Business news

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

Online Retailer Amazon to Invest $2 Billion More in India

US-based online retailer Amazon announced plans to invest $2 billion more in India on Wednesday

Jul 30, 2014

Flipkart Raises $1 Billion, Aims to Become E-tailer of Future

Flipkart on Tuesday announced funding worth $1 billion with a goal to become the mobile e-tailer of the future.

Jul 30, 2014

ITC Stocks Surge on Demand for Cigarettes, Consumer Goods

ITC Ltd, the largest cigarette maker in India, announced on Tuesday that it has recorded a net profit of 16 percent and over 25 percent rise in the first quarter sales, which ended on 30 June.

Jul 29, 2014

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Indian Shares Fall to One-Week Closing Low

Indian stocks fell to a one-week closing low as profit taking of a few companies affected the sentiments of investors on Tuesday.

Jul 29, 2014

Panasonic to Invest Over $200 million for Tesla's Battery Plant in US

Panasonic Corp will initially invest around 20 billion to 30 billion Yen ($200-300 million) in Tesla Motors for producing lithium-ion battery used in electric vehicles.

Jul 29, 2014

Gold for Bitcoin? Global Chase for Virtual Currency Takes Roots in India Too

'Gold for Bitcoin' is emerging as a new trend in the world of online transactions.

Jul 28, 2014

BHEL to Set up 10MW Solar Power Plant in Mandya

Bharat Heavy Electricals Limited (BHEL) has informed BSE on Monday about its plan to set up a 10MW solar power plant in Shivanasamudram, Belakavadi village in Mandya district of Karnataka.

Jul 28, 2014

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BSE closes points 135.52 down on July 28

New Delhi, July 28 (ANI): Trading at the Bombay Stock Exchange today closed 135.52 points down to stand at 25,991.23. At the National Stock Exchange the Nifty closed 41.75 points down to stand at 7,748.70. Central Bank and Reliance Power were among the top gainers of Group A with an increase of 7.02% and 3.80% along with Hindustan Unilever and Glenmark Pharma with an increase of 3.62% and 3.38% respectively, while the top losers of Group A include Wockhardt and DLF with a decrease of 8.06% and 5.20% along with IRB Infra and CESC with a decrease of 5.11% and 4.60% at the close of the markets. The Auto sector is down 121.36 points at 15,488.20 while the banking sector is down 121.60 points 17,421.39 and the realty sector is down 51.84 points at 1,873.16. The Indian currency is up 0.03% at Rs 60.12 per dollar.

Jul 28, 2014

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Indian Shares Trade Lower; Tata Motors, Cairn India, L&T Gain

While, sensex and Nifty dipped 0.23 percent and 0.17 percent at 10.30 am, recent losers gained during early trade on Monday.

Jul 28, 2014

Gujarat Government Favoured Reliance and Adani, Reveal CAG Reports

The Comptroller and Auditor General has slammed Gujarat government for mismanagement of the state's financial resources for the financial year ended 31 March 2013.

Jul 26, 2014

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