MARKETS »

Sensex ends 725 points lower


Markets witnessed sell-off amid persistent selling by FIIs while tax on subsidies and geo-political tensions in the Middle-East dampened ...

COMPANIES »

Pension row to hit Tata Steel Europe's production by 60%


Ballot starting today may see 17,000 members of British Steel Pension Scheme going on strike

ECONOMY AND POLICY »

Govt hopeful of breaking opposition unity on GST bill


The Lok Sabha is likely to conclude its discussion on the Bill on Wednesday

FROM THE AUDITOR’S DESK »

CAG seeks clarity on RIL’s dollar margin


Says inadequacies led to loss of nearly Rs 12,000 cr in fertiliser subsidy over recent years

CURRENT AFFAIRS »

A test of curriculum mastery: The big problem with new SAT


The exam will require students to demonstrate in-depth knowledge of subjects they study in school

AROUND THE GLOBE »

US trade data points to Q1 contraction


Trade deficit jumped 43.1 per cent to $51.4 bn in March, the largest since October 2008

FINANCE »

Sebi notifies debt conversion norm for banks in distressed cos


Move will give bankers larger say in distressed firms by allowing them to acquire majority stake and take over management

OPINION »

COLUMNIST »


Ashok K Lahiri: Closing the infra gap

The developmental logic behind the new BRICS Bank is compelling

Subir Roy: Build one India, brick by brick

The ghar wapsi-love jihad-church vandalising elements have to be told to cease and desist or face the strong arm of the law

BS Poll

Will Salman Khan's conviction put an end to his film career?

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Columnists

Closing the infra gap
Ashok Lahiri

The developmental logic behind the new BRICS Bank is compelling

Build one India, brick
by brick

Subir Roy

The ghar wapsi-love jihad-church vandalising elements have to be told to cease and desist or face the strong arm of the law

Will Carson and Fiorina
disrupt GOP race?

Jonathan Bernstein

No one remotely like Ben Carson and Carly Fiorina has come close to winning a US presidential nomination in the modern era

McDonald's chief
promises turnaround in a
restructuring

Hiroko Tabuchi

Steve Easterbrook has promised to refashion McDonald’s into a modern, progressive burger and breakfast restaurant

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

A backward step

Why is India still on the US' IPR watch list?

Competition to the end

Behind Berkshire Hathaway's 50th anniversary

Financial X-ray

Frontline stocks & broader markets may crack further

High frequency indicators hit a low in March

SKS Microfinance: Good show likely to continue

A banking licence, if awarded, could be a key trigger

BOOK REVIEWS

Holding the family business together

Family companies have not received the deserved attention and have, in fact, been vilified for corporate nepotism and lack of professionalism

Essential reading on tomorrow's cities

The book contain a wealth of knowledge for those interested in details of what is happening in cities around the world

Robert Cyran

20-20 foresight
Robert Cyran


Cisco safely and slowly routes leadership change

Peter Thal Larsen

Battle of the bulge
Peter Thal Larsen


China's investment bank wannabes face long march

CompaniesRss icon

Bank Nifty falls 3%; ICICI Bank slips 5%

BOI,Federal Bank, Kotak Mahindra Bank, BOB, Yes Bank, Canara Bank and Axis Bank were down more than 3% each.

Eros International, Mandhana drop after court convicts Salman Khan

Eros International has global distribution rights for the actor's two maiden productions while Mandhana Ind has exclusive deal with Being Human ...

State Bank of Bikaner & Jaipur's net up 18% in Q4 at Rs 280 cr

For fiscal ending March 31, 2015, the bank's net profit grew by 6% to Rs 777 cr y-o-y


Colgate discontinues toothpowder manufacturing at Waluj plant

Move follows VRS accepted by firm's employees; Colgate says it has sufficient stocks and alternatives to meet market demand

Marico eyes 35% revenue from abroad

Expects to achieve this in the next few years as it eyes next leg of growth

Nivea commissions first Indian factory at Sanand

In phase-1, plant's annual capacity is just over 100 mn units, making creams, lotions, shower products and lip care


Bank Nifty falls 3%; ICICI Bank slips 5%

BOI,Federal Bank, Kotak Mahindra Bank, BOB, Yes Bank, Canara Bank and Axis Bank were down more than 3% each.

State Bank of Bikaner & Jaipur's net up 18% in Q4 at Rs 280 cr

For fiscal ending March 31, 2015, the bank's net profit grew by 6% to Rs 777 cr y-o-y

State Bank of Travancore surges on robust Q4 earnings

Net profit for the March 2015 quarter surged 295% to Rs 192 crore compared with Rs 49 crore in the same quarter last fiscal.


India smartphone market shrinks 7% in Q1: CMR

Overall mobile handsets market, including feature phones, declined 15% to 53 mn units in Jan-March period

Bharti Airtel gains on talk MSCI to raise weightage to 2.6%

Bharti Airtel is likely to attract inflow worth Rs 20 crore in the counter

Airtel Zero violates net neutrality, says DoT secy

Says nobody forced telcos into licensed spectrum regime and they never objected to OTT ecosystem earlier


FIIs dump more than Rs 9,000 crore of equities in nine sessions

At 1245 hours, the Sensex slipped 2.3% at 26,815; the index has fallen 3.8% or 1,075 points from 27,890 on April 22.

