MARKETS »

Nifty heading to snap four day winning streak


Markets slumped in late trades, amid weak European cues, with oil and financial shares leading the decline along with Tata Motors

COMPANIES »

Global brands bring flavour to online grocery stores


Consumer demand is driving online grocers to stock more international brands of food

CURRENT AFFAIRS »

ED arrests Gautam Khaitan in VVIP chopper scam


Khaitan was on the board of Aeromatrix, allegedly a front company for the financial dealings

Around the world »

Philips to split off lighting business, form separate company


Says new structure will bring cost savings of 100 million euros next year

ECONOMY »

No plans to raise PDS grain supply from 5kg to 7kg: Paswan


Says increase in the subsidised foodgrain allocation will put pressure on the food subsidy bill

FINANCE »

Street expects RBI to hold rate for entire year


60% respondents to a Business Standard poll don't see a change in repo before March-end

SME WORLD »

Akhilesh Yadav to meet industry once a month


One-to-one interaction aimed at on-the-spot resolution of investment issues

BS Poll

Is it time for the Shiv Sena to end its alliance with the BJP?

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Derivatives

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Columnists

Transparency as cure
Indira Rajaraman

Transparent disclosure of project clearances and delays is needed to restore the health of the banking system

Farming tips? Ask for
your postman

Surinder Sud

IARI's 'postal agri-extension' drive could be a game-changer for farmers and the postal dept

Modi, faux
secularists and Muslims

Hasan Suroor

The “Secularati” is adept at hijacking Muslim issues and running with them even before the community itself has formulated a response

And the winner is ...
Ajit Balakrishnan

In recent years, there has been an explosion in the number of prizes being awarded in various fields

BLOGS


The plight of the ordinary Kashmiri
Kavita Chowdhury

Besides the floods, Kashmiris also had to fight the indifference of authorities

Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

EDITORIAL COMMENT

Eye on the US

Takeaways from Prime Minister Narendra Modi's first interview

New life for Aadhaar

Realistic expectations from the unique ID

Financial X-ray

Sikka magic may revive high growth at Infosys

Analysts bullish as company looks to invest in new technologies

Colgate-Palmolive: Getting more shine

Outlook improves as company garners additional market share

BOOK REVIEWS

What price development?

Clear Hold Build offers timely look at 21st century India's human rights flashpoints - Vedanta, Tata Steel, Posco, Kudankulam and more

Mr Kissinger's world order

Henry Kissinger’s latest book World Order is probably one of his most magisterial works in recent years

Una Galani

Soft-value
Una Galani


Alibaba IPO highlights SoftBank's value dilemma

John Foley

A hire power
John Foley


China's jobs market in need of serious work

CompaniesRss icon

Syndicate Bank sacks arrested chairman SK Jain

ain was arrested last month by CBI on charges of taking bribes

Tech Mahindra bags multi-million euro project from Ahlstrom

Under a business transfer agreement, about 50 Ahlstrom IT employees globally are planned to move to Tech Mahindra

DLF slumps on BNP Paribas downgrade

Stock down over 4.5% on a rating downgrade to "reduce" from "hold"


Syndicate Bank sacks arrested chairman SK Jain

ain was arrested last month by CBI on charges of taking bribes

IFCI rallies on plans to sell partial stake in TFCI

Stock gains on plans to divest partial stake in Tourism Finance Corp

IFCI to raise Rs 2,000 cr via long-term bonds in Q3

IFCI's ability to raise funds at competitive cost through capital market instruments would be critical for its competitiveness


MTNL not to infuse any fresh equity into Nepalese venture

MTNL has also proposed to sell its stake in the venture that seems commercially unviable

GSM players add 55.4 lakh users in August: COAI

Idea Cellular added the maximum number of users in August with 17.2 lakh subscribers

Airtel may have to pay Rs 436 cr for merging Qualcomm 4G arm

The company is moving from its present permit to new licence for which it has to pay differential spectrum cost and migration fee


Tech Mahindra bags multi-million euro project from Ahlstrom

Under a business transfer agreement, about 50 Ahlstrom IT employees globally are planned to move to Tech Mahindra

BSE IT index hits record high; Geometric soars 14%

TCS, HCL Technologies and MindTree have hit their respective lifetime highs on BSE.

Sikka magic may revive high growth at Infosys

Analysts bullish as company looks to invest in new technologies


Aurobindo: Long-term benefits outweigh near-term challenges

The company's ability to manufacture limited competition, complex products from its manufacturing unit boosted prospects

Sanofi India surges as govt withdraws NPPA's power on pricing of non-essential drugs

The stock rallied 12% to Rs 3,350 on National Stock Exchange.

