COMPANIES »

Zomato strikes 7th deal, buys Turkish firm


Zomato had forayed into Turkey in Nov 2013, making its website and apps available to users in Turkish and English

ECONOMY »

E-tail regulation might be split among 9 bodies


Each could handle a designated area, says note by consumer affairs ministry

CLEARER SKIES »

Tigerair scraps three-year inter-line pact with SpiceJet


Agreement could not meet even 30% of revenue target, flight schedules could not be matched

MARKETS »

Mega share sales: Will the markets correct?


Most big offers hitting the market saw the broader indices correct 2-4%

AROUND THE WORLD »

Facebook revenue beats forecasts; expenses soar


Revenue increased 49% to $3.85 bn in the Oct-Dec quarter compared to $2.59 bn a year ago, exceeding Wall Street's expectations

PERSONAL FINANCE »

If banks bite the broker bullet...


...it will bring in more transparency, provide multiple choices and reduce mis-selling

FINANCE »

Opaque disclosures hurt govt banks' valuations


PSU banks have failed to cash in boom time despite desperate capital need

BS Poll

Does the Shiv Sena's call for dropping the words 'secular' and 'socialist' from the preamble to the Constitution betray a Hindutva agenda?

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Can't Say  

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Derivatives

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Columnists

The Eagle has not yet
landed

Mihir S Sharma

Sadly, the India-US summit produced more spin than it did deals

Obama and Vishal - Good
photo op

Shyamal Majumdar

The US President was probably unaware that the son of a manual labourer had to abandon studies as his school closed down

Women in command?
Bhupesh Bhandari

The daughter is still some distance away from becoming a truly equal partner

After Alibaba spin-off,
Yahoo! may become a
takeover target

Michael J de la Merced

When the spin-off is complete & Yahoo! has shed its stake in the Chinese e-commerce giant, it's more likely to become hunted rather than hunter

BLOGS


Kavita Chowdhury: On the right to free expression

Defending the right to offend using the free speech argument, but circumscribed by the sensibilities of religious beliefs, is tricky

Abhishek Jha: The baffling case of Stuart Binny's selection

The 'allrounder' got a ticket on the World Cup bus yesterday. Abhishek Jha points out why this selection is biased in more than one way

EDITORIAL COMMENTS

Forward on disinvestment

But bunching up of stake sales not helpful

The currency conundrum

A clear case for applying brakes on rupee appreciation

Financial X-ray

Asian Paints: Weak show to test rich valuations

Poor volume growth and slower pick-up in new businesses might trigger earnings downgrade

Ashok Leyland's Q3 PAT below estimates

Higher tax rate, sequential fall in operating margin impact profit

BOOK REVIEWS

Primary colours of the Indian stock market

Gautam Parikh provides a comprehensive view on the evolution of the stock market

Demolishing an idea of India

In Destruction of the Babri Masjid A G Noorani may seem alarmist, his language somewhat bitter

John Foley

It's complicated
John Foley


Alibaba gives crash course on government relations

Kevin Allison

Burger flipped
Kevin Allison


New McDonald's boss has the right ingredients

CompaniesRss icon

Bharti teams up with Kotak for payment bank

Vodafone-YES Bank, Future-IDFC in talks; Idea Cellular may go solo

Govt may raise Rs 22.3k cr at CIL floor price of Rs 358

Funding and cut-off issues could mar retail participation in today's offer for sale

Adani Enterprises set for mega rejig

Holding company's shareholders may get direct shares in listed power & port subsidiaries


Opaque disclosures hurt govt banks' valuations

PSU banks have failed to cash in boom time despite desperate capital need

Send money 24x7 using only your phone's address book

HDFC Bank's new app to allow customers transfer money to phone contacts

HDFC Q3 net up 12% at Rs 1,425 crore on higher loan growth

As on December 31, 2014, the loan book stood at Rs 2.2 lakh-cr, against Rs 1.9 lakh-cr a year ago, a growth of 14%


Bharti teams up with Kotak for payment bank

Vodafone-YES Bank, Future-IDFC in talks; Idea Cellular may go solo

TTML to raise Rs 2,500 cr by issuing non-convertible debentures

Meanwhile, the company reported a standalone net loss of Rs 169 cr for the quarter ended Dec 31, 2014

Reserve price of 2,100-MHz spectrum stands at Rs 3,705 cr

The base price suggested by the Telecom Commission is around 35% higher than what telecom firms paid for in the 2010 auction


Jaiprakash Power resurrects ghost of past defaults in convertible bonds

Jaiprakash Power Ventures has also clarified that it is confident of its ability to repay the dues on or before March 31, 2016

NTPC bars foreign bids for three solar projects

Only Indian companies will be allowed to bid for the projects

Adani Power gains as Q3 net loss narrows to Rs 429 crore

Adani Power has gained over 2.5% at Rs 51 after the company saw its consolidated net loss narrowing to Rs 429 crore


Tigerair scraps three-year inter-line pact with SpiceJet

Agreement could not meet even 30% of revenue target, flight schedules could not be matched

SpiceJet aims to expand network 30%, add 60 daily flights by April

Despite investment plan approval, airline yet to clear pilot salaries for December

Transport dept finds gaps in applications of Uber, Ola, TaxiForSure

Things that are missing from applications include undertakings for parking, telephone number, email address and address proof of registered ...


