MARKETS »

Nifty ends above 8,400 on govt nod for changes in GST bill


Defensive shares were the top gainers along with select financials

COMPANIES »

Kotak Mahindra net profit down 26% to Rs 517 crore


Net NPA stood at 0.93% compared to 0.81%

CURRENT AFFAIRS »

Former President APJ Abdul Kalam laid to rest


'People's President' Kalam given full military honours

ECONOMY AND POLICY »

Show cause notices to 61 firms for violation of FDI norms: Nirmala Sitharaman


She also informed that India attracted $9.45 billion foreign direct investment during April-May this fiscal

AROUND THE GLOBE »

Procter & Gamble sales fall for sixth straight quarter


Company also expects sales to fall in the low-to-mid single digits next year due to the strong dollar

BRAND WORLD »

Trujet builds a budget brand


Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?

FINANCE »

Rupee seen weakening further due to concerns of rate hike by US Fed


RBI is expected to keep the repo rate unchanged in its August 4 monetary policy

BS Poll

What is your opinion on the death penalty in India?

Keep it only for rarest of rare cases  
Abolish it  
Broaden rarest of rare to include rape  
Keep it, but use injections  

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Derivatives

Opinion Rss icon

Columnists

What will drive India's
growth?

Suman Bery

Long-term sustained growth ultimately rests on a set of mechanisms and institutions

M&As are also about
people

Shyamal Majumdar

Mergers are not just about balance sheets or marketing synergies; they are also about those who make the synergies real

Not in the spirit of
indigenisation

Bharat Karnad

Notwithstanding the achievements of those such as APJ Abdul Kalam, the govt should stop mollycoddling defence PSUs

Why real estate may not
crash

Bhupesh Bhandari

That is because a sizeable number of builders are not highly leveraged, and can therefore afford to sit on unsold stock for some more time

BLOGS


Tuktuki Mondal case underlines the deep religious fault lines in India

No answer can satisfy Hindutva activists who are obsessed with conspiracy theories and victim hood

Curtailing RBI Governor's veto powers is another flash point between RBI & Govt

Urjit Patel panel wanted all members to be appointed by RBI

EDITORIAL COMMENT

Turmoil in Shanghai

Bigger concern is Beijing's response to fall in China's markets

Surviving in the digital age

Software firms have to become technology savvy

Financial X-ray

ITC: Strong operating performance surprises

Cigarette price hikes spur profits but volumes might remain under pressure

Margin, US boost for Dr Reddy's Lab

Strong growth in US and India elevated profitability

BOOK REVIEWS

Essays too small for their subject

Americana, a collection of three essays, except these were written for the New Left Review and not the London Review of Books

2008 and its aftershocks

The book is a clarion call to economists to expand the body of work they rely on to include the works of Marx, Hayek and Kondratieff

Payment not guaranteed
Robyn Mak


China worries start now for Visa and MasterCard

Too much weight
Olaf Storbeck


Only pilots can end Air France's flight to nowhere

CompaniesRss icon

Farallon, Blackstone to bid for RCom tower stake

The other bidders include private equity firm Carlyle and US-based American Tower

Battle against call drops: Bharti CEO writes to crowdsource cell sites

About 10,000 towers have been shut across the country, half of which are in Mumbai and Delhi, over health concerns

Glenmark profit up 3.3%

The previous result had a one-time gain of Rs 30 crore from product licensing


Better margin rescues ITC's June quarter

Cigarette volumes for the company had shown double digit decline over the last few quarters

Colgate-Palmolive net falls 15%

Net sales was sluggish, growing five per cent to Rs 1,003 crore as volume growth fell

ITC auditor appointment invalid: Proxy advisory firm

Company says followed due process, appointed Deloitte Haskins & Sells based on its eligibility certificate


Lending rates can come down if Reserve Bank of India cuts rates further: HDFC Bank

Moreover, since the deposit growth is outpacing loan growth, there could be scope to bring down the base rate

