Business news

China Home Prices Continue to Decline Despite Government Stimulus

Home prices across major cities in China, the second largest economy in the world, continued to decline despite the government's constant efforts to control the slowdown.

Nov 18, 2014

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BSE closes points 14.59 up on Nov 18

New Delhi, Nov 18 (ANI): Trading at the Bombay Stock Exchange today closed 14.59 points up to stand at 28,163.29. At the National Stock Exchange the Nifty closed 4.85 points up to stand at 8,425.90. RCOM and JAIN IRRIGATION SYSTEMS LTD. were among the top gainers of Group A with an increase of 9.22% and 7.76% along with RENUKA and REDINGTON with an increase of 7.20% and 6.20% respectively, while the top losers of Group A include RASOYA PROTEINS LTD and CEAT LTD with a decrease of 19.89% and 4.20% along with ECLERX SERVICES LTD. and KAILASH with a decrease of 3.95% and 3.60% at the close of the markets. The Auto sector is up 103.22 points at 19,030.02 while the banking sector is up 60.6 points at 20,262.54 and the reality sector is down 10.03 points at 1,664.91. The Indian currency is up 0.03% at Rs 61.75 per dollar.

Nov 18, 2014

Two Infosys Co-founders Float New Venture

Infosys' co-founders S. Gopalakrishnan and S.D. Shibulal come together again to set up Axilor Ventures.

Nov 18, 2014

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Kisan Vikas Patra Relaunched to Wean Poor off Ponzi Schemes

KVPs would help poor gullible investors channelise their savings in trusted government scheme.

Nov 18, 2014

Halliburton and Baker Hughes Agree to $34.6 Billion Friendly Acquisition deal

Halliburton Company, one of the leading oil-field services giant, and Baker Hughes Inc., have agreed to a friendly acquisition deal where the former will take over all common outstanding shares of the latter for a deal worth $34.6 billion.

Nov 18, 2014

Allergan and Actavis Agree to $66 Billion Acquisition Deal; Valeant Loses Hostile Bid

Allergan Inc., the famous Botox-maker, announced on Monday that it has agreed to a $66 billion take-over bid from Actavis Plc, the global pharmaceutical firm, beating Valeant Pharmaceutical's hostile efforts to acquire the wrinkle-treatment manufacturer.

Nov 18, 2014

Reliance Jio Raises $1.5 Billion from 26 Banks to Refinance Loans

Reliance has said it will invest over $11 billion for its 4G telecoms service as the business beefs up infrastructure ahead of a nationwide rollout next year.

Nov 18, 2014

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BSE closes points 131.22 up on Nov 17

New Delhi, Nov 17 (ANI): Trading at the Bombay Stock Exchange today closed 131.22 points up to stand at 28,177.88. At the National Stock Exchange the Nifty closed 40.85 points up to stand at 8,430.75. JSWENERGY and RURAL ELECTRIFICATION CORPORATION LTD. were among the top gainers of Group A with an increase of 12.13% and 10.25% along with NCC and Bajaj Finance Limited with an increase of 9.54% and 8.62% respectively, while the top losers of Group A include RASOYA PROTEINS LTD. and BALKRISHNA INDUSTRIES LTD. with a decrease of 19.91% and 7.03% along with PUNJ LLOYD LTD. and DEN with a decrease of 5.67% and 5.11% at the close of the markets. The Auto sector is up 266.87 points at 18,926.80 while the banking sector is up 83.16 points at 20,201.93 and the reality sector is up 5.58 points at 1,674.94. The Indian currency is up 0.02% at Rs 61.73 per dollar.

Nov 17, 2014