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ECONOMY »

Telcos put money on 900-MHz band


Govt receives bids for Rs 65,000 crore at the end of second day of spectrum auction

COMPANIES »

Lodha relaunches $350-mn overseas bond sale plan


It had earlier called off the bond issue after tepid investor response

FINANCE »

Govt faces potential clashes with RBI over who decides rates


While both sides have agreed to set up Monetary Policy Committee, the two sides disagree on composition of the panel

CURRENT AFFAIRS »

Modi among 30 most influential people on the internet: Time magazine


US President Barack Obama the most-liked world leader on Facebook and the most-followed on Twitter

AROUND THE WORLD »

Chinese premier warns of economic barriers to private enterprise


The new target is down from the goal of 7.5% that the government set for 2014

MARKETS »

Markets closed on account of Holi


Indian equity, forex, money and commodity markets will remain closed today on account of Holi.

POLITICS »

Senior AAP leader Mayank Gandhi speaks out against Bhushan, Yadav ouster


Reveals Kejriwal had said he "would not be able" to work as National Convener with Bhushan and Yadav in PAC

BS Poll

Will India beat the West Indies on Friday?

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Derivatives

Opinion Rss icon

Columnists

When Iran enters the
global mainstream

Nitin Pai

The strategic consequences of a nuclear deal between Iran and the West

The ABC of life on Earth
Devangshu Datta

Data from space & some experiments by NASA show that many of key building blocks of life could arise spontaneously without biological processes

Bang for the buck
Shreekant Sambrani

What Budget 2015 does is to deliver bang for the buck, a term in vogue since the 1950s, which refers to value in exchange for money or effort

In chase of Apple,
smartphone makers shift
strategies

Molly Wood

The Mobile World Congress in Barcelona saw phone makers try something different to compete with the iPhone. But that might not be enough

BLOGS


These are the real Nirbhayas
Indulekha Aravind

It is women who've taken on powerful perpetrators of sexual harassment at the workplace, who need to be lauded

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

PPP problems

State taking most of the risk in shared projects is undesirable

The virtue of self-control

The media must guard its reputation more carefully

Financial X-ray

Cairn's 60% cut in capex to hit reserve ratio

Given the company's strong balance sheet, analysts say capex reduction too severe

NTPC: Awaiting fresh triggers

New rate directives will keep RoE under stress; favourable verdict on rates could boost sentiment

BOOK REVIEWS

In Steppe with Genghis

On the Trail of Genghis Khan argues that the Mongol Empire was not tyrannical as the European historians depicted in the 18th century

JNU in minutiae

Mr Rakesh Batabyal claims to have read “four hundred to five hundred theses and dissertations of JNU scholars” as part of his research

Reynolds Holding

Everybody dance
Reynolds Holding


Now (finally) playing: royalties for online music

Jeffrey Goldfarb

BlackRock the boat
Jeffrey Goldfarb


BlackRock should embrace its pushy tendencies

CompaniesRss icon

United Spirits hits record high on heavy volumes

The stock hit a record high of Rs 4,048 on NSE in intra-day trade today.

ITC's cigarette EBIT may halve in FY16

Tax regime a sustained headwind for the stock, double-digit price rise to result in volume contraction

Titan takes big leap towards 'Make in India'

The company reaches full-scale production at its first stainless steel watch case plant in Coimbatore


DHFL raises Rs 809.61 crore from institutional investors

Equity shares were issued and allotted to QIBs at a price of Rs 478.18 per equity share

Expect another 50 bps rate cut this year: Keki Mistry

Hopes to reduce home loan rate in 'near future'; to be applicable for all customers

Eyeing parity, IDBI expands board to three deputy managing directors

IDBI Bank has also appointed N S Venkatesh, its executive director, as chief financial officer in place of P Sitaram


Telcos' debt at Rs 2.4 lakh cr at end of FY14

The share of public sector firms MTNL and BSNL stood at 7.6% of the total debt

Bharti Airtel & China Mobile enters into a partnership for promoting 4G

The strategic collaboration aims to bring together the largest mobile operators from the world's two largest mobile markets - China and India

Spectrum payout to offset Bharti's African tower sale gains: Moody's

The agency expects it will receive around $2.2 billion from the tower sales and the company has committed to use all proceeds to reduce debt


Looking at Panaya-like acquisitions, says Sikka

Infosys CEO reinforces focus on automation & artificial intelligence

Expect Q4 revenue to be in-line with last year's, says TCS

Currency volatility to have negative impact of 275 basis points, says management

Q4 revenue to be in line with last year's trend: TCS

Company's Chief Financial Officer said the company is witnessing volatility in currency, which could impact the revenues


Dilip Shanghvi's wealth creation machine

The Sun Pharma stock has appreciated at 35% a year for 20 years

BSE Pharma index hits new high

Sun Pharma, Lupin, Cipla, AstraZeneca, Sparc, Indoco Remedies, Shasun Pharma and Strides Arcolab up 2-16% on BSE.

