Asia

India Poised to Grow Faster Than China From 2016, Says Goldman Sachs

Goldman Sachs chief India economist Tushar Poddar expects India's growth to overtake China starting 2016. Structural reforms could provide further impetus.

Dec 5, 2014

SBI Cuts Interest Rates By 25 Basis Points

SBI has cut deposits with tenure exceeding one year by 25 basis points. Short term deposits see no change. Improved fund liquidity proved beneficial.

Dec 5, 2014

India to Export Buffalo Meat to Russia; More Products to Follow

In the face of retaliatory sanctions by Russia on EU, India set to benefit from an increase in trade of agricultural and dairy products

Dec 5, 2014

Ranbaxy Unit at Dewas Plant Slapped With EU Ban for Non-Compliance, Company Sees No Impact

Non-compliance report raises red flag over Ranbaxy's Dewas plant for deficiencies in design and operation of the clean-rooms, controls for preparation of components, leading to ban on exports from one of the units at the plant.

Dec 5, 2014

Blast Furnace in India at SAIL Plant - Representational Image

SAIL Floor Price Set at ₹83; Government Lines Up ONGC, CIL and Others

The floor price for the SAIL auction has been set at ₹83 and retail investors will receive 5% discount.

Dec 5, 2014

Delhi To Scrap Cars Over 15 Years In A Move To Reduce Pollution. Will Car Sales Pickup?

The National Green Tribunal banned vehicles older than 15 years off the streets of Delhi, with its unenviable record of being the world's worst polluted city. Will the move help more cars remains to be seen

Dec 4, 2014

BSE closes points 120.11 up on Dec 4

New Delhi, Dec 4 (ANI): Trading at the Bombay Stock Exchange today closed 120.11 points up to stand at 28,562.82. At the National Stock Exchange the Nifty closed 26.75 points up to stand at 8,564.40. ABB and ALOK INDUSTRIES LTD. were among the top gainers of Group A with an increase of 12.72% and 11.98% along with BEL and PUNJLLOYD with an increase of 10.50% and 8.52% respectively, while the top losers of Group A include KAILASH and RASOYA PROTEINS LTD. with a decrease 4.99% and 4.55% along with GITANJALI and AIA ENGINEERING LTD. with a decrease of 3.60% and 3.57% at the close of the markets. The Auto sector is up 24.16 points at 19,361.96 while the banking sector is up 159.91 points at 21,499.73 and the reality sector is down 3.02 points at 1,693.03. The Indian currency is up 0.01% at Rs 61.91 per dollar.

Dec 4, 2014

Loose Cigarettes replacing the hands of a clock

Cigarette Maker Shares Rise as Proposal to Ban Loose Sale 'Overturned'; ITC up 6%, Godfrey Phillips 10%

Union Health Ministry's proposal to ban sale of loose cigarettes is unlikely to receive inter-ministerial clearance, say sources; cigarette stocks up. Farmers associations lobby hard against the move.

Dec 4, 2014

Term Deposit Rates Cut By ICICI And HDFC

HDFC and ICICI cut term rates to 8.75% across tenures; base rate remains unchanged.

Dec 4, 2014

NDA Disinvestment Agenda Back on Track; SAIL Kicks off Process with 5% Stock Sale

The government disinvestment agenda picks up pace with the sale of 5% of shares in SAIL; ONGC, Coal India and Hindustan Zinc lined up.

Dec 4, 2014

BSE closes points 1.30 down on Dec 3

New Delhi, Dec 3 (ANI): Trading at the Bombay Stock Exchange today closed 1.30 points down to stand at 28,442.71. At the National Stock Exchange the Nifty closed 12.95 points up to stand at 8,537.65. ESSAR OIL and SUN TV were among the top gainers of Group A with an increase of 20.00% and 13.73% along with FSL and SUZLON with an increase of 11.16% and 9.95% respectively, while the top losers of Group A include CEAT LTD and SAIL with a decrease of 5.62% and 5.06% along with KAILASH and RASOYA PROTEINS LTD. with a decrease of 4.98% and 4.36% at the close of the markets. The Auto sector is up 256.64 points at 19,338.75 while the banking sector is up 91.30 points at 21,339.82 and the reality sector is up 22.02 points at 1,696.05. The Indian currency is down 0.02% at Rs 61.87 per dollar.

Dec 3, 2014

The Plaza, New York, partly owned by the Sahara Group

Supreme Court Permits Sahara To Sell Properties Valued At ₹ 2,700 crore

Supreme Court grants permission to Sahara for sale of four domestic properties; Sahara to provide details to the court about the '$650mn junior loan'

Dec 3, 2014

Gold Rises About 4%: Biggest One-Day Gain Since 2013

Gold clocks above $1,200 for the first time since October with Japan sovereign downgrade and import relaxations in India.

Dec 2, 2014

BSE closes points 115.61 down on Dec 2

New Delhi, Dec 2 (ANI): Trading at the Bombay Stock Exchange today closed 115.61 points down to stand at 28,444.01. At the National Stock Exchange the Nifty closed 31.20 points down to stand at 8,524.70. BEL and WOCKPHARMA were among the top gainers of Group A with an increase of 10.36% and 9.88% along with SPARC and RAYMOND with an increase of 9.61% and 8.98% respectively, while the top losers of Group A include KAILASH and INFRATEL with a decrease of 4.97% and 4.87% along with SREI INFRASTRUCTURE FINANCE LTD and BALRAMPUR CHINI MILLS LTD with a decrease of 4.46% and 4.22% at the close of the markets. The Auto sector is down 198.55 points at 19,082.11 while the banking sector is up 26.23 points at 21,248.52 and the reality sector is up 1.45 points at 1,674.03. The Indian currency is up 0.23% at Rs 61.88 per dollar.

Dec 2, 2014

India Hikes Excise Duties on Petrol By ₹2.25, Diesel By ₹1

The excise duties on petrol and diesel have been hiked to boost government revenues from slipping global crude oil prices.

Dec 2, 2014

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