MARKETS »

Sensex slumps 661 points on inflation, growth concerns


Downgrade of monsoon forecast raised fears of higher inflation adding to uncertainty of further rate cuts

COMPANIES »

Emami continues buying spree, acquires Kesh King brand


This comes on the back of acquisition of an organic personal care company Fravin

ECONOMY AND POLICY »

Governor Rajan has done his part; government action to decide future rate cuts


Over to the government on how they manage the uncertainty of monsoon and revive spending in order to entice Rajan for another round of rate cuts

CURRENT AFFAIRS »

India-Israel: Blowing hot and cold


With Modi set to the first Indian PM to visit Israel, Business Standard traces the diplomatic history between the two nations

AROUND THE GLOBE »

Malaysian brothers get settlement in MH370 lawsuit


Family says they accepted the out-of-court settlement so they could 'move forward with their life'

BRAND WORLD »

Mobile persuaders


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

RBI POLICY »

We are not here to kill the economy, says Rajan


He was speaking to reporters after announcing a 0.25% cut in RBI's policy rates

BS Poll

With Tuesday's 25 bps cut, RBI has reduced interest rates by 75 bps in 2015. Will this translate into a pick-up in the economy later this year?

Yes  
No  
Can't Say  

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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

RBI cuts rates by 25bps; but what next for the markets?

Sensex slips 500 points. Progress on monsoon remains key for sentiment revival, analysts say

Rate sensitive stocks slip ahead of RBI policy

Bank of Baroda, IndusInd Bank, Kotak Mahindra Bank and Canara Bank lost between 0.6% to 1.5% in morning trade on the NSE

We will try to ensure more credit growth: Arundhati Bhattacharya

Interview with SBI Chairman


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


Aurobindo Pharma rises on USFDA nod for Metronidazole tablets

The stock opened at Rs 1,380 and touched high of Rs 1,399 on the NSE.

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 ...


RBI cuts rates by 25bps; but what next for the markets?

Sensex slips 500 points. Progress on monsoon remains key for sentiment revival, analysts say

Two-wheeler stocks slip on weak May sales numbers

Shares of Hero Motocorp and Bajaj Auto are trading lower on the BSE on weak sales numbers for the month of May

Bajaj Auto sales skid 2% in May

Motorcycle sales drop 4%, commercial vehicle sales rise 13%


Mercator zooms after arm makes first oil discovery

The company said its subsidiary Mercator Petroleum Ltd has made its first oil discovery in its very first well

RBI cuts rates by 25bps; but what next for the markets?

Sensex slips 500 points. Progress on monsoon remains key for sentiment revival, analysts say

Rate sensitive stocks slip ahead of RBI policy

Bank of Baroda, IndusInd Bank, Kotak Mahindra Bank and Canara Bank lost between 0.6% to 1.5% in morning trade on the NSE


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


BHEL bags its largest order worth Rs 18,000 cr in Telangana

Will set up a 4,000 MW plant at Yadadri

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


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


Nestle rebounds after satisfactory test results on Maggi noodles

The company said results both internal and external show that lead levels are well within the limits specified by food regulations and that ...

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


Strict action against those who oppose LNG pipeline, says Kerala Govt

Major political parties and other organisations like SDPI are strongly opposing the project

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.


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
(%)

26811.00
+119
+0.45

3897.00
+67
+1.75

38257.00
+15
+0.04

385.75
+1.4
+0.36

170.40
+0.2
+0.12

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