Business news

BSE closes points 321.94 down on May 29

New Delhi, May 29 (ANI): Trading at the Bombay Stock Exchange today closed 321.94 points down to stand at 24,234.15. At the National Stock Exchange the Nifty closed 94.00 points down to stand at 7,235.65. Amara Raja and Financial Technologies were among the top gainers of Group A with an increase of 6.10% and 4.99% along with UCO Bank and Sobha Dev with an increase of 4.62% and 4.08% respectively, while the top losers of Group A include Wockhardt and Infosys with a decrease of 8.06% and 7.86% along with Jain Irrigation and Neyveli Lignite with a decrease of 6.20% and 5.42% at the close of the markets. The Auto sector is down 25.62 points at 14,466.04 while the banking sector is down 155.79 points at 17,227.63 and the realty sector is down 25.74 points at 1,857.22. The Indian currency is up 0.10% at Rs 58.87 per dollar.

May 29, 2014

Apple to Acquire Beats for $3 Billion; Cupertino Giant Expected to Make Headway in Music Streaming

Apple Inc. has agreed to acquire music service Beats Music and Beats Electronics for $3 billion.

May 29, 2014

Indian stock brokers watch the key Sensex share index graph in a brokerage firm in Mumbai May 13, 2004.

BSE Sensex: Trading Kicks off on Lower Note, Monthly Derivatives Set to Expire Today

The sensex at Bombay Stock Exchange started the day on a slightly lower note as the monthly derivatives are set to expire today. The sensex took off at 24,490.33 points at 9.00 am.

May 29, 2014

Play

BSE closes points 6.58 up on May 28

New Delhi, May 28 (ANI): Trading at the Bombay Stock Exchange today closed 6.58 points up to stand at 24,556.09. At the National Stock Exchange the Nifty closed 17.70 points up to stand at 7,335.70. Power Finance and Gujarat Mineral Development Corporation Ltd. were among the top gainers of Group A with an increase of 8.18% and 7.39% along with South Indian Bank and Muthoot Finance Ltd. with an increase of 7.37% and 6.93% respectively, while the top losers of Group A include Jet Air India and SAIL with a decrease of 8.61% and 4.59% along with HPCL and Engineers India with a decrease of 4.56% and 4.39% at the close of the markets. The Auto sector is down 93.75 points at 14,507.39 while the banking sector is up 97.27 points at 17,383.42 and the realty sector is up 25.98 points at 1,882.96. The Indian currency is up 0.30% at Rs 58.86 per dollar.

May 28, 2014

Coca-Cola in Trouble over £20m Anti-Obesity Campaign, Accused of Causing Weight Gain Epidemic

Coca-Cola has landed itself in trouble over its plans to fund a £20million anti-obesity campaign, called "Coca‑Cola Zero ParkLives".

May 27, 2014

Play

BSE Sensex falls from record high on profit booking

Mumbai, May 27 (ANI): Market on Tuesday opened in a negative territory, a day after Narendra Modi and his cabinet ministers took oath to form the new government. The BSE Sensex retreated from record high by losing over 160 points in early trade as cautious investors booked profits. Market Expert Sunil Shah said that this is an understandable trend as market is taking a pause. Further, he said that IT sector is doing well as against the previous times.

May 27, 2014

Play

BSE closes points 23.53 up on May 26

New Delhi, May 26 (ANI): Trading at the Bombay Stock Exchange today closed 23.53 points up to stand at 24,716.88. At the National Stock Exchange the Nifty closed 8.05 points down to stand at 7,359.05. Mahindra & Mahindra and Shree Cement were among the top gainers of Group A with an increase of 7.94% and 6.38% along with SAIL and SSLT with an increase of 5.26% and 4.69% respectively, while the top losers of Group A include Gitanjali Gems and HDIL with a decrease of 10.00% and 9.85% along with National Aluminium Co.Ltd. and Mahindra & Mahindra Financial Services Ltd. with a decrease of 9.32% and 8.58% at the close of the markets. The Auto sector is up 295.08 points at 14,875.82 while the banking sector is down 130.02 points at 17,393.11 and the realty sector is down 103.16 points at 1,873.80. The Indian currency is down 0.49% at Rs 58.81 per dollar.

May 26, 2014