Business news

Sensex Tanks 350 Points; Consumer Durable, Automobile Stocks Plunge

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed in red.

Oct 16, 2014

Oil Prices Slump to Four-Year-Low Below $83 a Barrel

Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.

Oct 16, 2014

Snapdeal Set to Raise $600-$650 Million in Investment

The amount, set to be the biggest investment in India's growing e-commerce sector after Flipkart raised $1 billion in July, is likely to be announced next week

Oct 15, 2014

BSE closes points 34.74 down on Oct 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 34.74 points down to stand at 26,349.33. At the National Stock Exchange the Nifty closed 20.25 points down to stand at 7,864.00. DEN and ATUL were among the top gainers of Group A with an increase of 20.00% and 5.10% along with BF UTILITIES LTD. and LIC HOUSING FINANCE LTD. with an increase of 4.60% and 4.46% respectively, while the top losers of Group A include DLF and HCC with a decrease of 28.46% and 6.48% along with SUNTV and KAILASH with a decrease of 5.73% and 5.27% at the close of the markets. The Auto sector is down 74.02 points at 17,260.86 while the banking sector is up 93.75 points at 18,026.60 and the reality sector is down 144.43 points at 1,419.23. The Indian currency is up 0.48% at Rs 61.39 per dollar.

Oct 14, 2014

Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

Sikka Reboots Infosys to Become Industry Bellwether Again

Sikka has got cracking to renew the $8.3-billion company's efforts to catch up with the industry's revenue growth in double-digit.

Oct 14, 2014

Flourishing apple trade in Shimla town boosts business

Shimla, Oct 14 (ANI): Apple business is booming in northern hill town and famed tourist destination Shimla, registering an annual growth from 35 billion to 45 billion rupees, proving a boon for the economy. Apple farming, which is the biggest business of the state, is not only giving good business to its farmers and traders, but the state government is also launching different schemes and initiatives to help grow the trade. Different varieties of the fruit are being sold out in large quantities at the local markets in Narkanda, Shimla, Dhali, Solan and Parwanoo during the onset of winter. On an average, the farmers get 1,000 rupees for a box containing 20-25 kg of apple. But this year, farmers are getting between 1,000 to 2,200 rupees for the same box. Vice-chairman, Himachal Pradesh, Agricultural Produce Market Committee (APMC), Mohinder Satan, said that with each year passing, more are more farmers and traders are joining this business considering its profit. Besides, the government is also giving 80 percent subsidy to the apple farmers.

Oct 14, 2014

Gold Price Touches One-Month High with Drop in Dollar, Stocks

A sell-off in the stock markets saw gold-backed exchange-traded funds attracting investors for the first time in a month after heavy outflows.

Oct 14, 2014

DLF Slumps over 26% as SEBI Bars it from Capital Markets

India's largest listed property developer DLF Ltd dropped more than 26% on Tuesday, after market regulator SEBI barred the company from tapping the capital markets for three years.

Oct 14, 2014

BSE closes points 86.69 down on Oct 13

New Delhi, Oct 13 (ANI): Trading at the Bombay Stock Exchange today closed 86.69 points down to stand at 26,384.07. At the National Stock Exchange the Nifty closed 24.30 points down to stand at 7,884.25. SINTEX and BF UTILITIES LTD were among the top gainers of Group A with an increase of 19.70% and 18.31% along with KAILASH and PAGE INDUSTRIES LTD with an increase of 7.73% and 7.66% respectively, while the top losers of Group A include All Prices in RASOYA PROTEINS LTD and AMTEK AUTO LTD with a decrease of 4.87% and 4.64% along with JETAIRWAYS and UNITECH with a decrease of 4.16% and 3.90% at the close of the markets. The Auto sector is down 13.54 points at 17,334.88 while the banking sector is up 238.62 points at 17,932.85 and the reality sector is down 28.42 points at 1,563.66. The Indian currency is up 0.26% at Rs 61.19 per dollar.

Oct 13, 2014