United Spirits books face MCA, I-T probe

Move follows firm's admission of diversion of money to UB entities; Sebi, NSE ask company to rectify previous financial reports

COMPANIES »

Vedanta to buy 5.33% more in Cairn India


Analysts say move neutral as stake purchase within promoter group

ECONOMY AND POLICY »

FDI may be allowed in sectors with high employment scope


On the land Bill, Modi says the government will accept suggestions that benefit 'Gaon, Garib, Kisan'

MARKETS »

Start-up listing: Sebi may further relax proposals


Could halve minimum investment size from what was proposed in March paper, plus other concessions; to approve framework next month

ONE YEAR OF MODI GOVT »

People's expectations high, more to be done, says Modi


Govt does not have majority needed in LS to roll out core agenda: Shah

AROUND THE GLOBE »

World soccer rocked as top FIFA officials arrested in Switzerland on graft charges


Nine soccer officials and five sports media and promotions executives faced corruption charges involving more than $150 million in bribes

FINANCE »

Bond market hopes for rate cut with dovish RBI stance


A rate cut would also lead to a further fall in yields

CURRENT AFFAIRS »

Delhi HC relief for Greenpeace India


Unfreezes accounts, permits use of domestic funds, raps banks; NGO vows to restart its campaigns

OPINION »

COLUMNIST »


Claude Smadja: ISIS' impossible dilemmas

ISIS' advances in Iraq and Syria are not just tactical but strategic victories - born of US errors and confusion

Editorial Comment »


Becoming competitive

Three sensible prescriptions for the success of 'Make in India'

BS Poll

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Derivatives

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Columnists

ISIS' impossible
dilemmas

Claude Smadja

ISIS' advances in Iraq and Syria are not just tactical but strategic victories - born of US errors and confusion

Renewables, divestment
and stranded assets

Vandana Gombar

Pressure is building on companies not only to control their emissions but also to be more efficient in their energy use, be responsive

A test of RIL's core
competence

Indrajit Gupta

It may not be long before India’s telecom market is shaken up by the launch of Reliance Industries’ 4G wireless broadband service

Auto industry looks
beyond ownership

Mark Gilbert

Ford reckons the global auto-sharing industry will be worth more than $6 billion by the end of this decade

BLOGS


How about a Babaji ki butti to cure the incurable?
Jyoti Mukul

If Ramdev weren't a Baba, but a mere salesman, what would he make of a medicine or a herb named Putrajeevak Beej?

Nepal quake and its lessons for disaster (un)preparedness

Despite loads of relief material and foreign rescue teams in Nepal, the state has failed to respond adequately in helping the victims

EDITORIAL COMMENT

Becoming competitive

Three sensible prescriptions for the success of 'Make in India'

Closer to normal

Updated monsoon forecasts suggest headroom for rate cut

Financial X-ray

BHEL: Stranded power projects to hit FY16 sales

Higher fixed costs and muted revenue growth might impact earnings for four quarters

IDBI Bank: Q4 surprises; outlook remains muted

Despite cheap valuations, the concern on slippage is much bigger, say experts

BOOK REVIEWS

Tarun Das' capitalism

Das was privy to what went on behind closed doors when industry met government, yet he chooses to disclose little

The resilience of MGR

As Tamil society has evolved in the time since M G Ramachandran, its degrees of complexity have increased

Fiona Maharg-Bravo

Ballot battles
Fiona Maharg-Bravo


Spain starts confusing political transformation

Swaha Pattanaik

Open options
Swaha Pattanaik


Euro pessimists are taking the long view

CompaniesRss icon

United Spirits books face MCA, I-T probe

Move follows firm's admission of diversion of money to UB entities; Sebi, NSE ask company to rectify previous financial reports

Tata Motors closes gap with RIL on revenue

Auto maker reported higher net sales than RIL in March quarter

Vedanta to buy up to 5.33% stake in Cairn India on June 3

Analysts say move neutral as stake purchase within promoter group


United Spirits books face MCA, I-T probe

Move follows firm's admission of diversion of money to UB entities; Sebi, NSE ask company to rectify previous financial reports

United Spirits logs net loss at Rs 1,799 cr

However, company's total income on standalone basis rises 5.5% to Rs 2,051 cr during the quarter under review

TTK Prestige net plunges 61% to Rs 10 crore in Q4

Operating profit also declined by 44% to Rs 14 crore


Forbes names Arundhati Bhattacharya among 100 most powerful women

Bhattacharya moves up six spots to the 30th rank

IDBI Bank: Q4 surprises; outlook remains muted

Despite cheap valuations, the concern on slippage is much bigger, say experts

IDBI Bank gains as assets quality improves in Q4

The stock rallied 6% to Rs 71 after gross NPAs declined to 5.88% in the March quarter from 5.94% in the December quarter.


US court rejects Infosys plea for dismissal of discrimination suit

The ruling of US district court is expected to take Infosys to another phase of a legal battle in the US, where a majority of its business ...

