Spot-fixing | ED begins money laundering probe
Enforcement Directorate begins money laundering probe in IPL spot-fixing case, registers criminal case: PTI
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CSK CEO Meiyappan asked to appear before crime branch in Mumbai between 11 am and 5 pm tomorrow
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Spot-fixing | Police summon CSK CEO Guru Meiyappan
Meiyappan is son-in-law of Chennai Super Kings owner and BCCI president N Srinivasan
Rupee weakens below 56 to over 8-1/2 month low
Dollar rallies on the prospect of Fed scaling back its stimulus programme this year
Ranbaxy: Will it ever recover?
There is no denying the fact that the damage to Ranbaxy's brand is huge and may take a long time, if at all, to be repaired
Toyota mulls launching more small cars, compact SUVs in India
The company has already announced that globally it would launch 18 hybrid vehicles by 2015
Shashi Kant Sharma sworn in as CAG
The 61-year old 1976 Bihar cadre IAS officer replaced Vinod Rai, who superannuated yesterday after a five-and-a-half year eventful tenure
WB govt decides to take over 2 TV channels of Saradha Group
The state govt would provide Rs 26 lakh from the CM's relief fund to run the channels
GM recalls more than 27,000 Cadillac crossovers with wheel issue
The recall by the largest U.S. automaker affects certain 2013 Cadillac SRX models equipped with 18-inch wheels
Latest News
- Wockhardt says FDA alert affects potential sales of $100 million
- Tapering linkage for OPGC stuck with coal ministry
- Subbarao went against panel suggestion of no repo rate cut in May
- India issues new norms for API exports to Europe
- Vedanta raises $1.7bn via bonds;to repay part of Cairn debt
- UP education sector has maximum public corruption: Lokayukta
- GoM nod for merging of 147 central schemes to 70
- Essar Projects bags $80 mn contracts
- RCom offers mobile connection to Aadhar holders
- Moody's analytics skeptical of India's growth bottoming out
Market News
- Wockhardt tanks 20% on heavy volumes
- Indian market infrastructure among world's best: Sebi Chairman
- Mutual Funds garner over Rs 70,000 cr from investors in FY13
- SBI dips on disappointing Q4 earnings
- Jet Airways falls after huge block deals
- Web Special: Ten stocks to sell from Midcap space
- Markets slump after sell off in Japan, Nikkei down 5%
Corporate Results
L&T Q4 net down 7% to Rs 1,788 cr on high finance costs
However, results show strong revenue and order growth, especially abroad
IPL 6: Full coverage
Rajasthan Royals beat Sunrisers by 4 wickets
Brief Score - Sunrisers Hyderabad: 132 for 7 in 20 overs; Rajasthan Royals: 135 for 6 in 19.2 overs
People
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Kirloskar Oil | 192.45 | 664460 | 11.21 |
| Oracle Fin.Serv. | 2660.10 | 213018 | 8.92 |
| Jyothy Lab. | 183.20 | 63561 | 4.99 |
| Indian Infotech | 15.80 | 451767 | 4.64 |
| Bombay Rayon | 242.80 | 102531 | 2.97 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Balmer Lawrie | 388.75 | 9739 | -43.17 |
| Wockhardt | 1315.25 | 206693 | -20.00 |
| Unitech | 25.20 | 7262490 | -10.95 |
| Crompton Greaves | 97.30 | 1102712 | -10.20 |
| H D I L | 50.75 | 7484758 | -9.94 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| REI Agro | 13.40 | 507154 | -1.25 |
| United Phosp. | 156.95 | 292305 | 0.90 |
| Castrol India | 340.05 | 53808 | -0.85 |
| Sun Pharma.Inds. | 1006.55 | 190339 | 0.46 |
| Berger Paints | 244.20 | 116853 | -1.85 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Balmer Lawrie | 388.75 | 9739 | -43.17 |
| Solar Inds. | 881.00 | 6981 | -1.81 |
| Novartis India | 502.80 | 13611 | -6.77 |
| Wyeth | 784.70 | 1069 | -1.80 |
| Bombay Rayon | 242.80 | 102531 | 2.97 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Oracle Fin.Serv. | 2661.00 | 734166 | 8.90 |
