MARKETS »

4 reasons why Sensex slipped 700 points today


Here are a few reasons why the Sensex and Nifty slipped in trade today

COMPANIES »

Cipla promoters to vest voting rights with Yusuf Hamied


Yusuf's nephew Kamil to inherit voting rights in future

ECONOMY AND POLICY »

HSBC sevices PMI falls for second straight month in April


Slow growth prompts services to shed jobs

FROM THE AUDITOR’S DESK »

CAG seeks clarity on RIL’s dollar margin


Says inadequacies led to loss of nearly Rs 12,000 cr in fertiliser subsidy over recent years

CURRENT AFFAIRS »

Coal scam: Naveen Jindal, Koda, 13 others summoned as accused


Special CBI Judge Bharat Parashar directed all the accused, including five firms, to appear before his court on May 22

AROUND THE GLOBE »

Accused 'flash crash' trader tells UK court he did nothing wrong


Navinder Singh Sarao has been charged by the US Justice Department with wire fraud, commodities fraud and market manipulation

FINANCE »

Sebi notifies debt conversion norm for banks in distressed cos


Move will give bankers larger say in distressed firms by allowing them to acquire majority stake and take over management

BS Poll

Will Salman Khan's conviction put an end to his film career?

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Derivatives

Opinion Rss icon

Columnists

Closing the infra gap
Ashok Lahiri

The developmental logic behind the new BRICS Bank is compelling

Build one India, brick
by brick

Subir Roy

The ghar wapsi-love jihad-church vandalising elements have to be told to cease and desist or face the strong arm of the law

Will Carson and Fiorina
disrupt GOP race?

Jonathan Bernstein

No one remotely like Ben Carson and Carly Fiorina has come close to winning a US presidential nomination in the modern era

McDonald's chief
promises turnaround in a
restructuring

Hiroko Tabuchi

Steve Easterbrook has promised to refashion McDonald’s into a modern, progressive burger and breakfast restaurant

BLOGS


How about a Babaji ki butti to cure the incurable?
Jyoti Mukul

If Ramdev weren't a Baba, but a mere salesman, what would he make of a medicine or a herb named Putrajeevak Beej?

Nepal quake and its lessons for disaster (un)preparedness

Despite loads of relief material and foreign rescue teams in Nepal, the state has failed to respond adequately in helping the victims

EDITORIAL COMMENT

A backward step

Why is India still on the US' IPR watch list?

Competition to the end

Behind Berkshire Hathaway's 50th anniversary

Financial X-ray

Frontline stocks & broader markets may crack further

High frequency indicators hit a low in March

SKS Microfinance: Good show likely to continue

A banking licence, if awarded, could be a key trigger

BOOK REVIEWS

Holding the family business together

Family companies have not received the deserved attention and have, in fact, been vilified for corporate nepotism and lack of professionalism

Essential reading on tomorrow's cities

The book contain a wealth of knowledge for those interested in details of what is happening in cities around the world

Robert Cyran

20-20 foresight
Robert Cyran


Cisco safely and slowly routes leadership change

Peter Thal Larsen

Battle of the bulge
Peter Thal Larsen


China's investment bank wannabes face long march

CompaniesRss icon

Colgate discontinues toothpowder manufacturing at Waluj plant

Move follows VRS accepted by firm's employees; Colgate says it has sufficient stocks and alternatives to meet market demand

Marico eyes 35% revenue from abroad

Expects to achieve this in the next few years as it eyes next leg of growth

Nivea commissions first Indian factory at Sanand

In phase-1, plant's annual capacity is just over 100 mn units, making creams, lotions, shower products and lip care


State Bank of Bikaner & Jaipur plans to raise Rs 700 cr capital

SBBJ's current capital adequacy ratio as per Basel III norms stands at 11.57%

Sensex tanks 723 pts to lowest point in 2015

FII selling spree continues, as key index sinks below 27,000

Now, a personal loan disbursed every minute from HDFC Bank

Bank eyers 50% growth in personal loans


India smartphone market shrinks 7% in Q1: CMR

Overall mobile handsets market, including feature phones, declined 15% to 53 mn units in Jan-March period

Bharti Airtel gains on talk MSCI to raise weightage to 2.6%

Bharti Airtel is likely to attract inflow worth Rs 20 crore in the counter

Airtel Zero violates net neutrality, says DoT secy

Says nobody forced telcos into licensed spectrum regime and they never objected to OTT ecosystem earlier


Cipla promoters to vest voting rights with Yusuf Hamied

Yusuf's nephew Kamil to inherit voting rights in future

FIIs dump more than Rs 9,000 crore of equities in nine sessions

At 1245 hours, the Sensex slipped 2.3% at 26,815; the index has fallen 3.8% or 1,075 points from 27,890 on April 22.

