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Bad news rains on Reliance

Oil ministry, CAG, SAT make things difficult; firm says always had transparency with govt agencies

At the School of Nursing at Mandiram Hospital in Kottayam

WEEKEND SPECIAL »

Kerala's nurses: Taking care of the world


BS explores Kerala's nursing economy, the compulsions - and the social networks - that take them to faraway places, even war-torn Tikrit

Girindre Beeharry

BREAKFAST WITH BS »

Fighting the 'womb lottery': Girindre Beeharry


Everyone should have a chance to live a life equal to a rich kid's in Brooklyn,says the director of Bill & Melinda Gates Foundation in India

COMPANIES »

TCS raising Rs 4,000 crore via commercial paper


The company uses a variety of financial instruments including Commercial Paper as part of ongoing liquidity management

Around the world »

BSkyB to pay $9 billion to create Sky Europe


The deal will make BSkyB the leading pay-TV provider in Europe

CURRENT AFFAIRS »

Govt to soon finalise site for construction of war memorial: Jaitley


Says he will visit the Princess Park locality near India Gate complex to take an appropriate decision on the issue

ECONOMY »

Monsoon improving; normal rainfall likely in Aug: IMD


Monsoon rainfall was deficient in June, but has picked up in July

MARKETS »

Weekly: Defensives gain as market retreats from record highs


TCS, HUL, HDFC, RIL among the top gainers for the week

OPINION »

COLUMNISTS »


T N Ninan: Only 'above average'

Just over 100 of the total list of 187 countries are in the “High” or “Very High” human development category

Devangshu Datta: Imagine Gaza in Delhi

India kills its own in the Northeast and Kashmir. Israel kills Palestinians in Gaza. Both claim to be modern, secular democracies

BS Poll

Do the force-feeding drama, call for a Hindu nation and views on Sania Mirza prove the Modi govt's own friends are its biggest enemies?

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Columnists

Only 'above average'
T N Ninan

Just over 100 of the total list of 187 countries are in the “High” or “Very High” human development category

The transatlantic growth
gap

Daniel Gros

Europe's bankruptcy rules, which keep households shackled to their debt, are what keep recovery there slower than in the United States

Closed user group
Sunanda K Datta-Ray

Clubs as private institutions make their own rules and can’t be dictated to by those who don’t belong, as D Hariparanthaman should have realised

The Poverty of Economics
T C A Srinivasa-Raghavan

Can 21st century economic problems be solved with 20th century modes of analysis?

BLOGS


Christendom and the world fail Iraqi Christians
Rajat Ghai

The ISIS' rise has sounded the death-knell for a community that has been suffering for the past 1,400 years

Things fall apart , the Centre cannot hold
Kavita Chowdhury

As the Congress heads into another round of assembly elections by 2014 year end, insiders admit that they are reconciled to facing defeat

Weekend Columnists

The end of an era
Malavika Sangghvi

Rajesh Khanna’s legendary sea- facing Carter Road bungalow in Mumbai, a repository of glamour, heartbreak, nostalgia, has been sold for Rs 90 cr

For a piece of earth
Arundhuti Dasgupta

Land symbolised different things but all cultures considered it valuable because it was scarce and counted as wealth

Investment required in wine
Alok Chandra

To attract investments the wine business must have the prospect to become broadly profitable, with positive cash-flows over time

Financial X-ray

PNB's Q1 profit growth beats estimates

No surprise on asset quality; accumulation of stressed assets at Rs 4,107 crore

BOOK REVIEWS

To kill a friendship

The Mockingbird Next Door by Marja Mills is painfully earnest and as sentimental as "Tuesdays With Morrie"

Robert Cyran

Godot.com
Robert Cyran


Shareholders punish Amazon with whole new multiple

George Hay

War and Peace
George Hay


StanChart at risk of "doing an HSBC" - badly

CompaniesRss icon

Weekly update: Market retreats from record highs on profit-booking

Sensex and Nifty close the week with 2% and 1.7% gains respectively

BMW financial service chief arrested, released on bail

Schlipf was arrested over a lawsuit filed by a BMW dealer whose agency was not renewed after it expired

NLC contract workers go on fast, demand regularisation of jobs

The workers demanded that the services of nearly 10,524 contract labours be regularised as per the Apex Court order


Weekly update: Market retreats from record highs on profit-booking

Sensex and Nifty close the week with 2% and 1.7% gains respectively

FMCG shares rally as sentiment picks up

BSE FMCG Index near all-time high as monsoon revival, favourable Budget announcements spur growth

Colgate: Low volumes, high valuations cap upsides

June quarter volume growth was lower than expectations though, it maintained market share


Weekly update: Market retreats from record highs on profit-booking

Sensex and Nifty close the week with 2% and 1.7% gains respectively

Profitability of PSBs under stress

A rise in bad loans, higher provisioning and loss on sale of investments have dragged down their earnings growth

ICICI Bank may raise Rs 1,000 cr via infra bonds

The lender is planning to issue 10-year bonds worth Rs 500 cr with an equal over-allotment option, people familiar with the development


Weekly update: Market retreats from record highs on profit-booking

Sensex and Nifty close the week with 2% and 1.7% gains respectively

Vodafone India Q1 revenue up 10% at Rs 10,323 cr

Company had registered revenue of about Rs 9,375 crore in the April-June period of the last fiscal, 2013-14

RCom subsidiary raises about Rs 2,100 cr through global bonds

Company said it will use about 1500 crore proceeds to refinance the Standard Chartered Bank loan


TCS raising Rs 4,000 crore via commercial paper

The company uses a variety of financial instruments including Commercial Paper as part of ongoing liquidity management

Infosys gets nod to operate in Info-valley SEZ

Company is allowed by the Union Commerce Ministry to act as a co-developer of the SEZ

Wipro dips 8% post Q1 results

Q1 operating margins of IT services at 22.8%, impacted due to wage hikes.


