- 26 Jul 1402:42 AMThe city of Delhi has a population of about 11 million. Imagine a situation where two million Dilliwallahs are herded into a small pocket -say, the Yamuna Pushta (the flood plains on the riverbank).12:26 AM“Try to be happy. Happiness is important. Even birds and trees should be happy. Do not rush to do many things in the time that you are here for this conference.
- 25 Jul 1410:32 PMGirindre Beeharry begins our breakfast by answering a question I haven't asked. "People often ask us about our motive," the soft-spoken country director of the Bill & Melinda Gates Foundation says.10:26 PMPunjab National Bank (PNB), the third-largest public sector bank in India, surprised the Street with its profit growth in the June quarter of FY15. The bank reported a 10 per cent year-on-year (y-o-y) growth in net profit at Rs 1,401 crore, higher than10:25 PMColgate-Palmolive posted lower-than-expected results for the June quarter. The key disappointment was halving of toothpaste volume growth to four per cent, compared with 7-11 per cent in the past four quarters.03:27 PMWhile straddling (capturing strong moves on either side) is a favourite strategy for playing Infosys results, one can probably trade the Wipro results simply by buying naked puts. Wipro has simply failed to impress with its performance.02:00 PMMorgan Stanley expects the size of the Indian USD/G3 bond market to nearly triple in size and reach $160 billion by 2018 driven by non-financials.07:07 AMThe Sensex has gained almost 10 per cent from May 15 till date, while the CNX Infrastructure Index has gained almost 17 per cent in the period.04:36 AMGlenmark Pharmaceutical's 20 per cent sales growth in the June quarter suggests the company lacks any major growth trigger in FY15. Sales growth in the first quarter has been marred by anaemic growth in the US, as no new products have been launched.03:48 AMJSW Energy's June quarter performance came in line with the Street expectations. However, most analysts remain bearish on the stock.02:50 AMOnce a year, the United Nations Development Programme (UNDP) releases its Human Development Report.01:35 AMThe gradual rise in global zinc prices is expected to squeeze the operating margins of galvanised steel producers, due to their inability to pass on the increased cost of production to consumers. Zinc is resistant to rust.12:50 AMEuro zone leaders continue to debate how best to reinvigorate economic growth, with French and Italian leaders now arguing that the euro zone's rigid "fiscal compact" should be loosened.12:48 AMGandhi, Nehru, Patel, Ambedkar - there is much ideological back-and-forth about the value of their respective contributions to shaping India. Those arguments may never end.12:48 AMA host of mid-sized Indian companies are hitting the bond street abroad with a vengeance, and bankers say most of these sub-investment grade companies are expected to raise around $4 billion debt in the next few months.12:46 AMIt may still be premature to conclude that US Secretary of State John Kerry has worked a miracle by solving the Afghan electoral dispute.12:40 AMOnline shoppers are zealous bargain hunters, creating a Catch-22 situation for portals: To discount or be profitable. But that is no deterrent for brands taking to the medium.12:38 AMSpectrum sharing was supposed to be the next big thing for the country's telecom sector: debt-laden service providers wouldn't have to set aside large sums of cash to buy spectrum in auctions, smaller players would be able to get a nationwide footprint12:35 AMDespite strong volume and revenue growth exhibited in the June quarter, TVS Motor disappointed on the profitability front.
- 24 Jul 1409:44 PMBack in the day when all the men were strong, all the women were good-looking and all the children were above average (with thanks to The Prairie Home Companion, a United States radio show from back in the day), dollar strength (or weakness) really meant