MARKETS »

Sensex reclaims 28,000; Banks, capital goods key gainers


The strong May core sector growth back home and positive cues from the global market front aided the rally

Greece Crisis »

Greece crisis: Possible scenarios and the opportunity


The fundamentals remain same for India given little direct entanglement with Greece but massive volatility in the Eurozone will affect trade

COMPANIES »

Ratan Tata hops on to SoftBank backed OlaCabs


Company does not disclose amount invested by Tata

ECONOMY AND POLICY »

Govt cuts gold, silver import tariff value


Import prices of gold has been reduced to $382 per gram, silver $516 per kg

CURRENT AFFAIRS »

Lalit Modi offered directorship to Swaraj's husband, withdrew it later: Indofil


The proposal for appointment of Kaushal was withdrawn by Lalit Modi even before it could be brought for consideration of the company's board, ...

AROUND THE GLOBE »

South Korea court rules in favour of Samsung merger: spokesman


US hedge fund Elliott had asked for a court injunction to stop Cheil Industries from acquiring Samsung C&T Corp

FINANCE »

SBI to reward customers for repaying loan on time


Launches loyalty programme Rewardz, that offers reward points for various types of banking transactions

Data Stories

The 'Net' effect

A report by McKinsey Global Institute estimates the economic impact of the Internet of Things could be $3.9 tn to $11.1 tn a year by 2025

BS Poll

Will Greek crisis blow over after the referendum?

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Derivatives

Opinion Rss icon

Columnists

Corruption and Indian
democracy

Ashok Lahiri

Democracy is a necessary but not a sufficient condition for rooting out corruption

For a 'just' cause
M J Antony

Motor vehicles accident tribunals are quite tight-fisted when the claim of a widow, children or dependents is decided

What's the new ETA for
acche din?

Subir Roy

What the government can and is already seeking to do is improve the ease of doing business and facilitate investment in infrastructure

Global debt - An ailment
with few cures

Peter Eavis

Greece needs far easier money than the rest of Europe and it can’t get it because it is locked in with the rest of Europe

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

No distinction between FDI and FII a dampener for insurance sector

While raising the foreign investment limit, the government clubbed FDI and FII flows

Govt should leave airfares to mark

Air travel is not a poor man's necessity and it is no business of the government to fix fares

Financial X-ray

SBI: Asset quality to improve further in FY16

Street expects gross NPAs and net NPAs to increase by FY17

Strong triggers ahead for Torrent Pharma

Upside from generic launches in the US and Indian operations expected to boost financials

BOOK REVIEWS

Narendra Modi's world view

C Raja Mohan’s book provides a nuanced perspective on the government’s foreign policy initiatives under Mr Modi’s stewardship

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

Airtel commits Rs 1 lakh crore investment in tech in 5 yrs

The amount will be spent to build further and deeper infrastructure like taking 4G connectivity to the masses

CERC asks FTIL to sell stake in IEX by July 20

However, the Company Law Board doesn't want the company to sell any assets until 2nd September

JSW to spend Rs 50-cr for school of public policy at IIM-A

School will be set up at IIM-A campus and will be run by the institute


Videocon gets shareholder nod to raise Rs 5,000 cr

Could raise funds through GDR, FCCBs

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate

FMCG shares in focus; Godrej Consumer, Emami hits record high

At 1243 hours, CNX FMCG index was up 1.5% or 297 points at 20,052 as compared to 0.15% rise in the CNX Nifty.


Kotak Mahindra Bank lowers base rate to 9.75%

The new rate being offered by the bank is 5 bps higher than its larger rivals

FIPB to consider Kotak Bank, 12 other proposals on July 3

The other proposals to be considered by the panel include that of Hathway Cable and Datacom, DEN Networks and Sistema Shyam Teleservices

CNX PSU Bank index gain nearly 3%; Bank of Baroda, Bank of India up 5%

At 1403 hours, CNX PSU Bank index was up 2.8% at 3,318 points as compared to 1% rise each in CNX Nifty and Bank Nifty.


