Asia

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

DLF Shares Plunge After High Court Cancels 350- acre Land Allotment in Gurgaon

Following the judgment, the stock price of each DLF share slipped 10% and was offered for ₹163.10 per share at 2.30 pm on Thursday.

Sep 4, 2014

Lantern Days Back in India? Power Plants Left with 2 Days of Coal Stock

Currently no solution for low coal stocks. Government is yet to arrange for import of coals: CIL official

Sep 4, 2014

McDonald's Franchise Owner Buys Mumbai's Nepean Sea Road Bungalow for ₹175 crore

A century old three-story building named Razak Haven at Nepean Sea Road in South Mumbai has been sold for Rs.175 crore

Sep 3, 2014

BSE closes points 229.44 up on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of Group A with an increase of 10.42% and 9.43% along with APOLLOTYRE and ANDHRABANK with an increase of 8.93% and 6.72% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and GMDC LTD. with a decrease of 4.98% and 2.41% along with Bajaj Finance Limited and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with a decrease of 2.30% and 2.12% at the close of the markets. The Auto sector is up 254.31 points at 17,547.96 while the banking sector is up 322.80 points at 18,326.48 and the reality sector is up 46.95 points at 1,774.39. The Indian currency is up 0.07% at Rs 60.49 per dollar.

Sep 1, 2014

Centre Asks SC to Spare 46 Illegal Coal Blocks to Meet Power Demands

The Centre said it would accept Supreme Court's decision on coal block allocation, however, requested to spare 46 of them to meet power demands in India.

Sep 1, 2014

Wockhardt's Drugs get QIDP Status, Stocks Soar

Two new drugs, WCK 2349 and WCK 771, developed by Mumbai based pharmaceutical company Wockhardt Ltd , have received the US Food and Drug Administration's approval.

Sep 1, 2014

Nifty Touches 8,000 Mark for First Time, Sensex Hits New Peak

The National Stock Exchange (NSE) index touched an all time high at 8,018.65 points on 1 September versus its previous top record of 7968.25 points on 25 August.

Sep 1, 2014

BSE closes points 5.79 up on August 26

New Delhi, August 26 (ANI): Trading at the Bombay Stock Exchange today closed 5.79 points up to stand at 26,442.81. At the National Stock Exchange the Nifty closed 1.55 points down to stand at 7,904.75. HAVELLS and BAJAJ FINSERV LTD were among the top gainers of Group A with an increase of 9.40% and 5.08% along with PIDILITE INDUSTRIES LTD and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with an increase of 4.90% and 4.08% respectively, while the top losers of Group A include RPOWER and ADANIPOWER with a decrease of 6.79% and 6.44% along with JINDALSTEL and JPPOWER with a decrease of 6.16% and 5.41% at the close of the markets. The Auto sector is up 4.69 points at 17,110.96 while the banking sector is down 42.62 points at 17,895.77 and the reality sector is down 0.82 points at 1,785.03. The Indian currency is up 0.11% at Rs 60.50 per dollar.

Aug 26, 2014

BSE closes points 17.47 up on August 25

New Delhi, August 25 (ANI): Trading at the Bombay Stock Exchange today closed 17.47 points up to stand at 26,437.02. At the National Stock Exchange the Nifty closed 6.90 points down to stand at 7,906.30. EMAMI LTD. and MAX were among the top gainers of Group A with an increase of 6.27% and 4.47% along with INDIAN HOTELS CO.LTD. and TTKPRESTIGE with an increase of 3.07% and 2.77% respectively, while the top losers of Group A include JINDAL STEEL and POWER LTD. and HINDALCO with a decrease of 15.14% and 9.91% along with NATIONALUM and TATASTEEL with a decrease of 6.89% and 5.20% at the close of the markets. The Auto sector is up 59.51 points at 17,093.78 while the banking sector is down 161.80 points at 17,950.03 and the reality sector is down 36.62 points at 1,785.85. The Indian currency is up 0.07% at Rs 60.50 per dollar.

Aug 25, 2014

All Coal Block Allocations Since 1993 are Illegal: Supreme Court

All coal block allocations since 1993 are illegal and licenses of mining companies involved will be cancelled.

Aug 25, 2014

BSE closes points 59.44 up on August 22

New Delhi, August 22 (ANI): Trading at the Bombay Stock Exchange today closed 59.44 points up to stand at 26,419.55. At the National Stock Exchange the Nifty closed 22.10 points up to stand at 7,913.20. Financial Technologies (India) Ltd. and UPL were among the top gainers of Group A with an increase of 5.00% and 4.56% along with UNIONBANK and Jubilant Food Works Ltd with an increase of 3.69% and 3.43% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.97% and 3.98% along with SOBHA and MMTC with a decrease of 3.90% and 3.78% at the close of the markets. The Auto sector is up 13.62 points at 17,034.27 while the banking sector is up 199.03 points at 18,114.53 and the reality sector is down 16.49 points at 1,821.03. The Indian currency is down 0.3% at Rs 60.49 per dollar.

Aug 22, 2014