Business news

BSE closes points 242.74 down n on August 6

New Delhi, August 6 (ANI): Trading at the Bombay Stock Exchange today closed 242.74 points down to stand at 25,665.27. At the National Stock Exchange the Nifty closed 74.50 points down to stand at 7,672.05. Suzlon Energy and Sobha Dev were among the top gainers of Group A with an increase of 4.79% and 4.53% along with Piramal Enterprises and Berger Paints with an increase of 4.43% and 3.84% respectively, while the top losers of Group A include Bhushan Steel and Apollo Tyres with a decrease of 20.00% and 7.15% along with IDBI Bank and Indiabulls Real Estate with a decrease of 6.85% and 5.81% at the close of the markets. The Auto sector is down 123.66 points at 15,763.15 while the banking sector is down 318.64 points at 17,179.85 and the reality sector is down 24.23 points at 1,919.32. The Indian currency is down 0.96% at Rs 60.43 per dollar.

Aug 6, 2014

Syndicate Bank Bribery Case: Bhushan Steel Shares Dip 20% at 52-week Low

Stocks of Bhushan Steel recorded a year's low at ₹305 per share following involvement in Syndicate bank corruption case.

Aug 6, 2014

DoT Rejects CAG's Allegations on Undue Favours Extended to Reliance Jio

The telecom department responded in a 37 page report to Comptroller and Auditor General (CAG) regarding the issue.

Aug 6, 2014

Ratan Tata to Invest in Snapdeal to Join E-commerce Boom?

Tata would be the second Indian business tycoon after Wipro's Azim Premji to invest in the four-year-old firm.

Aug 6, 2014

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