MARKETS »

Markets shrug off Grexit fears; Nifty ends above 8,500


The recovery in late trades was led by pharma shares and index heavyweights

Michel Sapin, Greece

Greece Crisis »

After 'No' vote, come up with serious proposals: France to Greece


Quality of negotiations will determine whether Greece stays in euro or not, says French Finance Minister

COMPANIES »

Coal India goes on a production overdrive to fuel economy


Rising output shows sharp turnaround in CIL's output

AROUND THE GLOBE »

Wall Street falls as Greece concerns weigh


Stock markets globally fell, but analysts said the declines were less than expected due to expectations that the ECB would act to limit any ...

Narendra Modi, Uzbekistan

ECONOMY AND POLICY »

PM Modi begins six nation tour, arrives in Tashkent


He was received at the airport by his Uzbek counterpart Shavkat Miromonovich Mirziyoyev and his cabinet colleagues

CURRENT AFFAIRS »

A month into Maggi fiasco, instant noodles sales crash 90%


In the aftermath of Maggi controversy, there has been 'increased focus' on packaged food companies, says Assocham

FINANCE »

June quarter earnings: Pressure remains for banks


Credit growth to remain muted & NIMs to be under pressure, with not much improvement in asset quality

BS Poll

Do the latest developments in the Vyapam scam show that BJP is facing a crisis of credibility?

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Derivatives

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Columnists

From Tejas to AMCA
Ajai Shukla

Persistent allegations about the Tejas' performance shortfalls are now being exposed

Do in-app ads work?
Alokananda Chakraborty

Experts say in-app advertising could be the next frontier for digital marketing

Why Grentry augured
Grexit

Omkar Goswami

With the Greeks voting "No", the country's exit from euro zone seems inescapable. Yet, it was inevitable long before the latest drama

What is full employment?
Martin Feldstein

The basic point is that employment can be increased, by removing barriers to job creation and reducing marginal tax rates

BLOGS


The Emergency is not history - it is a warning

This is the problem: a powerful government that believes its anger is right and justified does not need the emergency clause to replicate the ...

All that glitters is not solar

For all the PM's ambitious talk about solar power, there remain significant challenges on the ground

EDITORIAL COMMENT

Thinking big

But the govt should be more careful while setting targets

A shortcut to broadband

Implications of Bharti's tie-up with OneWeb

Financial X-ray

NMDC: No respite in near-term

Realisations under pressure, volumes continue to decline; trend unlikely to reverse: Analysts

Chemical business to aid SRF's sales, margin growth

High entry barriers and expertise in the speciality chemicals business are positives

BOOK REVIEWS

Tracking the Clintons

The Untold Story of How and Why Foreign Governments and Businesses Helped Make Bill and Hillary Rich

Una Galani

Son of Icarus
Una Galani


SoftBank's solar ambitions fly close to the Son

Jeffrey Goldfarb

Bad blood
Jeffrey Goldfarb


Mega-rejections signal M&A's Taylor Swift moment

CompaniesRss icon

Coal India goes on a production overdrive to fuel economy

Core data for May show many sectors have reported good growth. First of a five-part series, beginning today, looks at the reasons for this ...

RIL to offload 3.1% stake in Network18

Offer for sale of 32.5 million shares of Network18 will open on July 8

Mahindra revamps two wheeler business

Discontinues sales of two scooter brands and one motorcycle brand


Tilaknagar Industries soars 20% on buyout report

According to reports, the Kishore Chhabria-controlled Allied Blenders & Distillers has entered the final round of negotiations to acquire a ...

Chhabria's ABD to acquire Tilaknagar Industries

Kishore Chhabria and Amit Dahanukar, CMD of Tilaknagar Industries, are slated to meet in London on Monday to finalise the deal

Four consumer plays to consider

Recent correction in these stocks offers an attractive entry opportunity in select names with healthy growth prospects


RIL to offload 3.1% stake in Network18

Offer for sale of 32.5 million shares of Network18 will open on July 8

Union Bank to open 100 digital branches this year

To tie up with Flipkart & Paytm

Kotak Mahindra Bank gains on FIPB nod to increase foreign investment limit

At 0921 hours, the stock was up 2% at Rs 1,458 on the NSE.


