Business news

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BSE closes points 140.12 up on Jan 19

New Delhi, Jan 19 (ANI): Trading at the Bombay Stock Exchange today closed 140.12 points up to stand at 28,262.01. At the National Stock Exchange the Nifty closed 36.90 points up to stand at 8,550.70. SPARC and RAJESH EXPO were among the top gainers of Group A with an increase of 19.98% and 14.40% along with SUZLON and SINTEX with an increase of 9.00% and 7.95% respectively, while the top losers of Group A include MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. and HINDUSTAN UNILEVER LTD. with a decrease of 6.75% and 5.27% along with PMCFIN and PIIND with a decrease of 4.99% and 4.23% at the close of the markets. The Auto sector is up 189.54 points at 19,515.84 while the banking sector is up 202.03 points at 22,223.44 and the reality sector is up 4.02 points at 1,623.89. The Indian currency is down 0.16% at Rs 61.76 per dollar. Jan 19, 2015
World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit. Jan 17, 2015

Wipro quarterly profit beats estimates

Bengaluru, Jan 17 (ANI): India's third-biggest software services company Wipro reported a near-9 percent rise in third-quarter profit, slightly ahead of analysts' forecasts, helped by a rise in clients' technology spending. The company said revenue from its IT services business is expected to be $1.8 billion to $1.85 billion in the January-March period, representing growth of up to 3.4 percent from the preceding quarter. Wipro also announced the appointment of Jatin Dalal, senior vice president in the finance department, to take over from retiring CFO Suresh Senapaty from April. Jan 17, 2015
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BSE closes points 46.34 up on Jan 16

New Delhi, Jan 16 (ANI): Trading at the Bombay Stock Exchange today closed 46.34 points up to stand at 28,121.89. At the National Stock Exchange the Nifty closed 19.65 points up to stand at 8,513.80. SUNTV and Edelweiss Financial Services Ltd were among the top gainers of Group A with an increase of 11.04% and 9.09% along with TV18 BROADCAST and SUZLON with an increase of 8.12% and 7.54% respectively, while the top losers of Group A include PMCFIN and RASOYPR with a decrease of 4.92% and 4.49% along with JETAIRWAYS and Welspun Corp LTD. with a decrease of 3.95% and 3.12% at the close of the markets. The Auto sector is up 35.42 points at 19,342.32 while the banking sector is down 1.89 points at 22,021.41 and the reality sector is up 8.44 points at 1,619.87. The Indian currency is up 0.05% at Rs 62.03 per dollar. Jan 16, 2015
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