COMPANIES »

Debt-ridden GMR plans to raise Rs 5,400 cr


Amount likely to be raised through asset sale, equity issue; company might divest a few road and power plants

ECONOMY »

PMO to review cash transfer for gas subsidy


Govt expects to save Rs 10,000 crore through this move

TINY LABOURERS »

Rolling bidis is child's play in this Chhattisgarh village


We take a look at how child workers, though forming the major part of workforce in bidi industry, are not technically ‘labourers’

AROUND THE WORLD »

Mixed economic signals from China


Third quarter growth rises 7.3%, the lowest quarterly growth since the depths of the financial crisis in 2009

CURRENT AFFAIRS »

Black money names will embarrass Congress: Jaitley


Jaitley said the names of those account holders against whom charges are filed by the Indian authorities would be disclosed in the court shortly

MARKETS »

Tax pressure eases on existing AIFs


I-T appellate tribunal rules that July circular on beneficiaries cannot be applied retrospectively

PERSONAL FINANCE »

Toss-up between banks and transfer agents


Shop around for the best exchange rate and the lowest fees

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Derivatives

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Columnists

Loss leader
Mihir S Sharma

Government's reforms are too half-hearted - but Rahul Gandhi's Congress is too amateurish and inept to hold it to account

The truth hidden by
IBM's buybacks

Andrew Ross Sorkin

The company's success in recent years has been tied more to financial engineering than actual performance

Regional parties down
but not out

Bharat Bhushan

These regional parties not only have the same development goals as the national parties but also promise good governance

The Chinese road to
development

Subir Roy

It remains to be seen how Narendra Modi will take diverse state governments along with him, persuading and building a consensus

BLOGS


All the Queen's gold
Katya Naidu

Though Jayalalithaa was convicted mainly for land grabbing, it was the images of 30 kg of gold that remained in public memory

Were Rajdeep Sardesai's 5 questions on Modi provocative?
Jency Jacob

Sardesai's detractors blame him for provoking the crowd at Madison Square Garden, but did he?

EDITORIAL COMMENT

Forward and back

Reform for LPG, but coal order ignores need for regulation

Banks or farmers?

Worrying implications of a judgment on sugar

Financial X-ray

JSW Steel: Q2 show suggests worst is over

Net sales rise 7% amidst weak demand, operating profit up

Improving CV cycle, lower diesel prices to benefit STFC

Disbursements pick up but asset quality on analysts' radar

BOOK REVIEWS

Utopia, out of office

What God's Own Office advocates - work from home - is already the emerging reality around us, as technology enables a new economy to take shape

The slaughterhouses of the world

Richard Flanagan’s The Narrow Road To The Deep North is a war story that treats mysteries of love and mysteries behind evil with equal weight

Robert Cyran

Singular horsepower
Robert Cyran


Apple's new, new things overshadowed by old thing

Una Galani

Voting for business
Una Galani


Hong Kong tycoons can be part of protest solution

CompaniesRss icon

South Indian Bank net dips 40%

The bank had logged net profit of Rs 126.75 crore during the corresponding quarter in the previous financial year

Jet, SpiceJet start another fare war

Airlines announce limited period one-way all-inclusive fares starting Rs 899

Debt-ridden GMR plans to raise Rs 5,400 cr

Amount likely to be raised through asset sale, equity issue; company might divest a few road and power plants


Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever

Power brands light the way for Jyothy Labs

Having failed to excite consumers with too many brands, the maker of Ujala and Henko is now focusing on six of them

United Spirits reports Rs 55.6 crore net loss in Q1

The loss during the first quarter was mainly on account of a provision made towards the investment made in subsidiaries


South Indian Bank net dips 40%

The bank had logged net profit of Rs 126.75 crore during the corresponding quarter in the previous financial year

HDFC Bank net up 20%, a tad short of expectations

Yet, operationally, a good quarter, with a pick-up in retail loan growth, steady margins, asset pressure under control

Aditya Birla Financial Services to enter health insurance

Signs MoU with South Africa's MMI Holdings


Samsung and Airtel launch integrated digital TVs

Samsung's SmartDirect TVs will come designed with in-built Airtel digital satellite tuner, will enable DTH signal reception without set-top-box

Nokia workers lobby Commerce Minister Sitharaman's to prevent shutdown

Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry

Idea Cellular Q2 profit up 69%

The growth was on the back of strong subscriber addition and surge in data usage


Kalyani Group's Synise partners with UKs cloudBuy

Tie-up aims to create B2B market place to cater to procurement of indirect material by various industries

Zensar net profit down 4.7% annually

Growth across sectors and signs new deal worth $25mn during Q2

Financial Technologies tanks 20% on government order to merge with NSEL

The stock locked in lower circuit of 20% at Rs 170 on National Stock Exchange.


