MARKETS »

Sensex ends Samvat 2070 with 26% gain


The 30-share Sensex ended up 211 points at 26,787 and the 50-share Nifty ended up 68 points at 7,996.

COMPANIES »

HDFC Q2 net up 9% at Rs 2,064 cr


Its consolidated income increased to Rs 11,644.08 crore for Q2, 2014-15

ECONOMY »

Govt opens up coal mining again for private sector


Rules bent for swapping of coal, mining, land & management transfer

AROUND THE WORLD »

Mixed economic signals from China


Third quarter growth rises 7.3%, the lowest quarterly growth since the depths of the financial crisis in 2009

TINY LABOURERS »

Rolling bidis is child's play in this Chhattisgarh village


We take a look at how child workers, though forming the major part of workforce in bidi industry, are not technically ‘labourers’

CURRENT AFFAIRS »

India grounds Sukhoi-30 fleet; safety checks on


The fleet of about 200 twin-engine Su-30s would be back in air only when they are cleared by the technical review

FINANCE »

Rajan gets his way on RBI's restructuring plan


RBI conducts interviews for first lateral hire for CGM post; deputy governors to head four distinct verticals

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Derivatives

Opinion Rss icon

Columnists

Loss leader
Mihir S Sharma

Government's reforms are too half-hearted - but Rahul Gandhi's Congress is too amateurish and inept to hold it to account

The truth hidden by
IBM's buybacks

Andrew Ross Sorkin

The company's success in recent years has been tied more to financial engineering than actual performance

Regional parties down
but not out

Bharat Bhushan

These regional parties not only have the same development goals as the national parties but also promise good governance

The Chinese road to
development

Subir Roy

It remains to be seen how Narendra Modi will take diverse state governments along with him, persuading and building a consensus

BLOGS


All the Queen's gold
Katya Naidu

Though Jayalalithaa was convicted mainly for land grabbing, it was the images of 30 kg of gold that remained in public memory

Were Rajdeep Sardesai's 5 questions on Modi provocative?
Jency Jacob

Sardesai's detractors blame him for provoking the crowd at Madison Square Garden, but did he?

EDITORIAL COMMENT

Forward and back

Reform for LPG, but coal order ignores need for regulation

Banks or farmers?

Worrying implications of a judgment on sugar

Financial X-ray

JSW Steel: Q2 show suggests worst is over

Net sales rise 7% amidst weak demand, operating profit up

Improving CV cycle, lower diesel prices to benefit STFC

Disbursements pick up but asset quality on analysts' radar

BOOK REVIEWS

Utopia, out of office

What God's Own Office advocates - work from home - is already the emerging reality around us, as technology enables a new economy to take shape

The slaughterhouses of the world

Richard Flanagan’s The Narrow Road To The Deep North is a war story that treats mysteries of love and mysteries behind evil with equal weight

Robert Cyran

Singular horsepower
Robert Cyran


Apple's new, new things overshadowed by old thing

Una Galani

Voting for business
Una Galani


Hong Kong tycoons can be part of protest solution

CompaniesRss icon

Asian Paints to buy 51% stake in Ethiopia-based Kadisco Paint

The acquisition will enable the company to expand its international footprint

Asian Paints Q2 Net at Rs 347.30 crore

In the same period of the previous fiscal, the company had posted a net profit of Rs 326.84 crore and net sales of Rs 3,084.06 crore

Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever


L&T Finance Holdings Q2 net rises 17% to Rs 181.63 cr

Company had reported a net profit of Rs 155.72 crore a year ago

HDFC Q2 net up 8.8% at Rs 2,064 cr

Its consolidated income increased to Rs 11,644.08 crore for Q2, 2014-15

BSE inks strategic partnership with YES Bank

The MoU aims at maintaining a synergised approach to create awareness about equity fund raising


Samsung and Airtel launch integrated digital TVs

Samsung's SmartDirect TVs will come designed with in-built Airtel digital satellite tuner, will enable DTH signal reception without set-top-box

Nokia workers lobby Commerce Minister Sitharaman's to prevent shutdown

Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry

Idea Cellular Q2 profit up 69%

The growth was on the back of strong subscriber addition and surge in data usage


Wipro Q2 net up 8%; Oct-Dec sales expected at $1.77-1.81 billion

Net sales of the country's third largest software services exporter rose by 7.5% to Rs 11,816 crore in July-September quarter this fiscal

Wipro's dollar revenue growth disappoints

EBIT margins decline 80 basis points sequentially to 22%, company expects H2 to be better

Wipro eyes US boost ahead after Q2 misses forecasts

The company reported a slightly lower net profit at Rs 2,085 cr q-o-q


260 stocks gain over 100% in Samvat 2070

Avanti Feeds, Marksans Pharma, Gati, TVS Motor, Ceat and JK Lakshmi Cement have become multi-baggers.

