MARKETS »

Markets resilient; Nifty ends above 8,200 amid firm global cues


ICICI Bank, Infosys, RIL and TCS lead the rally

SPICEJET IN CRISIS »

Kalanithi Maran flies into rough weather with SpiceJet


Those in the know say Maran is getting tired of bailing the airline out and might not do so indefinitely

COMPANIES »

ICICI Bank out of Russia, trims foreign operations


Lender repatriates capital from its UK, Canada arms over macroeconomic uncertainties, strict regulations and tepid growth opportunities

AROUND THE WORLD »

China 2013 GDP revision won't affect growth this year


China raised the estimated size of its economy for 2013 by 3.4% to 58.8 trillion yuan

ECONOMY »

TN opposes GST amendment Bill


The govt should evolve a broad consensus on critical issues before pushing through the GST Bill, TN chief minister O Paneerselvam has said

CURRENT AFFAIRS »

CAG exposes irregularity in Railways' freight mgmt


Railways' rolling stock procurement for freight not in line with required assessment, says govt auditor

WEEKEND SPECIAL »

Winter comfort with a gourmet twist


Renowned chefs reinvent traditional age old recipes for your palate

OPINION »

COLUMNIST »


Jaimini Bhagwati & Abheek Barua: Yes, the rupee is overvalued

Rupee volatility could be dampened if it is steadily manoeuvred to levels consistent with inflation differentials

Shyamal Majumdar: Do you have any questions?

If an interviewer asks that, the answer should be an obvious one: 'Yes, I do'

ON THE BEAT »


Cricket

The Indian bowlers and their bindaas ways

Dhoni appealed to Ishant Sharma's bindaas ways, and the bowler conceded 47 runs in 9 overs without taking a wicket, writes Joel Rai


BS Poll

Is it time for Prime Minister Narendra Modi to break his silence on the conversion issue and break the deadlock in parliament?

Yes  
No  
Can't Say  

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Derivatives

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Columnists

Yes, the rupee is
overvalued

Jaimini Bhagwati & Abheek Barua

Rupee volatility could be dampened if it is steadily manoeuvred to levels consistent with inflation differentials

Do you have any
questions?

Shyamal Majumdar

If an interviewer asks that, the answer should be an obvious one: 'Yes, I do'

Russians quit London
luxury homes as only
super rich stay

Patrick Gower

Wealthy Russian homebuyers are vanishing from London after driving a wave of foreign investment that lifted property prices to records

The auditor who didn't
agree

Bhupesh Bhandari

RP Singh, who disputed 2G scam figure, may be dead but the debate on the loss drags on

BLOGS


Give them a fair chance
Somasroy Chakraborty

Old private banks that escaped nationalisation of 1960's and 1970's typically began as community banks

Cheers to the perfect cup of tea
Kavita Chowdhury

Musings on December 15, the International Tea Day

EDITORIAL COMMENTS

Russia in trouble

Perils of open capital account underlined

A temporary reprieve

United States Federal Reserve gives emerging markets a breather

Financial X-ray

Weak oil to offset rising gold imports, CAD estimated at 1.4% of GDP

Current account deficit estimated at 1.4% of gross domestic product

Weakness in rupee likely to stay

Experts believe it is only a matter of time before the currency touches the 64-65 mark

BOOK REVIEWS

A greater escape

Mark Felton has written a straightforward adventure story, which is undoubtedly the object of the exercise, and he’s done it excellently

KP off the bat

'I don't march in step. I don't ask people to trample all over me because it might make them feel better. That's not who I am.'

John Foley

Mud sticks
John Foley


Avon exposes ugly side of doing business in China

Chris Hughes

No Quarta should be given
Chris Hughes


WPP chair should be vertical as well as horizontal

CompaniesRss icon

IDBI to sell 5% stake in NSE

This transaction may fetch the public-sector lender about Rs 1,000 crore

Delta Corp gains on stake sale plan in Advani Hotels

Delta Corp has engaged Yes Bank, a merchant banker, to explore possibilities for sale of the company's interest in Advani Hotels and Resorts ...

Battle for frequent flyers breaks out as Jet Airways offers bonus miles

Jet Airways offering bonus frequent flyer miles to passengers on Mumbai-Delhi and Mumbai-Ahmedabad routes


IDBI to sell 5% stake in NSE

This transaction may fetch the public-sector lender about Rs 1,000 crore

ICICI Bank out of Russia, trims foreign operations

Lender repatriates capital from its UK, Canada arms over macroeconomic uncertainties, strict regulations and tepid growth opportunities

SBI approves OTS for mining-affected borrowers in Goa

The bank has proposed 30% waiver on principle loan amount to the truck owners and 40% to the barge owners


Today's picks- 17 December 2014

Nifty, Bank Nifty, DLF, Tata Steel & Bharti Airtel

Airtel to sell telecom tower assets in Zambia and Rwanda to IHS

The deals will allow Airtel to focus on its core business, reduce debt and cut down on capex

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.