Sebi okays Cipla's voting rights proposal

The request for approval relates to a letter written by Hamied in October 2014 to Sebi


Pricol buys Johnson Controls' 50% stake in JV for $3.1 mn

Formed in 2012 to make instrument clusters, displays and body electronics for automakers, the JV is now wholly-owned by Pricol

Pricol acquires partner's shares in JV for $3.15 mn

The JV was announced in 2012 to manufacture auto components

Apollo Tyres to invest Rs 1,500 cr at Chennai unit

The company has already invested Rs 2,100 crore in the facility


NTPC plans to raise $1 billion through foreign currency bonds

The power producer envisages that the renewable energy will contribute 28% to its capacity of 1,28,000 MW by 2032

Sensex drops over 500 points; Nifty tests 8,150

There is selling pressure across sectors, with banking, metal and oil stocks doing the most damage.

MEP Infrastructure falls below issue price

Shares of MEP Infrastructure Developers were trading at Rs 56.70, 10% below its issue price of Rs 63, on the BSE.


CCI directs DG to probe alleged restrictive practices of Ola Cabs

The order was issued on a petition filed by Chennai-based Fast Track Call Cab Pvt Ltd

Jet, Etihad alliance working, slowly

As partnership completes two years, Indian carrier is yet to achieve strong profit

Indian Hotels takes revival road under new CEO

The Tata company, which has not recorded any profit since 2012-13, is hoping to benefit from a slew of strategic measures over the next two


Sluggish capex cycle hits ABB's March quarter earnings

The company's revenues during the quarter remained flat year-on-year at Rs 1815 crore

Sensex tanks 723 pts to lowest point in 2015

FII selling spree continues, as key index sinks below 27,000

Bloodbath on Dalal Street; Sensex sinks more than 700 points

All the sectoral indices received a battering, with banking, metal, oil and capital goods indices shedding a whopping 3%-4% each.


PCBL registers profit of Rs 12.64 crore

Turnaround attributed to improved sales volume, better cost management and sourcing of raw materials

Ashapura Intimates Fashion hits record high on fund buying

On May 4, DSP Blackrock Mutual Fund purchased 640,000 equity shares of Ashapura Intimates Fashion at Rs 214.95 per share on the BSE.

Future to merge retail biz with Bharti Retail

Share swap deal pegged at Rs 750 cr


We're open for talks if Tata Steel lifts threat of closure of pension scheme: Union

Tata Steel will have to live with decision of employee strike if they do not approach us

Bloodbath on Dalal Street; Sensex sinks more than 700 points

All the sectoral indices received a battering, with banking, metal, oil and capital goods indices shedding a whopping 3%-4% each.

Today's picks- 5 May 2015

Nifty, Bank Nifty, Tata Steel, Mahindra & Mahindra & Coal India


Eros International, Mandhana drop after court convicts Salman Khan

Eros International has global distribution rights for the actor's two maiden productions while Mandhana Ind has exclusive deal with Being Human ...

Enforcement Directorate seeks dismissal of Sun TV's petition

Highlights Supreme Court orders restricting any other courts from interfering in the related disputes

Sun TV, Kal Comm move HC against ED's attachment order

Court admits petition and asks Directorate of Enforcement to file a counter


Urban Ladder mulls another Rs 750 cr in fund raising

Prior to this, the Ratan Tata-backed firm had raised $77 million in two tranches from a clutch of PE investors

Petronet LNG: Near-term demand concerns

Restarting fertiliser plants might help but price difference between long-term RLNG and spot cargo will keep overall demand muted

Mid-cap. Small-cap indices decline 3%

Century Textiles, Strides Arcolab, Wockhardt, IRB Infra, Havells India and TVS Motor were down over 6% on the NSE.


Technology Rss icon

Xiaomi Mi 4i: Impresses, with a little tut-tutting

Right size, top-notch features; camera, processor could've been better though

Beyond Business Rss icon

Don't sweat it

Yes, the temperature might be in the 40s. But a Flexi jacket can keep you looking cool

On a raw vegan diet

Uncooked, fresh and unprocessed - that's the diet a number of people are swearing by

Commodities

Commodity
Price(Rs)
Change
(%)

26865.00
-15
-0.06

3955.00
+98
+2.54

37855.00
-103
-0.27

413.80
-0.65
-0.16

179.20
+2.1
+1.19

FEATURES

In Depth Rss icon

After sports, Star bets on mobile TV with hotstar

With 16 million downloads, Star's mobile TV app is among the fastest growing digital services in the world. Can it prove to be a game changer?

Indian Hotels takes revival road under new CEO

The Tata company, which has not recorded any profit since 2012-13, is hoping to benefit from a slew of strategic measures over next two years

Start-ups

Troubles galore for Housing.com

The real-estate start-up has been in news for various reasons for the past one month

Brand World Rss icon

Ice cream players ready to beat the heat

While Amul plans expansion, Havmor launches 'leaner' range and others are focusing on candylines

Unilever says its socially responsible brands outperform rest

Says these brands accounted for half the company's growth in 2014