JAN DHAN YOJANA »

Jan Dhan Yojana starts strong, beats Day 1 targets


Banks open 15 mn accounts, against target of 10 mn; each depositor gets Rs 30,000 life cover

COMPANIES »

Bank FD scam gets bigger, 9 FIRs filed


Total scam in collusion with middlemen is estimated at over Rs 700 cr. Probe is on in 10 more cases

Vijay Kelkar

ECONOMY »

Kelkar panel suggests market-linked gas pricing


'Market-driven pricing will encourage domestic exploration & production'

Around the world »

Sharif nears deal to allow Pak military to dictate India policy


The political chaos in Pakistan and Sharif's weakened status gave the military an opportunity to seek guarantees from the premier

MARKETS »

Markets closed on account of Ganesh Chaturthi


The government will release GDP data for the first quarter later today

Pradip Baijal

CURRENT AFFAIRS »

Baijal charged for 2002 divestment


The then disinvestment secretary and other officials allegedly sold Udaipur ITDC hotel too cheaply to Bharat Hotels

FINANCE »

Hopes of rating upgrade set to strengthen rupee


Growth in India's gross domestic product for the June quarter of 2013-14, as well as for the entire 2014-15, was 4.7%

BS Poll

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Derivatives

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Columnists

Not the only game in
town

Akash Prakash

India needs to up its game, because the other emerging markets are upping theirs

The lone wolf syndrome
Shyamal Majumdar

Modern workplaces may ignore loners but if given time and space, these introverts can come up with ideas that work beautifully

BJP's great leap back on
the nuclear deal

Sunanda Mehta

The party vociferously opposed the deal when in opposition. Now, it appears to be only too keen to embrace it. What has changed?

Build toilets in the
mind first

Bhupesh Bhandari

PM’s exhortation to end open defecation has resulted in two large donations for cause: Rs 100 cr each from the Bharti Foundation and TCS

BLOGS


5 things Narendra Modi can learn from Coca Cola about building toilets
Surajeet Das Gupta

Building toilets is only the beginning and the easiest part of the battle. Water and maintenance are the key challenges

Why capping own ATM usage is not a good idea

Instead of encouraging customers to adopt technology, RBI's latest move may mean more crowding at bank branches

EDITORIAL COMMENT

Lure of lucre

Public-sector banks need robust rewards and penalties

The imperial republic

Over-centralisation in Modi government an unhealthy trend

Financial X-ray

Cairn India: Upsides capped

Limited uptick in near-term production, lower crude prices and fund allocation concerns loom

Street cautiously optimistic on PFC and REC

But companies will be hit if regulators act tough on coal block allocations termed illegal by SC

BOOK REVIEWS

Debating a Handbook

There are eight broad sections: an overview of reform; macro; openness; inclusion; governance; infrastructure; sectors; and factor markets

The nature of divinity

The authors note that both Buddhism and Jainism “being offshoots of the Vedic religion, continued many of the earlier traditions”

Christopher Swann

Out of the Woods
Christopher Swann


Bland Lagarde will escape the Bretton Woods curse

Robert Cyran

In the clouds
Robert Cyran


Snapchat's valuation soars on tech-land pixie dust

CompaniesRss icon

DLF: Legal woes compound weak sales, high debt issues

Momentum in new launches in upcoming festive season will be key event to watch out for

Union Bank files caveat in SC against Kingfisher

Move follows Calcutta HC dismissal of Kingfisher appeal against UBI and upholding of decision to bar the company from being represented by a ...

CCI order to ensure car spare parts mkt is less costly: Chawla

Move follows Rs 2,500 cr fines on auto firms for unfair practice in spare parts and after sales service


Now, Kyndal to bottle Cutty Sark in India, first time outside Scotland

The India-bottled product will be cheaper than the imported one

Wild Stone steps into Fogg's domain with no-gas variant

A previous variant of Wild Stone. With its new launch, Mcnroe will battle HUL Axe Signature and Vini Fogg

Dabur India hits record high on delivery based buying

On August 26, 1.02 million equity shares, representing 90% of the total 1.14 million traded quantity converted into delivery, BSE data shows.


Impediments in India, Myanmar banking ties

However, in the absence of proper banking and financial services, bilateral trade and investments have taken a hit

HC dismisses Kingfisher Airlines appeal

The company got a showcause notice from United Bank of India for alleged wilful default on payment of dues to the tune of Rs 400 crore

Axis Bank, Maruti Suzuki, L&T scrips more than double in a year

While the benchmark index has moved up 48% between 29 August 2013 till date; Axis Bank, Maruti Suzuki and Larsen and Toubro (L&T) have ...


