MARKETS »

Markets sustain six-week rally, longest since early 2012


The Sensex lost 22 points to close at 27,090 and the Nifty gained 7 points to end at 8,121

Xi Jinping's India trip »

India, China to resolve border issue based on 2005 guiding principles


Joint statement calls for 'improved military ties'

CURRENT AFFAIRS »

SC bars CBI from going ahead with final chargesheet in coal scam


Ranjit Sinha who is heading the probe agnecy facing charges of tampering with investigation into 2G spectrum and coalgate cases

Around the world »

Alibaba expected to open at $80-$83 in trading debut


That's a 20% jump from its $68 initial public offering price

COMPANIES »

Govt caps prices of 36 more drugs


Ranbaxy, Cipla, Cadila Healthcare among companies that will be affected

ECONOMY »

Aadhaar-subsidy push: Govt for 80% linkage soon in five schemes


PlanCom meets this month to hasten implementation; initial focus on target coverage might cover 300 districts

FINANCE »

UCO Bank may send wilful defaulter notice to Kingfisher Airlines


United Bank of India has already declared Kingfisher a wilful defaulter

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Derivatives

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Columnists

Let the rupee drift
downward

Jaimini Bhagwati

The external sector remains vulnerable, and India cannot afford an overvalued rupee

Lessons from the Ebola
crisis

Devangshu Datta

The recent outbreak has prompted a rethink on drug-use ethics

An old index, but new
insights

Rishi Shah & Abheek Barua

In obsessing over interest rates in our often copious discussions on monetary policy, we miss the other variables that monetary policy impacts

God reads my columns
Jamal Mecklai

Volatility in currency markets has finally come to life, courtesy chuppa rustam dollar, which, at long last, appears to be stepping out

BLOGS


The plight of the ordinary Kashmiri
Kavita Chowdhury

Besides the floods, Kashmiris also had to fight the indifference of authorities

Charge of the God brigade
Joydeep Ghosh

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

EDITORIAL COMMENT

Back to tax confusion?

Once again, tax demands on foreign investors cause worry

A new order

A ray of hope for Indian generic drug makers

Financial X-ray

Crude oil likely to sustain below $100/bbl

Oil subsidies to fall 44% in FY15

Apollo Hospitals eyeing higher margins

While HMS acquisition will add to company's pharmacy business, hospital segment will drive profits

BOOK REVIEWS

Kyunkii writer bhi kabhi fan tha

The Kingdom of the Soap Queen does not give you a sense of who the queen really is, her personality, how she thinks

Muslim angst in the modern world

Taj Hashmi has made a valiant attempt to explain Muslims’ estrangement from West and rise of radical Islam to a bewildered and angry audience

No Yukos
Pierre Briançon


Oligarch arrest shows Russia back to siege economy

Katrina Hamlin

Add me to your network
Katrina Hamlin


LinkedIn can woo the censors to connect with China

CompaniesRss icon

Nepal clears GMR's plan for Rs 8,500-cr hydro-power plant

GMR plans to construct a 900-megawatt plant; no clarity on the how the equity funding will be structured

BPCL to book capacity in LNG terminals

The apacity BPCL plans to book could be anywhere between 1-3 mn tonnes annually

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


UCO Bank examines ways to declare Kingfisher Airlines wilful defaulter

The state-run bank has an exposure of about Rs 300 crore to the airline

Customers of some PSBs may not have to pay to use ATMs

Banks also believe charging for ATM transactions might deter card usage

State Bank of India tops mobile banking chart

The bank has over 1.15 crore registered mobile banking customers


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

GSM players add 55.4 lakh users in August: COAI

Idea Cellular added the maximum number of users in August with 17.2 lakh subscribers

Airtel may have to pay Rs 436 cr for merging Qualcomm 4G arm

The company is moving from its present permit to new licence for which it has to pay differential spectrum cost and migration fee


CLSA upgrades Infosys; says it's well positioned to benefit from rising demand

Narayana Murthy's decision to curtail the declining profitability of Infosys is expected to start showing results

