RBI tightens norms to deal with errant borrowers

Anybody with dues above Rs 5 cr is now an 'non-cooperative borrower' and that tag comes with consequences

COMPANIES »

Walmart sharpens India focus after break with Bharti


Gets ready to open store, in Agra, after two-year break; global head comes next month

ECONOMY »

Prabhu ropes in Vinod Rai to infuse transparency in Railways


Rai, former CAG, is widely credited with unearthing 2G spectrum allocation scam

MARKETS »

Nifty ends above 8,300; Sensex up 330 points


HDFC, HDFC Bank, Axis Bank, SBI and ICICI Bank rose between 1-3%

AROUND THE WORLD »

Wall St edges higher at open; Gilead weighs


S&P 500 notched its best weekly performance in nearly two months

CURRENT AFFAIRS »

Aamir's PK accused of being anti-Hindu as #BoycottPK trends on Twitter


The Raju Hirani directed film which released this Friday is being panned by Hindu fundamentalists

THE STRATEGIST »

Back to basics


Smart IT infrastructure and data analytics are powering Marico's supply chain and back-end operations

BANKING ANNUAL »

More governance, less government


Ending dual regulation and improving transparency in decision-making are key to improving the health of public-sector banks

BS Poll

Is it time for Prime Minister Narendra Modi to break his silence on the conversion issue and break the deadlock in parliament?

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Derivatives

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Columnists

Of dogs' tails and
leopards' spots

Ajai Shukla

India must watch for signs after Peshawar that Pakistan is waking up to the dangers of Islamism

The digital year
Shailesh Dobhal

India Inc will remember 2014 as the year when the threat and the opportunity of the digital world became real

India's tech
transformation: Making
workers the winners

Noshir Kaka & Anu Madgavkar

New technologies will force millions of workers to acquire new skills

A Rs 12,000-crore
year-end gift

Arunabha Ghosh & Abhishek Jain

How could India increase access to modern cooking energy for millions of under-served citizens while maintaining fiscal discipline?

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

Flaws in policy

Farmers still struggling for access to govt schemes

A new class

Is the end of business-class air travel visible?

Financial X-ray

Should RBI let the rupee depreciate further against the dollar?

Might not want to allow a sharp fall, as this can prove risky for portfolio investments

L&T: Accumulate at every dip

Correction could be used to accumulate the stock

BOOK REVIEWS

An old soldier's meandering memories

Pranab Mukherjee's book is little more than a hagiography of Indira Gandhi and makes us none the wiser

A greater escape

Mark Felton has written a straightforward adventure story, which is undoubtedly the object of the exercise, and he’s done it excellently

John Foley

Looking after number one
John Foley


China will make 2015 year of missed opportunities

Neil Unmack

Yield signs
Neil Unmack


High-yield boom enters hold-your-nose territory

CompaniesRss icon

Today's picks- 22 December 2014

Nifty, Bank Nifty, Jindal Steel, ITC & Tata Motors

Bhushan Steel's promoters among 260 entities barred by Sebi

Three promoters of debt-heavy firm among 260 entities barred over serious charges in decision on Radford Global

Received multiple complaints against DLF, says Sebi

Investors too had complained said counsel for the regulator in SAT


HDFC offers fixed-rate home loans for 10 years

Cuts deposit rates up to 15 bps across maturities

HDFC Bank nears record high as FIPB clears FDI proposal

The stock up nearly 3% to Rs 965 on National Stock Exchange.

Four SBI Group DMDs appear for interview for MD's post

A Krishna Kumar who was MD and Group Executive (International Banking- IBG), retired on November 30


Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Airtel to sell telecom tower assets in Zambia and Rwanda to IHS

The deals will allow Airtel to focus on its core business, reduce debt and cut down on capex

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.


Satyam scam: HC orders removal of Tech Mahindra from ED case

Justice Vilas Afzalpurkar today held that the company cannot be held responsible for the acts committed by SCSL before the acquisition

R Systems International surges over 10% as board approves share buyback

The stock rallied 11% to Rs 91, hit a fresh 52-week high of Rs 95 during intra-day trade on National Stock Exchange.

