MARKETS »

Markets near two-week lows; Nifty slips below 8,000


Markets were trading near two-week lows on caution ahead of the US Fed meet later today

COMPANIES »

GMR to raise Rs 1,500 crore through Rights Issue


Gearing to drop to 2.7 times as networth to be shored upto Rs 14,000 crore

ECONOMY »

Oil cos hold 35 paisa cut in diesel, 55 paise hike in petrol


This is perhaps the first time that retail prices in India are higher than global rates

Around the world »

Alibaba boosts IPO as demand strengthens


Raises IPO price range to $66 to $68; to now raise almost $22 bn at the top of the new IPO range

CURRENT AFFAIRS »

Andhra's rich chase Vijayawada realty


Look at reaping the first-mover advantage by possessing lands in AP's newly-announced capital city

PERSONAL FINANCE »

Have some exposure to aggressive debt funds


Schemes that invest in lower-rate papers are like mid-cap funds in the equity space

FINANCE »

Robust review before PSU bank chiefs are selected


Previous govt had selected some for appointment in PSBs to replace many CMDs EDs due for retirement in 2014-15

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Columnists

The India-Pakistan
phenomenon - ready for
economic deconstruction

Agnikalam

Fully free trade with Pakistan will hopefully abate its relentless compulsions for attack

Big Brother & the Indian
law

Kanchun Kaushal & Rajesh Haldipur

Technology has changed notions of privacy and our laws of evidence and criminal and civil procedure codes need to be updated to account for this

Sweetheart deals that
hurt consumers

Vaibhav Choukse

In spite of globalisation, our health care sector is prey to underfunding, bad governance and lack of implementation of policies

Kashmir floods: Army
gains where media fails

Ajai Shukla

The stage on which this disaster played out is littered with protagonists, most of whom did not receive the attention they deserve

BLOGS


Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

EDITORIAL COMMENT

Mr Xi and Mr Modi

What to keep in mind as the two leaders meet

Innovate upwards

How to escape the middle-income trap

Financial X-ray

Divergent monetary policies positive for India

Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar

Voltas: EMP revival to boost prospects

As cooling segment drives growth, turnaround in electro-mechanical business will boost earnings

BOOK REVIEWS

Global warning

Political Order and Political Decay, taking the reader on a whirlwind tour of modern development from French Revolution to the present

The stormy life of an ex-jihadi

The global war against Al-Qaeda is being fought by the Americans - and the Americans alone

Swaha Pattanaik

Bad sequel
Swaha Pattanaik


'Hike huff' could disrupt markets

John Foley

Bread and circuses
John Foley


China data divide real and economic worlds

CompaniesRss icon

Mid, Small-cap stocks tank on profit booking

Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals and Marksans Pharma from small-cap index plunged more than 10% each.

SBI cuts interest rate on medium term deposits

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

ONGC dips 9% in one week after government announces divestment plan

Coal India and NHPC too declined 7% each since the divestment plan announced.


SBI cuts interest rate on medium term deposits

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

Muthoot Fincorp floats second NCD issue

The NCDs have face value of Rs 1,000 each

IndusInd Bank cuts interest rate on savings accounts

The reduction in interest rate came into effect from September 1


DoT moves SC against TDSAT verdict on 3G roaming

The tribunal had overturned a govt ban on offering 3G mobile services beyond their licensed zones through roaming pacts

BSNL to offer free calls for a week in Kashmir

Except Poonch, mobile services are either substantially or partially restored in all parts of the valley

Bharti Airtel launches 3G network in African nation Tchad

Tchad with this launch has become the 16th 3G market of the company in Africa


Persistent Systems rises on plans to invest in Altizon

Persistent Systems plans to invest US$100,000 in equity shares of Altizon in one or more tranches

Mastek zooms 25% in two days on demerger plan

The company on Monday announced the demerger of its insurance products and services business into a new company called Majesco.

Mastek's demerging entities to acquire companies in UK, US

Company board okays demerger of insurance products, solutions businesses


Venus Remedies tanks on profit bookings

The stock tanked 12% after surged 36% in past nine trading sessions.

