COMPANIES »

Wipro, HCL Tech outshine TCS and Infy in March quarter


Both firms have posted higher revenue and earnings growth to end TCS' streak of industry-leading performance of the past few quarters

ECONOMY »

Ban on foreign portfolio investors in defence retained


DIPP has clarified if FPIs held shares in firms licensed to manufacture defence equipment, their investments would be capped at that level

CURRENT AFFAIRS »

New navy chief: Avoiding mishaps top priority


We have effective safety audits and strict procedures in place to ensure that accidents don't happen, adds Navy Chief Admiral Robin Dhowan

AROUND THE GLOBE »

Profit, revenue slip at IBM


Hardware sales fall, layoff costs rise

MARKETS »

India Inc's m-cap nears record


Just 3% lower than the all-time peak seen in Nov 2010; IT and consumption-oriented firms move up the list

TAKE TWO »

The man who reined in Bengal's books


From tackling inherited debt to managing TMC's populist policies, Amit Mitra has worked adroitly to bring Bengal's finances back on track

FINANCE »

Govt auction: Bonds bank on insurers to sail through


Offer fully subscribed; yields soften

OPINION »

COLUMNIST »


Jaimini Bhagwati: Are stock prices inflated?

Despite what partisan fund managers are projecting, the rise in the Indian equity market has to be evaluated carefully

Editorial Comment »


Zero tolerance

Govt should prevent construction of illegal floors and buildings

Elections 2014 »


'Nitish has done a lot, but why waste my vote?'

We hit the road to gauge the electoral mood in Bihar, where many believe Nitish's golden run at the hustings may be about to end


BRAND WORLD »


Will Pond's for men find enough takers?

HUL's reported plans to extend the brand to men's grooming could face hurdles in attracting men in masstige segment

WEEKEND SPECIAL »


The lost spirit of Dilli Haat

The marketplace is losing its sheen with complaints of rampant commercialisation and dubious quality of wares


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Derivatives

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Columnists

Are stock prices
inflated?

Jaimini Bhagwati

Despite what partisan fund managers are projecting, the rise in the Indian equity market has to be evaluated carefully

'Neat and clean'
innovation

R Gopalakrishnan

The idea of sanitation has raised many challenges down the years

The weakest link in
development lending

Joe Athialy

The World Bank and ADB's internal accountability mechanisms sometimes violate their own guidelines and policies on project lending

Burning money
Jamal Mecklai

The entire next election should not cost much over Rs 1,000 cr, a far, far cry from today's foolish – indeed, sinful – burning of money

BLOGS


Where is Mrs Modi, Mr Modi?
Jyoti Mukul

It is not important to have a regular guy for a PM, but, it is important to know the psyche of a person

United bow out
Nitin Sreedhar

The defending champions of England lose out to the defending champions of Europe

Editorial Comment

Zero tolerance

Govt should prevent construction of illegal floors and buildings

A new hope

New climate report means big changes to future agreements

Financial X-ray

Earnings upgrade cycle for HCL Technologies to continue

Broad-based growth across service lines to boost revenue growth

Inflation unlikely to moderate significantly in 2014-15

RBI might retain rates at current levels, upside risks to inflation rise

BOOK REVIEWS

Disruption as a political agenda

The Disrupter gets you thinking more carefully about the churning that is happening around us and of which the AAP is a catalyst

JFK's burnished legacy

Martin W Sandler has carefully skirted the many titillating stories about Kennedy's amorous liaisons and adulterous escapades

Robert Cyran

Smaller blue
Robert Cyran


Top line shrinkage catches up with IBM

Swaha Pattanaik

Receding tide
Swaha Pattanaik


Fine global monetary ideals clash with reality

CompaniesRss icon

TCS' 300,000-strong workforce to get 55,000 new members this year

Firm hired 2,000 employees locally in US last year; filed 11,000 H1-B visa applications for FY15

HCL Tech beats Street with broad-based growth

Net profit rises 59%; company says pipeline robust, demand strong

'SpiceJet needs Rs 1,200-cr infusion'

The need for more funds comes at a time when the airline is expected to post losses of around Rs 1,000 crore in 2013-14


Radico Khaitan extends fall, hits 7-month low

In past five trading sessions, the stock has declined 20% as compared to 1.5% decline in benchmark CNX Nifty.

Diageo to spend Rs 11,448 cr for another 26% in USL

At Rs 3,030 a share, offers 20% premium to average 60-day stock price

Good time for short-term investors to exit USL

Diageo's open offer is at an attractive valuation & factors in most of the near-term earnings upsides; however, those in for the long term ...


MSCI rejig worries weigh on HDFC Bank stock

As of March 31, FII holding was 34%, against 34.9% in the previous quarter

Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

FII stake in ICICI Bank hits 6-year high

FIIs increased their stake in ICICI Bank to 39.85% in the March 2014 quarter from 38.39% in the quarter ended December 2013.


