MARKETS »

Markets extend losses as rupee hits 20-month low


Extending its slide for the fifth straight day rupee has hit a 20-month low and is trading at 63.96 against US Dollar

COMPANIES »

IT firms draw up plans to live with uncertainty


As the sector deals with fewer large deals and the shifting technological landscape, quarterly surprises in results may well become the norm

ECONOMY AND POLICY »

GST rates likely to be in the range of 20-23%


NIPFP working on this and Jaitley tells Lok Sabha 27% is too high; also says will be ensuring against cascade effect of origin tax

FROM THE AUDITOR’S DESK »

Don't become sick again: CAG warns RINL


CAG also slammed RINL for delayed expansion because of which the company had to forgo a gross margin of Rs 1,560.54 cr

Bill and Melinda Gates

CURRENT AFFAIRS »

Gates Foundation not under scanner: Govt


Government today dismissed reports suggesting that the Home Ministry was looking into the funding of the Bill and Melinda Gates ...

AROUND THE GLOBE »

Facebook COO Sandberg's personal tribute to husband


He died at age 47 on Friday, after a treadmill accident during a vacation in Mexico

FINANCE »

Rupee hits 20-month low


Weighed down by concerns over govt's taxation policies

OPINION »

COLUMNIST »


Shyam Ponappa: Greater expectations

The government seems to be dealing with India's many problems like pieces of a jigsaw puzzle, without an appreciation of the big picture

Lalit Bhasin: For 'Make in India', first 'Innovate in India'

Why a manufacturing push requires a modern intellectual property regime with global standards

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Columnists

Greater expectations
Shyam Ponappa

The government seems to be dealing with India's many problems like pieces of a jigsaw puzzle, without an appreciation of the big picture

Keep it simple, please
Anjuli Bhargava

Try to resolve the real issues facing aviation instead of tinkering with existing rules

For 'Make in India',
first 'Innovate in
India'

Lalit Bhasin

Why a manufacturing push requires a modern intellectual property regime with global standards

The net as a public
resource

Harsh Manglik

Policymakers must view the internet as a public resource, even though much of it is privately invested and operated

BLOGS


How about a Babaji ki butti to cure the incurable?
Jyoti Mukul

If Ramdev weren't a Baba, but a mere salesman, what would he make of a medicine or a herb named Putrajeevak Beej?

Nepal quake and its lessons for disaster (un)preparedness

Despite loads of relief material and foreign rescue teams in Nepal, the state has failed to respond adequately in helping the victims

EDITORIAL COMMENT

Missed opportunities

Markets react to lower expectations from govt

Statesmanlike decisions

Credit to Centre, states for Bangladesh border settlement

Financial X-ray

Sluggish capex cycle hits ABB's March quarter earnings

Net profit rises 5.7% despite margin expansion; valuations remain expensive

Oberoi Realty: New sales improve visibility

Strong sales momentum expected to be maintained

BOOK REVIEWS

A convenient stalemate

The book based on meticulous research of recently declassified documents highlights the contours of US, Soviet Russian and British policy

Holding the family business together

Family companies have not received the deserved attention and have, in fact, been vilified for corporate nepotism and lack of professionalism

Robert Cyran

Puffy clouds
Robert Cyran


Would Microsoft really want to own Salesforce?

Peter Thal Larsen

Emigrant blues
Peter Thal Larsen


HSBC revival overshadowed by existential questions

CompaniesRss icon

MEP Infra extends fall post stake sale by Credit Suisse

The stock dipped 12% to Rs 53.75 on the BSE after Credit Suisse sold 1.66 million shares via open market.

Markets choppy in mid-morning trades; Nifty hovers at 8,100

The gains in the IT space are being offset by losses in banking stocks and index bellweather such as RIL.

IT shares gain on weak rupee

At 1117 hours, CNX IT index was up 1.6% compared to 0.15% decline in CNX Nifty.


Colgate discontinues toothpowder manufacturing at Waluj plant

Move follows VRS accepted by firm's employees; Colgate says it has sufficient stocks and alternatives to meet market demand

Marico ramps up overseas presence

The FMCG major is expanding into new markets like moving into Kenya, Tanzania, and Uganda

Nivea commissions first Indian factory at Sanand

In phase-1, plant's annual capacity is just over 100 mn units, making creams, lotions, shower products and lip care


Markets choppy in mid-morning trades; Nifty hovers at 8,100

The gains in the IT space are being offset by losses in banking stocks and index bellweather such as RIL.

Sensex tanks 723 pts to lowest point in 2015

Hits 2015 low amid global sell-off, rising oil prices and FII selling spree; Rs 2.89 lakh cr of investor wealth wiped out

Now, a personal loan disbursed every minute from HDFC Bank

Bank eyers 50% growth in personal loans


India smartphone market shrinks 7% in Q1: CMR

Overall mobile handsets market, including feature phones, declined 15% to 53 mn units in Jan-March period

Bharti Airtel gains on talk MSCI to raise weightage to 2.6%

Bharti Airtel is likely to attract inflow worth Rs 20 crore in the counter

Airtel Zero violates net neutrality, says DoT secy

Says nobody forced telcos into licensed spectrum regime and they never objected to OTT ecosystem earlier


Cipla promoters to vest voting rights with Yusuf Hamied

Yusuf's nephew Kamil to inherit voting rights in future

FIIs dump more than Rs 9,000 crore of equities in nine sessions

At 1245 hours, the Sensex slipped 2.3% at 26,815; the index has fallen 3.8% or 1,075 points from 27,890 on April 22.

