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BUDGET & MARKETS »

Sebi-FMC merger: Soon, commexes may start equity trading


Stock exchanges, commexes may be allowed to venture into each other's territory after Sebi-FMC merger

BUDGET & COMPANIES »

Service tax blow for spectrum, coal bidders


Budget has made all services provided by govt to business entities taxable, unless specifically exempted

BUDGET & INDIVIDUAL »

Super rich senior citizens to take biggest hit


Savings for citizens above 60 and in over Rs 10 lakh bracket would be little lower at Rs 21,630 annually

Subir Gokarn & AK Bhattacharya

BUDGET & ECONOMY »

We're yet to see a clear disinvestment strategy from government: Gokarn


Business Standard Editor AK Bhattacharya and Director of Research for Brookings India Subir Gokarn discuss Union Budget 2015

BUDGET & GOVERNMENT »

Completely wrong to call Budget pro-corporate: Jayant Sinha


Sinha said that views of the Budget being anti-poor and pro-corporate were ill founded and not backed by data

POLITICS »

Mufti takes oath as J&K chief minister


Will hold the chair for full six-year term, BJP's Nirmal Singh to be Deputy CM

AROUND THE WORLD »

China cuts rates again in face of weak demand, deflation risk


The 25 bps cut in benchmark interest rate to 5.35% and 25 bps cut in the benchmark saving rate to 2.5% will be effective from Sunday

BUDGET & FINANCE »

Government sets the ball rolling


New monetary framework for inflation targeting approved; priority-sector lending norms revised

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Derivatives

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Columnists

A big leap forward
Subir Gokarn

We now see an emerging link between objectives and financial commitments

A more certain tax
regime

Mukesh Butani

The Budget sticks to the 3Cs of tax policy - certainty, clarity and consistency

A very traditional
Budget

Sukumar Mukhopadhyay

The finance minister does not move beyond the old approach of giving more exemptions

Numbers need to back the
politics better

Rathin Roy

Enhanced tax devolution moderated to maintain resource allocation for central priorities

BLOGS


This is the crime that should actually outrage you
Indulekha Aravind

The murderous assault of security guard Kattungal Chandrabose stands out for its senseless brutality and the arrogance of its perpetrator

Delhi polls -- a lesson for BJP
Tarun Chaturvedi

Bringing in Kiran Bedi seems to have backfired, and getting star MPs to campaign just hasn't worked

EDITORIAL COMMENT

Coping under pressure

Arun Jaitley had a difficult job to do, and he has coped well

The right track

The difference with this Railway Budget

Financial X-ray

Vision statement unlikely to boost corporate earning

Markets will find it hard to justify stretched valuations in the face of single-digit earnings growth

Will the Budget deliver "Big Bang" reforms?

Economic Survey rules out need for such reforms; analysts believe fiscal tightening, rural stress and political debacle might be restrictive

Weekend Columnists

Exam festivals aren't the answer
Anjuli Bhargava

PM Modi has poor handwriting. He never scored high marks as a student. Yet he is leading our nation of a billion-odd people

The emperor has one suit less
Malavika Sangghvi

After Kejriwal sweep, Modi appears a man chastened. He has taken to wearing sober clothes, the famous "power walk" has been toned down

Dominic Elliott

Shrinking feeling
Dominic Elliott


RBS turnaround enters critical period

Edward Hadas

The tide
Edward Hadas


Disinflation is steelier than German metalworkers

CompaniesRss icon

Time for ITC to demerge hotels, FMCG business, say analysts

Say shares crashed on Saturday mainly due fear that the company will pass on the tax hike to the consumers

Auto makers optimistic on demand growth

Lower interest rates and fuel prices, stable vehicle prices, new model launches will pull customers back into showrooms, they feel

CIL board gives nod to East Corridor Rail project

The project will see an investment of Rs 2,500 cr to facilitate movement of passengers as well as freight, primarily coal, from Chhattisgarh.


Time for ITC to demerge hotels, FMCG business, say analysts

Say shares crashed on Saturday mainly due fear that the company will pass on the tax hike to the consumers

Budget 2015: Bad news for ITC

25% increase in 65 mm cigarettes and 15% in other categories

Budget Impact : ITC dips 9% after excise duty hike on cigarettes

The stock has fallen nearly 13% from its record high of Rs 410 touched on NSE during intra-day trade today.


Axis, YES Bank to benefit as FM relaxes cap on FII shareholding

At present, foreign shareholding in private sector banks is capped at 74% of paid-up voting equity capital

Nifty records best gain in five years on Budget day

Axis Bank, IndusInd Bank, Yes Bank, Kotak Mahindra Bank and ICICI Bank rallied between 4-9%

Bank Nifty zooms over 500 points; Axis Bank surges 8%

IndusInd Bank, Yes Bank and Kotak Mahindra Bank rallied between 4-6% on NSE.


