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MARKETS »

Nifty holds 8,900 amid choppy trades; FMCG, Pharma shares lead


The 30-share Sensex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938.

COMPANIES »

BHEL weighs its options beyond power equipment


With the power sector in pain, the state-controlled Maharatna is getting into guns and submarines

ECONOMY »

On Day 1 of spectrum auction, 900-MHz sells like hot cakes


This band, crucial for survival of incumbent telcos, gets 67% of total bid value placed on first day; other bands see tepid response

RBI CUTS RATE: IMPACT »

Home, car loan EMIs to go down


Bankers believe the second rate cut outside the policy side will spur a relook at their base rates

AROUND THE WORLD »

China raises defence budget by 10.1%


This was announced by Premier Li Keqiang in his report submitted to the National People's Congress, which began its 10-day annual session today

CURRENT AFFAIRS »

No telecast of December 16 gangrape film in India: BBC


The documentary has however been broadcast in the UK, defying the ban imposed on by the Indian government

POLITICS »

Senior AAP leader Mayank Gandhi speaks out against Bhushan, Yadav ouster


Reveals Kejriwal had said he "would not be able" to work as National Convener with Bhushan and Yadav in PAC

BS @ 40

Partnering for growth

It was in the seventies that Cadbury (now Mondelez India Foods) launched a campaign to encourage cocoa cultivation in India

BS Poll

Will India beat the West Indies on Friday?

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Derivatives

Opinion Rss icon

Columnists

Railway takeaways for
Digital India

Shyam Ponappa

Extending the approach of the Railway Budget to telecommunications and broadband

The hidden facets of
greatness

Barun Roy

From Pather Panchali to Aparajito, Satyajit Ray's movies touched our emotions in many ways

Mr Buffett's great ride
Rahul Jacob

Warren Buffett's most recent letter to shareholders of Berkshire Hathaway captures his wit and wisdom and ability to distil business lessons

Can private equity
rescue start-ups?

Katie Benner

Private equity won’t be a solution for every company that’s raising money right now

BLOGS


These are the real Nirbhayas
Indulekha Aravind

It is women who've taken on powerful perpetrators of sexual harassment at the workplace, who need to be lauded

Delhi polls -- a lesson for BJP
Tarun Chaturvedi

Bringing in Kiran Bedi seems to have backfired, and getting star MPs to campaign just hasn't worked

EDITORIAL COMMENT

Setting goals

The pros and cons of inflation targeting

Sentiment success

Budget has succeeded in keeping market mood positive

Financial X-ray

Street turns cautious on two-wheelers as rural stress hits volumes

Motorcycles likely to clock single-digit growth, scooters to drive sector's volumes in FY16

Sun Pharma: Multiple triggers point to a healthy outlook

Upsides from research pipeline of SPARC and first approval from Halol facility are positives

BOOK REVIEWS

JNU in minutiae

Mr Rakesh Batabyal claims to have read “four hundred to five hundred theses and dissertations of JNU scholars” as part of his research

Isis: anatomy of a new scourge in West Asia

The Rise of Islamic State is a story that journalist Patrick Cockburn has put together in a handbook of a little over a hundred pages

Robyn Mak

The road already taken
Robyn Mak


JD.com tries Alibaba's route to e-commerce profit

Daniel Indiviglio

This time it's different
Daniel Indiviglio


Surviving small banks look battle-hardened at last

CompaniesRss icon

HCL Tech, Tele2 partner to tap M2M, IoT opportunities in Europe

Under the partnership, the companies are planning to develop remote patient monitoring systems that are enabled through smartphones

JSW Steel to invest around Rs 1,000 crore in its Tamil Nadu Unit

Also in talks to take over a port in Tamil Nadu which will handle cargoes for Salem plant

HCL Technologies hits new high on strategic alliance with Tele2

The stock up 2% at Rs 2,075, also its record high on BSE.


United Spirits hits record high on heavy volumes

The stock hit a record high of Rs 4,048 on NSE in intra-day trade today.

