MARKETS »

Markets end lower for fifth straight session; Nifty breaks 8,400


Weakness in index heavyweights such as Hindustan Unilever and the pharma space drags the indices lower.

COMPANIES »

RIL's credit metrics to improve over next 2 yrs: Moody's


RIL's PBDIT rose 8% in Q4 due to improved performance of its refining segment, despite 26% droop in revenues

ECONOMY AND POLICY »

Claims of windfall gains from coal auction unclear


States will get revenue over a 30-year lease period based on mining plans. States get about Rs 6,200 cr annually only when all 33 blocks start ...

AROUND THE GLOBE »

China set for first state-owned firm to default on bond


Baoding Tianwei Baobian Electric Co says it has not raised enough funds to make a bond interest payment due on Tuesday

FINANCE »

Rupee hits 3-1/2-month low as FIIs fret over tax concerns


Weak Asian peers, broad dollar strength weighs

BRAND WORLD »

Cross embeds wearable tech in leather products


White House's official pen brand is tweaking its pricing to enter accessories market

CURRENT AFFAIRS »

Salman hit-and-run case: Court to pronounce judgement on May 6


The 49-year-old actor is accused of ramming his SUV in a roadside bakery in suburban Bandra on September 28, 2002, killing one person and ...

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Columnists

Sons who won't leave
home

Ajit Balakrishnan

Successful parents are increasingly faced with continuing to support children in their 20s or 30s

Keeping a weather eye on
climate

Surinder Sud

Scientists are now keeping tabs on weather abnormalities while crafting technologies to combat climate change-related challenges to agriculture

Getting real about real
estate

Vinayak Chatterjee

The Real Estate (Regulation and Development) Bill seeks to bring order to an ungoverned market

Build capacity for
energy diplomacy

Arunabha Ghosh

India’s energy diplomacy is certainly demonstrating a quest for variety, both in energy sources and the countries from which to secure them

BLOGS


Can getting an ATM PIN cost you Rs 300? It's possible!

It can if your debit card belongs to a PSU bank

DTH pricing teaches us why net neutrality is important

Rising DTH prices serves a grim reminder why the government should prevent business interests from spoiling the net neutrality party

EDITORIAL COMMENT

In need of a strategy

Government should deal with the media, not blame it

TCS comes down to earth

Don't expect information technology to sparkle this fiscal year

Financial X-ray

ITC: Valuations attractive despite regulatory risk

FMCG business growth ahead of sector; analysts expect Ebit to grow in early teens in FY16

Hindustan Zinc: Volumes boost Q4 numbers

Improving prices and mined production keep analysts positive, with resource base of 365 mt

BOOK REVIEWS

Facts are sacred

Dreger criticised a group of transgender activists who had attacked a sex researcher for his findings on why some people want to change gender

A megacity and its masses

The book under review adds to our understanding of the most deprived sections of Delhi’s underclass, the basti or slum dwellers

Katrina Hamlin

Water works
Katrina Hamlin


Grand plan could make China's water work

Fiona Maharg-Bravo

No place like home
Fiona Maharg-Bravo


Spanish banks will be pushed into more deals

CompaniesRss icon

Markets end lower for fifth straight session; Nifty breaks 8,400

Sell off in Sun Pharmaceutical in addition to profit taking in Hindustan Unilever dragged the indices lower

Hindustan Unilever falls 7% in two days

The stock dipped nearly 5% at Rs 870, extending its previous day's 2.6% fall on the National Stock Exchange.

Symphony gains post March quarter results

The stock is up 2% at Rs 3,065 and hit a record high of Rs 3,140 on the NSE in intra-day trade.


IDBI looking at FPO to shore up capital base

The govt holds 76.5% equity in the bank, a tad over market regulator Sebi's minimum public holding norm of 75%

Bajaj Finance slips on equity dilution concerns

The board has approved share issue worth Rs 1,400 crore via QIP and preferential issue of convertible warrants to promoters

PFC to raise up to Rs 60,000 cr in FY16

Capital will primarily meet the funding requirements of power sector units and projects


Airtel reaches out to its users on net neutrality issue

Firm says its Airtel Zero platform's image has been tarnished, asserts it is committed to maintaining neutrality

Airtel defends 'Zero'; MakeMyTrip comes out to support net neutrality

Bharti Airtel on April 6 had launched 'Airtel Zero' platform, where companies, including startups, can offer apps for free

MFs shuffle portfolios; ITC, TCS & ONGC out of top picks

HDFC Bank pips ICICI Bank, emerges as most sought after stock


HCL Tech numbers worse than street's estimate

A key positive, however, is 2.7% revenue growth in constant currency

Wipro Q4 net up 4% at Rs 2,272 cr

Announces dividend of Rs 7 per share; Rishad Premji appointed as wholetime director

HCL Tech March quarter numbers fail to cheer market

Company net profit grows 3.6 % y-o-y, trails analysts' estimates


Sun Pharma stock drops 9% as Daiichi raises $3.2 bn

The Japanese pharma giant sold 215 mn Sun Pharma shares at Rs 931 a share

Sun Pharma slips 9% as Daiichi Sankyo exits. Should you buy?