CERC asks FTIL to sell stake in IEX by July 20

However, the Company Law Board doesn't want the company to sell any assets until 2nd September

Blue Star Infotech surges on $15 mln order win

The order is to be excuted over 3-year term will offer information technology related services

IT earnings may show seasonal uptick in Q1, but no big surprises expected

TCS is expected to lead the pack followed by Infosys, HCL Technologies and Wipro


Dr Reddy's launches new logo and brand

The company has also chosen a new corporate colour- Purple

Aurobindo Pharma CEO resigns

According to a source, Arvind Vasudeva is planning to pursue teaching profession as he is an authorised coach to train the CEOs

Sensex gains 240 points to end above 28,000

Capital goods, IT and financials were the top gainers


Mahindra tractor sales down 16 % in June to 25,090 units

Exports during the month were at 1,191 units compared with 991 units last year, up 20.18%

Surinder Kapur and his 'golden' legacy

The Sona Koya founder was instrumental in Indian auto component industry expanding across the world

Ashok Leyland's M&HCV June sales up by 46%

Company's LCV sales up by 26 %


Sensex reclaims 28,000; Banks, capital goods key gainers

The strong May core sector growth back home and positive cues from the global market front aided the rally

Bhel commissions Sudan's largest power project

Company has executed this project on Engineering, Procurement and Construction basis

McNally Bharat Engineering surges on open offer

The stock surged 20% to Rs 95 in early morning trades after the EMC and Williamson Magor Group made an open offer at Rs 100 per share.


SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.

Kishore Biyani's limitless ambitions

He wants to transform his retail-led enterprise into a consumer goods giant, and reach Rs 1 lakh crore in turnover by 2021, but is that

Raymond: New clothes on an old emperor

Raymond looks to reclaim its place as the perfect brand for the perfect man. Can it keep up with the changing times?


JSW to spend Rs 50-cr for school of public policy at IIM-A

School will be set up at IIM-A campus and will be run by the institute

Gopal Singh named as new CMD of NMDC Limited

13 persons were interviewed for selection process earlier in the day

Coal India hits record high

Analysts at Motilal Oswal Securities have recommended 'buy' rating on the stock with a target price of Rs 448.


Maggi export relief not significant, say analysts

Firm, however, says operating domestic production lines for export of the product is viable

Nestle India gains on Bombay HC nod for export of Maggi noodles

The stock hit a high of Rs 6,306, bouncing back nearly 5% from intra-day lows of Rs 6,022 touched on the NSE in early morning trades.

Zydus wins USFDA nod for neurological drug

Group now has 100 approvals and has so far filed over 260 ANDAs


BPCL acquires 19.97% stake in PetronetCCK

PCCKL will become a subsidiary of BPCL with BPCL holding 68.97%

RIL to defer gas field development if price outlook uncertain

Development of of R-Series and other satellite gas fields dependent on the future economic viability of the required investments, said Niko

RIL to shut down one refinery unit for maintenance in July

The other three crude distillation units in Jamnagar for will be operating at normal rate


IGL: Strong prospects, regulatory clarity to drive re-rating

Today's SC verdict removes a major overhang on the company given that PNGRB was looking to cap gas marketing margin of IGL

Indraprastha Gas soars post Supreme Court order

The stock soared 18% to Rs 492 on the NSE in intra-day trades after the Supreme Court had dismissed the PNGRB plea.

Relaxo Footwears turns ex-bonus; stock touches new high

At 1002 hours, the stock was 4% at Rs 493, also its record high on the BSE.


Beyond Business Rss icon

The incredible lightness of being

Pilates, a fitness system that focuses on stretching to help the muscles find their balance, is becoming popular. The author tries it out

Wimbledon 2015: The contenders

The tournament holds enormous significance for both Serena Williams and Novak Djokovic, though for different reasons

Commodities

Commodity
Price(Rs)
Change
(%)

26444.00
-27
-0.1

3678.00
-98
-2.6

35471.00
-65
-0.18

374.40
+2.5
+0.67

177.70
-2.2
-1.22

FEATURES

In Depth Rss icon

Firms gear up for bigger role in transmission

With the role of state-owned Power Grid being diluted, private players see big opportunity in the sector

A Naga settlement: so near, yet so far

The government's strategy to negotiate with one faction of the rebels has exasperated the group led by SS Khaplang

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate

CavinKare plots a new route

The Chennai-based company is taking its best-selling brand national, taking on stalwarts in the hair care sector