MARKETS »

Markets open higher; Nifty hits fresh record high


Markets opened higher on firm global cues led by index heavyweights

MINT ROAD'S ANNUAL REPORT »

Stressed assets in infra rose sharply: RBI


The central bank also says that even at 10%, the stressed advances remain high

COMPANIES »

Ranbaxy woes continue as US FDA cracks whip, again


The US drug regulator has slapped a Rs 242-cr fine for rule violations at Toansa unit

Around the world »

Samsung told by Korean taxman to use cash or 'lose it'


S Korea's biggest company had the equivalent of $60 bn in cash and short-term investments at the end of June

Arvind Subramanian

ECONOMY »

Arvind Subramanian likely to be chief economic advisor


Post vacant since Raghuram Rajan resigned almost a year before

PERSONAL FINANCE »

Go for systematic withdrawals from debt funds


Only the capital gains part of the withdrawals will be taxable, not the entire amount

CURRENT AFFAIRS »

Accessibility to drinking water has increased for the poor: NSSO


A third of the poorest urban population had exclusive supply of drinking water in 2012 against 28.5% in 2008-09

OPINION »

COLUMNIST »


Jaimini Bhagwati: BRICS and the coming crash

In the event of major capital outflows from India, a BRICS Bank and reserves-sharing agreement would be a big help

Editorial Comment »


End diesel subsidy now

Government must use oil windfall wisely

POLITICS »


Now, Soren booed at a public event with Modi

This is the third such instance, in a week, after Maharashtra and Haryana when non- BJP chief ministers have been 'insulted' by BJP supporters


Have Your Say




Narendra Modi has invited comments and suggestions on his move to scrap the Planning Commission. What would your advice to the Prime Minister be?

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Columnists

BRICS and the coming
crash

Jaimini Bhagwati

In the event of major capital outflows from India, a BRICS Bank and reserves-sharing agreement would be a big help

A sunny source of energy
Devangshu Datta

There has been a considerable fall in solar equipment costs but technical and environmental issues still impede solar energy utilisation

Institutions vs
organisations in the
reform agenda

Pradeep S Mehta

Institutions must not be confused with organisations. Organisations are a part of an institutional framework for achieving its objectives

Dr Rajan and me
Jamal Mecklai

Volatilities of all currencies (and, importantly, gold) were plumbing to all-time lows and, since then, have indeed reached all-time lows

BLOGS


EPL: week one, take one
Dhruv Munjal

Man United stumble as Chelsea, Man City lay down early marker

Back to the future in Vidarbha for cotton farmers
Aman Sethi

How a new-old planting technique could make rain-fed cotton planting more viable

EDITORIAL COMMENT

End diesel subsidy now

Government must use oil windfall wisely

Relics of the past

Need to revamp commodity boards

Financial X-ray

RIL Jio's 4G launch may not be a big risk to incumbent telcos

Experience of entrants with new LTE technology in other markets shows the road is not smooth

Royalty rise near-term dampener for metal stocks

Estimated impact on earnings 1-8%, depending on companies' ability to pass on costs to customers

BOOK REVIEWS

The unmaking of the Sindhis

Nandita Bhavnani says the The Making of Exile is “partly a people’s history of Partition”

Father and friends

Manmohan Singh's daughter Daman Singh charts the journey of her parents in her book Strictly Personal: Manmohan and Gursharan

Jeffrey Goldfarb

New ball game
Jeffrey Goldfarb


Ballmer's exit value is now Nadella's to preserve

Kevin Allison

Variable value
Kevin Allison


Berkshire owner's departure dims Buffett mystique

CompaniesRss icon

Mallya-Poddar bid for MCF hits UBI hurdle

Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter

Another big blow for Ranbaxy

Slapped with Rs 242-cr fine by US authorities for rule violations at Toansa unit, say sources; 2nd such hefty rap in the recent past from US ...

Marck Biosciences gets warning letter from US FDA

FDA issues an import alert for products manufactured at the firm's Kheda unit into the US


Allied Blenders buys Mansion House, Savoy Club rights

At present, Mansion House and Savoy Club are sold in India by Tilaknagar Industries, USL

Mallya's hold on United Breweries slips further

Lenders offload pledged shares; stake acquired by Heineken for Rs 18 crore

Jyothy Laboratories rejigs top management

K Ullas Kamath, Joint MD of the company, has also been entrusted with the additional responsibility of Chief Financial Officer


Boards of top state-run firms' wait to be filled

Besides, a host of public sector companies are awaiting appointment letters for full-time directors

Dena Bank to open 100,000 new accounts in Gujarat by Aug 28

The accounts will be opened with zero balance for all category of people including those coming under below poverty line

Axis Bank plans to raise Rs 6,000 cr via long term bonds

This comes after RBI incentivised banks to raise long term bonds by relaxing norms


Another big blow for Ranbaxy

Slapped with Rs 242-cr fine by US authorities for rule violations at Toansa unit, say sources; 2nd such hefty rap in the recent past from US ...

