MARKETS »

Markets end lower on May F&O expiry; Sensex sheds 58 points


Financials and pharma shares dragged the markets lower; IT stocks provided support at lower levels.

COMPANIES »

After seven quarters, SpiceJet posts profit of Rs 22.5 cr in Q4


The return to profit came after the carrier benefited from a series of one-off gains including renegotiating contracts and an insurance claim

ECONOMY AND POLICY »

Government looking to award projects worth Rs 3.5 lakh cr in next 6 months: Gadkari


Creation of 25 lakh jobs in the shipping, road, transport and highways sector is also planned, he said

Narendra Modi

ONE YEAR OF MODI GOVT »

People's expectations high, more to be done, says Modi


Govt does not have majority needed in LS to roll out core agenda: Shah

AROUND THE GLOBE »

Two FIFA vice presidents, 12 others charged in US probe


The offences include racketeering, wire fraud and money laundering conspiracy

FINANCE »

Rupee snaps 3-day losing streak; closes 21 paise up


The currency firmed up to 63.80

CURRENT AFFAIRS »

India tops world hunger list with 194 mn people: UN


The number of hungry people in China came down to 133.8 million in 2014-15 from 289 million in 1990-92

BS Poll

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Derivatives

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Columnists

ISIS' impossible
dilemmas

Claude Smadja

ISIS' advances in Iraq and Syria are not just tactical but strategic victories - born of US errors and confusion

Renewables, divestment
and stranded assets

Vandana Gombar

Pressure is building on companies not only to control their emissions but also to be more efficient in their energy use, be responsive

A test of RIL's core
competence

Indrajit Gupta

It may not be long before India’s telecom market is shaken up by the launch of Reliance Industries’ 4G wireless broadband service

Auto industry looks
beyond ownership

Mark Gilbert

Ford reckons the global auto-sharing industry will be worth more than $6 billion by the end of this decade

BLOGS


India keeps high stakes game in Sri Lanka at arm's length

The lack of dates for Parliamentary elections has meant that governance taken a back seat

For BJP, it's time to bite the bullet

The BJP faces uphill battles as Modi's charm starts to wear off, particularly in states where it is already weak

EDITORIAL COMMENT

Becoming competitive

Three sensible prescriptions for the success of 'Make in India'

Closer to normal

Updated monsoon forecasts suggest headroom for rate cut

Financial X-ray

BHEL: Stranded power projects to hit FY16 sales

Higher fixed costs and muted revenue growth might impact earnings for four quarters

IDBI Bank: Q4 surprises; outlook remains muted

Despite cheap valuations, the concern on slippage is much bigger, say experts

BOOK REVIEWS

Tarun Das' capitalism

Das was privy to what went on behind closed doors when industry met government, yet he chooses to disclose little

The resilience of MGR

As Tamil society has evolved in the time since M G Ramachandran, its degrees of complexity have increased

Fiona Maharg-Bravo

Ballot battles
Fiona Maharg-Bravo


Spain starts confusing political transformation

Swaha Pattanaik

Open options
Swaha Pattanaik


Euro pessimists are taking the long view

CompaniesRss icon

Board, shareholders cleared USL accounts: Mallya

Company's accounts for the years 2010 to 2014 were investigated by Diageo after it took over the firm in 2014

P&G's MD-designate Al Rajwani takes off from where Shantanu Khosla leaves

The Indian-origin executive has his task cut out- to ensure the Indian business grows in challenging times

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks


FIPB defers Kotak Bank's proposal to hike FDI limit

The FIPB, however, cleared the proposals of Den Networks, Biocon and Torrent Pharma

Power Finance Corporation profit up 10%, sanctions loans more than targets

The financier's loan assets at the end of FY15 increased to Rs 2,17,042 cr from Rs 1,88,753 cr in FY14

Loan resolution @ SBI

But use the extension of tenure option carefully as it can be done only once


Telcos oppose TRAI proposal on mobile data connection

The Authority came out with a proposal to protect consumers from default activation of mobile internet services that often leads to 'bill

Tanzania to buy back Bharti Airtel's stake in state telecom

To pay 14.6 billion shillings ($7.07 million) to buy back 35% stake

Nokia withdraws plea to sell Chennai unit as buyer backs out

The unit was frozen over a Rs-10,000 crore claim raised by the Income Tax department


Infosys pulls out of developing second campus in Kerala

Ramadas Kamath, Executive VP at Infosys, says company abandoning the project due to lack of infrastructure

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

US court rejects Infosys plea for dismissal of discrimination suit

The ruling of US district court is expected to take Infosys to another phase of a legal battle in the US, where a majority of its business ...