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

Tech Mahindra hits fresh 52-week low

The stock is down nearly 2% at Rs 464, extending its past week's 10% decline on the NSE.

Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990


Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

Markets shrug off Greek drama; recover from day's low

Benchmark indices were up nearly 0.5 per cent, taking cues from the resilience of other global markets

Pharma shares in demand on governmental boost

Marksans Pharma, Elder Pharma, Bliss GVS Pharma, Novartis, Vivimed Labs and Claris Lifesciences were up 5%-20% each.


Mahindra revamps two wheeler business

Discontinues sales of two scooter brands and one motorcycle brand

Maruti's experiment with logo badging not the first in the country

Hyundai Motor India, Maruti's closest competitor in the country has made this a standard practice in many of its models

Bosch employees to protest against sell-off of starter motors unit

Global auto components major planning to either sell-off or seek a partner for a joint venture for its starter motors and generators division


Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT

Neyveli Lignite's Unit- I Of TPS-II expansion qualified for commercial operation

With this, the power generating capacity of NLC has increased from 3,490 Mw to 3,740 Mw

Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner


Mahindra Holidays lines up new projects worth around Rs 600 cr

The company is also considering acquisitions in India and abroad

Indian Hotels delists from London Stock Exchange

The GDRs have been delisted in the light of low trading volume

Never say goodbye

Hotels are wooing a growing band of travel enthusiasts with a range of flexible and lucrative loyalty programmes


Chemical business to aid SRF's sales, margin growth

High entry barriers and expertise in the speciality chemicals business are positives

DJ Pandian resigns as chairman of Gujarat Alkalies and Chemicals Limited

Pandian had retired as Chief Secretary of Gujarat government on May 31

Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well


Coal India goes on a production overdrive to fuel economy

Core data for May show many sectors have reported good growth. First of a five-part series, beginning today, looks at the reasons for this ...

NMDC: No respite in near-term

Realisations under pressure, volumes continue to decline; trend unlikely to reverse: Analysts

Metal shares decline; Hindalco, Vedanta, Jindal Steel hit fresh 52-week lows

At 1137 hours, CNX Metal index was down 1.7% at 2,230, compared to 0.81% decline in the CNX Nifty.


RIL to offload 3.1% stake in Network18

Offer for sale of 32.5 million shares of Network18 will open on July 8

Today's picks- 6 July 2015

Nifty, Bank Nifty, BPCL, Dr Reddy's & Tech Mahindra

OMCs extend rally on drop in oil prices

At 1016 hours, BPCL was up 3% at Rs 929, while HPCL and IOC were up 2% each at Rs 788 and Rs 423 respectively.


LocalBanya partners with Vinculum to automate backend

The portal is aggressively trying to expand beyond Mumbai, Delhi, Pune, Hyderabad & Noida, where it currently operates

MCX inks pact with Christ University to promote research

Will contribute to the development of skill sets, financial literacy, and research in commodity price risk management

SC primes the pump on retail gas pricing, scuttles PNGRB

Major boost for city gas distribution investments


Beyond Business Rss icon

Vijender Singh: Punching above his weight?

For the glamour-smitten boxer, turning pro was the next logical step

Kolkata's crumbling legacy

Group of artists, economists, historians launched a crusade to rescue city's old houses that are part of history, but it's difficult fight

Commodities

Commodity
Price(Rs)
Change
(%)

26336.00
-16
-0.06

3381.00
-139
-3.95

36169.00
+10
+0.03

357.00
-13
-3.51

175.20
-0.9
-0.51

FEATURES

In Depth Rss icon

Good enough for China, but India spurns Arjun

For some inexplicable reason, the army prefers to use Russian armour; Arjun is deployed in only two of its 63 armoured regiments

Apple and Google tempted by cars that can buy morning coffee

BMW, Volkswagen's Audi and Daimler's Mercedes-Benz compete head-to-head on everything from new models to passenger comforts

Start-ups

Rats, cheese and multiplication tables

Jaipur-based start-up Logic Roots aims to teach children math skills through board games

Brand World Rss icon

UMumba gets the eyeballs

The kabaddi league's Mumbai franchise targets Rs 15 crore in sponsorship revenue in season 2

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year