MARKETS »

Markets hold gains amid firm global cues


Sensex has soared 214 points to trade at 28,023 levels while the Nifty has surged 55 points to quote at 8,476 mark

NDA GOVT'S 1-YEAR JOURNEY »

The Modi Express chugs along, with less steam and shine


Business Standard reporters travel across the country by train to listen to what people say about the Modi govt one year on

COMPANIES »

India Inc justifies corruption for survival


Says some form of bribery, such as giving personal gifts, cash or entertainment is acceptable

ECONOMY AND POLICY »

How govt fares in terms of growth and policies in its own words


Here are the highlights of how the government ranks itself on the parameters of policy making and economic growth

AROUND THE GLOBE »

Asia up after Wall St sets record high, dollar steadies after slip


MSCI's broadest index of Asia-Pacific shares outside Japan rises 0.7%

FINANCE »

China, India likely to be largest shareholders of AIIB


China's share pegged at 30%, India's between 10-15%

CURRENT AFFAIRS »

Gujjars revive agitation for 5% quota in jobs


The demonstrators sat on a dharna on railway tracks blocking the Delhi-Mumbai tracks near Pilukapura in Bharatpur

OPINION »

COLUMNIST »


Akash Prakash: A world without policy lifeboats

It is six years since the financial crisis. If another hits soon, the world has no tools left to deal with it

Omkar Goswami: MDC - The 'total cat'

Mrinal Datta Chaudhuri, MDC to his students, was the stuff of legend at the Delhi School of Economics. He was also a good intuitive economist

BS Poll

Does the Maggi affair prove that MNCs that sell food products are no better in quality control than Indian firms?

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Columnists

A world without policy
lifeboats

Akash Prakash

It is six years since the financial crisis. If another hits soon, the world has no tools left to deal with it

The right to die with
dignity

Shyamal Majumdar

The best tribute to Aruna Shanbaug would be to take legislative action on ending mental trauma of those who can't live outside of hospital again

MDC - The 'total cat'
Omkar Goswami

MDC to his students, was beyond compare — the stuff of tales and legends at Delhi School of Economics. He was also a good intuitive economist

Dealing with Rahul Yadav
Bhupesh Bhandari

India is seeing an unprecedented burst of entrepreneurship. It is unavoidable that the churn will throw up mavericks like Mr Yadav

BLOGS


How about a Babaji ki butti to cure the incurable?
Jyoti Mukul

If Ramdev weren't a Baba, but a mere salesman, what would he make of a medicine or a herb named Putrajeevak Beej?

Nepal quake and its lessons for disaster (un)preparedness

Despite loads of relief material and foreign rescue teams in Nepal, the state has failed to respond adequately in helping the victims

EDITORIAL COMMENT

Moving on disinvestment

Govt wise to get early approval for stake sales

Nitin Gadkari's ambition needs a dose of pragmatism

Transport minister should realise risks of raising expectations are always high

Financial X-ray

Bajaj Auto's Q4 ride hit by one-off speed-breaker

Higher realisations in domestic and export markets support operating income

Pidilite: Margin expansion likely to continue

Volume recovery though will only be gradual

BOOK REVIEWS

The technical vision of Elon Musk

Ashlee Vance traces the chaotic early years of these two firms – SpaceX and Tesla, respectively – with a compelling ticktock of events

India's balancing act in West Asia

The book is a scholarly work in which the author Nicolas Blarel, develops a framework to explain the change in India’s relationship with Israel

Una Galani

The soft bank
Una Galani


SoftBank lives up to its name with Indian start-up

Fiona Maharg-Bravo

Coiled spring
Fiona Maharg-Bravo


Vodafone's reinvention leaves German question

CompaniesRss icon

Britannia zooms on jump in Q4 net profit

The company reported a 55% rise in consolidated net profit at Rs 167 crore for the fourth quarter ended March 2015

Pre-Market: Stocks to watch in trade on Friday

Reliance Industries, Wockhardt, ICICI Bank, SpiceJet, SBI and ITC are likely to be in the limelight this morning

Strides Arcolab to acquire Aspen's Australia assets

Acquisition, valued at Rs 1,900 crore, will help Strides rebuild its Australia business


Titan beats Tata Steel in market valuation

Titan follows TCS and Tata Motors to be among Tata Group's top three most-valued companies

Rural demand remains resilient despite rising distress

Many companies with significant rural exposure have reported better growth in rural areas in the quarter gone by

Huge stocks, better realisation push up Whirlpool's yearly profit 71%

Higher realisation from its inventory stocks from the previous year helped the company keep its total expenses at a 13% higher-level


ATM use shows clear decline

While numbers have risen, average daily transaction at each is falling, for various reasons, raising viability issues for brown-label ones

SBI ties up with Snapdeal, PayPal

Manufacturers & traders on online retailers to get loans; payment solution portal to help with overseas donation for govt projects

SBI turns aggressive in Digital, online space

Inks payment solutions pact with Amazon; eyes deal with Snapdeal


Pre-Market: Stocks to watch in trade on Thursday

PVR Ltd, RCOM, Glenmark Pharma, Syndicate Bank and Tata Power are likely to be in the limelight in this trading session.