Sebi okays Cipla's voting rights proposal

The request for approval relates to a letter written by Hamied in October 2014 to Sebi


Phoenix Lamps surges on open offer by Suprajit Engineering

The stock surged 10% to Rs 121 on the BSE after Suprajit Engineering made an open offer at price of Rs 100 per share.

Tata Motors bets on GenX Nano for revival

With new features and a new look, the brand looks to change its fortunes

Pricol buys Johnson Controls' 50% stake in JV for $3.1 mn

Formed in 2012 to make instrument clusters, displays and body electronics for automakers, the JV is now wholly-owned by Pricol


MEP Infra extends fall post stake sale by Credit Suisse

The stock dipped 12% to Rs 53.75 on the BSE after Credit Suisse sold 1.66 million shares via open market.

KEC International gains on strong Q4 results

The stock was up 6% at Rs 102 on the NSE in early morning trade.

NTPC plans to raise $1 billion through foreign currency bonds

The power producer envisages that the renewable energy will contribute 28% to its capacity of 1,28,000 MW by 2032


CCI directs DG to probe alleged restrictive practices of Ola Cabs

The order was issued on a petition filed by Chennai-based Fast Track Call Cab Pvt Ltd

Jet, Etihad alliance working, slowly

As partnership completes two years, Indian carrier is yet to achieve strong profit

Indian Hotels takes revival road under new CEO

The Tata company, which has not recorded any profit since 2012-13, is hoping to benefit from a slew of strategic measures over the next two


Sensex tanks 723 pts to lowest point in 2015

Hits 2015 low amid global sell-off, rising oil prices and FII selling spree; Rs 2.89 lakh cr of investor wealth wiped out

Today's picks- 6 May 2015

Nifty, Bank Nifty, Bhel, L&T & ONGC

Sluggish capex cycle hits ABB's March quarter earnings

Net profit rises 5.7% despite margin expansion; valuations remain expensive


PCBL registers profit of Rs 12.64 crore

Turnaround attributed to improved sales volume, better cost management and sourcing of raw materials

Ashapura Intimates Fashion hits record high on fund buying

On May 4, DSP Blackrock Mutual Fund purchased 640,000 equity shares of Ashapura Intimates Fashion at Rs 214.95 per share on the BSE.

Future to merge retail biz with Bharti Retail

Share swap deal pegged at Rs 750 cr


Pension row might hit 60% of Tata Steel production in Europe

Ballot starting today may see 17,000 members of British Steel Pension Scheme going on strike

'Open for talks if threat of closure of pension scheme is lifted'

Tata Steel will have to live with decision of employee strike if they do not approach us

Bloodbath on Dalal Street; Sensex sinks more than 700 points

All the sectoral indices received a battering, with banking, metal, oil and capital goods indices shedding a whopping 3%-4% each.


Eros International, Mandhana drop after court convicts Salman Khan

Eros International has global distribution rights for the actor's two maiden productions while Mandhana Ind has exclusive deal with Being Human ...

Enforcement Directorate seeks dismissal of Sun TV's petition

Highlights Supreme Court orders restricting any other courts from interfering in the related disputes

Sun TV, Kal Comm move HC against ED's attachment order

Court admits petition and asks Directorate of Enforcement to file a counter


Markets choppy in mid-morning trades; Nifty hovers at 8,100

The gains in the IT space are being offset by losses in banking stocks and index bellweather such as RIL.

Oil price rise to help RIL, ONGC; yet, scrips fall

Indian Oil Corporation led the fall with a 7.6% drop, while Bharat Petroleum and Hindustan Petroleum fell 3.8% and 5.4%, respectively

Today's picks- 6 May 2015

Nifty, Bank Nifty, Bhel, L&T & ONGC


Future Retail DVR zooms 75% in four days

The stock is trading at its 52-week high and has zoomed 75% in the past four trading sessions to Rs 86.90 from Rs 49.75 on April 30.

Urban Ladder mulls another Rs 750 cr in fund raising

Prior to this, the Ratan Tata-backed firm had raised $77 million in two tranches from a clutch of PE investors

Petronet LNG: Near-term demand concerns

Restarting of fertiliser plants after shutdown might help but price difference between long-term RLNG and spot cargo will keep overall muted for ...


Technology Rss icon

Xiaomi Mi 4i: Impresses, with a little tut-tutting

Right size, top-notch features; camera, processor could've been better though

Beyond Business Rss icon

Don't sweat it

Yes, the temperature might be in the 40s. But a Flexi jacket can keep you looking cool

On a raw vegan diet

Uncooked, fresh and unprocessed - that's the diet a number of people are swearing by

Commodities

Commodity
Price(Rs)
Change
(%)

26937.00
+26
+0.1

3881.00
-1
-0.03

38030.00
+38
+0.1

415.35
+0.4
+0.1

177.60
-1.2
-0.67

FEATURES

In Depth Rss icon

IT firms draw up plans to live with uncertainty

As the sector deals with fewer large deals and the shifting technological landscape, quarterly surprises in results may well become the norm

After sports, Star bets on mobile TV with hotstar

With 16 million downloads, Star's mobile TV app is among the fastest growing digital services in the world. Can it prove to be a game changer?

Start-ups

Homelane.com eyes 2% pie of Rs 6,000-cr fixed furniture market in Hyderabad

The company had in February this year raised $4.5 mn in a Series-A round of funding led by Sequoia Capital

Brand World Rss icon

Tata Motors bets on GenX Nano for revival

With new features and a new look, the brand looks to change its fortunes

Ice cream players ready to beat the heat

While Amul plans expansion, Havmor launches 'leaner' range and others are focusing on candylines