MARKETS »

Markets end tad higher led by banks; Metals falter


The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891

COMPANIES »

Tata trusts get a shot in the arm from Ratan


Sir Dorabji Tata Trust donates Rs 95 crore to create a new centre at IIT Bombay

ECONOMY »

Impact of deficient monsoon seen small, says RBI


Reiterates in annual report its commitment to bring down inflation to 8% by Jan 2015

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 »

Indians believe in saving more for retirement: Survey


Survey was conducted across 12 countries, covering 22,347 employees working for large, non-govt employers

CURRENT AFFAIRS »

Kerala to close down 700 bars, Sundays to be dry


Decision also marks resolution of long-drawn feud in state unit of Congress

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

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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Derivatives

Opinion Rss icon

Columnists

BRICS and the coming
crash

Jaimini Bhagwati

In the event of major capital outflows from India, a BRICS Bank and reserves-sharing agreement would be a big help

A sunny source of energy
Devangshu Datta

There has been a considerable fall in solar equipment costs but technical and environmental issues still impede solar energy utilisation

Institutions vs
organisations in the
reform agenda

Pradeep S Mehta

Institutions must not be confused with organisations. Organisations are a part of an institutional framework for achieving its objectives

Dr Rajan and me
Jamal Mecklai

Volatilities of all currencies (and, importantly, gold) were plumbing to all-time lows and, since then, have indeed reached all-time lows

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

End diesel subsidy now

Government must use oil windfall wisely

Relics of the past

Need to revamp commodity boards

Financial X-ray

RIL Jio's 4G launch may not be a big risk to incumbent telcos

Experience of entrants with new LTE technology in other markets shows the road is not smooth

Royalty rise near-term dampener for metal stocks

Estimated impact on earnings 1-8%, depending on companies' ability to pass on costs to customers

BOOK REVIEWS

The unmaking of the Sindhis

Do people really learn from history? The answer is, a big no. But that is why it is better to keep everyone informed about the "war of all, ...

Father and friends

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

Jeffrey Goldfarb

New ball game
Jeffrey Goldfarb


Ballmer's exit value is now Nadella's to preserve

Kevin Allison

Variable value
Kevin Allison


Berkshire owner's departure dims Buffett mystique

CompaniesRss icon

Today's picks- 21 August 2014

Nifty, Tech Mahindra, NTPC, DLF and Mahindra & Mahindra

Arvind takes franchise of 'The Children's Place'

The Children's Place will be the first of its kind Children's retail format in India

Dena Bank to open 100,000 new accounts in Gujarat by Aug 28

The accounts will be opened with zero balance for all category of people including those coming under below poverty line


ABD acquires 50% brand rights in India for Mansion House, Savoy Club

However, HC order is in favour of Tilaknagar who already sells Mansion House in India

Jyothy Laboratories rejigs top management

K Ullas Kamath, Joint MD of the company, has also been entrusted with the additional responsibility of Chief Financial Officer

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 ...


Dena Bank to open 100,000 new accounts in Gujarat by Aug 28

The accounts will be opened with zero balance for all category of people including those coming under below poverty line

Axis Bank plans to raise Rs 6,000 cr via long term bonds

This comes after RBI incentivised banks to raise long term bonds by relaxing norms

Canara Bank expects Rs 500 cr capital from govt this fiscal

The bank will require additional capital to support its lending activity


Marck Biosciences gets warning letter from USFDA

FDA issues an import alert for products manufactured at the firm's Kheda unit into the US

Ranbaxy may face Rs 242 cr fine in US for violations at Toansa

This will be the second hefty penalty; company paid $500 mn in May 2013 after pleading guilty to felony charges related to drug safety

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.


Today's picks- 21 August 2014

Nifty, Tech Mahindra, NTPC, DLF and Mahindra & Mahindra

Shipping stocks rally as Baltic Dry Index hits 4-month high

Shipping Corporation, Mercator, G E Shipping,Chowgule Steamships, ABG Shipyard and Bharati Shipyard are up 1-10% on BSE.

R-Infra: Stay migration of customers to Tata Power

RInfra pleaded the stay be granted until MERC approves Tata Power's network roll out plan in its distribution area in Mumbai


TaxiForSure raised series C from Accel Partners, others

Online taxi aggregator plans to expand 25 new cities in next one year

Has SpiceJet edged out Jet Airways from its position for good?

SpiceJet said it had a market share of 20.9% as compared to 19.6% by Jet Airways and-JetLite combine in July

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


Changi Airports out of race for GVK's airports stake

Stake sale could not proceed as planned due to the lower valuation and currently due diligence is undertaken by one of the investors, says ...

L&T Construction bags Rs 1,832 cr contracts

Company has bagged Rs 1,008 crore worth orders in its buildings and factories business

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


Arvind takes franchise of 'The Children's Place'

The Children's Place will be the first of its kind Children's retail format in India

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


CBI to close coal block allocation case against Kumar Mangalam

Case against the two was registered in Oct last year by the agency which had alleged that Parakh had reversed his decision to reject coal block ...

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


Vadilal Industries founder Ramchandra Gandhi no more

Transformed a single location ice cream outlet into one of India's biggest ice cream players

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


Huffington Post inks pact with Times Group for India edition

The website, HuffPost India, is likely to be launched later this year and the editorial team will operate from New Delhi.

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


Reliance Industries fighting to revoke patent of Italian firm Cobarr in India

IPAB to consider miscellaneous petitition by Cobarr filed against Reliance's revocation application

PM dedicates IOC terminal at Jharkhand

The Jasidih terminal, built at a cost of Rs 109 crore, is the first pipeline fed terminal of the state

Cairn gets environment clearance to hike output from Rajasthan block

Also gets clearance to produce up to 165 mn standard cubic feet per day from Barmer basin


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
(%)

27731.00
-481
-1.7

5735.00
+36
+0.63

41951.00
-390
-0.92

233.70
+1.4
+0.6

424.50
-0.55
-0.13

FEATURES

In Depth Rss icon

Turf wars: Uber's in for a bumpy ride in India

Easycab, Meru and others eye flaws in its trademark credit-card transactions. They allege these transactions by Uber are in violation of the ...

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

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

Horlicks

Makeover for Horlicks, again

This is the third time in four years that the country's largest milk food drink is being relaunched

Why Jet failed to 'Konnect'

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

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