MARKETS »

Should you sell stocks in May?


Since its peak level of 30,024.74 on March 4 2015, the S&P BSE Sensex has dropped nearly 3,000 points, or 10%

COMPANIES »

Cognizant net income grows 9.7%


The company has given out a guidance of 19.3% for the year 2015

ECONOMY AND POLICY »

Rafale negotiations to start this month: Manohar Parrikar


The French defence minister is expected to be in New Delhi on May 6 to finalise the modalities for the negotiations

CURRENT AFFAIRS »

Modi joins Chinese networking site Sina Weibo


The microblogging site is partly owned by Alibaba

AROUND THE GLOBE »

Three more aspirants for Republican presidential candidature


Doctor Ben Carson, business executive Carly Fiorina and former Arkansas governor Mike Huckabee are expected to confirm their candidature

THE STRATEGIST »

Start-up blues


Managing human resources remains a major and under-appreciated challenge for most start-ups

FINANCE »

Rate cut to dent BoI's margin by 2-3 bps


Bank sheds high-cost deposits worth Rs 25,000 cr in Q4 to reduce cost of funds

BS Poll

Kumar Mangalam Birla says Narendra Modi is 100 per cent on expectations in the first year of his term. Do you agree?

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Derivatives

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Columnists

Rainfall and the economy
Subir Gokarn

A number of significant linkages between rainfall and economic outcomes have policy implications

A new challenge from
committees

A K Bhattacharya

BJP leaders should ask if they failed to have their say in the deliberations of the committees, whose reports have criticised many govt policies

When FIIs hold the key
Devangshu Datta

The long weekend offers some time for traders to catch their breath & presumably FIIs will take stock of implications of Fed not raising rates

For a truly different
regime

Debashis Basu

The Modi govt lacks clear thinking, has promised a lot but delivered too little and it is projecting more than what it has achieved: Shourie

BLOGS


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

Why Barkha Dutt is wrong about women's safety in India

Did misplaced national pride inhibit the avowed feminist in Barkha Dutt from calling a spade a spade on women's safety in India?

EDITORIAL COMMENT

The legislative tangle

How to move labour law reform forward

Trawling for success

Towards a new deep-sea fishing policy

Financial X-ray

TVS Motor: Volumes may come under pressure

If volumes don't grow at estimated 12-15% in FY16, margins won't touch 10% by FY17

Higher import duty on sugar will not sweeten prospects

Sugarcane procurement prices need to be linked with market price of sugar

BOOK REVIEWS

Because man's reach should exceed his grasp

Beyond’s concluding section presents a scattered but sweeping vision for our future in space

The other September 11

This book, which consciously channels Gabriel Garcia Marquez, describes the coup, the events leading up to it and the aftermath

Fiona Maharg-Bravo

Waiting game
Fiona Maharg-Bravo


Downstream cushions Shell while it waits for BG

Robert Cyran

No flight of fancy
Robert Cyran


Bombardier may be the little Canadian that can

CompaniesRss icon

SKS Microfinance Q4 net zooms 50% to Rs 40.53 crore

Total income stood at Rs 226.2 crore, during the quarter under review

Rate cut to dent BoI's margin by 2-3 bps

Bank sheds high-cost deposits worth Rs 25,000 cr in Q4 to reduce cost of funds

Aditya Birla Nuvo: Right direction, more to follow?

shareholders of ABNL will receive 26 shares in PFRL for every five shares they hold in the company


Of good and bad times

The cause and meaning of Vijay Mallya's likely exit

Godrej Consumer to keep investing in rural areas

Idyllic surroundingsThe company has taken a contrarian view compared with those of most consumer goods firms

Bosch group firm looks at market expansion in India

The company expects to increase its market share in the front loading washing machine segment


SKS Microfinance Q4 net zooms 50% to Rs 40.53 crore

Total income stood at Rs 226.2 crore, during the quarter under review

Rate cut to dent BoI's margin by 2-3 bps

Bank sheds high-cost deposits worth Rs 25,000 cr in Q4 to reduce cost of funds

Shriram Transport to re-look equipment finance strategy

NPAs in its subsidiary Shriram Equipment Finance pulled down the overall performance of Shriram Transport in Q4


