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MARKETS »

Markets continue winning streak; metals rally


Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.

COMPANIES »

CBI probes over-invoicing of Rs 2,300 crore by Adani group


The agency would soon start questioning the officials of the company and banks involved to probe

ECONOMY »

CCEA okays sale of 10 mn tonne of wheat in open market


Move expected to boost domestic supply, check prices

Around the world »

Facebook beats Wall St targets, stock hits record high


Mobile ad business helps drive 61% increase in revenue

CURRENT AFFAIRS »

India votes in support of UNHRC resolution on Gaza


US only nation to vote against the resolution

FINANCE »

Private banks gear up to issue infra bonds


On Wednesday, YES Bank's board approved raising Rs 3,000 crore through long-term bonds. Even Axis Bank had announced similar plans on Tuesday

mobile phone

BRAND WORLD »

Brands back to feature phones


Targeting users of feature phones, brands are choosing the very Indian habit of missed calls over Western tools, for their mobile phone

BS Poll

Former justice Katju's allegations seem to point to corruption in the Supreme Court. Do his charges hold water?

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Derivatives

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Columnists

Indian Railways -
nostalgia and reality

Agnikalam

Travelling by rail in India was once a pleasure, but has now become a forbidding challenge

Singapore's skyrise
gardens

Barun Roy

Vertical gardens are a cornerstone of the state's development plan and can be a game-changer in its quest for greater sustainability

Rebooting the G20
framework

Alok Sheel

Instead of targeting global imbalances per se, the narrative must change to the structure and direction of such asymmetries

Criminalising all of us
Rahul Jacob

We should be glad B R Ambedkar is not alive today. Then again, he would have argued the case against Section 377 brilliantly

BLOGS


Things fall apart , the Centre cannot hold
Kavita Chowdhury

As the Congress heads into another round of assembly elections by 2014 year end, insiders admit that they are reconciled to facing defeat

Mission to Mars
Raghu Kalra

So far, no nation has been able to enter the planet's orbit in the maiden attempt. Will India's MOM be the first?

EDITORIAL COMMENT

Selecting justice

Judicial appointments need transparency

Sold out

A new model for electronics, and online retail

Financial X-ray

Cairn's PAT down on high depreciation charges

Average daily production up 3% y-o-y during Q1, gas output down 12% to 48 mscfd

Dish TV eyes gains in FY15

Higher subscriber additions, price rises would help improve revenues and margins

BOOK REVIEWS

Thackeray's true stripes

Hindu Hriday Samrat underscores how Bal Thackeray was always the leader in absentia and how he allowed his aura to rule over the people

What matters to Pele

Why Soccer Matters is like an abridged biography of Pelé that is narrated against the backdrop of five football World Cups

Andy Mukherjee

Hope abounds
Andy Mukherjee


Indonesia reform hopes rise with clear Jokowi win

Robert Cyran

Wind up the iWatch?
Robert Cyran


Apple winds up earnings hope for new gadgets

CompaniesRss icon

Zensar Q1 net down 8.2% y-o-y

Revenue for the quarter at Rs 604.78 crore was up 13.8% from Rs 531.28 crore in the corresponding quarter last year

Mastek reports losses at operational level in June quarter

Company's Q2 PAT down 88% at Rs 0.85 crore

Mahindra Holidays & Resorts acquires Covington Sarl

Company has announced MHR Holdings as its wholly owned subsidiary with effect from July 11


Sensex reports sharpest 8-day rally since September 2012

ICICI Bank, RIL, TCS, HDFC and Infosys have contributed a combined 659 points or 52% to the 1,265-points rally in the Sensex.

Shalimar Paints bipartite meeting inconclusive

Ghatak said the management told them the company was willing to build a modern plant there for which some time was required

IKEA's leisurely scout for a start

After clearance in 2012, single-brand showpiece still to decide on a single location, with first store unlikely before 2017


SKS Q1 net profit up eight-fold at Rs 49.32 crore

Total income in the quarter increased by 37.80% to Rs 168.95 cr from Rs 122.60 cr in the corresponding previous quarter

ING Vysya selects Mindtree as a strategic digital partner

As part of the programme, Mindtree will help ING Vysya deliver multi-channel and multi-platform banking experience

FII stake in SKS soars to record high of 45% in Apr-Jun quarter

This marks the third quarterly increase in FII holding in SKS


Tata firms' impending debt repayments trigger non-core asset sale

Tata Power, Indian Hotels, Tata Steel and Tata Comm together have over Rs 45,000 cr of debt due for repayment in the next two-and-half years

Aircel-Maxis case: Attorney General Rohatgi tells CBI to chargesheet Marans

AG's view in the long-pending case related to the Aircel-Maxis deal has come in less than two months of the Narendra Modi government taking ...

