Sensex, Nifty end at record closing highs; bank shares rally

The 30-share Sensex surged 267 points to end at 28,335 and the 50-share Nifty gained 75 points to close at 8,477.


Why India needs more bank marriages

With new banks likely to be cleared by RBI soon, consolidation is expected to pick up to gain market share


Ford India recalls 3,072 units of Fiesta diesel model

The recall is for replacement of the glow plug module


Shaky Euro zone, China sound warnings for global growth

Japan shows surprisingly strong growth in exports in October


Clock ticks on reforms, meeting fiscal deficit target looks difficult

Factory utilisation and capital spending remain low


Pilatus or HAL's trainer: Parrikar's first 'Make' decision

HAL credibly claims it can build the HTT-40 basic trainer but IAF wants to import from swiss company Pilatus


More new fund offerings to choose from?

Don't make net worth dominant criterion while choosing a fund

BS Poll

Has the Jan Dhan scheme only added to the woes of the poor instead of empowering them?

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Why India needs a robust
national opposition

Jaimini Bhagwati

Governance turns arbitrary, disingenuous or worse if there are no credible alternatives

The art of flattery
Shyamal Majumdar

Sycophants may be the butt of corporate jokes, but some of them have made buttering-up the boss a fine art

A sudden schism emerges
between Abe and the Bank
of Japan governor

Jonathan Soble

Moving in sync toward their goal of ending economic stagnation in Japan, Shinzo Abe and Haruhiko Kuroda suddenly look out of step

The unsung billionaire
Bhupesh Bhandari

Qimat Rai Gupta of Havells India had an extraordinary life, and he chose to live it away from the limelight


The 'macho' men need their day too
Aletta D'cruz

International Men's Day, as pretentious as it may sound, is important to highlight a long ignored problem

China's economic transition
Ishan Bakshi

Report from Asia Society says China can no longer rely on the old sources of growth, a point even acknowledged by its leaders

Weekend Columnists

When a shawl raises heat
Malavika Sangghvi

On a cold winter evening, in a land far far away, a man offers a shawl to his hostess, the lady seated besides him, a formal occasion

Metaphor, magic and myth
Arundhuti Dasgupta

India's glorious past is the proverbial magic cauldron of folklore. It is an inexhaustible store of scientific and military achievements

Financial X-ray

TechM bets big on $41 bn network services market with LCC acquisition

Even as margins might be hit in the first year, analysts remain bullish on the LLC acquisition deal

Indian bonds' prices likely to sustain gains in coming months

RBI's mere acknowledgement of the easing inflationary situation is sufficient to push up bond prices


Playing It My Way: No big sixes here

Sachin Tendulkar's autobiography, quite unlike his batting, progresses too softly and serenely to be entertaining

Nuclear meltdown
Pierre Briançon

Areva holders pay for years of state blunders

Robyn Mak

Staying tuned
Robyn Mak

China great wall of content could be more than fad

CompaniesRss icon

TechM bets big on $41 bn network services market with LCC acquisition

Even as margins might be hit in the first year, analysts remain bullish on the LLC acquisition deal

Astral Poly Technik acquires 76% stake in Resinova for Rs 213 cr

The transaction values Resinova at an enterprise valuation of Rs 289 cr

IOC aims at 90% DBTL compliance in Gujarat by mid-Jan

There are roughly 6.5 million LPG domestic consumers in Gujarat between IOCL, HPCL and BPCL

No hasty steps on ING Vysya, says Kotak

Post acquisiton, no rush to cut costs or bring into line, says MD; graded steps on costs, will leverage ING links abroad

RBI policy allows ING to hold 10% in merged entity: Uday Kotak

There is an element of fat and it will be addressed in an evolutionary manner, Kotak said referring to the merger

M&A season begins for India Inc

Future's acquisition of Nilgiris is the latest of three big-ticket acquisitions in just 24 hours

TechM bets big on $41 bn network services market with LCC acquisition

Even as margins might be hit in the first year, analysts remain bullish on the LLC acquisition deal

FTIL surges as Jignesh Shah steps down

FTIL gains after board of directors approved the appointment of Prashant Desai, President as MD & CEO of the Company.

