MARKETS »

Markets hit fresh record highs; Nifty tops 8,100


The Sensex topped 27,000 while the Nifty topped 8,100 led by HDFC Group shares

ECONOMY »

Over half of PlanCom staff to be farmed out


New body to replace Plan panel might retain 40% of existing staff

MODI'S JAPAN VISIT »

Modi drums up support for Indian business in Japan


On the occasion, he invited Japanese people to visit and explore India and spread the word about their experience

Around the world »

Pak Parliament holds emergency session to discuss political crisis


The joint session of the Senate and the National Assembly will adopt a resolution to support Prime Minister Sharif

COMPANIES »

UBI declares Mallya wilful defaulter


Kingfisher Airlines says it will contest bank's move in Supreme Court

SME WORLD »

'Micro units' surplus too small to fund growth'


Government policy has long focused on the employment generation ability of MSMEs rather than their scale of operation

FINANCE »

CVC questions senior appointments in PSBs


The names of the officials were shortlisted during the tenure of the last UPA government

BS Poll

Vijay Mallya has accused United Bank of India of unfair treatment and says that he is not a 'wilful defaulter'. Do you agree?

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Columnists

Now for the hard part
Rajeev Malik

Raghuram Rajan has work to do, in order to broaden and cement his legacy

The day nothing happened
Ajai Shukla

India has victories, brave deeds and valorous soldiers who deserve celebration

CCI spares a thought for
car owners

Avirup Bose

Its ruling on anti-competitive practices of car makers will go a long way in reducing exploitation to which consumers are subject

The revenge of
brick-and-mortar retail

Alokananda Chakraborty

Traditional retail's new mantra: first mess up the stores and then spook buyers

BLOGS


5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

Why capping own ATM usage is not a good idea

Instead of encouraging customers to adopt technology, RBI's latest move may mean more crowding at bank branches

EDITORIAL COMMENT

A wayward path

CBI should be held accountable for errors

Starving a dinosaur

Don't unbundle Food Corporation, prune it

Financial X-ray

Few GDP upgrades for FY15, despite Q1 show

Recovery in growth can sustain at current levels only if services and investments pick up

Dr Reddy's: Concerns fail to deter investors

Street not perturbed over rising competition for products in US, as overall pipeline remains strong

BOOK REVIEWS

Golden opportunities for war

Kwasi Kwarteng's War and Gold is about the economics of war and the use and abuse of the gold standard

Seoul survivors

The first third of The Birth of Korean Cool – probably the best part – reads like an owner’s manual of how to be Korean

Ian Campbell

Prescient lemmings
Ian Campbell


Gold's geopolitical ledge won't hold up

Peter Thal Larsen

Free to lose
Peter Thal Larsen


Democracy snub leaves Hong Kong only bad choices

CompaniesRss icon

SPML Infra gains 5% on Rs 1,232 crore new orders

The company has won new orders worth Rs 1,232 crore from Uttar Pradesh Jal Nigam, Agra and Sardar Sarovar Narmada Nigam, Gandhinagar.

Punj Lloyd up 5% on talk of stake sale in Medanta Medicity

Meanwhile, the board is schedule to meet tomorrow to consider private placement of non convertible debentures, subordinated debt instruments and ...

BEL forms JV with Thales for radar business

Bharat Electronics Ltd (BEL), the Bangalore-based defence PSU, has formed a new joint venture company with France-based Thales Air Systems SA ...


Launches key to Nestle's fortunes

Market has cheered company's renewed aggression on innovations and launches; current valuation could limit upside

E-commerce catches the eye of consumer durables companies this festive

While it remains small at the moment, it is slated to grow in the next 3 to 4 years.....

Bajaj Electricals gains on winning four new orders

The stock hit a high of Rs 302 and a low of Rs 293 so far during the day.


Reliance Capital's banking plan gets a Japanese touch

Reliance Capital - the NBFC arm of the Anil Ambani group - will once again try its luck for a bank licence

SBI signs $152-mn export pact with Japanese bank

Agreement was signed by SBI Chairperson Arundhati Bhattacharya and JBIC Governor Hiroshi Watanabe in Tokyo

Debt private placements down 55% in June quarter

Lower fund raising by banks and financial institutions contributed to the decline, according to first quarter statistics from PRIME Database


Bharti Airtel hits 30-month high

The stock rallied nearly 6% to Rs 392 from Rs 370 in past two trading sessions on National Stock Exchange.

Bharti Airtel gains on acquiring Kenyan mobile brand yuMobile

With the acquisition of yuMobile, the company's subscriber base will expand by 2.7 million

Intex-Mozilla's price play may get buyers, but may fail to retain them

The low price will get new users but they are likely to upgrade to smarter phones sooner


Buoyed by demand, Wipro plans to double headcount in Muscat

Company currently has 70 employees in the region; employee expansion to be done over next 12-18 months

NBHC moves technical data from FT's server

NBHC has developed a client's interface which provides customized details of commodities

Online pharmacy Medybiz to tie up with insurance cos to boost growth

Sees huge potential in day-care market, seeks tie up with those firms that also cover such expenses


Cipla zooms 9% on launch of anti-asthma inhaler in Germany, Sweden

The pharmaceutical firm launched an anti-asthma inhaler in Germany and Sweden that is a generic version of GlaxoSmithKline Plc's Advair.