Docomo exit from Tata venture likely at lower valuation

Tatas may convert Tata Tele CCPSes into shares at below Price Waterhouse's fair price of Rs 23 apiece

Motorola bets on quality, after sales service to ramp up sales

The company is strongly focused on customer services and has opened 150 service centres across the country

Idea slashes national roaming tariff by upto 40%

The company will now charge incoming calls at 45 paise/minute, a reduction of 40%, while roaming anywhere in India


ERP software startup Icertis raises $6 mn from Greycroft, Fidelity

The company is also planning to raise to raise $20 million in the next 12-18 months

Polaris reports Rs 37-cr profit in Q4

The company added five new clients during the quarter; Revenue stood at Rs 467 cr

Nomura maintains reduce rating on Hexawre post Q1 earnings

The stock opened at Rs 289 and touched a low of Rs 278.10 on the BSE. As many as 202,568 shares had been traded on the BSE till 10:55am


Bajaj Auto rallies 5% post April sales

The company reported 1% increase in total sales in April at 336,274 units against 331,529 units in the same month last year.

Auto-component maker Ashok Minda group forms JV with US-based VAST

The 50:50 venture will have operations in Pune and Delhi-NCR

Ashok Leyland sales up 43% in April

M&HCV sales up by 45% while LCV sales increase 37%


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

Oberoi Realty jumps on robust quarterly results

The company posted a 34% jump in consolidated net profit at Rs 103 crore for the quarter ended March 31, 2015

HCC recovers chairman's 'excess' salary

Proxy advisory firms had objected to Gulabchand's salary saying that it was not proper for him to draw such high salary when the company is in ...


Bhel commissions Bijlee Utpadan's thermal unit in Bihar

This is the first 195 MW unit to be commissioned at the 2x195 MW Muzaffarpur thermal power station of Kanti Bijlee Utpadan Nigam

Suzlon completes sale of German subsidiary Senvion, nets Rs 7,000 cr

The company will use proceeds to retire debt and expand business

Crompton Greaves inks pact with Paraguay's ANDE

Avantha Group firm to supply switchgear equipment, says it has won orders from ANDE worth $25 mn totally since last year


Aditya Birla Nuvo: Right direction, more to follow?

shareholders of ABNL will receive 26 shares in PFRL for every five shares they hold in the company

Future Retail, Bharti Retail to merge

Future Retail will host the retail ops of both the companies; Future Enterprises will host the infrastructure, investments and assets

Future Retail surges on demerger nod

The stock moved higher by 14% to Rs 132 on the NSE.


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

Today's picks- 23 April 2015

Nifty, Bank Nifty, Tech Mahindra, Cairn India & Zee Entertainment


ONGC, Oil India surge on buzz of subsidy burden removal

ONGC rallied 5.4% at Rs 321, Oil India surged 5% at Rs 480 and Gail India up 2% at Rs 367 on the BSE.

Niko seeks extension for term loan payment

Company says milestones not achieveable by April 30, as originally envisaged, seeks extension till May 31

ONGC not to use RIL's infra for KG-D5 as it makes no economic sense

The explorer is also setting up its own evacuation installation of a larger capacity near its discoveries in the region


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
(%)

26925.00
+289
+1.08

3747.00
-7
-0.19

37584.00
+1044
+2.86

414.00
-2.35
-0.56

177.00
-1.6
-0.9

FEATURES

In Depth Rss icon

Insurers go back to the drawing board

While 49% FDI has been allowed in the insurance sector, there are several issues that still concern Indian companies and their foreign partners

Can Paytm become the TaoBao of India?

Despite the many similarities between the Chinese and Indian digital commerce industry, Paytm may want to chart its own path

Start-ups

Startup diaries

Besides a great idea, it takes pluck, and some luck, to get going. Three startup entrepreneurs share their personal journeys

Brand World Rss icon

Ads that crossed the line

Print ad featuring actor Aishwarya Rai waited upon by a child slave is not the only piece of work that has courted controversy recently

Sales take a knock, but BMW rides high on profit

German luxury car major says it is not interested in chasing monthly sales numbers & has thus decided to stay away from small cars