RCom ready with USSD platform for mobile banking

USSD is a technology that provides session-based communication, enabling a lot of applications

Idea Cellular launches mobile wallet service

Service was launched in Mumbai in July and it will be expanded across the country in a phased manner

Airtel partners with Tigo, introduces cross-network money transfer service

Service will be available in Tanzania, company is poised to help deepen financial inclusion in the country


FIIs' Sensex ownership hits record high of 22.5% in June quarter

Top three stocks by value owned by FIIs remained the same -- HDFC, ICICI Bank and Infosys

Tech Mahindra launches national mobile job marketplace

Job seekers can now easily access the service by buying the Saral Rozgar card for Rs 50

Mahindra did not anticipate legal hurdles after Satyam buy

The company and the Enforcement Directorate are locked in an intense legal battle in the Hyderabad High Court


DLF: Legal woes compound weak sales, high debt issues

Momentum in new launches in upcoming festive season will be key event to watch out for

Nitesh Estates surges nearly 7% after inking pact

Nitesh Estates has jumped 7% to Rs 14 on the BSE after the company said it signed a joint development agreement

Supreme court tells DLF to pay Rs 630 cr fine

Turns down firm's plea for stay on CCI order; final order pending


Union Bank files caveat in SC against Kingfisher

Move follows Calcutta HC dismissal of Kingfisher appeal against UBI and upholding of decision to bar the company from being represented by a ...

Baijal charged for 2002 divestment

Accusation is that then disinvestment secretary and other officials sold Udaipur ITDC hotel too cheaply to Bharat Hotels

Interim relief for Kingfisher in payment default case

The bank had issued the notice alleging the carrier had wilfully defaulted payment of dues of more than Rs 770 crore


Axis Bank, Maruti Suzuki, L&T scrips more than double in a year

While the benchmark index has moved up 48% between 29 August 2013 till date; Axis Bank, Maruti Suzuki and Larsen and Toubro (L&T) have ...

Accelerated depreciation move to create 20,000 jobs/yr: Suzlon

Says AD will act as a stimulus for the revival of Indian SME

GVK gets 'green nod' to import coal from SA for Punjab plant

Company is setting up a Thermal Power Plant at Goindwal Sahib tehsil in Tarn Taran district of Punjab


Ramco to set up cement unit in AP

The initial investment in the project will be Rs 1,500 cr

Hydro S&S zooms 75% in four days

The company said, there is no development in the promoter Company and the investor Company which could have any bearing on the price movement of ...

Rollatainers hits upper circuit

The stock has hit a high of Rs 314.40 and a low of Rs 307.05 so far during the day


Centre allows fertiliser production using naphtha

The Cabinet Committee on Economic Affairs has allowed three fertiliser plants to produce urea using naphtha till September-end

Poultry industry misleading public: CSE

Dismisses industry that antibiotic residues in chicken in India are way below international standard

Vijay Mallya's long time business associate comes on board at MCF

Srinivasulu Reddy Magunta is the Chairman of Balaji Group of Industries based in Chennai


TV Today Network zooms over 30% in two days on R K Damani stake buy

On August 27, Derive Investments bought 1.17 million shares of TV Today Network for about Rs 21 crore, the NSE data shows.

Dish TV targets new acquisitions through sports driven packages

In the new channel package options, three of the four packages include all the 11 sports channels available

Eros International and R Balki team up for Shamitabh

Shamitabh, is the third film with the actor-director combination of Amitabh Bachchan and Balki


BPCL arm to build India's first cross-country pipeline

Numaligarh Refineries' project to ensure sustained supply of petroleum products to Bangladesh

ONGC board approves Rs 5,219 cr for Daman gas project

Production from project to commence July 2016 at a peak rate of 8.35 mmscmd of gas and 9,286 barrel of condensate a day

Cairn India: Upsides capped

Limited uptick in near-term production, lower crude prices and fund allocation concerns loom


Economy Rss icon

Northern region staring at a power crisis

NTPC says six of its power plants are facing a huge coal crisis, due to which operations might run at less than half the capacity

Beyond Business Rss icon

Burman dada off key

Sathya Saran's book on one of Bollywood's legendary music directors doesn't quite hit the right note

Wistful in Gulmarg

Gulmarg, once an alpine retreat, isn't what it used to be. But its rolling meadows, wildflowers and deodars are still magical

Commodities

Commodity
Price(Rs)
Change
(%)

28055.00
+275
+0.99

5762.00
+87
+1.53

42366.00
+433
+1.03

244.70
+3.3
+1.37

428.40
-3.4
-0.79

FEATURES

In Depth Rss icon

Stifled by UGC, colleges seek a bigger voice

As UGC seeks to align undergraduate courses in IITs and private and autonomous institutes, the clamour for its reform rises

Raymond Bickson

Slowdown woes get the better of Bickson

Many of Raymond Bickson's achievements at Indian Hotels have been overshadowed by the global economic meltdown that started in 2008

Real Estate

Real estate developers offer discounts to push sales

Discounts up to 15% expected this festive season; analysts expect Oct-Dec period to garner sales of at least 60k units across seven major cities

Brand World Rss icon

Overseas action hots up for Bollywood

The Hindi film industry is stepping up the scale of its overseas releases but not before customising the content

Wild Stone steps into Fogg's domain with no-gas variant

A previous variant of Wild Stone. With its new launch, Mcnroe will battle HUL Axe Signature and Vini Fogg

Business Education Rss icon

University of Southern California

USC in talks with varsities to offer course on supply chain

The course offers a globally-integrated master’s programme on SCM aligned to its mission of networking, education and advanced research