Business news

Nifty Hits all Time High Ahead of Budget, Sensex Opens Higher with Surge in IT Stocks

At 10:30 am on Monday BSE Sensex and NSE Nifty surged by 0.44 percent and 0.25 respectively ahead of budget.

Jul 7, 2014

Budget Session Live: Before Railway Budget, Jaitley Blames Congress For Poor Condition of Railways, Defends Rail Fare Hike

Timely updates from the first day of the Budget Session (Live Updates)

Jul 7, 2014

BSE closes points 138.31 up on July 4

New Delhi, July 04 (ANI): Trading at the Bombay Stock Exchange today closed 138.31 points up to stand at 25,962.06. At the National Stock Exchange the Nifty closed 36.80 points up to stand at 7,751.60. Prestige Estates and Bajaj Finance Limited were among the top gainers of Group A with an increase of 9.04% and 7.04% along with CESC and Videocon Industries Ltd. with an increase of 5.47% and 5.05% respectively, while the top losers of Group A include Bajaj Holdings and ACC with a decrease of 3.29% and 2.67% along with Wockhardt and ABB India Ltd. with a decrease of 2.59% and 2.43% at the close of the markets. The Auto sector is up 9.06 points at 16,102.35 while the banking sector is up 122.71 points at 17,817.95 and the realty sector is up 19.13 points at 2,095.03. The Indian currency is up 0.01% at Rs 59.73 per dollar.

Jul 4, 2014

BSE Breaches 25.8k Mark; Metals, Goods, Auto and Power Stocks Fall

India's Sensex on Friday gained 0.14 percent while the Nifty rose up 0.13 percent ahead of budget on July 10. BSE Metal, Capital Goods, Auto and Power dipped by 135 points, 124 points, 13.22 points and 5.03 points respectively at 2:50 pm.

Jul 4, 2014

Modi Wants Indian Railways to be Better Than Airports, Calls for Private Sector Role

This comes as an indication of the Modi government's willingness to increase private investment in the Railways just a few days ahead of the presentation of the Railway Budget.

Jul 4, 2014

Creating Dynamic Financial Ecosystems for the Poor

Many topics will be discussed at the forthcoming Asia Microfinance Forum 2014 (AMF), to be held in Shanghai, China from 5-7 August, 2014.

Jul 4, 2014

India Sixth Largest Market of Coca-Cola, Targets to be Top 5 by 2020

Coca-Cola India has moved from its 19th position globally in 2006 to sixth position by volume sales at present.

Jul 4, 2014

Rupee Gains 0.1% in Early Hours but Falls to Thursday's Closing Later

The Indian currency gained 9 paise during early trade at 59.64 per dollar, but it regained its Thursday's closing price of around 59.73 a dollar at 10:30 am on Friday.

Jul 4, 2014

'India is Facebook's Second Largest Market' Says COO Sheryl Sandberg

While the social networking giant has been dogged by numerous privacy concerns, Facebook believes that it has always prioritized the privacy of users.

Jul 4, 2014

Rupee Weakens, Shares Fall after Touching Record High amid BSE Network Outage

The Indian markets settled lower on Thursday after opening on a record high.

Jul 3, 2014

BSE CEO on Bombay Stock Exchange halting trading due to network outage

Mumbai, July 3 (ANI): Bombay Stock Exchange (BSE) halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage. Speaking on the cause of the outage, its CEO and MD, Ashish Kumar Chauhan said that its technology partners are in the process of analyzing the root cause of the glitch.

Jul 3, 2014

Union Budget 2014: Know Your Facts

The newly elected Narendra Modi government is set to present its first Budget on 10 July, three days after the Budget session begins in Parliament.

Jul 3, 2014

Sensex Surges, Nifty Declines as BSE Resumes Trading after Halt

While the index was recorded 25844.83 points at 1:07 pm, which surged by 3.62 points and 0.01 percent after resumption, it plunged by 3.30 points at 25837.91 points at 1:10 pm. Nifty too fell by 7.20 points at 7717.95 points.

Jul 3, 2014

Bombay Stock Exchange halts trading due to network outage

Mumbai, July 3 (ANI): Bombay Stock Exchange (BSE) halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage. Reportedly, all orders placed before the network outage would be cancelled. The exchange operator network service vendor HCL Technologies Ltd was working to resolve the issue. Stock Market Expert, Sunil Shah, said that the authorities are addressing the problem and have assured that trading will start soon.

Jul 3, 2014

BSE closes points 324.86 up on July 2

New Delhi, July 02 (ANI): Trading at the Bombay Stock Exchange today closed 324.86 points up to stand at 25,841.21. At the National Stock Exchange the Nifty closed 90.45 points up to stand at 7,725.15. Adani Ports and Castrol India were among the top gainers of Group A with an increase of 10.65% and 9.18% along with TTK Prestige and MCX with an increase of 8.59% and 7.85% respectively, while the top losers of Group A include Gujarat State Petronet Ltd. and GMR Infra with a decrease of 3.83% and 2.90% along with Berger Paints and ING Vysya Bank with a decrease of 2.68% and 1.84% at the close of the markets. The Auto sector is up 216.78 points at 15,955.31 while the banking sector is up 185.92 points at 17,744.63 and the realty sector is up 8.20 points at 2,106.77. The Indian currency is up 0.70% at Rs 59.65 per dollar.

Jul 2, 2014