Business news

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

Reliance to Invest $13 Billion in Energy Projects; Set to Expand Jamnagar Oil Refinery

Reliance Industries is gearing up to invest around $13 billion in energy projects, with an aim to boost heavy crude oil refining process in India

Aug 30, 2014

Aircel-Maxis Case: SC Rejects Dayanidhi Maran's Plea to Restrain CBI from Filing Chargesheet

Dayanidhi Maran had requested the Supreme Court to stop the CBI from filing charge sheet against him in Aircel-Maxis deal.

Aug 28, 2014

Ratan Tata Invests in Snapdeal; Joins India's E-Commerce Industry

Earlier, the e-tailer firm had announced to join Tata Value Homes to sell apartment units of project across the country.

Aug 27, 2014

Banks Reduce Interest Rates for Home Loans above ₹75 lakh

Under the renewed scheme, 10.15 percent will be the standard rate for all home loans.

Aug 27, 2014

CCI Imposes ₹2,500 Crore Fine on 14 Car Makers for Anti-Competitive Practices

According to CCI's investigation, car makers restricted the access to spare parts, which led to surge in the price of auto-components.

Aug 27, 2014

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BSE closes points 5.79 up on August 26

New Delhi, August 26 (ANI): Trading at the Bombay Stock Exchange today closed 5.79 points up to stand at 26,442.81. At the National Stock Exchange the Nifty closed 1.55 points down to stand at 7,904.75. HAVELLS and BAJAJ FINSERV LTD were among the top gainers of Group A with an increase of 9.40% and 5.08% along with PIDILITE INDUSTRIES LTD and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with an increase of 4.90% and 4.08% respectively, while the top losers of Group A include RPOWER and ADANIPOWER with a decrease of 6.79% and 6.44% along with JINDALSTEL and JPPOWER with a decrease of 6.16% and 5.41% at the close of the markets. The Auto sector is up 4.69 points at 17,110.96 while the banking sector is down 42.62 points at 17,895.77 and the reality sector is down 0.82 points at 1,785.03. The Indian currency is up 0.11% at Rs 60.50 per dollar.

Aug 26, 2014

Real Estate Developer PACL to Appeal SEBI's Order to Refund $8.1 billion

The company on Monday convinced its investors through notice that their funds were safe.

Aug 26, 2014

Karbonn Mobiles Aims to Expand and Go Public in Two Years

The Bangalore-based company ranks behind Samsung and Micromax in India and sources its phones from China, Taiwan and Korea.

Aug 26, 2014

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BSE closes points 17.47 up on August 25

New Delhi, August 25 (ANI): Trading at the Bombay Stock Exchange today closed 17.47 points up to stand at 26,437.02. At the National Stock Exchange the Nifty closed 6.90 points down to stand at 7,906.30. EMAMI LTD. and MAX were among the top gainers of Group A with an increase of 6.27% and 4.47% along with INDIAN HOTELS CO.LTD. and TTKPRESTIGE with an increase of 3.07% and 2.77% respectively, while the top losers of Group A include JINDAL STEEL and POWER LTD. and HINDALCO with a decrease of 15.14% and 9.91% along with NATIONALUM and TATASTEEL with a decrease of 6.89% and 5.20% at the close of the markets. The Auto sector is up 59.51 points at 17,093.78 while the banking sector is down 161.80 points at 17,950.03 and the reality sector is down 36.62 points at 1,785.85. The Indian currency is up 0.07% at Rs 60.50 per dollar.

Aug 25, 2014

Adani to Invest $2 Billion in Odisha Power Plant

Gautam Adani has planned to invest $2 billion for a 2,500 megawatt power plant at Angul district in Orissa.

Aug 25, 2014

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