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MARKETS »

Divestment contenders beat Street


However, do not rush to buy such stocks; take a hard look at the fundamentals and treat each on its merit, analysts say

COMPANIES »

ITC net up 15.6% on agri, paper, cigarette sales


Cigarette segment saw an increase of 21.4% in pre-tax profit at Rs 2,721.75 cr

ECONOMY »

Top earners, high-growth sectors under tax scanner


Tax department monitoring payments to professionals, high-value personal expenses

Around the world »

With Microsoft in sights, China starts to squeeze US tech firms


China has used its antimonopoly law, which went into effect in 2008, with a special zeal against US technology companies

Roberto Azevêdo

India @WTO »

WTO: G-33, G-20 meet fails to break impasse


Director-General Azevêdo talks of action plan as deadline nears for trade facilitation agreement

PERSONAL FINANCE »

Does a housing investment pay at all?


You may not believe it but data show average real appreciation in residential property in urban India over 2007-14 was zero

Jignesh Shah

CURRENT AFFAIRS »

NSEL crisis: Lessons aplenty for everyone


Regulators, borrowers, employees, investors learn some old lessons in new ways

OPINION »

COLUMNIST »


Arvind Subramanian: A solution for the WTO

India is right to support its agriculture, but is going about it the wrong way

Editorial Comment »


The status quo option

RBI should maintain its inflation-fighting credibility

ON THE BEAT »


Nitin Sethi:NDA's radio silence takes the toll on India's WTO stance

The next 48 hours will show whether the new govt was only sabre-rattling or if it is better able to play the multinational negotiations firmly


TAKE TWO »


Retailers search for clarity in govt's policy confusion

While the government may be looking at easing the rules for single-brand retail, multi-brand and online continue to be caught in a logjam

BS Poll

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Derivatives

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Columnists

A solution for the WTO
Arvind Subramanian

India is right to support its agriculture, but is going about it the wrong way

Tribunals in the
doldrums

M J Antony

The Supreme Court will decide their legal status in two months

Ambient intolerance goes
up

Bharat Bhushan

With the ambient temperature of Hindutva rising in Indian social discourse, the question is whether Modi is letting situation drift deliberately

What can replace the
collegium?

Subir Roy

Katju has done nation a service by highlighting fact that collegium system, created by apex court to safeguard the independence of judiciary

BLOGS


Christendom and the world fail Iraqi Christians
Rajat Ghai

The ISIS' rise has sounded the death-knell for a community that has been suffering for the past 1,400 years

Things fall apart , the Centre cannot hold
Kavita Chowdhury

As the Congress heads into another round of assembly elections by 2014 year end, insiders admit that they are reconciled to facing defeat

EDITORIAL COMMENT

The status quo option

RBI should maintain its inflation-fighting credibility

Asia's hunger for change

A tired Indonesia votes for an outsider

Financial X-ray

Bharti Airtel: India biz drives Q1 earnings

India margins and realisations trend upwards, Africa witnesses high customer churn, margin dip

Cigarettes continue to drive ITC's profitability

While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction

BOOK REVIEWS

Core competency is back in fashion

The authors say that in business it can be easy to get so enamoured with your growth strategy that you forget to step back

Much ado about everything

Mark Miodownik takes us into the shrouded architecture and history of each of these materials, drawing on “psychophysics”

Pierre Briancon

A fine award
Pierre Briancon


Yukos ruling casts Russia further into the cold

Martin Hutchinson

Capex blues
Martin Hutchinson


US corporate capex may be as good as it gets

CompaniesRss icon

ITC net up 15.6% on agri, paper, cigarette sales

Cigarette segment saw an increase of 21.4% in pre-tax profit at Rs 2,721.75 cr

DCB Bank aims to double balance sheet in 3 years

The bank had closed the first quarter (April-June) of this financial year with total assets of Rs 12,884 cr

Ranbaxy provisions for settlement with US

The company continues in red due to the provision for settlement with US govt


ITC net up 15.6% on agri, paper, cigarette sales

Cigarette segment saw an increase of 21.4% in pre-tax profit at Rs 2,721.75 cr

Cigarettes continue to drive ITC's profitability

While hotels and FMCG saw weak top line growth, most segments witnessed Ebit margin contraction

VIP Industries Q1 Net up 16.52% at Rs 26.8 crore

The company had reported a net profit of Rs 23 crore in the April-June quarter of the previous year


DCB Bank aims to double balance sheet in 3 years

The bank had closed the first quarter (April-June) of this financial year with total assets of Rs 12,884 cr

Bank of Baroda installs cash-recycling ATMs

These ATMs allow cash recycling operation where by the deposited cash can be dispensed in future transactions

Rajiv Lall to be MD of IDFC's bank

Existing shareholders to get equivalent share in the proposed bank


Airtel net rises 61% on data revenue

Operating earnings up 18%, Africa revenue rises 12% in constant terms

Bharti Airtel: India biz drives Q1 earnings

India margins and realisations trend upwards, Africa witnesses high customer churn, margin dip

Market rally throws buybacks off track

Ongoing offers unlikely to succeed as shares trading above highest buyback prices


Hexaware will diversify its global delivery: R Srikrishna

Interview with Chief Executive, Hexaware Technologies

Buy TCS in small quantities

Investment experts advise buying on correction or having an accumulation plan for the next one year