Today's picks- 18 December 2014

Nifty, Bank Nifty, Jindal Steel, TCS & Cairn

Intellect Design Area up 5% on listing; Polaris zooms 16%

Intellect Design Arena, the demerged BFSI focused product company from Polaris, listed on the stock exchanges today.

Mastek hits fresh 52-week high; Stock surges over 35% in four-days

The stock rallied 18% to Rs 377, also its fresh 52-week high on the National Stock Exchange.


JK Tyre zooms over 35% in two days post stock split

The stock hit a new high of Rs 163, rallied 38% in past two trading sessions from Rs 118 on December 17.

Autoline Industries soars 20% on stake sale plan in US arm

The board will meet on December 22, 2014, to consider and note status of transaction related to stake sale in the Autoline Industries Inc. USA, ...

Punjab National Bank, JK Tyre turn ex-split today

JK Tyre surged 8% to Rs 129, while Punjab National Bank gained nearly 4% at Rs 225 in early morning trades on BSE.


Delta Corp gains on stake sale plan in Advani Hotels

Delta Corp has engaged Yes Bank, a merchant banker, to explore possibilities for sale of the company's interest in Advani Hotels and Resorts ...

Punj Lloyd rallies on FIPB nod for manufacture of defence items

The stock rallied 9% to Rs 38.65 after FIPB approved the proposal of the company for manufacturing of equipment systems and associated ...

SC allows Kimsuk to implead in DLF appeal

Directs SAT to hear the complainant before passing any order


Battle for frequent flyers breaks out as Jet Airways offers bonus miles

Jet Airways offering bonus frequent flyer miles to passengers on Mumbai-Delhi and Mumbai-Ahmedabad routes

The two pitfalls that led to SpiceJet's financial debacle

The airline dropped fares to gain customer load, but failed to cover the cost of its flights

IndiGo, Jet Airways gain while SpiceJet loses market share

Overall, the domestic traffic grew 14.35% last month in comparison to last November


Sugar stocks still not out of the woods

The ethanol price decision will have limited benefits; prospects will look up only with a revival in the sugar cycle

GSK Consumer elevates marketing head Jayant Singh to regional position

Singh will head to Brazil, while company veteran Prashant Pandey will replace him in India

Wagh Bakri rules out IPO

Firm is open to acquisitions to speed up growth; is waiting for GST rollout to decide on new plant site


Sun TV: Positive macros, operational worries

Expectation of advertising recovery and subscription growth are positives but weakening position a worry

Sun TV: Positive macros, operational worries

Expectations of advertising recovery and subscription growth are positives while weakening competitive position is a worry

Jagran Prakashan hits 52-week high on acquisition plan of Radio City

The stock hit 52-week high of Rs 155 on NSE.


Today's picks- 18 December 2014

Nifty, Bank Nifty, Jindal Steel, TCS & Cairn

Is the fall in Aban Offshore justified?

Impact of lower crude oil prices will be offset by de-leveraging gains, say analysts

Domestic oil producers lose Rs 1.4-lakh-cr value in 6 months

Goldman says sector could lose $1 trillion globally if $60 becomes the new normal for Brent crude oil


Technology Rss icon

YU launches 4G Cyanogen OS-based phone for Rs 8,999

The product will go up for registrations via Amazon on Friday

Beyond Business Rss icon

TB is the new lifestyle disease

Crash diets, stress and chronic diseases have brought immunity levels down and made TB a modern-day ailment that is affecting even the affluent

The day I become a Hobbit

The Shire where JRR Tolkien's Hobbits live has now moved from fiction to a farm in New Zealand. It left Latha Srinivasan in a daze with its ...

Commodities

Commodity
Price(Rs)
Change
(%)

26893.00
+78
+0.29

3532.00
-35
-0.98

36625.00
+70
+0.19

406.15
+4.2
+1.04

229.00
-1.6
-0.69

FEATURES

In Depth Rss icon

No consensus on what will replace Plan panel

Some of the proposals might be difficult to implement, especially those that give states a say in the financial allocations in Central schemes

For Bahl, it's 18 all over again

Since his exit from the broadcasting empire he founded, Raghav Bahl has been moving swiftly to prepare for the launch of his mobile news service

Real Estate

Weak real estate sector hits ceramic industry hard

The ceramic industry in Morbi, as it faces a downturn in business because of weak demand from the real estate sector

Brand World Rss icon

Nifty targeting gets Bharat Benz rolling

Daimler's medium-heavy trucks have earned it around 7 per cent share, it claims

Advertising helped insure LIC against competition

For the state life insurer aggressive marketing wasn't on its mind in the 1970s. But it soon changed

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