BSE closes points 27.02 up on September 24

New Delhi, September 24 (ANI): Trading at the Bombay Stock Exchange today closed 27.02 points up to stand at 19927.98. At the National Stock Exchange the Nifty closed 2.70 points up to stand at 5892.45. Ashok Leyland and Eicher Motors were among the top gainers of Group A with an increase of 7.93% and 5.82% along with Sobha Dev and IFCI with an increase of 4.11% and 3.60% respectively, while the top losers of Group A include Bajaj Finance Ltd and Shriram Transport Finance Company Ltd. with a decrease of 5.74% and 5.71% along with Bank of India and Coromandel International Ltd. with a decrease of 4.43% and 4.30% at the close of the markets. The Auto sector is up 124.52 points at 11,197.79 while the banking sector is down 36.32 points at 11,594.25 and the realty sector is down 3.44 points at 1,227.94. The Indian currency is down 0.03% at Rs 62.62 per dollar. Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

New Delhi, Sept 24 (ANI): Commerce Ministry said that the widening trade deficit with China is a matter of concern and not sustainable in the long run, as representatives from both countries met to explore greater business opportunities between the countries. India-China Business Matchmaking Symposium in New Delhi was organised by the Confederation of Indian Industry (CII) and Trade Development Bureau (TDB) of China, in the backdrop of exponential growth in the trade sector between the two countries in the last few years. The Chinese business delegation headed by Vice Director General of Chinese Trade Development Bureau (TDB) Jia Guoyong consisted of delegates from various sectors of business and trade. Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

New Delhi, Sept 24 (ANI): Commerce Ministry said that the widening trade deficit with China is a matter of concern and not sustainable in the long run, as representatives from both countries met to explore greater business opportunities between the countries. India-China Business Matchmaking Symposium in New Delhi was organised by the Confederation of Indian Industry (CII) and Trade Development Bureau (TDB) of China, in the backdrop of exponential growth in the trade sector between the two countries in the last few years. The Chinese business delegation headed by Vice Director General of Chinese Trade Development Bureau (TDB) Jia Guoyong consisted of delegates from various sectors of business and trade. Sep 24, 2013

No plans for selective stimulus package: Finance ministry

New Delhi, Sept 24 (ANI): Senior finance ministry official, Arvind Mayaram said on Monday that India has no plan to offer a special window to lend funds at lower interest rates to companies in some sectors.The finance ministry and the central bank were considering a selective stimulus plan that involved a debt-buying programme for eligible companies. Mayaram said that the banks in India have not yet developed the capability of appraising projects for a long duration. Mayaram also said that the government or the Reserve Bank of India (RBI) does not target any rate. Sep 23, 2013

BSE closes points 380.64 down on September 23

New Delhi, September 23 (ANI): Trading at the Bombay Stock Exchange today closed 380.64 points down to stand at 19883.07. At the National Stock Exchange the Nifty closed 122.35 points down to stand at 5889.75. Gitanjali Gems and Motherson Sumi Systems were among the top gainers of Group A with an increase of 4.88% and 4.55% along with Jubilant Food works Ltd. and Titan Industries with an increase of 3.61% and 3.51% respectively, while the top losers of Group A include Union Bank and Yes Bank with a decrease of 9.97% and 8.87% along with Bank of Baroda and Oriental Bank with a decrease of 7.37% and 7.31% at the close of the markets. The Auto sector is down 144.27 points at 11,059.38 while the banking sector is down 562.11 points at 11,604.75 and the realty sector is down 61.42 points at 1,225.70. The Indian currency is down 0.67% at Rs 62.65 per dollar. Sep 23, 2013

Jobless Italians return to vineyards for harvest

Vineyards in northern Italy are holding a 'harvest of solidarity' this year. The aim is to give unemployed Italians a job. It is proving so popular that hard-up Italians who used to shun farm work are beginning to replace immigrants. Duration: 02:32 Sep 22, 2013

