Business news

A road sign stands next to the Bombay Stock Exchange building (Reuters)

Sensex Hits Record High of 27,358 Points; Oil and Gas, Tech Surge

The Sensex touched a high of 27,358.85 points and a low of 27,088.65 points in the trade so far.

Oct 30, 2014

Xiaomi Topples Huawei from Third Place in Global Smartphone War; Gets Closer to Samsung, Apple

Xiaomi has been the top seller in its home market of China and recently entered India, where it sells phones exclusively through e-commerce site Flipkart. Now, Xiaomi has toppled Huawei from third position and has further lessened the market share gap between the table toppers Samsung and Apple.

Oct 30, 2014

Andhra Bank's Net Profit Rises by 35%

The net profit was ₹144 crore, a jump of 35% quarter-on-quarter.

Oct 30, 2014

Fed Ends Bond Buying, Shows Confidence in US Recovery

The Federal Reserve on Wednesday ended its monthly bond purchase program.

Oct 30, 2014

ICICI Bank Q2 Net Profit Up 15% to ₹2,709 Crore; Beats Estimates

Net profit rose 15% to ₹27.09 billion ($440.88 million) for its fiscal second quarter ended Sept. 30.

Oct 30, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

Sensex Hits Five-week High on Fed Optimism

Realty shares rose after the government relaxed rules for foreign investment in construction.

Oct 30, 2014

BSE closes points 217.35 up on Oct 29

New Delhi, Oct 29 (ANI): Trading at the Bombay Stock Exchange today closed 217.35 points up to stand at 27,098.17. At the National Stock Exchange the Nifty closed 61.15 points up to stand at 8,088.75. SRF and NCC were among the top gainers of Group A with an increase of 20.00% and 7.66% along with BF UTILITIES LTD and MAX with an increase of 7.40% and 7.31% respectively, while the top losers of Group A include JUBILANT and PIIND with a decrease of 11.31% and 6.07% along with CEATLTD and ORIENTBANK with a decrease of 4.40% and 4.25% at the close of the markets. The Auto sector is up 316.86 points at 18,259.29 while the banking sector is down 42.95 points at 19,030.60 and the reality sector is up 42.82 points at 1,479.82. The Indian currency is up 0.2% at Rs 61.31 per dollar.

Oct 29, 2014

Apple business booms after floods in Kashmir

Poonch, Oct 29 (ANI): The recent floods in Kashmir proved to be a boon for the apple business as the state witnesses a record sale of apples this season. The worst flooding in over a century had hampered the trade of Kashmiri apple, which is popular worldwide for its taste and juice. But now with ample production of good quality apples, there is a boom in the sale of the fruit. An apple trader, Mohammad Amin, said that in comparison to previous years, the sale of apples this year has increased.

Oct 29, 2014

India Ranks 142 in 'Ease of Doing Business' Report, Leads South Asia: World Bank

The report covering 189 economies worldwide, found that Singapore tops the global ranking on the ease of doing business.

Oct 29, 2014

Airbus-Tatas Bid for ₹20,000 Crore IAF Transport Aircraft Order

The $17.8-billion Airbus Defence has tied up with Tata Sons' subsidiary (TASL) as its Indian production partner for the order.

Oct 29, 2014

Snapdeal Goes Stronger, Bags Investment Worth $627 Million

The investment will make the e-commerce retail war more interesting.

Oct 28, 2014

pm-narendra-modi-launches-pradhanmantri-jan-dhan-yojana

PM's Jan Dhan Yojana Now has Dedicated Portal

As on Oct 22, a total of 6.47 crore accounts have been opened with a deposit of Rs.4,813.59 crore under the scheme.

Oct 28, 2014

Coal India's Price Pooling under Review: Coal Secretary

The proposal was earlier shelved during the United Progressive Alliance (UPA) rule, as most state electricity boards opposed it fearing increase in power tariffs.

Oct 28, 2014

SoftBank Corp. Chief Executive Masayoshi Son

Japan's SoftBank to Invest $10 billion in India, to Make Huge Investments in Snapdeal, Olacabs

The chairman of Softbank, Masayoshi Son, is the richest man in Japan. Softbank had invested $20 million in Chinese e-commerce giant Alibaba in 2000.

Oct 28, 2014

BSE closes points 98.15 down on Oct 27

New Delhi, Oct 27 (ANI): Trading at the Bombay Stock Exchange today closed 98.15 points down to stand at 26,752.90. At the National Stock Exchange the Nifty closed 22.85 points down to stand at 7,991.70. KAILASH and RAJESH EXPO were among the top gainers of Group A with an increase of 10.41% and 7.18% along with PEL and BHEL with an increase of 5.90% and 5.10% respectively, while the top losers of Group A include JUSTDIAL and JINDAL STEEL with a decrease of 10.35% and 8.32% along with DLF and DEN with a decrease of 8.09% and 5.50% at the close of the markets. The Auto sector is down 125.74 points at 17,899.82 while the banking sector is up 91.37 points at 18,948.89 and the reality sector is down 56.40 points at 1,432.29. The Indian currency is up 0.09% at Rs 61.33 per dollar.

Oct 27, 2014