Bharti Airtel raises Rs 1,925 cr from stake sale in tower unit

Divests 55 mn shares, firm's equity holding in Bharti Infratel down to 71.9% from 74.85%

Landline STD calls to cost 30% less

The landline connections in the country have been on a declining spree after high growth in the mobile segment

Idea Cellular, Yes Bank gain on inclusion in Nifty

Idea Cellular and Yes Bank will replace DLF and Jindal Steel & Power in Nifty which declined up to 1.5% on the BSE


Tech Mahindra aims to become a 'design house' in aerospace sector

The company is using new business models, where clients can assign their requirements after going through a catalogue

Tirumala temple to use TCS services

The IT bellwether will handle all the on-line services including e-darshan and advance and current booking

Rolta, Bharat Electronics rally as consortium selected for Rs 50,000 crore defence project

Rolta India has surged 11% to Rs 165, also its 52-week high on the BSE, while Bharat Electronics gained nearly 5% at Rs 3,824


US judge denies Ranbaxy bid to reinstate approvals for Valcyte, Nexium copies

Launching the first generic copies of the drugs would have given Ranbaxy six months of exclusivity on the market

Glenmark to set up new injectable plant in US

The total investment for the new unit is pegged at Rs 160 cr

Glenmark gets USFDA nod to sell generic blood pressure drug

Glenmark will commence distribution of trandolapril and verapamil hydrochloride tablets immediately


Auto makers optimistic on demand growth

Lower interest rates and fuel prices, stable vehicle prices, new model launches will pull customers back into showrooms, they feel

Tata Motors tightens belt, offers VRS

Instead of a one-time payout the carmaker will offer a 'generous benefit package' that includes a monthly salary from the date of separation ...

Minda Industries surges on joint venture with Kosei Group

The stock surged 5% to Rs 623 on BSE.


Business class air travel gets costly with service tax changes

Service tax will be levied on 60% of fare value against 40% earlier; besides tax rate has been hiked to 14% from 12%

AirAsia India posts Rs 21 crore loss

Result is not comparable to corresponding period in 2013 because airline began operations only last June

SpiceJet receives fund from new owner

Ajay Singh infused Rs 500 cr in the airline as part of his Rs 1,500 cr investment plan to revive it


Impetus for manufacturing: Baba Kalyani

Says the Budget reflects an intention to put economy on the path of double-digit growth

Larsen and Toubro hits record high

The stock up 2% at Rs 1,792, extending its previous day's 5% rally on the NSE.

VA Tech Wabag hits record high

Since February 9, the stock rallied 24% after its board approved the issue of bonus shares in the ratio of 1:1.


Ex-Cadbury South Asia head Bharat Puri named MD of Pidilite

This is the first time that a professional has been appointed to the position, held so far by members of the promoter family...

Amitabh Bachchan raises stake in Fineotex Chemicals to 5.58 pc

Bachchan is the third largest shareholder in the company after its promoters

Sensex drops most in three weeks

Metal, cement firms hit by freight hike; IT shares fall on strong rupee


CIL board gives nod to East Corridor Rail project

The project will see an investment of Rs 2,500 cr to facilitate movement of passengers as well as freight, primarily coal, from Chhattisgarh.

Coal India board gives nod to East Corridor Rail project

The 180-km long corridor, which will connect mines of Gare-Pelma block, may see an investment of Rs 2,500 cr

An industry-friendly Budget: T V Narendran

The Budget seeks to provide an environment to attract investment and propels economic growth.The proposal to do away with different types of ...


Jubilant Foodworks: Same store sales set to turn positive in FY16

Hopes of a recovery in consumer sentiment and tie-up with railways could boost sales

Jubilant FoodWorks gains on tie up with Indian Railways

The company declared that it has tied up with Indian railways to deliver pizzas to the passengers

Sugar stocks rally after CCEA gives nod to export subsidy

CCEA cleared a proposal to extend a subsidy of Rs 4,000 a tonne on export of 1.4 million tonnes of raw sugar in the 2014-15


Deccan Chronicle: Twist in the tale

A few years ago, T Venkattram Reddy, the owner of Deccan Chronicle, was unstoppable: he bought an IPL team and diversified into aviation. ...

Judicial remand for Deccan Chronicle promoters till March 13

CBI sleuths had arrested the Reddy brothers on February 21

CBI gets 5-day custody of Deccan Chronicle promoters

However, court says no to agency request to allow it to take accused to Bengaluru for interrogation


Pharma shares gain; BSE Healthcare index up nearly 200 points

SPARC, Aurobindo, Sun Pharma, Ranbaxy Laboratories and Dr Reddy's Laboratories are up 2-7% on BSE.

Footwear makers gain on reduction in excise duty

Liberty Shoes, Bata India, Relaxo Footwears and Mirza International were up 2-6% on BSE.

Budget Impact: MCX hits 52-week high

The stock has rallied nearly 9% to Rs 1,144 on the BSE


Beyond Business Rss icon

Travel: A Parisian rendezvous

Paris is a place brimming with history, irony and a bit of discontent

How about a slim-fit kanjeevaram?

The heavy, hand-woven silk saris from Kanchipuram are getting a contemporary and easy-to-wear makeover

Commodities

Commodity
Price(Rs)
Change
(%)

26477.00
+250
+0.95

3067.00
+33
+1.09

36736.00
+343
+0.94

371.65
+1.6
+0.43

167.90
-2
-1.18

FEATURES

In Depth Rss icon

Is ITC's succession plan gaining speed?

As the challenges for its businesses rise, the company is making a number of internal changes to prepare a second line of leaders

Freeing up fertiliser creates a policy conundrum

Fertiliser industry is hoping NDA will bite the bullet and announce price decontrol in Budget. But experts reckon move is at least 3 yrs away

Real Estate

It's time to hunt for your dream home

While many developers are offering attractive plans, there is also scope for buyers to negotiate for discounts

Brand World Rss icon

Parle G tackled crunch with price and reach

It faced capacity constraints and copycats by thinking around the problems

New brands check into price gap below Ginger

Ginger's average rate is Rs 2,600 a night, but others targeting Rs 1,000-2000 bracket

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