MARKETS »

Sensex down over 150 points; ITC, Hero Motocorp dip 2%


At 10.35 AM, the Sensex is trading at 27,673 levels down 176 points and the Nifty is quoting at 8,378 mark down 56 points

COMPANIES »

Low fares drive passenger growth for airlines


Overall volumes are up over 20% in January-April and growth has been reported in all categories

ECONOMY AND POLICY »

Core sector disappoints, contracts 0.4% in April


Fall for a second month; spurs speculation about Reserve Bank rate cut

CURRENT AFFAIRS »

Trade unions prepare cadre for September 2 strike


The main grievance is about the proposed changes to labour and land laws and non-fulfilment of labour demands

AROUND THE GLOBE »

Some still alive inside ship that capsized on China's Yangtze River: reports


About a dozen people have been rescued so far

BRAND WORLD »

Mobile persuaders


The smartphone wielding customer has the attention of large travel companies; now time to win some loyalties

FINANCE »

IRDAI removes cap on business from one insurer for banks


Currently, banks are allowed to tie up as a corporate agent with one life, one non-life and one standalone health insurer

BS Poll

Who makes a better Prime Minister?

Narendra Modi  
Manmohan Singh  

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Derivatives

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Columnists

What the monsoon winds
bring

Ajit Balakrishnan

Social conflict is inevitable with any kind of economic and technological change

Lessons for Nestle from
the pesticide-cola
episode

Shailesh Dobhal

Nestle's silence on Maggi defies logic; it should be 'seen' as managing the crisis

Smart cities need
smarter implementation

Vinayak Chatterjee

An alternative, 10-step plan to have 25 smart cities by 2025

How BRICS bank can win
Rathin Roy

The bank will have to raise its game and become a knowledge based development finance institution from the very start of Mr Kamath's tenure

BLOGS


India keeps high stakes game in Sri Lanka at arm's length

The lack of dates for Parliamentary elections has meant that governance taken a back seat

For BJP, it's time to bite the bullet

The BJP faces uphill battles as Modi's charm starts to wear off, particularly in states where it is already weak

EDITORIAL COMMENT

A demand problem

Corporate results argue for a rate cut

Wrong power focus

Reform of state electricity boards more vital than capacity increases

Financial X-ray

Slow execution could hit L&T's FY16 sales

Analysts cut earnings estimates despite growth in order inflows

Cipla: Higher costs offset strong revenue show

Management's conservative forecast makes analysts cautious

BOOK REVIEWS

The underworld at your fingertips

One way to read The Dark Net is to see Mr Bartlett’s extensive, painstaking research as an enquiry into human behaviour

The downside of easy money

For those well versed with economic policy and financial markets, it is standard stuff. But it is well worth a read if you are a student

Peter Thal Larsen

Jack all
Peter Thal Larsen


Jack Ma turns Reorient into free-money factory

Dominic Elliott & George Hay

Offside trap
Dominic Elliott & George Hay


Banks could get stuck in FIFA penalty area

CompaniesRss icon

We will try to ensure more credit growth: Arundhati Bhattacharya

Interview with SBI Chairman

Now, book lockers via mobile phone

If the lockers are available, one can book immediately. Else, one will be issued a wait-list number and can avail facility if bank adds more ...

IDBI Bank eases restrictions on corporate lending

Apart from the priority sector lending norms, the lender was also facing tepid response from corporates in the last two-three years


Bharti ahead of Sun Pharma on market cap

With a total market-cap of Rs 2,55,831 cr, Sunil Bharti Mittal-promoted Bharti Group is behind Reliance, the number three with Rs 3,03,739 cr in ...

Today's picks: 1 June 2015

Nifty, Bank Nifty, HCL Tech, Bharti Airtel & HDFC

DoT issues LoI to Airtel for spectrum acquired in March sale

According to sources, so far the company has been allocated spectrum in a total of 10 circles


Infosys employees can now don casuals on weekdays

Earlier, its staffers were allowed to wear casual clothes such as jeans only on Friday, a weekend for the IT employees

Today's picks: 1 June 2015

Nifty, Bank Nifty, HCL Tech, Bharti Airtel & HDFC

Kellton Tech acquires US-based ProSoft Group for $14 mn

This acquisition will add $40 mn to the topline and $3 mn to the bottomline of Kellton


Lupin, Cipla said to bid for UCB's $1-bn generics unit

UCB is trying again to divest the US generics business after a previous $1.5-billion sale to buyout firms agreed in November fell apart

Bharti ahead of Sun Pharma on market cap

With a total market-cap of Rs 2,55,831 cr, Sunil Bharti Mittal-promoted Bharti Group is behind Reliance, the number three with Rs 3,03,739 cr in ...

