Asia

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme.

Sep 18, 2014

BSE closes points 480.92 up on September 18

New Delhi, Sept 18 (ANI): Trading at the Bombay Stock Exchange today closed 480.92 points up to stand at 27,112.21. At the National Stock Exchange the Nifty closed 139.25 points up to stand at 8,114.75. UNITECH and HDIL were among the top gainers of Group A with an increase of 13.94% and 9.36% along with INDHOTEL and ADANIPOWER with an increase of 9.13% and 7.22% respectively, while the top losers of Group A include BRITANNIA and BHUSHAN STEEL LTD. with a decrease of 2.35% and 1.88% along with GMDCLTD and INFOSYS LTD. with a decrease of 1.36% and 1.35% at the close of the markets. The Auto sector is up 474.62 points at 18,221.49 while the banking sector is up 358.20 points at 18,488.77 and the reality sector is up 79.40 points at 1,788.61. The Indian currency is up 0.02% at Rs 60.94 per dollar.

Sep 18, 2014

BSE closes points 138.78 up on September 17

New Delhi, Sept 17 (ANI): Trading at the Bombay Stock Exchange today closed 138.78 points up to stand at 26,631.29. At the National Stock Exchange the Nifty closed 42.60 points up to stand at 7,975.50. NATIONALUM and ABB were among the top gainers of Group A with an increase of 7.35% and 6.18% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and BAJAJ FINSERV LTD. with an increase of 4.14% and 4.13% respectively, while the top losers of Group A include RCOM and SHRIRAM CITY UNION FINANCE LTD. with a decrease of 4.02% and 4.00% along with IRB and INDHOTEL with a decrease of 3.71% and 3.44% at the close of the markets. The Auto sector is up 178.74 points at 17,746.87 while the banking sector is down 7.73 points at 18,130.57 and the reality sector is up 8.62 points at 1,709.21. The Indian currency is down 0.17% at Rs 60.95 per dollar.

Sep 17, 2014

BSE closes points 244.48 down on September 15

New Delhi, Sept 15 (ANI): Trading at the Bombay Stock Exchange today closed 244.48 points down to stand at 26,816.56. At the National Stock Exchange the Nifty closed 63.50 points down to stand at 8,042.00. FRL and CESC were among the top gainers of Group A with an increase of 8.12% and 7.33% along with BRITANNIA and UNITECH with an increase of 6.37% and 5.01% respectively, while the top losers of Group A include YESBANK and BHUSHAN STEEL LTD. with a decrease of 5.17% and 4.96% along with JINDAL STEEL and POWER LTD. and JPINFRATEC with a decrease of 4.79% and 4.03% at the close of the markets. The Auto sector is down 50.15 points at 17,878.24 while the banking sector is down 99.24 points at 18,507.77 and the reality sector is 3.18 points up at 1,760.87. The Indian currency is up 0.63% at Rs 61.03 per dollar.

Sep 15, 2014

August Inflation Drops to 5-Year Low of 3.74 %; Market Dips

The August Wholesale Price Index inflation is the lowest since October 2009 when it stood at 1.8%.

Sep 15, 2014

BSE closes points 65.17 up on September 12

New Delhi, Sept 12 (ANI): Trading at the Bombay Stock Exchange today closed 65.17 points up to stand at 27,061.04. At the National Stock Exchange the Nifty closed 19.80 points up to stand at 8,105.50. AMARAJABAT and OFSS were among the top gainers of Group A with an increase of 8.44% and 6.58% along with CIPLA and EXIDE INDUSTRIES LTD. with an increase of 6.38% and 6.19% respectively, while the top losers of Group A include JPINFRATEC and BHARAT FORGE LTD. with a decrease of 4.03% and 3.07% along with GODREJ CONSUMER PRODUCTS LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 2.88% and 2.87% at the close of the markets. The Auto sector is up 113.47 points at 17,928.39 while the banking sector is up 54.44 points at 18,607.01 and the reality sector is down 6.34 points at 1,757.69. The Indian currency is up 0.56% at Rs 60.94 per dollar.

Sep 12, 2014

Yellow Metal Loses Sheen: India's Gold Obsession may Finally be Over

Gold prices fall due to low demand and weak global trend. Investment in gold declined by 67% in June quarter

Sep 12, 2014

BSE closes points 61.54 down on September 11

New Delhi, Sep 11 (ANI): Trading at the Bombay Stock Exchange today closed 61.54 points down to stand at 26,995.87. At the National Stock Exchange the Nifty closed 8.40 points down to stand at 8,085.70. MOTHERSON SUMI SYSTEMS LTD. and EICHER MOTORS LTD. were among the top gainers of Group A with an increase of 9.20% and 6.27% along with BHARAT FORGE LTD. and GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. with an increase of 6.24% and 5.90% respectively, while the top losers of Group A include RANBAXY and NHPC with a decrease of 4.89% and 4.69% along with SUNPHARMA and J&KBANK with a decrease of 4.47% and 3.96% at the close of the markets. The Auto sector is up 112.30 points at 17,811.19 while the banking sector is up 49.67 points at 18,549.36 and the reality sector is down 5.95 points at 1,764.07. The Indian currency is up 0.30% at Rs 60.76 per dollar.

Sep 11, 2014

Mega Disinvestment Drive: Govt to sell ₹44,000-crore stakes in CIL, ONGC and NHPC

Cabinet hopes to target fiscal deficit as the share sale is likely help the government meet the budget target

Sep 11, 2014

Ashok Leyland Bags Orders for 4,000 Buses worth ₹1, 500 crore, Shares Soar

Ashok Leyland: Following the announcement, stock price of each share surged around 5.57% at Rs.40.75.

Sep 9, 2014

Alibaba's IPO Nears, Plans to raise around $24 billion

Alibaba's Initial Public Offering would be the largest ever on US listed company to value about $163 billion.

Sep 6, 2014

BSE closes points 59.23 down on September 5

New Delhi, Sept 5 (ANI): Trading at the Bombay Stock Exchange today closed 59.23 points down to stand at 27,026.70. At the National Stock Exchange the Nifty closed 9.10 points down to stand at 8,086.85. WOCKHARDT LTD. and NATIONALUM were among the top gainers of Group A with an increase of 13.37% and 8.73% along with BHUSHAN STEEL LTD. and DLF with an increase of 4.96% and 4.87% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD. and JPINFRATEC with a decrease of 11.41% and 7.23% along with SUZLON and IFCI with a decrease of 4.25% and 4.24% at the close of the markets. The Auto sector is down 115.46 points at 17,573.42 while the banking sector is down 55.75 points at 18,298.00 and the reality sector is up 20.08 points at 1,765.41. The Indian currency is up 0.12% at Rs 60.43 per dollar.

Sep 5, 2014