MARKETS »

Nifty hovers near 8,250; Reliance, L&T gain 2%


The 30-share Sensex was up 278 points at 27,405 and the 50-share Nifty was up 812 points at 8,240

COMPANIES »

ICICI Bank out of Russia, trims foreign operations


Lender repatriates capital from its UK, Canada arms over macroeconomic uncertainties, strict regulations and tepid growth opportunities

ECONOMY »

Petro tax under GST: Devil is in the details


Decision to tax petro products pushed 2-3 years, with a two-thirds majority of states within the proposed GST Council required to approve

SPICEJET IN CRISIS »

SpiceJet limps back, ex-promoter Ajay Singh to plan turnaround


SpiceJet on Thursday limped back towards normalcy by operating nearly 230 flights through the day even as it started to quietly offer fares at ...

CURRENT AFFAIRS »

GSLV Mark-III lifts off successfully from Sriharikota


The rocket will double the capacity of payloads India can carry into space

AROUND THE WORLD »

China 2013 GDP revision won't affect growth this year


China raised the estimated size of its economy for 2013 by 3.4% to 58.8 trillion yuan

WEEKEND SPECIAL »

The BMW X5's city adventures


The BWM X5 is unique among luxury SUVs for its focus on day-to-day driving rather than serious dune bashing

OPINION »

COLUMNIST »


Jaimini Bhagwati & Abheek Barua: Yes, the rupee is overvalued

Rupee volatility could be dampened if it is steadily manoeuvred to levels consistent with inflation differentials

Shyamal Majumdar: Do you have any questions?

If an interviewer asks that, the answer should be an obvious one: 'Yes, I do'

ON THE BEAT »


Cricket

The Indian bowlers and their bindaas ways

Dhoni appealed to Ishant Sharma's bindaas ways, and the bowler conceded 47 runs in 9 overs without taking a wicket, writes Joel Rai


BS Poll

Is it time for Prime Minister Narendra Modi to break his silence on the conversion issue and break the deadlock in parliament?

Yes  
No  
Can't Say  

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Derivatives

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Columnists

Yes, the rupee is
overvalued

Jaimini Bhagwati & Abheek Barua

Rupee volatility could be dampened if it is steadily manoeuvred to levels consistent with inflation differentials

Do you have any
questions?

Shyamal Majumdar

If an interviewer asks that, the answer should be an obvious one: 'Yes, I do'

Russians quit London
luxury homes as only
super rich stay

Patrick Gower

Wealthy Russian homebuyers are vanishing from London after driving a wave of foreign investment that lifted property prices to records

The auditor who didn't
agree

Bhupesh Bhandari

RP Singh, who disputed 2G scam figure, may be dead but the debate on the loss drags on

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

Russia in trouble

Perils of open capital account underlined

A temporary reprieve

United States Federal Reserve gives emerging markets a breather

Financial X-ray

Weak oil to offset rising gold imports, CAD estimated at 1.4% of GDP

Current account deficit estimated at 1.4% of gross domestic product

Weakness in rupee likely to stay

Experts believe it is only a matter of time before the currency touches the 64-65 mark

BOOK REVIEWS

A greater escape

Mark Felton has written a straightforward adventure story, which is undoubtedly the object of the exercise, and he’s done it excellently

KP off the bat

'I don't march in step. I don't ask people to trample all over me because it might make them feel better. That's not who I am.'

John Foley

Mud sticks
John Foley


Avon exposes ugly side of doing business in China

Chris Hughes

No Quarta should be given
Chris Hughes


WPP chair should be vertical as well as horizontal

CompaniesRss icon

Monte Carlo lists below issue price

Shares trade at Rs 598 as against issue price of Rs 645

JK Tyre zooms over 35% in two days post stock split

The stock hit a new high of Rs 163, rallied 38% in past two trading sessions from Rs 118 on December 17.

Punj Lloyd rallies on FIPB nod for manufacture of defence items

The stock rallied 9% to Rs 38.65 after FIPB approved the proposal of the company for manufacturing of equipment systems and associated ...


My core aim is to change how this sector and company are perceived: Anand Kripalu

Interview with Managing Director and Chief Executive Officer, USL

HUL joins cross-promotion bandwagon

In a print ad, the company can be seen referring to leading washing machine makers' endorsement of its Surf Excel Matic detergent

Oil and gas, IT sectors contribute 50% to Sensex fall in December

Infosys, which fell 11% in past 10 trading sessions, dragged the Sensex down by 269 points during the period. RIL accounted 208 points fall in ...


