MARKETS »

Markets end higher led by metals; Sesa Sterlite up 4%


Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms

COMPANIES »

IVRCL to retire Rs 2,500-cr debt by March 2015


IVRCL will complete divestment of 3 BOT road projects, desalination plant by March

AIRASIA PLANE TRAGEDY »

Australian plane spots objects in sea in AirAsia search area


But official says not sure if the objects are part of the missing plane

ECONOMY »

FDI in India jumps 25% in Apr-Oct FY14: Nirmala


Says improvement in the macroeconomic situation and investor sentiment helped attract higher FDI

AROUND THE WORLD »

Death toll from Greek ferry fire now at five


A ferry carrying 500 people caught fire off the Greek island of Corfu, trapping passengers on the top decks as gale-force winds and choppy seas ...

Bengaluru Blast

CURRENT AFFAIRS »

A day after blast, Church Street robbed of festive spirit


On Sunday night a low-intensity bomb exploded killing one person and injuring others

THE STRATEGIST »

Winning in a slow-growth economy


A good way to navigate a downturn is to take 'slow in, fast out' approach. Smart firms set up early warning systems, which help them plan better

BS Poll

Who should the PDP form the J&K government with?

BJP  
Congress  
NC  

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Derivatives

Opinion Rss icon

Columnists

Tipping points and
Goldilocks conditions

Subir Gokarn

A growth spurt requires many positive factors to converge, implying time and uncertainties

What Narendra Modi won't
ask bankers

Debashis Basu

Mr Modi is scheduled to interact with bankers on second day of retreat for banks branded 'Gyan Sangam' in Pune on January 2-3

Facing the fiscal rites
of passage

A K Bhattacharya

The govt might have zeroed in on a strategy to deal with politically difficult reforms but it will face a big question on its fiscal policy

The road to a slow
recovery

Devangshu Datta

2015 could be a good year for India if the Budget hits the right spot and key reform Bills are transmuted into Acts

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

The institutional gap

Transforming institutions key to India's development

A remarkable bull run

But what do the markets expect from 2015?

Financial X-ray

Yes Bank: NIMs to expand 15-20 bps in FY16

Focus on retail franchise and fall in cost of funds to drive earnings growth

Order boost, inhaler sales key triggers for Cipla

Street to keep an eye on margin improvement and launch of combination inhalers

BOOK REVIEWS

West Asia's lost minorities

Gerard Russell in his new book chronicles emergence religious minorities that have been overshadowed by Judaism, Christianity and Islam

How Sachin created a cricket humourist

Vikram Sathaye shares his experiences from his time spent with the Indian team as a sort of unofficial groupie

Daniel Indiviglio

Home run
Daniel Indiviglio


US housing demand is building

Martin Hutchinson

Geek's gold
Martin Hutchinson


Bitcoin's defects will hasten its demise in 2015

CompaniesRss icon

Torrent Pharma: Elder portfolio boosts prospects

Investors have been buying the scrip due to strong growth in the US fuelled by a series of generic launches

HUL: Earnings upgrade kicks off as input costs dip & demand stays strong

Analysts are bullish again on the stock as there is potential for strong growth in several categories

Aban Offshore shares jump 17%

Rating agency Care revised rating of Aban's bank facilities from D to BB-


ING Vysya Bank employees to strike on Jan 7

Employees will demand job security after the merger with Kotak Mahindra Bank

40 years ago...And now: SBI and the big bank theory

Despite taking the initiative in several areas, the country's biggest bank does not meet the aspirational needs of the younger generation. Work ...

Ordinance boost: RCap eyes foreign funds in insurance ventures

Reliance Capital will soon begin active discussions for Japanese giant Nippon Life hiking its stake in Reliance Life Insurance Company


Airtel halts launch of VoIP packs

Move follows reports suggesting Trai will float a consultation paper on over-the-top players

DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators

Spice Mobility rallies 20% on voluntarily delisting plan

The board will meet on January 02, 2015, to consider the proposal received from the promoter to voluntarily delist the equity shares of the ...


Chennai-based group eyes legal recourse against TCS' pink slips

Says more than 120 who lost jobs have approached it; TCS says workforce optimisation leads to some involuntary attrition, nothing out of

Bringing a cultural shift to Infosys is biggest challenge in 2015: Sikka

CEO Sikka says Infosys will be a services company that uses software in a big way; says will get IT services industry to focus more on ...

