What Modi mantra? AIIMS anti-graft officer removed

Health Minister Harsh Vardhan gets rid of chief vigilance officer who uncovered widespread corruption at hospital

MARKETS »

Bajaj Auto gains 3% in a flat market; metal stocks weak


Weakness in heavyweights like RIL, HDFC and Tata Steel cap gains in names like HDFC Bank, ITC and SBI

COMPANIES »

Why Jet Airways' no-frills experiment failed to 'Konnect'


The no-frills brand scored poorly on perception, performance, popularity and profit

ECONOMY »

Remove 'chalta hai' approach to projects, Modi tells DRDO


Lauding DRDO's successes, Modi linked its technologists to the sages of ancient India, who isolated themselves from the world to produce ...

Around the world »

China's flash PMI slips to 3-month low in August


New orders sub-index falls to 3-month low of 51.3

PERSONAL FINANCE »

A cheaper option for purchases, with riders


ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity

CURRENT AFFAIRS »

SC to hear petitions against scrapping of collegium system


A new mechanism under National Judicial Appointment Commission (NJAC) was proposed to be put in place instead

PLANNING COMMISSION 2.0 »

People power to new Plan body


A special open forum has been created on the website mygov.nic.in for suggestions

OPINION »

COLUMNIST »


Rahul Jacob: The SEZ fixation

Modi's call for more SEZs amidst growing opposition from farmers is as unrealistic as pursuing "zero defect" manufacturing in India

Nitin Desai: RIP Planning Commission

The Planning Commission has not been central to the policymaking process since the mid-1960s

ON THE BEAT »


Defending Dhoni

If Dhoni was in the team merely as captain, and not as a batsman-wicketkeeper, would he have beaten England?


TAKE TWO »


Brij Bhushan Singal

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt


Have Your Say




Narendra Modi has invited comments and suggestions on his move to scrap the Planning Commission. What would your advice to the Prime Minister be?

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Columnists

RIP Planning Commission
Nitin Desai

The Planning Commission has not been central to the policymaking process since the mid-1960s

Banking on development
Barun Roy

The New Development Bank and AIIB are welcome but can they assuage the growing hunger for infrastructure funding?

Acche din for the
financially excluded or
too much din?

Vikram Gandhi & Chandni Ohri

Financial inclusion experts are not cheering yet since realising this vision requires significant shifts in the regulatory ecosystem

The SEZ fixation
Rahul Jacob

Pushing for more SEZs even as farmers' opposition to them grows across country is as unrealistic as pursuing “zero defect” manufacturing

BLOGS


EPL: week one, take one
Dhruv Munjal

Man United stumble as Chelsea, Man City lay down early marker

Back to the future in Vidarbha for cotton farmers
Aman Sethi

How a new-old planting technique could make rain-fed cotton planting more viable

EDITORIAL COMMENT

Govt action on environment contradicts stated objective

Government is diluting green regulations, not reforming them

In Indo-Pak tango, a wasted moment

By ending talks with Islamabad, Delhi fails vision test

Financial X-ray

Jet Airways: International business is the only hope

Seeks to raise share of international biz to 60%, margins expected to improve on stronger rupee

Bosch: Reversal in fortunes on the cards

Higher domestic demand, increasing exports and localisation should aid revenues, margins

BOOK REVIEWS

Father and friends

Manmohan Singh's daughter Daman Singh charts the journey of her parents in her book Strictly Personal: Manmohan and Gursharan

A borderline case of discomfort

The acute discomfort of both China, India with circumstances that they have found themselves in over past 60 yrs comes out strongly in this book

George Hay

Firing line
George Hay


Latest blunder hits StanChart where it most hurts

Andy Mukherjee

Testing times
Andy Mukherjee


Fed adds urgency to Indonesia's fuel reform test

CompaniesRss icon

Metal shares decline on hike in mineral royalty rates, weak Chinese data

Tata Steel, Sesa Sterlite, JSW Steel, SAIL and NMDC are down 1-2% on the National Stock Exchange.

PSU banks in focus; CNX PSU Bank index up 2%

Union Bank, Canara Bank, Bank of India, Oriental Bank of Commerce, IOB and Andhra Bank are up 3-5% on NSE.

Sterlite Tech up 5% as company to gain from Digital India plan

The integrated optical fibre company could be one of the key beneficiaries of the Digital India plan


Fairness cream makers welcome new ad norms

ASCI yesterday released norms for fairness creams, saying these would go a long way in ensuring ads do not discriminate against people with dark ...

Diversification, new launches to give a boost to Emami's growth

Entry into new and high-growth categories will also help diversify from a seasonal portfolio

Godrej Consumer expects double digit growth in FY15

In the last three years, company has been growing about 28 to 29% annually


PSU banks in focus; CNX PSU Bank index up 2%

Union Bank, Canara Bank, Bank of India, Oriental Bank of Commerce, IOB and Andhra Bank are up 3-5% on NSE.

