MARKETS »

Sensex ends 102 points lower; HDFC, ICICI Bank dip 2%


Select financial shares were among the top losers

COMPANIES »

HDFC Q1 net profit up 1.21%


The loan book jumped by 13.6% to Rs 2,31,224 crore annually

ECONOMY AND POLICY »

India to reinstate wheat import duty after big deals


The govt decides to introduce import duty of 10% on wheat after a gap of eight years

CURRENT AFFAIRS »

President Kalam's aide recalls his last moments


Srijan Pal Singh was onstage with Kalam in Shillong when he collapsed and was taken to hospital

AROUND THE GLOBE »

Oil prices drop toward four-month lows on glut worries, equities sell-off


Investors are now eyeing weekly data on US inventory levels for further trading cues.

BRAND WORLD »

Bajaj stretches the Pulsar effect


The auto major extends the brand across price points while trying to steer clear of past mistakes

FINANCE »

We will be among first to hike stake to 49%: AEGON Asia chairman


Q&A with Douglas Henck, chairman and CEO, AEGON Asia

Have Your Say




Pay your tributes to Dr A P J Abdul Kalam here

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Derivatives

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Columnists

Tax Games - chasing
money & power

Ajit Balakrishnan

Analysis of the political economy of taxation can be as entertaining as an IPL cricket match and as naked a pursuit of wealth

Why so serious, Mr CEO?
Shailesh Dobhal

Communication from the corner offices of India Inc remains stiff even when the world around has moved on

Behind the big FT sale
Indrajit Gupta

The FT sale is significant for a variety of reasons. One, the global media business is in turmoil

Escaping the Greek debt
trap

Barry Eichengreen, Peter T Allen & Gary Evans

Greece and the EU should contractually link changes in the terms of the country's EU loans to milestones in structural reform

BLOGS


Should census data on caste be published?

A seemingly divided society will lead to fractured polity which we can ill-afford at this stage of economic transition

Tuktuki Mondal case underlines the deep religious fault lines in India

No answer can satisfy Hindutva activists who are obsessed with conspiracy theories and victim hood

EDITORIAL COMMENT

Houses divided

Continuing to disrupt Parliament is dangerous

Components success

The sector that shows 'Make in India' is possible

Financial X-ray

Tech Mahindra: Margin decline may be a thing of the past

Revenues from top 5 clients seem to have stabilised at 33%; return to growth a few quarters away

Lower realisations hurt profitability of Ambuja

Cement sales volumes surprise positively but not enough to offset impact of soft realisations

BOOK REVIEWS

A Dalit's story

Ms Gokhale, it may not shock readers today but it will certainly burn through their skins by the time they are done reading 299 pages of book

A China strategy for the US

"China has major incentives to avoid unnecessary conflict," writes author Thomas J Christensen

Laying it on thick
Kevin Allison


Coty's $12.5 bn P&G deal has too much makeup

Three's a crowd
Dominic Elliott


Barclays investment bank is hardest to turn round

CompaniesRss icon

Tyre stocks gain; Ceat up 4%

Goodyear India, Ceat, Apollo Tyres, JK Tyre & Industries and MRF were 1%-5% on the BSE.

OCL India gains on robust Q1 earnings

Net profit for Apr-Jun 2015 surged 26% to Rs 49 crore compared with Rs 36 crore last fiscal

Bank of India Q1 net falls 84% on higher bad loan provisioning

Gross NPA as a percentage of total loans spiked to 6.8%


Bank of India Q1 net falls 84% on higher bad loan provisioning

Gross NPA as a percentage of total loans spiked to 6.8%

Bank of India hits 52-week low post June quarter results

The stock dipped almost 5% to Rs 156 after the bank reported a lower-than-expected net profit of Rs 130 crore in the June quarter.

Union Bank Q1 net profit falls 22% to Rs 519 crore

Gross NPAs rise to 5.53% in the June quarter, from 4.27% in the year ago period


Tech Mahindra net up 7.2% on foreign exchange gains

Margins for the quarter came in at 12.1%, which were affected due to the acquisitions made by the company

Tech Mahindra: Margin decline may be a thing of the past

Revenues from top 5 clients seem to have stabilised at 33%; return to growth a few quarters away

Microsoft's Win10 a game changer

In India, the enterprise may wait and watch for 6-12 months


Torrent Pharma hits new lifetime high on strong Q1 results

The stock rallied 9% to Rs 1,520 after the company posted a 75% Y-o-Y rise in consolidated net profit at Rs 449 crore in the June quarter.

Teva pays $40.5 bn for Allergan's generics arm, dumping Mylan

Teva will pay $33.75 billion in cash and $6.75 billion worth of shares

EU-ban will impact $1 bn pharma exports from India: Pharmexcil

Drugs made and sold directly by Indian firms make up 30% of this value, the rest comes from products sourced by global generic players from


Tyre stocks gain; Ceat up 4%

Goodyear India, Ceat, Apollo Tyres, JK Tyre & Industries and MRF were 1%-5% on the BSE.