| Bombay Rayon | 241.10 | 173043 | 2.33 |
| Marico | 223.75 | 305647 | 2.15 |
| Colgate-Palm. | 1437.90 | 149266 | 1.82 |
| Carborundum Uni. | 129.90 | 513304 | 1.72 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Balmer Lawrie | 388.50 | 18025 | -43.31 |
| Wockhardt | 1313.80 | 1108564 | -20.00 |
| Unitech | 25.20 | 58287168 | -10.95 |
| Reliance Infra. | 366.60 | 4637182 | -10.20 |
| Crompton Greaves | 97.30 | 6677512 | -10.20 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| REI Agro | 13.35 | 1410018 | -2.20 |
| United Phosp. | 157.25 | 3574047 | 1.09 |
| Castrol India | 340.45 | 220706 | -1.00 |
| Sun Pharma.Inds. | 1006.00 | 1269829 | 0.41 |
| Berger Paints | 244.95 | 497966 | -1.88 |
| Company | Price (Rs) | Volume | Chg (%) |
|---|---|---|---|
| Balmer Lawrie | 388.50 | 18025 | -43.31 |
| Bombay Rayon | 241.10 | 173043 | 2.33 |
| Wyeth | 781.90 | 2430 | -2.24 |
| Monnet Ispat | 174.25 | 6594 | -2.71 |
| MOIL | 205.45 | 75818 | -3.88 |
Derivatives
International Markets
Opinion
Columnists
Lessons from Dhaka
Claude Smadja
The Rana Plaza tragedy might have a significant impact on globalisation's race to the bottom
Sweatshop nations
Kanika Datta
Since jobs are the first shaky step on the long road to poverty reduction, the sweatshop will remain a grim reality in poor countries
South Asia: All in one
T S Vishwanath
A unified community will help cross-border investments across nations
Of future shocks and global complexities
Pratip Kar
Having acquitted itself creditably in its first 25 years, India's first independent statutory regulator for the financial sector needs to ready ...
BLOGS
Best among equals
Katya Naidu
Profitable infra firms are complaining about being treated on par with loss making ones
Why pay parity alone may not help retain temp staff
M Saraswathy
The parity usually comes without any increments and bonuses, and with fewer leave benefits
EDITORIAL COMMENT
Positive strokes
Li Keqiang said the right things, but India should be cautious
Dropping the cost
Let gas prices be benchmarked to coal
Financial X-ray
L&T: Q4 numbers disappoint, but valuations don't
Company has historically traded at 28% premium to the Sensex but now valuations on a par with the benchmark
Colgate: P&G's toothpaste foray will raise competitive pressures
While analysts expect relatively lesser impact for Colgate, high stock valuations will cap further upsides
BOOK REVIEWS
Inside America's war on terror
A Pulitzer Prize-winning journalist provides a rivetting ringside view of the transformation of America's national security establishment after ...
Companies
India issues new norms for API exports to Europe
The new law requires a written official confirmation that the API has been made as per EU Good Manufacturing Practices
Vedanta raises $1.7bn via bonds;to repay part of Cairn debt
Firm claims this is one of the largest corporate high-yield bond issuances out of Asia ex-Japan
RCom offers mobile connection to Aadhar holders
Customer won't need to submit photocopy of Aadhar documents; details will be verified via biometric device connection with Aadhar server
Emami bags two international awards for packaging
The two awards were for Himani Navratna Cool Talc in Health & Beauty category and Menthoplus Balmin in Pharmaceutical & Medical category
Innovation factory
Starting with watches, Titan Industries has forayed into jewellery, youth-focused accessories and eyewear
We believe in delivering value by creating brands: Bhaskar Bhat
Interview with Managing Director, Titan Industries
SBI chairman says challenge in mid and small companies continue
The lender is reeling under bad debt of 4.75%, the highest among Indian banks, and restructured nearly $1.5 billion loans in January-March ...
