COMPANIES »

HCL misses estimates, disappoints markets


Management positive on future growth

ECONOMY AND POLICY »

Govt could bring back sugar release order


Under the mechanism, the central government decides how much sugar each mill in the country could sell in the open market

MARKETS »

Equity MFs cut cash holdings in March, invest in stocks post Budget


Cash holdings as percentage of equity assets down 170 bps in March, when exchange benchmarks dropped 5%

AROUND THE GLOBE »

Xi hails Pak security help in west China; Pak vows more


Nawaz Sharif said Pakistan considered Chinese security as important as its own

FINANCE »

Bankers peg credit growth at 14-16% in FY16


But action to gather steam only in 2nd half; infra & industrial activities yet to pick up pace

BRAND WORLD »

Summer heats up with ITC's entry into juices


The cigarette-to-soaps major has stepped into the branded juices category with desi flavours

CURRENT AFFAIRS »

Eating beef not a fundamental right: Maha govt tells HC


Says the state legislation can regulate consumption of flesh of any animal the source of which is reprehensible

OPINION »

COLUMNIST »


Andy Mukherjee: The states' race to spend

States can better spend their extra share of taxes on a fiscal stimulus than can the Centre

Editorial Comment »


'Are you serious?'

Rahul Gandhi needs lessons in economics and history

BS Poll

Will the NDA govt's zeal to push the land bill through run into a roadblock with RSS echoing Rahul Gandhi's views on the issue?

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Columnists

The states' race to
spend

Andy Mukherjee

States can better spend their extra share of taxes on a fiscal stimulus than can the Centre

Silence on core legal
reforms

M J Antony

Recent meeting of chief justices and chief ministers skirted vital issues

The final push to end
extreme poverty

Jim Yong Kim

Our strategy to end poverty can be summed up in just three words: grow, invest and insure

Full convertibility talk
a red herring

Subir Roy

The RBI and the government have for some time been sparring over various issues, just about managing not to differ acrimoniously in public

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

'Are you serious?'

Rahul Gandhi needs lessons in economics and history

Hearing the helicopters

Forty years after the fall of Saigon

Financial X-ray

HCL Tech numbers worse than street's estimate

Constant currency growth at 2.7% suggests strong core growth; slow growth in key segments a worry

Indian Hotels: Right strategy, awaiting results

Street to await improvement in room rents and occupancy, even as it gives nod to deleverage plans

BOOK REVIEWS

How India's democracy came of age

Vir Sanghvi makes it clear that this is no profound academic tome; instead, he offers a journalist’s subjective view of people and events

Facts are sacred

Dreger criticised a group of transgender activists who had attacked a sex researcher for his findings on why some people want to change gender

Una Galani

A generic misadventure
Una Galani


Daiichi Sankyo scrubs out Indian M&A nightmare

Daniel Indiviglio

Spring awakening
Daniel Indiviglio


Weak US Q1 more a blip than reason to flip

CompaniesRss icon

Daiichi exits Sun Pharma in India's largest bulk deal

Japanese firm raises $3.2 billion; Goldman Sachs, Singapore govt, Aranda lead stake buy; Sun stock dips 9%

Wipro's profit rises 2% in March quarter

Rishad Premji appointed as wholetime director; gives conservative guidance for IT services business for Q1 of FY16

HCL misses estimates, disappoints markets

Management positive on future growth


Godrej eyes sixfold increase in Africa business by 2020

The Adi-Godrej Group's flagship firm Godrej Consumer proposes to up its African turnover six times in five years from around Rs 1,200 cr now

Summer heats up with ITC's entry into juices

The cigarette-to-soaps major has stepped into the branded juices category with desi flavours

Markets end lower for fifth straight session; Nifty breaks 8,400

Sell off in Sun Pharmaceutical in addition to profit taking in Hindustan Unilever dragged the indices lower


We want to double our balance sheet in about 40 months: Murali Natarajan

Interview with MD & CEO, DCB Bank

Kotak Mahindra proposal before FIPB on April 30

At present, foreign investors together hold 48.5% in it, pursuant to its merger with ING Vysya Bank

Dena Bank, Union Bank tie up with insurers for social schemes

The scheme will come into effect from June 1, 2015


Daiichi exits Sun Pharma in India's largest bulk deal

Japanese firm raises $3.2 billion; Goldman Sachs, Singapore govt, Aranda lead stake buy; Sun stock dips 9%

Teva offers to acquire Mylan for $40 billion in cash, stock

The deal is estimated to be around $40 bn

Dr Reddy's banks on acquisitions for growth

The company wants more products in order to capture a bigger slice of the domestic market that is predicted to grow exponentially in the next ...


