Business news

BSE closes points 352.42 up on October 29

New Delhi, Oct 29 (ANI): Trading at the Bombay Stock Exchange today closed 352.42 points up to stand at 20,922.70. At the National Stock Exchange the Nifty closed 119.80 points up to stand at 6,220.90. Mahindra and Mahindra Financial Services Ltd. and Maruti Suzuki were among the top gainers of Group A with an increase of 9.26% and 8.85% along with HDIL and Century Tex with an increase of 7.61% and 7.42% respectively, while the top losers of Group A include Suzlon Energy and Bharti Infratel with a decrease of 4.96% and 2.59% along with Muthoot Finance Ltd. and United Brew-$ with a decrease of 2.39% and 1.81% at the close of the markets. The Auto sector is up 289.56 points at 12,079.58 while the banking sector is up 550.81 points at 12,846.95 and the realty sector is up 31.59 points at 1,327.65. The Indian currency is up 0.14% at Rs 61.39 per dollar.

Oct 29, 2013

RBI raises repo rate by 25 bps to 7.75%, holds CRR

New Delhi, Oct 29 (ANI): In a bid to anchor inflationary expectations, the Reserve Bank of India on Tuesday hiked the repo rate by 0.25 percent to 7.75 percent in its second quarter monetary policy review. It however, slashed the Marginal Standing Facility (MSF) rate by 0.25 to 8.75 percent. The RBI has left the Cash Reserve Ratio (CRR) unchanged at 4 percent.

Oct 29, 2013

BSE closes points 104.17 down on October 28

New Delhi, October 28 (ANI): Trading at the Bombay Stock Exchange today closed 104.17 points down to stand at 20,579.35. At the National Stock Exchange the Nifty closed 43.80 points down to stand at 6,101.10. Adani Enterprises Ltd and Muthoot Finance were among the top gainers of Group A with an increase of 6.81% and 4.96% along with Suzlon Energy Ltd. and Shriram City Union Finance Ltd. with an increase of 4.93% and 3.56% respectively, while the top losers of Group A include Union Bank and Future Retail with a decrease of 7.48% and 7.22% along with Indiabulls Real Estate and Jaiprakash Associates with a decrease of 5.52% and 4.93% at the close of the markets. The Auto sector is up 2.18 points at 11,796.53 while the banking sector is down 141.81 points at 12,303.45 and the realty sector is down 29.60 points at 1,294.31. The Indian currency is down 0.07% at Rs 61.50 per dollar.

Oct 28, 2013

BSE closes points 70.42 down on October 25

New Delhi, October 25 (ANI): Trading at the Bombay Stock Exchange today closed 70.42 points down to stand at 20,655.01. At the National Stock Exchange the Nifty closed 19.45 points down to stand at 6,144.90. Suzlon Energy and Dabur India were among the top gainers of Group A with an increase of 4.98% and 3.37% along with Mcleod Russel India Ltd. and TV18 Broadcast with an increase of 3.21% and 3.14% respectively, while the top losers of Group A include Adani Ports and Adani Enterprises Ltd. with a decrease of 7.24% and 6.51% along with Adani Power and Gitanjali Gems with a decrease of 5.92% and 5.30% at the close of the markets. The Auto sector is down 150.48 points at 11,785.32 while the banking sector is down 27.71 points at 12,433.10 and the realty sector is down 32.15 points at 1,322.54. The Indian currency is down 0.14% at Rs 61.55 per dollar.

Oct 25, 2013

Ranbir Kapoor Rocks Trendy Look at Philips Event, Turns Brand Ambassador [PHOTOS]

Philips, India's leading lighting company, has announced Bollywood actor Ranbir Kapoor as its brand ambassador. The "Besharam" star will endorse Philips' range of LED Lighting solutions.

Oct 25, 2013

BSE closes points 60.51 down on October 24

New Delhi, Oct 24 (ANI): Trading at the Bombay Stock Exchange today closed 60.51 points down to stand at 20,707.37. At the National Stock Exchange the Nifty closed 14.00 points down to stand at 6164.35. United Breweries Ltd and Suzlon Energy were among the top gainers of Group A with an increase of 9.18% and 4.91% along with Federal Bank and Adani Enterprises Ltd. with an increase of 4.84% and 4.43% respectively, while the top losers of Group A include Financial Technologies and Unitech with a decrease of 5.31% and 4.92% along with JP POWER and HCL Technology with a decrease of 4.77% and 4.65% at the close of the markets. The Auto sector is up 60.10 points at 11,922.97 while the banking sector is up 41.12 points at 2,460.81 and the realty sector is down 15.32 points at 1,354.69.The Indian currency is up 0.17% at Rs 61.48 per dollar.

Oct 24, 2013

Sensex hits 21,000-mark for first time in nearly 3 years

New Delhi, Oct 24 (ANI): The BSE sensex on Thursday crossed the 21,000-mark for first time since November 2010 because of foreign fund inflows. The 30-share BSE Sensex is now just around 100 points away from a record high of 21,108.64 points it reached on 5 November 2010. The broader Nifty gained more than 1 per cent to 6,243.90. The 30-share index, which had lost over 126 points in the previous two sessions, was trading at 21,013.59 at 9.50am with realty, metal and oil and gas sector stocks leading the recovery.

