MARKETS »

Oil hits below $57 on supply glut, a new low after May 2009


The oil benchmark recovered ground later but was on track for its second weakest month since the global financial crisis of 2008

COMPANIES »

Amazon ends second year of India operations with wider offerings


Increases warehousing capacity, opens seven new fulfilment centres in 2014

ECONOMY »

PM pushes for fast-tracking of irrigation scheme


He also called for integrating water recycling projects of key towns and cities

AIRASIA PLANE TRAGEDY »

AirAsia QZ8501: Bad weather obstructing debris retrieval


A number of aircraft and helicopters supporting the search and rescue operation could not be operated due to the bad weather over the Java Sea

AROUND THE WORLD »

AirAsia plane with 159 aboard overshoots Philippine runway


There were no immediate reports of injuries and the plane remained stuck on a grassy area near the runway's end

CURRENT AFFAIRS »

Jaitley denies pressuring RBI to cut rates


Says he had only suggested steps to boost India's manufacturing capabilities

RBI's FINANCIAL STABILITY REPORT »

Retail inflation to be around 6% in 12 mths


Economic activity may remain muted in Q3; sees gradual pick up next financial year

BS Poll

Govt approves ordinance to ease land acquisition. Will this finally give a boost to infrastructure projects?

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Derivatives

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Columnists

The Great War, online
Ajit Balakrishnan

Why we must prepare for the epochal struggle around net neutrality

No map for growth
Ashoka Mody

Fiscal policy remains contractionary in the most distressed economies, and there seems little appetite to close and merge weak banks

Boost farm income, not
production

Surinder Sud

Survey shows few farmers know and can benefit from minimum support prices

What happened to AirAsia
QZ8501?

Shakti Lumba

Don't look for a single cause - a combination of factors is needed to bring down any plane

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

The institutional gap

Transforming institutions key to India's development

A remarkable bull run

But what do the markets expect from 2015?

Financial X-ray

Yes Bank: NIMs to expand 15-20 bps in FY16

Focus on retail franchise and fall in cost of funds to drive earnings growth

Order boost, inhaler sales key triggers for Cipla

Street to keep an eye on margin improvement and launch of combination inhalers

BOOK REVIEWS

Mother, goddess, devi, woman

7 Secrets of the Goddess will draw in many more readers for a topic that's widely read and may even make for a catchy TV series title someday

West Asia's lost minorities

Gerard Russell in his new book chronicles emergence religious minorities that have been overshadowed by Judaism, Christianity and Islam

Looking for an endgame
Pierre Briançon


Ukraine crisis forced into suspended animation

Quentin Webb

Taking flak
Quentin Webb


M&A spin doctors could get swept up in the action

CompaniesRss icon

Wockhardt, Cadila, Hospira recall drugs in the US

Wockhardt USA is recalling 11,18,400 Metoprolol Succinate extended-release tablets, a hypertension drug

Infosys expands its CSR activities to the Americas

Infosys Foundation, USA to have outlay of $5 mn per annum

L&T bags contracts worth Rs 2,521 crore in Dec

Company has secured an order for the construction of a new passenger terminal at Duqm Airport in Oman


IDBI Bank gains on approval to sell stake in CARE

The Bank has received approval from its Board of Directors to divest its stake in Credit Analysis & Research (CARE)

ING Vysya Bank employees to strike on Jan 7

Employees will demand job security after the merger with Kotak Mahindra Bank

40 years ago...And now: SBI and the big bank theory

Despite taking the initiative in several areas, the country's biggest bank does not meet the aspirational needs of the younger generation. Work ...


Airtel halts launch of VoIP packs

Move follows reports suggesting Trai will float a consultation paper on over-the-top players

DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators

Spice Mobility rallies 20% on voluntarily delisting plan

The board will meet on January 02, 2015, to consider the proposal received from the promoter to voluntarily delist the equity shares of the ...


Wockhardt, Cadila, Hospira recall drugs in the US

Wockhardt USA is recalling 11,18,400 Metoprolol Succinate extended-release tablets, a hypertension drug

Suven Life surges on securing three product patents

The company secured three product patents one each in Eurasia, Japan and Mexico.

