MARKETS »

Markets have a subdued opening; Nifty hovers around 8,300


At 9.20, the Sensex is quoting at 27512, higher by 70 points and the Nifty is at 8311 , up six points.

EARTHQUAKE JOLTS NEPAL »

India steps up relief measures


Evacuation efforts have been extended to the road route in addition to the air route

THE STRATEGIST »

Should e-commerce firms jettison websites altogether?


Should you go mobile first or mobile only? Here are the answers to questions bothering e-commerce bosses

COMPANIES »

Ratan Tata picks up stake in Xiaomi


Phonemaker declined to disclose deal value

ECONOMY AND POLICY »

Lenders seek govt help to get back dues from DMRC


Axis Bank-led consortium writes to urban development ministry for termination payment of Rs 1,700 crore

AROUND THE GLOBE »

Volkswagen chief Piech ousted in power struggle


Volkswagen says that 'the mutual trust necessary for successful cooperation no longer exists' on the supervisory board

CURRENT AFFAIRS »

Food act provision could now entitle one to allowance if grains are not received


A rough calculation shows a beneficiary will get around Rs 80.60 per month for not getting the prescribed 5kgs

OPINION »

COLUMNIST »


Nitin Pai: How much does India really spend on defence?

No one really knows what proportion of the nation's wealth and income are available for defence

Editorial Comment »


Nepal quake highlights poor urban planning in India

India has adapted lax construction methods of much safer lands instead of Japan's

BS Poll

Does Infosys still make an attractive buy after the Q4 results?

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Columnists

How much does India
really spend on defence?

Nitin Pai

No one really knows what proportion of the nation's wealth and income are available for defence

Planting trees for
development

Sunita Narain

Today, the poorest people of India live in richest forested lands. We need to move beyond conservation to sustainable mgmt of resource

The Greek tragedy: Final
act?

Abheek Barua & Bidisha Ganguly

Markets are underestimating possible repercussions. Greece's exit from currency union, however well managed, is unlikely to be orderly

Watch debut marks a new
retail strategy for
Apple

Tim Higgins, Jing Cao & Amy Thomson

This time, there weren't long lines of faithful gadget lovers waiting for hours & days to buy the latest product from Cupertino

BLOGS


Remembering passwords, a pain!

Like it or not, passwords control you, not the other way round; and they're only increasing in number

Can getting an ATM PIN cost you Rs 300? It's possible!

It can if your debit card belongs to a PSU bank

EDITORIAL COMMENT

Nepal quake highlights poor urban planning in India

India has adapted lax construction methods of much safer lands instead of Japan's

Indian strategic oil reserve long overdue

Better this is being done now when crude oil prices are low and construction activity is muted

Financial X-ray

Infy's Q4 revenue growth lags peers

Sets ambitious 10-12% growth target for FY16 and $20 bn by 2020

L&T Finance: Potential for re-rating

Inexpensive valuations, strong growth prospects and improving return ratios have made most analysts bullish

BOOK REVIEWS

Cheques for the Clintons

Clinton Cash is proving the most anticipated and feared book of a presidential cycle still in its infancy

Living through civil war

The book is a remarkable work of narrative non-fiction born of five years of reportage by a political journalist

Antony Currie

Belly up to the deal
Antony Currie


M&A advice can be seen clearly with beer goggles

Richard Beales

Shaw thing
Richard Beales


Google's Schmidt again plays adult in DE Shaw buy

CompaniesRss icon

United Spirits, Vijay Mallya set for a lengthy legal battle

Were they sleeping till now? retorts Mallya, as he and United Spirits get set for a lengthy legal battle

Vedanta eyeing minority stake in Electrosteel Steels

Electrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than Rs 6,000 crore

Ratan Tata picks up stake in Xiaomi

Phonemaker declined to disclose deal value


United Spirits, Vijay Mallya set for a lengthy legal battle

Were they sleeping till now? retorts Mallya, as he and United Spirits get set for a lengthy legal battle

Top 9 Sensex firms lose over Rs 1 lakh crore in m-cap

Sun Pharma, Infosys take biggest hit; TCS is the sole gainer

Titan Eye Plus to open 60 new outlets this fiscal

Firm is also looking at increasing distribution of in-house brands, Fastrack and Glares, this year


FIIs hike stake in HDFC to record high of nearly 80%

The mortgage financier is also the first listed Indian company among 30 Sensex firms to have 80% shareholding by FIIs

Govt renews search for five PSU bank chiefs; norms relaxed

Age limit increased to 57 years, from 55, mandatory board-level experience reduced to one year, from three

Govt may add two new criteria for fresh fund infusion in PSBs

Special consideration for banks with international branches, those with operations in eastern belt


Ratan Tata picks up stake in Xiaomi

Phonemaker declined to disclose deal value

Telecom operators slash call rates to quake-hit Nepal

MTS India to charge calls at a rupee a minute, compared with normal rate of Rs 7-12, Tata teleservices to charge 1p per sec

No works at DoT without advance payment: BSNL to staff

According to BSNL employee union representatives, unpaid bills for services rendered are said to be over Rs 300 crore


Top 9 Sensex firms lose over Rs 1 lakh crore in m-cap

Sun Pharma, Infosys take biggest hit; TCS is the sole gainer

Suven gets fresh product patents overseas

Suven has a total of 21 granted patents from Australia, 15 from Europe, 16 from Hong Kong, 4 from Israel and 5 from Norway

Innovision Healthcare set to raise Rs 35 crore

Herbal health care products maker is in talks with a clutch of strategic investors


Goodyear looking at India with 'renewed interest'

Goodyear, which entered the Indian market in 1922, has two manufacturing plants at Aurangabad in Maharashtra and Ballabgarh in Haryana

Car exports from India decline 1.66% in 2014-15

Decline mainly due to country's largest car exporter Hyundai Motor slipping 18% in its overseas shipments

DLF to remain in Group A category: BSE

Exchange to also move United Spirits, GATI and JK Tyre to Group A, will drop Ranbaxy and ING Vysya Bank


NTPC's Lara project lands in trouble

The mega power project of the National Thermal Power Corporation (NTPC) coming up in Lara of Raigarh district had landed in trouble with people ...

