MARKETS »

Govt's investor of last resort sells in bull run


LIC leads insurers in selling shares worth Rs 17,000 cr this quarter

COMPANIES »

No work but big pay for Lalit Modi


Though he didn't attend any Godfrey Phillips board meeting in FY14, his remuneration stood at Rs 1.7 cr

CURRENT AFFAIRS »

Entry register case: Setback for CBI Director Ranjit Sinha


SC to consider plea for hearing allegations against Sinha in 2G case without knowing whistle-blower's name

Around the world »

China clampdown on web pinches firms like Google


Chinese exporters have struggled to place Google ads that appeal to overseas buyers

ECONOMY »

Govt mulls price control on medical devices


Policy might also bring commissions in the trade under scanner

FINANCE »

PSBs need up to $37 bn capital to meet Basel-III norms


According to Moody's, low capital levels remain a key credit weakness for the public-sector bank

SME WORLD »

Akhilesh Yadav to meet industry once a month


One-to-one interaction aimed at on-the-spot resolution of investment issues

OPINION »

COLUMNIST »


Indira Rajaraman: Transparency as cure

Transparent disclosure of project clearances and delays is needed to restore the health of the banking system

Editorial Comment »


Eye on the US

Takeaways from Prime Minister Narendra Modi's first interview

ON THE BEAT »


Can LIC aspire to be a Calpers?

Time for LIC to become transparent and accountable even as they deal with thousands of crores of public money


MISSION MARS »


Mangalyaan passes crucial test for entering red planet's orbit

The firing of the main liquid engine will enable the insertion of the Mangalyaan into Martian orbit on September 24


BS Poll

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Derivatives

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Columnists

Transparency as cure
Indira Rajaraman

Transparent disclosure of project clearances and delays is needed to restore the health of the banking system

Farming tips? Ask for
your postman

Surinder Sud

IARI's 'postal agri-extension' drive could be a game-changer for farmers and the postal dept

Modi, faux
secularists and Muslims

Hasan Suroor

The “Secularati” is adept at hijacking Muslim issues and running with them even before the community itself has formulated a response

And the winner is ...
Ajit Balakrishnan

In recent years, there has been an explosion in the number of prizes being awarded in various fields

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

Eye on the US

Takeaways from Prime Minister Narendra Modi's first interview

New life for Aadhaar

Realistic expectations from the unique ID

Financial X-ray

Sikka magic may revive high growth at Infosys

Analysts bullish as company looks to invest in new technologies

Colgate-Palmolive: Getting more shine

Outlook improves as company garners additional market share

BOOK REVIEWS

What price development?

Clear Hold Build offers timely look at 21st century India's human rights flashpoints - Vedanta, Tata Steel, Posco, Kudankulam and more

Mr Kissinger's world order

Henry Kissinger’s latest book World Order is probably one of his most magisterial works in recent years

Una Galani

Soft-value
Una Galani


Alibaba IPO highlights SoftBank's value dilemma

John Foley

A hire power
John Foley


China's jobs market in need of serious work

CompaniesRss icon

Choppers might be allowed in commuter airline fleets

The BAOA has sought helicopters be included in the policy for promoting air connectivity to unserved and underserved destinations

Airlines asked to train crew to deal with unruly flyers

The training should enable crew to detect, defuse and handle critical situations, DGCA said

Govt removes 3 independent directors from ONGC board

The move follows similar sacking of directors on boards of other PSUs including IOC, MRPL, CIL, EIL


IFCI to raise Rs 2,000 cr via long-term bonds in Q3

IFCI's ability to raise funds at competitive cost through capital market instruments would be critical for its competitiveness

PNB approves 1:5 share split to increase liquidity of scrip

Bank's boards in its meeting on Sept 19 discussed various options of raising capital to meet Basel-III norms

IFCI to partly divest stake in Tourism Finance Corporation

TFCI is another Delhi-based public financial institution set up to cater to financial needs of tourism industry


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


Sikka magic may revive high growth at Infosys

Analysts bullish as company looks to invest in new technologies

Zen Technologies soars 44% in two days

The company said the total value of orders pending as on date is Rs 170.68 crore.