Dentsu picks up Network18's stake in Webchutney
Network18 continues to divest its holdings in non-core businesses for monetising investments
SBI Q4 net profit falls 18.5%
Profit dragged down by lower interest income and higher provisions for loan losses
RCom offers mobile connection to Aadhar holders
Customer won't need to submit photocopy of Aadhar documents; details will be verified via biometric device connection with Aadhar server
RCom tries to get back into the game
The company wants to woo post-paid customers and rent out its assets to cut debt; will the strategy work?
Airtel slides as peers rise in global brand ranking
Airtel is 89th this year, down 18 ranks from last year, in the Top 100 Global Brands report by WPP Group company Millward Brown
Oracle Financial Services rallies on strong response for OFS
The promoters had received bids for 17.34 million shares against 4.43 million shares offered for sale.
Oracle Financial to raise up to $181 million through share sale
It has fixed the floor price at Rs 2,275 per share for the issue which launches on Wednesday
Tech Mahindra rallies on Q4 earnings beats analyst forecasts
Q4 profit up 37% at Rs 377 crore on sequential basis on the back of acquitsions and new deals.
India issues new norms for API exports to Europe
The new law requires a written official confirmation that the API has been made as per EU Good Manufacturing Practices
Wockhardt tanks 20% on heavy volumes
A combined 1.16 million shares have changed hands and there are pending sell orders for 372,359 shares til 1503 hours.
Ranbaxy: Will it ever recover?
There is no denying the fact that the damage to Ranbaxy's brand is huge and may take a long time, if at all, to be repaired
Daimler rolls out Fuso truck for exports from Chennai unit
Firm plans to tap markets in Sri Lanka, Asia and Africa; Trucks won't be sold in India
Ssangyong receives 80 billion won from Mahindra
Money in lieu of the new shares offered to the Indian firm
Fairfield Atlas at record high, stock zooms 120% in three months
The company's delisting offer opened on Wednesday, May 22 and closes on May 27.
NHPC's Teesta project starts commercial operation
NHPC's current installed generation capacity is 5,300 MW
Realty, Infra shares witness sell off, Realty index slumps 6%
Unitech, HDIL, Jaiprakash Associates, Reliance Infrastructure, Indiabulls Real Estate and DLF are down by over 7% on BSE.
Puravankara Projects dips on fixing floor price for share sale at discount
The company proposed to issue up to 21.57 million equity shares to institutional investors fixes floor price of Rs 80 per share.
NIIT net drops 76% in FY13
NIIT posted a net revenue of Rs 961 cr in FY13 vs Rs 1,260 in the previous fiscal
Sebi, CCI seek clarity on Jet-Etihad deal; may suggest changes
Both raise questions about certain contours of deal that indicate a larger control of Etihad in Jet despite purchase of only 24% stake
Jet Airways falls after huge block deals
About 25.15 million shares representing 29.54% of total equity of Jet Airways changed hands at price of Rs 566.35 per share.
BHEL dips ahead of Q4 earnings today
BHEL is likely to post 24% yoy decline in its net profit at Rs 2,575 crore for Q4FY13, says analyst at Angel Broking Research.
L&T extends fall on disappointing Q4 earnings
The company has removed Rs 17,000 crore worth of projects from the order book; it also categorised works worth Rs 5,000-6,000 crore as "slow ...
L&T Q4 net down 7% to Rs 1,788 cr on high finance costs
However, results show strong revenue and order growth, especially abroad
Siyaram Silk Mills expands retail biz, inks 27 franchise pacts
Firm aims at signing 90 deals by FY14-end, eyes 500 outlets in next four years
BCCI chief's kin comes under a cloud
India Cements stock cracks as betting accused names Chennai Super Kings CEO
Jai Corp looks to get out of Navi Mumbai SEZ
This is part of Jai Corp's efforts to raise funds as the investors of its real estate funds are increasingly demanding returns
Vedanta raises $1.7bn via bonds;to repay part of Cairn debt
Firm claims this is one of the largest corporate high-yield bond issuances out of Asia ex-Japan
JSW Steel's Q4 net drops 62%
Fall due to higher interest, depreciation attributed to 3 million tonne expansion project
India copper smelter closures put cable makers in tight spot
The Sterlite and Birla smelters account for about 90 per cent of India's total copper output of 690,000 tonnes
Nestle India hits new high
The stock has outperformed the market by gaining 8% post Q1 earnings compared to 2.3% rise in benchmark Sensex.
