MARKETS »

Nifty ends at record closing high ahead of Aug F&O expiry


The 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.

ECONOMY »

Moody's projects Apr-June quarter GDP growth at 5.1%


Anticipates a steady return to potential growth by 2016

100 DAYS OF MODI GOVT »

Good intentions, but little action to show for it


Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures

Around the world »

Wall St opens flat with indexes near records


The Dow Jones industrial average rose 25.36 points to 17,132.06

COMPANIES »

How reliable are companies' credit ratings?


Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics

CURRENT AFFAIRS »

Ceasefire violations: India-Pak to hold flag meeting


BSF will lodge a formal protest with Pak Rangers over the ceasefire violations, firing and shelling

FINANCE »

Rupee softens by 2 paise vs dollar to end at 60.45 in dull trade


Renewed dollar demand from importers, mainly oil refiners, to meet their month-end obligations weighed on the rupee value

BS Poll

How do you rate Prime Minister Narendra Modi's first 100 days in office?

Good  
Average  
Disappointing  

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Derivatives

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Columnists

More government, more
growth?

Abheek Barua

The author asks: how much growth can good governance get us?

Committed and proud of
it

M J Antony

How government officials act as arbiters in their own cause

'Minimum government,
maximum governance' in
public sector banks

Rajiv Lall

The Bharatiya Janata Party regime will have to make good on this election slogan to restore state-owned banks to health

The poor politicians
felt left out

Subir Roy

The cardinal issue is, we need judges with high intellectual calibre and integrity, who together represent the diversity of India’s polity

BLOGS


5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

Why capping own ATM usage is not a good idea

Instead of encouraging customers to adopt technology, RBI's latest move may mean more crowding at bank branches

EDITORIAL COMMENT

Moving on

Final coal judgment will hopefully end uncertainty

Imagining Digital India

Flagship e-governance project needs more homework

Financial X-ray

SC ruling may force power firms to rebid for mines

Earnings of Jaiprakash Power and KSK Energy to take a hit; R-Power's net present value to be impacted

Sanofi India: Relief a few quarters away

With revenues from diabetes and cardiovascular portfolio at risk, analysts remain cautious

BOOK REVIEWS

Potted histories of some eminent Asians

Makers of Modern Asia is a collection of the lives of eminent Asians

Learning democracy in West Asia

The New Arabs chronicles the heart-stirring youth revolts in Egypt, Tunisia and Libya

Andy Mukherjee

Crunch time
Andy Mukherjee


Court order adds urgency to India's coal crunch

Martin Hutchinson

Paradigm shift
Martin Hutchinson


S&P 500 at 2,000 invites "new normal" thinking

CompaniesRss icon

FTIL sells 5% stake in MCX, completes exit

FTIL's exit is expected to provide respite to MCX, which has been struggling to secure approvals for its contracts

SC rejects DLF plea, directs company to pay Rs 630 cr

Realtor has been ordered to pay Rs 50 crore in the next three weeks

Apollo Hospitals launches eAccess

Service launched in collaboration with Philips with a capacity to monitor 500 beds from a command center


Dabur India hits record high on delivery based buying

On August 26, 1.02 million equity shares, representing 90% of the total 1.14 million traded quantity converted into delivery, BSE data shows.

Today's picks- 27 August 2014

Nifty, Bank Nifty, IDFC, Hindusthan Unilever & Tata Power

Godrej steps into hair care with B:Blunt

The launch marks a shift for Godrej Consumer from hair colour into hair care


FIIs' Sensex ownership hits record high of 22.5% in June quarter

Top three stocks by value owned by FIIs remained the same -- HDFC, ICICI Bank and Infosys

UCO Bank tanks 8% as FinMin orders forensic audit

The government has ordered limited forensic audit into some NPA of state-owned bank to find out any irregularities in sanction of loans.

Muthoot, Manappuram to regain lost sheen

Stable gold prices, expectations of significant reduction in auctions due to customer defaults and attractive valuations make analysts bullish ...


RCom ready with USSD platform for mobile banking

USSD is a technology that provides session-based communication, enabling a lot of applications

Idea Cellular launches mobile wallet service

Service was launched in Mumbai in July and it will be expanded across the country in a phased manner

Airtel partners with Tigo, introduces cross-network money transfer service

Service will be available in Tanzania, company is poised to help deepen financial inclusion in the country


FIIs' Sensex ownership hits record high of 22.5% in June quarter

Top three stocks by value owned by FIIs remained the same -- HDFC, ICICI Bank and Infosys

Tech Mahindra launches national mobile job marketplace

Job seekers can now easily access the service by buying the Saral Rozgar card for Rs 50

Mahindra did not anticipate legal hurdles after Satyam buy

The company and the Enforcement Directorate are locked in an intense legal battle in the Hyderabad High Court


Apollo Hospitals launches eAccess

Service launched in collaboration with Philips with a capacity to monitor 500 beds from a command center

CCI gives green signal to Sanofi-Apollo deal

As per the agreement, both companies will also have an option to increase its shareholding in ASCL to 26%

Venus Remedies surges 6% on pact with Teva for anti-cancer drug

The pharmaceutical company has entered into an agreement with Israel-based generic drug maker Teva for selling an anti-cancer drug in Canada.


