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Budget 2014: Modi's imprint?

More than any corporate lobby or pressure group, the influence of Prime Minister Narendra Modi is the strongest

WEEKEND SPECIAL »

Date with destiny in Brasilia


One has to concede that Germany has looked like the most complete outfit in the tournament

ECONOMY »

Budget has brought clarity in tax policies: FinMin


Revenue Secretary says main focus of the govt was to revive growth

CURRENT AFFAIRS »

US offer for mountain guns 'too expensive'


For years, New Delhi and Washington have negotiated the purchase of 145 M777 howitzers

Around the world »

US budget deficit to come down to $583 billion in 2014


The White House said this is the sharpest drop during the period of Obama administration

Soft drink

COMPANIES »

Soft drink companies to take Rs 600 cr a year hit


Makers likely to pass on additional excise duty burden to consumers; price increase to be 5-10%

MARKETS »

Sensex posts biggest weekly loss since December 2011


The Sensex lost 938 points or 3.6% and the Nifty slumped 292 points or 3.8%

FINANCE »

Budget fails to bring cheer to micro-insurers


Will require financial incentives for intermediaries, say life insurers

OPINION »

COLUMNISTS »


T N Ninan: No shortage of money

one would have expected the new government to re-order spending priorities. Regrettably, it has failed to do so

Mihir S Sharma: Mr Modi's big bet

Yes, there was a vision underlying this Budget - one of intervention, and micromanagement

BS Poll

How would you rate Arun Jaitley's maiden Budget?

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Disappointing  

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Derivatives

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Columnists

No shortage of money
T N Ninan

The new government is full of good intentions about getting investment going

Mr Modi's big bet
Mihir S Sharma

Yes, there was a vision underlying this Budget - one of intervention, and micromanagement

A similar democracy
Sunanda K Datta-Ray

There's not too much difference between Indians and the people of Indonesia - what was once called the Greater India

Some vroom for comfort
Rahul Jacob

As it happened, I fell in love with the nerdy good looks of the Honda Brio (aesthetically, it is a cousin of the Beetle and the Mini)

BLOGS


Why I wish Vishal Sikka never stops blogging
Itika Sharma Punit

Most of what is shared by companies and corporate biggies on social media is more like a 'discourse' than 'communication'

The lull after the storm
Dhruv Munjal

Preliminary matches in the World Cup may have been the most entertaining yet, but things will be different in the business end of the tournament

Weekend Columnists

Sleeping on the job
Malavika Sangghvi

"I have just got official communication that what the Congress VP was doing was something that is aligned to our policy"

Award winning Indian wines
Alok Chandra

Fratelli 'The Glass House' 2011, a classic Bordeaux blend, has been created exclusively for The Glass House, a new 'deli-bistro-bar' in

Financial X-ray

Infosys: High attrition, weak growth are key concerns

Operating margin declines 40 bps to 25.1%, sequential rise in revenue disappoints, besides other worries

BOOK REVIEWS

Bombers' early light

The Arsenal of Democracy, the Ford Motor Company and its production of the B-24 Liberator heavy bomber take centre stage

Edward Hadas

A financial lesson in humility
Edward Hadas


Pope Francis shows mega-banks how to do it

Kevin Allison

Cloud cover
Kevin Allison


Boeing can weather the loss of US Ex-Im Bank

CompaniesRss icon

Tanishq pulls the plug on gold deposit scheme

Set to see jewellery worth Rs 1,000 crore being offloaded within a month's time

Govt plans fresh investment in BSNL, MTNL: Ravi Shankar Prasad

Will invest Rs 39,758 crore for reviving the companies

Infosys signs out of Q1 on stronger note

Margins, volumes spring a positive surprise but attrition at all-time high


Tanishq pulls the plug on gold deposit scheme

Set to see jewellery worth Rs 1,000 crore being offloaded within a month's time

With less day-after smoke, cigarette stocks light up

Sub-65 mm sticks, on which the excise rise is 72%, aren't a major part of volumes for most manufacturers

Amul to sponsor Indian contingent for CWG, Asian Games

Amul has become the Official Sponsor of the Indian team in the category of dairy products


Citibank shines as foreign lenders' net profit ebbs

Emerges as the most profitable foreign lender in India, posts 6% increase in profit to Rs 2,893 cr in FY14

Lakshmi Vilas Bank to raise Rs 505 crore through rights issue

The money would be used to support the future growth

IDFC seen benefiting the most from govt budget

Shares up 11.6% for the week after hitting highest in nearly 14 months yesterday


Wockhardt faces drug alert in UK

Company and regulator working together to investigate deviation

Sun recalled product from US last month

Voluntarily initiated by the company through a letter to USFDA last month under 'Class-II' classification

Pharma shares in demand; Aurobindo surges 5%

Aurobindo Pharma, Wockhardt, Sun Pharma, Ranbaxy, Lupin and Dr Reddy's Lab are up 1-5% on the BSE.


