MARKETS »

Markets end at over 2-week low ahead of US Fed meet


Investors booked profit ahead of the outcome of the two-day US Fed policy meet which begins today

COMPANIES »

GMR to raise Rs 1,500 crore through Rights Issue


Gearing to drop to 2.7 times as networth to be shored upto Rs 14,000 crore

ECONOMY »

States pitch for separate FCI to ensure fodder security


Some states also demanded that the Centre should treat animal husbandry, dairying and fisheries at par with the agriculture sector

Around the world »

US strikes jihadists near Baghdad for first time


The strikes destroyed six IS vehicles near Sinjar and an IS position southwest of Baghdad that had been firing on Iraqi forces

CURRENT AFFAIRS »

PM gets acclaim & blame;nothing personal against Singh: Rai


Rai's remarks about the alleged inaction of the former Prime Minister during various scams have generated sharp reactions from Congress party ...

Xi Jinping's India trip »

India-China relations go beyond 'plain arithmetic': Modi


Xi will arrive at Ahmedabad on Wednesday on a three-day visit to India

FINANCE »

SBI cuts interest rate on medium term deposits


Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

BS Poll

Do the bypoll results in UP and Rajasthan suggest that the Modi wave is on the decline?

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Derivatives

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Columnists

The India-Pakistan
phenomenon - ready for
economic deconstruction

Agnikalam

Fully free trade with Pakistan will hopefully abate its relentless compulsions for attack

Big Brother & the Indian
law

Kanchun Kaushal & Rajesh Haldipur

Technology has changed notions of privacy and our laws of evidence and criminal and civil procedure codes need to be updated to account for this

Sweetheart deals that
hurt consumers

Vaibhav Choukse

In spite of globalisation, our health care sector is prey to underfunding, bad governance and lack of implementation of policies

Kashmir floods: Army
gains where media fails

Ajai Shukla

The stage on which this disaster played out is littered with protagonists, most of whom did not receive the attention they deserve

BLOGS


Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

EDITORIAL COMMENT

Mr Xi and Mr Modi

What to keep in mind as the two leaders meet

Innovate upwards

How to escape the middle-income trap

Financial X-ray

Divergent monetary policies positive for India

Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar

Voltas: EMP revival to boost prospects

As cooling segment drives growth, turnaround in electro-mechanical business will boost earnings

BOOK REVIEWS

Global warning

Political Order and Political Decay, taking the reader on a whirlwind tour of modern development from French Revolution to the present

The stormy life of an ex-jihadi

The global war against Al-Qaeda is being fought by the Americans - and the Americans alone

Swaha Pattanaik

Bad sequel
Swaha Pattanaik


'Hike huff' could disrupt markets

John Foley

Bread and circuses
John Foley


China data divide real and economic worlds

CompaniesRss icon

Competition heats up on Mumbai-Dubai route as Jet, flydubai to add flights

Emirates says competition is healthy, sees no impact on its business

Jet Airways ties up with Apollo Hospitals to train ground staff

The airlines is planning to conduct the programme across the country for all its 3,000 ground staff

Makes sense for Hindalco to postpone share sale plan: analysts

Jharkhand mines' issue should be resolved within 3-4 months at the most, says govt


SBI cuts interest rate on medium term deposits

Simultaneously, the bank has hiked the deposit rate by 25 basis points in the 180-210 days category to 7.25%

Muthoot Fincorp floats second NCD issue

The NCDs have face value of Rs 1,000 each

IndusInd Bank cuts interest rate on savings accounts

The reduction in interest rate came into effect from September 1


DoT moves SC against TDSAT verdict on 3G roaming

The tribunal had overturned a govt ban on offering 3G mobile services beyond their licensed zones through roaming pacts

BSNL to offer free calls for a week in Kashmir

Except Poonch, mobile services are either substantially or partially restored in all parts of the valley

Bharti Airtel launches 3G network in African nation Tchad

Tchad with this launch has become the 16th 3G market of the company in Africa


Persistent Systems rises on plans to invest in Altizon

Persistent Systems plans to invest US$100,000 in equity shares of Altizon in one or more tranches

Mastek zooms 25% in two days on demerger plan

The company on Monday announced the demerger of its insurance products and services business into a new company called Majesco.

Mastek's demerging entities to acquire companies in UK, US

Company board okays demerger of insurance products, solutions businesses


Lupin, Merck to join hands to tap emerging markets

Lupin will develop products, provide product dossiers and supply finished products while Merck Serono will be the marketing authorisation holder

Aurobindo gets USFDA approval for anti-infection drug

The ANDA was approved out of unit 12, semi-synthetic Penicillin facility in Hyderabad

Pharma major AstraZeneca launches IT facility in Chennai

The company is planning to bring down the IT spend on outsourcing from 70% to 30% in three years


Bosch workmen on strike over wage renewal

While the company has offered a hike of Rs 17,000 per head per month, the workmen are demanding around Rs 20,000 hike per month