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

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


SMS Pharma to shift focus to AP

The company is planning to gradually scale down production at its units in Telangana

Govt caps prices of 36 more drugs

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

Biocon gains on stake sale in research unit to Silver Leaf Oak

The stock up 2.5% at Rs 512 on National Stock Exchange.


TVS Motor: Strong on volume growth; margins a concern

The volume and market share gains can be attributed to a series of launches, especially in the second half of 2013-14

Today's picks- 22 September 2014

Nifty, Bank Nifty, Tata Motors, DLF & ITC

HC rejects Haryana's plea against Maruti

A High Court bench observed that the matter was being pursued 'to satisfy the ego of some officers' and hoped it will not be pressed further


Choppers might be allowed in commuter airline fleets

The BAOA has sought helicopters be included in the policy for promoting air connectivity to unserved and underserved destinations

Airlines asked to train crew to deal with unruly flyers

The training should enable crew to detect, defuse and handle critical situations, DGCA said

Hotel Leela recovers from day's lows

The stock has recovered from the day's low and is trading 1.5% lower at Rs 23.20 on the NSE.


Kitex Garments hits record high ahead of board meet

Broker Motilal Oswal starts with a "buy" rating and a target of Rs 651.

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


Goa mining clamp: Sesa Sterlite resigned to idling capacity

Says SC cap allows operationalising only half its ability to produce; central clearance still awaited

Coal India has so far signed 161 FSAs for a capacity of 73,675 MW

CCEA had earlier directed for coal supplies in respect of power projects worth 78,000 MW capacity

Hindustan Copper to diversify into downstream products space

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


RCF looks for partner to build fertiliser plant in Iran

The project is expected to materialise after sanctions against Iran are lifted

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


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


Govt removes 3 independent directors from ONGC board

The move follows similar sacking of directors on boards of other PSUs including IOC, MRPL, CIL, EIL

Sebi seeks fresh info on Reliance-Network 18 deal

RIL says Sebi has not asked for revision of offer price, expecting clearance soon

BPCL says no plan to tie up with private companies for retail expansion

We have enough capabilities to invest more in retail expansion, says company's Chairman and MD


Small & mid-caps on mutual funds' buy list

HDFC Mutual Fund, Reliance Mutual Fund, IDFC Mutual Fund, SBI Mutual Fund and DSP Blackrock have bought shares of mid-and-small-sized companies ...

Aegis Logistics surges 7% ahead of board meet

The board will meet today to consider and approve sale of a minority stake in one of company's subsidiary.

We'll expand here and abroad across product lines, segments: Ravi Kannan

Interview with CEO, Snowman Logistics


Beyond Business Rss icon

Inside Aladdin's cave

With its rock music, rocky caves and eclectic cuisine, Shillong promises serenity and touristy chaos, all at the same time

Movie Review: Daawat-E-Ishq is not quite a feast

With witty dialogues and adorable characters, Daawat-e-Ishq almost makes the cut, but a lopsided storyline lets it down

Commodities

Commodity
Price(Rs)
Change
(%)

26564.00
+68
+0.26

5575.00
-36
-0.64

39536.00
-90
-0.23

414.85
-5.8
-1.38

136.45
-1.6
-1.16

FEATURES

In Depth Rss icon

In spite of reverses, Anil Agarwal has big aluminium plans

The rise in global prices has made Vedanta Group embark on capacity expansion, though the uncertainty over captive bauxite mines continues

For Mamata, Right is the new Left

With BJP making inroads in Bengal and with allegations of impropriety in Saradha scam dogging her, Mamata Banerjee finds her popularity slipping

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

How Snapdeal seeks to break the clutter

Offers in unusual but high-ticket categories are supplying the portal with ways to differentiate from rivals like Flipkart

Huracan debuts at Rs 3.43 cr

The Huracan, which was launched by Lamborghini on Monday, already has 10 confirmed orders from India

Business Education Rss icon

Germany emerges among top education destinations for Indians

Better immigration rules and low cost of education big draw