Tech Mahindra acquires US-based LCC for $240mn

The all-cash deal would be funded through internal accruals

Amrutanjan Health Care zooms over 50% in three days

Till 1205 hours, a combined 2.51 million shares representing 17% of total equity of the company changed hands on NSE and BSE.

US court overturns Ranbaxy's bid to block launch of rival generic drugs

It had sought restraining order against Dr Reddy's, Endo Intl in lawsuit against US FDA

Apollo Hospitals to enhance healthcare facilities in Fiji

An MoU enables better access to high quality care for people with telemedicine

Indiabulls highest bidder for Voltas land in Thane

It quoted a price of Rs 236 cr or Rs 32.68 crore per acre

Ahluwalia Contracts rallies on BNP Paribas stake buy

On November 20, BNP Paribas Arbitrage bought 778,316 shares or 1.24% stake of the company via open market.

Sasan's ability to boost Reliance Power's profitability is yet to be tested

The UMPP's financials will be consolidated with RPower's earnings only after the sixth unit gets operational

SpiceJet stock up 15% on stake sale reports

The airline is restructuring its operations and has cut down its fleet size by ten planes to contain losses

Jet Airways: On course to improved performance

Rise in competition could offset gains on falling fuel prices; for SpiceJet, a turnround hangs on recapitalisation

SpiceJet to return to profitability within a year from recapitalisation

COO, Sanjiv Kapoor, says airline close to sealing a deal with investors

Kirloskar proposes to install solar pumpsets in entire TS

At present, 30 mn units of power worth Rs 15 cr are supplied to agricultural pumpsets free of cost every day

Titagarh Wagons, Texmaco Rail gain on orders win report

Titagarh Wagons surged 6% to Rs 317, while Texmaco Rail & Engineers up 3% at Rs 120 on BSE.

GMR claims $803 mn for termination of Male Airport contract

Firm also seeks damages for loss of reputation due to wrongful repudiation of Concession Agreement

As packaged food companies crumble, Britannia holds ground

Earlier push on distribution, product mix and cost cutting has helped it weather the relative slowdown in the category far better than ...

Sugar stocks in demand

Shares of sugar manufactures are in demand after the govt promised subsidising the production of ethanol for blending with petrol.

Tata Coffee surges on stock split plan

The board will meet on November 25, 2014, to consider the proposal of stock split of the company's equity shares.

IOC aims at 90% DBTL compliance in Gujarat by mid-Jan

There are roughly 6.5 million LPG domestic consumers in Gujarat between IOCL, HPCL and BPCL

Essar Oil extends fall as Sebi revamps delisting norms

The stock slipped below its floor price of Rs 108.18 fixed for the proposed delisting offer.

CAG seeks D6 audit for 2012-13, RIL agrees for 2013-14 too

RIL said audit should be in letter and spirit of the Production Sharing Contract signed by the government for KG-D6 fields

Future group acquires supermarket chain Nilgiris

Nilgiris runs convenience store chain with 140 outlets in the south; also owns portfolio of brands in dairy, bakery, chocolates and staples

Future Consumer Enterprise gains on acquiring supermarket chain

Future Consumer gains 10% after purchasing Bangalore-based supermarket chain Nilgiris

Pokarna zooms over 100% in one month

The stock rallied 123% to Rs 580, also its record high on BSE, from Rs 260 on October 20.

Beyond Business Rss icon

Sumitra Charat Ram and the energy of dance and music

On her centenary, recalling the life of Sumitra Charat Ram, to whom Delhi owes much for its culture of classical dance, drama and music

Valley's craft explores new frontiers

This organisation is mentoring and helping craftspersons in Kashmir to diversify their designs and explore more viable markets









In Depth Rss icon

How scammers have a field day in India

The first step towards setting up a scam network in a foreign land is to open a bank account

Is the FMCG slowdown catching up with ITC?

Revenue growth has slipped in the last two quarters, but investment plans remain intact

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

Woodland gears up for diversified outdoors play

To have franchisees and a new online plan, after finally launching adventure gear

'Made for each other'- A case of perfect insight

Wills' campaign showed how simple but relevant positioning is ageless

Business Education Rss icon

TISS to lead govt's skill training initiative

The framework for the TISS SVE was conceptualised in 2011, to spread skill development to every nook and corner of the country