Kotak Mahindra Bank hits lifetime high

The shares sale has been undertaken pursuant to RBI's requirement to reduce the promoter shareholding

FD scam: Dena, OBC stocks fall

Besides the CBI probe, govt as the owner of both banks has ordered a forensic audit


Today's picks- 21 August 2014

Nifty, Bank Nifty, Tata Power, IDFC & HCL Tech

Street patient for Infy while Sikka makes right moves

Analysts say no performance pressure on Sikka for at least two quarters

TCS' Diligenta secures deal with UK-based Friends Life

In 2011, TCS subsidiary had taken over IT and customer services functions of the UK business of Friends Life for 15 years


Claris Lifesciences gains on MHRA nod for new plant

This will help in enhancing capacities to grow in the regulated markets, especially the European region, Claris said.

Packaging violations: US justice department probes Dr Reddy's

The latest development is in addition to the US Consumer Product Safety Commission's ongoing engagement with the company on the same issue

Zydus Cadila gets USFDA nod to market anti-viral drug Acyclovir

The group now has 95 approvals and has so far filed 249 ANDAs since commencement of the filing process in FY04


Tamil Nadu yet to allocate land to us, says M&M

Company was asking state govt to allocate 200 acres of land for testing & automotive facility

TVS adds Zest to Scooty

Venu Srinivasan said that the new model was all about the aspirations of the young woman

Bosch: Reversal in fortunes on the cards

Higher domestic demand, increasing exports and localisation should aid revenues, margins


SpiceJet flies past Jet to number two rank

IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year

IndiGo evacuates passengers after smoke scare

Hydraulic oil had leaked into the aircraft's left brake assembly unit causing smoke to emerge out of the unit

Jet Airways: International business is the only hope

Seeks to raise share of international biz to 60%, margins expected to improve on stronger rupee


Arvind gains 6% on forays into e-commerce

The company expects Creyate to become a Rs 100-crore brand by next year.

Textile giant Arvind Limited forays into e-commerce

Launches online custom clothing brand; targets Rs 1,000 crore from e-retail business in three years

Arvind forays into e-commerce with custom clothing brand 'Creyate'

Company sees e-commerce as a key growth driver for the group and aims to be Rs 1,000 crore plus business in three years


Metal shares decline on hike in mineral royalty rates, weak Chinese data

Tata Steel, Sesa Sterlite, JSW Steel, SAIL and NMDC are down 1-2% on the National Stock Exchange.

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt

Banks ask Bhushan to sell & lease back critical assets

SBI Caps readies plan, identifies 4 assets; bankers say there are enough bidders


MCFL stake buy move gets CCI nod: Deepak Fertilizers

Deepak Fertilizers and Petrochemicals Ltd as well as Zuari Agro Chemicals are looking to take over MCFL

Pune-based TastyKhana ties up with Domino's Pizza

Tie up would enable TastyKhana.in to take online orders through their website for Dominos Pizza across 158 cities

Is Deepak Fertilisers losing interest in MCF takeover bid?

Company has so far shown reluctance to revise its open offer as well


Zee Entertainment gains 4% on Nifty inclusion

Zee Entertainment Enterprises will replace United Spirits in Nifty 50 stocks with effect from September 19, 2014.

Zee Entertainment to replace United Spirits in Nifty

Company will be moved up to main index, effective from Sept 19, 2014

Eros International zooms on acquiring worldwide rights for Zee TV shows

The company said its on-demand entertainment portal ErosNow has acquired the worldwide rights of popular Zee TV shows.


FTIL & MCX agree to terms of new tech deal

FTIL has agreed to reduce its annual maintenance charge by 40%

Govt orders Gail to cut gas from non-priority areas for retail needs

The ministry in an order has authorised the company to meet full requirement of CNG retailers like Indraprastha Gas Ltd

Just Dial gains after board nod for hiking FII limit

The board also approved acquisition of just Dial Inc. from Just Dial Global Private Limited.


Beyond Business Rss icon

B K S Iyengar

B K S Iyengar: The man who popularised yoga in the West

With his passing, an era of India's greatest yoga teachers may well have drawn to a close

Fashion designers get ordinary people to model on their shows

Fashion designers are now getting 'regular' people - watchmen, gym instructors, rickshaw pullers - to model on their shows

Commodities

Commodity
Price(Rs)
Change
(%)

27998.00
-214
-0.76

5702.00
+3
+0.05

42050.00
-291
-0.69

235.20
+2.9
+1.25

423.55
-1.5
-0.35

FEATURES

In Depth Rss icon

Brij Bhushan Singal

Can the Singals solve Bhushan's debt crisis?

With the stock market entering a bull phase, many believe the Singals can bring in the much-needed equity capital and reduce their debt

Sudhir Kumar Jain

Can govt banks ride the momentum for change?

Bogged down by inefficient boards, public sector banks have got mired in mounting bad loans and rising corruption

Real Estate

Real estate developers offer discounts to push sales

Discounts up to 15% expected this festive season; analysts expect Oct-Dec period to garner sales of at least 60k units across seven major cities

Brand World Rss icon

Why Jet failed to 'Konnect'

The no-frills brand scored poorly on perception, performance, popularity and profit

TVS adds Zest to Scooty

Venu Srinivasan said that the new model was all about the aspirations of the young woman

Business Education Rss icon

B-school cut-offs might go up with new CAT pattern

If difficulty level of exam is lowered, percentile cut-off may become higher