Asia

India Records Wholesale Price Inflation at Zero; Lowest in 5 Years

For October and November, the Wholesale Price Index (WPI)-based inflation was recorded at 1.77% and 7.52% respectively.

Dec 15, 2014

Stake Sale in PSUs to Gain Momentum in Next Three Months

The Government of India is engaged in pushing through as many stake sales as possible before the fiscal year ends.

Dec 15, 2014

SpiceJet Warns Employees of Disruption to Service, if DGCA Meeting Fails

Cash-strapped SpiceJet could terminate operations if its COO's meeting with the airline regulator does not go in its favour

Dec 15, 2014

SpiceJet Refused Refuel at Madurai Airport, Madurai-Hyderabad Flight Delayed by 4 Hours

Budget airline SpiceJet faced fresh trouble last Saturday when a private petroleum company refused refueling facility over payment issues at Madurai airport, leading to its Madurai-Hyderabad flight delayed by four hours.

Dec 15, 2014

SpiceJet to Receive funds from Promoter, Says Airline to DGCA

Promoter of SpiceJet, the Sun Group, will infuse funds into the financially struggling airline

Dec 13, 2014

best-relations-with-neighbours-priority-of-defence-arun-jaitley

Oil Price Crash: What Does a $12 Billion Windfall Mean for Jaitley's Budget?

Finance Minister Arun Jaitley has his work cut out with the crash in oil price by almost half; seeks to balance fiscal deficit better

Dec 13, 2014

BSE closes points 251.33 down on Dec 12

New Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed 251.33 points down to stand at 27,350.68. At the National Stock Exchange the Nifty closed 68.80 points down to stand at 8,224.10. KPIT and AMARAJABAT were among the top gainers of Group A with an increase of 5.57% and 4.73% along with EMAMI LTD and Jubilant Food Works Ltd. with an increase of 4.32% and 4.24% respectively, while the top losers of Group A include Sunrise Asian LTD and PMC Fincorp LTD with a decrease 18.94% and 12.71% along with JETAIRWAYS and SUNTV with a decrease of 9.44% and 7.99% at the close of the markets. The Auto sector is down 86.93 points at 18,674.50 while the banking sector is down 113.96 points at 20,975.21 and the reality sector is down 40.20 points at 1,590.37. The Indian currency is up 0.01% at Rs 62.33 per dollar.

Dec 12, 2014

BSE closes points 229.09 down on Dec 11

New Delhi, Dec 11 (ANI): Trading at the Bombay Stock Exchange today closed 229.09 points down to stand at 27,602.01. At the National Stock Exchange the Nifty closed 62.75 points down to stand at 8,292.90. SREI INFRASTRUCTURE FINANCE LTD. and NETWORK18 were among the top gainers of Group A with an increase of 16.26% and 10.90% along with GRUH and DHFL with an increase of 6.17% and 5.37% respectively, while the top losers of Group A include HAVELLS and HDIL with a decrease 8.81% and 6.19% along with SCI and BEML with a decrease of 5.05% and 5.03% at the close of the markets. The Auto sector is down 152.74 points at 18,761.43 while the banking sector is down 69.07 points at 21,089.17 and the reality sector is down 33.71 points at 1,630.57. The Indian currency is up 0.47% at Rs 62.31 per dollar.

Dec 11, 2014

Jet Airways Gains From SpiceJet's Problems, Shares Rise 80% in a Fortnight

Jet Airways sees shares jump 80% on the back of continued owes faced by SpiceJet and lower fuel bill.

Dec 11, 2014

India to Cut Stake in State-run Banks, Raise $26 bn

State-run banks would see government stake coming down to 52%; banks to use funds for capital infusion to meet newer international banking regulations ₹

Dec 11, 2014

SpiceJet Offers Tickets at 50% Discount to That of Rivals, Refunds 55,000 Cancellations

Budget airline SpiceJet offers to fly travelers at up to 50% discount to its peers's fares.

Dec 11, 2014

Finance Minister and RBI Governor Raghuram Rajan

RBI Governor Comes Under Pressure from MPs to Cut Rates

MPs cutting across political parties seek to increase pressure on Raghuram Rajan to cut rates to improve credit off-take and spur economic growth

Dec 11, 2014

BSE closes points 34.09 up on Dec 10

New Delhi, Dec 10 (ANI): Trading at the Bombay Stock Exchange today closed 34.09 points up to stand at 27,831.10. At the National Stock Exchange the Nifty closed 14.95 points up to stand at 8,355.65. SKS MICROFINANCE LTD and GITANJALI were among the top gainers of Group A with an increase of 10.76% and 8.83% along with PIPAVAVDOC and AJANTA PHARMA LTD with an increase of 8.10% and 6.40% respectively, while the top losers of Group A include HAVELLS and RASOYPR with a decrease 6.73% and 4.92% along with ABAN and VAKRANGEE with a decrease of 4.39% and 3.46% at the close of the markets. The Auto sector is up 68.56 points at 18,914.17 while the banking sector is up 211.09 points at 21,158.24 and the reality sector is up 4.29 points at 1,664.28. The Indian currency is up 0.21% at Rs 62.01 per dollar.

Dec 10, 2014