COMPANIES »

Snapdeal buys majority in RupeePower


Enters financial services in a first for an e-commerce firm; deal said to be Rs 300 cr

ECONOMY AND POLICY »

Fiscal deficit crossed RE by 17.5% in Apr-Feb


At this point, the deficit had surpassed the RE by 14.3 per cent in the previous year

CURRENT AFFAIRS »

Now, passengers can book rail tickets 120 days in advance


This is expected to cut last-minute rush for reservations

FINANCE »

Govt slashes dividend payment estimates from banks, FIs for FY15


PSB profitability has been under pressure due to low interest income, higher provisioning for stressed loans and an enhanced salary bill

AROUND THE GLOBE »

Foreigners head for exits after Chinese stocks surge


Foreigners sold a net $274 mn of Chinese shares via the Shanghai-Hong Kong exchange link in the week through Monday

MARKETS »

Cap on upfront fee: Distributors fume


Many fund houses yet to come on board; threat by agents to stop selling MFs, some to petition CCI as Sebi stays aloof

PERSONAL FINANCE »

You can time the market with these funds


While the mandate allows them to move to 100% debt, most prefer to hold it to 35% to get equity tax benefits

OPINION »

COLUMNIST »


Ashok K Lahiri: From protest movement to political party

How successfully Arvind Kejriwal manages the issue of inner-party democracy will determine whether the AAP is seen as transforming politics

Editorial Comment »


A recurring dilemma

RBI must respond to sluggish growth

BRAND WORLD »


Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market


ON THE BEAT »


Is Deepika Padukone talking about the right choices?

It's necessary to address the 'caged' mindset of society but it's also important to maintain a balance, writes Aletta D'cruz


Start-ups

Phaneesh Murthy to launch health exchange

Plans to offer online marketplace for drug sellers, platform for digitising patients' records

BS @ 40

Apollo Tyres: Going against tradition

Winning over employee trust and reacting quickly to market demands helped Apollo Tyres move ahead during the uncertain economic environment of ...

BS Poll

Will Deepika Padukone's version of absolute freedom of choice appeal to women?

Yes  
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Can't Say  

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Derivatives

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Columnists

From protest movement to
political party

Ashok Lahiri

How successfully Arvind Kejriwal manages the issue of inner-party democracy will determine whether the AAP is seen as transforming politics

Diversify or perish
A K Bhattacharya

Exports in the first 11 months of 2014-15 were estimated to be $284 billion, a decline over the same period of the previous year

Framing ideas, getting
connected

Vanita Kohli-Khandekar

Ficci-Frames 2015 has started an interesting initiative to get new ideas into the entertainment industry

The new multilateral
financial architecture

Akshay Mathur

The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India

BLOGS


Is Deepika Padukone talking about the right choices?
Aletta D'cruz

While it is necessary to address the 'narrow and caged' mindset of society, it is also important to draw and line and maintain a balance

India's startup ecosystem needs a Sebi of its own, and now!

The lack of a single regulator means that rumours and speculation abound, even in the media reporting on startups

EDITORIAL COMMENT

A recurring dilemma

RBI must respond to sluggish growth

Out of the loop

Policy should address India's low e-commerce readiness

Financial X-ray

Rural themes at risk as ground reality far from rosy

Analysts worry about possible loan waiver, falling sales of 2-wheelers, tractors and consumer products

Margin gains ahead for Pidilite

Improving demand, expansion plans to drive growth

BOOK REVIEWS

1971 relived on the battlefield

The bulk of the accounts in Liberation are drawn from that fortnight of conventional war

A 'corrective' biography of Steve Jobs

Jobs developed a wise, mature, deliberate executive style for which he is seldom given credit, one that helped lead Apple to glorious heights

John Foley

Home help
John Foley


China housing rescue uses right tool for wrong job

Olaf Storbeck

Cheers to the German consumer
Olaf Storbeck


Hefty German wage hikes make ECB's life easier

CompaniesRss icon

SC allows Adani Power to defend compensatory tariff before tribunal

The company wanted higher tariff as the coal imported from Indonesia became costlier

SBI to divest 10% in life insurance venture

Last week, SBI said it would be reducing stake in its general insurance venture from 76 per cent to 51 per cent

Canara Bank to raise funds from LIC

LIC has informed that it is willing to subscribe up to 40 million equity shares, at a price to be determined according to Sebi ICDR regulations


SBI to divest 10% in life insurance venture

Last week, SBI said it would be reducing stake in its general insurance venture from 76 per cent to 51 per cent

Canara Bank to raise funds from LIC

LIC has informed that it is willing to subscribe up to 40 million equity shares, at a price to be determined according to Sebi ICDR regulations

YatraGenie, Sundaram Finance to create 50,000 entrepreneurs

YatraGenie is an online bus ticketing and cab booking platform run by Bengaluru-based Paxterra Software Solutions


Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015

Today's picks- 30 March 2015

Nifty, Bank Nifty, Idea Cellular, Cairn India & Larsen & Toubro

Telecom shares rebound; Idea, Bharti gain over 3%

Idea Cellular surged nearly 5% to Rs 179, while Bharti Airtel up 3.4% at Rs 389 on the Bombay Stock Exchange.