India formula behind Hyundai's new high

As other global car makers struggle in India to keep sales consistent, the Korean player has made a heady combination out of design, launches ...

Gujarat set to get biggest piece of 'Make in India' pie

Analysts claim Modi replicating state success model at Centre

TVS Motor hits new high on FII buying

So far in 2014, the stock rallied 233% to Rs 253 from Rs 76 compared to 25% rise in the benchmark S&P BSE Sensex.


Oberoi Realty extends gain post Q2 results

The stock rallied 5% to Rs 230, extending in past two day's 5% gain, on reporting 30% yoy growth in operating profit.

India Inc's Sept foreign borrowing down 5.3% on yr at $3.17 billion

The domestic firms had raised $3.35 billion from overseas in the same month a year ago

Oberoi Realty Q2 net profit up 10% at Rs 70.54 cr

Company had posted net profit of Rs 64.14 crore in the July- September period of 2013-14


Jet, SpiceJet start another fare war

Airlines announce limited period one-way all-inclusive fares starting Rs 899

Departure time gets a new meaning in aviation

Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines

Early festive season sees air traffic grow the fastest this September

Budget carrier IndiGo keeps lead, with one in three preferring to fly with it


GACL's Q2 PAT sees marginal rise, at Rs 48 crore

The company's first quarter net profit stood at Rs 56.95 crore

UltraTech: On a strong wicket

Realisations, overall performance beat most estimates, but some analysts are disappointed as cost pressures continue

UltraTech Cement gains as Q2 earnings beat estimates

Consolidated net profit rose for Jul-Sep increased 47% to Rs 416 crore against Rs 283 crore in the same quarter last fiscal


Tata Coffee back in black with Rs 32.4 crore profit in Q2

Firm had net loss of Rs 12.9 crore in the corresponding quarter last year

Two MCFL investors tender 2.6% stake to Deepak Fertilisers

The takeover battle further intensified last month after Deepak Fertilisers raised its open offer price to Rs 93.60 per share

Rallis India drops 7% on weak earnings

Rallis India, slumped over 7% after it reported marginal decline in its consolidated net profit to Rs 73.43 crore in Q2


Zee Media falls on reporting loss in Q2 results

The stock has declined around 2.5% on BSE after the company posted net loss of Rs 12.8 crore in the July-September quarter

Today's picks- 20 October 2014

Nifty, Bank Nifty, Jindal Steel & Power & Zee Entertainment

Panasonic Appliances to delist shares from stock exchange

Indian promoters sells entire share to the Japanese partner


Reliance partner Niko falls 48%

Shares of Canada-based Niko Resources, a partner of Reliance Industries (RIL) in the D6 block in the Krishna-Godavari basin and NEC-25 gas block ...

Govt meeting bankers to discuss share sale in ONGC

The govt on Saturday lifted diesel price controls and raised the cost of natural gas

FIIs up stake in oil PSUs in September quarter

FIIs bought 21.79 million shares of ONGC during July-September quarter.


Beyond Business Rss icon

Food for froth

Wheat beer with prawns? Or light lager with cheese?

Alice in dastangoi

M Farooqui & his team of dastangos are branching out from the traditional realms of storytelling to newer tales like Dastan Goopi Bagha Ki

Commodities

Commodity
Price(Rs)
Change
(%)

27541.00
+126
+0.46

5019.00
-37
-0.73

38740.00
+207
+0.54

410.65
+3.75
+0.92

226.10
+0.6
+0.27

FEATURES

In Depth Rss icon

Commodity exchanges try to revive volumes

They are banking on forward trading to make up for the loss due to the dwindling interest in gold and non-farm commodities futures

Departure time gets a new meaning in aviation

Stressful work schedules and limited growth opportunities are taking a toll on a large number of senior professionals in airlines

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

India formula behind Hyundai's new high

As other global car makers struggle in India to keep sales consistent, the Korean player has made a heady combination out of design

Power brands light the way for Jyothy Labs

Having failed to excite consumers with too many brands, the maker of Ujala and Henko is now focusing on six of them

Business Education Rss icon

Bulk hiring of engineers is back

For better placement, campuses end exclusivity to one company by inviting all firms on Day One