Bhart Airtel raises $2.5 billion in funds from Chinese banks

The funds would help the company diversify its global financing pool and invest in growth of data networks

Sistema holds talks with Reliance Communication over possible India JV

Company owner Yevtushenkov however said he had no plans to sell his Indian telecoms business Sistema Shyam Teleservices


Microsoft felicitates Wipro with 'Supplier of the Year award'

Award winners were based on excellence in a number of areas, including quality, value, service and innovation

Tata Sons CTO sets the agenda for tech innovation

Food and energy security, consumer durables, and factory and fleet analytics are the areas on which Katragadda will be focusing on

More regional companies exit national bourses

Stocks of companies under 'permitted to trade' category to be discontinued


Strides Arcolab to acquire Aspen's Australia assets

Acquisition, valued at Rs 1,900 crore, will help Strides rebuild its Australia business

Strides Arcolab does kangaroo jump

Australian acquisition expected to be EPS-accretive from the start; earlier Shasun merger brightens outlook for US market; analysts positive on ...

Strides Arcolab surges on plans to buy Aspen's generic pharma business

The stock moved higher by 7% to Rs 1,171 after the company inked an agreement to acquire the generic pharmaceutical business in Australia and ...


M&M to buy stake in Mitsubishi Heavy's farm machinery unit

To buy 33% stake in the unit for $25 million

Bajaj Auto profit drops by 18.6%, misses estimates

Drop in sales volumes at home and abroad, plus one-off expenses; however, things back on track in June quarter, assures firm; positive ...

Rural demand remains resilient despite rising distress

Many companies with significant rural exposure have reported better growth in rural areas in the quarter gone by


DLF to launch first Reit by current financial year

The government has recently issued clarification of minimum alternate tax, which is expected to give a boost to the launch of REITs

MoEF grants nod under CRZ Notification to Tata Power's Trombay unit

Company to hike coal handling capacity, install conveyor

Indiabulls Real Estate Q4 profit up over twofolds

Indiabulls Real Estate Ltd (IBREL) today reported an over two-fold increase in its consolidated net profit at Rs 93.13 crore for the fourth ...


SpiceJet raises Rs 300 crore, to increase fleet to 50 planes

Ajay Singh and wife Shiwani join board as chairman and director; Ajay Singh not to draw salary

SpiceJet says to raise more funds, increase fleet size

Aims to increase fleet size to 45-50 aircraft by the end of fiscal 2015

A resurgent SpiceJet plays the 1010 card

The airline launched a three-day discounted sale of tickets starting at Rs 1,010, to mark its 10th anniversary


Titan beats Tata Steel in market valuation

Titan follows TCS and Tata Motors to be among Tata Group's top three most-valued companies

Tata Steel: Easing of debt likely to be slow

In dull market, earnings might stay muted; analysts say can sell non-core assets, lessen stake in group firms; company points to restructuring ...

Tata Steel slumps after posting worse-than-expected loss

Tata Steel had reported a 10.4 billion-rupee profit in the same quarter a year ago


Britannia zooms on jump in Q4 net profit

The company reported a 55% rise in consolidated net profit at Rs 167 crore for the fourth quarter ended March 2015

States begin probe on lead, MSG content before Centre order

Nestle says it does not agree with the UP FDA order and is taking up the matter with authorities

Britannia Industries net up 55% to Rs 167 crore in Q4

The Board of Directors recommended a dividend of 800% (Rs 16 per share) for the year 2014-15


Pre-Market: Stocks to watch in trade on Friday

Reliance Industries, Wockhardt, ICICI Bank, SpiceJet, SBI and ITC are likely to be in the limelight this morning

ONGC, Cairn to spend Rs 6k cr in K-G basin

Nagayalanka has oil resources of about 320 million barrels, of which about 40 million can be recovered

Mukesh Ambani's salary capped at Rs 15 cr

Wife Nita, who joined the board as Non-executive Director in FY15, draws 84 lakh


MMTC Q4 net profit rises 16% to Rs 38 cr

The company's standalone profit was Rs 32.73 cr in the same period a year ago

Voltas Q4 profit up 17.55% at Rs 118 cr

Company's net sales in the fourth quarter of 2014-15 increased marginally by 2.32% to Rs 1,484 cr

ABG Shipyard tanks post clarification on loan repayment

The stock tanked nearly 20% to fresh 52-week lows of Rs 138 on the BSE in intra-day trades.


Beyond Business Rss icon

Come froth, India

Aimed at youthful urbanite who hankers after taste rather than a high, India's first bottled craft beer is a playful combination of new tastes

Stay safe on the treadmill

In Goldberg's case, he would have done well to clip emergency stop mechanism to his shirt or shorts

Commodities

Commodity
Price(Rs)
Change
(%)

27106.00
-178
-0.65

3853.00
+78
+2.07

39170.00
-120
-0.31

403.00
+2.2
+0.55

188.70
+2.7
+1.45

FEATURES

In Depth Rss icon

Is Myntra foregoing growth for profit?

It plans to become profitable by 2016; many feel it may be too early for the e-tailer to consolidate its position

Pawan Munjal

Years after Honda split, Hero mulls over misses

The company is setting fresh goals as it is likely to fall short on the five-year targets that were set after breaking up with the Japanese firm

Start-ups

Bachchan family invests in Singapore firm Meridian Tech

Father-son duo, Amitabh and Abhishek, has invested through RBI's Liberalised Remittance Scheme

Brand World Rss icon

Goafest absentees make Melt a serious challenger

Many are present at the new fest that already has 1,400 delegates registered

Kwid

Driving into the crowd

Renault bets big on the Indian small car segment. Many others are doing the same