DLF, Phoenix, Embassy look to launch investment trusts

Apart from real estate developers, global investors such as Blackstone and Brookfield also could look at launching Reits

Road developers get relief on imports

They won't need certification from Road Ministry or NHAI for availing customs duty exemption for specified goods

DLF moves SC against Rs 630 cr penalty

In May, COMPAT had dismissed a DLF plea against Rs 630 crore penalty imposed by CCI


Tours get cheaper as govt eases service tax rule

Travel agents are now allowed to claim tax credit and end double taxation

Air India formally becomes 27th member of Star Alliance

The airline will add about 400 daily flights and over 40 new destinations in India

Air India will use Rs 6500 crore to pay debt, pending dues

Over Rs 15,700 crore was sanctioned as equity infusion for the national carrier during 2012-14 under the turnaround plan


IL&FS overseas arm raises 575 million yuan from Chinese debt market

The three-year bonds, floated by the company or ITNL, will fetch a return of 8% to investors

Suzlon bondholders approve FCCB restructuring proposal

Shares of the company were trading at Rs 26.25, up 3.75% on the BSE

Rail stocks continue to extend losses post Rail Budget

Kalindee Rail, BEML, Kernex Microsystems, Stone India and Titagarh Wagons have frozen lower circuit of 5% third day in a row on BSE


Polychem zooms over 90% in one week

The stock has rallied to its record high of Rs 636 from Rs 340 on July 3

Paper Products hits record high on acquisition of packaging firm

The company has entered into a definitive agreement to acquire 100% of Positive Packaging Industries, for a total enterprise value of Rs 818 ...

Integrated textile park proposed in the Odisha

Spread over 50 acres, it will house about 50 textile units


Tata Chem opens Innovation Centre in Pune

Centre will be Tata Chemicals Technology & Innovation hub to incubate and support company's growth

Britannia monetises its land parcel in Chennai for Rs 172 cr

Britannia Industries during last year had called for bids to sell off this land parcel

WITDA wants import duty on tea to be reduced

Not only has there been a shortfall in productivity due to delay in rains, but the quality of tea has also suffered, the body says


Lower duty to fuel demand for branded petrol

Excise duty cut has been a long standing demand of the oil marketing companies

Shell to get 26% equity in Kakinada LNG project

Cabinet decides to raise coal stocks 50 per cent to 209,000 tonne, to procure 2,000-Mw power

Oil & Gas: Duty relief a plus but no big-ticket moves a let-down

The government's plan to bring in PPP to complete the gas grid across the country was viewed positively


Adani's ship recycling project faces legal trouble

PIL alleges flaunting of green norms, Gujarat HC issues notice to APSEZ, others

MCX extends gain as Jhunjhunwala buys 2% stake

MCX has rallied 4% to Rs 708, extending its Tuesday's 4% gain, while FTIL up 3.5% to Rs 264 in early morning deals on the BSE.

Poultry products cost more on high feed prices

Broiler prices up 6%, eggs 17% in July; industry says even these unviable, as input costs set to rise


Economy Rss icon

Telcos stare at Rs 6,000-cr hit on imports

10% Customs duty aimed at boosting domestic manufacturing will impact an industry that imports equipment worth $8-10 bn every year

Commodities

Commodity
Price(Rs)
Change
(%)

28320.00
-176
-0.62

6069.00
-111
-1.8

46015.00
-227
-0.49

250.20
+1.1
+0.44

436.50
-1.05
-0.24

FEATURES

In Depth Rss icon

Can CIL survive the blow from shrinking e-sales?

Spot sales in e-auctions have been a cushion against depleting profitability flowing from CIL's relatively inefficient workforce

Mahindra makes a bold bet on affordable homes

It plans to develop projects on a large scale which will help keep costs down; wants to earn higher returns than in conventional realty projects

Real Estate

Realtors tweak strategy for affordable housing

Margins for developers have fell to 15-20 % in affordable segment

Brand World Rss icon

Darjeeling tea Jungpana

World's favourite cuppa finally brews for India

Darjeeling tea Jungpana, popular with gourmets, will start retailing here

Endemol looks to drive season-based shows

After full-fledged TV-show production, it says finite shows are more profitable

Business Education Rss icon

Indian universities vie for global recognition

Universities and institutes investing heavily on faculty, research and infrastructure for international ranking