ICICI Bank out of Russia, trims foreign operations

Lender repatriates capital from its UK, Canada arms over macroeconomic uncertainties, strict regulations and tepid growth opportunities

SBI approves OTS for mining-affected borrowers in Goa

The bank has proposed 30% waiver on principle loan amount to the truck owners and 40% to the barge owners

PSU banks extend rally; CNX PSU Bank index up nearly 3%

SBI, Andhra Bank, IDBI Bank, Allahabad Bank, Canara Bank, Union Bank and Syndicate Bank are up 3% each on NSE.


Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Airtel to sell telecom tower assets in Zambia and Rwanda to IHS

The deals will allow Airtel to focus on its core business, reduce debt and cut down on capex

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.


Today's picks- 18 December 2014

Nifty, Bank Nifty, Jindal Steel, TCS & Cairn

Intellect Design Area up 5% on listing; Polaris zooms 16%

Intellect Design Arena, the demerged BFSI focused product company from Polaris, listed on the stock exchanges today.

Mastek hits fresh 52-week high; Stock surges over 35% in four-days

The stock rallied 18% to Rs 377, also its fresh 52-week high on the National Stock Exchange.


JK Tyre zooms over 35% in two days post stock split

The stock hit a new high of Rs 163, rallied 38% in past two trading sessions from Rs 118 on December 17.

Autoline Industries soars 20% on stake sale plan in US arm

The board will meet on December 22, 2014, to consider and note status of transaction related to stake sale in the Autoline Industries Inc. USA, ...

Punjab National Bank, JK Tyre turn ex-split today

JK Tyre surged 8% to Rs 129, while Punjab National Bank gained nearly 4% at Rs 225 in early morning trades on BSE.


The two pitfalls that led to SpiceJet's financial debacle

The airline dropped fares to gain customer load, but failed to cover the cost of its flights

IndiGo, Jet Airways gain while SpiceJet loses market share

Overall, the domestic traffic grew 14.35% last month in comparison to last November

SpiceJet crisis unlikely to affect aviation jobs

With new entrants like Vistara waiting in the wings, trimmed workforce likely to be absorbed


Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India

Wagh Bakri rules out IPO

Firm is open to acquisitions to speed up growth; is waiting for GST rollout to decide on new plant site


Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry

Jagran Prakashan hits 52-week high on acquisition plan of Radio City

The stock hit 52-week high of Rs 155 on NSE.


Today's picks- 18 December 2014

Nifty, Bank Nifty, Jindal Steel, TCS & Cairn

Is the fall in Aban Offshore justified?

Impact of lower crude oil prices will be offset by de-leveraging gains, say analysts

Domestic oil producers lose Rs 1.4-lakh-cr value in 6 months

Goldman says sector could lose $1 trillion globally if $60 becomes the new normal for Brent crude oil


Technology Rss icon

YU launches 4G Cyanogen OS-based phone for Rs 8,999

The product will go up for registrations via Amazon on Friday

Beyond Business Rss icon

TB is the new lifestyle disease

Crash diets, stress and chronic diseases have brought immunity levels down and made TB a modern-day ailment that is affecting even the affluent

The day I become a Hobbit

The Shire where JRR Tolkien's Hobbits live has now moved from fiction to a farm in New Zealand. It left Latha Srinivasan in a daze with its ...

Commodities

Commodity
Price(Rs)
Change
(%)

26848.00
+33
+0.12

3498.00
-69
-1.93

36516.00
-39
-0.11

403.05
+1.1
+0.27

232.10
+1.5
+0.65

FEATURES

In Depth Rss icon

No consensus on what will replace Plan panel

Some of the proposals might be difficult to implement, especially those that give states a say in the financial allocations in Central schemes

For Bahl, it's 18 all over again

Since his exit from the broadcasting empire he founded, Raghav Bahl has been moving swiftly to prepare for the launch of his mobile news service

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

Nifty targeting gets Bharat Benz rolling

Daimler's medium-heavy trucks have earned it around 7 per cent share, it claims

Advertising helped insure LIC against competition

For the state life insurer aggressive marketing wasn't on its mind in the 1970s. But it soon changed

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