Business news

BSE closes points 148.12 up on October 1

New Delhi, October 1 (ANI): Trading at the Bombay Stock Exchange today closed 148.12 points up to stand at 19527.89. At the National Stock Exchange the Nifty closed 44.75 points up to stand at 5,780.05. Jain Irrigation and Amara Raja were among the top gainers of Group A with an increase of 7.66% and 7.33% along with Tata Communications and DLF Ltd. with an increase of 6.82% and 6.58% respectively, while the top losers of Group A include Wockhardt and Tata Power with a decrease of 5.00% and 3.82% along with Castrol India and Container Corp with a decrease of 3.40% and 3.13% at the close of the markets. The Auto sector is up 118.21 points at 11,114.80 while the banking sector is up 292.86 points at 11,257.05 and the realty sector is up 31.02 points at 1,201.35. The Indian currency is up 0.35% at Rs 62.38 per dollar.

Oct 1, 2013

Consumers hail petrol price cut

Consumers on Tuesday welcomed the cut announced in petrol prices by the Indian Oil Corporation Limited (IOC), the first reduction in rates in over five months but anticipate further hike in fuel prices in the coming days. IOC, the country's biggest refiner, said on Monday (September 30) it would cut petrol prices by 4.8 percent following an appreciation of the rupee and softening global in gasoline prices during the second half of September. IOC however raised diesel prices by 1.1 percent to reduce its revenue losses as Indian refiners sell the fuel at state-set low prices. The consumers lauded the reduction in the petrol price but expressed their fear of a hike in future, while accusing the government of whimsical fuel pricing.

Oct 1, 2013

BSE closes points 400.36 down on September 30

New Delhi, Sep 30 (ANI): Trading at the Bombay Stock Exchange today closed 400.36 points down to stand at 19,326.91. At the National Stock Exchange the Nifty closed 97.90 points down to stand at 5,735.30. Britannia Industries and Gujarat State Petronet Ltd. were among the top gainers of Group A with an increase of 6.23% and 5.58% along with ING Vysya Bank and Shree Cement with an increase of 5.11% and 3.62% respectively, while the top losers of Group A include Essar Oil and Financial Technologies with a decrease of 7.61% and 6.43% along with Tata Steel and Yes Bank with a decrease of 5.65% and 5.63% at the close of the markets. The Auto sector is down 175.98 points at 10,985.72 while the banking sector is down 320.07 points at 10,964.19 and the realty sector is down 24.99 points at 1,170.33. The Indian currency is down 0.13% at Rs 62.59 per dollar.

Sep 30, 2013

BSE closes points 183.81 down on September 27

New Delhi, September 27 (ANI): Trading at the Bombay Stock Exchange today closed 183.81 points down to stand at 19,710.04. At the National Stock Exchange the Nifty closed 49.05 points down to stand at 5,833.20. United Spirits and Videocon Industries Ltd. were among the top gainers of Group A with an increase of 6.12 % and 6.05% along with BPCL and MRF with an increase of 5.62% and 5.41% respectively, while the top losers of Group A include Financial Technologies (India) Ltd. and Jaiprakash Associates Ltd. with a decrease of 6.24% and 5.47% along with TV18 Broadcast and BHEL with a decrease of 5.30% and 5.32% at the close of the markets. The Auto sector is down 46.79 points at 11,145.69 while the banking sector is down 220.74 points at 11,273.91 and the realty sector is down 19.82 points at 1,193.41. The Indian currency is down 0.50% at Rs 62.38 per dollar.

Sep 27, 2013

BSE closes points 36.30 up on September 26

New Delhi, September 26 (ANI): Trading at the Bombay Stock Exchange today closed 36.30 points up to stand at 19892.54. At the National Stock Exchange the Nifty closed 5.75 points up to stand at 5879.60. BHEL and JP POWER were among the top gainers of Group A with an increase of 7.53% and 5.89% along with Financial Technologies and Oberoi Realty with an increase of 4.73% and 4.44% respectively, while the top losers of Group A include HDIL and Indian Oil Corp with a decrease of 4.67% and 4.10% along with OIL INDIA and Reliance Communications Ltd. with a decrease of 3.85% and 3.79% at the close of the markets. The Auto sector is up 4.29 points at 11,186.12 while the banking sector is down 36.74 points at 11,452.68 and the realty sector is down 11.42 points at 1,209.29. The Indian currency is up 0.43% at Rs 62.17 per dollar.