Trai proposals won't benefit RJio, RCom

Airtel, Vodafone & Idea, with higher bandwidth across different bands, could take advantage of spectrum sharing


Zensar Q1 net down 8.2% y-o-y

Revenue for the quarter at Rs 604.78 crore was up 13.8% from Rs 531.28 crore in the corresponding quarter last year

Mastek reports losses at operational level in June quarter

Company's Q2 PAT down 88% at Rs 0.85 crore

Mastek Q1 net profit slips 88% to Rs 7.09 cr

Company had posted a net profit of Rs 7.09 crore in the same period last year


Ranbaxy inks pact with Cipher to sell acne drug in Brazil

Cipher will be supplying the product and Ranbaxy will be responsible for gaining regulatory approval of the product

FDA Alert For IPCA Labs, US export halted from MP unit

the company had received certain inspection observations in Form 483 from the US FDA

Apollo Hospitals, Strand Life partner for genomic tests

Tests would be offered in cardiology, oncology, rare genetic disorders and heritable eye diseases for Apollo patients


Apollo appoints new technology head

Seshu Bhagavathula will be based out of the company's Global R&D Centre in Enschede, the Netherlands

Bajaj Holdings trims stake in Force Motors to over 9%

Company's shares today closed at Rs 1,318.25 apiece on the BSE, up 0.25% from previous close

TVS Motor falls from record high as Q1 profit below estimates

Q1 profit at Rs 72 crore against an average analysts estimate of Rs 87 crore.


JSW Energy close to buying Lanco's Udupi power plant

Acquisition will help the firm in realising its ambitious expansion plan of having 11,770 MW power generation capacity

TAQA pulls out of $1.6 billion deal with Jaiprakash Power

It had agreed to buy two power plants from the Indian company

Developers line up Rs 5k-cr budget housing projects

In the wake of boost from the Budget & RBI move on affordable housing, Tata Housing & Mahindra Lifespace, among others, plan new


Ambuja Cements beats street; Q2 net up 26%

Relatively less exposure to the southern market helped the company put a good quarterly show

ACC falls short of street estimates; Q2 net slips 7%

Higher freight costs negated the benefits of higher realisation and improved sales volume

ACC Q2 net dips 7% to Rs 241 cr

Operating margin falls to 14.7% from 17.2% y-o-y


Delays in land, green nod slow down over Rs 400 cr CIL projects: Govt

Coal India had missed its output target of 482 MT for 2013-14, producing 462 MT during the period

Metal shares gain as China PMI at 18-month high

Tata Steel, Hindalco, Sesa Sterlite, Jindal Steel, JSW Steel and SAIL 1-4% on the Bombay Stock Exchange.

Tata Metaliks zooms 90%; Tata Sponge over 50% in 9-days

Tata Sponge Iron surged 11% to Rs 935, also its record high, while Tata Metaliks rallied 10% to Rs 132 on BSE today.


McLeod Russel mulls diversification, in discussion with consultants

Expected to gather the responses from consultants in another three months' period

Tata Coffee posts 24.9% fall in June quarter profit

Lower profits in the June quarter reflect the lesser quantity of crop available for sale in the plantation business

Slow start to fertiliser sales this year: Murugappa chairman

However, he says current situation isn't as grim as predicted and indications are positive


Dish TV eyes gains in FY15

Higher subscriber additions, price rises would help improve revenues and margins

Sun TV Network plunges 10% on heavy volumes

A combined 679,000 shares changed hands on the counter in first half-an-hour of trading against an average 300,000 shares that were traded daily ...

Dish TV posts loss of Rs 16.05 crore in Q1

Company had registered a standalone net profit of Rs 31.73 crore for the April-June quarter of the last fiscal


ONGC ramps up its disaster preparedness

Company recently has deployed two emergency ambulances and two additional fire tenders at its operational station in East Godavari District

Cairn to shut down Mangala terminal for 10 days

This could impact the daily gross average production rate for Q2 FY15

Cairn India declines 5% post Q1 results

EBITDA or operating profit margin declined to 70% from 75%.


Nava Bharat says NPPL was sold without attributing any value to coal block

NBPL had held 50% equity stake in NPPL , a joint venture (JV) coal company, along with Malaxmi group

Bajaj Holdings trims stake in Force Motors to over 9%

Company's shares today closed at Rs 1,318.25 apiece on the BSE, up 0.25% from previous close

Liberty Shoes dips on weak Q1 numbers

Liberty Shoes lost 6% to Rs 301 on the BSE after the company's net profit surged 1% to Rs 3 crore


Beyond Business Rss icon

Riteish Deshmukh

Has Riteish Deshmukh finally come of age?

After a decade of acting in comic films, Riteish Deshmukh finally shows a versatile side with Ek Villain

Dal Lake: High-water mark

The Dal Lake in Srinagar may be a must-do for tourists, but it sometimes affords an offbeat experience of the region

Commodities

Commodity
Price(Rs)
Change
(%)

27661.00
-221
-0.79

6184.00
-15
-0.24

44137.00
-791
-1.76

231.30
+4.6
+2.03

435.10
+7.95
+1.86

FEATURES

In Depth Rss icon

Spectrum sharing won't fix telcos' problems

Trai's recommendations come with stringent guidelines that will make it hard for telecom companies to share spectrum with one another

Will asset sale help Jaypee tide over its debt woes?

Only an economic recovery will help Jaypee generate strong cash flows in its core businesses of construction and real estate

Real Estate

Realtors tweak strategy for affordable housing

Margins for developers have fell to 15-20 % in affordable segment

Brand World Rss icon

Localised ads market gets its shooting STAR

Major broadcaster, STAR India, is eagerly presenting its service of localised channel feeds to advertisers and agencies. Brand-owners say these ...

Malaysia Airlines

Malaysia Airlines: Miles to go for salvaging brand

Perception is more influential than reality, and air travellers typically make decisions based on the credibility of the airline

Business Education Rss icon

National Skill Development Corp to train 120 mn by 2022

NSDC has made a skill development management system where data of all trainees is maintained