MARKETS »

Sensex below 27,000; Pharma shares drag


The 30-share Sensex is down 127 points at 26,963 and the 50-share Nifty has shed 44 points at 8,077.

THE STRATEGIST »

Best of both worlds


Omni-channel is not just a buzzword; it represents a fundamental shift in the retailing experience

COMPANIES »

Tech Mahindra on track to touch $5-bn revenues by FY17


Executive Vice Chairman Vineet Nayyar says acquisitions were always static and strategic in nature and were not aimed at getting more revenues

ECONOMY »

Consolidated statements: Govt might give firms one more year


Relief would only be for unlisted companies; listed ones already have to prepare statements once a year

Around the world »

Nearing growth goal but need more from Europe: G20


The proposals to lift global growth will now go for formal approval at the summit of G20 leaders in Brisbane in November

Mars

CURRENT AFFAIRS »

Mars orbiter mission enters last leg


With 48 hours left for the insertion, India will be the first country to enter the Mars orbit on a maiden mission if it succeeds

PERSONAL FINANCE »

Why diesel cars still make sense


The price differential between diesel and petrol has narrowed. But there are still enough reasons to opt for the diesel variant

OPINION »

COLUMNIST »


A K Bhattacharya: The small route to big success

The recent notification on foodgrain procurement shows Modi is relying more on incremental reforms rather than big-bang moves

Subir Gokarn: Global silver linings

The macroeconomic environment is looking better and likely to stay that way

BS Poll

Should India trust China's commitment to resolve border & visa disputes?

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Derivatives

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Columnists

Global silver linings
Subir Gokarn

The macroeconomic environment is looking better and likely to stay that way

The small route to big
success

A K Bhattacharya

The recent notification on foodgrain procurement shows Modi is relying more on incremental reforms rather than big-bang moves

Despite jitters, markets
stay headstrong

Devangshu Datta

The Indo-Chinese relationship remains on thin ice, but the markets have recovered on account of positive developments elsewhere

Building green sense
Sunita Narain

The building sector is a major contributor to climate change and local environmental destruction because of construction materials used

BLOGS


The plight of the ordinary Kashmiri
Kavita Chowdhury

Besides the floods, Kashmiris also had to fight the indifference of authorities

Charge of the God brigade
Joydeep Ghosh

Whether it is chanda or music, the festival season can do with less action

EDITORIAL COMMENT

Test of nerve

Border issues overshadow India-China summit

Another online frenzy

Was Alibaba really such a great bargain?

Financial X-ray

Fall in raw material costs to impact FMCG earnings

Analysts expect earnings growth to accelerate in the coming quarters and gross margins to increase

New deal wins boost Wipro's prospects

Dollar revenue growth this fiscal is likely to be better than in the past two; analysts believe it could match industry revenue growth in FY16

BOOK REVIEWS

Mr Kissinger's world order

Henry Kissinger’s latest book World Order is probably one of his most magisterial works in recent years

Kyunkii writer bhi kabhi fan tha

The Kingdom of the Soap Queen does not give you a sense of who the queen really is, her personality, how she thinks

Robert Cyran

Or Cassim?
Robert Cyran


Magic word greed opens $228 billion Alibaba valuation

Neil Unmack & John Foley

Executive risk
Neil Unmack & John Foley


GSK graft case raises risk for executives in China

CompaniesRss icon

Sebi seeks fresh info on Reliance-Network 18 deal

RIL says Sebi has not asked for revision of offer price, expecting clearance soon

Tech Mahindra on track to touch $5-bn revenues by FY17

Executive Vice Chairman Vineet Nayyar says acquisitions were always static and strategic in nature and were not aimed at getting more revenues

SMS Pharma to shift focus to AP

The company is planning to gradually scale down production at its units in Telangana


Sebi seeks fresh info on Reliance-Network 18 deal

RIL says Sebi has not asked for revision of offer price, expecting clearance soon

SBI associate banks to raise Rs 33,000 cr capital in next 5 yrs

Part of the fund would be raised by the market while remaining would be provided by SBI itself

UCO Bank mulls tagging KFA a wilful defaulter

The state-run bank has an exposure of about Rs 300 crore to the airline


MTNL not to infuse any fresh equity into Nepalese venture

MTNL has also proposed to sell its stake in the venture that seems commercially unviable

GSM players add 55.4 lakh users in August: COAI

Idea Cellular added the maximum number of users in August with 17.2 lakh subscribers

Airtel may have to pay Rs 436 cr for merging Qualcomm 4G arm

The company is moving from its present permit to new licence for which it has to pay differential spectrum cost and migration fee


Tech Mahindra on track to touch $5-bn revenues by FY17

Executive Vice Chairman Vineet Nayyar says acquisitions were always static and strategic in nature and were not aimed at getting more revenues

Infosys inks largest office lease deal in Poland

The company has signed a contract with commercial real estate developer Skanska Property

New deal wins boost Wipro's prospects

Dollar revenue growth this financial year is likely to be better than in the past two; analysts believe it could match industry revenue growth ...