Hero Motocorp to buy assets of bankrupt US company

Will acquire tangible and intangible assets of Erik Buell Racing for a consideration of $2.8 mn

Maruti Suzuki net jumps 56% to Rs 1,192 cr in Q1

Net sales of the company grew 18% to Rs 13,078 crore annually


KEC International gains as Q1 profit more than doubles

The stock surged 5% to Rs 158 after the company reported net profit of Rs 30 crore in June quarter against Rs 11 crore in the year-ago quarter.

NLC wage settlement talks inconclusive

Workers engaged in strike from July 20, 2015

Power Grid approves Rs 307 cr investment for transmission proj

The transmission system will commission in 28 months from the date of investment approval


flydubai denies SpiceJet deal talk

The Dubai-based airline issued a statement following a media report saying a deal is in works

SpiceJet nears 52-week high on talk of stake sale

The company said that a few parties had approached it and evinced interest in making investments.

L Capital exits PVR, pockets Rs 485 crore

Sells more than 6 mn shares on NSE to Bajaj Allianz, Max Life and others in first major exit in India


We aim to double revenues in 4 years: Baba Kalyani

During last year, Bharat Forge also strengthened its balance sheet retiring debt of around Rs 530 crore, including Rs 407 crore high cost rupee ...

Tata Opportunity Fund invests Rs 335 crore in Tata Projects

Fund says it has been evaluating Indian EPC and is looking at a revival in the sector as it comes off a cyclical low

Inox Wind Q1 Net up 115% at Rs 50 cr

Company's total income was Rs 635.83 crore in the quarter under review compared to Rs 304.37 crore in the year-ago period


OCL India gains on robust Q1 earnings

Net profit for Apr-Jun 2015 surged 26% to Rs 49 crore compared with Rs 36 crore last fiscal

KPR Mill touches record high on good Q1 results

The stock surged 10% to Rs 706 after the company reported a 28% Y-o-Y jump in net profit at Rs 50.49 crore in the June quarter.

Ambuja's net dips 45% to Rs 226 crore on weak prices

The cement maker says mixed macro-economic indicators point sluggish growth in cement demand in short term.


Lenders take over mgmt control of Electrosteel Steels

SBI Caps to scout for buyer, in talks with Singapore-based steelmaker for takeover after talks with Tata Steel fall through

Today's picks- 27 July 2015

Nifty, Bank Nifty, Hindalco, Tata Steel & NMDC

SAIL's special unit at Salem signs MoU with Butterfly Group

Stainless steel utensils, kitchenware & tableware will be manufactured from this unit


Rallis: Monsoon key to revival in performance

July has seen a revival in monsoon and if the pace continues, Rallis can rebound

Coromandel International Q1 net declines 60 per cent

Company's total turnover up by 16% to Rs 2,181 cr

Nestle India gains 3% on the NSE

On July 24, Nestle India announced that Mr. Etienne Benet, managing director, is leaving the company with effect from July 25, 2015.


Delhi HC observes Marans don't have controlling stake in Digital Radio

While Kalanithi Maran indirectly holds 21% share in the two companies, 51.1% shares are with Rao-Reddy group, it was observed

Ortel logs Rs 2.4 cr net profit, total income up 25% in Apr-June

Firm attributes growth to cable TV and broadband businesses, supported by momentum in infrastructure leasing segment

Sun TV Network gains as HC allows Group to bid in FM radio auction

The stock was up 4% at Rs 291 after the Delhi HC allowed Red FM to participate in phase-III of the FM radio e-auction.


Reliance Jio in talks with 28 handset brands to sell 4G devices

Also engaged with five chipmakers such as Intel and Qualcomm for smooth access of 4G connectivity

RIL e-commerce plans set to ride on Jio infrastructure

The e-commerce plan, coined Reliance Retail 2.0, will integrate advanced infrastructure built by Reliance Jio and RIL's physical retail business

RIL's share of profit from investments slips to 29%

Trading profit, which used to average around 40% in past many years, has narrowed to just about Rs 1,832 cr


Justdial Q1 net up 18% at Rs 33.2 crore

Total income from operations grew by 24.87% to Rs 168.62 crore

Info Edge: Margin pressure to continue

Firm continues to invest in growth potential businesses and this will go on for a while; analysts take optimistic long-term view

KDDL zooms 20% on preferential issue plan to SAIF Partners

The board approved the issue of equity shares to SAIF India V Fll Holdings at a price of Rs 297.50 per share.


Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24785.00
-114
-0.46

3013.00
-66
-2.14

33711.00
-219
-0.65

336.40
+0.25
+0.07

178.90
-1.8
-1

FEATURES

In Depth Rss icon

Honda, Hero prepare for final showdown

As Honda draws up aggressive plans to expand into the rural market, Hero MotoCorp is readying a new range of scooters

What makes the Give It Up campaign click

Over a million households have surrendered their cooking gas subsidy. The author finds out what has made the campaign successful

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

Brand World Rss icon

Bajaj stretches the Pulsar effect

The auto major extends the brand across price points while trying to steer clear of past mistakes

Brands don't mix with bad boys

Salman Khan is an exception but even he had to come up with the image of a bratty boy with a heart of gold, courtesy 'Being Human'