Board, shareholders cleared USL accounts: Mallya

Company's accounts for the years 2010 to 2014 were investigated by Diageo after it took over the firm in 2014

MARKETS »

Markets end lower on May F&O expiry; Sensex sheds 58 points


Financials and pharma shares dragged the markets lower; IT stocks provided support at lower levels.

COMPANIES »

After seven quarters, SpiceJet posts profit of Rs 22.5 cr in Q4


The return to profit came after the carrier benefited from a series of one-off gains including renegotiating contracts and an insurance claim

ECONOMY AND POLICY »

Flying abroad rules for airlines to be sent for Cabinet approval soon


The 5/20 rule which mandates an airline to fly for a minimum 5 yrs and have at least 20 planes in order to fly abroad will soon be replaced by a ...

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 »

Two FIFA vice presidents, 12 others charged in US probe


The offences include racketeering, wire fraud and money laundering conspiracy

FINANCE »

Passwords are passe; biometrics is the future of banking


Banks are now adopting voice recognition software to authenticate customers

CURRENT AFFAIRS »

India tops world hunger list with 194 mn people: UN


The number of hungry people in China came down to 133.8 million in 2014-15 from 289 million in 1990-92

BS Poll

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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

Infosys pulls out of developing second campus in Kerala

Ramadas Kamath, Executive VP at Infosys, says company abandoning the project due to lack of infrastructure

After seven quarters, SpiceJet posts profit of Rs 22.5 cr in Q4

The return to profit came after the carrier benefited from a series of one-off gains including renegotiating contracts and an insurance claim

Coal India Q4 net down by 4% at Rs 4,238 cr

Profit is lower due to higher tax expense; CIL core numbers in line with estimates


Board, shareholders cleared USL accounts: Mallya

Company's accounts for the years 2010 to 2014 were investigated by Diageo after it took over the firm in 2014

P&G's MD-designate Al Rajwani takes off from where Shantanu Khosla leaves

The Indian-origin executive has his task cut out- to ensure the Indian business grows in challenging times

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks


Power Finance Corporation profit up 10%, sanctions loans more than targets

The financier's loan assets at the end of FY15 increased to Rs 2,17,042 cr from Rs 1,88,753 cr in FY14

Loan resolution @ SBI

But use the extension of tenure option carefully as it can be done only once

Stake sale in insurance JVs in 2016: Keki Mistry

Interview with vice-chairman & chief executive officer, HDFC


Infosys pulls out of developing second campus in Kerala

Ramadas Kamath, Executive VP at Infosys, says company abandoning the project due to lack of infrastructure

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

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 ...


Apollo Hospitals profit drops marginally in Q4 to Rs 77 cr

The company will raise Rs 750 cr through rights issue; money to be utilised towards expansion and repay debt

Markets end lower on May F&O expiry; Sensex sheds 58 points

Financials and pharma shares dragged the markets lower; select IT and auto stocks provided support at lower levels.

Markets end lower on May F&O expiry

Provisionally, the Sensex ended at 27,506.71, lower by 57.95 points and the Nifty closed at 8,319.00, down 15.60 points


Escorts Q4 net profit dips 60% to Rs 13 crore

Net sales of the company declined to Rs 811.22 crore during the fourth quarter

Markets end lower on May F&O expiry; Sensex sheds 58 points

Financials and pharma shares dragged the markets lower; select IT and auto stocks provided support at lower levels.

Markets end lower on May F&O expiry

Provisionally, the Sensex ended at 27,506.71, lower by 57.95 points and the Nifty closed at 8,319.00, down 15.60 points


8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

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.


After seven quarters, SpiceJet posts profit of Rs 22.5 cr in Q4

The return to profit came after the carrier benefited from a series of one-off gains including renegotiating contracts and an insurance claim

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


8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

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


Arvind to open first Gap store on May 30

Store will be based in Select City Walk mall in Delhi

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

Arvind gains as stock quotes ex-demerger

Meanwhile, Arvind announced that it will launch first Gap store on May 30, 2015.


Tree House Education posts over two fold rise in profit at Rs 17 crore

Net profit for January-March quarter of 2014 was at Rs 8.04 crore

8 new additions in MSCI India Index from tmrw; RInfra to exit

Lupin, Bharti Infratel, Eicher Motors and Bharat Forge among new entrants; index currently has 64 stocks

Adani Enterprises dips on profit booking

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


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
(%)

26831.00
-46
-0.17

3657.00
-56
-1.51

38306.00
-48
-0.13

392.60
-1.25
-0.32

178.90
-4.8
-2.61

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