Sebi okays Cipla's voting rights proposal

The request for approval relates to a letter written by Hamied in October 2014 to Sebi

Fortis Healthcare soars on stake sale plan in Radlink

The stock soared 12% to Rs 174 on the NSE.


Pricol buys Johnson Controls' 50% stake in JV for $3.1 mn

Formed in 2012 to make instrument clusters, displays and body electronics for automakers, the JV is now wholly-owned by Pricol

Pricol acquires partner's shares in JV for $3.15 mn

The JV was announced in 2012 to manufacture auto components

Apollo Tyres to invest Rs 1,500 cr at Chennai unit

The company has already invested Rs 2,100 crore in the facility


Sensex drops over 500 points; Nifty tests 8,150

There is selling pressure across sectors, with banking, metal and oil stocks doing the most damage.

MEP Infrastructure falls below issue price

Shares of MEP Infrastructure Developers were trading at Rs 56.70, 10% below its issue price of Rs 63, on the BSE.

DLF to launch Rs 3,600cr CMBS issue in next two months

Company also plans to launch its first Real Estate Investment Trust this fiscal to monetise its commercial assets


Jet, Etihad alliance working, slowly

As partnership completes two years, Indian carrier is yet to achieve strong profit

Indian Hotels takes revival road under new CEO

The Tata company, which has not recorded any profit since 2012-13, is hoping to benefit from a slew of strategic measures over the next two

Of good and bad times

The cause and meaning of Vijay Mallya's likely exit


Bhel commissions GVK's hydro-power project in Uttarakhand

The greenfield project consists of four units of 82.5 Mw each and is being set up by GVK's Alaknanda Hydro Power Corp

Sensex drops over 500 points; Nifty tests 8,150

There is selling pressure across sectors, with banking, metal and oil stocks doing the most damage.

Defence shares in focus

BEML, Dynamatic Technologies, Walchandnagar Ind, Astra Microwave and Larsen & Toubro were up 2%-5% on the BSE.


Ashapura Intimates Fashion hits record high on fund buying

On May 4, DSP Blackrock Mutual Fund purchased 640,000 equity shares of Ashapura Intimates Fashion at Rs 214.95 per share on the BSE.

Future to merge retail biz with Bharti Retail

Share swap deal pegged at Rs 750 cr

Aditya Birla Nuvo: Right direction, more to follow?

The fashion retail restructuring would lead to a fall in holding company discount, which could go down further if value unlocking in the ...


Today's picks- 5 May 2015

Nifty, Bank Nifty, Tata Steel, Mahindra & Mahindra & Coal India

Sensex ends 72 points lower

The 30-share Sensex provisionally ended 72 points lower at 27,418 and the 50-share Nifty closed 11 points lower at 8,321.

CNX Metal index gains nearly 4% in two days

Vedanta, Tata Steel, GMDC, JSW Steel, Hindalco, NMDC, JSPL and SAIL were up 2%-5% on the NSE.


Eros International, Mandhana drop after court convicts Salman Khan

Eros International has global distribution rights for the actor's two maiden productions while Mandhana Ind has exclusive deal with Being Human ...

Enforcement Directorate seeks dismissal of Sun TV's petition

Highlights Supreme Court orders restricting any other courts from interfering in the related disputes

Sun TV, Kal Comm move HC against ED's attachment order

Court admits petition and asks Directorate of Enforcement to file a counter


Mid-cap. Small-cap indices decline 3%

Century Textiles, Strides Arcolab, Wockhardt, IRB Infra, Havells India and TVS Motor were down over 6% on the NSE.

Tube Investments hits record high as Q4 net more than doubles

The stock rallied 8% to Rs 404 on the BSE in early morning trade.

Rajashree Birla joins Century Textiles board

This comes in the backdrop of Aditya Birla group promoter companies increasing their stake in Century Textiles to around 50%


Technology Rss icon

Xiaomi Mi 4i: Impresses, with a little tut-tutting

Right size, top-notch features; camera, processor could've been better though

Beyond Business Rss icon

Don't sweat it

Yes, the temperature might be in the 40s. But a Flexi jacket can keep you looking cool

On a raw vegan diet

Uncooked, fresh and unprocessed - that's the diet a number of people are swearing by

Commodities

Commodity
Price(Rs)
Change
(%)

26901.00
+21
+0.08

3939.00
+82
+2.13

37872.00
-86
-0.23

413.10
-1.35
-0.33

177.60
+0.5
+0.28

FEATURES

In Depth Rss icon

After sports, Star bets on mobile TV with hotstar

With 16 million downloads, Star's mobile TV app is among the fastest growing digital services in the world. Can it prove to be a game changer?

Indian Hotels takes revival road under new CEO

The Tata company, which has not recorded any profit since 2012-13, is hoping to benefit from a slew of strategic measures over next two years

Start-ups

Housing.com's CEO Rahul Yadav quits, insults Board in resignation letter

Yadav has stepped down from his position as chairman and CEO, saying the Board is not 'intellectually capable' to have a sensible discussion

Brand World Rss icon

Ice cream players ready to beat the heat

While Amul plans expansion, Havmor launches 'leaner' range and others are focusing on candylines

Unilever says its socially responsible brands outperform rest

Says these brands accounted for half the company's growth in 2014