MARKETS »

Nifty ends above 8,250; ICICI Bank jumps 8%, Maruti Suzuki up 5%


The auto and banking indices surged by more than 2% each, with ICICI Bank and Maruti Suzuki leading the gains

COMPANIES »

Wockhardt to recall drugs from plants with US import alert


Shares tank around 7% on the BSE; stock had closed 18% down yesterday

CURRENT AFFAIRS »

Jethmalani hits out at FM, Shah on black money


Asks Jaitley why the govt not keen to avail of German offer to share info on offshore accounts

ECONOMY AND POLICY »

India's economy to grow 7.5% in FY16 and 8% by FY18: World Bank


Warns of external headwinds

AROUND THE GLOBE »

Baltimore: A burning city amid protests for justice


What started as peaceful protests days ago turned violent, with stores being looted, rocks being thrown at police and buildings and cars set on ...

Volunteers help with rescue work at the site of a building that collapsed after an earthquake in Kathmandu, Nepal

EARTHQUAKE JOLTS NEPAL »

Quake toll over 4,350; Nepal PM says rescue ops not effective


There is acute shortage of food, water, electricity and medicines; fear of another quake keeps people out in the open

FINANCE »

RBI to retain powers to regulate government bonds: Sinha


Says confident of managing inflation despite prospects of sub-par monsoon

BS Poll

Arun Jaitley wants to tone down the anti-corruption law in order to boost economic growth. Would that be a wise move?

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Columnists

Generals, quotas damage
the army

Ajai Shukla

A soldier cannot justifiably demand faster, easier promotions based on frequent field tenures

Kissa kisan ka - Evading
blame for rural distress

Sreenivasan Jain

Events after a farmer's suicide at an AAP rally encapsulate the state of public discourse on Indian agriculture

Digital disruption is
already upon us

Indrajit Gupta

Lack of conviction prevents top executives from investing in the digital world

As boardroom struggle
ends, Volkswagen looks
to the future

Jack Ewing

Ferdinand Piëch's departure resolves an internal power struggle at Volkswagen but not the formidable challenges that the automaker faces

BLOGS


Remembering passwords, a pain!

Like it or not, passwords control you, not the other way round; and they're only increasing in number

Can getting an ATM PIN cost you Rs 300? It's possible!

It can if your debit card belongs to a PSU bank

EDITORIAL COMMENT

Easy tax reform

Need to reduce scrutiny period for tax claims

India commits to phasing out HFCs

How the US pressed India into changing its stance on refrigerants

Financial X-ray

Maruti: Currency gains, lower costs drive PAT growth

Margins hit historic high of 16% in Q4; volume pick-up in FY16 would help sustain some of the gains

ICICI Bank: Asset quality stress bottoming?

Even as the headline asset quality ratios have risen, net additions to stressed loans have moderated

BOOK REVIEWS

Cheques for the Clintons

Clinton Cash is proving the most anticipated and feared book of a presidential cycle still in its infancy

Living through civil war

The book is a remarkable work of narrative non-fiction born of five years of reportage by a political journalist

John Foley

Forged in froth
John Foley


China's frothy markets churn up funding opportunity

Andy Mukherjee

A shy beginning
Andy Mukherjee


India retirees' stocks push lacks Japan's zeal

CompaniesRss icon

Cement demand to pick up by second half fiscal 2016: O P Puranmalka

Interview with CEO, UltraTech Cement

Nifty ends above 8,250; ICICI Bank jumps 8%, Maruti Suzuki up 5%

The auto and banking indices surged by more than 2% each, with ICICI Bank and Maruti Suzuki leading the gains

Markets snap three-day losing streak; Sensex rises 154 points

The 30-share Sensex provisionally ended up 154 points at 27,331 and the 50-share Nifty ended up 51 points at 8,265.


Godrej Consumer Q4 net up 12% at Rs 266 crore

Net sales up 8.24% at Rs 2,082.61 crore; full year profit up 19.4% at Rs 907.12 cr

Mallya did not disclose USL loans to UB earlier: Diageo

Diageo spokesperson refutes Mallya's claim that all loan exposures were disclosed to Diageo during the due-diligence process

PwC finds itself in middle of USL-Mallya crossfire

The discrepancies in the auditor's reports of pre-2011 and post-2011 periods is under scrutiny


Nifty ends above 8,250; ICICI Bank jumps 8%, Maruti Suzuki up 5%

The auto and banking indices surged by more than 2% each, with ICICI Bank and Maruti Suzuki leading the gains

Markets snap three-day losing streak; Sensex rises 154 points

The 30-share Sensex provisionally ended up 154 points at 27,331 and the 50-share Nifty ended up 51 points at 8,265.

Bank of India to raise $750 mn through bonds

Bank had earlier deferred plans to raise the amount due to adequate liquidity brought on by slow credit growth


Reliance Communications gains on raising $300 million

The Senior Secured Notes with a tenure of 5 1/2 years due in 2020 carry a coupon rate of 6.5% per annum, payable semi annually

Reliance Communications raises $300 million

The tenure of these are 5.5 years and the coupon rate is 6.5 per cent

Today's picks- 27 April 2015

Nifty, Bank Nifty, Cairn & Bharti Airtel


Geometric slips on weak Q4 results

The stock slipped 11% to Rs 127 after reporting 80% QoQ decline in consolidated net profit at Rs 3.29 crore in March quarter.