Weekly update: Market retreats from record highs on profit-booking

Sensex and Nifty close the week with 2% and 1.7% gains respectively

Pharma firms go to HC against use of special power for price cuts

According to a source, the matter is expected to come for hearing at the court on July 30

Strides net up 12-fold

Net sales up 25% to Rs 188 cr, co also cites spate of USFDA approvals for better performance


BMW financial service chief arrested, released on bail

Schlipf was arrested over a lawsuit filed by a BMW dealer whose agency was not renewed after it expired

Ashok Leyland lines up new launches

Says it expects the industry to recover by Oct-Nov

Force Motors Q1 net up 36% at Rs 19 cr

Company had posted a net profit of Rs 14.27 crore for the same period of previous fiscal


Astral signs Salman Khan as brand ambassador

The Gujarat-based plumbing and drainage systems maker has roped in Khan for two years

Ambuja Cement beats peers in June quarter

Good sales volumes have helped drive revenue growth for the three large cement companies, as the all-India average realisations have not ...

Ambuja Cements beats street; Q2 net up 26%

Relatively less exposure to the southern market helped the company put a good quarterly show


Govt approves stake sale in Hindustan Zinc, BALCO

Finance Minister Arun Jaitley on Friday said the government will sell 10 per cent stake each in Hindustan Aeronautics (HAL) and Rashtriya Ispat ...

Mahanadi Coal's two mines face closure if locals don't relocate

The two assets have combined annual capacity of 35 mn tonnes of which only 10 mn tonnes have been mined

SAIL, RINL, HAL on disinvestment pipeline this year: Jaitley

Govt has budgeted to raise Rs 43,425 crore through disinvestment in the current fiscal


Govt's 10 fertiliser plants closed, 7 under losses: Nihal Chand

Govt has planned financial restructuring of three sick units namely MFL, BVFCL and FACT

Bayer Cropscience hits record high on strong Q1 results

The stock soared 13% to Rs 2,064 on NSE after reporting 24% yoy jump in net profit at Rs 109 crore for the quarter ended June 2014.

McLeod Russel mulls diversification, in discussion with consultants

Expected to gather the responses from consultants in another three months' period


RBI fines 12 banks in DCHL loan default case

The banks collectively had a total exposure of around Rs 4,000 crore

HT Media Q1 net at Rs 32.67 crore

Company had posted a net profit of Rs 47.49 crore and net sales of Rs 532.23 crore in the corresponding period a year ago

NDTV shares spurt 20% on takeover buzz, Trai norms

TV Today, Zee Media up over 5% each


Bad news rains on Reliance

Oil ministry, CAG, SAT make things difficult; firm says always had transparency with govt agencies

Cairn India hits 11-month low

The stock tanked over 10% in two days after the company said that it will lend about $1.25 billion to its parent for two years.

Cairn stock falls 6.6% over $1.25-bn loan to parent

Corporate governance firms say Sebi should probe non-disclosure to exchanges


Nava Bharat says NPPL was sold without attributing any value to coal block

NBPL had held 50% equity stake in NPPL , a joint venture (JV) coal company, along with Malaxmi group

Bajaj Holdings trims stake in Force Motors to over 9%

Company's shares today closed at Rs 1,318.25 apiece on the BSE, up 0.25% from previous close

Liberty Shoes dips on weak Q1 numbers

Liberty Shoes lost 6% to Rs 301 on the BSE after the company's net profit surged 1% to Rs 3 crore


Beyond Business Rss icon

Being Jessica Alba

Hollywood celebrity trainer Ramona Braganza plans to spread her fitness mantra through a new range of gyms across the country

First of a new sort

Audi's A3 heralds the birth of a sedan that promises luxury and performance while providing an affordable upgrade to the executive class

Commodities

Commodity
Price(Rs)
Change
(%)

27928.00
+302
+1.09

6147.00
-11
-0.18

44280.00
+494
+1.13

227.00
-4.4
-1.9

432.00
-3.45
-0.79

FEATURES

In Depth Rss icon

Raghav Bahl

'Exit was the best decision to take in everybody's interest'

There was no way I would stay back as a "professional executive" with Mr Ambani

Spectrum sharing won't fix telcos' problems

Trai's recommendations come with stringent guidelines that will make it hard for telecom companies to share spectrum with one another

Real Estate

Realtors tweak strategy for affordable housing

Margins for developers have fell to 15-20 % in affordable segment

Brand World Rss icon

Going beyond likes and tweets

Traditionally-distributed brands find an effective digital RoI in e-commerce

Localised ads market gets its shooting STAR

Major broadcaster, STAR India, is eagerly presenting its service of localised channel feeds to advertisers and agencies. Brand-owners say these ...

Business Education Rss icon

National Skill Development Corp to train 120 mn by 2022

NSDC has made a skill development management system where data of all trainees is maintained