Tech Mahindra shares tumble most in six years on earnings dip

Company on Tuesday reported a net income of Rs 472 cr ($74 million) for the quarter ended March 31, missing the median Rs 723 cr forecast by 35 ...

Should you sell Tech Mahindra, Tata Motors?

Here is what top brokerages recommend


Claris' sale plan may hit roadblock as USFDA slams form 483 to its facility

Observations relate to insufficient procedures, lacunae in sampling, inadequate training and design deficiencies

33 stocks outperform markets ahead of MSCI inclusion

Though short-term investors can buy these stocks in a hope to make quick returns, long-term investors should look at company fundamentals before ...

Abbott India posts Rs 50 cr profit in Q4

Net sales during the year stood at Rs 2,237.60 crore, while the same was at Rs 2,231.28 crore in the previous year


Tata Motors closes gap with RIL on revenue

Auto maker reported higher net sales than RIL in March quarter

China concern now for Jaguar Land Rover

JLR was forced to cut prices last year on three high-end models in response to a pricing and anti-monopoly probe by Chinese authorities

M&M to launch nine vehicles this year

The launches, including refreshes and all-new models, will be in both the personal and commercial segments


R Infra Q4 net falls 26% to Rs 459 crore

Net income from power business fell by 13.5% to Rs 3,112.40 crore

33 stocks outperform markets ahead of MSCI inclusion

Though short-term investors can buy these stocks in a hope to make quick returns, long-term investors should look at company fundamentals before ...

PNC Infratech surges over 15% on second day of debut

The stock surged 16% to Rs 420 on the NSE on second day of its listing, trading above its issue price of RS 378 per share.


Jet Airways launches four-day discount offer

The company is offering a million tickets at 25% discount, valid for travel between June 15-October 15

Hotel Leela net profit at Rs 44 crore in fourth quarter

Net sales of the company grew by 3% to Rs 228 crore

NIIT registers net loss of Rs 151.2 cr in Q4

Its revenue declined to Rs 223.5 crore in the reported quarter as compared to Rs 232.9 crore in the year-ago period


BHEL: Stranded power projects to hit FY16 sales

Higher fixed costs and muted revenue growth might impact earnings for four quarters

BHEL fourth quarter net down 52% to Rs 888 cr

The major decline in profit came despite a 10.2% cut in expenses to Rs 11,286 cr during the quarter

Thermax's net up 24.5 % at Rs 132 crore

Total income up 10% at Rs 1,521 cr on higher order carry forward from the previous year


Godrej Q4 profit up 22%

Godrej Industries reported a 22 per cent increase in consolidated net profit at Rs 139 crore for the quarter ended March

33 stocks outperform markets ahead of MSCI inclusion

Though short-term investors can buy these stocks in a hope to make quick returns, long-term investors should look at company fundamentals before ...

Trent posts Q4 net profit at Rs 11 crore

Company's net sales on standalone basis during the quarter was Rs 322.07 crore


Vedanta to buy up to 5.33% stake in Cairn India on June 3

Analysts say move neutral as stake purchase within promoter group

Crude awakening for ONGC, Oil India

The falling price of crude oil is good for the government, but less so for state-owned crude oil producers as they gear up for divestment

Nifty breaches 8,350; rupee nears 64 levels

Sensex ended the session at 27,531 levels, while the Nifty lost 31 points to 8,339 levels


Subdued outlook for GAIL

Weak petchem margins, high feed-stock prices, lower utilisation of gas pipeline infrastructure are likely to keep stock under pressure

Gail (India) dips post Q4 results

The stock weakened by 2% at Rs 379 after reported a lower than expected net profit at Rs 511 crore in March quarter.

ABG Shipyard hits six-year lows as Q4 loss widens

The stock slipped 7% to Rs 137, its lowest level since May 2009 on the BSE, after the company reported a net loss of Rs 375 crore in the March ...


Beyond Business Rss icon

Diya Sethi: Addicted to life

Diya Sethi's brutally honest account of her battle against addiction shows that, contrary to common belief, long-lasting recovery is possible

Pack your bags and take off

Sarahan, 200 km from Shimla, is the perfect getaway

Commodities

Commodity
Price(Rs)
Change
(%)

26875.00
-17
-0.06

3709.00
-16
-0.43

38320.00
-190
-0.49

393.70
-0.7
-0.18

183.10
+0.6
+0.33

FEATURES

In Depth Rss icon

Power

Power reforms gain ground in states

With 40,000 Mw of stalled projects likely to start production soon, states are bailing out discoms and revamping supply network

As Maggi goes off menu, Nestle gears up for damage control

India is Maggi's biggest market in the world

Start-ups

Sean Blagsvedt

Fighting poverty by helping find jobs

Bengaluru-based babajob.com is trying to help unorganised blue-collar workers get better employment

Brand World Rss icon

Daimler

Highway riders

Daimler is taking on its European peers by manufacturing premium trucks in India for the local and global market

A boxer, a queen and a movie studio

Viacom 18 hopes to prove that movies made with small budgets can win big, with critics and at the box office