Sep 26, 2013

BSE closes points 77.67 down on September 25

New Delhi, September 25 (ANI): Trading at the Bombay Stock Exchange today closed 77.67 points down to stand at 19842.54. At the National Stock Exchange the Nifty closed 21.95 points down to stand at 5870.50. BHEL and Zee Entertainment were among the top gainers of Group A with an increase of 7.73% and 5.75% along with Apollo Hospitals and Sobha Dev with an increase of 4.82% and 4.56% respectively, while the top losers of Group A include Financial Technologies and MCX with a decrease of 9.92% and 4.60% along with JP POWER and HPCL with a decrease of 4.43% and 3.74% at the close of the markets. The Auto sector is down 9.70 points at 11,180.22 while the banking sector is down 103.74 points at 11,494.18 and the realty sector is down 9.88 points at 1,217.68. The Indian currency is up 0.36% at Rs 62.53 per dollar.

Sep 25, 2013

BSE closes points 27.02 up on September 24

New Delhi, September 24 (ANI): Trading at the Bombay Stock Exchange today closed 27.02 points up to stand at 19927.98. At the National Stock Exchange the Nifty closed 2.70 points up to stand at 5892.45. Ashok Leyland and Eicher Motors were among the top gainers of Group A with an increase of 7.93% and 5.82% along with Sobha Dev and IFCI with an increase of 4.11% and 3.60% respectively, while the top losers of Group A include Bajaj Finance Ltd and Shriram Transport Finance Company Ltd. with a decrease of 5.74% and 5.71% along with Bank of India and Coromandel International Ltd. with a decrease of 4.43% and 4.30% at the close of the markets. The Auto sector is up 124.52 points at 11,197.79 while the banking sector is down 36.32 points at 11,594.25 and the realty sector is down 3.44 points at 1,227.94. The Indian currency is down 0.03% at Rs 62.62 per dollar.

Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

New Delhi, Sept 24 (ANI): Commerce Ministry said that the widening trade deficit with China is a matter of concern and not sustainable in the long run, as representatives from both countries met to explore greater business opportunities between the countries. India-China Business Matchmaking Symposium in New Delhi was organised by the Confederation of Indian Industry (CII) and Trade Development Bureau (TDB) of China, in the backdrop of exponential growth in the trade sector between the two countries in the last few years. The Chinese business delegation headed by Vice Director General of Chinese Trade Development Bureau (TDB) Jia Guoyong consisted of delegates from various sectors of business and trade.

Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

Sep 24, 2013

No plans for selective stimulus package: Finance ministry

New Delhi, Sept 24 (ANI): Senior finance ministry official, Arvind Mayaram said on Monday that India has no plan to offer a special window to lend funds at lower interest rates to companies in some sectors.The finance ministry and the central bank were considering a selective stimulus plan that involved a debt-buying programme for eligible companies. Mayaram said that the banks in India have not yet developed the capability of appraising projects for a long duration. Mayaram also said that the government or the Reserve Bank of India (RBI) does not target any rate.

Sep 23, 2013

BSE closes points 380.64 down on September 23

New Delhi, September 23 (ANI): Trading at the Bombay Stock Exchange today closed 380.64 points down to stand at 19883.07. At the National Stock Exchange the Nifty closed 122.35 points down to stand at 5889.75. Gitanjali Gems and Motherson Sumi Systems were among the top gainers of Group A with an increase of 4.88% and 4.55% along with Jubilant Food works Ltd. and Titan Industries with an increase of 3.61% and 3.51% respectively, while the top losers of Group A include Union Bank and Yes Bank with a decrease of 9.97% and 8.87% along with Bank of Baroda and Oriental Bank with a decrease of 7.37% and 7.31% at the close of the markets. The Auto sector is down 144.27 points at 11,059.38 while the banking sector is down 562.11 points at 11,604.75 and the realty sector is down 61.42 points at 1,225.70. The Indian currency is down 0.67% at Rs 62.65 per dollar.

Sep 23, 2013

Jobless Italians return to vineyards for harvest

Vineyards in northern Italy are holding a 'harvest of solidarity' this year. The aim is to give unemployed Italians a job. It is proving so popular that hard-up Italians who used to shun farm work are beginning to replace immigrants. Duration: 02:32

Sep 22, 2013

BSE closes points 360.42 down on September 20

New Delhi, Sep 20 (ANI): Trading at the Bombay Stock Exchange today closed 360.42 points down to stand at 20286.22. At the National Stock Exchange the Nifty closed 103.45 points down to stand at 6012.10. TV18 Broadcast and Madras Cements were among the top gainers of Group A with an increase of 12.31% and 8.61% along with Shriram City University and IRB Infrastructure Developers Ltd. with an increase of 7.81% and 7.38% respectively, while the top losers of Group A include DLF and Oriental Bank with a decrease of 11.55% and 9.70% along with HDIL and Indian Bank with a decrease of 8.47% and 8.31% at the close of the markets. The Auto sector is down 150.43 points at 11,232.64 while the banking sector is down 527.80 points at 12,170.03 and the realty sector is down 89.93 points at 1,287.12. The Indian currency is down 0.73% at Rs 62.22 per dollar.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 2

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 1

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013