Business news

Government to Raise ₹40,000 Cr via PSU Stake Sales in 2 Months

The government is looking to raise around Rs 40,000 crore in the next two months to meet its FY15 disinvestment target of Rs 58,425 crore,

Aug 13, 2014

Play

BSE closes points 38.18 up on August 13

New Delhi, August 13 (ANI): Trading at the Bombay Stock Exchange today closed 38.18 points up to stand at 25,918.95. At the National Stock Exchange the Nifty closed 12.50 points up to stand at 7,739.55. Eicher Motors and Nestle India were among the top gainers of Group A with an increase of 10.66% and 5.31% along with Apollo Hospitals Enterprise Ltd. and Coromandel International Ltd. with an increase of 4.70% and 3.66% respectively, while the top losers of Group A include Unitech and Engineers India with a decrease of 17.14% and 13.89% along with Jaiprakash Associates Ltd. and Indiabulls Real Estate Ltd. with a decrease of 9.16% and 8.48% at the close of the markets. The Auto sector is up 13.30 points at 16,255.99 while the banking sector is down 170.67 points at 17,066.96 and the reality sector is down 97.99 points at 1,777.75. The Indian currency is up 0.29% at Rs 61.25 per dollar.

Aug 13, 2014

Coal India Posts 8% Profit, Opposes Govt Decision to Halve E-auction

The government has asked Coal India to halve its e-auction to make more coal available to the power sector.

Aug 13, 2014

Play

Finance minister terms parliamentarian award as peer recognition

New Delhi, Aug 13 (ANI): President Pranab Mukherjee recently conferred the outstanding parliamentarian awards to three veteran leaders. India's Finance Minister Arun Jaitley, Congress leader Karan Singh and regional party Janta Dal-United chief Sharad Yadav were honoured with the awards for the years 2010, 2011 and 2012, respectively. At a function organised by the Indian Parliamentary Group, President Mukherjee presented the awards to Jaitley, Singh and Yadav, while all the three turned very nostalgic about the past. Going down the memory lane, Jaitley said when he looks back it seems that he has come a long way. Meanwhile, Congress leader Karan Singh recalled his earliest association with the parliament, which dates back to 1950s. Remembering the times of India's independence, Janta Dal-United chief Sharad Yadav talked about making his Parliamentary debut at the time when it was still abuzz with freedom fighters.

Aug 13, 2014

Play

BSE closes points 361.53 up on August 12

New Delhi, August 12 (ANI): Trading at the Bombay Stock Exchange today closed 361.53 points up to stand at 25,880.77. At the National Stock Exchange the Nifty closed 101.10 points up to stand at 7,727.05. Eicher Motors and RAMCOCEM were among the top gainers of Group A with an increase of 8.40% and 8.30% along with Gail India and Tata Motors with an increase of 5.83% and 5.72% respectively, while the top losers of Group A include Bhushan Steel and Neyveli Lignite with a decrease of 9.98% and 6.49% along with Indian Hotels and Mangalore Refinery with a decrease of 5.96% and 5.28% at the close of the markets. The Auto sector is up 282.19 points at 16,238.89 while the banking sector is up 240.43 points at 17,237.63 and the reality sector is up 19.07 points at 1,875.74. The Indian currency is up 0.11% at Rs 61.11 per dollar.

Aug 12, 2014

IOC, BPCL, HPCL to Get ₹11,000 Crore Subsidy in Q1

The Indian government has decided to pay oil retailers Indian Oil Corporation (IOC), Bharat Petroleum Corp and Hindustan Petroleum Corp Rs.11, 000 crore in subsidy for the first quarter.

Aug 11, 2014

Jaitley Approves RBI's Inflation Policy, ₹526.79 Billion Profit to be Transferred to Govt

Finance Minister Arun Jaitley has approved the Reserve Bank of India's target of bringing the rate of retail inflation below six percent during a meeting held on Sunday.

Aug 11, 2014

USFDA to add Personnel in India to Boost Inspection

The agency now intends to increase its manpower in the country, so that inspections are carried out regularly and efficiently.

Aug 9, 2014

Banks Likely to Hire Agency to Inspect Bhushan Steel

To monitor the operations of Bhushan Steel, banks with an exposure of Rs.40, 000 crore in company are in talks to appoint a management agency.

Aug 9, 2014

Play

BSE closes points 259.87 down on August 8

New Delhi, August 8 (ANI): Trading at the Bombay Stock Exchange today closed 259.87 points down to stand at 25,329.14. At the National Stock Exchange the Nifty closed 80.70 points down to stand at 7,568.55. Oracle Financial Services Software Ltd. and Apollo Hospitals Enterprise Ltd. were among the top gainers of Group A with an increase of 2.92% and 2.69% along with Pidilite Inds and Bharti Airtel with an increase of 2.49% and 2.31% respectively, while the top losers of Group A include Bhushan Steel and JPPOWER with a decrease of 9.99% and 6.01% along with Torrent Power and SSLT with a decrease of 5.80% and 5.71% at the close of the markets. The Auto sector is down 214.69 points at 15,544.33 while the banking sector is down 258.61 points at 16,903.81 and the reality sector is down 73.82 points at 1,838.98. The Indian currency is up 0.21% at Rs 61.35 per dollar.

Aug 8, 2014