MARKETS »

Sensex plunges around 200 points; Nifty slips below 8,300


At 12:55pm, the Sensex was at 27,390, lower by 175 points and the Nifty was at 8,274, down 60 points

COMPANIES »

OPEC sees rivals boosting oil output despite weak prices


Suggest global oil glut could persist for another two years

ECONOMY AND POLICY »

India's GDP growth tipped to beat China's again


Doubts remain over if new GDP methodology has distorted macroeconomic view

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 »

Pentagon mistakenly sends live anthrax to nine US states, South Korea


There are no suspected or confirmed cases of anthrax infection in potentially exposed lab workers, says Pentagon spokesman

FINANCE »

Banks want RBI to do more than just cut rates to spur lending


Expect the central bank to take steps to boost liquidity if it wants to see pick-up in credit growth

CURRENT AFFAIRS »

Death toll climbs to 1,412 as intense heat wave continues


Andhra Pradesh and Telangana alone account for 1,360 deaths

OPINION »

COLUMNIST »


Mark Gilbert: Auto industry looks beyond ownership

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

Editorial Comment »


Normal monsoon boon for industry, too

Updated monsoon forecasts suggest headroom for rate cut

BS Poll

Has the Modi govt been able to rein in prices during the first year of its rule?

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Can't Say  

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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

Arvind gains as stock quotes ex-demerger

Meanwhile, Arvind said that the company will launch first Gap store on May 30th, 2015.

NBCC gains on bagging Rs 378 crore contracts

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

Adani Enterprises dips on profit booking

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


United Spirits books face MCA, I-T probe

Move follows firm's admission of diversion of money to UB entities; Sebi, NSE ask company to rectify previous financial reports

United Spirits logs net loss at Rs 1,799 cr

However, company's total income on standalone basis rises 5.5% to Rs 2,051 cr during the quarter under review

TTK Prestige net plunges 61% to Rs 10 crore in Q4

Operating profit also declined by 44% to Rs 14 crore


Forbes names Arundhati Bhattacharya among 100 most powerful women

Bhattacharya moves up six spots to the 30th rank

IDBI Bank: Q4 surprises; outlook remains muted

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

IDBI Bank gains as assets quality improves in Q4

The stock rallied 6% to Rs 71 after gross NPAs declined to 5.88% in the March quarter from 5.94% in the December quarter.


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 ...

Tech Mahindra shares tumble most in six years on earnings dip

Company on Tuesday reported a net income of Rs 472 cr ($74 million) for the quarter ended March 31, missing the median Rs 723 cr forecast by 35 ...

Should you sell Tech Mahindra, Tata Motors?

Here is what top brokerages recommend


Claris' sale plan may hit roadblock as USFDA slams form 483 to its facility

Observations relate to insufficient procedures, lacunae in sampling, inadequate training and design deficiencies

33 stocks outperform markets ahead of MSCI inclusion

Though short-term investors can buy these stocks in a hope to make quick returns, long-term investors should look at company fundamentals before ...

Abbott India posts Rs 50 cr profit in Q4

Net sales during the year stood at Rs 2,237.60 crore, while the same was at Rs 2,231.28 crore in the previous year


Tata Motors closes gap with RIL on revenue

Auto maker reported higher net sales than RIL in March quarter

China concern now for Jaguar Land Rover

JLR was forced to cut prices last year on three high-end models in response to a pricing and anti-monopoly probe by Chinese authorities

M&M to launch nine vehicles this year

The launches, including refreshes and all-new models, will be in both the personal and commercial segments


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.

Pre-Market: Stocks to watch in trade on Thursday

Gammon Infrastructure Projects, Tata Chemicals, Max India, Coal India, Hindalco and NMDC are likely to be in the limelight in this session


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

NIIT registers net loss of Rs 151.2 cr in Q4

Its revenue declined to Rs 223.5 crore in the reported quarter as compared to Rs 232.9 crore in the year-ago period


BHEL: Stranded power projects to hit FY16 sales

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

BHEL fourth quarter net down 52% to Rs 888 cr

The major decline in profit came despite a 10.2% cut in expenses to Rs 11,286 cr during the quarter

Thermax's net up 24.5 % at Rs 132 crore

Total income up 10% at Rs 1,521 cr on higher order carry forward from the previous year


Arvind gains as stock quotes ex-demerger

Meanwhile, Arvind said that the company will launch first Gap store on May 30th, 2015.

Godrej Industries rallies on strong Q4 results

The stock rallied 10% to Rs 400 after the company reported a 22% Y-o-Y growth in consolidated net profit at Rs 139 crore in the March quarter.

Godrej Q4 profit up 22%

Godrej Industries reported a 22 per cent increase in consolidated net profit at Rs 139 crore for the quarter ended March


Jindal Steel & Power hits six-year lows on disappointing Q4 results

The stock dipped 4% to Rs 124, its lowest level since January 2009 on the BSE.

Pre-Market: Stocks to watch in trade on Thursday

Gammon Infrastructure Projects, Tata Chemicals, Max India, Coal India, Hindalco and NMDC are likely to be in the limelight in this session

Vedanta to buy up to 5.33% stake in Cairn India on June 3

Analysts say move neutral as stake purchase within promoter group


Vedanta to buy up to 5.33% stake in Cairn India on June 3

Analysts say move neutral as stake purchase within promoter group

Crude awakening for ONGC, Oil India

The falling price of crude oil is good for the government, but less so for state-owned crude oil producers as they gear up for divestment

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


Adani Enterprises dips on profit booking

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

Subdued outlook for GAIL

Weak petchem margins, high feed-stock prices, lower utilisation of gas pipeline infrastructure are likely to keep stock under pressure

Gail (India) dips post Q4 results

The stock weakened by 2% at Rs 379 after reported a lower than expected net profit at Rs 511 crore in March quarter.


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
(%)

26854.00
-23
-0.09

3692.00
-21
-0.57

38317.00
-37
-0.1

393.20
-0.65
-0.17

182.70
-1
-0.54

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