Dr Reddy's: Concerns fail to deter investors

Street not perturbed over rising competition for products in US, as overall pipeline remains strong

Cipla launches copy of GSK's top asthma drug in Germany, Sweden

Cipla's drug will be marketed under the name Serrofloin in Germany and Salmeterol/Fluticasone Cipla in Sweden


SPML Infra gains 5% on Rs 1,232 crore new orders

The company has won new orders worth Rs 1,232 crore from Uttar Pradesh Jal Nigam, Agra and Sardar Sarovar Narmada Nigam, Gandhinagar.

Punj Lloyd up 5% on talk of stake sale in Medanta Medicity

Meanwhile, the board is schedule to meet tomorrow to consider private placement of non convertible debentures, subordinated debt instruments and ...

Power producers seek talks on compensatory tariff issue

Power utilities had moved Supreme Court for relief from Aptel's order allowing additional tariff to CGPL and Adani Mundra power plant due to ...


UBI declares Mallya wilful defaulter

Kingfisher Airlines says it will contest bank's move in Supreme Court

Tata Group has written down $2.2 bn under Mistry

14% of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor

AirAsia India safety head quits

Mishra is now serving the mandatory six-month notice and his services will be utilised as a flying commander


BEL forms JV with Thales for radar business

Bharat Electronics Ltd (BEL), the Bangalore-based defence PSU, has formed a new joint venture company with France-based Thales Air Systems SA ...

Tender for Rs 3,200 cr Biju Expressway in October

Corridor to pass through eight districts, connecting Jagdalpur in Chhattisgarh with Rourkela in Odisha

L&T to build 5,000 toilets under CSR on PM's call

Company alongwith L&T Public Charitable Trust is committed to building India's social infrastructure


Vikas GlobalOne surges 19% on bonus issue plan

The board will meet on September 17, to consider issue bonus shares to the equity shareholders of the company.

Challenges ahead for spinning mills

Rise in yarn production in China expected to hit Indian mills

Godrej workforce set to get younger

The blueprint involves betting on internal talent, strengthening the group's leadership pipeline, driving performance-linked incentives


Need to address Coal India's concern about e-auction cut, says PMO

PMO has asked coal secretary S K Srivastava for details of financial impact on the state-miner

Steel producers seek better margins in waste

Steel firms are also looking to lower their power and fuel costs, which form a significant portion of their total expense

Nalco aims to procure Rs 300 cr worth goods from MSEs

This is 19.5% of the firm's total annual procurement estimated at Rs 1,540 cr for the year


Mallya wilful defaulter tag shadows MCF open offer

Poddar-Mallya agreement on running MCF likely to be re-worked

Launches key to Nestle's fortunes

Market has cheered company's renewed aggression on innovations and launches; current valuation could limit upside

Tata Group has written down $2.2 bn under Mistry

14% of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor


Dish TV betting big on Jan Dhan Yojana, offers 10% discount

The discount is for subscribers paying their bill through the RuPay-enabled cards

TV Today Network zooms over 30% in two days on R K Damani stake buy

On August 27, Derive Investments bought 1.17 million shares of TV Today Network for about Rs 21 crore, the NSE data shows.

Dish TV targets new acquisitions through sports driven packages

In the new channel package options, three of the four packages include all the 11 sports channels available


Reliance Haryana SEZ returns Gurgaon, Jhajjar land to Haryana Infra Corporation

The venture was established for development of SEZs, model economic townships and other infrastructure facilities in Haryana

After IOC, govt to sack independent directors of ONGC, HPCL, MRPL

NDA govt is reviewing all appointments made by the previous UPA govt during its last year in office

Oil pipelines proposed along rail tracks

State-owned Indian Oil Corporation has made this proposal to tide over the numerous hurdles oil companies face while laying pipelines


Offline project yet to take off, Namo Store plans revamp

While online sales continue to grow at a steady 10%, the volunteers-run online store has not been able to garner enough traction to push for ...

Adani buys Australia coal mine royalty rights from Linc for $145 million

Deal comes amid growing questions on whether Adani will go ahead with the project

Gateway Distriparks hits new high on strong response for Snowman IPO

The stock up 4% at Rs 269 on the National Stock Exchange.


Beyond Business Rss icon

Ford Endeavour

Beast on a time lease

The Ford Endeavour will be launched in an all-new version next year. In the meantime, here is the revamped SUV

Traveller in a marine world

Mahima Jaini works as a marine scientist, rescue diver and adventurer rolled into one

Commodities

Commodity
Price(Rs)
Change
(%)

27775.00
-159
-0.57

5818.00
-3
-0.05

42029.00
+25
+0.06

245.30
-2.4
-0.97

428.50
+1.1
+0.26

FEATURES

In Depth Rss icon

In India, BlackBerry sees its best hope for revival

As the focus shifts to profits, BlackBerry has embarked on a huge cost-cutting exercise around the globe

Stifled by UGC, colleges seek a bigger voice

As UGC seeks to align undergraduate courses in IITs and private and autonomous institutes, the clamour for its reform rises

Real Estate

Real estate developers offer discounts to push sales

Discounts up to 15% expected this festive season; analysts expect Oct-Dec period to garner sales of at least 60k units across seven major cities

Brand World Rss icon

Bajaj Discover 150

Bajaj out to re-Discover its commuter brand

A repositioning might be in the offing for Bajaj's Discover, the volume brand, as its many avatars left customers confused

Costly sedans run out of steam

High-end mid-sized sedans, comfy SUVs and entry-level luxury models steal their show

Business Education Rss icon

University of Southern California

USC in talks with varsities to offer course on supply chain

The course offers a globally-integrated master’s programme on SCM aligned to its mission of networking, education and advanced research