Business news

Prices on Rise Days before Union Budget

It's less than a week to go before the Modi government's first budget session begins in the Parliament on 7 July, and it seems to be facing one price hike after another in quick succession.

Jul 1, 2014

Indian Rupee, Market Open High; Oil prices Hiked

The BSE-Sensex rose 0.44 percent, while the NSE Nifty gained 0.31 percent on Tuesday.

Jul 1, 2014

ATMs will now Generate Receipts in Hindi also

ATMs Likely to Generate Receipts in Hindi Soon

The Home ministry has asked RBI to direct banks to upgrade ATM's software to generate receipts in Hindi language.

Jul 1, 2014

BSE closes points 313.86 up on June 30

New Delhi, June 30 (ANI): Trading at the Bombay Stock Exchange today closed 313.86 points up to stand at 25,413.78. At the National Stock Exchange the Nifty closed 102.55 points up to stand at 7,611.35. Syndicate Bank and Allahabad Bank were among the top gainers of Group A with an increase of 11.85% and 8.91% along with CESC and JPPOWER with an increase of 8.69% and 8.62% respectively, while the top losers of Group A include United Spirits and Sobha Developers Ltd. with a decrease of 4.21% and 2.82% along with Bharti Infratel and TV18 Broadcast with a decrease of 2.72% and 2.25% at the close of the markets. The Auto sector is up 41.27 points at 15,239.54 while the banking sector is up 293.34 points at 17,475.08 and the realty sector is up 21.56 points at 2,077.13. The Indian currency is up 0.01% at Rs 60.09 per dollar.

Jun 30, 2014

Hamid Ansari shaking hands with China's Vice President Li Yuanchao

Chinese Investment in India, May Revive Country's Economy

Three key MoUs signed between India and China, setting up Chinese industrial parks in India.

Jun 30, 2014

an-employee-walks-out-of-the-bombay-stock-exchange-bse-building-in-mumbai-august-22-2013

Indian Stocks Bullish during Early Trade; Rupee Weakens

All Indian stock indices bullished during early trade, but rupee fell flat at 60.03 per dollar on Monday. The BSE index rose one percent, while the Nifty index gained 0.99 percent during early trade on Monday, following the gains in Asian markets.

Jun 30, 2014

Air India: Non-operational Employees not Eligible for Lapsable PL

Amidst talks of privatization and large amount of losses, Air India has decided not to pay for lapsable Privilege Leaves to non-operational employees due to lack of funds.

Jun 30, 2014

Ranbaxy's Journey over the Years

In 1937, cousins Ranjit Singh and Gurbax Singh started as Indian distributors of vitamin-drugs for Japanese pharmaceutical company in Amritsar.

Jun 30, 2014

Online Jewellers Set to Expand Abroad Markets

E-jewellery retailers are planning to increase their presence and demand in the international market.

Jun 29, 2014

IndiGo Likely to Expand Capacity, Plans IPO of $400 Million

While other airline brands are cautious keeping in view the losses they faced last year, IndiGo, a low-cost carrier is expected to increase its capacity in this fiscal year.

Jun 28, 2014

Catamaran Ventures to Team up with Amazon for E-Commerce

NR Narayan Murthy, co-founder of Infosys, is planning to form a joint venture with Amazon.com

Jun 28, 2014

Ranbaxy to Make Generic Diovan Drug in US

Ranbaxy Laboratories Ltd has received the nod to launch a cheaper version of Novartis AG's blood pressure and heart attack treatment pill Diovan, from US Food and Drug Administration (FDA), amid acquisition process by Sunpharma for $4 billion.

Jun 27, 2014

Japan's Sumitomo Mitsui Set to Invest ₹2,400 Crore in Reliance Capital

Japan's Sumitomo Mitsui is buying a 10 percent stake in the Anil Ambani-owned company.

Jun 27, 2014

BSE closes points 37.25 up on June 27

New Delhi, June 27 (ANI): Trading at the Bombay Stock Exchange today closed 37.25 points up to stand at 25,099.92. At the National Stock Exchange the Nifty closed 15.60 points up to stand at 7,508.80. Havells India and HDIL were among the top gainers of Group A with an increase of 6.21% and 6.09% along with Divis Lab and Future Retail with an increase of 5.99% and 5.78% respectively, while the top losers of Group A include Indian Hotels and Ashok Leyland with a decrease of 4.83% and 4.62% along with Bharat Electronics Ltd. and National Aluminium Co.Ltd. with a decrease of 3.98% and 3.75% at the close of the markets. The Auto sector is down 82.08 points at 15,198.27 while the banking sector is down 79.98 points at 17,181.74 and the realty sector is up 16.26 points at 2,055.57.The Indian currency is down 0.07% at Rs 60.10 per dollar.

Jun 27, 2014