Business news

Twitter User Growth, Shares Surge Following 2014 FIFA World Cup

Microblogging site Twitter Inc. on Tuesday posted strong results across the board on the second quarter.

Jul 30, 2014

BSE closes points 96.19 up on July 30

New Delhi, July 30 (ANI): Trading at the Bombay Stock Exchange today closed 96.19 points up to stand at 26,087.42. At the National Stock Exchange the Nifty closed 42.70 points up to stand at 7,791.40. Ashok Leyland and HDIL were among the top gainers of Group A with an increase of 6.56% and 5.84% along with Indiabulls Real Estate and CESC with an increase of 5.57% and 5.56% respectively, while the top losers of Group A include L&T and Financial Technologies with a decrease of 7.22% and 5.00% along with Pipavav Defence and Havells India with a decrease of 4.05% and 3.60% at the close of the markets. The Auto sector is up 99.54 points at 15,587.74 while the banking sector is up 273.12 points 17,694.51 and the realty sector is up 15.30 points at 1,888.46. The Indian currency is up 0.03% at Rs 60.11 per dollar.

Jul 30, 2014

Online Retailer Amazon to Invest $2 Billion More in India

US-based online retailer Amazon announced plans to invest $2 billion more in India on Wednesday

Jul 30, 2014

Flipkart Raises $1 Billion, Aims to Become E-tailer of Future

Flipkart on Tuesday announced funding worth $1 billion with a goal to become the mobile e-tailer of the future.

Jul 30, 2014

ITC Stocks Surge on Demand for Cigarettes, Consumer Goods

ITC Ltd, the largest cigarette maker in India, announced on Tuesday that it has recorded a net profit of 16 percent and over 25 percent rise in the first quarter sales, which ended on 30 June.

Jul 29, 2014

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