SAMVAT 2071 »

Market carries forward the optimism into Samvat 2071


Sensex adds 63 points, Nifty closes above 8,000

CURRENT AFFAIRS »

After meeting soldiers in Siachen, Modi reaches Srinagar


PM will review the relief and rehabilitation work in J&K post floods

COMPANIES »

GoAir profit plunges 95% to Rs 5.5 crore in FY14


Airline blames ATF price hike, rupee weakness

AROUND THE WORLD »

'Canada will never be intimidated,' says PM Harper after parliament attack


Assailant Michael Zehaf-Bibeau, who stormed the parliament, was shot dead by guards yesterday

ECONOMY »

Coal India to gain from opening up of mining


Experts claim that competition will be beneficial for Coal India

TINY LABOURERS »

Dreams crash on banks of Balason


Here we look at how children working in stone crushing units of North Bengal do not figure in national child labour statistics

FINANCE »

At RBI's Sept 30 review, most external members sought a rate cut


While three members sought a cut of 25 basis points (bps), one argued for a 50-bps cut

BS Poll

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Derivatives

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Columnists

The great oil price game
Claude Smadja

Will oil prices continue to decrease, and will Saudi Arabia then step in to arrest their decline?

Cranking it up
Kanika Datta

Most Indians tend to view the cultural aspects of liberalisation as an issue of subordinate importance

The mathematics of
Maharashtra

Praveen Chakravarty

A summary of Amit Shah's master strategy that helped the BJP emerge victorious in the recent Assembly elections

Stop passing the buck
Anjuli Bhargava

If the government is so keen to provide connectivity to remote places in India, why doesn't it consider Air India for the job?

BLOGS


All the Queen's gold
Katya Naidu

Though Jayalalithaa was convicted mainly for land grabbing, it was the images of 30 kg of gold that remained in public memory

Were Rajdeep Sardesai's 5 questions on Modi provocative?
Jency Jacob

Sardesai's detractors blame him for provoking the crowd at Madison Square Garden, but did he?

EDITORIAL COMMENT

Beware of fiscal complacency

Other challenges for India's deficit besides oil subsidies

Forced mergers are wrong

Govt violates principle of limited liability

Financial X-ray

Wipro's dollar revenue growth disappoints

Ebit margins decline 80 basis points sequentially to 22%; company expects 2nd half to be better

Strong volume growth boosts UPL's revenue

Forex losses result in higher finance costs and lower other income, hitting net profit

BOOK REVIEWS

India's Afghanistan predicament

India’s Afghan Muddle begins by outlining India’s core interests in a safe and stable Afghanistan

Utopia, out of office

What God's Own Office advocates - work from home - is already the emerging reality around us, as technology enables a new economy to take shape

Antony Currie

Vulture culture
Antony Currie


Bank culture powwow blends carrot, stick, naivete

Neil Unmack

To the max
Neil Unmack


ECB's corporate bond plan is powerful but risky

CompaniesRss icon

Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

Chinese slowdown cheers some, worries many in India Inc

May mean cheaper inputs but also greater competition from imports

Gujarat set to get biggest piece of 'Make in India' pie

Domestic and foreign companies pour in a slew of investments in Gujarat


Asian Paints gains on plans to acquire Kadisco Paint

Asian Paints gained on plans to acquire majority stake in Kadisco Paint

Kansai Nerolac paints hits record high on strong Q2 earnings

The stock rallied 6% to Rs 1,991 on NSE after reporting 41% yoy jump in net profit at Rs 73 crore in September quarter.

Asian Paints to buy 51% stake in Ethiopia-based Kadisco Paint

The acquisition will enable the company to expand its international footprint


PMC Fincorp soars over 25% in two days post stock split

The stock rallied 27% to Rs 213 from Rs 168 (adjusted to stock split) on October 22 on the Bombay Stock Exchange.

HDFC's net rises in single digit after 21 quarters

Provisions and contingencies jumped 133% year-on-year to Rs 35 cr from Rs 15 cr in the same quarter last year. However, sequentially, it ...

L&T Finance Holdings Q2 net rises 17% to Rs 181.63 cr

Company had reported a net profit of Rs 155.72 crore a year ago


Samsung and Airtel launch integrated digital TVs

Samsung's SmartDirect TVs will come designed with in-built Airtel digital satellite tuner, will enable DTH signal reception without set-top-box

Nokia workers lobby Commerce Minister Sitharaman's to prevent shutdown

Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry

Idea Cellular Q2 profit up 69%

The growth was on the back of strong subscriber addition and surge in data usage


Financial Technologies gains 10% on heavy volumes

The stock zoomed 46% from its 52-week low of Rs 136 touched during intra-day on Wednesday.

Wipro dips on weak Q2 results

The stock dipped 4% to Rs 559 on NSE after reporting flat quarter-on-quarter growth in net profit at Rs 208 crore in September quarter.

Wipro disappoints in Q2; misses Street estimates

Wipro, India's third-largest information technology (IT) services company, met its revenue growth forecast for IT services on Wednesday, but it ...