FTIL promoter group entity skips holdings disclosure

Sigma Financial Services, part-owned by Jignesh Shah's private firm, held 7,000 shares of FTIL


Received multiple complaints against DLF, says Sebi

Investors too had complained said counsel for the regulator in SAT

Tata Power's Trombay plant develops technical snag

The gas turbine generator rotor of the Combined Cycle Gas based unit developed an inter-turn short and ground

NCC hits 52-week high on FII buying

On Friday, 19 December 2014, Van Eck VIP Emerging Markets Fund bought 3.81 million shares of NCC at Rs 82.90 per share.


Jet Airways raises $150 mn foreign loan

Debt raised from banks in Dubai, Abu Dhabi, Bahrain and Doha with Mashreqbank psc as book runner for transaction

Co-founder of SpiceJet seeks 2-3 weeks to finalise rescue

Ajay Singh is in talks with US-based private equity investors to raise funds and lead a turnaround of the ailing carrier

SpiceJet rallies 40% in two days on change of guard report

The stock rallied 41% to Rs 18.60 from Rs 13.20 on December 18 on BSE.


Cement industry in South India facing various pressures: N Srinivasan

The cost of production is going up while the industry is not able to increase the prices to meet it, he said

Monte Carlo shares fall 12% on debut

Shares of the company ended at Rs 566.25 compared to the issue price of Rs 645 per share on NSE

Monte Carlo lists below issue price

Shares trade at Rs 598 as against issue price of Rs 645


Today's picks- 22 December 2014

Nifty, Bank Nifty, Jindal Steel, ITC & Tata Motors

Bhushan Steel's promoters among 260 entities barred by Sebi

Three promoters of debt-heavy firm among 260 entities barred over serious charges in decision on Radford Global

Coal India ready for conciliation as unions threaten strike

Employee unions of state-owned CIL and SCCL had on December 17 threatened to go on strike


Tata Chemicals to target FMCG market

TCL is going through a restructuring programme to prune its debt

Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India


Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry

Jagran Prakashan hits 52-week high on acquisition plan of Radio City

The stock hit 52-week high of Rs 155 on NSE.


Cairn India extends gain as oil surges from five-year low

The stock moved higher by 3% to Rs 248, extending its 4% gain in past two trading sessions on BSE.

New York fracking ban is bad news for RIL, shale gas producers

Analysts say RIL's venture with Chevron will be impacted

Is the fall in Aban Offshore's stock justified?

Street worried on impact of lower oil prices; analysts say these can be partly offset by de-leveraging gains


Economy Rss icon

Arunabha Ghosh & Abhishek Jain

Arunabha Ghosh & Abhishek Jain: A Rs 12,000-crore year-end gift

How could India increase access to modern cooking energy for millions of under-served citizens while maintaining fiscal discipline? There ...

Commodities

Commodity
Price(Rs)
Change
(%)

26612.00
-386
-1.43

3556.00
-60
-1.66

35952.00
-988
-2.67

406.10
-3
-0.73

204.10
-17.3
-7.81

FEATURES

In Depth Rss icon

Xiaomi bets big on India despite problems

The recent trouble over security issues aside, the company is stepping up its plans for India, including diversifying into new products and ...

Conversion: Fuelled by faith, love, politics

The right-wing believes preventing conversions will complement the Prime Minister's development agenda and consolidate political gains

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

Digital gets a seat at the CxO table

The vertical is increasingly moving from the fringes to the centre of the management table at agencies

YouTube challenger lets music fans call the shots

A more engaged audience yields higher ad rates, and Interlude's narrative mazes also offer ways to incorporate brands

Business Education Rss icon

BITS Hyderabad opens its doors for overseas students

To start with, at its Hyderabad campus, it would take 50 foreign students for its more than a dozen undergraduate programmes from next year