MARKETS »

Sensex ends above 28,000 on growth prospects


The rally was led by HDFC Group and pharma shares

COMPANIES »

Videocon plans $2.5 billion Brazil oil and gas investments


Company says it is part of its strategy to boost the business

Greece Crisis »

New opinion poll shows 'Yes' vote slightly ahead in Greece


New poll pegs 'Yes' vote at 44.8% compared to 43.4% for the 'No' vote

ECONOMY AND POLICY »

Services PMI falls for the second straight month in June


Composite output contracts for the first time in 14 months to 49.2 points in June

CURRENT AFFAIRS »

Jaipur Metro sacks 25 workers for 'unnotified protest'


An FIR was registered against the protesting workers on a complaint by the JMRC

AROUND THE GLOBE »

Ford recalls 432k cars because of software problem


Due to a software problem, the engine keeps running after the key is turned to 'off' and removed

FINANCE »

IDFC’s Rajiv Lall pay package in FY15 sees a decline of 26%


The cut in package comes ahead of IDFC starting its banking operations this year

Data Stories

The 'Net' effect

A report by McKinsey Global Institute estimates the economic impact of the Internet of Things could be $3.9 tn to $11.1 tn a year by 2025

BS Poll

Will Greek crisis blow over after the referendum?

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No  
Can't Say  

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Derivatives

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Columnists

A financial slave state
T N Ninan

Perhaps Angela Merkel knows the Greeks better than their prime minister, Alexis Tsipras, and finance minister, Yanis Varoufakis. Since the Greek ...

Lessons from the first
year

T C A Srinivasa-Raghavan

Mr Modi seems to have confused the centralisation of power with centralisation of administration

A giant confusion
Aditi Phadnis

India changed its stance towards Britain over Lalit Modi who has ED cases against him, and Vasundhara Raje, who gave the ruling BJP its most ...

Women on the edge
Sunil Sethi

The best-known political by-product of Ekta Kapoor's all-time TV blockbuster is Smriti Irani, India's controversial, and many believe misguided, ...

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

Weekend Columnists

Nine questions for Joan Baez
Malavika Sangghvi

Ever since we heard the first notes from Baez's unique soprano with its three-octave vocal range and distinctive throat vibrato, we had been in ...

With the masterpieces in London
Kishore Singh

A marble Roman torso of Apollo (1st-2nd century AD), a rare and exceptional caleche (carriage) for a princely child (later 18th century), the ...

Financial X-ray

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infra plays: Grabbing market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering,Kalpataru Power and Alstom T&D among analysts' top picks

BOOK REVIEWS

The 'Gang of Four' that made America

The book still offers lay reader a compelling overview of walk-up to Constitutional Convention and its momentous impact for generations to come

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

Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner

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

Videocon's Dhoot to spend $2.5 bn in Brazil oil & gas

The scope for oil from its blocks in the South American country is four times higher than the largest field in India


Videocon's Dhoot to spend $2.5 bn in Brazil oil & gas

The scope for oil from its blocks in the South American country is four times higher than the largest field in India

Rajesh Exports hits new high as board approves acquisition in Europe

In the past one month, the stock has rallied 73% compared to a 4.5% rise in the S&P BSE Sensex.

Videocon gets shareholder nod to raise Rs 5,000 cr

Could raise funds through GDR, FCCBs


Pay package of IDFC's Rajiv Lall sees decline of 26% in FY15

Rajiv Lall, executive chairman, IDFC earned a remuneration of Rs 4.40 cr in FY15 compared with Rs 5.55 cr in 2013-14

FIPB clears Kotak bank proposal to increase foreign investment limit

Investments from FIIs, FPIs and foreign banks had reached 48.55% in the merged entity

United Bank cuts deposit rates by 0.25% for select maturities

The rate of interest will be 7.25% from 7.5% earlier


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


TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infosys to invest $10 million in Irish start-ups

Bags long-term outsourcing deal from Allied Irish Banks

Ramco Systems surges on signing pact with Australian firm

In the past three trading sessions, the stock has rallied 27% compared to a 1.3% rise in the S&P BSE Sensex.


Bliss GVS Pharma zooms 20% on bagging $35 million contract

Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.

Lupin gains on acquisition of Russian drug firm Biocom

The stock was up 2% at Rs 1,915 on the BSE.

No decision on plant closures but will optimise network: Sun Pharma

Sun Pharmaceutical Industries, which recently completed a $3.2-billion acquisition of Ranbaxy Laboratories, is considering rationalising its ...


Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner

Infra plays: Grabbing market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering,Kalpataru Power and Alstom T&D among analysts' top picks

LIC Housing Finance puts Orbit's project on block

It has kept a reserve price of Rs 125 cr


ABB India to raise Rs 600 cr through NCDs

It said the issuance would be subject to approval of the shareholders by way of a special resolution through postal ballot

L&T wins Rs 1,885 cr worth contracts in June

On the domestic front, construction and procurement order was received from Odisha Power Transmission Corporation

BEML hits fresh 52-week high; zooms over 60% in 2015

Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.


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

We have seen over 10% like-to-like growth in June quarter: Govind Shrikhande

Interview with managing director, Shoppers Stop

SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.


Today's picks- 2 July 2015

Nifty, Bank Nifty, Vedanta, Tata Motors & Bharti Airtel

Gopal Singh named as new CMD of NMDC Limited

Singh has been the CMD of Central Coalfields Limited since March 2012. Born in 1961, Singh graduated from the Indian School of Mines, Dhanbad, ...

Coal India Q1 output up 12% at 121.33 mn tonne

The miner has met 99% of its production target of 123.04 mn tonne in first quarter of current fiscal


IOCL to put on stream 3 more petrochemical units by 2020

Combined investment in the two units is pegged at around Rs 13,000 crore

ONGC to cut gas production by 40%

Due to repair work, there will stoppage of production at some wells. Output to fall by 13-14 mmscmd

IOCL and CONCOR to invest in Haryana

Both these projects would entail a total investment of Rs 1250 crore


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

A group of artists, economists and historians has launched a crusade to rescue the city's old houses that are part of its history, but it's a ...

Commodities

Commodity
Price(Rs)
Change
(%)

26300.00
+105
+0.4

3537.00
-104
-2.86

36040.00
+167
+0.47

370.60
-1.75
-0.47

176.90
-4.3
-2.37

FEATURES

In Depth Rss icon

I love Housing.com but am not sentimental about it: Rahul Yadav

Rahul Yadav, the recently-ousted CEO of Housing.com, says he is too logical to be sentimental about the venture he co-founded three years ago

Has Greenpeace jolted the tea industry?

The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides

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

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate