Business news

a-trader-works-at-a-stock-brokerage-in-ahmedabad-november-26-2010

Indian Shares Fall to One-Week Closing Low

Indian stocks fell to a one-week closing low as profit taking of a few companies affected the sentiments of investors on Tuesday.

Jul 29, 2014

Panasonic to Invest Over $200 million for Tesla's Battery Plant in US

Panasonic Corp will initially invest around 20 billion to 30 billion Yen ($200-300 million) in Tesla Motors for producing lithium-ion battery used in electric vehicles.

Jul 29, 2014

Gold for Bitcoin? Global Chase for Virtual Currency Takes Roots in India Too

'Gold for Bitcoin' is emerging as a new trend in the world of online transactions.

Jul 28, 2014

BHEL to Set up 10MW Solar Power Plant in Mandya

Bharat Heavy Electricals Limited (BHEL) has informed BSE on Monday about its plan to set up a 10MW solar power plant in Shivanasamudram, Belakavadi village in Mandya district of Karnataka.

Jul 28, 2014

BSE closes points 135.52 down on July 28

New Delhi, July 28 (ANI): Trading at the Bombay Stock Exchange today closed 135.52 points down to stand at 25,991.23. At the National Stock Exchange the Nifty closed 41.75 points down to stand at 7,748.70. Central Bank and Reliance Power were among the top gainers of Group A with an increase of 7.02% and 3.80% along with Hindustan Unilever and Glenmark Pharma with an increase of 3.62% and 3.38% respectively, while the top losers of Group A include Wockhardt and DLF with a decrease of 8.06% and 5.20% along with IRB Infra and CESC with a decrease of 5.11% and 4.60% at the close of the markets. The Auto sector is down 121.36 points at 15,488.20 while the banking sector is down 121.60 points 17,421.39 and the realty sector is down 51.84 points at 1,873.16. The Indian currency is up 0.03% at Rs 60.12 per dollar.

Jul 28, 2014

a-broker-looks-at-a-computer-screen-as-he-talks-on-a-phone-at-a-stock-brokerage-firm-in-mumbai-december-3-2012

Indian Shares Trade Lower; Tata Motors, Cairn India, L&T Gain

While, sensex and Nifty dipped 0.23 percent and 0.17 percent at 10.30 am, recent losers gained during early trade on Monday.

Jul 28, 2014

Gujarat Government Favoured Reliance and Adani, Reveal CAG Reports

The Comptroller and Auditor General has slammed Gujarat government for mismanagement of the state's financial resources for the financial year ended 31 March 2013.

Jul 26, 2014

BJP-led Government Promises Low and Stable Tax

The BJP-led government on Friday promised to bring stability and simplification in tax administration with an aim to win back investors' confidence and stimulate economic growth.

Jul 26, 2014

Biocon reports marginal revenue for first quarter of current fiscal

Bangalore, July 26 (ANI): Biotechnology major, Biocon Ltd, reported revenue of nearly 3.5 percent and a net profit of only 10 percent for the fiscal 2014-2015. Chairperson of Biocon Ltd, Kiran Mazumdar Shaw, while addressing a news conference in Bangalore said the biopharma sales were slow this quarter as compared to the previous quarters. Shaw said ongoing crisis in Middle East might have been a major reason for reduction in revenues for the biopharma and said they are looking at other global markets to compensate for the same.

Jul 26, 2014

a-woman-counts-u-s-dollars-at-a-money-changer

Cabinet Clears 49% FDI in Insurance

The union cabinet on Thursday cleared FDI cap hike in insurance from 26 percent to 49 percent, to ease FDI limit in the domestic insurance sector.

Jul 25, 2014

Sensex, Nifty Fall on Profit Taking

Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips, such as ICICI bank, whereas IT stocks declined after Wipro's US Dollar revenue growth lagged rivals.

Jul 25, 2014

BSE closes points 145.10 down on July 25

New Delhi, July 25 (ANI): Trading at the Bombay Stock Exchange today closed 145.10 points down to stand at 26,126.75. At the National Stock Exchange the Nifty closed 40.15 points down to stand at 7,790.45. Wockhardt and Glenmark Pharma were among the top gainers of Group A with an increase of 9.92% and 6.60% along with Sun Pharma and Ranbaxy Lab with an increase of 4.45% and 4.20% respectively, while the top losers of Group A include JPINFRATEC and Biocon with a decrease of 7.50% and 7.12% along with Century Tex and UCO Bank with a decrease of 6.90% and 6.44% at the close of the markets. The Auto sector is down 198.27 points at 15,609.56 while the banking sector is down 239.37 points 17,542.99 and the realty sector is down 52.97 points at 1,925.00. The Indian currency is up 0.03% at Rs 60.10 per dollar.

Jul 25, 2014

Sensex, Nifty Dip on Profit Booking and Lower Asian Shares

The Indian stock market traded lower due to profit booking, plunged Asian stocks, decline in crude oil prices and also announcement due of Foreign exchange and Bank Credit data on Friday.

Jul 25, 2014

Drugmaker Ipca Halts Exports to US from Ratlam Plant after FDA Finds Guidelines Violation

Ipca Laboratories informed on Thursday that it has stopped exports to USA from its Ratlam drug manufacturing plant, after the United States Food and Drug Administration (FDA) expressed concerns.

Jul 24, 2014

BSE closes points 124.52 up on July 24

New Delhi, July 24 (ANI): Trading at the Bombay Stock Exchange today closed 124.52 points up to stand at 26,271.85. At the National Stock Exchange the Nifty closed 34.85 points up to stand at 7,830.60. Financial Tech and Uco Bank were among the top gainers of Group A with an increase of 10.00% and 5.83% along with Bank of India and Reliance Capital Ltd. with an increase of 4.27% and 4.05% respectively, while the top losers of Group A include IPCA Lab and JPPOWER with a decrease of 13.06% and 7.02% along with Cairn India and Jaiprakash Associates Ltd. with a decrease of 6.67% and 6.06% at the close of the markets. The Auto sector is up 3.67 points at 15,807.83 while the banking sector is up 77.29 points at 17,782.36 and the realty sector is up 6.28 points at 1,977.97. The Indian currency is 0.01% down at Rs 60.10 per dollar.

Jul 24, 2014