ONE YEAR OF MODI GOVT »

55% of Lok Sabha MPs have not spent a rupee on constituencies


Prime Minister Narendra Modi's constituency Varanasi has utilised 16% of the Rs 5 crore

MARKETS »

Nifty breaches 8,350; rupee nears 64 levels


Sensex ended the session at 27,531 levels, while the Nifty lost 31 points to 8,339 levels

COMPANIES »

Tech Mahindra Q4 numbers disappoint, net down 23% at Rs 427 cr


However, revenue jumped 22% to Rs 6,051 cr

ECONOMY AND POLICY »

There is scope to ease monetary policy: Arvind Subramanian


Says adequate food stocks would help contain inflation

AROUND THE GLOBE »

Charter agrees to buy Time Warner Cable for $56 bn


The Federal Communications Commission will closely scrutinize the deal, focusing not only on absence of harm but benefits to the public

FINANCE »

ICICI Bank, Axis reduce employee head count


Private bank majors focus on lower cost-to-income ratio, digital medium

CURRENT AFFAIRS »

AP heatwave death toll crosses 550 mark


Guntur district recorded maximum 104 deaths, followed by East Godavari-90, Vizianagaram-84, Visakhapatnam-61 and Prakasam district-57

BS Poll

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Derivatives

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Columnists

Nurturing shipyards: the
case of HSL

Ajai Shukla

Hindustan Shipyard cannot be thrown to market wolves

The world needs a new
Nash equilibrium

Madhav Raghavan

The most famous concept in game theory will live forever. The stage is set for the 21st century. We just need a new Nash

#JayaReturns: Notes from
a political comeback

Sreenivasan Jain

Elsewhere in India, there may be gestures to shed the trappings of the VIP culture. But not in Chennai

A national logistics
grid

Prashant K Singh

The existing stock of logistics infra consists of sparse, narrow roads, and a few airstrips and helipads dotting the inaccessible regions

BLOGS


How about a Babaji ki butti to cure the incurable?
Jyoti Mukul

If Ramdev weren't a Baba, but a mere salesman, what would he make of a medicine or a herb named Putrajeevak Beej?

Nepal quake and its lessons for disaster (un)preparedness

Despite loads of relief material and foreign rescue teams in Nepal, the state has failed to respond adequately in helping the victims

EDITORIAL COMMENT

Below Raisina Hill

Second rung of ministries will determine NDA's fate

Begin with retail

One-size-fits-all policy needed for online and offline retail

Financial X-ray

Jyothy Labs: Healthy operational performance

Growth in key brands, benign input costs are key positives

Future Retail: Operational metrics improve in Q4

Retail business sales grow 18%, operating income rises 24%

BOOK REVIEWS

An American soldier's troubling story

God Is Not Here is full of Iraqi voices expressing outrage at the Americans

The technical vision of Elon Musk

Ashlee Vance traces the chaotic early years of these two firms – SpaceX and Tesla, respectively – with a compelling ticktock of events

Swaha Pattanaik

Blinded by the light
Swaha Pattanaik


Cult of central bank transparency is too powerful

Andy Mukherjee

Lofty distraction
Andy Mukherjee


Malaysia's GDP blueprint has a credibility deficit

CompaniesRss icon

Corporate spending has tightened on all counts: Vineet Nayyar

Interview with Executive Vice Chairman, Tech Mahindra

ICICI Bank, Axis reduce employee head count

Private bank majors focus on lower cost-to-income ratio, digital medium

HSMC in talks with EXIM bank of US and Japan for funding

HSMC seeks funding of $3.5-4 bn for the project, in which ST Microelectronics and Silterra are the other two partners


HSMC in talks with EXIM bank of US and Japan for funding

HSMC seeks funding of $3.5-4 bn for the project, in which ST Microelectronics and Silterra are the other two partners

Jyothy Labs: Healthy operational performance

Growth in key brands, benign input costs are key positives

Markets remain subdued; Nifty slips below 8,450

Metals and FMCG stocks are trading weak, while Bharti Airtel, ONGC and M&M have rallied more than 1%


ICICI Bank, Axis reduce employee head count

Private bank majors focus on lower cost-to-income ratio, digital medium

Syndicate Bank to raise Rs 2,000 cr through QIP issue

The bank has convened an annual general meeting on June 26 to seek approval from shareholders for the proposed capital raising plan

Corporation Bank cuts lending rate by 0.25 per cent

New base rate stands at 10%; Other banks that made similar cuts include PNB, Bank of Baroda, and IDBI Bank


Divi's Labs: Margin boost fails to impress

The key to growth will be genericisation of key niche products over the next few years

Suven Life Sciences Q4 net falls 47% to Rs 17 cr

Total income for the quarter declined 13.28% to Rs 114 crore from Rs 132 crore in the corresponding previous quarter

Lupin gains on inclusion in Sensex from June 22

Lupin has outperformed the market by surging 8.6% from its recent lows of Rs 1,633 on May 14, despite reporting disappointing set of numbers for ...


