MARKETS »

Markets surge on rate cut hopes; Sensex zooms 400 points


The Sensex reclaimed the 28,000 mark and Nifty settled above 8,500, led by an upsurge in rate-sensitive stocks.

COMPANIES »

ITC eyes Rs 1 lakh cr revenue from FMCG business by 2030


At present, revenue from FMCG business stands at around Rs 9,000 crore

ECONOMY AND POLICY »

FM seeks extra $4 billion net spending, cash for banks


Jaitley provided Rs 7,940 crore to bolster capital reserves of the state-banks in Feb

CURRENT AFFAIRS »

Micky Jagtiani among top 10 richest Indians


Jagtiani's estimated wealth is $6.6 bn, more than Kumar Mangalam Birla's $6 bn

AROUND THE GLOBE »

Samsung cautious on second half


Capital returns disappoint

BRAND WORLD »

Challenger brands storm the bastion


Tata holds on to number one position, 20 new brands enter the list; Titan, Shoppers Stop, SpiceJet drop off

FINANCE »

Are toxic assets of PSU banks on the decline?


Despite disappointing profit numbers, most PSU banks are showing signs of stability in NPAs

OPINION »

COLUMNIST »


T N Ninan: Careful with those surveys

A survey's design determines its findings; understanding the logic behind measurement is key to interpretation

Bhupesh Bhandari: Why real estate may not crash

A sizeable number of builders are not highly leveraged, and can therefore afford to sit on unsold stock for some more time

WEEKEND SPECIAL »


Bowled over by crabs

The Ministry of Crab in Colombo is one restaurant that merits an occasional pilgrimage to the island country, writes Rahul Jacob


ON THE BEAT »


Yakub Memon and the noose

The Yakub Memon death penalty debate has exposed the urgent challenges the state needs to overcome, writes Ankur Bhardwaj


BS Poll

What is your opinion on the death penalty in India?

Keep it only for rarest of rare cases  
Abolish it  
Broaden rarest of rare to include rape  
Keep it, but use injections  

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Derivatives

Opinion Rss icon

Columnists

What will drive India's
growth?

Suman Bery

Long-term sustained growth ultimately rests on a set of mechanisms and institutions

M&As are also about
people

Shyamal Majumdar

Mergers are not just about balance sheets or marketing synergies; they are also about those who make the synergies real

Not in the spirit of
indigenisation

Bharat Karnad

Notwithstanding the achievements of those such as APJ Abdul Kalam, the govt should stop mollycoddling defence PSUs

Why real estate may not
crash

Bhupesh Bhandari

That is because a sizeable number of builders are not highly leveraged, and can therefore afford to sit on unsold stock for some more time

BLOGS


Should census data on caste be published?

A seemingly divided society will lead to fractured polity which we can ill-afford at this stage of economic transition

Tuktuki Mondal case underlines the deep religious fault lines in India

No answer can satisfy Hindutva activists who are obsessed with conspiracy theories and victim hood

EDITORIAL COMMENT

Turmoil in Shanghai

Bigger concern is Beijing's response to fall in China's markets

Surviving in the digital age

Software firms have to become technology savvy

Financial X-ray

ITC: Strong operating performance surprises

Cigarette price hikes spur profits but volumes might remain under pressure

Margin, US boost for Dr Reddy's Lab

Strong growth in US and India elevated profitability

BOOK REVIEWS

Essays too small for their subject

Americana, a collection of three essays, except these were written for the New Left Review and not the London Review of Books

2008 and its aftershocks

The book is a clarion call to economists to expand the body of work they rely on to include the works of Marx, Hayek and Kondratieff

Payment not guaranteed
Robyn Mak


China worries start now for Visa and MasterCard

Too much weight
Olaf Storbeck


Only pilots can end Air France's flight to nowhere

CompaniesRss icon

Hong Kong fines SBI $1 million for anti money-laundering lapses

Says bank failed to perform anti money-laundering checks, including due diligence on 28 corporate customers

Titan Company hits 52-week low on disappointing Q1 results

The stock dipped 5.5% to Rs 321 after the company reported a 15% Y-o-Y decline in net profit at Rs 151 crore in the June quarter.

ITC eyes Rs 1 lakh cr revenue from FMCG business by 2030

At present, revenue from FMCG business stands at around Rs 9,000 crore


Titan Company hits 52-week low on disappointing Q1 results

The stock dipped 5.5% to Rs 321 after the company reported a 15% Y-o-Y decline in net profit at Rs 151 crore in the June quarter.

ITC eyes Rs 1 lakh cr revenue from FMCG business by 2030

At present, revenue from FMCG business stands at around Rs 9,000 crore

HSIL drops after total income flat in Q1

Net profit for June 2015 quarter was flat at Rs 412.85 crore vs Rs 412.15 crore in Apr-Jun 2014


Hong Kong fines SBI $1 million for anti money-laundering lapses

Says bank failed to perform anti money-laundering checks, including due diligence on 28 corporate customers

CNX PSU Bank index surges 5% on government capital infusion plan

SBI, Union Bank, IDBI, Canara Bank, Allahabad Bank, Bank of India, Oriental Bank & Bank of Baroda were up 5%-7%.