SMS Pharma to shift focus to AP

The company is planning to gradually scale down production at its units in Telangana

Govt caps prices of 36 more drugs

Ranbaxy, Cipla, Cadila Healthcare among companies that will be affected

Biocon gains on stake sale in research unit to Silver Leaf Oak

The stock up 2.5% at Rs 512 on National Stock Exchange.


Bosch: Strike enters 4th day, union seeks govt intervention

The workers are on an indefinite strike since Tuesday seeking resolution for their charter of demands including wage issues, medical benefits

The humble moped is on an upswing

TVS sells more of these in a month than either its own scooters or motorcycles or of competitors' entry-level bikes

Amara Raja wants to pay promoter entity upfront for 99-yr lease

Proxy firm says deal one-sided; recommends that shareholders vote against it


CERC asks JP Power to expedite Karcham Wangtoo tariff petition

Direction from the Central Electricity Regulatory Commission came after the utility sought withdrawal of provisional tariff petition related to ...

Parsvnath sells 140 acres of land to Supertech for Rs 665 cr

The move is part of Parsvnath's plans to divest non-core assets to cut debt and complete ongoing projects

Aptel rejects Tata Power's appeal against April 2013 compensatory tariff order

Refuses to condone delay in filing of appeal after over a year


Archies zooms after private firm buys 2 lakh shares

Torero Capital Private Ltd acquired 200,000 shares of Archies at an average price of Rs 30.20 per share on NSE

Jet expands foreign base, adds new Gulf routes

The airline reported a record loss of Rs 4,129 cr in 2013-14 and the expansion is part of its revival strategy

SpiceJet flies fuller in Aug, market share dips

It might be facing serious financial problems but last month, SpiceJet claimed it had become the second largest airline, based on market share ...


GMR's legal costs soar by 85% over Male Airport

Arbitration had ruled that GMR was wrongfully evicted from handling 25-year contract at Maldives International Airport

Nepal okays GMR's $1.4-bn hydel unit plan

No clarity on equity funding structure

BHEL adopts a two-pronged strategy of focusing on EPC

Company is exploring 'collaboration opportunities' in certain foreign countries to bolster export business


Sutlej Textiles shuts fabric division to focus on home textiles

Company to expand manufacturing capacity of home textiles from existing 2.5 mn metres to 9.6 mn metres

Future Retail gains as MSA (Singapore) acquires stake

MSA (Singapore) acquired over 26 lakh shares of Future Retail at Rs 120.18/share

Market rally rejigs cement, pharma pecking order

Shree Cement beats ACC in market value, Lupin ahead of Dr Reddy's Labs


Hindustan Copper to diversify into downstream products space

Company is into advanced negotiations with a closely held firm, will buy more than 26%

JSW has handful of potential targets on radar for acquisition

Company has already submitted the final binding bid to acquire some assets of Italy's Lucchini

Coal to power cos may get costlier

Coal India may be allowed to trade-off its e-auction cut with a higher price in fuel supply deliveries


RCF looks for partner to build fertiliser plant in Iran

The project is expected to materialise after sanctions against Iran are lifted

Hatsun Agro rises on preferential share issue plans

The company's board will meet on Sep 23 to consider issue of share on preferential basis

Many rerating cues for UPL

Product launches, presence in high-growth markets and lower debt should help it improve revenue, earnings growth


Zee Entertainment hits 14-year high on entry into Nifty

The stock hit high of Rs 317, its highest level since June 2000, on National Stock Exchange.

Zee Entertainment up 7% ahead of Nifty inclusion

Zee Entertainment will replace United Spirits in the 50-share Nifty from September 19.

Zee Entertainment up on brokerage upgrade

Kotak has upgraded the stock to 'add' with target of Rs 315 and the stock will be included in Nifty from Sep 19


Beyond Business Rss icon

Inside Aladdin's cave

With its rock music, rocky caves and eclectic cuisine, Shillong promises serenity and touristy chaos, all at the same time

Movie Review: Daawat-E-Ishq is not quite a feast

With witty dialogues and adorable characters, Daawat-e-Ishq almost makes the cut, but a lopsided storyline lets it down

Commodities

Commodity
Price(Rs)
Change
(%)

26504.00
-155
-0.58

5606.00
-39
-0.69

39650.00
-1284
-3.14

420.75
+0.2
+0.05

138.05
+1
+0.73

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For Mamata, Right is the new Left

With BJP making inroads in Bengal and with allegations of impropriety in Saradha scam dogging her, Mamata Banerjee finds her popularity slipping

Prasan Firodia with the Force Gurkha

Force Motors prepares for life after Bajaj exit

The company is strengthening its distribution network, forging alliances with global manufacturers and betting on exports to boost sales

Real Estate

How about investing in smaller cities?

There are good reasons, such as lower costs and better quality of life, for companies and individuals moving to places beyond the metros

Brand World Rss icon

Salman Khan

Salman savvy helps his brand's chequered past

By ensuring year-round visibility, in cinemas, on the small screen and the internet, and regulating his fee, Khan has maintained his masstige ...

For a perch in brands' minds

Twitter, the US-based networking platform, ramps up its pitch to Indian advertisers but will they buy?

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Germany emerges among top education destinations for Indians

Better immigration rules and low cost of education big draw