Flipkart valued at $11 bn after raising $700 mn more

Files in Singapore for conversion to a public company; third round of fund-raising this year attracts global investors

WEEKEND SPECIAL »

Raising Byomkesh


Film maker Dibakar Banerjee shares with author what it took to bring the cerebral "seeker of truth" to life

COMPANIES »

New York fracking ban won’t affect RIL much


Analysts say RIL's venture with Chevron will be impacted

ECONOMY »

Jaitley's advisors caution against overestimates


'Rs 1-lakh-cr tax shortfall due to optimism on growth and tax buoyancy'

MARKETS »

Gold imports crawl in Dec


Only 15 tonne imported in the first half of the month due to adequate supply in the market, tepid demand

AROUND THE WORLD »

Obama vows a response to cyber attack on Sony


Criticises the Hollywood studio for giving in to intimidation when it withdrew The Interview, the satirical movie that provoked the attacks

FINANCE »

Base rate may come down before March: Paresh Sukthankar


Says base rate is on downward trajectory as deposit rates have started coming off

CURRENT AFFAIRS »

Devyani Khobragade stripped off her duties


The action comes a week after the diplomat spoke to a news channel about her arrest and strip search in New York

BS Poll

Is it time for Prime Minister Narendra Modi to break his silence on the conversion issue and break the deadlock in parliament?

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Derivatives

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Columnists

Arihant and what it
means

Premvir Das

India's first indigenous nuclear-powered submarine is a considerable achievement - and should have an impact on security strategy

Re-engineering
infrastructure PPPs

Ajay Shankar

To revive PPPs, the govt should take on macroeconomic risks flowing from uncertainties in GDP growth rates

Saradha scam: Is TMC
unravelling under
pressure?

Probal Basak

The party finds itself in the middle of a storm due to its alleged involvement in the scam and faces an exodus of grass-roots leaders

'The Indianisation of
our culture has to be
done'

Bhartruhari Mahtab

It shouldn't be only done by govt or party that is in power in Centre. It has to be done by all political parties that want to serve the country

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

Weekend Columnists

Bells toll for children on both sides
Malavika Sangghvi

I'd like to believe that Pakistani and Indian women facing each other on the subject of terror could make a difference

The year of the buyer
Kishore Singh

The Gaitonde restrospective at the Guggenheim was India's most stellar moment internationally

Financial X-ray

Double digit earnings to cheer markets in FY16

Analysts expect earnings surprises from consumer discretionary, financial and industrial sectors

Is the fall in Aban Offshore's stock justified?

Street worried on impact of lower oil prices; analysts say these can be partly offset by de-leveraging gains

BOOK REVIEWS

A greater escape

Mark Felton has written a straightforward adventure story, which is undoubtedly the object of the exercise, and he’s done it excellently

Una Galani

Joining the dots
Una Galani


Goodbye tech conglomerates, hello "ecosystems"

John Foley

The three denials
John Foley


China needs history's biggest spring clean

CompaniesRss icon

IDFC to slash stake in infra debt fund to 49%

IIDF raising Rs 1,500 cr through non-convertible debentures to buy out loans to road projects

FIPB clears HDFC Bank and Ratnakar Bank FDI proposals

HDFC Bank had applied for FIPB approval for expanding its equity base by up to Rs 10,000 crore and Ratnakar Bank for capital raising

Indiabulls Securities pays Rs 1 crore to Sebi to settle allegations

The settlement charges were invoked after the irregularities were found in the company's broking operations


Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Airtel to sell telecom tower assets in Zambia and Rwanda to IHS

The deals will allow Airtel to focus on its core business, reduce debt and cut down on capex

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.


Tyre makers agree to help Kerala rubber farmers

Agreement brokered by state govternmet after appeal to major firms for support, will have latter buying from the local market at 25% extra ...

JK Tyre zooms over 35% in two days post stock split

The stock hit a new high of Rs 163, rallied 38% in past two trading sessions from Rs 118 on December 17.

Autoline Industries soars 20% on stake sale plan in US arm

The board will meet on December 22, 2014, to consider and note status of transaction related to stake sale in the Autoline Industries Inc. USA, ...


SAT adjourns DLF appeal to Monday

Company's counsel today pleaded before the tribunal that Sebi's order be set aside

Sebi did not follow procedure while taking action: DLF lawyers

One of the lawyers contended that Sebi did not give DLF opportunity to represent itself, which is mandatory under the FUTP law

Delta Corp gains on stake sale plan in Advani Hotels

Delta Corp has engaged Yes Bank, a merchant banker, to explore possibilities for sale of the company's interest in Advani Hotels and Resorts ...


Battle for frequent flyers breaks out as Jet Airways offers bonus miles

Jet Airways offering bonus frequent flyer miles to passengers on Mumbai-Delhi and Mumbai-Ahmedabad routes

The two pitfalls that led to SpiceJet's financial debacle

The airline dropped fares to gain customer load, but failed to cover the cost of its flights

IndiGo, Jet Airways gain while SpiceJet loses market share

Overall, the domestic traffic grew 14.35% last month in comparison to last November


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


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

Jagran Prakashan hits 52-week high on acquisition plan of Radio City

The stock hit 52-week high of Rs 155 on NSE.


Technology Rss icon

YU launches 4G Cyanogen OS-based phone for Rs 8,999

The product will go up for registrations via Amazon on Friday

Commodities

Commodity
Price(Rs)
Change
(%)

27004.00
+189
+0.7

3647.00
+80
+2.24

36979.00
+424
+1.16

409.40
+7.45
+1.85

220.60
-10
-4.34

FEATURES

In Depth Rss icon

Conversion: Fuelled by faith, love, politics

The right-wing believes preventing conversions will complement the Prime Minister's development agenda and consolidate political gains

No consensus on what will replace Plan panel

Some of the proposals might be difficult to implement, especially those that give states a say in the financial allocations in Central schemes

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

Nifty targeting gets Bharat Benz rolling

Daimler's medium-heavy trucks have earned it around 7 per cent share, it claims

Advertising helped insure LIC against competition

For the state life insurer aggressive marketing wasn't on its mind in the 1970s. But it soon changed

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