MARKETS »

Sensex opens below 28,000 on weak Asian cues; Shanghai dips 4%


Sensex opened at 27,905 levels, down by 266 points while Nifty fell below 8,500 to open at 8,427, down by 83 points.

COMPANIES »

Indian IT outsourcing firms seek booster shot from Obamacare


Healthcare related contracts expected to rise in the US due to Obamacare

ECONOMY AND POLICY »

With lubed-up economy, refineries recovering from slide


As production at refineries grows, the second of a 5-part series analyses how India's economic growth is driving energy consumption

Greece Crisis »

Euro zone gives Greece until Sunday for debt deal


But Merkel says 'not exaggeratedly optimistic' for a solution

AROUND THE GLOBE »

Facebook to add more computing power with Texas data centre


The first phase of the $500 million project in Fort Worth, Texas will span about 5,00,000 square feet

CURRENT AFFAIRS »

Call drops: DoT to check network quality across metros


The department will also conduct a special audit of quality of service parameters focused on network performance

FINANCE »

ICICI Bank looks to grow its mobile banking business


The bank recorded transactions worth Rs 16,000 cr via mobile banking platform in FY15

OPINION »

COLUMNIST »


Shyam Saran: The Beijing paradox

China's unprecedented effort to prepare global public opinion for its rise to pre-eminence

A K Bhattacharya: A new breed of campaigners

The changing face of election campaigning in India is yet to receive the attention it deserves from social scientists and political parties

BS Poll

Law Minister D V Sadananda Gowda has termed the Vyapam scam as a "silly issue" on which Prime Minister Narendra Modi need not comment. Do you agree with Gowda?

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Columnists

The Beijing paradox
Shyam Saran

China's unprecedented effort to prepare global public opinion for its rise to pre-eminence

A new breed of
campaigners

A K Bhattacharya

There was the Citizens of Accountable Governance, often guiding direction of its campaigning strategy in response to evolving political

Now playing - The
small-town movie

Vanita Kohli-Khandekar

Small-town flavour is becoming an important part of the Hindi film narrative

Construction needs a
helping hand

Vinayak Chatterjee

Adverse circumstances have battered the sector; a spirited reset is in order

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

Beyond the referendum

Now, EU has to face the challenge of Greece's exit

Not yet one market

Agricultural marketing reform should first take states on board

Financial X-ray

Content monetisation to drive Eros' earnings

Diversified revenue streams and strong movie pipeline key positives

Tata Chemicals: Exit from fertilisers will be positive

Even with the fertiliser unit, the company's prospects look strong

BOOK REVIEWS

Women & their power equations

30 Women in Power: Their Voices, Their Stories, is a collection of personal stories told in the words of women who did rise to the top

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

United Spirits sells UB shares worth Rs 872 cr to Heineken, loses 'promoter' status

Vijay Mallya slowly losing control of the beer firm

Greek crisis prompts SBI to delay $1.5-billion bond sale

Those planning large borrowings are concerned about pricing of instruments

Axis Bank launches touch identification for iPhone users

Though the feature is currently available only for iPhone users, within three months, the bank is looking at launching this facility for Android ...


Greek crisis prompts SBI to delay $1.5-billion bond sale

Those planning large borrowings are concerned about pricing of instruments

Axis Bank launches touch identification for iPhone users

Though the feature is currently available only for iPhone users, within three months, the bank is looking at launching this facility for Android ...

L&T Finance Holdings gains as private equity firm eyes stake

The stock is up 5% at Rs 69.75 on reports that American private equity fund Warburg Pincus is in talks to purchase stake in the company.


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

Tech Mahindra hits fresh 52-week low

The stock is down nearly 2% at Rs 464, extending its past week's 10% decline on the NSE.

Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990


AstraZeneca not importing enough of diabetes drug: Lee Pharma

The move was a sign of the evolution of compulsory licensing in India, say experts

IPAB sets aside order passed against Lupin

Lupin contested that its amended claims for chewable antibiotic tablet Cefixime was not considered by the patent office

Markets shrug off Greek drama; recover from day's low

After an initial decline, markets take cue from resilience of global counterparts


Maruti's used car business revved up in FY15

The sheer volume of units sold makes True Value (Maruti's pre-owned car business) the third largest domestic passenger vehicle seller ...

