Maruti Suzuki sets up manufacturing plant in Gujarat

Ahmedabad, Jan 29 (ANI): Gujarat Chief Minister Anandiben Patel laid the foundation stone of Maruti Suzuki’s car manufacturing plant in Ahmedabad city. Japan's Suzuki group plans to set up three plants in Hansalpur village of Ahmedabad, which will exclusively supply to Maruti Suzuki India Limited. The plant is likely to start production in mid-2017. The foundation stone laying ceremony was held in the presence of Japanese ambassador to India, Takeshi Yagi, Chairman and CEO Suzuki Motor Corporation, Osamu Suzuki, and Chairman of Maruti Suzuki India, RC Bhargava. While addressing a gathering, Suzuki said that setting up of the manufacturing facility was beginning of a new era and also praised Prime Minister Narendra Modi’s ‘Make in India’ initiative. Meanwhile, Bhargava shared details of the project. Jan 29, 2015

BSE closes points 11.86 down on Jan 28

New Delhi, Jan 28 (ANI): Trading at the Bombay Stock Exchange today closed 11.86 points down to stand at 29,559.18. At the National Stock Exchange the Nifty closed 3.80 points up to stand at 8,914.30. AJANTPHARM and TITAN were among the top gainers of Group A with an increase of 11.96% and 7.29% along with SUZLON and SHRIRAM TRANSPORT FINANCE CO.LTD with an increase of 6.96% and 5.53% respectively, while the top losers of Group A include REDINGTON (INDIA) LTD and GSFC with a decrease of 7.38% and 5.77% along with PERSISTENT SYSTEMS LTD and Edelweiss Financial Services Ltd with a decrease of 5.70% and 5.18% at the close of the markets. The Auto sector is down 146.15 points at 20,209.63, while the banking sector is down 105.58 points at 23,406.18 and the reality sector is up 26.46 points at 1,718.83. The Indian currency is up 0.09% at Rs 61.34 per dollar. Jan 28, 2015

BSE closes points 76.26 up on Jan 27

New Delhi, Jan 27 (ANI): Trading at the Bombay Stock Exchange today closed 76.26 points up to stand at 29,355.10. At the National Stock Exchange the Nifty closed 16.15 points up to stand at 8,851.75. JETAIRWAYS and EDELWEISS were among the top gainers of Group A with an increase of 14.74% and 10.25% along with SPARC and MAX with an increase of 10.00% and 9.34% respectively, while the top losers of Group A include GSFC and FSL with a decrease of 11.94% and 7.09% along with UNION BANK and GRUH with a decrease of 5.45% and 5.04% at the close of the markets. The Auto sector is up 265.19 points at 20,371.97. The Indian currency is up 0.22% at Rs 61.46 per dollar. Jan 27, 2015

Business leaders look for better opportunities as India-US CEO forum meet begins

New Delhi, Jan 26 (ANI): Business leaders looked forward to better opportunities as the India-US CEO forum meet began at the Taj Palace Hotel in New Delhi on Monday. Godrej Group Chairman Adi Godrej said that the level of mutual investment & trade will rise tremendously between the two countries. Xpro India Chairman Siddharth Birla said that the communication between the two countries is a clearing logjam. HSBC Chief Naina Lal Kidwai said that the chemistry created by the top leaders between the two countries should be followed at the business level. India-US CEO forum meet is being attended by US President Barack Obama and Prime Minister Narendra Modi. Barack Obama and Narendra Modi will be interacting with dozens of executives from American and Indian companies. Jan 26, 2015

Biocon claims to take Syngene unit public by selling stake

Bengaluru, Jan 23 (ANI): Biocon Ltd would list its research services business arm Syngene by selling up to 15 percent stake in a public offer, the company said, after reporting third-quarter earnings on Friday (January 23). Biocon had previously said it planned to list Syngene but had not given a timeline. Late on Thursday (January 22), it said its board had approved starting the process of listing and hiring merchant bankers to sell 10-15 percent from Biocon's majority stake in the unit in the public offer. Separately, Biocon agreed with Gilead Sciences Inc to licence its chronic hepatitis-C product range, it said in a statement. Jan 23, 2015

