MARKETS »

Markets shrug off Grexit fears; Nifty ends above 8,500


The recovery in late trades was led by pharma shares and index heavyweights

Yanis Varoufakis

Greece Crisis »

Greek FM Yanis Varoufakis resigns after 'No' vote


Varoufakis, who often clashed with creditors in negotiations over the past months, announced his resignation on Twitter

COMPANIES »

Coal India goes on a production overdrive to fuel economy


Rising output shows sharp turnaround in CIL's output

AROUND THE GLOBE »

China freezes IPOs in attempt to stem stock market bleeding


Halting IPOs may stem the diversion of funds away from current listings

ECONOMY AND POLICY »

New census does not make consumption-based poverty analysis insignificant: Panagariya


Interview with Arvind Panagariya, Vice-Chairman, NITI Aayog

CURRENT AFFAIRS »

First Tejas Mark II engine to arrive in September


US refusing to cooperate on Advanced Medium Combat Aircraft engine; defence ministry floating global tender

FINANCE »

Irdai steps in to get rid of the middleman


The draft guidelines, if implemented, will ensure TPAs can no longer reject claims

BS Poll

Do the latest developments in the Vyapam scam show that BJP is facing a crisis of credibility?

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Derivatives

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Columnists

How to buy a rifle
Nitin Pai

Prepare procurement plans well in advance, and have them cleared by the Cabinet, not just the services and defence ministry

Greece's moment of
reckoning

Abheek Barua & Bidisha Ganguly

The Greek leadership is trying to convince the people that voting "no" would not necessarily lead Greece out of the euro

Is the capex cycle
finally turning?

Sajjid Chinoy

3 factors are driving pick-up - alleviation of implementation bottlenecks, a front-loading of govt capex spending & monetary condition easing

Smart agencies for smart
cities

Sunita Narain

We know that our current municipal service providers are hampered by lack of technical capacity and crippled with poor governance

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

A bottom-up approach

Census figures on deprivation call for improved delivery system

Digital ambitions

E-governance roll-out needs better infrastructure, privacy protection

Financial X-ray

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infra plays: Grabbing market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering,Kalpataru Power and Alstom T&D among analysts' top picks

BOOK REVIEWS

Tracking the Clintons

The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

LocalBanya partners with Vinculum to automate backend

The portal is aggressively trying to expand beyond Mumbai, Delhi, Pune, Hyderabad & Noida, where it currently operates

Mahindra Holidays lines up new projects worth around Rs 600 cr

The company is also considering acquisitions in India and abroad

Mahindra revamps two wheeler business

Discontinues sales of three scooters, Duro, Flyte and Kine and one motorcycle, Pantero cutting down its product portfolio


Tilaknagar Industries soars 20% on buyout report

According to reports, the Kishore Chhabria-controlled Allied Blenders & Distillers has entered the final round of negotiations to acquire a ...

Chhabria's ABD to acquire Tilaknagar Industries

Kishore Chhabria and Amit Dahanukar, CMD of Tilaknagar Industries, are slated to meet in London on Monday to finalise the deal

Four consumer plays to consider

Recent correction in these stocks offers an attractive entry opportunity in select names with healthy growth prospects


Union Bank to open 100 digital branches this year

Bank will also be launching Near Field Communication-enabled contactless debit cards

Kotak Mahindra Bank gains on FIPB nod to increase foreign investment limit

At 0921 hours, the stock was up 2% at Rs 1,458 on the NSE.

Kotak Bank bullish on corporate loans, eyes up to 20% growth

Says revival in large ticket loan demand will come in the final quarter


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Tech Mahindra hits fresh 52-week low

The stock is down nearly 2% at Rs 464, extending its past week's 10% decline on the NSE.

Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit


Pharma shares in demand on governmental boost

Marksans Pharma, Elder Pharma, Bliss GVS Pharma, Novartis, Vivimed Labs and Claris Lifesciences were up 5%-20% each.

Bliss GVS Pharma soars over 30% in two days on bagging $35 million contract

Thus far in 2015, the stock has zoomed 187% compared to sub-2% rise in the CNX Nifty.

Bliss GVS Pharma zooms 20% on bagging $35 million contract

Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.


Mahindra revamps two wheeler business

Discontinues sales of three scooters, Duro, Flyte and Kine and one motorcycle, Pantero cutting down its product portfolio

Suzuki to ride on Indian roads without Maruti

Suzuki's new cars will carry only the 'S' badge

Tata Motors bets big on rural sales growth

At present, the rural market brings 15 per cent of sales for the domestic operations


Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT

Neyveli Lignite's Unit- I Of TPS-II expansion qualified for commercial operation

With this, the power generating capacity of NLC has increased from 3,490 Mw to 3,740 Mw

Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner


Mahindra Holidays lines up new projects worth around Rs 600 cr

The company is also considering acquisitions in India and abroad

Indian Hotels delists from London Stock Exchange

The GDRs have been delisted in the light of low trading volume

Never say goodbye

Hotels are wooing a growing band of travel enthusiasts with a range of flexible and lucrative loyalty programmes


Chemical business to aid SRF's sales, margin growth

Segment is expected to grow faster than its other segments of technical textiles

Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well

We have seen over 10% like-to-like growth in June quarter: Govind Shrikhande

Interview with managing director, Shoppers Stop


OMCs extend rally on drop in oil prices

At 1016 hours, BPCL was up 3% at Rs 929, while HPCL and IOC were up 2% each at Rs 788 and Rs 423 respectively.

IOCL to put on stream 3 more petrochemical units by 2020

Combined investment in the two units is pegged at around Rs 13,000 crore

ONGC to cut gas production by 40%

Due to repair work, there will stoppage of production at some wells. Output to fall by 13-14 mmscmd


LocalBanya partners with Vinculum to automate backend

The portal is aggressively trying to expand beyond Mumbai, Delhi, Pune, Hyderabad & Noida, where it currently operates

MCX inks pact with Christ University to promote research

Will contribute to the development of skill sets, financial literacy, and research in commodity price risk management

SC primes the pump on retail gas pricing, scuttles PNGRB

Major boost for city gas distribution investments


Beyond Business Rss icon

Vijender Singh: Punching above his weight?

For the glamour-smitten boxer, turning pro was the next logical step

Kolkata's crumbling legacy

Group of artists, economists, historians launched a crusade to rescue city's old houses that are part of history, but it's difficult fight

Commodities

Commodity
Price(Rs)
Change
(%)

26221.00
-131
-0.5

3473.00
-47
-1.34

35836.00
-323
-0.89

359.20
-10.8
-2.92

174.70
-1.4
-0.8

FEATURES

In Depth Rss icon

Indian diplomats' domestic trouble

Contracts with India-based domestic assistants for officials abroad have become a headache for the Indian government

I love Housing.com but am not sentimental about it: Rahul Yadav

Rahul Yadav, the recently-ousted CEO of Housing.com, says he is too logical to be sentimental about the venture he co-founded three years ago

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate