Business news

Indian Stocks Record Biggest Single-Day Fall Since September 2013; Majority of Rail Stocks Plunge

BSE and NSE indices recorded their biggest single day fall in over 10 months.

Jul 8, 2014

BSE closes points 517.97 down on July 8

New Delhi, July 08 (ANI): Trading at the Bombay Stock Exchange today closed 517.97 points down to stand at 25,582.11. At the National Stock Exchange the Nifty closed 163.95 points down to stand at 7,623.20. MCX and Berger Paints were among the top gainers of Group A with an increase of 4.36% and 2.66% along with Bajaj Holdings and Cadila Health with an increase of 2.34% and 1.63% respectively, while the top losers of Group A include Unitech and Jaiprakash Associates Ltd. with a decrease of 12.54% and 9.82% along with IFCI and MMTC with a decrease of 9.47% and 9.30% at the close of the markets. The Auto sector is down 367.98 points at 15,838.12 while the banking sector is down 413.67 points at 17,195.13 and the realty sector is down 150.04 points at 1,945.73. The Indian currency is 0.28% down at Rs 59.84 per dollar.

Jul 8, 2014

Will Gowda's Budget Help Improve Freight, Passenger Traffic?

The Union Railways Ministry has increased the freight charges, which slumped down to 36 percent, with an additional passenger traffic of just 12.9 percent, to bring the Indian Railways back on track.

Jul 8, 2014

Railway Budget 2014-15: Hi-Tech Stations, Bullet Trains, Digital Services

The Modi government's first Railway Budget put thrust on technology and modernization to revamp Indian Railways.

Jul 8, 2014

'Missing' CMD of SIS Sunil Kakkad Arrested in Liberia

Sunil Kakkad, chairman and managing director of Sai InfoSystems was missing since last year was arrested in Liberia.

Jul 8, 2014

A man looks at a screen across the road displaying the election results on the facade of the BSE building in Mumbai

Market Falls After Heavy FII Sales, Rail Stocks Plunge on Budget Day

Indian stock indices on Tuesday traded lower after surging during early trade on Railway budget presentation day.

Jul 8, 2014

mahindras-next-generation-electric-car-e2o

Government Set to Lower Prices for Electric, Hybrid Cars Through Subsidies in Union Budget

If you have always wanted to buy an electric or hybrid car, buying it after the Union Budget could be a good time with prices of these vehicles set to drop if the government pushes for subsidies as is strongly expected

Jul 8, 2014

Railway Budget: AP, Telangana Hope to Get New Trains, Lines; Bangalore May Get Commuter Trains

Andhra Pradesh and Telangana are hoping for several new railway lines, introduction of new trains completion of several pending rail projects from the new rail budget.

Jul 8, 2014

RCOM to Outsource 37% of its Workforce

Anil Ambani-led RCOM is planning to outsource around 6,000 call-centre employees due to restructuring process.

Jul 8, 2014

Railway Budget Live Blog: Modi calls "Modern" Rail Budget a Growth Engine, Opposition Calls it 'Pro-rich'

The Modi government is set to present its first Railway Budget today in the Parliament, which is expected to pave the way for high-speed trains and private sector investment.

Jul 8, 2014

Commuters hang onto a crowded local passenger train in the eastern Indian city of Patna (Reuters file)

What Indian Railways Can Learn from its Japanese Counterpart

Here is a look at how privatization can transform the Indian railways, vis-à-vis the railway network in Japan that is known to be the world's best.

Jul 8, 2014

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BSE closes points 138.02 up on July 7

New Delhi, July 07 (ANI): Trading at the Bombay Stock Exchange today closed 138.02 points up to stand at 26,100.08. At the National Stock Exchange the Nifty closed 35.55 points up to stand at 7,787.15. IDFC and Container Corporation Of India Ltd. were among the top gainers of Group A with an increase of 6.23% and 6.13% along with Neyveli Lignite and Cadila Health with an increase of 5.71% and 5.58% respectively, while the top losers of Group A include HDIL and BAJFINANCE with a decrease of 3.78% and 3.00% along with HPCL and JSW Steel with a decrease of 2.97% and 2.97% at the close of the markets. The Auto sector is up 110.33 points at 16,206.10 while the banking sector is down 215.73 points at 17,608.80 and the realty sector is down 3.03 points at 2,095.77. The Indian currency is up 0.44% at Rs 59.98 per dollar.

Jul 7, 2014

Top 10 Expectations from Union Budget 2014-15

With just two days to go before Finance Minister Arun Jaitley lays down the Budget for this fiscal year, here's a look at all the talk and buzz surrounding the Budget and what it is expected to bring to the table.

Jul 7, 2014