BSE closes points 360.42 down on September 20

New Delhi, Sep 20 (ANI): Trading at the Bombay Stock Exchange today closed 360.42 points down to stand at 20286.22. At the National Stock Exchange the Nifty closed 103.45 points down to stand at 6012.10. TV18 Broadcast and Madras Cements were among the top gainers of Group A with an increase of 12.31% and 8.61% along with Shriram City University and IRB Infrastructure Developers Ltd. with an increase of 7.81% and 7.38% respectively, while the top losers of Group A include DLF and Oriental Bank with a decrease of 11.55% and 9.70% along with HDIL and Indian Bank with a decrease of 8.47% and 8.31% at the close of the markets. The Auto sector is down 150.43 points at 11,232.64 while the banking sector is down 527.80 points at 12,170.03 and the realty sector is down 89.93 points at 1,287.12. The Indian currency is down 0.73% at Rs 62.22 per dollar. Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 2

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect. Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 1

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect. Sep 20, 2013

India reckons revived reforms for failing economy

New Delhi, Sep 20 (ANI): The tapering trends in Indian economy urgently demands deepening of economic reforms so as to stabilise the dwindling economy of the country. India___s Finance Secretary Arvind Mayaram stated this while interacting with the mediapersons in New Delhi. Earlier on Wednesday (September 18) the US Federal Reserve announced that it will continue with its monthly $85 billion bond buying programme and wait for more evidence of growth recovery. He also assured that the Indian government is working for the growth recovery and normalisation of the Indian currency. Sep 20, 2013

Turkey alcohol laws threaten wine-making industry

The islanders of Turkey's Bozcaada worry that Prime Minister Erdogan's recent restrictive laws relating to the sale and advertising of alcohol will threaten their livelihood and their centuries-old culture of wine-making. Duration: 01:45 Sep 20, 2013

Leather exporters reap huge profits; quote competitive prices to international buyers

Kanpur, Sep 19 (ANI): Leather exporters in Kanpur earned huge profits in selling their products to European countries as fluctuating Indian Rupee helped them to reap huge profit, while they quoted competitive prices to international buyers. The exporters are working hard to complete their orders from various European nations who are their regular buyers. Factory owners are ensuring that they work around the clock to complete the orders on time and are leaving no stone unturned to strike deals with international buyers. Sep 19, 2013

BSE closes points 663.39 up on September 19

New Delhi, September 19 (ANI): Trading at the Bombay Stock Exchange today closed 663.39 points up to stand at 20625.55. At the National Stock Exchange the Nifty closed 208.40 points up to stand at 6107.85. YES Bank Ltd. and Indian Bank were among the top gainers of Group A with an increase of 23.24% and 12.82% along with Reliance Communications Ltd. and Union Bank with an increase of 12.04% and 11.21% respectively, while the top losers of Group A include Gitanjali Gems and Wipro with a decrease of 4.68% and 2.14% along with Mphasis and Shriram City University with a decrease of 2.02% and 1.98% at the close of the markets. The Auto sector is up 310.69 points at 11,377.94 while the banking sector is up 809.27 points at 12,701.31 and the realty sector is up 69.53 points at 1,376.72. The Indian currency is up 2.38% at Rs 61.87 per dollar. Sep 19, 2013

Sensex surges over 600 points to 2013 high on US Fed Reserve's move

New Delhi, Sep 19 (ANI): The Sensex of the Bombay Stock Exchange surged over 600 points after a stop-gap-up start and hit fresh high of 2013, as the U.S. Federal Reserve took a decision to continue with the stimulus programme to boost economic sentiment. All the sectoral indices were in the green with banks, with realty and auto stocks leading the rally on hopes of dovish stance by the Reserve Bank of India Governor Raghuram Rajan at its policy review meet. At 9:35 a.m.; the 30-share index was at 20,509.93, up 547.77 points or 2.74 per cent. It touched a high of 20,567.61 and a low of 20,347.30 in early trade. Sep 19, 2013