RBI in talks with govt for recapitalisation of banks

For the current fiscal, the government has allocated Rs 7,940 crore in the Budget for capital infusion in state-owned banks

MARKETS »

IT stocks drag Nifty below 8,450; Sensex breaks 28,000


The broader markets, however, outperformed their larger peers

COMPANIES »

M&A hits six-year low in first-half of 2015


First half of the year worth $14.1 billion transactions, lowest since $9.1 billion in 2009

Greece Crisis »

Limited impact from Greece financial crisis: Rajan


Says that central bank and government are in talks to inject more capital into public sector banks

ECONOMY AND POLICY »

Railway project allotments at one-year low


Govt awarded projects worth Rs 31 crore in the rail sector, a 92% reduction from last year

Madrasa

CURRENT AFFAIRS »

Madrasas not teaching primary subjects to be classified as non-schools


It is not a school but a source of religious education, says State Minorities Affairs Minister Eknath Khadse

AROUND THE GLOBE »

China dismisses reports of presence of PLA troops in PoK


Says reports about presence of Chinese People's Liberation Army (PLA) soldiers in PoK are "groundless"

FINANCE »

Greece crisis fails to make a dent on rupee


Domestic currency emerges fifth best performer among major global ones

Data Stories

The 'Net' effect

A report by McKinsey Global Institute estimates the economic impact of the Internet of Things could be $3.9 tn to $11.1 tn a year by 2025

BS Poll

Will Greek crisis blow over after the referendum?

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Derivatives

Opinion Rss icon

Columnists

The centrality of cash
flows

Shyam Ponappa

Without it, one can hardly aspire to better living conditions

Taking each other for a
ride

Anjuli Bhargava

Ride-sharing can be a cheaper and more entertaining way to commute. It may, in fact, be a safer option than depending on a cab driver

PE in India - Setting
new benchmarks

Rohit Kapur, Vivek Pandit & Toshan Tamhane

Private equity as an asset class has had a significant impact on investee companies as well as the economy

Written down value
Kanika Datta

Alarming frequency with which these books now appear on book review editors’ desks suggest that they either meet an urgent market demand

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

Macroeconomic stability not a guarantee to accelerating growth

Bank credit growth and corporate profitability patterns paint a picture of persistent stagnation

Insuring crops: Urgent need for insurance & compensation fund

Existence of such a fund would obviate the need to announce special compensation packages

Financial X-ray

IndiGo IPO: Higher valuations can lift sector

Operational improvement must for Jet and SpiceJet to bridge valuation gap with market leader

IGL: Strong prospects, regulatory clarity to drive re-rating

Analysts are likely to upgrade stock after favourable SC verdict

BOOK REVIEWS

Archiving herstory in the freedom struggle

Sagari Chhabra’s book attempts to correct this historic wrong of confining women freedom fighters’ contributions to vaults of forgetfulness

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

Coal India Q1 output up 12% at 121.33 mn tonne

The miner has met 99% of its production target of 123.04 mn tonne in first quarter of current fiscal

I believe this will be our best quarter ever: Rajiv Bajaj

Interview with managing director, Bajaj Auto

Ramco Systems surges on signing pact with Australian firm

In the past three trading sessions, the stock has rallied 27% compared to a 1.3% rise in the S&P BSE Sensex.


Videocon gets shareholder nod to raise Rs 5,000 cr

Could raise funds through GDR, FCCBs

Food drives the ITC truck

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

FMCG shares in focus; Godrej Consumer, Emami hits record high

At 1243 hours, CNX FMCG index was up 1.5% or 297 points at 20,052 as compared to 0.15% rise in the CNX Nifty.


Markets have a tepid morning; Nifty hovers at 8,450

The IT and banking stocks are subdued this morning, while the auto and metal pack is seeing some buying interest.