A combined 276.63 million shares representing 11.5% of total equity of Sun Pharma changed hands on the NSE and BSE

Nifty ends below 8,400 in late sell-off

The Sensex provisionally ended at at 27,726, lower by 159 points and the Nifty broke the psychological level of 8,400 to end at 8380, down 67 ...


Tata Motors launches 1+1 programme for Nano

Customers of Nano will have privilege to be among first to own new GenX Nano with Easy Shift

Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel

Today's picks- 20 April 2015

Nifty, Bank Nifty, Lupin, NMDC & Hero Motor


Uncertainties cloud earnings visibility of key power players

Imported coal-based generating companies including JSW Energy expected to report robust growth

BHEL commissions 250-mw thermal power plant in Gujarat

Unit has been commissioned at Gujarat State Electricity Corp's Sikka thermal power station on EPC basis

Advent-led consortium to buy unit of Crompton Greaves

The US priavte equity firm is tipped to have picked up the consumer products business for $350 mn, say sources


Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel

Data analytics can help retailers know consumer behaviour

In fashion business, analytics can provide alternatives based on how users go online or to the brick-and-mortar stores to buy clothes

Clariant Chemicals surges on share buyback plan

The stock rallied 14% to RS 980 on the National Stock Exchange.


Tata Sponge Iron falls on weak Q4 results

The stock dipped 9% after reporting a sharp 79% YoY drop in its consolidated net profit at Rs 8.57 crore in March quarter.

Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel

Govt could likely sell 5% stake in Coal India in FY16, too

At current market prices a 5% divestment can fetch the govt as much as Rs 12,000-13,000 cr


Investors cash out of FMCG stocks ahead of results

Disturbed by lack of pick-up in consumption, especially rural, and likelihood of lack of good news on corporate earnings

FMCG shares under pressure; Britannia Industries down 5%

At 1117 hours, CNX FMCG index down 2% compared with 0.83% decline in the CNX Nifty.

Tasty Bite Eatables zooms 20% on open offer by parent

Tasty Bite's US parent and Kagome, Japan have made an open offer to acquire 25.78% of the company


Dish TV: Strong signals

The company is on course to improve its profitability; any move to escalate the smaller recharge options to subsidising the set top box by ...

Ortel Communication bottomline returns to black after IPO

Posts Rs 5.6 cr profit in FY15, compared withh Rs 13.8 cr loss a year ago

CBI files charge sheet against Deccan Chronicle promoters

This pertains to a case filed in February, 2013, against the promoters for criminal conspiracy, cheating and forgery, based on a complaint filed ...


RIL's credit metrics to improve over next 2 yrs: Moody's

RIL's PBDIT rose 8% in Q4 due to improved performance of its refining segment, despite 26% droop in revenues

Videocon: Brazil discovery 3-4 times bigger than ONGC's

The production will take about two and half years

The real reason why Reliance stock has taken a beating despite strong earnings

The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units


Gujarat Gas extends gain post PNGRB nod for gas network in Thane

The stock hit a record high of Rs 862, surged 29% in past five trading sessions against 5% fall in the CNX Nifty.

Google, Facebook, Twitter to gain from growth of eCommerce in India: UBS

Maintains sell rating on Just Dial and buy rating on Bharti Airtel, Idea Cellular, Info Edge in a recent report

Aegis gets 5-acre land to develop new port at Kandla

Land given on 30-year lease, proposed new port to be Aegis' fifth


Beyond Business Rss icon

What driving in the city can do to your health

The travails of driving in the city and how to deal with them

Hindu divided family

The Bharat Ratna conferred on Madan Mohan Malaviya has exposed the frictions within his family

Commodities

Commodity
Price(Rs)
Change
(%)

26912.00
+75
+0.28

3652.00
-19
-0.52

36401.00
+327
+0.91

378.60
-2.3
-0.6

162.30
+1.3
+0.81

FEATURES

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How Snapdeal gains by acquiring Freecharge

The e-commerce company hopes to boost its valuation as well as leverage the growing number of transactions being carried out on mobile phones

Why banks now have more officers and fewer clerks

It is to keep labour unions away and make the employees feel important

Start-ups

Click online for health care records

Health care technology company Practo aims to make its presence felt in 100 cities, innovating to stay ahead in the fragmented sector

Brand World Rss icon

Cross embeds wearable tech in leather products

White House's official pen brand is tweaking its pricing to enter accessories market

Barc: Stability could ease first set of hiccups

In launch run-up, the new ratings system, rivalling TAM, has seen the telecasters divided on higher pricing & lower-than-promised sample size

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Lunch with BS: Arne Sorenson

Sorenson, president & CEO, Marriott International, explains why his partners are willing to shell out 3% of sales and 8-10% of profits