MARKETS »

FY15-16 begins on a firm note; Sensex ends 300 points higher


The 30-share Sensex gained 303 points to end at 28,260 and the 50-share Nifty soared 95 points to close at 8,586

COMPANIES »

Tata Sons appoints Ronen Sen, Farida Khambata to board


The addition of Khambata and Sen, India's former ambassador to US, takes the number of board members to 7

ECONOMY AND POLICY »

Debroy committee bats for pvt sector in railway ops, independent regulator


The committee has asked for amending the Indian Railways Act to allow the levy of tariffs by private operators

CURRENT AFFAIRS »

Now, passengers can book rail tickets 120 days in advance


This is expected to cut last-minute rush for reservations

FINANCE »

RBI approves ING Vysya-Kotak Mahindra merger


The merger would create India's fourth largest private bank

AROUND THE GLOBE »

Weak demand weighs on China factory, services firms in March


Adds to bets that Beijing will have to roll out more policy support to avert a sharper slowdown

PERSONAL FINANCE »

11 common regrets of new home owners


If we poll any given group of unhappy property buyers, a remarkably consistent list of complaints emerges. Here are a few of them

BRAND WORLD »


Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market


TAKE TWO »


Finance Minister Arun Jaitley with RBI Governor  Raghuram Rajan

Policy freedom shrinks for a hamstrung RBI

The process to clip the central bank's wings, which had started during the previous government's rule, is now picking up pace


DIGITAL CONSUMER »


Moto Turbo

Moto Turbo: It's big, powerful & has punch

If you are looking for a big-screen smartphone packed with a lot of features and can perform, this device will not let you down


Start-ups

Phaneesh Murthy to launch health exchange

Plans to offer online marketplace for drug sellers, platform for digitising patients' records

BS @ 40

Apollo Tyres: Going against tradition

Winning over employee trust and reacting quickly to market demands helped Apollo Tyres move ahead during the uncertain economic environment of ...

BS Poll

Does the manner in which the Modi administration is transferring civil servants smack of high-handedness?

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Can't Say  

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Derivatives

Opinion Rss icon

Columnists

From protest movement to
political party

Ashok Lahiri

How successfully Arvind Kejriwal manages the issue of inner-party democracy will determine whether the AAP is seen as transforming politics

Diversify or perish
A K Bhattacharya

Exports in the first 11 months of 2014-15 were estimated to be $284 billion, a decline over the same period of the previous year

Framing ideas, getting
connected

Vanita Kohli-Khandekar

Ficci-Frames 2015 has started an interesting initiative to get new ideas into the entertainment industry

The new multilateral
financial architecture

Akshay Mathur

The formidable intentions of AIIB and the new transnational corridors project are both a challenge and an opportunity for India

BLOGS


Is Deepika Padukone talking about the right choices?
Aletta D'cruz

While it is necessary to address the 'narrow and caged' mindset of society, it is also important to draw and line and maintain a balance

India's startup ecosystem needs a Sebi of its own, and now!

The lack of a single regulator means that rumours and speculation abound, even in the media reporting on startups

EDITORIAL COMMENT

A recurring dilemma

RBI must respond to sluggish growth

Out of the loop

Policy should address India's low e-commerce readiness

Financial X-ray

Rural themes at risk as ground reality far from rosy

Analysts worry about possible loan waiver, falling sales of 2-wheelers, tractors and consumer products

Margin gains ahead for Pidilite

Improving demand, expansion plans to drive growth

BOOK REVIEWS

1971 relived on the battlefield

The bulk of the accounts in Liberation are drawn from that fortnight of conventional war

A 'corrective' biography of Steve Jobs

Jobs developed a wise, mature, deliberate executive style for which he is seldom given credit, one that helped lead Apple to glorious heights

John Foley

Home help
John Foley


China housing rescue uses right tool for wrong job

Olaf Storbeck

Cheers to the German consumer
Olaf Storbeck


Hefty German wage hikes make ECB's life easier

CompaniesRss icon

Dr Reddy's to buy select UCB brands for Rs 800 cr

Transaction includes about 350 employees engaged in operations of UCB's India business

Essar defers refinery maintenance to July-Aug

Delay to avoid overlap with scheduled repairs at other refineries

Dr Reddy's to buy select brands from UCB for Rs 800 crore

The deal will help Dr Reddy's strengthen its presence in dermatology, pediatrics and respiratory products


RBI approves ING Vysya-Kotak Mahindra merger

The merger would create India's fourth largest private bank

SKS Microfinance issues NCDs worth Rs 200 crore

Allots NCDs via private placement

SBI to divest 10% in life insurance venture

Last week, SBI said it would be reducing stake in its general insurance venture from 76 per cent to 51 per cent


Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015

Today's picks- 30 March 2015

Nifty, Bank Nifty, Idea Cellular, Cairn India & Larsen & Toubro

Telecom shares rebound; Idea, Bharti gain over 3%

Idea Cellular surged nearly 5% to Rs 179, while Bharti Airtel up 3.4% at Rs 389 on the Bombay Stock Exchange.


HCL Technologies dips post Q3 outlook

The stock dipped 3% at Rs 950 after the company said it expects cross currency fluctuations to impact its revenues by 280 bps in the third ...

eClerx Services surges on acquisition plan of CLX Europe

The stock surged 5% to Rs 1,670 after the company agreed to buy CLX Europe for Euro 25 million (approx. Rs 167 crore).

