Asia

Foxconn Swoops Down on Nokia's Chennai Plant; Likely to Make Micromax Phones

Foxconn and Lava said to be eyeing Nokia's Chennai plant and efforts are on to untangle the tax dispute holding the plant hostage.

Dec 10, 2014

BSE closes points 322.39 down on Dec 9

New Delhi, Dec 9 (ANI): Trading at the Bombay Stock Exchange today closed 322.39 points down to stand at 27,797.01. At the National Stock Exchange the Nifty closed 97.55 points down to stand at 8,340.70. JETAIRWAYS and RASOYA PROTEINS LTD. were among the top gainers of Group A with an increase of 6.32% and 4.76% along with SOBHA and NCC with an increase of 4.51% and 3.99% respectively, while the top losers of Group A include TV18 BROADCAST LTD. and INDIA CEMENTS LTD. with a decrease 7.91% and 6.02% along with NETWORK18 and THERMAX with a decrease of 5.99% and 5.46% at the close of the markets. The Auto sector is down 240.94 points at 18,845.61 while the banking sector is down 270.90 points at 20,947.15 and the reality sector is down 22.93 points at 1,659.99. The Indian currency is up 0.1% at Rs 61.89 per dollar.

Dec 9, 2014

Gold Trades Higher; International Rate Holds Above $1,200

Gold managed to trade above $1,200 per ounce in the face of continued strength by the US$ and oil price dropping below $66 per barrel. ₹

Dec 9, 2014

US Wrongly Penalised India on Steel Duties, WTO Says in Landmark Verdict

An appeals court of the WTO says US wrongly penalised India for subsidising Tata Steel's export of its manufactured products

Dec 9, 2014

Higher Gold Imports Widen CAD to $10.1 bn in Q2; Rupee to Remain Stable in 2015

India's CAD had widens due to rise in gold imports driven by falling gold imports and relexation in import norms. Lower oil import bill and higher capital inflows to provide comfort, keeping the rupee stable.

Dec 9, 2014

SpiceJet Cancels 1,800 Flights For December 2014; Viability Turns Foggy

SpiceJet sees no end to its cancellations, 1,800 flights cut for the month. Capital infusion refuses to emerge.

Dec 9, 2014

Gold sellers announced special discounts for Dhanteras 2014.

Gold Prices Fall for 3rd Straight Day On Poor Demand, Global Cues

Gold, silver prices continue to fall in India, reflecting global sentiments.

Dec 8, 2014

BSE closes points 104.72 down on Dec 8

New Delhi, Dec 8 (ANI): Trading at the Bombay Stock Exchange today closed 104.72 points down to stand at 28,458.10. At the National Stock Exchange the Nifty closed 26.10 points down to stand at 8,538.30. PIIND and NCC were among the top gainers of Group A with an increase of 15.56% and 12.67% along with PIPAVAVDOC and MONSANTO INDIA LTD. with an increase of 9.99% and 7.12% respectively, while the top losers of Group A include SIEMENS and RTNPOWER with a decrease 5.15% and 4.56% along with IDEA and SUZLON with a decrease of 4.25% and 4.20% at the close of the markets. The Auto sector is down 13.35 points at 19,350.30 while the banking sector is down 19.87 points at 21,481.61 and the reality sector is up 19.71 points at 1,712.20. The Indian currency is up 0.07% at Rs 61.88 per dollar.

Dec 8, 2014

India to Grow Fastest in 'Dollar Nominal Growth' Globally in 2015, Says Credit Suisse

The Swiss bank says that indicators point to India emerging the fastest growing economy in USD nominal growth terms.

Dec 8, 2014

N.R. Narayana Murthy, Chairman Emeritus of Infosys

Infosys Plunges on Promoters' Share Sale News: Where is a Billion Dollar to be Invested?

Four promoters of Infosys to raise $1.1 billion. No word yet on where the funds are going to be reinvested.

Dec 8, 2014

White Label ATM Operators can Serve International Customers, Says RBI

RBI allows white label ATMs to offer services to holders of international debit, credit and prepaid cards and these ATMs are free to choose any bank to partner with.

Dec 6, 2014

SBI To Raise $300 million Through Bond Issue: Coupon Set at 3.95%

SBI to issue $300mn worth bonds through its London branch; to list at SIX Swiss Exchange

Dec 6, 2014

Disinvestment: SAIL Stake Sale Fetches ₹ 1,715 Crore; ONGC, Coal India in Line

The Narendra Modi government's maiden disinvestment initiative is a success, 5% stake sale in state-run SAIL nets ₹1,715 crore. Prospects for offloading stakes in other PSUs brighten.

Dec 6, 2014

SpiceJet Denies Being Put on Cash-and-Carry Mode by AAI

SpiceJet Denies its Credit Facility Revoked by AAI

Dec 5, 2014

BSE closes points 104.72 down on Dec 5

New Delhi, Dec 5 (ANI): Trading at the Bombay Stock Exchange today closed 104.72 points down to stand at 28,458.10. At the National Stock Exchange the Nifty closed 26.10 points down to stand at 8,538.30. PIIND and NCC were among the top gainers of Group A with an increase of 15.56% and 12.67% along with PIPAVAVDOC and MONSANTO INDIA LTD. with an increase of 9.99% and 7.12% respectively, while the top losers of Group A include SIEMENS and RTNPOWER with a decrease 5.15% and 4.56% along with IDEA and SUZLON with a decrease of 4.25% and 4.20% at the close of the markets. The Auto sector is down 13.35 points at 19,350.30 while the banking sector is down 19.87 points at 21,481.61 and the reality sector is up 19.71 points at 1,712.20. The Indian currency is up 0.07% at Rs 61.88 per dollar.

Dec 5, 2014

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