Torrent Pharma: Acquired Elder portfolio accruing benefits

Price rises and operational efficiencies help improve latter's performance and overcome acquisition-related concerns


TVS Motor: The dark horse

TVS Motor isn't the traditional 'uncle' brand anymore. A look at the company's endeavours in its fight for greater relevance and market share

Cyrus Mistry's to-fix list remains formidable

Indian Hotels, Tata Steel, Tata Teleservices, Tata Motors, Tata Power need some immediate attention of the Tata Group chairman

Tata Motors rolls out 123 AC buses for Ahmedabad Janmarg

New buses in addition to the order bagged by the company for 3,200 buses under the JNNURM - phase II scheme


Godrej Properties gains on new project, buying shares of subsidiary

The company has been appointed development manager for a new project in Mumbai and has acquired shares of Godrej Premium

Infrastructure stocks rally on ordinance for land acquisition

Infrastructure major L&T was up over 1% while IRB Infra, Lanco Infratech, NCC and NBCC were among the top gainers

DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators


SpiceJet will have to itself resolve financial problems: Raju

Says discussions are underway with all the stakeholders to arrive at a policy which will bring back growth in the aviation sector

SpiceJet asked to pay Rs 200 cr to state airport operator

The airline could be put in cash and carry mode otherwise

Jet Airways plane makes emergency landing

A Jet Airways aircraft from Mumbai with 125 passengers and six crew members on board made an emergency landing at the Kathmandu airport


L&T bags contracts worth Rs 2,521 crore in Dec

Company has secured an order for the construction of a new passenger terminal at Duqm Airport in Oman

Blue Star gains on deal with Eureka Forbes for water coolers

The partners are eyeing around Rs 150-200 crore from this collaboration.

L&T Hydrocarbon bags Rs 894 cr offshore contract from ONGC

The contract includes to improve recovery factor of Vasai East field where production started in 2008, and it is scheduled to be completed by ...


Rohit Ferro-Tech surges on proposal to sell a manufacturing unit in Orissa

Rohit Ferro-Tech surged 16.5% on proposal to sell, transfer or otherwise dispose off the Jaipur manufacturing unit in Orissa.

Tata Steel: Near-term headwinds continue despite mining resumption

Start of iron-ore mining in Odisha provides some relief. But lower steel demand, realisations still a concern for European operations

Jindal Stainless gains on de-merger plan

The company on Monday announced plans to demerge business into three verticals via slump sale route


Tata Chemicals to target FMCG market

TCL is going through a restructuring programme to prune its debt

Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India


Funds raised via IPOs in 2014 set to be lowest in over a decade

The Rs 1,201 crore raised collectively by five companies in 2014 is the lowest since 13 companies' Rs 296 crore via IPOs in 2001

Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry


DLF, ADAG, Jaypee Group stocks among top market value destroyers in 2014

On the other hand, Adani, Finolex, Kirloskars are among the highest wealth creators

Aban Offshore shares jump 17%

Rating agency Care revised rating of Aban's bank facilities from D to BB-

L&T Hydrocarbon bags Rs 894 cr offshore contract from ONGC

The contract includes to improve recovery factor of Vasai East field where production started in 2008, and it is scheduled to be completed by ...


Funds raised via IPOs in 2014 set to be lowest in over a decade

The Rs 1,201 crore raised collectively by five companies in 2014 is the lowest since 13 companies' Rs 296 crore via IPOs in 2001

Gujarat Pipavav hits record high; zooms over 200% in 2014

so far in the current calendar year 2014, the stock zoomed 216% compared to 31% rise in the benchmark CNX Nifty.

Career Point surges on signing MOU with Rajasthan government

The stock surged 10% to Rs 149 on BSE.


Technology Rss icon

Internet Explorer set for a makeover with Windows 10

Microsoft may launch the new browser with Windows 10 on January 21, 2015

Is India prepared to tackle a Sony like cyber attack?

A national cyber crime and coordination centre meant to fend off such attacks is still ...

HTC One M8: The smart ones with killer looks

HTC improves on its One M8; Acer enters a crowded segment

Commodities

Commodity
Price(Rs)
Change
(%)

26801.00
+37
+0.14

3387.00
-27
-0.79

36725.00
+241
+0.66

403.25
+2.1
+0.52

201.10
-2.7
-1.32

FEATURES

In Depth Rss icon

Can Ajay Singh turn SpiceJet around?

While the airline is generating enough cash to maintain operations at current levels

Can India crack the Russian market?

Trade sanctions on Russia by Europe and the US offer an opportunity for India, but the devaluation of the rouble may play spoilsport

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

The over-40 Bournvita quiz logs in to YouTube

One of the first branded TV programmes, BQC goes digital-only for today's quizzers

Nick's toons revel in telefilms

Besides extending its original Indian characters to merchandise and on-ground events, Viacom18 is stepping up telefilms based on these

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