MARKETS »

Nifty reclaims 8,400 mark on firm macro data, global cues


The Sensex surged 142 points to close at 27,705 and the Nifty surged 47 points to end at 8,422

COMPANIES »

GM drives out of Halol, to invest $1 bn in Talegaon by 2020


Halol output to stop from second half of 2016, Talegaon capacity to be expanded to 220,000 units a year

93 Blast, Yakub Memon, BJP, Plaza Theatre

CURRENT AFFAIRS »

Sena, BJP want Yakub 'sympathisers' to be charged with treason


Members of Sena-BJP raised slogans in the Maharashtra Legislative Assembly demanding 'dalals' of Yakub Memon be punished

ECONOMY AND POLICY »

Blame call drops on missing mobile phone towers


DoT asks state governments to help telecom companies set up cell sites and prevent ad hoc closures

AROUND THE GLOBE »

Facebook profit falls 9% as costs soar


Says expenses to grow 55-60% in 2015; shares fall 3%

BRAND WORLD »

Trujet builds a budget brand


Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?

FINANCE »

Some progress on bank NPAs: RBI


The RBI has taken several steps to ensure stressed assets can be recognised early on and resolved more prudently

BS Poll

What is your opinion on the death penalty in India?

Keep it only for rarest of rare cases  
Abolish it  
Broaden rarest of rare to include rape  
Keep it, but use injections  

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Derivatives

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Columnists

Where is that recovery?
Mihir S Sharma

Policy pre-requisites for corporate earnings growth are being ignored

Turnaround time
Anjuli Bhargava

Yes, things are looking up for low-fare airline SpiceJet, but it's not a turnaround... not yet

The necessary art of
ignoring Pakistan

Nitin Pai

Pakistan does not matter much to India's growth. A bigger, stronger and more open Indian economy will transform our ties with that country

We've got a long way to
go, baby

Kanika Datta

We may have addressed sexual harassment in the workplace. But the gender inclusive workplace? That’s got a long way to go

BLOGS


Tuktuki Mondal case underlines the deep religious fault lines in India

No answer can satisfy Hindutva activists who are obsessed with conspiracy theories and victim hood

Curtailing RBI Governor's veto powers is another flash point between RBI & Govt

Urjit Patel panel wanted all members to be appointed by RBI

EDITORIAL COMMENT

Dangerous profiling

DNA profiling Bill needs major changes to protect privacy

A normal monsoon?

Contrary to some predictions, rainfall adequate so far

Financial X-ray

Aluminium premiums, crude prices hit Vedanta

Ebitda declines by a third, despite zinc and copper segments chipping in

Dabur: Cautious guidance outweighs steady show in Q1

Management indicates subdued demand in rural areas could hit growth, hopes for pick-up

BOOK REVIEWS

2008 and its aftershocks

The book is a clarion call to economists to expand the body of work they rely on to include the works of Marx, Hayek and Kondratieff

Decoding Putinism

Walter Laqueur writes in Putinism: Russia and Its Future With the West, an aptly timed and much needed look at the mercurial master of Kremlin

Payment not guaranteed
Robyn Mak


China worries start now for Visa and MasterCard

Too much weight
Olaf Storbeck


Only pilots can end Air France's flight to nowhere

CompaniesRss icon

Dr Reddy's Q 1 net profit up 14% at Rs 625 cr

Total income from sales and services grew 7% at Rs 3,757 cr

Dr Reddy's gains 5% as Q1 profit beats forecast

The company posted net profit of Rs 626 crore in the June quarter against an average analyst estimate of Rs 569 crore.

State Bank of Mysore Q1 net up 26% at Rs 94 cr

Total income up 4.5% to Rs 1,952 cr; gross NPAs down to 4.21% from 5.13%


ITC Q1 net up by 3.6% at Rs 2,265 cr

Cigarette volumes for the company had shown double digit decline over the last few quarters

ITC Q1 net profit up by 3.6% at Rs 2,265.4 crore

Net sales however declined by 7.18%

Eveready to enter home and kitchen appliances biz

Company has turned profitable in the past two financial years


State Bank of Mysore Q1 net up 26% at Rs 94 cr

Total income up 4.5% to Rs 1,952 cr; gross NPAs down to 4.21% from 5.13%

BOB Q1 net profit down 22.7% at Rs 1, 052 crore

High staff expenses, depreciation in investments dents bottom-line

IDFC Q1 standalone net down 46% at RS 241 cr

However, the total income rose marginally to Rs 2,087 cr


Dr Reddy's Q 1 net profit up 14% at Rs 625 cr

Total income from sales and services grew 7% at Rs 3,757 cr

Dr Reddy's gains 5% as Q1 profit beats forecast

The company posted net profit of Rs 626 crore in the June quarter against an average analyst estimate of Rs 569 crore.