BSE closes points 272.82 up on Jan 23

New Delhi, Jan 23 (ANI): Trading at the Bombay Stock Exchange today closed 272.82 points up to stand at 29,278.84. At the National Stock Exchange the Nifty closed 74.20 points up to stand at 8,835.60. SPARC and MAX were among the top gainers of Group A with an increase of 20.00% and 9.03% along with RTN POWER and ADANI ENTERPRISES LTD. with an increase of 8.79% and 7.92% respectively, while the top losers of Group A include IPCA LAB and POLARIS with a decrease of 8.62% and 6.73% along with SUZLON and PMCFIN with a decrease of 6.35% and 4.91% at the close of the markets. The Auto sector is up 278.97 points at 20,086.19 while the banking sector is up 179.20 points at 22,984.00 and the reality sector is up 23.14 points at 1,671.80. The Indian currency is down 0.22% at Rs 61.56 per dollar. Jan 23, 2015

BSE closes points 117.16 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 117.16 points up to stand at 29,006.02. At the National Stock Exchange the Nifty closed 31.90 points up to stand at 8,761.40. SPARC and GSFC were among the top gainers of Group A with an increase of 17.04% and 12.40% along with INDIA CEMENTS LTD and THERMAX with an increase of 8.78% and 7.37% respectively, while the top losers of Group A include SUZLON and PMCFIN with a decrease of 7.45% and 4.90% along with RASOYPR and SUNTV with a decrease of 4.88% and 4.84% at the close of the markets. The Auto sector is up 140.73 points at 19,807.22 while the banking sector is up 83.64 points at 22,804.80 and the reality sector is up 8.92 points at 1,648.66. The Indian currency is down 0.10% at Rs 61.70 per dollar. Jan 22, 2015

BSE closes points 104.19 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 104.19 points up to stand at 28,888.86. At the National Stock Exchange the Nifty closed 33.90 points up to stand at 8,729.50. JUBILANT and TATA ELXSI LTD. were among the top gainers of Group A with an increase of 9.33% and 8.56% along with MUTHOOT FINANCE LTD. and CORPORATION BANK with an increase of 7.00% and 5.89% respectively, while the top losers of Group A include NATCO PHARMA LTD. and GDL with a decrease of 5.90% and 5.62% along with RALLIS INDIA LTD. and ITC with a decrease of 5.47% and 5.01% at the close of the markets. The Auto sector is up 13.81 points at 19,666.49 while the banking sector is up 87.73 points at 22,721.16 and the reality sector is down 3.64 points at 1,639.74. The Indian currency is down 0.16% at Rs 61.59 per dollar. Jan 21, 2015

BSE closes points 522.66 up on Jan 20

New Delhi, Jan 20 (ANI):Trading at the Bombay Stock Exchange today closed 522.66 points up to stand at 28,784.67. At the National Stock Exchange the Nifty closed 144.90 points up to stand at 8,695.60. GDL and PRESTIGE were among the top gainers of Group A with an increase of 9.96% and 7.05% along with ABAN and HDFC with an increase of 6.29% and 5.63% respectively, while the top losers of Group A include PMCFIN and RAJESH EXPORTS with a decrease of 4.96% and 4.43% along with MINDTREE LTD and MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. with a decrease of 4.17% and 3.80% at the close of the markets. The Auto sector is up 136.84 points at 19,658.28 while the banking sector is up 409.99 points at 22,633.4 and the reality sector is up 19.49 points at 1,643.38. The Indian currency is down 0.11% at Rs 61.78 per dollar. Jan 20, 2015

BSE closes points 140.12 up on Jan 19

New Delhi, Jan 19 (ANI): Trading at the Bombay Stock Exchange today closed 140.12 points up to stand at 28,262.01. At the National Stock Exchange the Nifty closed 36.90 points up to stand at 8,550.70. SPARC and RAJESH EXPO were among the top gainers of Group A with an increase of 19.98% and 14.40% along with SUZLON and SINTEX with an increase of 9.00% and 7.95% respectively, while the top losers of Group A include MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. and HINDUSTAN UNILEVER LTD. with a decrease of 6.75% and 5.27% along with PMCFIN and PIIND with a decrease of 4.99% and 4.23% at the close of the markets. The Auto sector is up 189.54 points at 19,515.84 while the banking sector is up 202.03 points at 22,223.44 and the reality sector is up 4.02 points at 1,623.89. The Indian currency is down 0.16% at Rs 61.76 per dollar. Jan 19, 2015