Airtel tech head Jagbir Singh quits; Savargaonkar to take over

Singh was a member of the Airtel management board and director of the Network Services Group

Bharti Airtel CTO Jagbir Singh quits, Abhay Savargaonkar to take over

Company's regulatory and legal head Jyoti Pawar had also quit the company last month

KKR, Blackstone eye stake in Idea

Private equity giants bidding for a total of 8% in India's third-largest telecom operator by subscriber base


Piramal, Shriram & Sanlam to create fin services powerhouse

Three partners to have equal stakes in Shriram Capital in future; TPG would have exited had it not been for rupee depreciation

Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

GlaxoSmithKline Pharma Q1 net dips 43%

Company had registered a net profit of Rs 169.01 crore during the same period last year


PGCIL gets Stage-I forest nod for transmission line

The forest land is to be diverted in Angul, Athmallik, Rairakhol and Sambalpur to make way for PGCIL's transmission line

Commissioning of NTPC's Koldam project may get delayed

The delay may amount to a loss of Rs 150 crore to Himachal Pradesh govt

Tata Power plans to add 646.7 MW from clean energy sources

Company plans to increase its renewable energy capacity by about 71%


'SpiceJet needs Rs 1,200-cr infusion'

The need for more funds comes at a time when the airline is expected to post losses of around Rs 1,000 crore in 2013-14

SpiceJet supports SunRisers Hyderabad

It is also the official airline partner for the team

SpiceJet sale in western markets

Discounts offered to flyers from Maharashtra, Goa and Gujarat


Hopes rise for Crompton Greaves amid stake-sale rumours

Rise in the stock price to a media report some time back that Gautam Thapar who owns a 42.51% stake, was looking for buyers for his flagship ...

Today's picks

Nifty, Bank Nifty, BHEL & Infosys

Crompton Greaves hits 33-month high on report of Hitachi eyeing stake

Since March 14, 2014, the stock has rallied 33% from Rs 142 compared to 3.3% rise in benchmark S&P BSE Sensex.


Analysts' corner

India Cements' stand-alone return ratios have remained subdued over the years due to weak profitability

Odisha seeks MoEF nod for Nalco's slurry pipeline

Wants to lay a slurry pipeline from its CPP at Angul to Bharatpur South coal block of MCL

Future Retail extends rally on talk of acquiring Nilgiris

The stock has rallied nearly 30% in past two trading sessions on back of heavy volumes.


Coal India awaiting more triggers

Analysts expect it to raise prices this quarter to offset rising costs; faster clearances seen for project plans but output rise still seen as a ...

JSW Steel takes a brief pause

Though the company's outlook remains strong, concern on steel prices and demand adds to near-term challenges

Today's picks

Nifty, Bank Nifty, Jindal Steel and Power, DLF & TCS


Jubilant FoodWorks gain as RBI allows hike in FII limit

The Reserve Bank of India said that foreign institutional investors would be able to purchase up to 55% of the paid-up capital in the company.

Clearance delays push RCF's project cost by Rs 500 cr

Sources added that only last year the project got pre-Public investment Board clearance and presently it is stuck at the PIB level

Deepak Fertilizers in expansion mode

Company is planning to set up a new facility at Paradip in Odisha


Govt seeks legal help on KG-D6 arbitration

The ministry has asked law officers if the notices issued by BP and Niko are in accordance with the provisions of the production sharing ...

AAP writes to EC on Essar Oil matter

Alleges the UPA govt of violation of the model code of conduct by pushing cabinet notes to help Essar Oil

RIL denies it got favours from govt

Says CAG report on KG basin oil fields 'inquisitorial' and based on 'incomplete information'


Gujarat-based stocks in focus

Adani Enterprises, Gujarat Gas, Adani Ports, Adani Power, Gujarat State Petronet, GMDC and Gujarat Pipavav are up 2-12% on the BSE.

MCX hits three month high

In the past one week, the stock has rallied nearly 17% from Rs 513 on April 7, 2014 compared to 0.63% rise in CNX Nifty.

BSE Mid, Small-Cap indices hit 15-month high

In the past one month, both the S&P BSE mid-cap and small-cap indices have outperformed the market by surging 10% and 13% respectively, as ...


Economy Rss icon

Inflation, fiscal deficit concerns for next govt: IMF

Country rep finds lack of social consensus on economic growth, even as number of youths without meaningful jobs is swelling

Personal Finance

Use yield spikes to buy into gilt funds

Gilt funds as a category are more sensitive to interest-rate movements in the market. Hence, these might show higher volatility

Beyond Business Rss icon

The upside of failure: Success

Scott Adams, the creator of Dilbert, charts how to fail your way to success in a new book with entertaining anecdotes from his own life

Eclectic escapes

From the beaches of Thailand to the highlands of Peru, the authors list destinations you can visit to get away from the sweltering Indian summer

Commodities

Commodity
Price(Rs)
Change
(%)

28532.00
-57
-0.2

6287.00
+37
+0.59

42402.00
-14
-0.03

285.40
+11
+4.01

407.80
+3.1
+0.77

FEATURES

In Depth Rss icon

The man who reined in Bengal's books

From tackling inherited debt to managing TMC's populist policies, Amit Mitra has worked adroitly to bring Bengal's finances back on track

Retailers shift focus as winds change

As uncertainty grows over the country's investment policy, foreign retailers determined to stay on are happy to invest in wholesale trade

Real Estate Rss icon

Image1

Realtors woo customers through buy-back schemes

Experts say through buy-back schemes, developers, cash-crunched or otherwise, are able to raise funds at much cheaper costs

Brand World Rss icon

Will Pond's for men find enough takers?

HUL's reported plans to extend the brand to men's grooming could face hurdles in attracting men in masstige segment

Khoday's once again raises the Black flag

After winning the battle against UB's Kalyani Black Label, it is now against Diageo's Johnnie Walker

Business Education Rss icon

Ashish Nanda

IIM-A joins hands with Harvard, MIT and Berkeley for research

Institutes to address bottom of the pyramid issues; joint research to up IIM-A's world ranking

Heading

Power hungry? Not a chance


Toyota has chosen to shun diesel and go the green way with its new Camry. Fitted with a hybrid engine, the sedan is a great drive that doesn't ...

It's about xcellence

Hyundai's newly launched entry-level sedan, the Xcent, offers value for money and a bit of bragging rights