Dilip Shanghvi pips Mukesh Ambani as richest Indian

Shanghvi, who is valued at Rs 1.39 lakh crore, will be even richer if Sun's Suzlon Energy and Ranbaxy acquisitions are factored in


Medium-term triggers for M&M

While volumes remain weak, analysts expect demand recovery and new launches to reverse the trend in 2nd half of FY16

SML Isuzu rallies over 10% on strong February sales

The stock rallied 12% to Rs 1,121 after the company said has sold 981 vehicles in Feb, 2015 against 447 vehicles sold in Feb, 2014.

Volvo, Eicher reassurance on joint venture

Former's stake sale won't change commitment to venture or plans to strengthen it, say both


NTPC: Awaiting fresh triggers

New rate directives will keep RoE under stress; favourable verdict on rates could boost sentiment

Janaadhar raises Rs 54 crore for expansion

Treeline Asia of Singapore leads funding; Vallabh Bhansali, ex-Morgan Stanley head Narayan Ramachandran among other investors

KEC International bags orders worth Rs 1,243 crore

In the transmission and distribution business, the company has bagged orders worth Rs 995 crore from firms in India, Saudi Arabia and America


Hotel Leela: Sale valuations key to debt reduction

Firm will reduce leverage if it can get a premium for the properties

Hotel Leelaventure surges over 10% on asset sale plan report

The company said it has engaged JM Financial Institutional Securities for sale of its Chennai and Goa Hotels.

Hotel Leela to sell Chennai, Goa hotels to reduce debt

Another try at cutting its big debt, eroding its margins; JM Financial hired for deal


Filatex Fashions acquires online brand vogue 4 all for Rs 20 cr

The deal would help them lift the sales more than two-fold to Rs 65-70 crore

Punjab Chemicals zooms 20% on strong growth prospects

The company is expecting net profit of Rs 20 crore (approx) in the year 2015-16 against Rs 4.50 crore in the year 2014-15.

Suryalata Spinning extends rally on preferential issue plan to promoters

The stock up 9% at Rs 166, extending its 22% rally in past two trading sessions on BSE.


JSW Steel to invest around Rs 1,000 crore in its Tamil Nadu Unit

In talks to buy Cuddalore Port, which will handle cargo for the Salem plant

Adani Power outbids Jindal in first coal auction win

In phase-II of the auction, which began on Wednesday, private companies can bid for 11 about-to-produce mines

Karnataka's iron ore supply to go up next financial year

About 10 mines starting production in the next few days; production likely to rise to 25 mt


All 3,500 shops down shutters in protest against Coca Cola plant

Residents had protested against plan to set up the plant at Perundurai, citing environment issues

They acquire, they own but don't bring these home

Indian consumer product companies have shopped for brands across the world but have preferred not to bring the labels to India

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


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


Cairn's 60% cut in capex to hit reserve ratio

Given the company's strong balance sheet, analysts say capex reduction too severe

Pipeline fire: RIL restores gas supply, assessing loss

Fire had broken out in the wee hours of Sunday in the 1,375 km-long RGTIL-operated natural gas pipeline at Sadasivapet in Medak district

Aban Offshore surges as arms redeem bonds worth Rs 1,335 crore

The stock rallied 7% to Rs 514 on back of heavy volumes.


Capacity addition, new product launches to drive Greenlam's growth

The de-merged decorative business of Greenply is likely to witness improved growth, margins and lower debt over the next 18-20 months

Pipavav Defence slumps 10% post Reliance Infra deal

Shares of Pipavav Defence have slipped 10% to Rs 69 while Reliance Infra has surged 3.39% to Rs 491 on the BSE

Reliance Infra buys Pipavav Defence in all-cash deal

Anil Ambani will take over as the chairman of Pipavav Defence with full management control


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
(%)

26475.00
-72
-0.27

3210.00
+47
+1.49

36534.00
+11
+0.03

369.00
-1.25
-0.34

177.60
+3.9
+2.25

FEATURES

In Depth Rss icon

Smartphones grow smarter for mass market

Companies are playing the price game and thinking out of the box to make users upgrade to smartphones

BHEL weighs its options beyond power equipment

With the power sector in pain, the state-controlled Maharatna is getting into guns and submarines

Real Estate

Infra, realty companies stand to gain from rate cut

Larger gains will accrue after interest rates are lowered further and the business cycle picks up

Brand World Rss icon

How Dalda built, and lost, its monopoly

Dalda was established in an advertising blitzkrieg but later ran into trouble

Lexus back in luxury race with new compact SUV

A Lexus NX 200t crossover sport-utility vehicle that is helping Toyota Motor put Lexus back among the top luxury brands

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