Honda pips Hero on Dhanteras day

Honda reports retail sales of 165,000 units on Tuesday, compared with market leader Hero's 150,000 units

Auto shares in demand; S&P BSE Auto index zooms over 400 points

Hero MotoCorp, Bajaj Auto, Tata Motors, Maruti Suzuki and M&M are up 2-3.5% on BSE.


Jet, SpiceJet start another fare war

Airlines announce limited period one-way all-inclusive fares starting Rs 899

Departure time gets a new meaning in aviation

Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines

Early festive season sees air traffic grow the fastest this September

Budget carrier IndiGo keeps lead, with one in three preferring to fly with it


Havells Q2 net up 1% to Rs 113 crore

Company had posted a consolidated net profit of Rs 112 crore for the same period of previous fiscal

Debt-ridden GMR plans to raise Rs 5,400 cr

Amount likely to be raised through asset sale, equity issue; company might divest a few road and power plants

Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever


GACL's Q2 PAT sees marginal rise, at Rs 48 crore

The company's first quarter net profit stood at Rs 56.95 crore

UltraTech: On a strong wicket

Realisations, overall performance beat most estimates, but some analysts are disappointed as cost pressures continue

UltraTech Cement gains as Q2 earnings beat estimates

Consolidated net profit rose for Jul-Sep increased 47% to Rs 416 crore against Rs 283 crore in the same quarter last fiscal


Unite set to meet Tata Steel chairman Cyrus Mistry on Nov 15

Trade union to be in talks with Tata Steel, Klesch group to work out long-term future of workers at European division

Tata Steel's plan to reach global scale losing fizz

All was going well in the beginning in FY07, but with economic slowdown worsening in Europe Tata Steel lost its global sheen

Coal India unlikely to gain from ordinance

On Tuesday, Coal India shares fell 1.57% on the BSE to close at Rs 355 apiece


Strong volume growth boosts UPL's revenue

Forex losses result in higher finance costs and lower other income, thus hitting net profit

Tata Coffee back in black with Rs 32.4 crore profit in Q2

Firm had net loss of Rs 12.9 crore in the corresponding quarter last year

Two MCFL investors tender 2.6% stake to Deepak Fertilisers

The takeover battle further intensified last month after Deepak Fertilisers raised its open offer price to Rs 93.60 per share


Zee Media falls on reporting loss in Q2 results

The stock has declined around 2.5% on BSE after the company posted net loss of Rs 12.8 crore in the July-September quarter

Today's picks- 20 October 2014

Nifty, Bank Nifty, Jindal Steel & Power & Zee Entertainment

Panasonic Appliances to delist shares from stock exchange

Indian promoters sells entire share to the Japanese partner


ONGC falls 5% in two days on stake sale report

Over the past two days, the stock declined 5.25% to Rs 397 from Rs 419 on October 20, compared to 1.2% rise in CNX Nifty

Reliance partner Niko falls 48%

Shares of Canada-based Niko Resources, a partner of Reliance Industries (RIL) in the D6 block in the Krishna-Godavari basin and NEC-25 gas block ...

Govt meeting bankers to discuss share sale in ONGC

The govt on Saturday lifted diesel price controls and raised the cost of natural gas


Snowman Logistics soars over 15% on heavy volumes

Till 1505 hours, a combined 9.34 million shares representing nearly 10% of free-float of equity of Snowman Logistics changed hands on NSE and ...

V-Mart Retail gains on expansion in tier-2 &3 cities

V-Mart Retail has gained around 7% on BSE aided by aggressive expansion in tier-2 and 3 cities

Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever


Beyond Business Rss icon

Food for froth

Wheat beer with prawns? Or light lager with cheese?

Alice in dastangoi

M Farooqui & his team of dastangos are branching out from the traditional realms of storytelling to newer tales like Dastan Goopi Bagha Ki

Commodities

Commodity
Price(Rs)
Change
(%)

27456.00
-98
-0.36

5035.00
+10
+0.2

38268.00
-499
-1.29

411.10
+0.2
+0.05

225.60
0
0

FEATURES

In Depth Rss icon

Commodity exchanges try to revive volumes

They are banking on forward trading to make up for the loss due to the dwindling interest in gold and non-farm commodities futures

Departure time gets a new meaning in aviation

Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines

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

India formula behind Hyundai's new high

As other global car makers struggle in India to keep sales consistent, the Korean player has made a heady combination out of design

Power brands light the way for Jyothy Labs

Having failed to excite consumers with too many brands, the maker of Ujala and Henko is now focusing on six of them

Business Education Rss icon

Bulk hiring of engineers is back

For better placement, campuses end exclusivity to one company by inviting all firms on Day One