Business news

indias-trade-gap-comes-down-sharply-bright-spot-for-economy

India's trade gap comes down sharply, bright spot for economy

New Delhi, Oct 09 (ANI): India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's gaping current account deficit, which sent the rupee to record lows in recent months. India's trade deficit narrowed to $6.7 billion last month, compared with $10.9 billion in August and the lowest since March 2011, the trade ministry said. Oct 9, 2013
bse-closes-points-275-53-up-on-october-9

BSE closes points 275.53 up on October 9

New Delhi, October 9 (ANI): Trading at the Bombay Stock Exchange today closed 275.53 points up to stand at 20259.14. At the National Stock Exchange the Nifty closed 85.55 points up to stand at 6013.95. Indiabulls Real Estate and Unitech were among the top gainers of Group A with an increase of 8.25% and 7.46% along with DLF Ltd. and L&T Finance Holdings with an increase of 6.99% and 5.79% respectively, while the top losers of Group A include Jubilant Food works Ltd and Jet Airways with a decrease of 3.75% and 3.28% along with Financial Technologies and Apollo Tyres with a decrease of 2.86% and 2.83% at the close of the markets. The Auto sector is up 75.50 points at 11,532.44 while the banking sector is up 235.50 points at 11,788.35 and the realty sector is up 52.51 points at 1,314.05. The Indian currency is down 0.09% at Rs 61.85 per dollar. Oct 9, 2013
national-level-politics-a-dream-for-nitish-alleges-bjp

National level politics a dream for Nitish, alleges BJP

New Delhi, Oct 09 (ANI): The Bharatiya Janata Party (BJP) on Wednesday alleged that Bihar Chief Minister Nitish Kumar's attempt to position himself at the national level is going to remain a dream for him. BJP Vice-President Rajiv Pratap Rudy, who was commenting on Nitish Kumar's crusade for Bihar's special status, said the latter has been talking about it for the six months. Oct 9, 2013
bse-closes-points-57-88-up-on-october-8

BSE closes points 57.88 up on October 8

New Delhi, October 8 (ANI): Trading at the Bombay Stock Exchange today closed 57.88 points up to stand at 19952.98. At the National Stock Exchange the Nifty closed 11.80 points up to stand at 5,917.95.McLeod Russel and Torrent Power were among the top gainers of Group A with an increase of 6.43% and 5.71% along with Idea Cellular and Wockhardt with an increase of 5.22% and 5.00% respectively, while the top losers of Group A include Jet Air India and Godrej Consumer Products Ltd. with a decrease of 4.32% and 3.77% along with Shree Cement and TV18 Broadcast with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 6.04 points at 11,450.71 while the banking sector is up 52.53 points at 11,528.32 and the realty sector is up 16.73 points at 1,258.74. The Indian currency is down 0.11% at Rs 61.86 per dollar. Oct 8, 2013
no-indian-posts-were-occupied-these-were-speculations-indian-army-on-infiltration-bid

No Indian posts were occupied, these were speculations: Indian Army on infiltration bid

New Delhi, Oct 08 (ANI): The Indian Army on Tuesday dismissed the reports of any posts occupied by the infiltrators in Kashmir and said that these were just speculations and nothing else. Between 30 to 40 militants and Pakistan Special Forces' troops had infiltrated into Keran sector in Kupwara district and the encounter in Shalbhatti village had started on September 24. Oct 8, 2013
bse-closes-points-0-73-down-on-october-7

BSE closes points 0.73 down on October 7

New Delhi, October 7 (ANI): Trading at the Bombay Stock Exchange today closed 0.73 points down to stand at 19915.22. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 5,909.25. L and T Finance Holdings and Financial Technologies were among the top gainers of Group A with an increase of 8.45% and 5.50% along with Ranbaxy Lab and Sun TV Network with an increase of 5.30% and 5.28% respectively, while the top losers of Group A include Jet Air India and Shriram City University with a decrease of 3.65% and 3.13% along with Coal India and CESC Ltd. with a decrease of 3.13% and 2.62% at the close of the markets. The Auto sector is down 27.71 points at 11,439.04 while the banking sector is down 130.95 points at 11,480.05 and the realty sector is down 4.64 points at 1,241.31. The Indian currency is down 0.81% at Rs 61.93 per dollar. Oct 7, 2013
indian-fabric-sales-to-double-in-next-three-years-says-exports-council

Indian fabric sales to double in next three years says Exports Council

Coimbatore, Oct 05 (ANI): Indian fabrics sales to double in the next three years as the Bangladesh fabric industry was hit after a fire broke out in an apparel industrial complex killing 377 knitwear workers earlier in April this year. The Indian government is also taking all effective steps to make sure there is a surge in the textile exports by implementing different schemes and benefits for the workers working in the garment industry. The reasons for buyers to get attracted towards India are raw material strength and due to the rupee depreciation India has now been identified as a new market by both Japan and Australia. Oct 5, 2013
international-commercial-vehicle-fair-commences-in-chennai