Marck Biosciences gets warning letter from US FDA

FDA issues an import alert for products manufactured at the firm's Kheda unit into the US

Claris Lifesciences gains on MHRA nod for new plant

This will help in enhancing capacities to grow in the regulated markets, especially the European region, Claris said.


Today's picks- 21 August 2014

Nifty, Tech Mahindra, NTPC, DLF and Mahindra & Mahindra

Shipping stocks rally as Baltic Dry Index hits 4-month high

Shipping Corporation, Mercator, G E Shipping,Chowgule Steamships, ABG Shipyard and Bharati Shipyard are up 1-10% on BSE.

R-Infra: Stay migration of customers to Tata Power

RInfra pleaded the stay be granted until MERC approves Tata Power's network roll out plan in its distribution area in Mumbai


SpiceJet promoters to infuse funds

The airline's board decides to issue warrants to promoters on a preferential basis

TaxiForSure raised series C from Accel Partners, others

Online taxi aggregator plans to expand 25 new cities in next one year

Has SpiceJet edged out Jet Airways from its position for good?

SpiceJet said it had a market share of 20.9% as compared to 19.6% by Jet Airways and-JetLite combine in July


Changi Airports out of race for GVK's airports stake

Stake sale could not proceed as planned due to the lower valuation and currently due diligence is undertaken by one of the investors, says ...

L&T Construction bags Rs 1,832 cr contracts

Company has bagged Rs 1,008 crore worth orders in its buildings and factories business

Sterlite Tech up 5% as company to gain from Digital India plan

The integrated optical fibre company could be one of the key beneficiaries of the Digital India plan


CBI to close coal block allocation case against Kumar Mangalam

Case against the two was registered in Oct last year by the agency which had alleged that Parakh had reversed his decision to reject coal block ...

Metal shares decline on hike in mineral royalty rates, weak Chinese data

Tata Steel, Sesa Sterlite, JSW Steel, SAIL and NMDC are down 1-2% on the National Stock Exchange.

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt


Mallya-Poddar bid for MCF hits UBI hurdle

Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter

Vadilal Industries founder Ramchandra Gandhi no more

Transformed a single location ice cream outlet into one of India's biggest ice cream players

MCFL stake buy move gets CCI nod: Deepak Fertilizers

Deepak Fertilizers and Petrochemicals Ltd as well as Zuari Agro Chemicals are looking to take over MCFL


Huffington Post inks pact with Times Group for India edition

The website, HuffPost India, is likely to be launched later this year and the editorial team will operate from New Delhi.

Zee Entertainment gains 4% on Nifty inclusion

Zee Entertainment Enterprises will replace United Spirits in Nifty 50 stocks with effect from September 19, 2014.

Zee Entertainment to replace United Spirits in Nifty

Company will be moved up to main index, effective from Sept 19, 2014


Boards of top state-run firms' wait to be filled

Besides, a host of public sector companies are awaiting appointment letters for full-time directors

Reliance Industries fighting to revoke patent of Italian firm Cobarr in India

IPAB to consider miscellaneous petitition by Cobarr filed against Reliance's revocation application

PM dedicates IOC terminal at Jharkhand

The Jasidih terminal, built at a cost of Rs 109 crore, is the first pipeline fed terminal of the state


FTIL & MCX agree to terms of new tech deal

FTIL has agreed to reduce its annual maintenance charge by 40%

Govt orders Gail to cut gas from non-priority areas for retail needs

The ministry in an order has authorised the company to meet full requirement of CNG retailers like Indraprastha Gas Ltd

Just Dial gains after board nod for hiking FII limit

The board also approved acquisition of just Dial Inc. from Just Dial Global Private Limited.


Beyond Business Rss icon

B K S Iyengar

B K S Iyengar: The man who popularised yoga in the West

With his passing, an era of India's greatest yoga teachers may well have drawn to a close

Fashion designers get ordinary people to model on their shows

Fashion designers are now getting 'regular' people - watchmen, gym instructors, rickshaw pullers - to model on their shows

Commodities

Commodity
Price(Rs)
Change
(%)

27785.00
-427
-1.51

5752.00
+53
+0.93

42105.00
-236
-0.56

235.30
+3
+1.29

424.95
-0.1
-0.02

FEATURES

In Depth Rss icon

Turf wars: Uber's in for a bumpy ride in India

Local radio-taxi operators allege credit-card transactions by Uber are in violation of the country’s foreign exchange rules

Brij Bhushan Singal

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt

Real Estate

Real estate developers offer discounts to push sales

Discounts up to 15% expected this festive season; analysts expect Oct-Dec period to garner sales of at least 60k units across seven major cities

Brand World Rss icon

Horlicks

Makeover for Horlicks, again

This is the third time in four years that the country's largest milk food drink is being relaunched

Why Jet failed to 'Konnect'

The no-frills brand scored poorly on perception, performance, popularity and profit

Business Education Rss icon

B-school cut-offs might go up with new CAT pattern

If difficulty level of exam is lowered, percentile cut-off may become higher