Business news

Essar Bags $54 Million Contract from Saudi Aramco

Essar Projects, an engineering company on Tuesday announced that it has bagged a $54 million (₹328 crore) project from Saudi Arabian national oil and natural gas company Aramco.

Aug 5, 2014

Air India Incurs ₹10 Crore Loss Each Month due to Large Billboards in Take-off Area

Large and fancy billboards have been hindering smooth take-offs in Mumbai airport, due to which Air India reportedly incurs an estimated loss of about ₹10 crore per month on its Mumbai-New York flight

Aug 5, 2014

RBI Policy Review: Rates Unchanged at 8%

The Reserve Bank of India has kept the repo rate steady at eight percent during the third bi-monthly policy review on Tuesday.

Aug 5, 2014

Sensex, Nifty Gain; Infosys Rallies on Weaker Rupee

Indian shares ended higher on Monday, snapping two days of fall as software services exporter Infosys rallied on weaker rupee, while lenders gained a day before the central bank's policy review.

Aug 4, 2014

2G and 3G Spectrum Auction Expected in February

The department of telecom is likely to start the auction of 2G and 3G spectrum bands from February 2015.

Aug 2, 2014

India's Factory Output Reaches 17-Month High: HSBC PMI

Indian factory output rose to a 17-month high in July.

Aug 1, 2014

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BSE closes points 414.13 down on August 1

New Delhi, August 01 (ANI): Trading at the Bombay Stock Exchange today closed 414.13 points down to stand at 25,480.84. At the National Stock Exchange the Nifty closed 118.70 points down to stand at 7,602.60. GMR Infra and Glenmark Pharma were among the top gainers of Group A with an increase of 7.66% and 3.86% along with Bharti Infratel and Union Bank with an increase of 3.56% and 3.19% respectively, while the top losers of Group A include Financial Tech and Torrent Power with a decrease of 5.00% and 4.71% along with Sun TV Network and Titan with a decrease of 4.37% and 4.14% at the close of the markets. The Auto sector is down 156.69 points at 15,334.02 while the banking sector is down 156.63 points 17,328.98 and the realty sector is down 19.45 points at 1,873.58. The Indian currency is up 0.96% at Rs 61.13 per dollar.

Aug 1, 2014

Piramal, Dutch APG Alliance for $1 Billion Infrastructure Investment in India

Piramal Enterprises Limited has linked up with Dutch pension fund APG Asset Management to invest $1 billion in Indian infrastructure companies over three years.

Jul 31, 2014

ICICI Bank Net Profit Rises 17% to $440 Million

ICICI's net profit for its fiscal first quarter rose to 26.55 billion rupees ($440 million) with a 17 percent rise.

Jul 31, 2014

India Drops Claim to Bay of Bengal Oil Blocks Ending Dispute with Bangladesh

The dropping of claim to offshore oil blocks ends decades-old dispute.

Jul 31, 2014

Twitter User Growth, Shares Surge Following 2014 FIFA World Cup

Microblogging site Twitter Inc. on Tuesday posted strong results across the board on the second quarter.

Jul 30, 2014

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BSE closes points 96.19 up on July 30

New Delhi, July 30 (ANI): Trading at the Bombay Stock Exchange today closed 96.19 points up to stand at 26,087.42. At the National Stock Exchange the Nifty closed 42.70 points up to stand at 7,791.40. Ashok Leyland and HDIL were among the top gainers of Group A with an increase of 6.56% and 5.84% along with Indiabulls Real Estate and CESC with an increase of 5.57% and 5.56% respectively, while the top losers of Group A include L&T and Financial Technologies with a decrease of 7.22% and 5.00% along with Pipavav Defence and Havells India with a decrease of 4.05% and 3.60% at the close of the markets. The Auto sector is up 99.54 points at 15,587.74 while the banking sector is up 273.12 points 17,694.51 and the realty sector is up 15.30 points at 1,888.46. The Indian currency is up 0.03% at Rs 60.11 per dollar.

Jul 30, 2014