International Commercial Vehicle Fair commences in Chennai

Chennai, Oct 05 (ANI): A three-day International Commercial Vehicle Fair commenced in Chennai in order to create an ideal platform for the vehicle industry to experience and discover the new technologies and share the products that have been produced for the development of the economic sector of the country. Experts in Chennai blamed the unstable economy for the breakdown of Auto Industry, which is currently facing a reverse gear due to slow down. J Shanmugavel, Project Director referred the transport industry to be the mirror of the failing economy. The fair is conducted in India exclusively for the commercial vehicle segment and is supported by seven major associations witnessing a participation of more than four thousand professionals. Oct 5, 2013
kolkata-hosts-week-long-seven-sisters-weave-fair

Kolkata hosts week long Seven Sisters Weave Fair

Kolkata, Oct 05 (ANI): The week-long handicraft fair was held in Kolkata and it attracted participants from the northeastern states. Soni, an exhibitor from Nagaland, showcased a variety of products like bags, cushion covers, fabrics and Naga shawls. She was thrilled by the response of the people. Oct 5, 2013
bse-closes-points-22-25-up-on-october-4

BSE closes points 22.25 up on October 4

New Delhi, October 4 (ANI): Trading at the Bombay Stock Exchange today closed 22.25 points up to stand at 19924.32. At the National Stock Exchange the Nifty closed 2.40 points down to stand at 5,907.30. Sobha Developers Ltd and Prestige Estates were among the top gainers of Group A with an increase of 8.60% and 6.09% along with Motherson Sumi Systems and Muthoot Finance with an increase of 5.96% and 4.95% respectively, while the top losers of Group A include Wockhardt and Dish TV India with a decrease of 4.99% and 3.01% along with Reliance Communications Ltd and Dr Reddys Lab with a decrease of 2.84% and 2.81% at the close of the markets. The Auto sector is up 117.42 points at 11,476.98 while the banking sector is down 21.83 points at 11,618.68 and the realty sector is up 22.87 points at 1,248.61. The Indian currency is up 0.48% at Rs 61.44 per dollar. Oct 4, 2013
former-army-gen-suspects-involvement-of-pakistan-special-forces-in-kashmir-incursion

Former Army Gen suspects involvement of Pakistan Special Forces in Kashmir incursion

Kupwara/ New Delhi, Oct 03 (ANI): Former Army General, GD Bakshi, said on Thursday that the ongoing infiltration by Pakistan into India's Kashmir could not have continued even after being foiled without the support of Pakistan Special Forces while calling the Indo-Pak talks a strategy of Islamabad to divert New Delhi's attention. Bakshi said that the huge scale on which the infiltration was carried out, hinted on bigger motives than just seizure of Indian posts. Oct 3, 2013
bse-closes-points-381-14-up-on-october-3

BSE closes points 381.14 up on October 3

New Delhi, October 3 (ANI): Trading at the Bombay Stock Exchange today closed 381.14 points up to stand at 19898.29. At the National Stock Exchange the Nifty closed 128.40 points up to stand at 5,980.45Financial Technologies and ING Vysya Bank were among the top gainers of Group A with an increase of 11.09% and 7.35% along with Sesa Goa and SAIL with an increase of 7.10% and 7.09% respectively, while the top losers of Group A include Wockhardt and Bosch with a decrease of 5.00% and 2.16% along with Hindustan Unilever and Amara Raja with a decrease of 1.91% and 1.89% at the close of the markets. The Auto sector is up 294.97 points at 11,390.78 while the banking sector is up 380.58 points at 11,637.63 and the realty sector is up 22.52 points at 1,224.82.The Indian currency is up 0.96% at Rs 61.86 per dollar. Oct 3, 2013
bse-closes-points-148-12-up-on-october-1

BSE closes points 148.12 up on October 1

New Delhi, October 1 (ANI): Trading at the Bombay Stock Exchange today closed 148.12 points up to stand at 19527.89. At the National Stock Exchange the Nifty closed 44.75 points up to stand at 5,780.05. Jain Irrigation and Amara Raja were among the top gainers of Group A with an increase of 7.66% and 7.33% along with Tata Communications and DLF Ltd. with an increase of 6.82% and 6.58% respectively, while the top losers of Group A include Wockhardt and Tata Power with a decrease of 5.00% and 3.82% along with Castrol India and Container Corp with a decrease of 3.40% and 3.13% at the close of the markets. The Auto sector is up 118.21 points at 11,114.80 while the banking sector is up 292.86 points at 11,257.05 and the realty sector is up 31.02 points at 1,201.35. The Indian currency is up 0.35% at Rs 62.38 per dollar. Oct 1, 2013
consumers-hail-petrol-price-cut

Consumers hail petrol price cut

Consumers on Tuesday welcomed the cut announced in petrol prices by the Indian Oil Corporation Limited (IOC), the first reduction in rates in over five months but anticipate further hike in fuel prices in the coming days. IOC, the country's biggest refiner, said on Monday (September 30) it would cut petrol prices by 4.8 percent following an appreciation of the rupee and softening global in gasoline prices during the second half of September. IOC however raised diesel prices by 1.1 percent to reduce its revenue losses as Indian refiners sell the fuel at state-set low prices. The consumers lauded the reduction in the petrol price but expressed their fear of a hike in future, while accusing the government of whimsical fuel pricing. Oct 1, 2013
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