MARKETS »

Markets have an upbeat closing


The markets snapped their three-day losing streak due to buying in index heavyweights and a rebound in IT stocks

CURRENT AFFAIRS »

Minimum CAT percentile for ST candidates at IIM-A stands at 38.34%


The minimum percentile has fallen from 83% for 2010-12 batch to the current numbers

ECONOMY »

CAG can audit accounts of telecom firms: SC


CAG needs to examine whether the companies are giving proper share of their revenue to the govt, says the apex court

COMPANIES »

SpiceJet's turnaround faces a $200 mn question


The need for infusion comes at a time when it is expected to post losses of around Rs 1,000 cr for FY14

AROUND THE GLOBE »

US jobless claims rise less than expected


Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12

PERSONAL FINANCE »

Avoid gold investment schemes


Go for ETFs instead, if you want to accumulate the precious metal

FINANCE »

Rupee snaps three-day fall; share gains help


It closed at 60.29/30 per dollar compared with 60.37/38 on Wednesday

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Derivatives

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Columnists

Irrational expectations
Nitin Desai

Reviving growth may take longer than investors - domestic and foreign - expect

In defence of Manmohan
Singh

Rahul Jacob

The compulsions of politics have weakened the resolve of many prime ministers. Dr Singh is no exception

Media & the arm's length
rule

Barun Roy

Why a commercial tidal wave is threatening to swamp the news in the fast-changing Indian media scene

The Third World's
drinking problem

Asit K Biswas & Peter Brabeck-Letmathe

International organisations recognise the impending shortage of potable water but their approach is entirely wrong

BLOGS


Where is Mrs Modi, Mr Modi?
Jyoti Mukul

It is not important to have a regular guy for a PM, but, it is important to know the psyche of a person

United bow out
Nitin Sreedhar

The defending champions of England lose out to the defending champions of Europe

Editorial Comment

Monetary sovereignty

Lessons from Ben Bernanke's exchange with Raghuram Rajan

Toffee and land

Mr Gandhi shouldn't confuse cronyism and pro-business policies

Financial X-ray

Inflation unlikely to moderate significantly in 2014-15

RBI might retain rates at current levels, upside risks to inflation rise

Infosys' struggle with growth continues

Revenue growth to continue to face challenges due to weak repeat business and new deal wins

BOOK REVIEWS

JFK's burnished legacy

Martin W Sandler has carefully skirted the many titillating stories about Kennedy's amorous liaisons and adulterous escapades

Bihar's lone ranger

Sankarshan Thakur, the author of Single Man, has brilliantly chronicled the Nitish Kumar era with well-known and not-so-well-known

Robert Cole & Una Galani

Risky whisky
Robert Cole & Una Galani


Diageo throws money at Indian empire-building

John Foley

Development pains
John Foley


China's 7.4% growth just enough to save face

CompaniesRss icon

Radico Khaitan extends fall, hits 7-month low

In past five trading sessions, the stock has declined 20% as compared to 1.5% decline in benchmark CNX Nifty.

Diageo to spend Rs 11,448 cr for another 26% in USL

At Rs 3,030 a share, offers 20% premium to average 60-day stock price

Good time for short-term investors to exit USL

Diageo's open offer is at an attractive valuation & factors in most of the near-term earnings upsides; however, those in for the long term ...


FII stake in ICICI Bank hits 6-year high

FIIs increased their stake in ICICI Bank to 39.85% in the March 2014 quarter from 38.39% in the quarter ended December 2013.

Bank of Maharashtra gains on hiking interest rates

Ups base rate by 15 bps to 10.40 percent effective April 21.

HDFC Bank slips as MSCI trims weight

The stock has underperformed the market by falling nearly 5% in the past five trading sessions compared to 0.86% fall in benchmark CNX Nifty.


Bharti Airtel CTO Jagbir Singh quits, Abhay Savargaonkar to take over

Company's regulatory and legal head Jyoti Pawar had also quit the company last month

KKR, Blackstone eye stake in Idea

Private equity giants bidding for a total of 8% in India's third-largest telecom operator by subscriber base

RCom raises call rates up to 20%

This is for pre-paid customers, who account for a major chunk of the company's 117 million subscribers


No exit clauses in Indian marriages, says Piramal on Shriram deal

The partnership seeks to create a financial services powerhouse, which will not only be present in India but also overseas

GlaxoSmithKline Pharma Q1 net dips 43%

Company had registered a net profit of Rs 169.01 crore during the same period last year

Piramal to buy 20% in Shriram Capital for Rs 2,000 crore

The Shriram stake purchase will add muscle to Piramal's financial services businesses


PGCIL gets Stage-I forest nod for transmission line

The forest land is to be diverted in Angul, Athmallik, Rairakhol and Sambalpur to make way for PGCIL's transmission line

Commissioning of NTPC's Koldam project may get delayed

The delay may amount to a loss of Rs 150 crore to Himachal Pradesh govt

Tata Power plans to add 646.7 MW from clean energy sources

Company plans to increase its renewable energy capacity by about 71%


SpiceJet's turnaround faces a $200 mn question

The need for infusion comes at a time when it is expected to post losses of around Rs 1,000 cr for FY14

SpiceJet sale in western markets

Discounts offered to flyers from Maharashtra, Goa and Gujarat

SpiceJet introduces consolidated fare

SpiceJet will now display combined fee indicating base fare, fuel surcharge, separate heads for taxes and fees payable to govt


Hopes rise for Crompton Greaves amid stake-sale rumours

Rise in the stock price to a media report some time back that Gautam Thapar who owns a 42.51% stake, was looking for buyers for his flagship ...