Hero MotoCorp to set up 1.8 million unit plant in AP

To Invest Rs 1,600 cr in the mother plant while various ancillaries will bring in another Rs 1,500 cr investment

Tata Motors declines on weak global sales

Tata Motors dipped 1% after global wholesales in August 2014 stood at 73,524 units showing a declination of 10%


NCC's Rs 600 cr rights issue to open on Sep 29

ICICI Securities and SBI Capital Markets are lead managers to the issue

Cash-strapped discoms, lack of political will impede 24x7 power supply plan

The Centre's FRP required the states to meet the criteria of considerable rate hike and measures to cut losses on their account books

Despite bumpy ride in India, Tata Power finds success abroad

Company developing 2,600 Mw abroad when 8,000 Mw projects in India are not progressing


Competition heats up on Mumbai-Dubai route as Jet, flydubai to add flights

Emirates says competition is healthy, sees no impact on its business

Jet Airways ties up with Apollo Hospitals to train ground staff

The airlines is planning to conduct the programme across the country for all its 3,000 ground staff

Cox and Kings hits new high on fund raising plans

The stock was up 6% to Rs 333, extending its previous day's 5% rally on National Stock Exchange.


GMR to set up aerospace training hub at Hyderabad airport

With the help of a French multinational Safran, a team from GMR visited the aerospace training centre located in Morocco for the purpose

BHEL to accelerate UP thermal power projects

Company currently working on commissioning several Greenfield projects

GMR to raise Rs 1,500 crore through Rights Issue

Gearing to drop to 2.7 times as networth to be shored upto Rs 14,000 crore


Future Retail gains as MSA (Singapore) acquires stake

MSA (Singapore) acquired over 26 lakh shares of Future Retail at Rs 120.18/share

Market rally rejigs cement, pharma pecking order

Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs

Retailers seek higher foreign funding cap

Say capital crunch will ease if foreign portfolio investors are allowed to invest more


Makes sense for Hindalco to postpone share sale plan: analysts

Jharkhand mines' issue should be resolved within 3-4 months at the most, says govt

Mining glitches for Hindalco

Company's five bauxite mines in Jharkhand have been closed by the state government

Mid- and small-cap stocks tank on profit booking

Century Plywood, Munjal Showa, CCL Products, Himadri Chemicals and Marksans Pharma from small-cap index plunged more than 10% each.


Multiple rerating triggers for UPL

The company is now focussing on differentiated formulations and will launch nine innovative products over the next three years

Competition watchdog clears Zuari's open offer for MCF

Zuari entities' Rs 211-cr offer for 26% stake in MCFL is supported by the existing promoters and would be "a competing open offer" to Deepak ...

Zydus Cadila sets Rs 10,000 cr sales target by FY16

Ahmedabad-based company has planned a capital expenditure of Rs 450 cr this fiscal


IOC cuts refinery output as rains hit fuel demand

A late revival of monsoon rains has alleviated power shortages thanks to improved hydroelectric supply, thus reducing demand to run generators

ONGC Videsh signs LOI with PetroVietnam for joint exploration

PetroVietnam, in turn, could participate in a few of the exploration blocks of ONGC Videsh on mutually agreeable terms

ONGC dips 9% in one week after government announces divestment plan

Coal India and NHPC too declined 7% each since the divestment plan announced.


CARE hits record high on special dividend of Rs 65 per share

The aforesaid special dividend will be paid to the shareholders on or before October 14, 2014

MCX gains as CCI clears Kotak's 15% stake buy

Meanwhile, the Sebi on Monday renewed MCX-SX license for a tenure of one year with caveats.

Fund-raising via QIPs nears record high

So far this year, 20 firms have raised Rs 28,078 cr through this route, the highest since 2009


Beyond Business Rss icon

Bling it on

Four style gurus have decided to expand their repertoire and conquer another bastion of design - jewellery

Battles of the mind

Bobby Fischer's face-off with Boris Spassky wasn't just about chess. Pawn Sacrifice tries to capture the turmoil in the American grandmaster's ...

Commodities

Commodity
Price(Rs)
Change
(%)

26949.00
-50
-0.19

5731.00
+64
+1.13

41390.00
-10
-0.02

238.30
-1.9
-0.79

423.00
+0.7
+0.17

FEATURES

In Depth Rss icon

For car makers, it's not a full turnaround yet

Buoyed by strong sales, Maruti Suzuki, Hyundai and Honda have scaled up their annual targets, but others are still stuck in low gear

Builders' delaying tactics force flat buyers to take legal action

With dissatisfied apartment buyers increasingly seeking legal redress for possession delays, real estate companies are being forced to take heed

Real Estate

How about investing in smaller cities?

There are good reasons, such as lower costs and better quality of life, for companies and individuals moving to places beyond the metros

Brand World Rss icon

Aamir Khan

Time for Satyamev's results

Star Plus' social issues show looks at ways to become a people's brand for the next set of viewers

Why time ran out for HMT

Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share

Business Education Rss icon

Companies move away from campus, get closer to students

Companies are moving closer to students to gauge their personal interests, abilities before hiring them