Biocon to file for Syngene unit's IPO in two months

According to sources, the IPO could fetch up to Rs 1,000 cr

12 of top 25 pharma shares rally over 100% in FY15

The list includes Lupin, Ranbaxy, Aurobindo,Natco Pharma, Torrent Pharma, Strides Arcolab and Wockhardt.

What mid-caps to buy?

As valuations of large-caps look stretched and earnings downgrades loom, the market looks at strong mid-caps


SC allows Adani Power to defend compensatory tariff before tribunal

The company wanted higher tariff as the coal imported from Indonesia became costlier

HCC wins Rs 392 crore contract from govt

The project is part of the Special Accelerated Road Development Programme for North Eastern Region

Sadbhav Infra, UFO Moviez get Sebi nod for IPO

Sadbhav Infra, UFO Moviez India to raise Rs 600 cr and Rs 750 cr respectively


Twelve SpiceJet pilots withdraw resignations

This, after the airline resumed timely payment of salaries

Private carriers oppose relaxation of 5/20 rule

Resist suggestion for credit-based norms

Taj Group opens property in Dubai

The group has a total of 128 hotels, resorts and palaces spanning 64 locations in India and 15 international locations in four continents


Margin gains ahead for Pidilite

Improving demand, expansion plans to drive growth

Kiri Industries zooms nearly 100% in two weeks

The board approved allotment of cumulative non convertible redeemable preference shares to Tata Capital Financial Services Limited.

Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015


Today's picks- 31 March 2015

Nifty, Bank Nifty, Tata Steel, BPCL & Hindalco

Jindal coal bid case: Govt report found no proof of cartelisation

Officials say govt has not received fair value for its mine in the bid and there is evidence to prove that

NMDC Nagarnar plant to be ready by Dec 2016

The project is being set up with an estimated outlay of Rs 15,525 cr


Former Amul chairman finally removed from Mehsana dairy union too

Vipul Chaudhary fails to get relief from Apellate Authority, Gujarat govt and High, is directed to quit effective March 30

Godrej e-marketplace for gourmet food soon

Portal will compete with Snapdeal, Flipkart; Group expects it to contribute 15-20% of its online business

Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015


Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market

Wives & daughters join fathers & sons to meet Sebi deadline

Companies have appointed women directors who are family members to ensure compliance with a new norm for having at least one woman director on ...

New LNG policy: No major benefits for Petronet, GAIL

Analysts say these two will have to forgo part of marketing margins and re-gasification rates, restricting the gains


Beyond Business Rss icon

From about 10,000 Afghans in Kolkata in 2001, there aren’t more than 2,000 in the city today. Here they celebrate Eid at the Maidan

New face of the Indian Afghan

Driven out of business by microfinance companies, the Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink

Shanthi Theatre: The screen goes blank in Chennai

The curtains are soon going to fall on Shanthi Theatre, an iconic structure in Chennai from where megastars captured the hearts of the public

Commodities

Commodity
Price(Rs)
Change
(%)

26170.00
-100
-0.38

3029.00
+12
+0.4

37180.00
-286
-0.76

378.35
-6.5
-1.69

166.90
+0.2
+0.12

FEATURES

In Depth Rss icon

Finance Minister Arun Jaitley with RBI Governor  Raghuram Rajan

Policy freedom shrinks for a hamstrung RBI

The process to clip the central bank's wings, which had started during the previous government's rule, is now picking up pace

An IT SEZ in Tamil Nadu

Tamil Nadu's SEZ policy meets its flip side

Long-term leases have meant that many companies are sitting on the land allotted to them without creating any infrastructure

Real Estate

Mumbai realty developers' debt rises

Land purchases and big projects, amid dull sales growth, among the reasons

Brand World Rss icon

Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market

Mondelez to 'Perk' up war with Nestle

The snacking giant ropes in a new brand endorser to create buzz as Nestle's wafer-chocolate brands, KitKat and Munch, grow

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