Aurobindo Pharma Q4 net falls 20% to Rs 404 cr

Recommends 1:1 bonus issue

Wockhardt Q4 net plunges 54% to Rs 34 cr

Company's US business, which contributed 27% of the company's global revenues in the fourth quarter, declined 21%

Apollo Hospitals profit drops marginally in Q4 to Rs 77 cr

The company will raise Rs 750 cr through rights issue; money to be utilised towards expansion and repay debt


Escorts Q4 net profit dips 60% to Rs 13 crore

Net sales of the company declined to Rs 811.22 crore during the fourth quarter

Markets end lower on May F&O expiry; Sensex sheds 58 points

Financials and pharma shares dragged the markets lower; select IT and auto stocks provided support at lower levels.

Markets end lower on May F&O expiry

Provisionally, the Sensex ended at 27,506.71, lower by 57.95 points and the Nifty closed at 8,319.00, down 15.60 points


8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

NBCC gains on bagging Rs 378 crore contracts

At 1134 hours, the stock was up 2% at Rs 782 on the NSE.

Seamec surges as board approves share buyback proposal

The stock was up 7% to Rs 118 after the board approved buyback of shares at Rs 125 per share via tender offer.


After seven quarters, SpiceJet posts profit of Rs 22.5 cr in Q4

The return to profit came after the carrier benefited from a series of one-off gains and insurance claim

Jet Airways launches four-day discount offer

The company is offering a million tickets at 25% discount, valid for travel between June 15-October 15

Hotel Leela net profit at Rs 44 crore in fourth quarter

Net sales of the company grew by 3% to Rs 228 crore


Crompton Greaves posts Rs 199 cr loss, receives offers for its overseas business

Company says focus is on profitable domestic business

DFCC signs Rs 5,080 crore contract with GMR consortium

Project involves Project involves construction of 402 km double track line between Mughalsarai-New Bhaupur section of Eastern Dedicated Freight ...

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks


BASF opens R&D centre for agrochemicals in Pune

The Rs 64 cr centre will focus on global agriculture research on herbicides, fungicides and insecticides

Arvind to open first Gap store on May 30

Store will be based in Select City Walk mall in Delhi

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks


Coal India: Improved profitability, a positive surprise

Production increased to 151.9 MT compared to 143.2 MT and off-take was up 3.7% in March'15 quarter

Tata Steel unit sale talks continue but other options eyed

The steelmaker said in October last year it was in talks to sell the unit, which employs 6,500 people

Coal India Q4 net down by 4% at Rs 4,238 cr

Profit is lower due to higher tax expense; CIL core numbers in line with estimates


ONGC Q4 net down 20% on higher costs, low prices and dry well write-offs

The company realised $55.63 per barrel of oil produced as compared to $44.87 in the same period a year ago

ONGC profit dips 20% on higher costs, write-off

Revenue from value added products was down 35% to Rs 1,866 crore

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks


Tree House Education posts over two fold rise in profit at Rs 17 crore

Net profit for January-March quarter of 2014 was at Rs 8.04 crore

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

Adani Enterprises dips on profit booking

The stock gained 17% in the month of May against a 2% rise in the CNX Nifty.


Beyond Business Rss icon

Diya Sethi: Addicted to life

Diya Sethi's brutally honest account of her battle against addiction shows that, contrary to common belief, long-lasting recovery is possible

Pack your bags and take off

Sarahan, 200 km from Shimla, is the perfect getaway

Commodities

Commodity
Price(Rs)
Change
(%)

26855.00
-22
-0.08

3659.00
-54
-1.45

38315.00
-39
-0.1

392.15
-1.7
-0.43

175.20
-8.5
-4.63

FEATURES

In Depth Rss icon

Power

Power reforms gain ground in states

With 40,000 Mw of stalled projects likely to start production soon, states are bailing out discoms and revamping supply network

As Maggi goes off menu, Nestle gears up for damage control

India is Maggi's biggest market in the world

Start-ups

Sean Blagsvedt

Fighting poverty by helping find jobs

Bengaluru-based babajob.com is trying to help unorganised blue-collar workers get better employment

Brand World Rss icon

Daimler

Highway riders

Daimler is taking on its European peers by manufacturing premium trucks in India for the local and global market

A boxer, a queen and a movie studio

Viacom 18 hopes to prove that movies made with small budgets can win big, with critics and at the box office