New Delhi, June 24 (ANI): Finance Secretary, Arvind Mayaram, on Tuesday laid emphasis on the need to boost investors' confidence to bring the country back on the path of growth and to spur economic expansion to its potential level. India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets. The finance ministry will decide on the matter after consultations with the Reserve Bank of India and capital markets regulator Securities and Exchange Board of India. Mayaram said he is hopeful that the government would take adequate steps to boost overall growth rate.
Jun 24, 2014
New Delhi, June 24 (ANI): Trading at the Bombay Stock Exchange today closed 337.58 points up to stand at 25,368.90. At the National Stock Exchange the Nifty closed 86.85 points up to stand at 7,580.20. Petronet LNG and Gujarat State Petronet Ltd. were among the top gainers of Group A with an increase of 7.73% and 7.58% along with HPCL and Jubilant FoodWorks Ltd. with an increase of 7.10% and 6.97% respectively, while the top losers of Group A include MCX and Piramal Enterprises Ltd. with a decrease of 3.07% and 2.87% along with Marico and Kotak Mah Bank with a decrease of 2.08% and 1.70% at the close of the markets. The Auto sector is up 182.10 points at 15,169.33 while the banking sector is up 261.60 points at 17,534.65 and the realty sector is up 63.62 points at 2,078.65. The Indian currency is down 0.12% at Rs 60.13 per dollar.
Jun 24, 2014
New Delhi, June 24 (ANI): Civil Aviation Minister Ashok Gajapathi Raju on Tuesday announced the alliance of Air India with the Star Alliance group. The government expects that the step would help the ailing national carrier come out of its losses. Ending a seven-year-long wait, the Star Alliance Chief Executive Board (CEB), at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.
Jun 24, 2014
New Delhi, June 23 (ANI): Trading at the Bombay Stock Exchange today closed 74.19 points down to stand at 25,031.32. At the National Stock Exchange the Nifty closed 18.10 points down to stand at 7,493.35. Indian Bank and Syndicate Bank were among the top gainers of Group A with an increase of 10.24% and 6.57% along with Mangalore Refinery and ONGC with an increase of 5.98% and 5.15% respectively, while the top losers of Group A include ITC and United Spirits with a decrease of 5.92% and 4.00% along with Kotak Mahindra Bank and Reliance Infrastructure Ltd. with a decrease of 3.83% and 3.12% at the close of the markets. The Auto sector is up 117.15 points at 14,995.46 while the banking sector is up 76.27 points at 17,273.05 and the realty sector is up 9.01 points at 2,015.63. The Indian currency is down 0.01% at Rs 60.19 per dollar.
Jun 23, 2014
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