IL&FS Engg bags Bangalore Metro contract worth Rs 327 cr

The contract involves construction of elevated structures (viaduct) of length of 3.945 km and is to be completed in 27 months

NTPC signs PPA for phase 1 of 1,000 mw ultra solar project with AP discoms

This is Ph I of 1,000 Mw ultra solar power project being set up by company


Sapna Infoway plans to raise Rs 60 crore

The company is one of the largest exporters of vernacular language books from India

Jhunjhunwala sells Rs 67-cr worth shares in Sterling Holidays

Investor Rakesh Jhunjhunwala has sold majority of shares held in leisure hospitality and Vacation Ownership company Sterling Holiday Resorts ...

DLF to remain in Group A category: BSE

Exchange to also move United Spirits, GATI and JK Tyre to Group A, will drop Ranbaxy and ING Vysya Bank


Vedanta eyeing minority stake in Electrosteel Steels

Electrosteel has been under corporate debt restructuring scheme since 2013 with a debt of more than Rs 6,000 crore

LED market bullish on high adoption ratio

Rise in adoption on back of strong push towards sustainable lighting solutions

Set up evacuation mechanism, rail infra for 1 bn tonne coal: panel

Committee says Coal India has undertaken a few major infrastructure projects to be executed by Railways


India plans to set up urea plant in Iran: Govt

RCF, GSFC and GNFC appoint SBI Caps for advisory and due diligence services to find an Iranian JV partner

Rallis: Growing seed, agrochemical portfolio provides zing

While seeds business continues to do well and new agrochem products should drive growth and margins, a weak monsoon could take away some sheen

Market Watch: 15 stocks to watch in trade on Thursday

Biocon, HDFC Bank, Cairn India, M&M Financial, Clariant Chemicals and Rallis India likely to react to newsflow


Today's picks- 23 April 2015

Nifty, Bank Nifty, Tech Mahindra, Cairn India & Zee Entertainment

Dish TV: Strong signals

The company is on course to improving profitability but any move to expand smaller recharge options to subsidise set-top box charges by ...

UFO sets IPO price band at Rs.615-625

Offers open to the public from April 28 to April 30


Top 9 Sensex firms lose over Rs 1 lakh crore in m-cap

Sun Pharma, Infosys take biggest hit; TCS is the sole gainer

Crude oil slump: Cairn exits Lanka

Cairn has already slashed its capital expenditure to $500 million from $1.2 billion earlier

Cairn India rebounds from 52-week low

The moved higher by 3% to Rs 221,bouncing back 9% from its 52-week low of Rs 202 touched on the NSE in early morning trade.


Crisil erases early gains on profit booking

The stock rallied nearly 17% on the NSE in early morning trade after it announced share buyback plan.

CCI closes anti-competitive case against Gujarat Gas

The Competition Commission of India had initiated a detailed probe in the case following a complaint by Saint Gobain Glass

Cimmco surges on bagging defence items manufacturing license

The stock is locked at the upper circuit of 10% at Rs 107 on the National Stock Exchange.


Technology Rss icon

Nexus 6: The six commandments

Big, better, bulkier. Read on to find out if this should be in your pocket, that is, if ...

Xiaomi launches tailored Mi4i for Indian market

Low-cost version for India priced at Rs 12,999, has a plastic body

Asus Zenfone 2: New kid on the block

ASUS is launching the successor to the popular Zenfone, the Zenfone 2, this week

Beyond Business Rss icon

The dancer and the dance

Choreographer Ashley Lobo has started a contemporary dance repertory company, Navdhara India Dance Theatre

To build a world class university in Noida

Shiv Nadar University is pulling out all stops to attract teaching talent from the US, but will it be enough

Commodities

Commodity
Price(Rs)
Change
(%)

26720.00
-180
-0.67

3638.00
-50
-1.36

35982.00
-129
-0.36

384.85
+7.9
+2.1

164.50
-0.1
-0.06

FEATURES

In Depth Rss icon

Museum of neglect

The Crafts Museum in Delhi, one of the largest in India, is crumbling. What it needs is restoration, not uncertainty over its future

Climate change: Moving beyond the rhetoric

Indian diplomats should know by experience that it is the fine print & not rhetoric that will determine impact of the Paris pact later this year

Start-ups

Coverfox.com raises Rs 75 cr in Series-B from Accel, SAIF partners

Coverfox had earlier raised $2 mn in a Series-A round from Accel India and SAIF partners

Brand World Rss icon

Brand visibility top task for CG consumer arm's owners

Crompton spent just 3% of revenue on ads and promotions compared to Havells' 9% and TTK's 12%

Sachet-sized TV recharge

Tata Sky has taken a leaf out of telecom companies in its bid to get crucial numbers in small-town India