Business news

BSE closes points 59.23 down on September 5

New Delhi, Sept 5 (ANI): Trading at the Bombay Stock Exchange today closed 59.23 points down to stand at 27,026.70. At the National Stock Exchange the Nifty closed 9.10 points down to stand at 8,086.85. WOCKHARDT LTD. and NATIONALUM were among the top gainers of Group A with an increase of 13.37% and 8.73% along with BHUSHAN STEEL LTD. and DLF with an increase of 4.96% and 4.87% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD. and JPINFRATEC with a decrease of 11.41% and 7.23% along with SUZLON and IFCI with a decrease of 4.25% and 4.24% at the close of the markets. The Auto sector is down 115.46 points at 17,573.42 while the banking sector is down 55.75 points at 18,298.00 and the reality sector is up 20.08 points at 1,765.41. The Indian currency is up 0.12% at Rs 60.43 per dollar.

Sep 5, 2014

India Hopes Oz Nuclear Deal will Boost Power Supply after Adding 10 Power Plants, Industries Keen

After the deal, Indian government hopes to increase its nuclear capacity to 63,000 MW by 2032 by adding 10 more reactors with an estimated cost of $85 billion.

Sep 5, 2014

Apple Shares plunge ahead of iPhone 6 launch

Apple Inc shares have been slipping since Wednesday ahead of the launch of its latest iPhone model on 9 September. The stocks have touched its lowest figure since 28 January.

Sep 4, 2014

DLF Shares Plunge After High Court Cancels 350- acre Land Allotment in Gurgaon

Following the judgment, the stock price of each DLF share slipped 10% and was offered for ₹163.10 per share at 2.30 pm on Thursday.

Sep 4, 2014

Lantern Days Back in India? Power Plants Left with 2 Days of Coal Stock

Currently no solution for low coal stocks. Government is yet to arrange for import of coals: CIL official

Sep 4, 2014

Ex-New York Mayor to Return as Head of Bloomberg LP

Michael Bloomberg is returning to lead the financial data and news company he founded in 1981 but left to serve three terms in City Hall.

Sep 4, 2014

McDonald's Franchise Owner Buys Mumbai's Nepean Sea Road Bungalow for ₹175 crore

A century old three-story building named Razak Haven at Nepean Sea Road in South Mumbai has been sold for Rs.175 crore

Sep 3, 2014

Supreme Court Rejects Kingfisher Airlines' Plea for Legal Representation

The Supreme Court on Tuesday disapproved a plea from debt-hit Kingfisher Airlines to be allowed legal representation before the grievance redressal committee set up by United Bank of India, after the bank declared it as wilful defaulter on Monday.

Sep 2, 2014

Kingfisher and UB Group chairman Vijay Mallya

Kingfisher, Mallya Declared 'Wilful Defaulter' by UBI

Kolkata-based UBI on Monday declared Kingfisher Airlines owner Vijay Mallya as 'wilful defaulter'.

Sep 2, 2014

Car Sales Surge, Industry Expects 12% Boost this Festive Season

experts believe that recent decline in international rubber prices is also a factor that might boost the Indian automobile industry.

Sep 2, 2014

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BSE closes points 229.44 up on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of Group A with an increase of 10.42% and 9.43% along with APOLLOTYRE and ANDHRABANK with an increase of 8.93% and 6.72% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and GMDC LTD. with a decrease of 4.98% and 2.41% along with Bajaj Finance Limited and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with a decrease of 2.30% and 2.12% at the close of the markets. The Auto sector is up 254.31 points at 17,547.96 while the banking sector is up 322.80 points at 18,326.48 and the reality sector is up 46.95 points at 1,774.39. The Indian currency is up 0.07% at Rs 60.49 per dollar.

Sep 1, 2014