Tata Motors Q4 profit tanks 56% as JLR disappoints

The management warned that there could be further pressure on margins in the current and upcoming quarter

Tata Motors: Higher depreciation expenses & revaluation of forex debt hits Q4

A 56% year-on-year decline in net profit to Rs 1,717 cr was nothing less than a shock

Nifty breaches 8,350; rupee nears 64 levels

Sensex ended the session at 27,531 levels, while the Nifty lost 31 points to 8,339 levels


Shares of PNC Infratech fall 5% on debut

The firm's IPO saw weak demand from retail and HNIs, but was bailed out by institutional investors

Coldwell Banker India eyes Rs 400 cr brokerage potential market of Pune

Enters Pune market after Mumbai and Bangalore, to add 30 franchisees by 2015-end

Punj Lloyd bags NHAI's Rs 542-cr Bihar project

The project, the four-laning of Gorakhpur-Gopalganj section of NH28, is scheduled to be completed in 24 months


United Bank says lost hope to recover money from Kingfisher

Kolkata-based lender was the first bank to try and get Vijay Mallya, chief of Kingfisher Airlines, tagged as wilful defaulter

Domestic air traffic up 23% in April

IndiGo consolidates leadership position with 37.8% market share

SpiceJet completes 10 yrs on Saturday; to hold flash sales

Company offers flat 10% discount on its select domestic flights with a single day five-hour booking period


Raymond rebrands home textile products under 'Raymond Home'

The company is targeting Rs 300-cr sales from home furnishing products division in next three years

Lambodhara Textiles zooms nearly 200% in one month

Since April 23, the stock has appreciated nearly 200% from Rs 154 to Rs 449 compared to a 1% decline in the CNX Nifty.

Future Retail net jumps five-fold in Q4

Net sales rise 19% at Rs 2,740 cr


CIL decision to cancel coal won by JPL comes under HC lens

A bench of justices observed 'this was not how the govt should function'

JSW Steel's April output grows 2% to 1.01 mn tonnes

Production of long steel used in construction sector, however, declined 19% at 133,000 tonnes in April

Markets have a soft start; Sensex hovers at 27,800

The FMCG and metal stocks are dragging the markets lower, while the IT stocks are trading higher on the back of a weak rupee.


Maggi noodles samples to undergo lab test: Gundurao

Karnataka may consider banning the product if its contents prove to be hazardous

Maggi issue wake-up call for food cos: CSE

Activist body, best known for raising the pesticide in colas issue a decade before, say enforcement of food regulation must get stringent as ...

UPL hits record high; surges over 25% post Q4 results

The stock rallied 28% to Rs 555 from Rs 434 on April 24 on the BSE.


Dish TV: Connection with profits now in place

Control over costs along with strong topline growth will enable further margin expansion for Dish TV in FY16

Dish TV Q4 PAT at Rs 35 crore

Total income rises 17% to Rs 768 crore

Dish TV hits over three-year highs as Q4 beats estimate

The stock has moved higher by 8% to Rs 91.65, its highest level since July 2011 on the NSE.


Nifty breaches 8,350; rupee nears 64 levels

Sensex ended the session at 27,531 levels, while the Nifty lost 31 points to 8,339 levels

Reliance Industries aggressive on treasury operations

Current investment jumped 50% in FY15; cash & bank balance was down 67%

Essar Oil net profit drops 46% in Q4 to Rs 546 cr

Gross revenue for the quarter stood at Rs 19,252 cr, which was 30% lower than year-ago period


Ricoh India soars on robust Q4 results

The stock hit a record high of Rs 945 in intra-day trade and rallied 44% in past two weeks on the BSE.

Allcargo Logistics to invest $500 mn in next 3-5 years

Aims to become a $2-bn company by 2020

VRL Logistics gains as Q4 profit more than doubles

The stock was up 3% at Rs 306 and hit a new high of Rs 310, since its listing on April 30, on the NSE in intra-day trade.


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
(%)

26934.00
-227
-0.84

3757.00
-73
-1.91

38615.00
-525
-1.34

395.30
-4.5
-1.13

183.30
0
0

FEATURES

In Depth Rss icon

Maruti Suzuki

Maruti smartens up to attract premium buyers

It is building new showrooms called Nexa for high-end cars; experts don't expect volumes to be high initially

All eyes on Brazil as Indian coffee prices dip

Unseasonal rain, rising costs and a global slowdown in production has driven coffee prices in India down

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

Jupiter

Ready for the dirt track

TVS Motors is investing heavily in its new scooter brands. Will the market respond?

Saugata Gupta

Branded for value

Marico wants a slice of the Rs 5,800-crore value-added hair oil market