Today's picks- 29 January 2015

Nifty, Bank Nifty, Coal India, Ambuja Cement & BHEL

HAL board to be recast by April 1

The company has plans in place to invest Rs 7,000 cr over the next three years

BHEL commissions 600 MW thermal unit in Odisha

Company's scope of work in the contract includes design, engineering, manufacture, supply, erection and commissioning of steam turbines, ...


Today's picks- 29 January 2015

Nifty, Bank Nifty, Coal India, Ambuja Cement & BHEL

Astral Poly Technik posts 47.88% dip in Q3 net profit

Ahmedabad-based Astral Poly Technik Ltd. saw its standalone net profit for the third quarter ended December 31, 2014 for financial year 2014-15 ...

Welspun India's Q3 net up 31% in Q3

Revenues increased 22% to Rs 1,103 cr


Hyderabad firm launches germplasm bank

The Rs 4 cr facility has 107 lockers in which germplasms will be stored from 5-40 years under minus 20 degrees temperature

GSFC's Q3 net profit stands at Rs 103.47 cr

Company's total income decreased to Rs 1344.64 cr

Nagarjuna Agrichem to focus on domestic market

The company has an estimated share of 4 pc in the Rs 13,200-cr domestic agrochemical sector


Sun TV stock unfazed by Marans' woes

Stock rises 1.25%; analysts remain bullish on the scrip

Shemaroo Entertainment extends rally on FIIs buying

FIIs acquired 886,270 shares representing 3.26% stake in Shemaroo Entertainment in past two trading sessions.

Dish TV hits 52-week high on trimming losses in Q3

The stock up 4% at Rs 77.50 on BSE after reported net loss of Rs 2.87 in December quarter against loss of Rs 38 crore in year ago quarter.


Mega share sales: Will the markets correct?

Most big offers hitting the market saw the broader indices correct 2-4%

10 of 12 OFS stocks have underperformed the markets

Out of the 12 companies that raised funds via this route, six stocks are trading up to 46% higher, while four stocks have recorded negative ...

ONGC arrests decline in crude oil production: Chairman

Company over the past decade has seen its output dip by at least 2-3% annually


Adani Enterprises set for mega rejig

Holding company's shareholders may get direct shares in listed power & port subsidiaries

Just Dial net up 8%

The company had reported a net profit of Rs 29.75 crore in the corresponding quarter a year ago

40 years ago...And now: Diversified Voltas' core saved it

From being a juggernaut in the Licence Raj, turning to ACs helped it survive


Beyond Business Rss icon

Majnu ka Tilla: Flashes of a Forbidden Kingdom

The narrow lanes of Majnu ka Tilla in north Delh hide many Tibetan marvels, from authentic food to vignettes of their lives

An unscripted performance explores the power of listening

Two Women Talking, an unscripted performance in the form of a conversation between two women, is a cathartic experience

Commodities

Commodity
Price(Rs)
Change
(%)

27545.00
-214
-0.77

2738.00
-34
-1.23

37659.00
-1813
-4.59

336.10
-1.65
-0.49

167.70
-6
-3.45

FEATURES

In Depth Rss icon

Reforming FCI or cutting back food security?

Shanta Kumar Committee on restructuring FCI has suggested the reach of the National Food Security Act be curtailed to 40% of the population

Airlines get a chance to revive flagging fortunes

Dramatic drop in ATF prices could help airlines shore up their earnings - provided they don't spoil it with a fare war

Real Estate

How the ready reckoner affects property prices

Besides making property more expensive, the rates also affect existing owners with higher taxes

Brand World Rss icon

Voltas’ Crystal ACs keep Congressmen cool (Morarji Desai on the extreme left, with the ACs in the background)

Diversified Voltas' core saved it

From being a juggernaut in the Licence Raj, turning to ACs helped it survive

Kunal Jeswani, O&M’s CEO

Digital crowned again

If earlier digital advertising could be mistaken for an afterthought, increasing senior appointments suggest it is not so anymore

Business Education Rss icon

BITS Hyderabad opens its doors for overseas students

To start with, at its Hyderabad campus, it would take 50 foreign students for its more than a dozen undergraduate programmes from next year