Business news

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Rangarajan cuts FY14 GDP growth estimate to 5.3 percent

New Delhi, Sep 13 (ANI): India's economy is expected to grow 5.3 percent this fiscal year, sharply lower than an earlier estimate of 6.4 percent but higher than last year, the prime minister's economic advisory panel said on Friday. The revised forecast is roughly in line with projections of the RBI and many private economists, who expect Asia's third-largest economy to grow at around 5 percent, the same level as in 2012-2013. A pick-up in automobile production and exports in August indicated that the manufacturing sector would do better in the second half than the first, said C. Rangarajan, the chairman of the Prime Minister's Economic Advisory Council. The advisory council also said that containing the fiscal deficit within the budgeted target of 4.8 percent of gross domestic product could be a challenge. Sep 13, 2013
bse-closes-points-49-12-down-on-september-13

BSE closes points 49.12 down on September 13

New Delhi, September 13 (ANI): Trading at the Bombay Stock Exchange today closed 49.12 points down to stand at 19,732.76. At the National Stock Exchange the Nifty closed 0.10 points down to stand at 5,850.60. JPPOWER and NHPC were among the top gainers of Group A with an increase of 8.03% and 6.50% along with Gujarat Mineral Development Corporation Ltd. and Oriental Bank with an increase of 6.37% and 6.10% respectively, while the top losers of Group A include Financial Technologies (India) Ltd. and Shriram City Union Finance Ltd. with a decrease of 8.37% and 3.80% along with Pipavav Defence and Wipro with a decrease 3.62% and 3.61% at the close of the markets. The Auto sector is up 92.38 points at 10,942.01 while the banking sector is up 14.91 points at 11,589.03 and the realty sector is up 34.97 points at 1,318.32. The Indian currency is down 0.34% at Rs 63.72 per dollar. Sep 13, 2013
bse-closes-points-211-82-down-on-september-12

BSE closes points 211.82 down on September 12

New Delhi, September 12 (ANI): Trading at the Bombay Stock Exchange today closed 211.82 points down to stand at 19,785.63. At the National Stock Exchange the Nifty closed 62.45 points down to stand at 5,850.70. Financial Technologies (India) Ltd. and TV 18 Broadcast were among the top gainers of Group A with an increase of 18.03% and 15.38% along with Tata Communications Ltd. and MCX with an increase of 6.07% and 4.99% respectively, while the top losers of Group A include Jaiprakash Associates Ltd. and Siemens with a decrease of 11.87% and 8.22% along with Yes Bank and Jaypee Infratech Ltd with a decrease 7.43% and 6.39% at the close of the markets. The Auto sector is down 210.10 points at 10,848.24 while the banking sector is down 213.40 points at 11,579.48 and the realty sector is up 3.96 points at 1,280.39. The Indian currency is down 0.48% at Rs 63.69 per dollar. Sep 12, 2013
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BSE closes points 0.35 up on September 11

New Delhi, September 11 (ANI): Trading at the Bombay Stock Exchange today closed 0.35 points up to stand at 19,997.45. At the National Stock Exchange the Nifty closed 16.40 points up to stand at 5,913.15. Financial Technologies (India) Ltd. and IRB Infrastructure Developers Ltd. were among the top gainers of Group A with an increase of 27.28% and 14.22% along with Bank of India and UCO Bank with an increase of 10.46% and 10.32% respectively, while the top losers of Group A include Power Grid Corp and Bajaj Holdings with a decrease of 3.18% and 2.72% along with Cairn India and Tata Motors with a decrease 2.66% and 2.49% at the close of the markets. The Auto sector is up 10.29 points at 11,049.85 while the banking sector is up 208.45 points at 11,769.38 and the realty sector is up 36.00 points at 1,278.44. The Indian currency is up 0.56% at Rs 63.49 per dollar. Sep 11, 2013
bse-closes-points-707-56-up-on-september-10

BSE closes points 707.56 up on September 10

New Delhi, September 10 (ANI): Trading at the Bombay Stock Exchange today closed 707.56 points up to stand at 19,977.62. At the National Stock Exchange the Nifty closed 216.35 points up to stand at 5,896.75. Wockhardt and ABB LTD were among the top gainers of Group A with an increase of 20.00% and 16.17% along with JPPOWER and Glaxosmithkline Consumer Healthcare Ltd. with an increase of 11.94% and 10.20% respectively, while the top losers of Group A include Indian Oil Corporation Ltd. and MCX with a decrease of 3.97% and 2.81% along with NMDC and IPCA Lab with a decrease 1.88% and 1.87% at the close of the markets. The Auto sector is up 643.31 points at 11,059.63 while the banking sector is up 197.19 points at 11,530.63 and the realty sector is up 28.91 points at 1,240.09. The Indian currency is up 1.38% at Rs 64.34 per dollar. Sep 10, 2013
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Aishwarya Rai Bachchan Sizzles in Off-Shoulder Black Gown [PHOTOS]

Aishwarya Rai Bachchan has become the brand ambassador of realty developer Lodha Group. After endorsing a jewelry group, watch brand and cosmetics company among others, the Bollywood actress and former Miss World will now be the new face of a realty group. Aug 20, 2013

India's Aakash Tablet Pilots Successfully Launched in US

The world's cheapest tablet, Aakash, has just made its pilot entry in the United States with 100 units. The made-in-India gadget began creating a buzz in dozens of countries when it was showcased at a United Nations conference last year. Aug 19, 2013
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