Today's picks- 21 April 2015

Nifty, Bank Nifty, HCL Tech, Tata Motors & Idea

Tata Motors launches 1+1 programme for Nano

Customers of Nano will have privilege to be among first to own new GenX Nano with Easy Shift

Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel


Indian Hotels: Right strategy, awaiting results

Street to await improvement in room rents and occupancy, even as it gives nod to deleverage plans

Indian Hotels to make profits in 2 years: Rakesh Sarna

At a consolidated level, IHC is servicing debt totalling Rs 4,300 cr

Indian Hotels open to putting a bid for Taj Mansingh

New Delhi Municipal Corp-owned property likely to go under hammer after 33-year lease expires


Uncertainties cloud earnings visibility of key power players

Imported coal-based generating companies including JSW Energy expected to report robust growth

BHEL commissions 250-mw thermal power plant in Gujarat

Unit has been commissioned at Gujarat State Electricity Corp's Sikka thermal power station on EPC basis

Advent-led consortium to buy unit of Crompton Greaves

The US priavte equity firm is tipped to have picked up the consumer products business for $350 mn, say sources


Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel

Data analytics can help retailers know consumer behaviour

In fashion business, analytics can provide alternatives based on how users go online or to the brick-and-mortar stores to buy clothes

Clariant Chemicals surges on share buyback plan

The stock rallied 14% to RS 980 on the National Stock Exchange.


Tata Sponge Iron falls on weak Q4 results

The stock dipped 9% after reporting a sharp 79% YoY drop in its consolidated net profit at Rs 8.57 crore in March quarter.

Conglomerates miss the boat as new-age businesses rise

Flipkart, Snapdeal are valued much more than more traditional companies like Ultratech, Mahindra & Mahindra, Tata Steel

Govt could likely sell 5% stake in Coal India in FY16, too

At current market prices a 5% divestment can fetch the govt as much as Rs 12,000-13,000 cr


Investors cash out of FMCG stocks ahead of results

Disturbed by lack of pick-up in consumption, especially rural, and likelihood of lack of good news on corporate earnings

FMCG shares under pressure; Britannia Industries down 5%

At 1117 hours, CNX FMCG index down 2% compared with 0.83% decline in the CNX Nifty.

Tasty Bite Eatables zooms 20% on open offer by parent

Tasty Bite's US parent and Kagome, Japan have made an open offer to acquire 25.78% of the company


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

Ortel Communication bottomline returns to black after IPO

Posts Rs 5.6 cr profit in FY15, compared withh Rs 13.8 cr loss a year ago


RIL's credit metrics to improve over next 2 yrs: Moody's

RIL's PBDIT rose 8% in Q4 due to improved performance of its refining segment, despite 26% droop in revenues

Videocon: Brazil discovery 3-4 times bigger than ONGC's

The production will take about two and half years

The real reason why Reliance stock has taken a beating despite strong earnings

The numbers hidden behind the results tell a story of zero-return businesses and lower prospects for the core units


Gujarat Gas extends gain post PNGRB nod for gas network in Thane

The stock hit a record high of Rs 862, surged 29% in past five trading sessions against 5% fall in the CNX Nifty.

Google, Facebook, Twitter to gain from growth of eCommerce in India: UBS

Maintains sell rating on Just Dial and buy rating on Bharti Airtel, Idea Cellular, Info Edge in a recent report

Aegis gets 5-acre land to develop new port at Kandla

Land given on 30-year lease, proposed new port to be Aegis' fifth


Beyond Business Rss icon

What driving in the city can do to your health

The travails of driving in the city and how to deal with them

Hindu divided family

The Bharat Ratna conferred on Madan Mohan Malaviya has exposed the frictions within his family

Commodities

Commodity
Price(Rs)
Change
(%)

26947.00
+110
+0.41

3583.00
-88
-2.4

36186.00
+112
+0.31

374.40
-6.5
-1.71

162.20
+1.2
+0.75

FEATURES

In Depth Rss icon

Dr Reddy's banks on acquisitions for growth

Company wants more products in order to capture bigger slice of domestic market that is predicted to grow exponentially in the next 5 years

How Snapdeal gains by acquiring Freecharge

The e-commerce company hopes to boost its valuation as well as leverage the growing number of transactions being carried out on mobile phones

Start-ups

Click online for health care records

Health care technology company Practo aims to make its presence felt in 100 cities, innovating to stay ahead in the fragmented sector

Brand World Rss icon

Summer heats up with ITC's entry into juices

The cigarette-to-soaps major has stepped into the branded juices category with desi flavours

Cross embeds wearable tech in leather products

White House's official pen brand is tweaking its pricing to enter accessories market

Lunch with BS Rss icon

Lunch with BS: Arne Sorenson

Sorenson, president & CEO, Marriott International, explains why his partners are willing to shell out 3% of sales and 8-10% of profits