Business news

BSE closes points 109.80 down on June 11

New Delhi, June 11 (ANI): Trading at the Bombay Stock Exchange today closed 109.80 points down to stand at 25,473.89. At the National Stock Exchange the Nifty closed 29.55 points down to stand at 7,626.85. Britannia Industries and Suzlon Energy were among the top gainers of Group A with an increase of 10.57% and 4.93% along with Havells India and Amara Raja with an increase of 4.25% and 4.09% respectively, while the top losers of Group A include TTK Prestige and HDIL with a decrease of 9.44% and 9.21% along with Future Retail and Unitech with a decrease of 8.25% and 7.00% at the close of the markets. The Auto sector is down 71.48 points at 15,365.39 while the banking sector is down 45.73 points at 17,635.9 and the realty sector is down 94.65 points at 94.65. The Indian currency is up 0.10% at Rs 59.23 per dollar.

Jun 11, 2014

Emirates has cancelled an order for 70 A359 aircrafts, which were confirmed in 2007, UK engine maker Rolls-Royce has said. (Representational Picture)

Rolls-Royce 'Disappointed' as Emirates Cancels Orders for 70 Airbus A350 Aircraft

Emirates Airlines has cancelled an order for Airbus's 70 A350 aircraft, UK aero-engine maker Rolls-Royce has revealed.

Jun 11, 2014

Sensex Opens Flat after Reaching Record High, Shares Fall on Profit Taking

The BSE seansex opened flat on Wednesday, after hitting record highs in the last few days.

Jun 11, 2014

Eros Set to Acquire Chennai-Based VAS Firm Techzone

Eros International is set to sign an agreement to acquire Chennai-based value added services provider (VAS) Techzone for an undisclosed amount.

Jun 10, 2014

BSE closes points 3.48 up on June 10

New Delhi, June 10 (ANI): Trading at the Bombay Stock Exchange today closed 3.48 points up to stand at 25,583.69. At the National Stock Exchange the Nifty closed 1.80 points up to stand at 7,656.40. TTK Prestige and Gitanjali Gems were among the top gainers of Group A with an increase of 13.50% and 9.43% along with Essar Oil and Bharti Infratel with an increase of 8.41% and 6.51% respectively, while the top losers of Group A include Sobha Developers Ltd. and Pipavav Defence with a decrease of 5.94% and 4.95% along with Shree Cement and Mahindra & Mahindra Financial Services Ltd. with a decrease of 4.78% and 4.73% at the close of the markets. The Auto sector is up 2.91 points at 15,436.87 while the banking sector is down 135.69 points at 17,681.67 and the realty sector is down 66.89 points at 2,189.12. The Indian currency is up 0.15% at Rs 59.29 per dollar.

Jun 10, 2014

A man looks at a screen across the road displaying the election results on the facade of the BSE building in Mumbai

Indian Shares Likely to See a Positive Day; Fertilizers and Real Estate Stocks Rally

Indian Shares are likely to see a positive day, after regional markets have been witnessing a strong inflow of foreign funds.

Jun 10, 2014

BSE closes points 183.75 up on June 9

New Delhi, June 09 (ANI): Trading at the Bombay Stock Exchange today closed 183.75 points up to stand at 25,580.21. At the National Stock Exchange the Nifty closed 71.20 points up to stand at 7,654.60. Unitech and Grasim Industries Ltd. were among the top gainers of Group A with an increase of 17.16% and 11.38% along with Sobha Dev and Sun TV Network with an increase of 8.96% and 8.95% respectively, while the top losers of Group A include Pipavav Defence and Godrej Consumer Products Ltd. with a decrease of 4.98% and 3.12% along with Bajaj Finserv Ltd. and MCX with a decrease of 2.96% and 2.79% at the close of the markets. The Auto sector is up 234.63 points at 15,419.15 while the banking sector is up 28.77 points at 17,817.36 and the realty sector is up 127.98 points at 2,256.01. The Indian currency is up 0.16% at Rs 59.07 per dollar.

Jun 9, 2014

Indian Shares Set to Surge this Week, Market Riding on Hopes of New Govt's Economic Reforms

After closing on a record high last Friday, Indian shares started on a positive note at the Bombay Stock Exchange this morning. The market kicked off the pre-opening time slot at 25,479.50 points reaching a high of 25,543.60 points in minutes.

Jun 9, 2014

Twitter Buys Mobile Ad Startup Namo Media; Might Acquire SoundCloud Soon

Micro-blogging brand Twitter on 4 June, announced the acquisition of Namo Media, a firm expert in advertising through mobile apps.

Jun 7, 2014

FDI in Health Insurance Set to be Hiked to Health Insurance

The finance ministry is considering increasing the Foreign Direct Investment (FDI) in the insurance sector to 49 percent.

Jun 6, 2014

Rupee Gains in Early Trade by 19 Paise, Sentiments Bullish after ECB Meeting

Rupee gained in early trade on Friday by 19 paise, as it opened at 59.14 per dollar compared to previous day's closing value at 59.33-a-dollar.

Jun 6, 2014

Indian Shares Start on High Note, Metal Stocks on a Roll

The Indian Shares on Friday started on a high note after surging on Thursday. Additionally, European bankers have also helped the shares get a good start by introducing the sub-zero interest rates and other anti-deflation methods.

Jun 6, 2014

BSE closes points 213.68 up on June 5

New Delhi, June 5 (ANI): Trading at the Bombay Stock Exchange today closed 213.68 points up to stand at 25,019.51. At the National Stock Exchange the Nifty closed 71.85 points up to stand at 7,474.10. Havells India and BPCL were among the top gainers of Group A with an increase of 11.11% and 6.95% along with SAIL and Godrej Consumer Products Ltd. with an increase of 6.78% and 6.72% respectively, while the top losers of Group A include Max India and UCO Bank with a decrease of 6.30% and 2.16 % along with Motherson Sumi and Gujarat Mineral Development Corporation Ltd. with a decrease of 2.15% and 1.70% at the close of the markets. The Auto sector is up 114.69 points at 14,956.43 while the banking sector is down 69.04 points at 17,500.64 and the realty sector is up 13.83 points at 2,026.36. The Indian currency is down 0.07% at Rs 59.29 per dollar.

Jun 5, 2014

Indian Shares Open Flat, Insurance Stocks Surge on Hopes of Hike in FDI Limit

Indian shares opened flat on Thursday, due to weak Asian rivals. Investors are also looking forward to some security before the new government presents its budget early or mid July. The BSE sensex took off at 24,794.61 points at 9.00 am and recorded a peak of 24,862.78 points.

Jun 5, 2014

KKR's headquarters in the Solow Building at 9 West 57th Street in New York City

Go Daddy Parent Firm to Buy Internet Brands for $1.1 Billion

US-based private investment firm Kohlberg Kravis Roberts (KKR) that owns Godaddy website, said it would buy Canada-based firm, Internet brands Inc. for $1.1 billion.

Jun 4, 2014