MARKETS »

Nifty ends at 8,200; TCS, Infosys up 1%


The 30-share Sensex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.

2004 TSUNAMI, 10 YEARS ON »

When the waves came crashing to Indian shores


On Dec 26, 2004, a tsunami took a huge toll on life in Tamil Nadu. A decade later, BS takes a look at the change it has brought

COMPANIES »

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

ECONOMY »

President signs insurance, coal ordinances


The govt had passed these ordinances after the Bills were not taken up in Parliament

AROUND THE WORLD »

Japan inflation slows and output slips, keep BOJ under pressure


Factory output unexpectedly fell and real wages marked the steepest drop in five years, underscoring the fragility of the recovery

FINANCE »

5 entities file lawsuit against ICICI Bank UK alleging mis-selling


Bank dismisses claims, says lawsuit filed as a counter after loan default

CURRENT AFFAIRS »

Exim Bank issues possession notice to Latha Rajinikanth


She was a guarantor for Mediaone Global, a company which produced Kochadaiiyaan

BS Poll

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

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Derivatives

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Columnists

Time to blame the
Germans?

Daniel Gros

This time, it's a sluggish Germany that is holding European recovery back

Creativity: Lessons from
Jesuits

R Gopalakrishnan

Innovation produces unintended risks. However, only a scientific temper can advance knowledge

In Asia, 2014's biggest
losers

William Pesek

As the year draws to a close, it's time to name the companies, politicians and corporate emperors caught out looking distinctly undressed

The tech route to safety
Indrajit Gupta

If carmakers don't explore innovations to improve safety, they could be relegated to the garbage heap by new players

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

2014: Living in interesting times

Oil and Russia decline, as China continues to rise

Political intent for Bharat Ratna

Posthumous awards do a disservice to great Indians

Financial X-ray

M&M: Launches may help arrest market share decline

Near-term outlook muted; volume uptick next year and valuations are positives

Havells: Rich valuations; revenue growth to moderate

Stock at 27x FY16 earnings in the face of 13% estimated revenue growth in FY15

BOOK REVIEWS

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

Monotheism's nuanced uncertainties

This second volume in the series is a textual overview of the three monotheisms – Judaism, Christianity and Islam

Kevin Allison

Restart your engines
Kevin Allison


Mary Barra gets a second first year at GM's wheel

Edward Hadas

Balloon debate
Edward Hadas


Inflation could make a surprise comeback

CompaniesRss icon

Zensar signs three deals in IM space worth $12mn

To expand in Europe;looking for acquisition in Germany

IOC to start land acquisition for expansion of Gujarat facility

The state-run refiner will invest Rs 5,000 crore to increase its overall capacity to 18 million tonnes

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


Manappuram Group may apply for banking licence

The company is going for the third NCD public issue during the current financial year from January 15, 2015 to mobilise Rs 200 crore

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

Bank seems to be on the road to de-risking its business model by building a strong retail franchise

PSBs in focus; CNX PSU Bank index up 1.2%

Corporation Bank, Union Bank, Allahabad Bank, Syndicate Bank, IOB and Bank of India are up 3-4% on NSE.


Airtel rolls out special data packs for VoIP

Airtel defends move by citing huge investments in network, says business needs to be viable and sustainable

Govt to look into Airtel's plan to charge for internet calls

Airtel plans to charge for VoIP calls at standard rate of 4 paise per 10 KB on 3G network and 10paise per 10 KB on 2G

Airtel to charge for using VoIP services

VoIP services include those such as Skype, Line and Viber that typically let users make free calls through the internet


Zensar signs three deals in IM space worth $12mn

To expand in Europe;looking for acquisition in Germany

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 Technologies surges on securing multi-million dollar deals

The stock opened at Rs 575 and touched a high of Rs 634 on NSE. The trading volumes on the counter have more than doubled


Order boost, inhaler sales key triggers for Cipla

While the recent order and the prospects for the company in the developed markets are sound, the Street is worried about near-term Ebitda

Lupin gets USFDA approval for HIV drug

Lupin Pharmaceuticals Inc, the company's US subsidiary, will commence marketing the product shortly

Torrent Pharma, Reliance Life sign licensing agreement for biosimilars

The licensing agreement is expected to significantly boost presence in oncology and dermatology segments


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

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

VST Tillers Tractors extends fall on restriction in production

The stock dipped 3% at Rs 1,353, extending its Wednesday's 2.4% fall on NSE.


DB Realty soars on heavy volumes

The stock rallied 10% to Rs 60 after the company said it has received full occupation certificate for its project in suburban Mumbai.

States face power deficit as Power Grid delays transmission lines

In most cases, the commissioning date has been extended by at least three years

BSES plans to launch mobile app for power supply transparency

Initially, the app will run only on Android phones, but will be extended to other platforms later


SpiceJet submits revival plan to govt

SpiceJet COO Sanjiv Kapoor says oil dues are paid as of Friday; says company has bank loans of Rs 300 cr

SpiceJet surges on revival plan reports

The stock up 8% to Rs 19 on reports that JP Morgan and Ajay Singh plan to buy the entire stake held by Kalanithi Maran.

SpiceJet to submit rescue plan to govt today

Sources say investors are considering pumping in about Rs 1,100 cr, which they believe will get the airline back on track


Goa govt's mining lease renewals to open Sesa's 70% iron ore operations

Analysts not kicked about restart of Sesa's iron ore operations

Jindal Stainless surges 14% ahead of board meet

The board will meet on December 29, to consider a scheme on asset monetization and business reorganization plan of the company.

Bokaro to replace Bhilai as SAIL's top steel producing unit

The state-run firm will complete its next phase of expansion programme with Rs 1.5 lakh crore investment by 2025


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.


IOC to start land acquisition for expansion of Gujarat facility

The state-run refiner will invest Rs 5,000 crore to increase its overall capacity to 18 million tonnes

Alphageo (India) surges over 10% in two-days on winning contract from Oil India

The company said it has been awarded Rs 10.42 crore contract from Oil India.

SBI to raise Rs 4,000 cr for BPCL's petrochemical plan

BPCL will invest about Rs 14,225 cr for Kochi Refineries expansion and Rs 5,000 cr for setting up a petrochemical JV


Commodities

Commodity
Price(Rs)
Change
(%)

27018.00
+434
+1.63

3551.00
+1
+0.03

37255.00
+810
+2.22

400.60
-3.6
-0.89

195.70
-0.7
-0.36

FEATURES

In Depth Rss icon

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

Let the mouse buy you a house

Tata Housing had managed to sell 50 apartments in the 2013 edition of Google's online shopping festival

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

More than Being Human

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

Prestige expands but with caution

It has had to bring back its popular tagline, expand beyond south India to make its diversification work

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