For a change, Infy board to meet in Chennai

This is for the first time that the Bengaluru-based company is holding its board meeting outside of Karnataka


Dr Reddy's to buy select UCB brands for Rs 800 cr

Transaction includes about 350 employees engaged in operations of UCB's India business

Dr Reddy's to buy select brands from UCB for Rs 800 crore

The deal will help Dr Reddy's strengthen its presence in dermatology, pediatrics and respiratory products

Sun Pharma, Ranbaxy gain ahead of merger

At 1107 hours, Sun Pharma and Ranbaxy Laboratories were up 3% each at Rs 1,052 and Rs 837 respectively.


Maruti Suzuki falls on weak sales in March

The stock was down 2% at Rs 3,622, falling 4% from its intra-day high of Rs 3,758 on the National Stock Exchange.

Maruti sales decline 1.6% in March

The sales of company's mid-sized sedan Ciaz, which was launched in October 2014, stood at 4,251 units

Katsushi Inoue takes over as Honda Cars India head

Hiroyuki Shimizu will be new Senior Vice President & Director, Marketing & Sales


SC allows Adani Power to defend compensatory tariff before tribunal

The company wanted higher tariff as the coal imported from Indonesia became costlier

HCC wins Rs 392 crore contract from govt

The project is part of the Special Accelerated Road Development Programme for North Eastern Region

Sadbhav Infra, UFO Moviez get Sebi nod for IPO

Sadbhav Infra, UFO Moviez India to raise Rs 600 cr and Rs 750 cr respectively


Twelve SpiceJet pilots withdraw resignations

This, after the airline resumed timely payment of salaries

Private carriers oppose relaxation of 5/20 rule

Resist suggestion for credit-based norms

Taj Group opens property in Dubai

The group has a total of 128 hotels, resorts and palaces spanning 64 locations in India and 15 international locations in four continents


BEML hits 52-week high on executing export order to Zimbabwe

The stock up 4% at Rs 1,137 on the NSE after company said it has executed export order worth of Rs 70 crore to Zimbabwe.

Salzer Electronics soars ahead of board meet

The stock soared 15% to Rs 269 ahead of board meeting today to consider the fund raising plans.

L&T Construction bags orders worth Rs 2,101 crore

Gets major order from Public Works Department, Delhi


Margin gains ahead for Pidilite

Improving demand, expansion plans to drive growth

Kiri Industries zooms nearly 100% in two weeks

The board approved allotment of cumulative non convertible redeemable preference shares to Tata Capital Financial Services Limited.

Over 100 companies add women directors to their boards

Deadline for appointing one woman director on to company boards is April 1, 2015


Today's picks- 31 March 2015

Nifty, Bank Nifty, Tata Steel, BPCL & Hindalco

Jindal coal bid case: Govt report found no proof of cartelisation

Officials say govt has not received fair value for its mine in the bid and there is evidence to prove that

NMDC Nagarnar plant to be ready by Dec 2016

The project is being set up with an estimated outlay of Rs 15,525 cr


Fertiliser shares gain as government introduces uniform gas price for urea plants

Zuari Agro, FACT, RCF, GNFC and Chambal Fertilisers were up 5%-13% on the Bombay Stock Exchange.

Former Amul chairman finally removed from Mehsana dairy union too

Vipul Chaudhary fails to get relief from Apellate Authority, Gujarat govt and High, is directed to quit effective March 30

Godrej e-marketplace for gourmet food soon

Portal will compete with Snapdeal, Flipkart; Group expects it to contribute 15-20% of its online business


Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market

Wives & daughters join fathers & sons to meet Sebi deadline

Companies have appointed women directors who are family members to ensure compliance with a new norm for having at least one woman director on ...

New LNG policy: No major benefits for Petronet, GAIL

Analysts say these two will have to forgo part of marketing margins and re-gasification rates, restricting the gains


Beyond Business Rss icon

From about 10,000 Afghans in Kolkata in 2001, there aren’t more than 2,000 in the city today. Here they celebrate Eid at the Maidan

New face of the Indian Afghan

Driven out of business by microfinance companies, the Kabuliwalas of Kolkata, traditional moneylenders, have seen their numbers shrink

Shanthi Theatre: The screen goes blank in Chennai

The curtains are soon going to fall on Shanthi Theatre, an iconic structure in Chennai from where megastars captured the hearts of the public

Commodities

Commodity
Price(Rs)
Change
(%)

26236.00
+32
+0.12

2958.00
-67
-2.21

37265.00
+96
+0.26

380.25
+1.8
+0.48

166.70
-0.3
-0.18

FEATURES

In Depth Rss icon

Finance Minister Arun Jaitley with RBI Governor  Raghuram Rajan

Policy freedom shrinks for a hamstrung RBI

The process to clip the central bank's wings, which had started during the previous government's rule, is now picking up pace

An IT SEZ in Tamil Nadu

Tamil Nadu's SEZ policy meets its flip side

Long-term leases have meant that many companies are sitting on the land allotted to them without creating any infrastructure

Real Estate

Mumbai realty developers' debt rises

Land purchases and big projects, amid dull sales growth, among the reasons

Brand World Rss icon

Power, North Star step into affordable luxury

Bata India is revamping two of its oldest and best-known brands to tap a fast-growing segment of the youth market

Mondelez to 'Perk' up war with Nestle

The snacking giant ropes in a new brand endorser to create buzz as Nestle's wafer-chocolate brands, KitKat and Munch, grow

Business Education Rss icon

BITS Hyderabad opens its doors for overseas students

To start with, at its Hyderabad campus, it would take 50 foreign students for its more than a dozen undergraduate programmes from next year