MARKETS »

Nifty ends above 8,400 on govt nod for changes in GST bill


Defensive shares were the top gainers along with select financials

COMPANIES »

Kotak Mahindra net profit down 26% to Rs 517 crore


Net NPA stood at 0.93% compared to 0.81%

93 Blast, Yakub Memon, BJP, Plaza Theatre

CURRENT AFFAIRS »

Sena, BJP want Yakub 'sympathisers' to be charged with treason


Members of Sena-BJP raised slogans in the Maharashtra Legislative Assembly demanding 'dalals' of Yakub Memon be punished

ECONOMY AND POLICY »

Blame call drops on missing mobile phone towers


DoT asks state governments to help telecom companies set up cell sites and prevent ad hoc closures

AROUND THE GLOBE »

Facebook profit falls 9% as costs soar


Says expenses to grow 55-60% in 2015; shares fall 3%

BRAND WORLD »

Trujet builds a budget brand


Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?

FINANCE »

Some progress on bank NPAs: RBI


The RBI has taken several steps to ensure stressed assets can be recognised early on and resolved more prudently

BS Poll

What is your opinion on the death penalty in India?

Keep it only for rarest of rare cases  
Abolish it  
Broaden rarest of rare to include rape  
Keep it, but use injections  

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Derivatives

Opinion Rss icon

Columnists

Where is that recovery?
Mihir S Sharma

Policy pre-requisites for corporate earnings growth are being ignored

Turnaround time
Anjuli Bhargava

Yes, things are looking up for low-fare airline SpiceJet, but it's not a turnaround... not yet

The necessary art of
ignoring Pakistan

Nitin Pai

Pakistan does not matter much to India's growth. A bigger, stronger and more open Indian economy will transform our ties with that country

We've got a long way to
go, baby

Kanika Datta

We may have addressed sexual harassment in the workplace. But the gender inclusive workplace? That’s got a long way to go

BLOGS


Tuktuki Mondal case underlines the deep religious fault lines in India

No answer can satisfy Hindutva activists who are obsessed with conspiracy theories and victim hood

Curtailing RBI Governor's veto powers is another flash point between RBI & Govt

Urjit Patel panel wanted all members to be appointed by RBI

EDITORIAL COMMENT

Dangerous profiling

DNA profiling Bill needs major changes to protect privacy

A normal monsoon?

Contrary to some predictions, rainfall adequate so far

Financial X-ray

Aluminium premiums, crude prices hit Vedanta

Ebitda declines by a third, despite zinc and copper segments chipping in

Dabur: Cautious guidance outweighs steady show in Q1

Management indicates subdued demand in rural areas could hit growth, hopes for pick-up

BOOK REVIEWS

2008 and its aftershocks

The book is a clarion call to economists to expand the body of work they rely on to include the works of Marx, Hayek and Kondratieff

Decoding Putinism

Walter Laqueur writes in Putinism: Russia and Its Future With the West, an aptly timed and much needed look at the mercurial master of Kremlin

Payment not guaranteed
Robyn Mak


China worries start now for Visa and MasterCard

Too much weight
Olaf Storbeck


Only pilots can end Air France's flight to nowhere

CompaniesRss icon

RPower takes govt to court on Chhatrasal coal block cancellation

Coal ministry through a notification on May 7 cancelled the allocation of Chhatrasal coal block to its subsidiary Sasan Power

Essar Steel's retail arm to sell steel online

Company targets revenues worth $100 million in first full year of operations

Margin, US boost for Dr Reddy's

Going ahead, growth will have to come from the US, where there are big generic opportunities waiting to unfold


ITC auditor appointment invalid, says SES

Company says followed due process, appointed Deloitte Haskins Sells based on its eligibility certificate

Kansai Nerolac to invest Rs 220 cr for new unit, R&D centre

Company will set up a global R&D centre at Vashi, Navi Mumbai with an estimated cost of Rs 40 crore

Colgate Palmolive India Q1 net falls 15% to Rs 114 cr

Company had posted a net profit of Rs 134.91 cr in the corresponding period of the previous fiscal


Kotak Mahindra net profit down 26% to Rs 517 crore

Net NPA stood at 0.93% compared to 0.81%

Bad loans drag Dena Bank's Q1 profit 81% to Rs 15 cr

The fall was attributed to a sharp rise in NPAs and consequently a higher allocation towards provisioning

Vijaya Bank Q1 net down 12% at Rs 143 cr

However, total income increased to Rs 3,289.05 crore


Airtel appoints Jinesh Hegde as CEO of Sri Lanka

He takes on this role from Suren Goonewardene and will report to Ajai Puri

Airtel selects Ericsson as LTE network supplier for Gabon

The company said agreement includes transformation of the existing mobile radio access and core network infrastructure

