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India cuts dependence on Iran oil to less than 6%

Imports from Iran made up for 5.81% of India's oil import needs in 2013-14, down from 7.11% in the previous year

MARKETS »

Sensex ends above 26,000 led by telecom shares


Sensex ended above 26,000 led by telecom shares amid TRAI's spectrum sharing norms

COMPANIES »

Axis Bank's slippages, loan recast in Q1 below estimates


Earnings upgrade likely during the year if accumulation of stressed loans is lower than the Rs 6,500 crore in FY15

ECONOMY »

Railways' cleanliness drive: Expect innovations completely Indian


The Railways is planning to soon try disposable bed linen, on an experimental basis, in the Bangalore Rajdhani Express

Around the world »

Bodies leave Ukraine war zone, truce called at MH17 crash site


Rebels hand over black boxes to investigators

CURRENT AFFAIRS »

Mars orbiter completes about 80% of its journey


The spacecraft has covered a distance of more than 540 million kilometres

FINANCE »

RBI announces new regulatory framework for big banks


Move comes as remedial measures to the problems faced during the global financial crisis of 2008

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

ON THE BEAT »


Nitin Sethi: Why the monsoon numbers hide reality

Because the ecology of various regions differs, it is silly to club them all under one countrywide average number


SME WORLD »


Visionary SME initiative picks up momentum

The total number of people who have graduated through the programme or are currently enrolled in it is 1,127, including senior managers (390), ...

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

Dismantling food
inflation

Indira Rajaraman

The most important features of the Union and Rail Budgets for 2014-15 are the micro-interventions that address food inflation

Two months and two
signals

A K Bhattacharya

The first couple of months for a new government are always crucial as this is the time when it lays down its broad framework of policies

Welcoming FDI in news
Vanita Kohli-Khandekar

Allowing foreign investment will push media firms to clean up their act and put in place systems that will allow good journalism to flourish

The lure of legalising
bilateral disputes

Pranay Kotasthane

The PCA verdict on India-Bangladesh maritime dispute, which largely upholds Bangladeshi claim, has important lessons for India’s Saarc policy

BLOGS


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?

The rogue bear
Rajat Ghai

Why Rajat Ghai is no longer a Russophile and Putin admirer

EDITORIAL COMMENT

No patchwork reform

Labour law overhaul must happen at the Centre

True democracy

Let Congress chief ministers be internally elected

Financial X-ray

Axis Bank's slippages, loan recast below estimates

Earnings upgrade in FY15 likely if accumulation of stressed loans are kept below Rs 6,500 cr

Asian Paints shows all-round growth

Pick-up in growth of industrial paints likely to complement strong show in decorative paints

BOOK REVIEWS

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

Content and its discontents

The People’s Platform, is aspirational or sarcastic, since Ms Taylor believes the classless aura of web masks an unfair power structure

Una Galani

As good as it gets
Una Galani


Asian airlines strive for return to mediocrity

Andy Mukherjee

Choking on love
Andy Mukherjee


Japan's bond-hugging banks are pinning Abe down

CompaniesRss icon

Syndicate Bank plans to raise Rs 1,100 cr via QIP

Will lead to dilution in govt's stake to around 62% from 67.4% now

Tata Sons war chest swells on TCS dividend

Payout by software arm funding most of the group's investments

Trai proposals won't benefit RJio, RCom

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


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

Asian Paints shows all-round growth

Pick-up in growth of industrial paints likely to complement strong show in decorative paints

Asian Paints Q1 net at Rs 338.7 crore

Company had posted a net profit of Rs 275.2 crore and net sales of Rs 2,818.53 crore in the same period of previous fiscal


Syndicate Bank plans to raise Rs 1,100 cr via QIP

Will lead to dilution in govt's stake to around 62% from 67.4% now

Axis Bank Q1 net up over 18%

Gross NPA rises to 1.34% compared to 1.22% q-o-q

Today's picks

Nifty, YES Bank, Tech Mahindra, Idea Cellular & Hndalco


Trai proposals won't benefit RJio, RCom

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

Today's picks

Nifty, YES Bank, Tech Mahindra, Idea Cellular & Hndalco

Attorney General Mukul Rohatgi gives opinion on Maran to CBI

CBI to take further action in Aircel-Maxis case based on AG's opinion


Tata Sons war chest swells on TCS dividend

Payout by software arm funding most of the group's investments

FTIL exit should open a road for MCX

Recently FTIL announced selling its 15% stake in MCX to Kotak Mahindra Bank and now it is left only with 5%

