Business news

BSE closes points 211.58 up on Oct 22

New Delhi, Oct 22 (ANI): Trading at the Bombay Stock Exchange today closed 211.58 points up to stand at 26,787.23. At the National Stock Exchange the Nifty closed 68.15 points up to stand at 7,995.90. PMCFIN and JINDALSTEEL were among the top gainers of Group A with an increase of 16.82% and 10.17% along with DHFL and NATCO PHARMA LTD. with an increase of 9.05% and 8.83% respectively, while the top losers of Group A include KAILASH and HAVELLS with a decrease of 12.39% and 3.43% along with PTC and NCC with a decrease of 2.32% and 2.21% at the close of the markets. The Auto sector is up 519.45 points at 18,020.89 while the banking sector is up 35.31 points at 18,822.74 and the reality sector is up 6.04 points at 1,486.08. The Indian currency is down 0.11% at Rs 61.24 per dollar.

Oct 22, 2014

Business Registration in India will Take Just One Day Instead of 27

The Department of Industrial Policy and Promotion has proposed to reduce taxes and allow online payment of taxes to ease investments in India.

Oct 22, 2014

BSE closes points 145.80 up on Oct 21

New Delhi, Oct 21 (ANI): Trading at the Bombay Stock Exchange today closed 145.80 points up to stand at 26,575.65. At the National Stock Exchange the Nifty closed 48.35 points up to stand at 7,879.40. BEML and JINDALSTEEL were among the top gainers of Group A with an increase of 17.03% and 7.46% along with EDELWEISS and PIIND with an increase of 7.19% and 7.08% respectively, while the top losers of Group A include SUZLON and EXIDE INDUSTRIES LTD. with a decrease of 4.97% and 4.57% along with SOUTHBANK and GUJRATGAS with a decrease of 3.79% and 3.34% at the close of the markets. The Auto sector is up 113.23 points at 17,501.44 while the banking sector is up 223.04 points at 18,787.43 and the reality sector is up 37.88 points at 1,480.04. The Indian currency is down 0.05% at Rs 61.33 per dollar.

Oct 21, 2014

Good 'Karma' Earns Satya Nadella ₹71 crore in 2014

Microsoft CEO earned $11.6 million in fiscal 2014, not counting $79.78 million in stock awards.

Oct 21, 2014

French Oil Giant Total Loses CEO to Plane Crash

Christophe de Margerie, CEO of French oil giant Total, died in a plane accident in Moscow on Tuesday.

Oct 21, 2014

Cabinet Introduces Ordinance to Re-allocate 214 Blocked Coal Mines

Finance Minister Arun Jaitley said the bidding and re-allocation process will be complete in three-four months.

Oct 21, 2014

BSE closes points 321.32 up on Oct 20

New Delhi, Oct 20 (ANI): Trading at the Bombay Stock Exchange today closed 321.32 points up to stand at 26,429.85. At the National Stock Exchange the Nifty closed 99.70 points up to stand at 7,879.40. TORRENT POWER LTD. and SKS MICROFINANCE LTD. were among the top gainers of Group A with an increase of 12.60% and 8.88% along with HINDUSTAN PETROLEUM CORPORATION LTD. and TVS MOTOR COMPANY LTD. with an increase of 7.28% and 6.55% respectively, while the top losers of Group A include DEN and JINDAL STEEL and POWER LTD. with a decrease of 8.81% and 8.58% along with KAILASH and GVK POWER and INFRASTRUCTURE LTD. with a decrease of 8.32% and 5.62% at the close of the markets. The Auto sector is up 369.44 points at 17,388.21 while the banking sector is up 324.17 points at 18,564.39 and the reality sector is up 12.52 points at 1,442.16. The Indian currency is down 0.29% at Rs 61.26 per dollar.

Oct 20, 2014

Sensex Surges Over 400 Points; Auto Stocks Gain

All sectors were trading in green and the rally was led by banking.

Oct 20, 2014

Modi Appoints Arvind Subramanian as Chief Economic Adviser

Subramanian's appointment inserts a friend of RBI Governor Raghuram Rajan at the heart of policy making.

Oct 17, 2014

TCS, HCL Shares Dive As Profits Fall Below Expectations

Tata Consultancy Services (TCS) is set to see its biggest single day fall since May 2009

Oct 17, 2014

BSE closes points 349.99 down on Oct 16

New Delhi, Oct 16 (ANI): Trading at the Bombay Stock Exchange today closed 349.99 points down to stand at 25,999.34. At the National Stock Exchange the Nifty closed 115.80 points down to stand at 7,748.20. DLF and Cyient Limited were among the top gainers of Group A with an increase of 5.15% and 4.14% along with CEAT LTD. and EMAMI LTD. with an increase of 3.61% and 3.12% respectively, while the top losers of Group A include STAR and GSFC with a decrease of 18.41% and 10.72% along with UBL and CROMPTON GREAVES LTD. with a decrease of 9.44% and 8.18% at the close of the markets. The Auto sector is down 359.91 points at 16,900.95 while the banking sector is down 223.85 points at 17,802.75 and the reality sector is down 3.19 points at 1,416.04. The Indian currency is up 0.72% at Rs 61.85 per dollar.

Oct 16, 2014

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