IDFC to make additional provisioning of Rs 2,500 cr; will impact net

Its net worth will reduce by approximately Rs 1,600 crore


Vakrangee rises on strategic tie-up with Amazon India

The company will provide marketing, promotional and pick-up services to Amazon India

Nucleus Software plunges over 15% on disappointing Q1 results

The stock plunged 18% to Rs 277 after reported 42% YoY drop in net profit at Rs 6.79 crore in June quarter.

Today's picks- 30 July 2015

Nifty, Bank Nifty, Hind Unilever, TCS & NMDC


Exide Industries: Demand woes continue

A fall in revenues and muted operational performance despite lower lead costs have dented bottomline

Exide Industries hits 52-week low on weak Q1 results

The stock dipped 3% at Rs 139 after the company reported a 16% Y-o-Y decline in net profit at Rs 155 crore for the June quarter.

Car makers divided on taxation under GST regime

Players like Maruti Suzuki and Hyundai who have a large exposure in the small car segment want GST to retain a dual structure


Adani Transmission locked at upper circuit on debut

At 10:06 AM, the stock was trading at Rs 27.60 on NSE and at Rs 28.35 on the BSE.

RPower takes govt to court on Chhatrasal coal block cancellation

Coal ministry through a notification on May 7 cancelled the allocation of Chhatrasal coal block to its subsidiary Sasan Power

NTPC Q1 net profit down 3% on lower generation, PLF

PLF for coal-based plants decreased to 77.58% versus 84.29%, compared annually


SpiceJet plans to induct more women pilots

Out of the 470 pilots in the airline, nearly 50 are women commanders and first officers

Thomas Cook India June quarter net at Rs 37.7 cr

Consolidated total income of the company stood at Rs 929.15 crore for the quarter under consideration

NIIT soars over 50% in two weeks post Q1 results

The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52.


Thermax plans Rs 460-cr expansion; plans to set up three plants

The expansion plan is part of the strategy to derisk the business and will help the company to reduce its dependency on the cyclical nature of ...

Blue Star Q1 net up 26% at Rs 39 cr

The company's operating income jumped by 8% to Rs 908 cr

Dalmia Bharat surges on robust Q1 results

The stock surged 14% to Rs 725 after the company posted profit of Rs 42 crore in June quarter against loss of Rs 27 crore in a year ago quarter.


JBF Industries hits record high ahead of board meet

The stock up 2% at Rs 313 on the NSE ahead of the board meeting today to consider fund raising plan via preferential issue.

Navin Fluorine International surges as Q1 profit more than doubles

The stock surged 9% to Rs 1,265, also its record high on the BSE.

Castrol India Q2 profit up 48.31% at Rs 184.5 cr

Income from operations stood at Rs 923.6 crore during the quarter under review


Essar Steel retail arm to sell online

Company targets revenues worth $100 million in first full year of operations

CAG spots Rs 9,034-cr financial lapses by various PSUs

It also observed non-safeguarding of financial interest of organisations involved Rs 808 cr, defective planning Rs 432 cr

Today's picks- 30 July 2015

Nifty, Bank Nifty, Hind Unilever, TCS & NMDC


Bombay HC asks Nestle, FSSAI to retest Maggi noodles

Nestle had challenged FSSAI findings that led to withdrawal of its noodles in court

Mid-cap index hits new high; small-cap nears record high

Since June 11, when the Sensex hit a recent low of 26,371, the midcap and smallcap indices have surged by 12% each; the Sensex has gained 6% ...

Dilip Shanghvi slams FSSAI on Maggi ban

India should have helped industry to bring immense benefit to society, not scare away investment from business


Sun TV's Q1 net profit up 19% to Rs 197 crore

Total income rose by 9% to Rs 691 crore

Sun TV Network rallies over 25% in three days

The stock has soared 26% in the past three trading sessions, from Rs 274 to Rs 345, compared to a 1.6% rise in the Sensex.

Dish TV: Signals getting stronger

Margins are expected to improve from here as revenue growth will be stronger than increase in costs


CAG spots Rs 9,034-cr financial lapses by various PSUs

It also observed non-safeguarding of financial interest of organisations involved Rs 808 cr, defective planning Rs 432 cr

Upstream oil PSUs lubed up for stronger Q1 earnings

Downstream refiners could see a moderation in earnings, led by weaker refining margins and possible forex losses

Essar Oil first quarter net profit up 55% at Rs 1,063 cr

Gross Refining Margin rises 22% to $11.05 per barrel


Technology Rss icon

Windows 10 launched: A fresh start, and a few bugs

Users find the new Windows a definite improvement, but a work-in-progress

Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24557.00
-161
-0.65

3064.00
-68
-2.17

33700.00
-320
-0.94

337.35
-1.6
-0.47

179.20
+0.4
+0.22

FEATURES

In Depth Rss icon

Is the Maggi saga stifling food companies?

Over the past several months, new product launches have slowed as companies are growing increasingly anxious about regulatory oversight

Bharti Airtel's plot veers off script in Africa

Five yrs after it ventured into Africa, Airtel wants to sell 4 of its subsidiaries there to France's Orange, signaling a change in its strategy

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

Brand World Rss icon

Challenger brands storm the bastion

Tata holds on to number one position, 20 new brands enter the list; Titan, Shoppers Stop, SpiceJet drop off

Trujet builds a budget brand

Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?