Today's picks

Nifty, Bank Nifty, BHEL & Infosys

Crompton Greaves hits 33-month high on report of Hitachi eyeing stake

Since March 14, 2014, the stock has rallied 33% from Rs 142 compared to 3.3% rise in benchmark S&P BSE Sensex.


Odisha seeks MoEF nod for Nalco's slurry pipeline

Wants to lay a slurry pipeline from its CPP at Angul to Bharatpur South coal block of MCL

Future Retail extends rally on talk of acquiring Nilgiris

The stock has rallied nearly 30% in past two trading sessions on back of heavy volumes.

Clariant Chemicals hits 52-week high on selling Thane land for Rs 1,154 crore

The company has entered into an agreement to sell its land located in Kolshet, Thane aggregating to about 87 acres to Ishwer Realty and ...


Coal India: Awaiting more triggers

Analysts expect the company to hike coal prices in June quarter offsetting cost increases and supporting profitability

JSW Steel takes a brief pause

Though the company's outlook remains strong, concern on steel prices and demand adds to near-term challenges

Today's picks

Nifty, Bank Nifty, Jindal Steel and Power, DLF & TCS


Jubilant FoodWorks gain as RBI allows hike in FII limit

The Reserve Bank of India said that foreign institutional investors would be able to purchase up to 55% of the paid-up capital in the company.

Clearance delays push RCF's project cost by Rs 500 cr

Sources added that only last year the project got pre-Public investment Board clearance and presently it is stuck at the PIB level

Deepak Fertilizers in expansion mode

Company is planning to set up a new facility at Paradip in Odisha


AAP writes to EC on Essar Oil matter

Alleges the UPA govt of violation of the model code of conduct by pushing cabinet notes to help Essar Oil

RIL denies it got favours from govt

Says CAG report on KG basin oil fields 'inquisitorial' and based on 'incomplete information'

Oil Min to move Cabinet note to allow RIL retain three gas discoveries

May seek EC approval before approaching CCEA


Gujarat-based stocks in focus

Adani Enterprises, Gujarat Gas, Adani Ports, Adani Power, Gujarat State Petronet, GMDC and Gujarat Pipavav are up 2-12% on the BSE.

MCX hits three month high

In the past one week, the stock has rallied nearly 17% from Rs 513 on April 7, 2014 compared to 0.63% rise in CNX Nifty.

BSE Mid, Small-Cap indices hit 15-month high

In the past one month, both the S&P BSE mid-cap and small-cap indices have outperformed the market by surging 10% and 13% respectively, as ...


Beyond Business Rss icon

The upside of failure: Success

Scott Adams, the creator of Dilbert, charts how to fail your way to success in a new book with entertaining anecdotes from his own life

Eclectic escapes

From the beaches of Thailand to the highlands of Peru, the authors list destinations you can visit to get away from the sweltering Indian summer

Commodities

Commodity
Price(Rs)
Change
(%)

28531.00
-58
-0.2

6302.00
+52
+0.83

42364.00
-52
-0.12

283.80
+9.4
+3.43

405.15
+0.45
+0.11

FEATURES

In Depth Rss icon

Retailers shift focus as winds change

As uncertainty grows over the country's investment policy, foreign retailers determined to stay on are happy to invest in wholesale trade

Gautam Thapar

Hopes rise for Crompton Greaves amid stake-sale rumours

Rise in stock price to media report some time back that Gautam Thapar who owns 42.51%, was looking for buyers for his flagship company

Real Estate Rss icon

Image1

Realtors woo customers through buy-back schemes

Experts say through buy-back schemes, developers, cash-crunched or otherwise, are able to raise funds at much cheaper costs

Brand World Rss icon

Khoday's once again raises the Black flag

After winning the battle against UB's Kalyani Black Label, it is now against Diageo's Johnnie Walker

Deals, internet and sales staff can sway the consumer

Nielsen has recently looked at seven facets of the Indian consumer

Business Education Rss icon

Ashish Nanda

IIM-A joins hands with Harvard, MIT and Berkeley for research

Institutes to address bottom of the pyramid issues; joint research to up IIM-A's world ranking

Heading

Power hungry? Not a chance


Toyota has chosen to shun diesel and go the green way with its new Camry. Fitted with a hybrid engine, the sedan is a great drive that doesn't ...

It's about xcellence

Hyundai's newly launched entry-level sedan, the Xcent, offers value for money and a bit of bragging rights