ITC's cigarette EBIT may halve in FY16

Tax regime a sustained headwind for the stock, double-digit price rise to result in volume contraction

Titan takes big leap towards 'Make in India'

The company reaches full-scale production at its first stainless steel watch case plant in Coimbatore


DHFL raises Rs 809.61 crore from institutional investors

Equity shares were issued and allotted to QIBs at a price of Rs 478.18 per equity share

Expect another 50 bps rate cut this year: Keki Mistry

Hopes to reduce home loan rate in 'near future'; to be applicable for all customers

Eyeing parity, IDBI expands board to three deputy managing directors

IDBI Bank has also appointed N S Venkatesh, its executive director, as chief financial officer in place of P Sitaram


Telcos' debt at Rs 2.4 lakh cr at end of FY14

The share of public sector firms MTNL and BSNL stood at 7.6% of the total debt

Bharti Airtel & China Mobile enters into a partnership for promoting 4G

The strategic collaboration aims to bring together the largest mobile operators from the world's two largest mobile markets - China and India

Spectrum payout to offset Bharti's African tower sale gains: Moody's

The agency expects it will receive around $2.2 billion from the tower sales and the company has committed to use all proceeds to reduce debt


HCL Tech, Tele2 partner to tap M2M, IoT opportunities in Europe

Under the partnership, the companies are planning to develop remote patient monitoring systems that are enabled through smartphones

HCL Technologies hits new high on strategic alliance with Tele2

The stock up 2% at Rs 2,075, also its record high on BSE.

FTIL seeks legal advice on police's EOW order

The company has been restrained from using its asset sale proceeds for any purpose other than legal expenses and salaries of employees


BSE Pharma index hits new high

Sun Pharma, Lupin, Cipla, AstraZeneca, Sparc, Indoco Remedies, Shasun Pharma and Strides Arcolab up 2-16% on BSE.

Dilip Shanghvi pips Mukesh Ambani as richest Indian

Shanghvi, who is valued at Rs 1.39 lakh crore, will be even richer if Sun's Suzlon Energy and Ranbaxy acquisitions are factored in

Sun Pharma: Multiple triggers point to a healthy outlook

Upsides from research pipeline of SPARC and first approval from Halol facility are positives


SML Isuzu rallies over 10% on strong February sales

The stock rallied 12% to Rs 1,121 after the company said has sold 981 vehicles in Feb, 2015 against 447 vehicles sold in Feb, 2014.

Volvo, Eicher reassurance on joint venture

Former's stake sale won't change commitment to venture or plans to strengthen it, say both

Bajaj Auto launches new Platina ES

Company claims it to be the most fuel efficient bike in 100 cc segment


Will Pipavav Defence get lease of life under new promoter?

In its two-decade journey, Pipavav Defence has been heading the list in almost all areas of defence shipbuilding

OERC cancels distribution licence of Reliance Energy's discoms in Odisha

Three Reliance-managed discoms in Odisha- Wesco, Nesco, Southco- were withdrawn due to unsatisfactory performance

Adani Power outbids Jindal in first coal auction win

In phase-II of the auction, which began on Wednesday, private companies can bid for 11 about-to-produce mines


Hotel Leela: Sale valuations key to debt reduction

Firm will reduce leverage if it can get a premium for the properties

Hotel Leelaventure surges over 10% on asset sale plan report

The company said it has engaged JM Financial Institutional Securities for sale of its Chennai and Goa Hotels.

Hotel Leela to sell Chennai, Goa hotels to reduce debt

Another try at cutting its big debt, eroding its margins; JM Financial hired for deal


GMR Infra rights issue to open on March 24

Issue seeks to mop up over Rs 1,400 cr through 935 mn fully paid up shares of face value of Re 1 each

Tata, GMR, GVK among 8 in fray for Chennai Airport

All 8 firms conduct site visits; RFQ submitted by them to be opened Mid-March, evaluation be made public

Titagarh Wagons rises as board approves stock split plan

The company decided to split its stock in order to make its shares more affordable to small investors


Punjab Chemicals zooms 20% on strong growth prospects

The company is expecting net profit of Rs 20 crore (approx) in the year 2015-16 against Rs 4.50 crore in the year 2014-15.