Maruti to challenge CCI penalty, says order lacks understanding

Competition Commission had slapped a total penalty of Rs 2,545 crore on 14 car makers in India

Tata Motors hits fresh record high

The stock was up nearly 2% at Rs 523, also its record high on the Bombay Stock Exchange.

Mahindra to challenge CCI penalty of Rs 292.25 cr

The trade regulator slapped penalty on the company for violating trade norms


Kingfisher should be given loan, other documents by PNB: HC

The airlines had moved the court against PNB's notice alleging the carrier has willfully defaulted in payment of outstanding dues of over Rs 770 ...

Indian Hotels to spend Rs 450 crore, increase capacity by 26%

Will add 33 new hotels across its four brands - Taj, Vivanta by Taj, Gateway and Ginger - having 3700 rooms

Payment default case: Kingfisher moves HC against PNB notice

The PNB notice seeks to establish the airline, United Breweries (Holdings) and Vijay Mallya as wilful defaulters


Havells India rallies 16% in two days post stock split

The stock has rallied 6% to Rs 289, extending its previous day's 10% surge, after the stock turned ex-stock split on Tuesday.

Defence stocks gain on hike in FDI limit

BEL, BEML, Astra Microwave Products, Walchandnagar Ind and Pipavav Defence are up 2-6% on the BSE.

Tata Advanced Systems to make aerostructures for Pilatus Aircraft

Contract is for assembly of complete airframe for the aircraft, including integrated fuselage, wing, cockpit, ailerons, fins and rudders


M A M Ramaswamy to resign from Chettinad Cements chair

Shareholders approved an amended resolution not to re-appoint Ramaswamy, a prominent industrialist, as director

Shree Cement: Foray into new geographies holds key

High valuations and potential impact of entry into new regions on margins has led certain analysts lower their ratings

Textile firms try out own e-commerce platform

To build on consumer loyalty, firms are replicating company owned exclusive brick-and-mortar store experience on internet


Vijay Mallya's long time business associate comes on board at MCF

Srinivasulu Reddy Magunta is the Chairman of Balaji Group of Industries based in Chennai

PI Industries hits new high; up 16% amid heavy volume

Shares of agrochemicals maker have outperformed the market by surging 33% in past one month

Rethinking the media plan

Instead of thinking in silos, marketers should try to create immersive storyscapes


Dish TV targets new acquisitions through sports driven packages

In the new channel package options, three of the four packages include all the 11 sports channels available

Eros International and R Balki team up for Shamitabh

Shamitabh, is the third film with the actor-director combination of Amitabh Bachchan and Balki

TV Today Network, NDTV rally up to 20% on heavy volumes

TV Today Network surged 20% to Rs 203, while NDTV soared 13% at Rs 93.95 on the BSE.


RIL to shut down Hazira manufacturing unit for 4 weeks

However, RIL's crackers at other locations will continue at normal levels of operations

IOCL expects to clock Rs 5 lakh cr in sales in 2014-15

IOCL clocked a turnover touched of Rs 4,57,553 cr in 2013-14, a jump of 10.3% over the previous year

NK Verma takes over as OVL MD

Verma has been Director (Exploration) of ONGC since April 2013


FTIL sells 5% stake in MCX, completes exit

FTIL's exit is expected to provide respite to MCX, which has been struggling to secure approvals for its contracts

Volume boost ahead for Concor

Higher container volumes and expansion initiatives should help post an over two-fold jump in average earnings growth during FY14-17

E-comm logistic firm Holisol gets firm venture capital funding

Gets $1.5 mn from oil & gas professional Sundeep Bhandari, through his company Datavision


Beyond Business Rss icon

Burman dada off key

Sathya Saran's book on one of Bollywood's legendary music directors doesn't quite hit the right note

Wistful in Gulmarg

Gulmarg, once an alpine retreat, isn't what it used to be. But its rolling meadows, wildflowers and deodars are still magical

Commodities

Commodity
Price(Rs)
Change
(%)

27818.00
-77
-0.28

5673.00
-25
-0.44

41960.00
-25
-0.06

241.30
-1.4
-0.58

423.15
-2.8
-0.66

FEATURES

In Depth Rss icon

Aviation battle breaks out in Bangalore

After AirAsia India decided to make Bangalore its hub, rivals like IndiGo and Jet Airways have rapidly scaled up connectivity to the city

Power sector picks up the pieces after slump

Friendlier government policies, greater demand and better supply of coal have fuelled investor interest

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

Battle for Mansion House

ABD buys 50% ownership rights of the premium brandy, but the stage is set for a three-way legal fight

For Ed Hardy, it could be second time lucky

After signing the licensing deal with Ed Hardy, Arvind has rationalised prices and wants to move beyond just T-shirts

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