Business news

a-worker-spreads-sugar-inside-a-sugar-factory-at-sanyan-village-in-gujarat-april-23-2012

Sugar Stocks Surge after 25% Raise in Import Duty

Indian government raised the import duty on sugar to 25 percent from 15 percent to help regional mills struggling with lower prices and higher stocks.

Aug 22, 2014

RBI Report 2013-14: Highlights and Growth Outlook

The Reserve Bank of India on Thursday released its annual report of 2013-14.

Aug 22, 2014

SpiceJet Pips Jet Airways to Take Second Position, Becomes Only Airline to Report Profit in July

Low fare airline SpiceJet has crossed Jet Airways in market share figures in July, to become the second largest domestic airline in the country, with only IndiGo ahead of them.

Aug 21, 2014

Indian Companies Come out in Support of Modi's 'buy India' Pledge

Analysts expect that India, which is currently the largest arms importer, will spend $250 billion in the next decade.

Aug 21, 2014

Eros International Acquires TV Rights from Zee Media, Share Value Surges 8.83%

Shares of Eros International Media rose to its highest since November 2011, after it acquired 10 worldwide shows from Zee TV.

Aug 20, 2014

Ex-CEO Steve Ballmer Resigns from Microsoft to Focus on NBA's Clippers

Steve Ballmer resigned from the board on Tuesday as he aims to dedicate more time to the newly acquired LA Clippers

Aug 20, 2014

Banks Examine Administration of Bhushan Steel with Help from Engineering Firms

Creditors of Bhushan Steel Limited are set to audit and investigate the steel maker's administration with the help of engineering and auditing firms.

Aug 20, 2014

Textile Firm Arvind Enters into E-Commerce with Clothing Brand Creyate [VIDEO]

Creyate is an online platform by Arvind, which allows online subscribers to customise the design, fabric, buttons and structure of clothes before ordering online.

Aug 20, 2014

A man walks outside the factory of United Breweries Ltd (UB) that manufactures Kingfisher beer in Thiruvalluar district of the southern Indian state of Tamil Nadu

Vijay Mallya May Lose Company Board Place if Declared 'Wilful Defaulter'

United Breweries Limited (UBL) group owner Vijay Mallya may have to quit the boards of India's largest alcoholic beverage companies, if he is declared a 'wilful defaulter' by multiple banks

Aug 18, 2014

Hotel Plaza owned by Sahara Chief in New York

Sultan of Brunei Refutes Rumours of Bidding for Sahara's New York and London Hotels

The Sultan of Brunei Hassanal Bolkiah, has dismissed a report by The Wall Street Journal, which said that he is bidding for a few hotels in New York and London.

Aug 18, 2014

Gold Demand in India Falls 40%, Metal Gains on Geopolitical Tensions

Persistently soft demand for gold in Asia has stoked worries that buying will fail to pick up in the second half of the year, when it is normally stronger,

Aug 16, 2014

Decline in Rubber Prices Likely to Boost Indian Auto Industry

The recent decline in international prices of natural rubber might boost the Indian automobile industry, experts predict.

Aug 15, 2014

BSE closes points 184.28 up on August 14

New Delhi, August 14 (ANI): Trading at the Bombay Stock Exchange today closed 184.28 points up to stand at 26,103.23. At the National Stock Exchange the Nifty closed 52.15 points up to stand at 7,791.70. JSW Steel and Indiabulls Real Estate were among the top gainers of Group A with an increase of 8.25% and 5.57% along with Unitech and Wockhardt with an increase of 4.71% and 4.60% respectively, while the top losers of Group A include Bhushan Steel and Suzlon Energy with a decrease of 4.97% and 4.62% along with Eicher Motors and Hero Moto Corp with a decrease of 3.75% and 2.65% at the close of the markets. The Auto sector is up 2.65 points at 16,348.06 while the banking sector is up 184.23 points at 17,251.19 and the reality sector is up 31.03 points at 1,808.78. The Indian currency is up 0.56% at Rs 60.87 per dollar.

Aug 14, 2014

Government to Raise ₹40,000 Cr via PSU Stake Sales in 2 Months

The government is looking to raise around Rs 40,000 crore in the next two months to meet its FY15 disinvestment target of Rs 58,425 crore,

Aug 13, 2014

BSE closes points 38.18 up on August 13

New Delhi, August 13 (ANI): Trading at the Bombay Stock Exchange today closed 38.18 points up to stand at 25,918.95. At the National Stock Exchange the Nifty closed 12.50 points up to stand at 7,739.55. Eicher Motors and Nestle India were among the top gainers of Group A with an increase of 10.66% and 5.31% along with Apollo Hospitals Enterprise Ltd. and Coromandel International Ltd. with an increase of 4.70% and 3.66% respectively, while the top losers of Group A include Unitech and Engineers India with a decrease of 17.14% and 13.89% along with Jaiprakash Associates Ltd. and Indiabulls Real Estate Ltd. with a decrease of 9.16% and 8.48% at the close of the markets. The Auto sector is up 13.30 points at 16,255.99 while the banking sector is down 170.67 points at 17,066.96 and the reality sector is down 97.99 points at 1,777.75. The Indian currency is up 0.29% at Rs 61.25 per dollar.

Aug 13, 2014