SMS Pharma to shift focus to AP

The company is planning to gradually scale down production at its units in Telangana


M&M dips after Credit Suisse downgrades the stock

Shares of M&M lost 1.5% to Rs 1,355 after Credit Suisse downgraded the stock to "neutral" from "outperform"

TVS Motor: Strong on volume growth; margins a concern

The volume and market share gains can be attributed to a series of launches, especially in the second half of 2013-14

Today's picks- 22 September 2014

Nifty, Bank Nifty, Tata Motors, DLF & ITC


Choppers might be allowed in commuter airline fleets

The BAOA has sought helicopters be included in the policy for promoting air connectivity to unserved and underserved destinations

Airlines asked to train crew to deal with unruly flyers

The training should enable crew to detect, defuse and handle critical situations, DGCA said

Hotel Leela recovers from day's lows

The stock has recovered from the day's low and is trading 1.5% lower at Rs 23.20 on the NSE.


Suzlon Energy hits four month low

In past three trading sessions, the stock dipped 27% to Rs 16.55 from Rs 22.60 on listing of fresh shares.

Electrotherm may launch electric three wheeler next fiscal

With demand for e-rickshaws on the rise, Centre working on framing laws to regulate it

GMR signs agreement with Nepal for 900 Mw project

This is GMR Group's largest overseas investment till date


Pidilite Industries gains on acquisition of adhesive biz of Blue Coat

The company said it acquired adhesive business of Blue Coat for a cash consideration of Rs 263.57 crore.

Kitex Garments hits record high ahead of board meet

Broker Motilal Oswal starts with a "buy" rating and a target of Rs 651.

Sutlej Textiles shuts fabric division to focus on home textiles

Company to expand manufacturing capacity of home textiles from existing 2.5 mn metres to 9.6 mn metres


RCF looks for partner to build fertiliser plant in Iran

The project is expected to materialise after sanctions against Iran are lifted

Hatsun Agro rises on preferential share issue plans

The company's board will meet on Sep 23 to consider issue of share on preferential basis

Many rerating cues for UPL

Product launches, presence in high-growth markets and lower debt should help it improve revenue, earnings growth


Zee Entertainment hits 14-year high on entry into Nifty

The stock hit high of Rs 317, its highest level since June 2000, on National Stock Exchange.

Zee Entertainment up 7% ahead of Nifty inclusion

Zee Entertainment will replace United Spirits in the 50-share Nifty from September 19.

Zee Entertainment up on brokerage upgrade

Kotak has upgraded the stock to 'add' with target of Rs 315 and the stock will be included in Nifty from Sep 19


Govt removes 3 independent directors from ONGC board

The move follows similar sacking of directors on boards of other PSUs including IOC, MRPL, CIL, EIL

Sebi seeks fresh info on Reliance-Network 18 deal

RIL says Sebi has not asked for revision of offer price, expecting clearance soon

BPCL says no plan to tie up with private companies for retail expansion

We have enough capabilities to invest more in retail expansion, says company's Chairman and MD


Bharti Shipyard jumps on sale of non-core asset

The company said, its lenders, under the CDR mechanism, have sold the wind mill business

Small & mid-caps on mutual funds' buy list

HDFC Mutual Fund, Reliance Mutual Fund, IDFC Mutual Fund, SBI Mutual Fund and DSP Blackrock have bought shares of mid-and-small-sized companies ...

Aegis Logistics surges 7% ahead of board meet

The board will meet today to consider and approve sale of a minority stake in one of company's subsidiary.


Beyond Business Rss icon

Inside Aladdin's cave

With its rock music, rocky caves and eclectic cuisine, Shillong promises serenity and touristy chaos, all at the same time

Movie Review: Daawat-E-Ishq is not quite a feast

With witty dialogues and adorable characters, Daawat-e-Ishq almost makes the cut, but a lopsided storyline lets it down

Commodities

Commodity
Price(Rs)
Change
(%)

26688.00
+100
+0.38

5586.00
+9
+0.16

39606.00
+33
+0.08

415.00
0
0

136.30
-0.2
-0.15

FEATURES

In Depth Rss icon

In spite of reverses, Anil Agarwal has big aluminium plans

The rise in global prices has made Vedanta Group embark on capacity expansion, though the uncertainty over captive bauxite mines continues

For Mamata, Right is the new Left

With BJP making inroads in Bengal and with allegations of impropriety in Saradha scam dogging her, Mamata Banerjee finds her popularity slipping

Real Estate

How about investing in smaller cities?

There are good reasons, such as lower costs and better quality of life, for companies and individuals moving to places beyond the metros

Brand World Rss icon

How Snapdeal seeks to break the clutter

Offers in unusual but high-ticket categories are supplying the portal with ways to differentiate from rivals like Flipkart

Huracan debuts at Rs 3.43 cr

The Huracan, which was launched by Lamborghini on Monday, already has 10 confirmed orders from India

Business Education Rss icon

Germany emerges among top education destinations for Indians

Better immigration rules and low cost of education big draw