Yashodhara Raje Scindia underscores skill development for youth at Global Investors Summit

Indore, Oct 09 (ANI): Madhya Pradesh Commerce and Industry Minister Yashodhara Raje Scindia said at the Global Investors Summit that she will take steps for skill development of the youths and unemployed of the state so that they become self reliant. During a news conference at the Global Investors Summit, the minister said the regional government will ensure skill availability within the state. Barely weeks after Prime Minister, Narendra Modi, launched his 'Make in India' initiative, Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan, inaugurated a three-day Global Investors Summit on Wednesday, inviting business leaders from across the world to invest in the state. Scindia added that enhancing employment is one of the primary objectives of her government. She said she will also urge corporate houses to adopt industrial training institutes so that they can directly hire talent from there. Day one of the summit was dedicated to Micro, Small and Medium Enterprises (MSME). Scindia said the MSME sector demands special attention from the federal government. Oct 9, 2014

BSE closes points 25.18 down on Oct 8

New Delhi, Oct 8 (ANI): Trading at the Bombay Stock Exchange today closed 25.18 points down to stand at 26,246.79. At the National Stock Exchange the Nifty closed 9.70 points down to stand at 7,842.70. BF UTILITIES LTD. and IOC were among the top gainers of Group A with an increase of 9.87% and 6.99% along with NATIONALUM and GSFC with an increase of 5.91% and 5.71% respectively, while the top losers of Group A include NATCO PHARMA LTD. and CREDIT ANALYSIS AND RESEARCH LTD. with a decrease of 6.96% and 5.62% along with JKLAKSHMI and HEXAWARE with a decrease of 5.44% and 5.02% at the close of the markets. The Auto sector is up 101.28 points at 17,673.98 while the banking sector is up 189.76 points at 17,576.06 and the reality sector is up 24.34 points at 1,575.70. The Indian currency is down 0.07% at Rs 61.38 per dollar. Oct 8, 2014

BSE closes points 296.02 down on Oct 7

New Delhi, Oct 7 (ANI): Trading at the Bombay Stock Exchange today closed 296.02 points down to stand at 26,271.97. At the National Stock Exchange the Nifty closed 93.15 points down to stand at 7,852.40. GMRINFRA and APOLLOTYRE were among the top gainers of Group A with an increase of 12.08% and 6.04% along with HATHWAY and SCI with an increase of 5.34% and 5.29% respectively, while the top losers of Group A include DEN and CYIENT with a decrease of 8.54% and 7.93% along with PETRONET and POLARIS with a decrease of 6.27% and 6.00% at the close of the markets. The Auto sector is down 129.45 points at 17,590.42 while the banking sector is down 178.83 points at 17,359.74 and the reality sector is down 19.88 points at 1,551.36. The Indian currency is up 0.32% at Rs 61.41 per dollar. Oct 7, 2014

Market Experts say RBI keeping repo rate unchanged at 8% expected due to inflation

New Delhi, Sep 30 (ANI): After Reserve Bank of India Governor Raghuram Rajan left repo rate unchanged at 8 per cent, Market Experts on Tuesday said that the decision was expected due to risk of inflation. Rajan has decided to keep the interest rate unchanged and said that 2016 CPI target of 6% is at risk. Akash Jindal said that RBI seems to be giving importance on reduction of inflation as interest rates are not changed. Market Expert Nirav Vakharia also supported the decision over the aforesaid risk. Rajan on uesday issued his fourth bi-monthly credit policy review. Sep 30, 2014