Nestle plans Punjab milk unit expansion
Dairy major Nestle India today said it will invest Rs 250 crore on expansion and modernisation of its existing milk plant at Moga in Punjab
GSK Consumer tanks after surging 26% in one week
The stock has surged 15% in two trading sessions after MSCI included the company in its index.
Zee Entertainment: Positives factored in
While subscription revenue growth is expected to remain strong, subdued ad revenue growth and rich valuations limit upsides
Ad revenues will rise on better price realisations: SL Narayan
Interview with CFO, Sun group
Zee Entertainment Jan-Mar profit rises 10.7%
For the financial year ended in March 2013, ZEEL posted a profit of Rs 718.15 compared to Rs 590.71 crore in 2011-12 fiscal
Reliance Jio to roll out 4G services in metros by March
To invest Rs 7,000 cr over 2-3 years to launch services in eastern, northeastern states
BPCL, HPCL, IOC tank on new fuel policy concerns
HPCL and BPCL have dipped 6% each, while IOC is down 5% on BSE.
HPCL aims to restart 60,000 bpd fire-hit Vizag crude unit
The crude unit was shut on May 16 following a fire that hit a pipeline attached to the unit.
Voltas: Hopes of recovery dashed
Voltas is feeling the heat of economic and investment slowdown, both in the domestic and international markets
Adani Enterprises posts standalone net loss in Q4
Standalone income in fourth quarter surges by 130 per cent to Rs 3,587 crore
Gas distribution bids for seven cities to be cleared soon
Adani, GSPC, EIL and Gail Gas to benefit
Economy
Export parity pricing: Finance, oil ministries to await Parikh panel report
Parikh committee has been entrusted to submit its report within next two months
Personal Finance
Why investments in sector funds should be timed well
The choppiness in sector funds has increased. Hence, investors must take all precautions to get their timing right
Finance
Managing state govt debt to be tough in FY14, says RBI
Says states should focus on expenditure compression
Current Affairs
Lok Ayukta indicts Sheila for misuse of public money
He also recommended to the President to "advise" Dikshit to reimburse either herself or through her party a sum of Rs 11 cr
International
Microsoft unveils Xbox One with Spielberg, Activision tie-up
The new device interacts with a television, responds to voice and gesture commands, and includes Skype video calling
Technology
Cyber frauds: Experts blame banks; banks find faults with clients
Banks put the cyber crime under the carpet and I haven't seen a single bank complaining ...
Beyond Business
Aishwarya Rai Bachchan to join Madonna at London concert
Rai, who will be joined by actor husband Abhishek Bachchan, has been confirmed as a celebrity presenter at the Chime for Change event on June 1
Asthma linked to increased risk of sleep apnea
They found that patients who had asthma were 1.70 times more likely to develop sleep apnea after eight years
Commodities
FEATURES
In Depth
RCom tries to get back into the game
The company wants to woo post-paid customers and rent out its assets to cut debt; will the strategy work?
What the Tata Steel write-off reveals
There are too many extraneous as well as internal factors working against Corus
Real Estate
Akshaya Tritiya leaves real estate firms idling by
Even buyers have not been showing much enthusiasm in booking properties, due to high prices and the overall lacklustre economic environment
Brand World
Marquee brands set to jazz up fashion street
Entry of H&M, Gap and Uniqlo will change the game for casual-wear chains in India
Patented drugs find it tough to get branded
While heritage medicine brands continue to top best-selling lists, newer discoveries for complex ailments face the heat with high pricing
Business Education
Pvt B-schools up the ante against AICTE's regulations
To approach HRD minister and apprise him of the hurdles before them
Cheery city runner
Ford's EcoSport compact SUV has designer looks and comes loaded with innovative features. Does it have the mojo to beat its competitors?
Feather-touch ride
BMW's new 6 Series Gran Coupe is not just seductive and haute - its ride quality is better than its badge siblings'
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