Infosys inks largest office lease deal in Poland

The company has signed a contract with commercial real estate developer Skanska Property

Tech Mahindra on track to touch $5-bn revenue by FY17

Executive Vice Chairman Vineet Nayyar says acquisitions were always static and strategic in nature and were not aimed at getting more revenues


Bosch: Strike enters 4th day, union seeks govt intervention

The workers are on an indefinite strike since Tuesday seeking resolution for their charter of demands including wage issues, medical benefits

The humble moped is on an upswing

TVS sells more of these in a month than either its own scooters or motorcycles or of competitors' entry-level bikes

Amara Raja wants to pay promoter entity upfront for 99-yr lease

Proxy firm says deal one-sided; recommends that shareholders vote against it


Aptel rejects Tata Power's appeal against April 2013 compensatory tariff order

Refuses to condone delay in filing of appeal after over a year

BL Kashyap rallies over 100% post HDFC Mutual Fund stake buy

The stock is currently trading at its highest level since August 2011, appreciated by 107% to Rs 18.67 from Rs 9.

Realty shares rally; CNX Realty index surges over 4%

Unitech, HDIL, Indiabulls Real Estate, Oberoi Realty, DLF, DB Realty and Anant Raj Ind are up 4-11% on NSE.


Archies zooms after private firm buys 2 lakh shares

Torero Capital Private Ltd acquired 200,000 shares of Archies at an average price of Rs 30.20 per share on NSE

Jet expands foreign base, adds new Gulf routes

The airline reported a record loss of Rs 4,129 cr in 2013-14 and the expansion is part of its revival strategy

SpiceJet flies fuller in Aug, market share dips

It might be facing serious financial problems but last month, SpiceJet claimed it had become the second largest airline, based on market share ...


Nepal clears GMR's plan for Rs 8,500-cr hydro-power plant

GMR plans to construct a 900-megawatt plant; no clarity on the how the equity funding will be structured

BHEL adopts a two-pronged strategy of focusing on EPC

Company is exploring 'collaboration opportunities' in certain foreign countries to bolster export business

Suzlon Energy declines 10% on listing of fresh shares

A fresh 270 million shares allotted on conversion of FCCBs of the company starts trading today.


Sutlej Textiles shuts fabric division to focus on home textiles

Company to expand manufacturing capacity of home textiles from existing 2.5 mn metres to 9.6 mn metres

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


Hindustan Copper to diversify into downstream products space

Company is into advanced negotiations with a closely held firm, will buy more than 26%

JSW has handful of potential targets on radar for acquisition

Company has already submitted the final binding bid to acquire some assets of Italy's Lucchini

Coal to power cos may get costlier

Coal India may be allowed to trade-off its e-auction cut with a higher price in fuel supply deliveries


Hatsun Agro rises on preferential share issue plans

The company's board will meet on Sep 23 to consider issue of share on preferential basis

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


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.

Zee Entertainment up 7% ahead of Nifty inclusion

Zee Entertainment will replace United Spirits in the 50-share Nifty from September 19.

Zee Entertainment up on brokerage upgrade

Kotak has upgraded the stock to 'add' with target of Rs 315 and the stock will be included in Nifty from Sep 19


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
(%)

26503.00
-156
-0.59

5590.00
-55
-0.97

39917.00
-1017
-2.48

420.20
-0.35
-0.08

137.45
+0.4
+0.29

FEATURES

In Depth Rss icon

Prasan Firodia with the Force Gurkha

Force Motors prepares for life after Bajaj exit

The company is strengthening its distribution network, forging alliances with global manufacturers and betting on exports to boost sales

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

For a perch in brands' minds

Twitter, the US-based networking platform, ramps up its pitch to Indian advertisers but will they buy?

40 Years Ago...and now: Brand new, always

The endorsement career of India's megastar Amitabh Bachchan displays his relevance in diametrically opposite roles and product categories

Business Education Rss icon

Germany emerges among top education destinations for Indians

Better immigration rules and low cost of education big draw