Hikal dips on disappointing June quarter results

The stock dipped 9% to Rs 126 after reporting a sharp 68% YoY decline in net profit at Rs 1.83 crore in June quarter.


JMT Auto hits new high; zooms nearly 300% in five-weeks

Since June 25, the market value of auto parts & equipment manufacturer has zoomed nearly 300% from Rs 29 to Rs 110.

TVS Motor to launch three products by January 2016

Company to launch new Moped, new TVS Victor and Apache 200cc

Maruti Suzuki net jumps 56% to Rs 1,192 cr in Q1

Net sales of the company grew 18% to Rs 13,078 crore annually


NIIT soars over 50% in two weeks post Q1 results

The stock has surged by 10% to a 52-week high of Rs 80.95 this morning, rallying by 56% in the past two weeks from Rs 52.

Logistics stocks gain on Cabinet nod for GST changes

Gati, Patel Integrated, Blue Dart, Snowman Logistics, Transport Corporation and Container Corporation are up 3-8% each.

SpiceJet in talks with Airbus, Boeing to acquire over 100 planes

The airline is looking to rebuild its business after almost collapsing last year, said chief financial officer Kiran Koteshwar


Blue Star Q1 net up 26% at Rs 39 cr

The company's operating income jumped by 8% to Rs 908 cr

Dalmia Bharat surges on robust Q1 results

The stock surged 14% to Rs 725 after the company posted profit of Rs 42 crore in June quarter against loss of Rs 27 crore in a year ago quarter.

We aim to double revenues in 4 years: Baba Kalyani

During last year, Bharat Forge also strengthened its balance sheet retiring debt of around Rs 530 cr, including Rs 407 cr high cost rupee debt


Maggi mess: Nestle sees first loss in two decades

India's largest food firm by revenue reported a loss of Rs 64.4 cr for Apr-Jun

GSFC Q1 net declines 7% to Rs 101 cr

Total income of the Vadodara-based company also decreased by 12% to Rs 1,100 cr

Rallis: Monsoon key to revival in performance

July has seen a revival in monsoon and if the pace continues, Rallis can rebound


Dish TV: Signals getting stronger

Margins are expected to improve from here as revenue growth will be stronger than increase in costs

Dish TV posts Q1 profit at Rs 54 cr

Despite Q1 being a relatively weak quarter seasonally, Dish TV gained subscribers both in the Phase 3 and Phase 4 markets

Today's picks- 28 July 2015

Nifty, Bank Nifty, Tata Motors, ACC & Zee Entertainment


Upstream oil PSUs lubed up for stronger Q1 earnings

Downstream refiners could see a moderation in earnings, led by weaker refining margins and possible forex losses

Essar Oil first quarter net profit up 55% at Rs 1,063 cr

Gross Refining Margin rises 22% to $11.05 per barrel

Essar Oil gets stock exchanges go ahead for delisting

Delisting the company will give promoter Ruia borthers greater flexibility and less regulatory scrutiny while selling a stake in the refiner


Today's picks- 29 July 2015

Nifty, Bank Nifty, Tata Power, GAIL & Tata Steel

Plywood makers pin hopes on GST to improve market

In the Rs 25,000-cr Indian plywood market, the unorganised sector has around 65% market share

Nava Bharat Ventures zooms 20% as arm achieves financial closure for a project

Maamba Collieries has achieved financial closure of its integrated coal & power project of an estimated cost of USD 828 million.


Technology Rss icon

Windows 10 launched: A fresh start, and a few bugs

Users find the new Windows a definite improvement, but a work-in-progress

Beyond Business Rss icon

Drama on my platter at Nautanki in Ahmedabad

Nautanki in Ahmedabad offers a rare gastronomical experience but needs to do more

Towering over the Statue of Liberty

The world's tallest sitting statue is coming up near Hyderabad. The author looks at the ambitious project

Commodities

Commodity
Price(Rs)
Change
(%)

24622.00
-98
-0.4

3143.00
-5
-0.16

33822.00
-153
-0.45

339.70
-1.95
-0.57

184.60
+1.1
+0.6

FEATURES

In Depth Rss icon

Bharti Airtel's plot veers off script in Africa

Five yrs after it ventured into Africa, Airtel wants to sell 4 of its subsidiaries there to France's Orange, signaling a change in its strategy

CSR: What keeps companies from doing good?

Evolving rules & anomalies over tax treatment constrain corporate programmes in the first year that govt's CSR mandate has been in force

Start-ups

Street where learners, teachers meet

Cloud-based Linkstreet helps clients create, store, manage and monetise video content

Brand World Rss icon

Trujet builds a budget brand

Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits. Can it keep its course?

Milking the value chain

The dairy market is seeing a shift in consumer preferences as branded, value added products, bring in the bacon