Cipla: Higher costs offset strong revenue show

Management's conservative forecast makes analysts cautious


Tata Motors gains post May sales number

The stock opened at Rs 473 and touched high of Rs 478 on the NSE

Rural distress puts May car sales in low gear

Volume growth slides to 7%; launches, urban demand might help close year on positive note

Amtek Auto buys Japan's Asahi Tec

Following the acquisition, the Amtek Group, including its subsidiaries and associates, will have a combined turnover of over $ 3.5 billion


Jet Airways edging out expat pilots

The airline, after termination of the service contracts of 50 expats, now has 88 foreign pilots

SpiceJet offers tickets on sale after returning to profit

The three-day sale will begin on June 2 and the offer is applicable for one-day domestic travel between June 20 and July 31 this year

Jet Airways offers limited period discount on international tickets

The special fares are applicable for the airline's flights to the Gulf, SAARC, ASEAN, Europe, the US and Canada regions


Slow execution could hit L&T's FY16 sales

Analysts cut earnings estimates despite growth in order inflows

GMR Infra incurs Rs 892 cr net loss in Q4

Company's income from operations for the January-March quarter declined to Rs 2,872 crore as against Rs 2,930 crore in the year-ago period

BHEL wins Rs 369-cr order to revive NTPC's Barh project

The project was awarded to BHEL after NTPC terminated the contract of a foreign player


Nandan Denim PAT up by 30%

Reports revenue growth of 22.7% YoY at Rs 1,096.53 cr for the year ended March 31, 2015

India Cements reports Rs 36.6 crore profit in Q4

Last year reported a loss of Rs 157 crore; revenue drops by 7.25 %

India Cements values IPL franchise rights at Rs 7 cr

The BCCI approved the transfer subject to the condition that India Cement provided a parent company guarantee that subsidiary would meet all the ...


For Mittal, frustration gives way to hope in India

The agreement last month with SAIL to set up a steel plant spells progress for ArcelorMittal; there is movement on other stuck projects too

Visa Steel posts Rs 302 cr loss on steep ore prices

Visa Steel has set up a 0.5 million tpa steel plant, 180,000 tpa ferro chrome plant with 75 MW CPP and 0.4 million tpa coke oven plant at ...

NALCO Q4 net surges over two-fold to Rs 355 cr

Total income, however, falls 2% to Rs 1,801 crore; full year profit doubles to Rs 1,321.85 crore


Milk price rise: Other dairies unlikely to follow suit soon

As cooperatives have not slashed procurement prices to farmers, it is difficult for them to hold on to current retail prices

Mallya now wants to raise MCF stake

UB Group plans to buy back shares from the Saroj Poddar-led Zuari Group, to equalise shareholding in MCF

Maggi soup: Uttarakhand food regulator collects samples from Pantnagar plant

UP court summons Nestle India, Easyday on July 1


Adani Enterprises declines 15% in three days

Adani Power hit 52-week low of Rs 38.45, while Adani Ports down 1% at Rs 321 on the NSE.

Just Dial board to consider share buyback proposal

Thus far in 2015, the stock has underperformed the market, by falling 15% compared with 1% gain in the S&P BSE Sensex.

Adani Group considering to bid for Sindri urea plant

The plant, lying shut since 2002, may require at least Rs 6,000 cr investment for revival


Beyond Business Rss icon

Book review: Flood of Fire

Through the massively ambitious Ibis trilogy, Amitav Ghosh has permanently changed and reshaped the way histories are seen and fictionalised

Failed harvest

Many Punjab farmers who went to Africa and Georgia in search of greener pastures are returning home

Commodities

Commodity
Price(Rs)
Change
(%)

26680.00
-180
-0.67

3826.00
-43
-1.11

38225.00
-124
-0.32

384.35
-2.3
-0.59

170.30
+0.5
+0.29

FEATURES

In Depth Rss icon

For Mittal, frustration gives way to hope in India

The agreement last month with SAIL to set up a steel plant spells progress for ArcelorMittal; there is movement on other stuck projects too

Global prices are not to blame for India's farm crisis

Paddy prices in Uttar Pradesh have fallen 5-10 per cent over the past year

Start-ups

Purple Squirrel Eduventures

Office visit before choosing a career

Mumbai-based start-up Purple Squirrel Eduventures is helping students decide on their careers through industrial visits

Brand World Rss icon

Mobile persuaders

The smartphone wielding customer has the attention of large travel companies; now time to win some loyalties

Luxe, Click, Buy

A clutch of homegrown companies are vying for a piece of the online luxury market. The big brands are watching