Oct 24, 2013

BSE closes points 97.09 down on October 23

New Delhi, October 23 (ANI): Trading at the Bombay Stock Exchange today closed 97.09 points down to stand at 20,767.88. At the National Stock Exchange the Nifty closed 24.45 points down to stand at 6178.35. Gitanjali Gems and Hindustan Copper were among the top gainers of Group A with an increase of 16.48% and 10.93% along with MMTC Ltd. and Bank of India with an increase of 9.34% and 5.33% respectively, while the top losers of Group A include Wipro and Indiabulls Real Estate with a decrease of 4.41% and 3.99% along with JSW Energy and Jain Irrigation with a decrease of 3.90% and 3.59% at the close of the markets. The Auto sector is down 87.22 points at 11,862.87 while the banking sector is up 69.39 points at 12,419.69 and the realty sector is down 20.30 points at 1,370.01. The Indian currency is down 0.17% at Rs 61.55 per dollar.

Oct 23, 2013

BSE closes points 23.56 down on October 22

New Delhi, October 22 (ANI): Trading at the Bombay Stock Exchange today closed 23.56 points down to stand at 20,870.33. At the National Stock Exchange the Nifty closed 2.15 points down to stand at 6202.80. Suzlon Energy and Essar Oil were among the top gainers of Group A with an increase of 9.92% and 6.81% along with JP Power and JSW Energy with an increase of 6.12% and 5.50% respectively, while the top losers of Group A include Karnataka Bank and MCX with a decrease of 5.21% and 5.00% along with Wockhardt and Dish TV India Ltd. with a decrease of 4.43% and 3.42% at the close of the markets. The Auto sector is down 63.30 points at 11,954.61 while the banking sector is up 15.26 points at 12,342.52 and the realty sector is down 3.15 points at 1,390.21. The Indian currency is down 0.18% at Rs 61.63 per dollar.

Oct 22, 2013

BSE closes points 22.04 down on October 21

New Delhi, October 21 (ANI): Trading at the Bombay Stock Exchange today closed 22.04 points up to stand at 20,904.93. At the National Stock Exchange the Nifty closed 15.60 points up to stand at 6204.95.Adani Enterprises Ltd. and Federal Bank were among the top gainers of Group A with an increase of 12.54% and 10.30% along with Suzlon Energy Ltd. and Asian Paints with an increase of 10.00% and 8.71% respectively, while the top losers of Group A include Jindal Steel and Petronet LNG with a decrease of 3.76% and 2.73% along with ITC and Tata Global with a decrease of 2.58% and 2.56% at the close of the markets. The Auto sector is up 96.73 points at 12,027.09 while the banking sector is up 75.85 points at 12,330.08 and the realty sector is up 41.74 points at 1,395.05. The Indian currency is down 0.28% at Rs 61.44 per dollar.

Oct 21, 2013

Growth bite for pet industry

New Delhi, Oct 21 (ANI): To own a pet especially a dog was once considered to be an elite affair. But today it has become crucial; from a big business tycoon to a celebrity and even a common man, everyone owns a pet. And it’s no surprise that this reason has made the pet food market boom in a very short period of time. According to estimates, the pet industry in India has revenue earning potential of 56.5 million USD, out of which, around 40.3 million USD is contributed only by pet foods. With franchising entering the pet domain, the industry has witnessed unprecedented growth. And this growth has also given the sector new concepts.

Oct 21, 2013

Silk industry on a roll

Jammu, Oct 20 (ANI): Today, the diverse use of silk fabric in clothing, cushions and curtains for home decoration and for wall hangings has led to a rise in its demand. India currently produces 23,000 metric tonnes of silk as against the domestic requirement of 32,000 metric tonnes. But, India is committed to increasing the domestic production of silk, particularly the bivoltine variety, and reduce silk imports from China. Already facing tough Chinese competition, the silk industry is not left behind but has survived because of domestic demand market which is estimated to grow at a compound annual growth rate of 5.2 per cent till 2015-16.

Oct 20, 2013

Booming publishing industry

New Delhi, Oct 19 (ANI): The publishing industry is growing by 30% every year and has over 16,000 publishers, spread over fields of different subjects. Hindi language books constitute the majority with around 25,000 books while about 20,000 books are English, and the rest are in other vernacular languages.

Oct 20, 2013

BSE closes points 448.45 up on October 18

New Delhi, October 18 (ANI): Trading at the Bombay Stock Exchange today closed 448.45 points up to stand at 20,863.96. At the National Stock Exchange the Nifty closed 135.85 points up to stand at 6181.70. Essar Oil and Jain Irrigation were among the top gainers of Group A with an increase of 7.26% and 6.93% along with Gujarat Mineral Development Corporation Ltd. and Indusind Bank with an increase of 6.50% and 6.40% respectively, while the top losers of Group A include Financial Technologies and Motherson Sumi Systems with a decrease of 2.04% and 1.19% along with Max India and TTK Prestige with a decrease of 1.16% and 1.15% at the close of the markets. The Auto sector is up 133.08 points at 11,931.03 while the banking sector is up 461.48 points at 12,252.66 and the realty sector is up 40.43 points at 1,356.70.The Indian currency is down 0.05% at Rs 61.26 per dollar.

Oct 18, 2013

BSE Sensex surges over 400 points; situation still grim, says Pai

Bangalore, Oct1 8 (ANI): Even as the BSE Sensex rose to its highest since November 2010 on Friday, rallying over 400 points in pre-noon trade, Former Infosys Chairman, Mohandas Pai said the economic situation was still grim.

Oct 18, 2013