MARKETS »

Markets bounce back; Nifty above 8,200


At 9:20am, the Sensex was quoting at 27,202, higher by 194 points or 0.7% and the Nifty was at 8239, up 57 points.

COMPANIES »

Modi is 100% on expectations in first year: K M Birla


Interview with Chairman, Aditya Birla Group

ECONOMY AND POLICY »

FM proposes separate tax return form for expats


The separate ITR form for foreign nationals is expected to drop certain minor details

THE STRATEGIST »

Start-up blues


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

AROUND THE GLOBE »

China posts biggest drop in factory activity in a year: PMI


PMI falls to 48.9 in April as demand falters, deflationary pressures persist

CURRENT AFFAIRS »

Many ministers in Modi Cabinet low-key on Twitter


Sushma Swaraj does not follow anybody, Gadkari happy to track only two, Parrikar has only 117 tweets, Kejriwal being tracked by PMO

FINANCE »

Sebi to introduce e-KYC framework in two months


New system aimed at reducing costs and time related to account-opening

OPINION »

COLUMNIST »


Subir Gokarn: Rainfall and the economy

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

A K Bhattacharya: Modi govt faces challenges from committees

Have BJP leaders failed to speak up in Parliamentary committees, many of which have criticised govt policies?

BS Poll

Do Arun Shourie's views on the functioning of the Modi government hold water?

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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

Pantaloons Fashion, Aditya Birla Nuvo zoom on merger of apparels businesses

Aditya Birla Nuvo shareholders to get 26 new equity shares of Pantaloons Fashion for every 5 shares held.

Markets bounce back; Nifty above 8,200

The auto sector is in the limelight in early trades post the release of auto sale numbers.

Maruti Suzuki gains post robust April sales

The stock gained 3% to Rs 3,840 on the NSE after reported a 30% year on year rise in total sales in April at 111,748 units.


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


Shriram Transport: Earnings estimates downgraded

Weak show of its equipment finance subsidiary likely to continue, keep the stock under check in the near term

India Inc must temper sky high expectations: Uday Kotak

He lauded the government's 'minimum government and maximum governance' policy and its commitment to improve ease of doing business

Bank of India cuts base rate by 25 bps to 9.95%

The new rate will be effecective from Monday


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


Markets bounce back; Nifty above 8,200

The auto sector is in the limelight in early trades post the release of auto sale numbers.

Maruti Suzuki gains post robust April sales

The stock gained 3% to Rs 3,840 on the NSE after reported a 30% year on year rise in total sales in April at 111,748 units.

Tata Motors turns to GenX Nano to shed 'cheapest car' tag

The GenX Nano is expected to hit the markets in 6-7 weeks time, following which the existing range of Nano will be phased out except for the CNG ...


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 ...

HCC to repay Rs 200-cr debt, explore sale of BOT projects

The company has exited from two of its build-operate-transfer road projects over the last few months

SC allows Gammon India to bid for upcoming 8 metro stations in Delhi

Gammon had moved an appeal against Delhi HC judgment upholding award of Rs 665 cr work to GYT-TPL


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

Supreme Infrastructure gains on EPC order worth Rs 134 crore

The order from Damodar Valley Corporation is for the construction of bridge on river Konar along with its approach road


CAG questions delay in RINL expansion plans

CAG also asks firm to renew its expired mining licences in Odisha in order to get assured iron ore supplies

Man Industries gains on robust Q4 earnings

Net profit for March 2015 quarter zoomed 1,559% to Rs 44.79 crore

Vedanta dips as one time loss impacts March quarter earning

Decline in the global commodity prices along with a sharp decline in crude oil prices impacted the business


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


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

Petrol prices raised by Rs 3.96 a litre, diesel Rs 2.37

From Friday, prices of petrol and diesel in Delhi will be Rs 63.16 a litre and Rs 49.57 a litre, respectively


Aditya Birla Group consolidates apparel biz into one entity

The new entity will have a combined turnover of Rs 5,290 crore and a retail network of 1,869 exclusive stores

VRL Logistics soars 43% on debut

Bumper listing follows record 74-times subscription to its IPO

VRL Logistics lists at 40% premium to offer price

Shares of VRL Logistics which listed today opened at Rs 288, a premium of 40% to the offer price of Rs 205


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
(%)

26623.00
-93
-0.35

3759.00
-31
-0.82

36550.00
+35
+0.1

416.50
+8.1
+1.98

178.40
+2.8
+1.59

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