SpiceJet to submit rescue plan to govt today

Sources say investors are considering pumping in about Rs 1,100 cr, which they believe will get the airline back on track

MARKETS »

Markets trading flat; ITC, Hero Moto Corp down 1%


The 30-share Sensex was down 2 points at 27,206 and the 50-share Nifty was up 9 points at 8,183.

2004 TSUNAMI, 10 YEARS ON »

When the waves came crashing to Indian shores


On Dec 26, 2004, a tsunami took a huge toll on life in Tamil Nadu. A decade later, BS takes a look at the change it has brought

COMPANIES »

Sumitomo Mitsui to take 2.77% stake in Reliance Capital


Reliance Capital also intends to establish new bank in India with Sumitomo Mitsui Trust Bank

ECONOMY »

Centre revamps stake sale process for PSUs


New disinvestment process from 2015-16 may see year-round issues

AROUND THE WORLD »

Russia says currency crisis over, but inflation set to soar


Warns inflation set to soar over 10% for the first time since the 2008-09 global financial crisis

FINANCE »

MFIs scout for domestic equity ahead of bank licence


A Sebi rule does not allow domestic PE in MFIs while RBI norms don't allow foreign equity of more than 26% in NBFCs

CURRENT AFFAIRS »

China challenges India's polished diamond throne


Exports of polished diamonds by China has increased 72% in the past five years

BS Poll

Who should the PDP form the J&K government with?

BJP  
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Derivatives

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Columnists

Time to blame the
Germans?

Daniel Gros

This time, it's a sluggish Germany that is holding European recovery back

Creativity: Lessons from
Jesuits

R Gopalakrishnan

Innovation produces unintended risks. However, only a scientific temper can advance knowledge

In Asia, 2014's biggest
losers

William Pesek

As the year draws to a close, it's time to name the companies, politicians and corporate emperors caught out looking distinctly undressed

The tech route to safety
Indrajit Gupta

If carmakers don't explore innovations to improve safety, they could be relegated to the garbage heap by new players

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

2014: Living in interesting times

Oil and Russia decline, as China continues to rise

Political intent for Bharat Ratna

Posthumous awards do a disservice to great Indians

Financial X-ray

M&M: Launches may help arrest market share decline

Near-term outlook muted; volume uptick next year and valuations are positives

Havells: Rich valuations; revenue growth to moderate

Stock at 27x FY16 earnings in the face of 13% estimated revenue growth in FY15

BOOK REVIEWS

How Sachin created a cricket humourist

Vikram Sathaye shares his experiences from his time spent with the Indian team as a sort of unofficial groupie

Monotheism's nuanced uncertainties

This second volume in the series is a textual overview of the three monotheisms – Judaism, Christianity and Islam

Kevin Allison

Restart your engines
Kevin Allison


Mary Barra gets a second first year at GM's wheel

Edward Hadas

Balloon debate
Edward Hadas


Inflation could make a surprise comeback

CompaniesRss icon

Japan's Sumitomo Mitsui to take 2.77% stake in Reliance Capital

Reliance Capital also intends to establish new bank in India with Sumitomo Mitsui Trust Bank

Sumitomo Mitsui to take $58.4 mn stake in Reliance Capital

Sumitomo Mitsui will buy the stake at 530 rupees per share through preferential allotment

Manappuram Finance gains on stake buy plan in Asirvad Micro Finance

The company also intends to increase its stake up to 85% by infusion of additional capital.


Govt to look into Airtel's plan to charge for internet calls

Airtel plans to charge for VoIP calls at standard rate of 4 paise per 10 KB on 3G network and 10paise per 10 KB on 2G

Airtel to charge for using VoIP services

VoIP services include those such as Skype, Line and Viber that typically let users make free calls through the internet

Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel


Torrent Pharma, Reliance Life sign licensing agreement for biosimilars

The licensing agreement is expected to significantly boost presence in oncology and dermatology segments

Dr Reddy's, IPCA facilities under Health Canada radar

Dr Reddy's and IPCA will not be able to export drugs from facilities under US scrutiny to the Canadian market

Hester board approves scheme of amalgamation

The board has approved scheme of amalgamation between Diavetra Lifesciences, Gujarat Agrofarm, Hester Biosciences Mauritius and Innoves Animal ...


States face power deficit as Power Grid delays transmission lines

In most cases, the commissioning date has been extended by at least three years

BSES plans to launch mobile app for power supply transparency

Initially, the app will run only on Android phones, but will be extended to other platforms later

Jaiprakash Associates shares soar 9% on UltraTech deal

Shares of Jaiprakash Associates (JAL) on Wednesday zoomed nine per cent after Aditya Birla Group firm UltraTech announced the acquisition of its ...


SpiceJet surges on revival plan reports

The stock up 8% to Rs 19 on reports that JP Morgan and Ajay Singh plan to buy the entire stake held by Kalanithi Maran.

SpiceJet to submit rescue plan to govt today

Sources say investors are considering pumping in about Rs 1,100 cr, which they believe will get the airline back on track

JPMorgan, Singh said to plan $200-million SpiceJet investment

JPMorgan Chase & Co is partnering with SpiceJet's co-founder for a $200 million holding in the distressed carrier, a senior government ...


Tata Chemicals to target FMCG market

TCL is going through a restructuring programme to prune its debt

Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India


Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry

Jagran Prakashan hits 52-week high on acquisition plan of Radio City

The stock hit 52-week high of Rs 155 on NSE.


Commodities

Commodity
Price(Rs)
Change
(%)

26587.00
-38
-0.14

3567.00
-42
-1.16

36481.00
+58
+0.16

404.45
-1.85
-0.46

195.30
-7.6
-3.75

FEATURES

In Depth Rss icon

Foxconn workers wait for a ray of hope in new year

As company suspends operations, about 1,700 workers are staring at bleak future, pinning hopes on the next round of talks with mgmt

Let the mouse buy you a house

Tata Housing had managed to sell 50 apartments in the 2013 edition of Google's online shopping festival

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

More than Being Human

The brand's licence-holder, Mandhana Retail, eyes a bigger play in licensed brands and extensions

Prestige expands but with caution

It has had to bring back its popular tagline, expand beyond south India to make its diversification work

Business Education Rss icon

BITS Hyderabad opens its doors for overseas students

To start with, at its Hyderabad campus, it would take 50 foreign students for its more than a dozen undergraduate programmes from next year