Flipkart to announce $1-bn fund-raising today

The country's top e-commerce company is also said to be planning a new sprawling complex of 1.5 mn sq ft


Ranbaxy provisions for settlement with US

The company continues in red due to the provision for settlement with US govt

Arun Gupta quits as CIO of Cipla

Under him, a new business technology team was formed at Cipla and he took multiple initiatives

Alembic Pharma Q1 net up 39% at Rs 64.67 cr

Company had reported net profit of Rs 46.64 crore in the April-June period of 2013-14 fiscal


New Jaguar XE sedan to make global debut in September

The company is looking to bring new levels of aluminium-intensive lightweight construction expertise to the segment

Ashok Leyland to invest around Rs 450-500 crore

Company also said would look at sale of non-core assets to reduce debt

TaxiForSure to raise more funds for expansion

Company plans to expand services to 20 cities by 2015


Torrent Power posts net profit of Rs 86 cr in Q1

The consolidated total income from operations for stood at Rs 2,562 cr, up 16%

Power-packed diversification for RPower through JP deal

While the company gets earnings-accretive assets, analysts are cautious, citing a lack of complete deal details

Domestic solar cell makers set to vie with all countries save China

Last month, India slapped dumping duty on solar gear imported from the US, China, Malaysia and Taiwan, to protect domestic players


Praj Industries Q1 net profit down 19%

Company's revenues were Rs 221.27 crore for the quarter up by 28% from Rs 173.06 crore in the last quarter of the same year

MP govt may reclaim 2,200 acre land from BHEL

From 1956 to 1962 the state government had allocated 6,045.180 acres of land to BHEL

V-Guard posted 26% rise in net

Net revenue from operations were Rs. 477.70 crore; an increase of 17%


Prism Cement Q1 net profit at Rs 13.24 crore

The company had clocked Rs 47.87 crore net loss in the same quarter last fiscal

Market rally throws buybacks off track

Ongoing offers unlikely to succeed as shares trading above highest buyback prices

Sintex acquires French component maker Simonin group

The deal is viewed as a strategic move towards consolidating Sintex Group's positioning in the European continent


Sesa Sterlite net at Rs 375 cr

Excluding the exceptional item, the company's bottom line stood at Rs 1,341 cr for the period under review, up 8.5% from estimates

Australia Trade minister welcomes green nod to Adani mining & rail project

Carmichael Coal Mine spread over 44,700 hectares and 189 km rail project will have an operating life of 90 years

JSW Steel wants to pay promoter's wife for brand promotion

A firm 99.99% owned by Sangita Jindal proposed to get recurring annual fee of about Rs 125 cr


MCF open offer bids await CCI nod

Zuari's open offer has been approved by Sebi

Renuka Sugars to soon approach Sebi on Rs 725-cr rights issue

In February, the company's board had given in-principle approval for issuing shares to existing shareholders through the rights issue to raise ...

Govt's 10 fertiliser plants closed, 7 under losses: Nihal Chand

Govt has planned financial restructuring of three sick units namely MFL, BVFCL and FACT


RBI fines 12 banks in DCHL loan default case

The banks collectively had a total exposure of around Rs 4,000 crore

HT Media Q1 net at Rs 32.67 crore

Company had posted a net profit of Rs 47.49 crore and net sales of Rs 532.23 crore in the corresponding period a year ago

NDTV shares spurt 20% on takeover buzz, Trai norms

TV Today, Zee Media up over 5% each


HPCL to go solo on its Rs 700-cr LPG facility

France's Total SA was to partner the company earlier for the Mangalore project

BP profit jumps, but warns of Russia sanctions impact

BP says till date, sanctions haven't impacted business in Russia, where it makes a third of its crude oil output, but that could change

Gas price review likely to cover uniform pricing

Govt deliberations appear set to go over this part of Rangarajan recommendation, too


Beyond Business Rss icon

Being Jessica Alba

Hollywood celebrity trainer Ramona Braganza plans to spread her fitness mantra through a new range of gyms across the country

First of a new sort

Audi's A3 heralds the birth of a sedan that promises luxury and performance while providing an affordable upgrade to the executive class

Commodities

Commodity
Price(Rs)
Change
(%)

27865.00
-61
-0.22

6084.00
-55
-0.9

44302.00
+130
+0.29

229.60
+2.1
+0.92

429.75
-2.45
-0.57

FEATURES

In Depth Rss icon

Retailers search for clarity in govt's policy confusion

While the government may be looking at easing the rules for single-brand retail, multi-brand and online continue to be caught in a logjam

Arun Jaitley

Will the govt hit its stake sale target this time?

Even though the past record has been dismal, experts are gung-ho about not just meeting the target but also surpassing it

Real Estate

Can a housing society expel its member?

Yes, but procedure is not easy. If expelled, member loses the right to his property

Brand World Rss icon

Himalayan

Himalayan climbs up the price ladder

NourishCo, the Tata-PepsiCo JV, extends the brand to sparkling water to take on foreign brands with price edge

Crime pays on TV

It may be a murky real world but crime themes bring in steady viewership for GECs

Business Education Rss icon

National Skill Development Corp to train 120 mn by 2022

NSDC has made a skill development management system where data of all trainees is maintained