What makes Eicher Motors click with investors

Its share price has zoomed from Rs 1,300 to Rs 21,580 in four years. Analysts say it has gained from MD & CEO Siddhartha Lal's focused ...

Safety pays off for Toyota

In the double-digit sales growth list last financial year, the Japanese car maker was the only one without new launches


DLF turns heat on Idco, labels notice illegal

Idco in May this year, had warned of stringent action against DLF for keeping a large chunk of land idle meant for developing its Rs 1000-crore ...

Unity Infraprojects gains on share issue to lenders, promoters

The board has allotted equity shares at Rs 27.52 per share which is at a premium to the current stock price

Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT


Etihad beats Gulf rivals to become fastest growing foreign airline

Jet Airways remains the number one airline serving foreign routes from India based on the number of seats offered and passengers flown

Regional airline TruJet to launch operations from July 12

The Hyderabad-based airline has two 72-seater ATR-72 turbo prop aircraft on lease and plans to induct five planes by next March-end

Aviation stocks gain on falling oil prices; Jet Airways soars 20% in two days

At 1200 hours, Jet Airways was up 9% to Rs 337 and SpiceJet by 7% at Rs 21 on the BSE.


L&T Metro signs MoUs with Indus Tower, Reliance Jio

Indus, Reliance Jio to enable passengers to have strong cell phone signals while commuting in metros

Sterlite Technologies eyes defence contract worth Rs 7,000 cr

Company is bullish on the defence sector, says Anil Agarwal

VA Tech WABAG wins Rs 5,800-cr project in Bahrain

WABAG will design and build 40-mld Al madina Al Shamaliya sewage treatment plant for housing ministry


Chemical business to aid SRF's sales, margin growth

High entry barriers and expertise in the speciality chemicals business are positives

DJ Pandian resigns as chairman of Gujarat Alkalies and Chemicals Limited

Pandian had retired as Chief Secretary of Gujarat government on May 31

Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well


Today's picks- 7 July 2015

Nifty, Bank Nifty, HPCL, Hindalco & Vedanta

NMDC to set up 3 mtpa steel plant in Karnataka

Company will soon sign an MoU with state govt for setting up a special purpose vehicle to implement the project, which will see an investment of ...

Coal India, Bajaj Finance, BPCL, Jubilant FoodWorks hit 52-week high

HPCL, IOC, Dabur India, Britannia Industries, BEML and SRF are among 143 stocks to hit 52-week highs on the BSE.


Black tea: McLeod Russel to gain from Kenya dry spell

Drought in Kenya is threatening to cut output, and a dip in global supply may help boost auction prices for McLeod Russel this year by 8%

Tata Chemicals: Exit from fertilisers will be positive

Even with the fertiliser unit, the company's prospects look strong

Delhi HC asks Centre to resume gas supply to fertiliser firm

The court also said that the respondents should implement its policy uniformly and without discrimination


Beyond Business Rss icon

Vijender Singh: Punching above his weight?

For the glamour-smitten boxer, turning pro was the next logical step

Kolkata's crumbling legacy

Group of artists, economists, historians launched a crusade to rescue city's old houses that are part of history, but it's difficult fight

Commodities

Commodity
Price(Rs)
Change
(%)

26052.00
-276
-1.05

3311.00
-73
-2.16

34655.00
-1526
-4.22

348.20
-9.1
-2.55

173.40
-2.3
-1.31

FEATURES

In Depth Rss icon

What makes Eicher Motors click with investors

Its share price has zoomed from Rs 1,300 to Rs 21,580 in four years. Analysts say it has gained from MD & CEO Siddhartha Lal's focused approach

Good enough for China, but India spurns Arjun

For some inexplicable reason, the army prefers to use Russian armour; Arjun is deployed in only two of its 63 armoured regiments

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

Safety pays off for Toyota

In the double-digit sales growth list last financial year, the Japanese car maker was the only one without new launches

UMumba gets the eyeballs

The kabaddi league's Mumbai franchise targets Rs 15 crore in sponsorship revenue in season 2