BoB net down 22.7% but stock zooms 10%

High staff expenses, depreciation in investments dent bottom line

IDFC Q1 standalone net down 46% at RS 241 cr

However, the total income rose marginally to Rs 2,087 cr


Car makers divided on taxation under GST regime

Players like Maruti Suzuki and Hyundai who have a large exposure in the small car segment want GST to retain a dual structure

Mahindra to launch mini SUV in September

TUV3OO is going to challenge the Ford Ecosport in the sub-4 meter segment

Exide Industries Q1 net dips 16% to Rs 155 cr

Net sales of the company declined to Rs 1,795.36 crore during the first quarter of the current fiscal


NTPC Q1 net profit down 3% on lower generation, PLF

PLF for coal-based plants decreased to 77.58% versus 84.29%, compared annually

HCC's net profit drops 71% to Rs 8 crore in Q1

Turnover dips to Rs 975.1 crore, down 7%

RPower takes govt to court on Chhatrasal coal block cancellation

Coal ministry through a notification on May 7 cancelled the allocation of Chhatrasal coal block to its subsidiary Sasan Power


SpiceJet plans to induct more women pilots

Out of the 470 pilots in the airline, nearly 50 are women commanders and first officers

Thomas Cook India June quarter net at Rs 37.7 cr

Consolidated total income of the company stood at Rs 929.15 crore for the quarter under consideration

NIIT soars over 50% in two weeks post Q1 results

The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52.


Thermax plans Rs 460-cr expansion; plans to set up three plants

The expansion plan is part of the strategy to derisk the business and will help the company to reduce its dependency on the cyclical nature of ...

Blue Star Q1 net up 26% at Rs 39 cr

The company's operating income jumped by 8% to Rs 908 cr

Dalmia Bharat surges on robust Q1 results

The stock surged 14% to Rs 725 after the company posted profit of Rs 42 crore in June quarter against loss of Rs 27 crore in a year ago quarter.


Needless row due to random reading of rules: Dilip Shanghvi on Maggi ban

India should have helped industry to bring immense benefit to society, not scare away investment from business

Maggi mess: Nestle sees first loss in two decades

India's largest food firm by revenue reported a loss of Rs 64.4 cr for Apr-Jun

GSFC Q1 net declines 7% to Rs 101 cr

Total income of the Vadodara-based company also decreased by 12% to Rs 1,100 cr


Dish TV: Signals getting stronger

Margins are expected to improve from here as revenue growth will be stronger than increase in costs

Dish TV posts Q1 profit at Rs 54 cr

Despite Q1 being a relatively weak quarter seasonally, Dish TV gained subscribers both in the Phase 3 and Phase 4 markets

Today's picks- 28 July 2015

Nifty, Bank Nifty, Tata Motors, ACC & Zee Entertainment


Upstream oil PSUs lubed up for stronger Q1 earnings

Downstream refiners could see a moderation in earnings, led by weaker refining margins and possible forex losses

Essar Oil first quarter net profit up 55% at Rs 1,063 cr

Gross Refining Margin rises 22% to $11.05 per barrel

Essar Oil gets stock exchanges go ahead for delisting

Delisting the company will give promoter Ruia borthers greater flexibility and less regulatory scrutiny while selling a stake in the refiner


Technology Rss icon

Windows 10 launched: A fresh start, and a few bugs

Users find the new Windows a definite improvement, but a work-in-progress

Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24730.00
+10
+0.04

3126.00
-22
-0.7

34030.00
+55
+0.16

338.95
-2.7
-0.79

178.70
-4.8
-2.62

FEATURES

In Depth Rss icon

Is the Maggi saga stifling food companies?

Over the past several months, new product launches have slowed as companies are growing increasingly anxious about regulatory oversight

Bharti Airtel's plot veers off script in Africa

Five yrs after it ventured into Africa, Airtel wants to sell 4 of its subsidiaries there to France's Orange, signaling a change in its strategy

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

Brand World Rss icon

Challenger brands storm the bastion

Tata holds on to number one position, 20 new brands enter the list; Titan, Shoppers Stop, SpiceJet drop off

Trujet builds a budget brand

Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?