We're not always at loggerheads with innovator companies: Denis Broun

Interview with Global Director for Access and Public Affairs, Cipla Global

Drug makers sign pact with Gilead for cheaper Hepatitis-C drug

The generic drug manufacturing firms will be free to price their products but will have to pay a royalty of 7% on sales to Gilead


Tata Motors declines on weak global sales

Tata Motors dipped 1% after global wholesales in August 2014 stood at 73,524 units showing a declination of 10%

1% of group's profit will go to education work: Mahindra

Anand Mahindra has said that out of the 2% required CSR, the company will concentrate on education the most

Exide: Charged to gain from revival

Increasing auto volumes, focus on replacement segment and lower lead prices to help improve utilisation and margins


NCC's Rs 600 cr rights issue to open on Sep 29

ICICI Securities and SBI Capital Markets are lead managers to the issue

Cash-strapped discoms, lack of political will impede 24x7 power supply plan

The Centre's FRP required the states to meet the criteria of considerable rate hike and measures to cut losses on their account books

Despite bumpy ride in India, Tata Power finds success abroad

Company developing 2,600 Mw abroad when 8,000 Mw projects in India are not progressing


Cox and Kings hits new high on fund raising plans

The stock was up 6% to Rs 333, extending its previous day's 5% rally on National Stock Exchange.

Air India to axe more loss-making routes

To reduce those not even meeting variable costs to 19% of network by March, from 38% five months ago

Jet Airways drops business class fares

Vistara, the Tata-Singapore Airlines' JV, is expected to launch operations by next month-end and will compete with Jet Airways for corporate ...


GMR to raise Rs 1,500 crore through Rights Issue

Gearing to drop to 2.7 times as networth to be shored upto Rs 14,000 crore

Fund-raising via QIPs nears record high

So far this year, 20 firms have raised Rs 28,078 cr through this route, the highest since 2009

BHEL to develop 20 Mw solar power plant

Solar plant at Manamunda will be set up over 100 acres of land entailing an investment of about Rs 150 cr


Future Retail gains as MSA (Singapore) acquires stake

MSA (Singapore) acquired over 26 lakh shares of Future Retail at Rs 120.18/share

Market rally rejigs cement, pharma pecking order

Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs

Retailers seek higher foreign funding cap

Say capital crunch will ease if foreign portfolio investors are allowed to invest more


Mid, Small-cap stocks tank on profit booking

Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals and Marksans Pharma from small-cap index plunged more than 10% each.

Jharkhand govt shuts 5 Hindalco bauxite mines

SAIL, Tata Steel earnings to fall due to Jharkhand mine closure

Today's picks- 16 September 2014

Nifty, Bank Nifty, Lupin, Jindal Steep & Power & Coal India


Competition watchdog clears Zuari's open offer for MCF

Zuari entities' Rs 211-cr offer for 26% stake in MCFL is supported by the existing promoters and would be "a competing open offer" to Deepak ...

Zydus Cadila sets Rs 10,000 cr sales target by FY16

Ahmedabad-based company has planned a capital expenditure of Rs 450 cr this fiscal

S&P BSE Midcap index crosses 10,000-mark after six years

Symphony, PI Industries, Ajanta Pharma, TTK Presitage, Kajaria Ceramics and Astral Poly Technik rose over ten-fold during the period.


ONGC dips 9% in one week after government announces divestment plan

Coal India and NHPC too declined 7% each since the divestment plan announced.

RIL to re-open fuel outlets

Trying to woo its retailers back; has offered a higher commission to dealers

Coal bed methane extraction: New hitch for ONGC plan

Barely a year after it acquired an interest in four of these blocks, Australia's Dart decides to exit all of them


CARE hits record high on special dividend of Rs 65 per share

The aforesaid special dividend will be paid to the shareholders on or before October 14, 2014

MCX gains as CCI clears Kotak's 15% stake buy

Meanwhile, the Sebi on Monday renewed MCX-SX license for a tenure of one year with caveats.

Fund-raising via QIPs nears record high

So far this year, 20 firms have raised Rs 28,078 cr through this route, the highest since 2009


Beyond Business Rss icon

Bling it on

Four style gurus have decided to expand their repertoire and conquer another bastion of design - jewellery

Battles of the mind

Bobby Fischer's face-off with Boris Spassky wasn't just about chess. Pawn Sacrifice tries to capture the turmoil in the American grandmaster's ...

Commodities

Commodity
Price(Rs)
Change
(%)

27034.00
+35
+0.13

5662.00
-5
-0.09

41557.00
+157
+0.38

239.80
-0.4
-0.17

421.95
-0.35
-0.08

FEATURES

In Depth Rss icon

For car makers, it's not a full turnaround yet

Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear

Builders' delaying tactics force flat buyers to take legal action

With dissatisfied apartment buyers increasingly seeking legal redress for possession delays, real estate companies are being forced to take heed

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

Aamir Khan

Time for Satyamev's results

Star Plus' social issues show looks at ways to become a people's brand for the next set of viewers

Why time ran out for HMT

Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share

Business Education Rss icon

Companies move away from campus, get closer to students

Companies are moving closer to students to gauge their personal interests, abilities before hiring them