Business news

Supreme Court Rejects Kingfisher Airlines' Plea for Legal Representation

The Supreme Court on Tuesday disapproved a plea from debt-hit Kingfisher Airlines to be allowed legal representation before the grievance redressal committee set up by United Bank of India, after the bank declared it as wilful defaulter on Monday.

Sep 2, 2014

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher, Mallya Declared 'Wilful Defaulter' by UBI

Kolkata-based UBI on Monday declared Kingfisher Airlines owner Vijay Mallya as 'wilful defaulter'.

Sep 2, 2014

Car Sales Surge, Industry Expects 12% Boost this Festive Season

experts believe that recent decline in international rubber prices is also a factor that might boost the Indian automobile industry.

Sep 2, 2014

Play

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

SpiceJet Offers ₹499 Fare on Domestic Travel

India's second largest domestic airline, SpiceJet on Monday announced its new fare scheme.

Sep 1, 2014

Indian Home Prices Fall by 9.1%: IMF Report

Annual percentage change in property prices in India has slipped by 9.1 percent, according to IMF.

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

Spot Electricity Prices Swell as Coal Reserves Drop

The power tariff has touched a record high of around Rs.6 per unit over the last week

Aug 30, 2014

Indian Coal Reserves Drop, Weak Monsoon Forces Thermal Stations to Raise Output

Around half of India's thermal power stations have less than a week coal stocks as many coal companies are running short this black gold and are unable to meet the rising demand.

Aug 30, 2014