Kotak Mahindra Bank lowers base rate to 9.75%

The new rate being offered by the bank is 5 bps higher than its larger rivals

FIPB to consider Kotak Bank, 12 other proposals on July 3

The other proposals to be considered by the panel include that of Hathway Cable and Datacom, DEN Networks and Sistema Shyam Teleservices


Airtel to launch full MNP tomorrow

With national MNP, mobile customers across the country can shift between states without having to change their mobile number

Airtel commits Rs 1 lakh crore investment in tech in 5 yrs

The amount will be spent to build further and deeper infrastructure like taking 4G connectivity to the masses

Today's picks- 30 June 2015

Nifty,Bank Nifty,Tata Steel, Idea Cellular & TCS


Ramco Systems surges on signing pact with Australian firm

In the past three trading sessions, the stock has rallied 27% compared to a 1.3% rise in the S&P BSE Sensex.

Vakrangee surges on FIIs buying

Janus Overseas Fund had bought 1.52% stake in Vakrangee during the April-June quarter.

IT earnings: Seasonal uptick likely in Q1

No big positive surprises expected: Analysts


Dr Reddy's launches new logo and brand

The company has also chosen a new corporate colour- Purple

Aurobindo Pharma CEO resigns

According to a source, Arvind Vasudeva is planning to pursue teaching profession as he is an authorised coach to train the CEOs

Sensex gains 240 points to end above 28,000

Capital goods, IT and financials were the top gainers


BEML hits fresh 52-week high; zooms over 60% in 2015

Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.

Sensex reclaims 28,000; Banks, capital goods key gainers

The strong May core sector growth back home and positive cues from the global market front aided the rally

Bhel commissions Sudan's largest power project

Company has executed this project on Engineering, Procurement and Construction basis


SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.

Kishore Biyani's limitless ambitions

He wants to transform his retail-led enterprise into a consumer goods giant, and reach Rs 1 lakh crore in turnover by 2021, but is that

Raymond: New clothes on an old emperor

Raymond looks to reclaim its place as the perfect brand for the perfect man. Can it keep up with the changing times?


Coal India Q1 output up 12% at 121.33 mn tonne

The miner has met 99% of its production target of 123.04 mn tonne in first quarter of current fiscal

JSW to spend Rs 50-cr for school of public policy at IIM-A

School will be set up at IIM-A campus and will be run by the institute

Gopal Singh named as new CMD of NMDC Limited

13 persons were interviewed for selection process earlier in the day


Nestle plans to relaunch India's favourite snack

In an internal email, the firm has said that it would like to return Maggi to its rightful place

Maggi export relief not significant, say analysts

Firm, however, says operating domestic production lines for export of the product is viable

Nestle India gains on Bombay HC nod for export of Maggi noodles

The stock hit a high of Rs 6,306, bouncing back nearly 5% from intra-day lows of Rs 6,022 touched on the NSE in early morning trades.


BPCL, HPCL, Indian Oil hit 52-week highs on growth prospects

IOC has rallied nearly 6% to Rs 413. HPCL and BPCL have surged 4% and 2%, respectively on the BSE in intra-day trade

BPCL acquires 19.97% stake in PetronetCCK

PCCKL will become a subsidiary of BPCL with BPCL holding 68.97%

RIL to defer gas field development if price outlook uncertain

Development of of R-Series and other satellite gas fields dependent on the future economic viability of the required investments, said Niko


Beyond Business Rss icon

The incredible lightness of being

Pilates, a fitness system that focuses on stretching to help the muscles find their balance, is becoming popular. The author tries it out

Wimbledon 2015: The contenders

The tournament holds enormous significance for both Serena Williams and Novak Djokovic, though for different reasons

Commodities

Commodity
Price(Rs)
Change
(%)

26196.00
-215
-0.81

3638.00
-11
-0.3

35313.00
-63
-0.18

373.05
-0.9
-0.24

179.90
+2.3
+1.3

FEATURES

In Depth Rss icon

Has Greenpeace jolted the tea industry?

The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides

States to get report card on business friendliness

To start with, it will issue report cards on the progress made by the states on their investment friendliness

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

Food drives the ITC truck

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

CavinKare plots a new route

The Chennai-based company is taking its best-selling brand national, taking on stalwarts in the hair care sector