Wipro quarterly profit beats estimates

Bengaluru, Jan 17 (ANI): India's third-biggest software services company Wipro reported a near-9 percent rise in third-quarter profit, slightly ahead of analysts' forecasts, helped by a rise in clients' technology spending. The company said revenue from its IT services business is expected to be $1.8 billion to $1.85 billion in the January-March period, representing growth of up to 3.4 percent from the preceding quarter. Wipro also announced the appointment of Jatin Dalal, senior vice president in the finance department, to take over from retiring CFO Suresh Senapaty from April. Jan 17, 2015

BSE closes points 46.34 up on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 46.34 points up to stand at 28,121.89. At the National Stock Exchange the Nifty closed 19.65 points up to stand at 8,513.80. SUNTV and Edelweiss Financial Services Ltd were among the top gainers of Group A with an increase of 11.04% and 9.09% along with TV18 BROADCAST and SUZLON with an increase of 8.12% and 7.54% respectively, while the top losers of Group A include PMCFIN and RASOYPR with a decrease of 4.92% and 4.49% along with JETAIRWAYS and Welspun Corp LTD. with a decrease of 3.95% and 3.12% at the close of the markets. The Auto sector is up 35.42 points at 19,342.32 while the banking sector is down 1.89 points at 22,021.41 and the reality sector is up 8.44 points at 1,619.87. The Indian currency is up 0.05% at Rs 62.03 per dollar. Jan 16, 2015

BSE closes points 728.73 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 728.73 points up to stand at 28,075.55. At the National Stock Exchange the Nifty closed 216.60 points up to stand at 8,494.15. HDIL and PRESTIGE were among the top gainers of Group A with an increase of 18.66% and 11.46% along with INDIABULLS REAL ESTATE LTD. and DLF with an increase of 10.55% and 10.39% respectively, while the top losers of Group A include PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and RASOYA PROTEINS LTD. with a decrease of 4.50% and 4.30% along with JETAIRWAYS and BERGER PAINTS INDIA LTD. with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 402.26 points at 19,306.90 while the banking sector is up 701.71 points at 22,023.30 and the reality sector is up 119.25 points at 1,611.43.The Indian currency is down 0.56% at Rs 61.83 per dollar. Jan 15, 2015

BSE closes points 78.91 down on Jan 14

New Delhi, Jan 14 (ANI): Trading at the Bombay Stock Exchange today closed 78.91 points down to stand at 27,381.46. At the National Stock Exchange the Nifty closed 10.95 points down to stand at 8,288.45. Bajaj Finance Limited and DABUR were among the top gainers of Group A with an increase of 7.76% and 7.48% along with NHPC and MARICO with an increase of 6.49% and 6.09% respectively, while the top losers of Group SSLT and HINDALCO with a decrease of 8.29% and 6.24% along with FSL and DCBBANK with a decrease of 5.36% and 4.36% at the close of the markets. The Auto sector is up 81.91 points at 18,914.59 while the banking sector is down 54.04 points at 21,366.59 and the reality sector is down 10.92 points at 1,492.18. The Indian currency is down 0.06% at Rs 62.18 per dollar. Jan 14, 2015

BSE closes points 159.54 down on Jan 13

New Delhi, Jan 13 (ANI): Trading at the Bombay Stock Exchange today closed 159.54 points down to stand at 27,425.73. At the National Stock Exchange the Nifty closed 23.60 points down to stand at 8,299.40. FINOLEX INDUSTRIES LTD. and EMAMILTD. were among the top gainers of Group A with an increase of 14.95% and 6.63% along with SRF and SKS MICROFINANCE LTD. with an increase of 5.57% and 5.48% respectively, while the top losers of Group UNITECH and PMCFIN with a decrease of 5.29% and 4.97% along with RASOYA PROTEINS LTD. and IRB with a decrease of 4.90% and 4.85% at the close of the markets. The Auto sector is down 14.22 points at 18,832.68 while the banking sector is down 118.14 points at 21,420.63 and the reality sector is down 28.40 points at 1,503.10. The Indian currency is down 0.02% at Rs 62.15 per dollar. Jan 13, 2015
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