Business news

BSE closes points 46.34 up on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 46.34 points up to stand at 28,121.89. At the National Stock Exchange the Nifty closed 19.65 points up to stand at 8,513.80. SUNTV and Edelweiss Financial Services Ltd were among the top gainers of Group A with an increase of 11.04% and 9.09% along with TV18 BROADCAST and SUZLON with an increase of 8.12% and 7.54% respectively, while the top losers of Group A include PMCFIN and RASOYPR with a decrease of 4.92% and 4.49% along with JETAIRWAYS and Welspun Corp LTD. with a decrease of 3.95% and 3.12% at the close of the markets. The Auto sector is up 35.42 points at 19,342.32 while the banking sector is down 1.89 points at 22,021.41 and the reality sector is up 8.44 points at 1,619.87. The Indian currency is up 0.05% at Rs 62.03 per dollar.

Jan 16, 2015

RBI Mulls Allowing Banks to Purchase Infra Bonds to Improve Bond Market Liquidity

The RBI could consider allowing banks to also purchase infrastructure bonds, in a bid to increase the liquidity in the bond market.

Jan 16, 2015

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TCS Retrenchment Comes Under Fire, this Time from ForIT

ForIT has asked TCS to put retrenchment on hold until a 'comprehensive grievance redressal mechanism,' is in place, even when admitting that involuntary attrition is part of the industry protocol.

Jan 16, 2015

Rate Cut Effect: Govt Banks to Post Higher Treasury Gains, Use it to Offset Higher Provisioning

With 28% of deposits tied to government bonds, the state-run banks can now use the treasury gains made from the RBI rate cut to offset their bad loans and shore up capital

Jan 16, 2015

Government to Invest ₹5 Lakh Crore on Road Construction Over 5 Years

The Center is focused on improving connectivity and in reducing road accident deaths.

Jan 16, 2015

Marans Exit SpiceJet, Transfer Ownership to Ajay Singh

SpiceJet's Maran Brothers have agreed to transfer ownership and control of the beleaguered budget airlines to its original founder Ajay Singh and his partners

Jan 15, 2015

Audi R8 LMX and Datsun Go+ Launched in India

A budget and a super car share the same launch day.

Jan 15, 2015

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BSE closes points 728.73 up on Jan 15

New Delhi, Jan 15 (ANI): Trading at the Bombay Stock Exchange today closed 728.73 points up to stand at 28,075.55. At the National Stock Exchange the Nifty closed 216.60 points up to stand at 8,494.15. HDIL and PRESTIGE were among the top gainers of Group A with an increase of 18.66% and 11.46% along with INDIABULLS REAL ESTATE LTD. and DLF with an increase of 10.55% and 10.39% respectively, while the top losers of Group A include PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and RASOYA PROTEINS LTD. with a decrease of 4.50% and 4.30% along with JETAIRWAYS and BERGER PAINTS INDIA LTD. with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 402.26 points at 19,306.90 while the banking sector is up 701.71 points at 22,023.30 and the reality sector is up 119.25 points at 1,611.43.The Indian currency is down 0.56% at Rs 61.83 per dollar.

Jan 15, 2015

Nation's Top Bankers Welcome RBI Rate Cut, Confirm Banking Rates to Come Down Soon

India's top bankers have welcomed the RBI rate cut and confirmed that banking rates will also go down soon.

Jan 15, 2015

arun-jaitley-at-vibrant-gujarat-summit-part-1

FM Jaitley Hails Rate-Cut as 'Positive for Indian Economy'

FM Jaitley called the RBI rate cut as a very positive move for the economy and hopes that the investment cycle would get a boost

Jan 15, 2015

RBI Signals More Rate Cuts after 25 Basis Point Reduction in Repo Rate

In a surprise move the RBI brings down the lending rate to 7.75% from 8%, the first reduction in almost a year.

Jan 15, 2015

Markets Soar After RBI Cuts Lending Rate by 0.25 Per Cent

Sensex up by 450 points and bank stocks also skyrocket after news of the rate cut.

Jan 15, 2015

World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

World Bank Projects India's GDP to Surpass China's by 2017

The World Bank's Global Economic Prospects projects India to post 6.4% GDP growth rate in 2015, with the economy expanding by 7% in 2016.

Jan 14, 2015

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BSE closes points 78.91 down on Jan 14

New Delhi, Jan 14 (ANI): Trading at the Bombay Stock Exchange today closed 78.91 points down to stand at 27,381.46. At the National Stock Exchange the Nifty closed 10.95 points down to stand at 8,288.45. Bajaj Finance Limited and DABUR were among the top gainers of Group A with an increase of 7.76% and 7.48% along with NHPC and MARICO with an increase of 6.49% and 6.09% respectively, while the top losers of Group SSLT and HINDALCO with a decrease of 8.29% and 6.24% along with FSL and DCBBANK with a decrease of 5.36% and 4.36% at the close of the markets. The Auto sector is up 81.91 points at 18,914.59 while the banking sector is down 54.04 points at 21,366.59 and the reality sector is down 10.92 points at 1,492.18. The Indian currency is down 0.06% at Rs 62.18 per dollar.

Jan 14, 2015

Budget 2015 - Increase Infra Spending, Allow Fiscal Deficit To Widen, Adopt Fiscal Consolidation, Says Financial Experts

Investors are willing to cut the government some slack, if it invests in infrastructure projects while reforming the tax revenues.

Jan 14, 2015

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