Dholera: Modi's pet project back on the fast track

Armed with green nod and cash infusion, Gujarat govt is getting ready to issue tenders to build infrastructure at the mega investment region

CURRENT AFFAIRS »

IAF asks personnel not to use Xiaomi phones


The phones are believed to be transferring data to their servers in China and could be a security risk

ECONOMY »

Gold sales jump about 20% for Diwali


Premiums jump to $17-$18 an ounce this week, compared with $12 last week, on surging demand

COMPANIES »

Jet Airways' chief operating officer Subodh Karnik quits


This is the eighth high profile exit at the Indian carrier since its tie-up with Etihad Airlines

AROUND THE WORLD »

Ottawa shooting gunman wanted to travel to Syria, says mother


The two shootings in Ottawa left lawmakers barricaded inside offices and parts of the city for hours on Wednesday

TINY LABOURERS »

For children in India, home is the new factory


Here we look at how garment factories outsource some work to households to cut costs and how jobs end up being done by children

FINANCE »

Banks cut lending rates to corporate sector


Lenders say they have been left with no choice but cut rates, as companies are increasingly turning to the corporate bond market for loans

MARKETS »

Wall Street little changed as Microsoft offsets Amazon


Amazon plunged 7.3% to $290.45 as the biggest drag on both the S&P 500 and Nasdaq 100

OPINION »

COLUMNIST »


Shyamal Majumdar: Can Modi sweep out inspectors?

Factories need freedom from absurdities like seeking permission for working on Sundays, keeping records of when the premises were whitewashed

Editorial Comment »


Bidding adieu to 2070

A year that saw animal spirits revive

IN DEPTH »


Mahindra banks on Peugeot for scooter sales

A controlling stake in the French company may help Mahindra's two-wheeler division grow in the business

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Derivatives

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Columnists

MSMEs - separating wheat
from chaff

Arvind Panagariya

Do not look for easy interventions to help small-scale enterprises - carry out the reforms that will let them grow big

Can Modi sweep out
inspectors?

Shyamal Majumdar

Narendra Modi has vowed to end the “inspector raj” in India’s factories and unveiled steps to make inspections transparent and hassle-free

For travel pros, Ebola
fears create teaching
moments

Joe Sharkey

The business travel industry is warily monitoring the situation, aware of the panic created during the SARS epidemic in 2003

The struggles of Anil
Agarwal

Bhupesh Bhandari

Not just in business, Mr Agarwal has faced roadblocks in philanthropy as well

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

Bidding adieu to 2070

A year that saw animal spirits revive

India Inc continues to struggle

Early bird second-quarter results are not cheering

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

Shameful side of the War on Terror

In Pay Any Price: Greed, Power, and Endless War, James Risen, sets out to portray many seamy sides of the war on terror during past 13 years

India's Afghanistan predicament

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

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

Creador gets 75% IRR in dollar terms on exiting Repco Home Fin

Fund has had one exit, from Old Town White Coffee, realising a 70% IRR last year

CIL trade unions caution against de-nationalisation of mines

Senior leaders of 5 CTUs will meet shortly to decide future course of action

Sobha Q2 sales bookings drop 12% to Rs 559 crore

Company had posted a sales bookings of Rs 632.3 crore in the year-ago period


Creador gets 75% IRR in dollar terms on exiting Repco Home Fin

Fund has had one exit, from Old Town White Coffee, realising a 70% IRR last year

CRISIL downgrades J&K Bank's deposits

Stress on asset quality is a key concern, says the ratings agency

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.


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 ...


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


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 ...


Just Dial's margins to remain capped

Given robust listing additions, aggressive plans to scale up remain strong.

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


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
(%)

27168.00
+43
+0.16

4991.00
-35
-0.7

38133.00
+78
+0.2

413.10
+0.1
+0.02

219.90
-4.5
-2.01

FEATURES

In Depth Rss icon

Mahindra banks on Peugeot for scooter sales

A controlling stake in the French company may help Mahindra's two-wheeler division grow in the business

Coffee chains wake up to new reality

Coffee chains in India are struggling to turn the corner

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

Tuning up Bindass' youth 'Play'

Disney is extending its most popular home-grown TV channel brand in music to ride a trend

The wheel turns full circle for Dunlop

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

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