MARKETS »

Sensex opens below 28,000 on Grexit woes; Banking shares drag


Panic over Greece exit, which has spread across the Asian markets, is weighing on the local equities.

Greece Crisis »

Day of reckoning for Greek banks and euro zone's central banker


ECB's governing council likely to hold a conference call on Monday to discuss Greek banks in light of the election results

COMPANIES »

Sensex companies may see dip in June quarter profits


Net profits may fall 4.9% y-o-y but performance may be better than preceding quarter

AROUND THE GLOBE »

China freezes IPOs in attempt to stem stock market bleeding


Halting IPOs may stem the diversion of funds away from current listings

ECONOMY AND POLICY »

New census does not make consumption-based poverty analysis insignificant: Panagariya


Interview with Arvind Panagariya, Vice-Chairman, NITI Aayog

CURRENT AFFAIRS »

First Tejas Mark II engine to arrive in September


US refusing to cooperate on Advanced Medium Combat Aircraft engine; defence ministry floating global tender

FINANCE »

Irdai steps in to get rid of the middleman


The draft guidelines, if implemented, will ensure TPAs can no longer reject claims

OPINION »

COLUMNIST »


Nitin Pai: How to buy a rifle

Prepare procurement plans well in advance, and have them cleared by the Cabinet, not just the services and defence ministry

Sajjid Chinoy: Is the capex cycle finally turning?

Factors driving the pick-up - the alleviation of implementation bottlenecks, a front-loading of govt capex spending and monetary easing

BS Poll

Do the latest developments in the Vyapam scam show that BJP is facing a crisis of credibility?

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Columnists

How to buy a rifle
Nitin Pai

Prepare procurement plans well in advance, and have them cleared by the Cabinet, not just the services and defence ministry

Greece's moment of
reckoning

Abheek Barua & Bidisha Ganguly

The Greek leadership is trying to convince the people that voting "no" would not necessarily lead Greece out of the euro

Is the capex cycle
finally turning?

Sajjid Chinoy

3 factors are driving pick-up - alleviation of implementation bottlenecks, a front-loading of govt capex spending & monetary condition easing

Smart agencies for smart
cities

Sunita Narain

We know that our current municipal service providers are hampered by lack of technical capacity and crippled with poor governance

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

A bottom-up approach

Census figures on deprivation call for improved delivery system

Digital ambitions

E-governance roll-out needs better infrastructure, privacy protection

Financial X-ray

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infra plays: Grabbing market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering,Kalpataru Power and Alstom T&D among analysts' top picks

BOOK REVIEWS

Tracking the Clintons

The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

Chhabria's ABD to acquire Tilaknagar Industries

Kishore Chhabria and Amit Dahanukar, CMD of Tilaknagar Industries, are slated to meet in London on Monday to finalise the deal

Tata Motors bets big on rural sales growth

At present, the rural market brings 15 per cent of sales for the domestic operations

Four consumer plays to consider

Recent correction in these stocks offers an attractive entry opportunity in select names with healthy growth prospects


Chhabria's ABD to acquire Tilaknagar Industries

Kishore Chhabria and Amit Dahanukar, CMD of Tilaknagar Industries, are slated to meet in London on Monday to finalise the deal

Four consumer plays to consider

Recent correction in these stocks offers an attractive entry opportunity in select names with healthy growth prospects

Week ahead: Markets ready for Greek odyssey

The FMCG, banking and capital goods sector rose 1-2% each during the week, while the IT index ended lower by 1%.


Kotak Bank bullish on corporate loans, eyes up to 20% growth

Says revival in large ticket loan demand will come in the final quarter

SBI Group's share in debit card payments touches 25% in FY15

As of March end, the SBI Group has issued over 20.59 crore debit cards, which is highest in the country

Pay package of IDFC's Rajiv Lall sees decline of 26% in FY15

Rajiv Lall, executive chairman, IDFC earned a remuneration of Rs 4.40 cr in FY15 compared with Rs 5.55 cr in 2013-14


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infosys to invest $10 million in Irish start-ups

Bags long-term outsourcing deal from Allied Irish Banks


Bliss GVS Pharma zooms 20% on bagging $35 million contract

Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.

Lupin gains on acquisition of Russian drug firm Biocom

The stock was up 2% at Rs 1,915 on the BSE.

No decision on plant closures but will optimise network: Sun Pharma

Sun Pharmaceutical Industries, which recently completed a $3.2-billion acquisition of Ranbaxy Laboratories, is considering rationalising its ...


Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT

Neyveli Lignite's Unit- I Of TPS-II expansion qualified for commercial operation

With this, the power generating capacity of NLC has increased from 3,490 Mw to 3,740 Mw

Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner


ABB India to raise Rs 600 cr through NCDs

It said the issuance would be subject to approval of the shareholders by way of a special resolution through postal ballot

L&T wins Rs 1,885 cr worth contracts in June

On the domestic front, construction and procurement order was received from Odisha Power Transmission Corporation

BEML hits fresh 52-week high; zooms over 60% in 2015

Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.


Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well

We have seen over 10% like-to-like growth in June quarter: Govind Shrikhande

Interview with managing director, Shoppers Stop

SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.


Subdued demand hits NMDC; cuts iron ore rates by 30% since Jan

In the January-March quarter this fiscal, NMDC's iron ore production stood at 7.94 MT against 9.96 MT in the year-ago period

Today's picks- 2 July 2015

Nifty, Bank Nifty, Vedanta, Tata Motors & Bharti Airtel

Gopal Singh named as new CMD of NMDC Limited

Singh has been the CMD of Central Coalfields Limited since March 2012. Born in 1961, Singh graduated from the Indian School of Mines, Dhanbad, ...


IOCL to put on stream 3 more petrochemical units by 2020

Combined investment in the two units is pegged at around Rs 13,000 crore

ONGC to cut gas production by 40%

Due to repair work, there will stoppage of production at some wells. Output to fall by 13-14 mmscmd

IOCL and CONCOR to invest in Haryana

Both these projects would entail a total investment of Rs 1250 crore


Beyond Business Rss icon

Vijender Singh: Punching above his weight?

For the glamour-smitten boxer, turning pro was the next logical step

Kolkata's crumbling legacy

Group of artists, economists, historians launched a crusade to rescue city's old houses that are part of history, but it's difficult fight

Commodities

Commodity
Price(Rs)
Change
(%)

26338.00
+143
+0.55

3520.00
-121
-3.32

36158.00
+285
+0.79

369.80
-2.55
-0.68

176.30
-4.9
-2.7

FEATURES

In Depth Rss icon

Indian diplomats' domestic trouble

Contracts with India-based domestic assistants for officials abroad have become a headache for the Indian government

I love Housing.com but am not sentimental about it: Rahul Yadav

Rahul Yadav, the recently-ousted CEO of Housing.com, says he is too logical to be sentimental about the venture he co-founded three years ago

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate