MARKETS »

Nifty ends below 8,350 amid choppy trades; FOMC eyed


HDFC posted a mere 1.2% increase in its net profit while Maruti Suzuki reported 56% growth in its net profit

COMPANIES »

Ajay Singh steers SpiceJet towards record Q1 profit of Rs 72 cr


Lower fuel prices, improved fleet utilisation saw the airline post its second consecutive profitable quarter

ECONOMY AND POLICY »

ADB, govt ink $300 mn loan pact for urban health mission


The loan, supporting National Urban Health Mission, will be ADB's first health project in India

CURRENT AFFAIRS »

President Kalam's aide recalls his last moments


Srijan Pal Singh was onstage with Kalam in Shillong when he collapsed and was taken to hospital

AROUND THE GLOBE »

Dow, S&P rise after five-day selloff; Fed meeting eyed


The Nasdaq composite opened higher but turned negative shortly

BRAND WORLD »

Bajaj stretches the Pulsar effect


The auto major extends the brand across price points while trying to steer clear of past mistakes

FINANCE »

Rupee jumps 25 paise at 63.91


Selling of the American currency by banks and exporters amidst renewed foreign capital outflows supported the currency

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Pay your tributes to Dr A P J Abdul Kalam here

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Columnists

Tax Games - chasing
money & power

Ajit Balakrishnan

Analysis of the political economy of taxation can be as entertaining as an IPL cricket match and as naked a pursuit of wealth

Why so serious, Mr CEO?
Shailesh Dobhal

Communication from the corner offices of India Inc remains stiff even when the world around has moved on

Behind the big FT sale
Indrajit Gupta

The FT sale is significant for a variety of reasons. One, the global media business is in turmoil

Escaping the Greek debt
trap

Barry Eichengreen, Peter T Allen & Gary Evans

Greece and the EU should contractually link changes in the terms of the country's EU loans to milestones in structural reform

BLOGS


Monetary policies and exchange rates

A V Rajwade analyses the root of the supposedly strong relationship between rising interest rates, capital flows and currency appreciation

The needless public discourse on sexism in Bahubali

Sexism in Bahubali cannot be denied but don't expect any outrage that will change the workings of the regressive Telugu film industry

EDITORIAL COMMENT

Bias towards action

Two issues RBI must contend with

Unsold homes

Real estate slump needs urgent remedies

Financial X-ray

Tech Mahindra: Margin decline may be a thing of the past

Revenues from top 5 clients seem to have stabilised at 33%; return to growth a few quarters away

Lower realisations hurt profitability of Ambuja

Cement sales volumes surprise positively but not enough to offset impact of soft realisations

BOOK REVIEWS

Decoding Putinism

For Christmas in 2013, President Vladimir V Putin sent three books to every regional governor and other senior officials in Russia. One of them ...

A Dalit's story

Ms Gokhale, it may not shock readers today but it will certainly burn through their skins by the time they are done reading 299 pages of book

Payment not guaranteed
Robyn Mak


China worries start now for Visa and MasterCard

Too much weight
Olaf Storbeck


Only pilots can end Air France's flight to nowhere

CompaniesRss icon

Truckers' strike in Sundargarh-Keonjhar belt hits pellet, steel units

Steel makers have been forced to go for production cut due to the ongoing strike

Ajay Singh steers SpiceJet towards record Q1 profit of Rs 72 cr

Lower fuel prices, improved fleet utilisation saw the airline post its second consecutive profitable quarter

Madras High Court declares strike at NLC as illegal

This comes at a time when the discussion for conciliation is expected to take place in Delhi on July 30


Rajesh Exports: Execution of Valcambi buyout holds key

Analysts are also concerned over the company's corp governance, its low free float and insufficient quarterly tax provisions

IPAB to hear HUL's appeal against trade mark Sun Plus

Kerala-based Thahir Group was allowed registration of the mark for products to be sold in Kerala only

GM Breweries zooms over 70% in one week on strong Q1 results

The stock zoomed 74% in the past one week from Rs 159 to Rs 277 compared to a 2.2% decline in S&P BSE Sensex.


Few cheers in PNB first quarter results

There was a small improvement in bad loans but credit growth remains below par

PNB identifies 400 wilful defaulters; to sell 3K cr NPAs

Says work is on for strategic debt restructuring as per RBI guidelines

Syndicate Bank dips on disappointing Q1 results

The stock dipped 9% to Rs 90 after the bank reported 38% YoY fall in net profit at Rs 302 crore in June quarter.


Tech Mahindra net up 7.2% on foreign exchange gains

Margins for the quarter came in at 12.1%, which were affected due to the acquisitions made by the company

Tech Mahindra: Margin decline may be a thing of the past

Revenues from top 5 clients seem to have stabilised at 33%; return to growth a few quarters away

Microsoft's Win10 a game changer

In India, the enterprise may wait and watch for 6-12 months


Torrent Pharma hits new lifetime high on strong Q1 results

The stock rallied 9% to Rs 1,520 after the company posted a 75% Y-o-Y rise in consolidated net profit at Rs 449 crore in the June quarter.

Teva pays $40.5 bn for Allergan's generics arm, dumping Mylan

Teva will pay $33.75 billion in cash and $6.75 billion worth of shares

EU-ban will impact $1 bn pharma exports from India: Pharmexcil

Drugs made and sold directly by Indian firms make up 30% of this value, the rest comes from products sourced by global generic players from


JLR's missteps in China hurt volumes: Analysts

China accounts for 35% of Jaguar Land Rover worldwide sales

Tyre stocks gain; Ceat up 4%

Goodyear India, Ceat, Apollo Tyres, JK Tyre & Industries and MRF were 1%-5% on the BSE.

Hero Motocorp to buy assets of bankrupt US company

Will acquire tangible and intangible assets of Erik Buell Racing for a consideration of $2.8 mn


Madras High Court declares strike at NLC as illegal

This comes at a time when the discussion for conciliation is expected to take place in Delhi on July 30

Notify de-allocation of costly power from NTPC: Odisha tells Centre

The state has to pay Rs 7.22 a unit for power from NTPC stations outside the state against Rs 3.15 for power from an NTPC plant within the state

No premium housing project launched in Mumbai in H1, 2015: Report

Housing sales worst since global financial crisis, says Knight Frank


Ajay Singh steers SpiceJet towards record Q1 profit of Rs 72 cr

Lower fuel prices, improved fleet utilisation saw the airline post its second consecutive profitable quarter

Didn't expect a turnaround so quickly: SpiceJet chief Ajay Singh

The airline had a net profit of Rs 71.8 cr in Q1 of 2015-16 against a loss of Rs 124 crore in the same period last year

Mahindra Holidays net grows 25% to Rs 25 cr in Q1

Net sales of the Mumbai-based company closed at Rs 215 cr


Thermax Q1 net jumps 49% at Rs 62 crore

Company has decided to set up a new manufacturing facility on the east coast of the country

Blue Star Q1 net up 26% at Rs 39 cr

Net sales during April-June, 2015-16 were at Rs 902.46 crore

We aim to double revenues in 4 years: Baba Kalyani

During last year, Bharat Forge also strengthened its balance sheet retiring debt of around Rs 530 crore, including Rs 407 crore high cost rupee ...


OCL India gains on robust Q1 earnings

Net profit for Apr-Jun 2015 surged 26% to Rs 49 crore compared with Rs 36 crore last fiscal

KPR Mill touches record high on good Q1 results

The stock surged 10% to Rs 706 after the company reported a 28% Y-o-Y jump in net profit at Rs 50.49 crore in the June quarter.

Ambuja's net dips 45% to Rs 226 crore on weak prices

The cement maker says mixed macro-economic indicators point sluggish growth in cement demand in short term.


Truckers' strike in Sundargarh-Keonjhar belt hits pellet, steel units

Steel makers have been forced to go for production cut due to the ongoing strike

Unprecedented surge in imports hurting steel industry: Sajjan Jindal

He said cheap imports may benefit user industries in the short-term but is not sustainable in the long-term

Lenders take over mgmt control of Electrosteel Steels

SBI Caps to scout for buyer, in talks with Singapore-based steelmaker for takeover after talks with Tata Steel fall through


Rallis: Monsoon key to revival in performance

July has seen a revival in monsoon and if the pace continues, Rallis can rebound

Coromandel International Q1 net declines 60 per cent

Company's total turnover up by 16% to Rs 2,181 cr

Nestle India gains 3% on the NSE

On July 24, Nestle India announced that Mr. Etienne Benet, managing director, is leaving the company with effect from July 25, 2015.


Dish TV posts Q1 profit at Rs 54 cr

Despite Q1 being a relatively weak quarter seasonally, Dish TV gained subscribers both in the Phase 3 and Phase 4 markets

Dish TV posts Q1 net profit of Rs 54 crore

Total income on consolidated basis was up 19.19%

Delhi HC observes Marans don't have controlling stake in Digital Radio

While Kalanithi Maran indirectly holds 21% share in the two companies, 51.1% shares are with Rao-Reddy group, it was observed


Reliance shale gas returns turn negative in US

Company is cutting down on its capital expenditure to $275 million in the June quarter

What brokerages have to say on Reliance Industries' Q1 results

Analysts are positive on the RIL stock and maintain "buy", "overweight" or "outperform" rating

Reliance Jio in talks with 28 handset brands to sell 4G devices

Also engaged with five chipmakers such as Intel and Qualcomm for smooth access of 4G connectivity


Justdial Q1 net up 18% at Rs 33.2 crore

Total income from operations grew by 24.87% to Rs 168.62 crore

Info Edge: Margin pressure to continue

Firm continues to invest in growth potential businesses and this will go on for a while; analysts take optimistic long-term view

KDDL zooms 20% on preferential issue plan to SAIF Partners

The board approved the issue of equity shares to SAIF India V Fll Holdings at a price of Rs 297.50 per share.


Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24750.00
-149
-0.6

3087.00
+8
+0.26

33760.00
-170
-0.5

341.70
+5.55
+1.65

182.10
+1.4
+0.77

FEATURES

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CSR: What keeps companies from doing good?

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Honda, Hero prepare for final showdown

As Honda draws up aggressive plans to expand into the rural market, Hero MotoCorp is readying a new range of scooters

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

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Milking the value chain

The dairy market is seeing a shift in consumer preferences as branded, value added products, bring in the bacon

Bajaj stretches the Pulsar effect

The auto major extends the brand across price points while trying to steer clear of past mistakes