How achievable is Infosys' FY20 vision?

While some analysts are optimistic, others believe the targets are ambitious

Happiest Minds crosses $50 mn revenue run rate

Ashok Soota-founded firm says, it could become fastest Indian IT services firm to touch $100 mn in revenues


Nifty ends above 8,250; ICICI Bank jumps 8%, Maruti Suzuki up 5%

The auto and banking indices surged by more than 2% each, with ICICI Bank and Maruti Suzuki leading the gains

Maruti Suzuki hits lifetime high on strong Q4 performance

The stock moved higher by nearly 5% to Rs 3,815, extending its previous day's 3% gain on the NSE.

Maruti net up 60% in Q4, annual profit best

For the March quarter of 2013-14, net profit stood at Rs 800 crore; for 2013-14, profit stood at Rs 2,783.05 crore


RPower terminates PPA for 3,960 Mw Tilaiya UMPP in Jharkhand

JIPL had signed a Power Purchase Agreement (PPA) with 18 power off-takers in 10 states for 25 years

Varun Shipping writes to Sebi clarifying stance on dividend payment

Company says it has paid total Rs 4.56 cr towards dividend payment apart from Rs 500,000 penalty

Bharti Infratel Q4 profit increases 18% to Rs 558 cr

Company's consolidated revenues grew 6% to Rs 2,947 cr for fourth quarter 2014-15


AirAsia follows Vistara's foosteps, will add flights from Delhi

The carrier is exploring flights to Imphal, Kolkata, Lucknow, Raipur and Pune from its soon to be launched Delhi hub

SpiceJet's new offer: Travel with hand baggage and fly for just Rs 999

150,000 tickets on offer for travel between July 1-October 15, 2015

Bengal Aerotropolis Projects gets DGCA nod for airport

Pinnacle Air will connect Andal and Cooch Behar with Kolkata, GoAir and Indigo likely to start Delhi-Durgapur flights


Welspun Corp zooms 20% on robust Q4 results

The company reported a consolidated net profit at Rs 144 crore in March quarter against Rs 12.62 crore in a year ago quarter.

Vedanta eyeing minority stake in Electrosteel Steels

Electrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than Rs 6,000 crore

LED market bullish on high adoption ratio

Rise in adoption on back of strong push towards sustainable lighting solutions


Low raw material prices boost ice cream makers' margins

Consumers too get relief from hike in prices

India plans to set up urea plant in Iran: Govt

RCF, GSFC and GNFC appoint SBI Caps for advisory and due diligence services to find an Iranian JV partner

Rallis: Growing seed, agrochemical portfolio provides zing

While seeds business continues to do well and new agrochem products should drive growth and margins, a weak monsoon could take away some sheen


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

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

Today's picks- 23 April 2015

Nifty, Bank Nifty, Tech Mahindra, Cairn India & Zee Entertainment

Dish TV: Strong signals

The company is on course to improving profitability but any move to expand smaller recharge options to subsidise set-top box charges by ...


Can Jio lift RIL's earnings and stock performance?

Analysts say odds are against it given its aggressive capex & the struggle of incumbent telecom operators

Today's picks- 27 April 2015

Nifty, Bank Nifty, Cairn & Bharti Airtel

Reduce LNG price to match global slump, India tells Qatar

Qatar LNG is priced at $13 per mBtu as compared to $6-7 at which it is available in the spot market


Technology Rss icon

Facebook launches video calling in its Messenger app

The feature has not been launched in India yet

Nexus 6: The six commandments

Big, better, bulkier. Read on to find out if this should be in your pocket, that is, if ...

Google's Business View boosts online presence of SMEs

Google Business View is a tool that helps a business improve its online presence

Xiaomi launches tailored Mi4i for Indian market

Low-cost version for India priced at Rs 12,999, has a plastic body

Beyond Business Rss icon

The dancer and the dance

Choreographer Ashley Lobo has started a contemporary dance repertory company, Navdhara India Dance Theatre

To build a world class university in Noida

Shiv Nadar University is pulling out all stops to attract teaching talent from the US, but will it be enough

Commodities

Commodity
Price(Rs)
Change
(%)

26987.00
-96
-0.35

3607.00
-4
-0.11

37065.00
-83
-0.22

385.05
-2.6
-0.67

159.10
-1.2
-0.75

FEATURES

In Depth Rss icon

Godrej on buyout mode in Africa

Godrej Consumer Products, the Adi Godrej flagship, has done five acquisitions to expand its business in Africa

Museum of neglect

The Crafts Museum in Delhi, one of the largest in India, is crumbling. What it needs is restoration, not uncertainty over its future

Start-ups

Food logistics start-up Grab raises $1 million

Funds to support its growth, expansion in Pune

Brand World Rss icon

Renault hopes to turn the corner with compact car

The French firm wants to treble its market share in India by 2016-end with the help of its first sub-Rs 4 lakh car, and utility vehicle, Lodgy

Brand visibility top task for CG consumer arm's owners

Crompton spent just 3% of revenue on ads and promotions compared to Havells' 9% and TTK's 12%