Zensar signs three deals in IM space worth $12mn

To expand in Europe;looking for acquisition in Germany


Torrent Pharma: Elder portfolio boosts prospects

Investors have been buying the scrip due to strong growth in the US fuelled by a series of generic launches

Elder Health Care surges on talks of launching skincare products

The stock rallied 16% to Rs 59 on BSE.

Torrent Pharma: Acquired Elder portfolio accruing benefits

The acquisition of portfolio an year ago that was looked with skepticism raising concerns on debt, margins etc now is driving margins and ...


TVS Motor: The dark horse

TVS Motor isn't the traditional 'uncle' brand anymore. A look at the company's endeavours in its fight for greater relevance and market share

Cyrus Mistry's to-fix list remains formidable

Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman

Tata Motors rolls out 123 AC buses for Ahmedabad Janmarg

New buses in addition to the order bagged by the company for 3,200 buses under the JNNURM - phase II scheme


IVRCL to retire Rs 2,500-cr debt by March 2015

IVRCL will complete divestment of 3 BOT road projects, desalination plant by March

DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators

HDIL gains as court grants relief against FIR for SRA project

The company was granted ad-interim relief by the Bombay High Court after it challenged the F.I.R with regards to a SRA project in suburban


Kingfisher says declared wilful defaulter for not paying Rs 7.5 crore

Blames SBI for not releasing funds from its account to UBI

Funds raised via IPOs in 2014 set to be lowest in over a decade

The Rs 1,201 crore raised collectively by five companies in 2014 is the lowest since 13 companies' Rs 296 crore via IPOs in 2001

Ajay Singh: Forty companies, a dispute and some defaults

SpiceJet's saviour has interests across sectors; some of those could come under scrutiny. Business Standard explores


L&T Hydrocarbon bags Rs 894 cr offshore contract from ONGC

The contract includes to improve recovery factor of Vasai East field where production started in 2008, and it is scheduled to be completed by ...

L&T gains on winning contract of Rs 894 crore from ONGC

The stock up nearly 1% on NSE after the company said it has bagged an offshore contract valued at Rs 894 crore from the ONGC.

VA Tech Wabag gains on Rs 172 crore order win in Philippines

The stock up 3% at Rs 1,560 on NSE.


Iron ore shortage to impact profitability: Tata Steel

Raw material crunch has cropped up suspension of operations in a mine in Jharkhand and four mines in Odisha

JSPL opposes change in end use norms of coal

Coal Ministry has earmarked 101 coal blocks for e-auction including 18 blocks in Odisha

Coal block auction: CIL seeks clarity on three mines

These three blocks figure in the 'Schedule I' list of those coal mines, which are being auctioned afresh


Tata Chemicals to target FMCG market

TCL is going through a restructuring programme to prune its debt

Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India


Funds raised via IPOs in 2014 set to be lowest in over a decade

The Rs 1,201 crore raised collectively by five companies in 2014 is the lowest since 13 companies' Rs 296 crore via IPOs in 2001

Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry


Aban Offshore shares jump 17%

Rating agency Care revised rating of Aban's bank facilities from D to BB-

L&T Hydrocarbon bags Rs 894 cr offshore contract from ONGC

The contract includes to improve recovery factor of Vasai East field where production started in 2008, and it is scheduled to be completed by ...

DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators


Gujarat Pipavav hits record high; zooms over 200% in 2014

so far in the current calendar year 2014, the stock zoomed 216% compared to 31% rise in the benchmark CNX Nifty.

Career Point surges on signing MOU with Rajasthan government

The stock surged 10% to Rs 149 on BSE.

Funds raised via IPOs in 2014 set to be lowest in over a decade

The Rs 1,201 crore raised collectively by five companies in 2014 is the lowest since 13 companies' Rs 296 crore via IPOs in 2001


Commodities

Commodity
Price(Rs)
Change
(%)

26976.00
-97
-0.36

3552.00
+5
+0.14

37134.00
-181
-0.49

401.15
+0.7
+0.17

196.30
+0.3
+0.15

FEATURES

In Depth Rss icon

Can India crack the Russian market?

Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport

Foxconn workers wait for a ray of hope in new year

As company suspends operations, about 1,700 workers are staring at bleak future, pinning hopes on the next round of talks with mgmt

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

Nick's toons revel in telefilms

Besides extending its original Indian characters to merchandise and on-ground events, Viacom18 is stepping up telefilms based on these

More than Being Human

The brand's licence-holder, Mandhana Retail, eyes a bigger play in licensed brands and extensions

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