MARKETS »

SC stays Rs 55-cr CCI penalty on NSE


The bourse is accused of using its dominant position to attract businesses and following unfair pricing policies

COMPANIES »

Syndicate Bank sacks arrested chairman S.K. Jain


Jain was arrested last month by CBI on charges of taking bribes

CURRENT AFFAIRS »

Chopper deal: Gautam Khaitan remanded in seven-day ED custody


Khaitan was on the board of Aeromatrix, allegedly a front company for the financial dealings

Around the world »

Philips to split off lighting business, form separate company


Says new structure will bring cost savings of 100 million euros next year

ECONOMY »

No plans to raise PDS grain supply from 5kg to 7kg: Paswan


Says increase in the subsidised foodgrain allocation will put pressure on the food subsidy bill

FINANCE »

IFC launches maiden tranche of 'Maharaja' bonds


IFC is also in talks with India to sell $2 bn in offshore rupee bonds

SME WORLD »

Akhilesh Yadav to meet industry once a month


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

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Derivatives

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Columnists

Mr Modi's choice
Mihir S Sharma

China and the United States are not just two geopolitical poles, but would expect different strategies for economic development in India

Drenched in decadent
doctrines

M J Antony

Despite Supreme Court's repeated calls, law of torts has remained static

India's 93.2% quandary
at WTO

Soumya Kanti Ghosh

As the World Trade Organisation reconvenes to re-examine the issue of agriculture subsidies, the numbers alone suggest that India has a strong ...

Secular arithmetic goes
against BJP

Subir Roy

The severe setback that the Bharatiya Janata Party (BJP) has suffered in by-elections to over half a dozen state assemblies (it made a single ...

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

Small but significant

Tax-information sharing a genuine achievement for G20

Battle of big numbers

Govt's warning of losses from coal block cancellation also too high

Financial X-ray

Cummins India: Exports key to higher growth

Muted growth likely this year on sharp rise in genset prices

Metal prices weaken on global macro factors

Rising dollar likely to put more pressure on base metal prices

BOOK REVIEWS

Wealth creation on the new Silk Road

India and China, and their supposed common geo-strategic interests may be all the rage among media analysts, but what's the practical reality of ...

What price development?

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

Andy Mukherjee

Savings swamp
Andy Mukherjee


Japan's revival faces paradox of thrift

Quentin Webb

Check it out
Quentin Webb


Tesco takeover looks less and less crazy

CompaniesRss icon

Aurobindo: Long-term benefits outweigh near-term challenges

The company's ability to manufacture limited competition, complex products from its manufacturing unit boosted prospects

Sharda Cropchem shares gain 48% over IPO price

During intra-day trade, stock had jumped as much as 75% to Rs 274

Today's picks- 23 September 2014

Nifty, Bank Nifty,Tech Mahindra,Tata Steel & ONGC


Corp Bank to take partners on board to recover KFA dues

SBI leads a 17-member consortium of lenders trying to recover dues running into over Rs 7,500 cr in principal alone from Kingfisher Airlines

IDFC appoints a new chief digital and data officer

Sriraman Jagannathan at Airtel had spearheaded launch of first mobile payments platform

Syndicate Bank sacks arrested chairman SK Jain

Jain was arrested last month by CBI on charges of taking bribes


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


Aurobindo: Long-term benefits outweigh near-term challenges

The company's ability to manufacture limited competition, complex products from its manufacturing unit boosted prospects

Venus Remedies eyes Rs 1000 crore turnover by FY18

Company is negotiating with overseas partners for out-licensing drugs

Sanofi India surges as govt withdraws NPPA's power on pricing of non-essential drugs

The stock rallied 12% to Rs 3,350 on National Stock Exchange.


Suzuki Motorcycle expects two-wheeler sales to reach 1 mn units in three years

Company looking at leveraging Maruti Suzuki's market presence for growth

M&M dips after Credit Suisse downgrades the stock

Shares of M&M lost 1.5% to Rs 1,355 after Credit Suisse downgraded the stock to "neutral" from "outperform"

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


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.


Cummins India: Exports key to higher growth

Muted growth likely this year on sharp rise in genset prices

Bhel to build two power plants in Telangana

The plants will be coming up at Kothagudem and Manuguru

Airbus eyes stake in GMR's maintenance unit

Deal will help GMR to raise cash as a part of its asset light strategy and would enable Airbus to fulfill its commitment of developing a MRO in ...


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


Today's picks- 23 September 2014

Nifty, Bank Nifty,Tech Mahindra,Tata Steel & ONGC

RIL gas output from KG-D6 likely to improve: UBS

Says company's KG-D6 gas output is likely to improve to 15 million standard cubic meters per day by second half of current fiscal

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


ABG Shipyard employees will have to wait longer to get their dues

Company to divert majority of Rs 1,300 crore working capital loan towards executing orders

Bharti Shipyard jumps on sale of non-core asset

The company said, its lenders, under the CDR mechanism, have sold the wind mill business

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 ...


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
(%)

26653.00
+65
+0.24

5644.00
+67
+1.2

39502.00
-71
-0.18

414.25
-0.75
-0.18

137.45
+0.95
+0.7

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