Qualcomm names Sunil Lalvani as President of India operations

He succeeds Avneesh Agrawal, who is moving on to pursue entrepreneurial ambitions


Margin, US boost for Dr Reddy's

Going ahead, growth will have to come from the US, where there are big generic opportunities waiting to unfold

Dr Reddy's Q1 net profit up 14% at Rs 625 cr

Total income from sales and services grew 7% at Rs 3,757 cr

Dr Reddy's gains 5% as Q1 profit beats forecast

The company posted net profit of Rs 626 crore in the June quarter against an average analyst estimate of Rs 569 crore.


Mahindra to launch mini-SUV in September

TUV3OO is going to challenge the Ford Ecosport in the sub-4 meter segment

LIC trims stake in Maruti to 6.22%

The insurer has sold 61,000 shares over a period of two years

Force Motors zooms over 70% in three weeks

The stock has zoomed by 71% from Rs 1,483 to Rs 2,532 in the past three weeks, compared to a 0.45% rise in the Sensex.


RPower takes govt to court on Chhatrasal coal block cancellation

Coal ministry through a notification on May 7 cancelled the allocation of Chhatrasal coal block to its subsidiary Sasan Power

HCC's net profit drops 71% to Rs 8 crore in Q1

Turnover dips to Rs 975.1 crore, down 7%

NTPC Q1 net profit down 3% on lower generation, PLF

PLF for coal-based plants decreased to 77.58% versus 84.29%, compared annually


SpiceJet looks to have more women pilots

Out of the 470 pilots in the airline, nearly 50 are women commanders and first officers

NIIT soars over 50% in two weeks post Q1 results

The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52.

Logistics stocks gain on Cabinet nod for GST changes

Gati, Patel Integrated, Blue Dart, Snowman Logistics, Transport Corporation and Container Corporation are up 3-8% each.


Blue Star Q1 net up 26% at Rs 39 cr

The company's operating income jumped by 8% to Rs 908 cr

Dalmia Bharat surges on robust Q1 results

The stock surged 14% to Rs 725 after the company posted profit of Rs 42 crore in June quarter against loss of Rs 27 crore in a year ago quarter.

We aim to double revenues in 4 years: Baba Kalyani

During last year, Bharat Forge also strengthened its balance sheet retiring debt of around Rs 530 cr, including Rs 407 cr high cost rupee debt


Maggi mess: Nestle sees first loss in two decades

India's largest food firm by revenue reported a loss of Rs 64.4 cr for Apr-Jun

GSFC Q1 net declines 7% to Rs 101 cr

Total income of the Vadodara-based company also decreased by 12% to Rs 1,100 cr

Rallis: Monsoon key to revival in performance

July has seen a revival in monsoon and if the pace continues, Rallis can rebound


Dish TV: Signals getting stronger

Margins are expected to improve from here as revenue growth will be stronger than increase in costs

Dish TV posts Q1 profit at Rs 54 cr

Despite Q1 being a relatively weak quarter seasonally, Dish TV gained subscribers both in the Phase 3 and Phase 4 markets

Today's picks- 28 July 2015

Nifty, Bank Nifty, Tata Motors, ACC & Zee Entertainment


Upstream oil PSUs lubed up for stronger Q1 earnings

Downstream refiners could see a moderation in earnings, led by weaker refining margins and possible forex losses

Essar Oil first quarter net profit up 55% at Rs 1,063 cr

Gross Refining Margin rises 22% to $11.05 per barrel

Essar Oil gets stock exchanges go ahead for delisting

Delisting the company will give promoter Ruia borthers greater flexibility and less regulatory scrutiny while selling a stake in the refiner


Technology Rss icon

Windows 10 launched: A fresh start, and a few bugs

Users find the new Windows a definite improvement, but a work-in-progress

Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24644.00
-76
-0.31

3159.00
+11
+0.35

33940.00
-35
-0.1

337.90
-3.75
-1.1

182.90
-0.6
-0.33

FEATURES

In Depth Rss icon

Bharti Airtel's plot veers off script in Africa

Five yrs after it ventured into Africa, Airtel wants to sell 4 of its subsidiaries there to France's Orange, signaling a change in its strategy

CSR: What keeps companies from doing good?

Evolving rules & anomalies over tax treatment constrain corporate programmes in the first year that govt's CSR mandate has been in force

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

Brand World Rss icon

Trujet builds a budget brand

Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?

Milking the value chain

The dairy market is seeing a shift in consumer preferences as branded, value added products, bring in the bacon