Today's picks

Nifty, YES Bank, Tech Mahindra, Idea Cellular & Hndalco


Engine maker Cooper Corporation plans LCVs

The company is in a wait-and-watch mode to see if the market for commercial vehicles in the country picks up before it launches its new range

Mercedes launches CLA45 AMG at Rs 68.5 lakh

CLA 45 AMG is the seventh product of the AMG brand, part of the Daimler group, to be available in India

Mercedes launches CLA45 AMG at Rs 68.5 lakh

Company will also launch the CLA-Class sedan in the next six months


MNRE bats for strict renewable power obligation compliance

Pleads SERCs to invoke penal provisions of the regulations against defaulting entities

Brokerage views on RIL, Bajaj Auto, UltraTech Cement, Oberoi Realty

A quick view on how brokerages like Nomura, Kotak Securities, Motilal Oswal and Karvy interpret the latest results

Tata Power eyes assets for acquisition, overseas opportunities

The power major is looking at opportunities for providing management and technical advisory services in distribution business


Over Rs 5,840 loss for Indian airline industry in 2012-13:Govt

Losses to Air India as well as the private carriers have shown a declining trend since 2009-10 till 2012-13

Indian Hotels: Prime property

Lower debt, asset-light focus and a recovery in demand will help the company improve its financials

Advani Hotels zooms over 100% in one week on buyout report

Shares in Advani Hotels rallied 109% to Rs 87.80 from Rs 42 on reports that ITC Hotels is close to acquiring its property in Goa.


Jain Irrigation: Heydays are back

Higher govt allocation to its market is a positive; efforts to enhance cash flow and lower debt levels are paying dividends

Savita Oil Technologies slips on weak Q1 results

Savita Oil Technologies plunged after the company's net profits declined 16% to Rs 6 crore

HIL Q1 net up 174% to Rs 32 cr

Revenue during same period increased by 33% from Rs 271 cr tot Rs 361 cr


Today's picks

Nifty, YES Bank, Tech Mahindra, Idea Cellular & Hndalco

Panel to decide on aluminium supply to downstream units

Committee will also devise a mechanism for allotment of the raw material to various units at the park

IMFA EBITDA down 20% in Apr-Jun period

Company exported ferrochrome worth Rs 223.60 cr versus Rs 248.10 cr year on year


Slow start to fertiliser sales this year: Murugappa chairman

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

Despite weak monsoon, sugar output to be 25 MT

Govt's move to hike import duty on sugar will boost domestic industry, says group chairman Vellayan

Coromandel extends finance support to local school

Coromandel and IIM-A Alumni Association to contribute Rs 3.5 cr each to school's corpus


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

Hindustan Media Q1 net up 12% at Rs 33.88 crore

Net sales during the quarter increased by 16.81%

Brokerage views on RIL, Bajaj Auto, UltraTech Cement, Oberoi Realty

A quick view on how brokerages like Nomura, Kotak Securities, Motilal Oswal and Karvy interpret the latest results


ONGC to speed up development of KG gas finds

Company has made 11 oil and gas discoveries in the Block KG-DWN-98/2

Reliance Industries extends gain post Q1 earnings

The stock rallied 5% to Rs 1,026 from Rs 977 in past two trading sessions on the Bombay Stock Exchange.

ONGC's subsidy largesse, its ailing sisters and the angry wife

The govt uses cash generated by ONGC to compensate under-recoveries in oil marketing companies


Today's picks

Nifty, Bank Nifty, HDFC, GAIL & HCL Tech

Greenply Industries gain on robust Q1 results

Greenply Industries' net profit surged 33.9% to Rs 30.23 crore on 7.5% growth in net sales to Rs 516.74 crore in Q1

Financial Technologies surges on stake sale in MCX

FTIL surged 7% to Rs 286, while MCX rallied 6% to Rs 830 and Kotak Mahindra Bank gained 3% to Rs 967 on NSE.


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
(%)

27901.00
-186
-0.66

6177.00
-13
-0.21

45101.00
-73
-0.16

228.80
-3.4
-1.46

428.95
+0.4
+0.09

FEATURES

In Depth Rss icon

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

Will budget reforms help the Railways get back on track?

While govt's intention is to revamp India's rail network, a half-hearted attempt at creating more efficient body could derail the whole process

Real Estate

Realtors tweak strategy for affordable housing

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

Brand World Rss icon

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

mobile phone

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

Business Education Rss icon

Symbiosis to set up Rs 300-cr health sciences park

The park will also have a charitable hospital with a 200-bed capacity