DLF finds Rs 2,000 cr in assets 'frozen' by mutual funds

Writes to Sebi, asking if the firm's ban on securities transactions extends to mutual fund investments

Idco transfers 85 acres pvt land to Essar Power

The land has been alloted at Bijaychandrapur under Kujang tehsil in Jagatsinghpur district

NHPC to set up its first solar project in UP

The estimated project cost is Rs 400 crore and it will be completed by mid 2016


Online Amazon shopping, Jet Airways booking now easy via RuPay

We are glad to offer a wider horizon to our cardholders to transact online, says NPCI managing director

Jet, SpiceJet start another fare war

Airlines announce limited period one-way all-inclusive fares starting Rs 899

Departure time gets a new meaning in aviation

Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines


Crompton Greaves demerger formula unfair to investors

Proxy advisory firms, broking houses also add that the demerger enhances the promoter control over the consumer product company

Havells Q2 net up 1% to Rs 113 crore

Company had posted a consolidated net profit of Rs 112 crore for the same period of previous fiscal

Debt-ridden GMR plans to raise Rs 5,400 cr

Amount likely to be raised through asset sale, equity issue; company might divest a few road and power plants


GACL's Q2 PAT sees marginal rise, at Rs 48 crore

The company's first quarter net profit stood at Rs 56.95 crore

UltraTech: On a strong wicket

Realisations, overall performance beat most estimates, but some analysts are disappointed as cost pressures continue

UltraTech Cement gains as Q2 earnings beat estimates

Consolidated net profit rose for Jul-Sep increased 47% to Rs 416 crore against Rs 283 crore in the same quarter last fiscal


Chinese slowdown cheers some, worries many in India Inc

May mean cheaper inputs but also greater competition from imports

Tata Steel's plan to reach global scale losing fizz

All was going well in the beginning in FY07, but with economic slowdown worsening in Europe Tata Steel lost its global sheen

Unite set to meet Tata Steel chairman Cyrus Mistry on Nov 15

Trade union to be in talks with Tata Steel, Klesch group to work out long-term future of workers at European division


Strong volume growth boosts UPL's revenue

Forex losses result in higher finance costs and lower other income, hitting net profit

Tata Coffee back in black with Rs 32.4 crore profit in Q2

Firm had net loss of Rs 12.9 crore in the corresponding quarter last year

Two MCFL investors tender 2.6% stake to Deepak Fertilisers

The takeover battle further intensified last month after Deepak Fertilisers raised its open offer price to Rs 93.60 per share


Zee Media falls on reporting loss in Q2 results

The stock has declined around 2.5% on BSE after the company posted net loss of Rs 12.8 crore in the July-September quarter

Today's picks- 20 October 2014

Nifty, Bank Nifty, Jindal Steel & Power & Zee Entertainment

Panasonic Appliances to delist shares from stock exchange

Indian promoters sells entire share to the Japanese partner


Raising the output key to Cairn India's prospects

With crude oil prices benign, increasing oil and gas production is crucial to drive growth

ONGC falls 5% in two days on stake sale report

Over the past two days, the stock declined 5.25% to Rs 397 from Rs 419 on October 20, compared to 1.2% rise in CNX Nifty

Reliance partner Niko falls 48%

Shares of Canada-based Niko Resources, a partner of Reliance Industries (RIL) in the D6 block in the Krishna-Godavari basin and NEC-25 gas block ...


Snowman Logistics soars over 15% on heavy volumes

Till 1505 hours, a combined 9.34 million shares representing nearly 10% of free-float of equity of Snowman Logistics changed hands on NSE and ...

V-Mart Retail gains on expansion in tier-2 &3 cities

V-Mart Retail has gained around 7% on BSE aided by aggressive expansion in tier-2 and 3 cities

Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever


Beyond Business Rss icon

Food for froth

Wheat beer with prawns? Or light lager with cheese?

Alice in dastangoi

M Farooqui & his team of dastangos are branching out from the traditional realms of storytelling to newer tales like Dastan Goopi Bagha Ki

Commodities

Commodity
Price(Rs)
Change
(%)

27120.00
-361
-1.31

5024.00
+22
+0.44

38016.00
-193
-0.51

412.90
+2.7
+0.66

225.30
+1.1
+0.49

FEATURES

In Depth Rss icon

From saas-bahu to 24, how TV is changing the show

As returns from fiction fall, broadcasters are experimenting with high-cost programming and new genres to grab more eyeballs

Commodity exchanges try to revive volumes

They are banking on forward trading to make up for the loss due to the dwindling interest in gold and non-farm commodities futures

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

The wheel turns full circle for Dunlop

Competition, ownership battles and labour problems saw this once-dominant tyre brand roll into history

India formula behind Hyundai's new high

As other global car makers struggle in India to keep sales consistent, the Korean player has made a heady combination out of design

Business Education Rss icon

TISS to lead govt's skill training initiative

The framework for the TISS SVE was conceptualised in 2011, to spread skill development to every nook and corner of the country