Suryalata Spinning extends rally on preferential issue plan to promoters

The stock up 9% at Rs 166, extending its 22% rally in past two trading sessions on BSE.

Max India: Demerger gains, budgetary boost priced in

Stock a favourite of most analysts; immediate upside may be limited


JSW Steel to invest around Rs 1,000 crore in its Tamil Nadu Unit

Also in talks to take over a port in Tamil Nadu which will handle cargoes for Salem plant

Adani Power outbids Jindal in first coal auction win

In phase-II of the auction, which began on Wednesday, private companies can bid for 11 about-to-produce mines

Karnataka's iron ore supply to go up next financial year

About 10 mines starting production in the next few days; production likely to rise to 25 mt


All 3,500 shops down shutters in protest against Coca Cola plant

Residents had protested against plan to set up the plant at Perundurai, citing environment issues

They acquire, they own but don't bring these home

Indian consumer product companies have shopped for brands across the world but have preferred not to bring the labels to India

Jubilant Foodworks: Same store sales set to turn positive in FY16

Hopes of a recovery in consumer sentiment and tie-up with railways could boost sales


Deccan Chronicle: Twist in the tale

A few years ago, T Venkattram Reddy, the owner of Deccan Chronicle, was unstoppable: he bought an IPL team and diversified into aviation. ...

Judicial remand for Deccan Chronicle promoters till March 13

CBI sleuths had arrested the Reddy brothers on February 21

CBI gets 5-day custody of Deccan Chronicle promoters

However, court says no to agency request to allow it to take accused to Bengaluru for interrogation


Aban Offshore surges as arms redeem bonds worth Rs 1,335 crore

The stock rallied 7% to Rs 514 on back of heavy volumes.

Cairn India dips after slashing FY16 capex

The stock was 3% at Rs 237, extending its 4% fall, after it revised the capex for FY16 from $1.2 billion to $ 500 million.

Cairn India announces 58% cut in FY16 capex projection to $500 million

Despite the partial deferment of capex, the volumes will yet see growth in the coming fiscal, the company says


Capacity addition, new product launches to drive Greenlam's growth

The de-merged decorative business of Greenply is likely to witness improved growth, margins and lower debt over the next 18-20 months

Pipavav Defence slumps 10% post Reliance Infra deal

Shares of Pipavav Defence have slipped 10% to Rs 69 while Reliance Infra has surged 3.39% to Rs 491 on the BSE

Reliance Infra buys Pipavav Defence in all-cash deal

Anil Ambani will take over as the chairman of Pipavav Defence with full management control


Beyond Business Rss icon

Travel: A Parisian rendezvous

Paris is a place brimming with history, irony and a bit of discontent

How about a slim-fit kanjeevaram?

The heavy, hand-woven silk saris from Kanchipuram are getting a contemporary and easy-to-wear makeover

Commodities

Commodity
Price(Rs)
Change
(%)

26472.00
-75
-0.28

3266.00
+103
+3.26

36510.00
-13
-0.04

370.80
+0.55
+0.15

173.70
0
0

FEATURES

In Depth Rss icon

BHEL weighs its options beyond power equipment

With the power sector in pain, the state-controlled Maharatna is getting into guns and submarines

Carlos Ghosn, chairman of Nissan

Has the Datsun gamble paid off for Ghosn?

Average monthly sale for the Go has been around 1,300 units in comparison with Maruti Alto's 21,000

Real Estate

Infra, realty companies stand to gain from rate cut

Larger gains will accrue after interest rates are lowered further and the business cycle picks up

Brand World Rss icon

Bhavish Aggarwal, co-founder of Ola

Ola, Myntra and Snapdeal keen on their acquired brands

Acquisition, but no merger, seems to be the mantra for India’s online and new-age businesses

More creative agencies give ad 'Oscars' a miss

Goafest will introduce new elements to increase participation of a younger crowd

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