 3,500-crore QIP issue

The bank awaits govt nod for the same and expects to mop up the money by November


DoT moves SC against TDSAT verdict on 3G roaming

The tribunal had overturned a govt ban on offering 3G mobile services beyond their licensed zones through roaming pacts

BSNL to offer free calls for a week in Kashmir

Except Poonch, mobile services are either substantially or partially restored in all parts of the valley

Bharti Airtel launches 3G network in African nation Tchad

Tchad with this launch has become the 16th 3G market of the company in Africa


Persistent Systems rises on plans to invest in Altizon

Persistent Systems plans to invest US$100,000 in equity shares of Altizon in one or more tranches

Mastek zooms 25% in two days on demerger plan

The company on Monday announced the demerger of its insurance products and services business into a new company called Majesco.

Mastek's demerging entities to acquire companies in UK, US

Company board okays demerger of insurance products, solutions businesses


Lupin, Merck Serono join hands to tap emerging markets

Lupin will develop products, provide product dossiers and supply finished products to Merck Serono

Aurobindo gets USFDA approval for anti-infection drug

The ANDA was approved out of unit 12, semi-synthetic Penicillin facility in Hyderabad

Pharma major AstraZeneca launches IT facility in Chennai

The company is planning to bring down the IT spend on outsourcing from 70% to 30% in three years


Premiums, fuel price squeeze diesel car sales

Narrowing gap between petrol and diesel prices and the 20-25% premium charged over petrol variants are making diesel car models unviable

M&M in talks to buy Peugeot's scooter business: Report

The deal will provide M&M Peugeot's ready technology, as well as reach in western markets

Bosch workers in Bangalore on strike

While the company has offered a hike of Rs 17,000 per head per month, the workmen are demanding around Rs 20,000 hike per month


NCC's Rs 600 cr rights issue to open on Sep 29

ICICI Securities and SBI Capital Markets are lead managers to the issue

Cash-strapped discoms, lack of political will impede 24x7 power supply plan

The Centre's FRP required the states to meet the criteria of considerable rate hike and measures to cut losses on their account books

Despite bumpy ride in India, Tata Power finds success abroad

Company developing 2,600 Mw abroad when 8,000 Mw projects in India are not progressing


Competition heats up on Mumbai-Dubai route as Jet, flydubai to add flights

Emirates says competition is healthy, sees no impact on its business

Jet Airways ties up with Apollo Hospitals to train ground staff

The airlines is planning to conduct the programme across the country for all its 3,000 ground staff

Cox and Kings hits new high on fund raising plans

The stock was up 6% to Rs 333, extending its previous day's 5% rally on National Stock Exchange.


Future Retail gains as MSA (Singapore) acquires stake

MSA (Singapore) acquired over 26 lakh shares of Future Retail at Rs 120.18/share

Market rally rejigs cement, pharma pecking order

Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs

Retailers seek higher foreign funding cap

Say capital crunch will ease if foreign portfolio investors are allowed to invest more


Hindalco deferring share sale makes sense: Analysts

Jharkhand mines' issue should be resolved within 3-4 months at the most, says govt

Mining glitches for Hindalco

Lack of clarity on coal blocks & bauxite mining bans add to uncertainties

Mid- and small-cap stocks tank on profit booking

Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals and Marksans Pharma from small-cap index plunged more than 10% each.


Many rerating cues for UPL

Product launches, presence in high-growth markets and lower debt should help it improve revenue, earnings growth

Skincare makes a splash with satchets

While Zydus launched facewash in a satchet for the first time, Fair & Lovely relaunched its pack to revive sales

Competition watchdog clears Zuari's open offer for MCF

Zuari entities' Rs 211-cr offer for 26% stake in MCFL is supported by the existing promoters and would be "a competing open offer" to Deepak ...


IOC cuts refinery output as rains hit fuel demand

A late revival of monsoon rains has alleviated power shortages thanks to improved hydroelectric supply, thus reducing demand to run generators

ONGC Videsh signs LOI with PetroVietnam for joint exploration

PetroVietnam, in turn, could participate in a few of the exploration blocks of ONGC Videsh on mutually agreeable terms

ONGC dips 9% in one week after government announces divestment plan

Coal India and NHPC too declined 7% each since the divestment plan announced.


CARE hits record high on special dividend of Rs 65 per share

The aforesaid special dividend will be paid to the shareholders on or before October 14, 2014

MCX gains as CCI clears Kotak's 15% stake buy

Meanwhile, the Sebi on Monday renewed MCX-SX license for a tenure of one year with caveats.

Fund-raising via QIPs nears record high

So far this year, 20 firms have raised Rs 28,078 cr through this route, the highest since 2009


Beyond Business Rss icon

Bling it on

Four style gurus have decided to expand their repertoire and conquer another bastion of design - jewellery

Battles of the mind

Bobby Fischer's face-off with Boris Spassky wasn't just about chess. Pawn Sacrifice tries to capture the turmoil in the American grandmaster's ...

Commodities

Commodity
Price(Rs)
Change
(%)

26966.00
-33
-0.12

5800.00
+133
+2.35

41497.00
+97
+0.23

243.70
+3.5
+1.46

430.45
+8.15
+1.93

FEATURES

In Depth Rss icon

To stay afloat, magazines embrace a digital future

Time out becomes the latest in a long list of city-centric magazines that are trying to find a niche online as the print space shrivels

For car makers, it's not a full turnaround yet

Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear

Real Estate

How about investing in smaller cities?

There are good reasons, such as lower costs and better quality of life, for companies and individuals moving to places beyond the metros

Brand World Rss icon

Skincare makes a splash with satchets

While Zydus launched facewash in a satchet for the first time, Fair & Lovely relaunched its pack to revive sales

Google's roadblock for Android One on Zee

The Internet mogul, which unveiled its operating system version for lower-end phones on Monday

Business Education Rss icon

Companies move away from campus, get closer to students

Companies are moving closer to students to gauge their personal interests, abilities before hiring them