Business news

Sensex hits 21,000-mark for first time in nearly 3 years

New Delhi, Oct 24 (ANI): The BSE sensex on Thursday crossed the 21,000-mark for first time since November 2010 because of foreign fund inflows. The 30-share BSE Sensex is now just around 100 points away from a record high of 21,108.64 points it reached on 5 November 2010. The broader Nifty gained more than 1 per cent to 6,243.90. The 30-share index, which had lost over 126 points in the previous two sessions, was trading at 21,013.59 at 9.50am with realty, metal and oil and gas sector stocks leading the recovery.

Oct 24, 2013

BSE closes points 97.09 down on October 23

New Delhi, October 23 (ANI): Trading at the Bombay Stock Exchange today closed 97.09 points down to stand at 20,767.88. At the National Stock Exchange the Nifty closed 24.45 points down to stand at 6178.35. Gitanjali Gems and Hindustan Copper were among the top gainers of Group A with an increase of 16.48% and 10.93% along with MMTC Ltd. and Bank of India with an increase of 9.34% and 5.33% respectively, while the top losers of Group A include Wipro and Indiabulls Real Estate with a decrease of 4.41% and 3.99% along with JSW Energy and Jain Irrigation with a decrease of 3.90% and 3.59% at the close of the markets. The Auto sector is down 87.22 points at 11,862.87 while the banking sector is up 69.39 points at 12,419.69 and the realty sector is down 20.30 points at 1,370.01. The Indian currency is down 0.17% at Rs 61.55 per dollar.

Oct 23, 2013

BSE closes points 23.56 down on October 22

New Delhi, October 22 (ANI): Trading at the Bombay Stock Exchange today closed 23.56 points down to stand at 20,870.33. At the National Stock Exchange the Nifty closed 2.15 points down to stand at 6202.80. Suzlon Energy and Essar Oil were among the top gainers of Group A with an increase of 9.92% and 6.81% along with JP Power and JSW Energy with an increase of 6.12% and 5.50% respectively, while the top losers of Group A include Karnataka Bank and MCX with a decrease of 5.21% and 5.00% along with Wockhardt and Dish TV India Ltd. with a decrease of 4.43% and 3.42% at the close of the markets. The Auto sector is down 63.30 points at 11,954.61 while the banking sector is up 15.26 points at 12,342.52 and the realty sector is down 3.15 points at 1,390.21. The Indian currency is down 0.18% at Rs 61.63 per dollar.

Oct 22, 2013

BSE closes points 22.04 down on October 21

New Delhi, October 21 (ANI): Trading at the Bombay Stock Exchange today closed 22.04 points up to stand at 20,904.93. At the National Stock Exchange the Nifty closed 15.60 points up to stand at 6204.95.Adani Enterprises Ltd. and Federal Bank were among the top gainers of Group A with an increase of 12.54% and 10.30% along with Suzlon Energy Ltd. and Asian Paints with an increase of 10.00% and 8.71% respectively, while the top losers of Group A include Jindal Steel and Petronet LNG with a decrease of 3.76% and 2.73% along with ITC and Tata Global with a decrease of 2.58% and 2.56% at the close of the markets. The Auto sector is up 96.73 points at 12,027.09 while the banking sector is up 75.85 points at 12,330.08 and the realty sector is up 41.74 points at 1,395.05. The Indian currency is down 0.28% at Rs 61.44 per dollar.

Oct 21, 2013

Growth bite for pet industry

New Delhi, Oct 21 (ANI): To own a pet especially a dog was once considered to be an elite affair. But today it has become crucial; from a big business tycoon to a celebrity and even a common man, everyone owns a pet. And it’s no surprise that this reason has made the pet food market boom in a very short period of time. According to estimates, the pet industry in India has revenue earning potential of 56.5 million USD, out of which, around 40.3 million USD is contributed only by pet foods. With franchising entering the pet domain, the industry has witnessed unprecedented growth. And this growth has also given the sector new concepts.

Oct 21, 2013

Silk industry on a roll

Jammu, Oct 20 (ANI): Today, the diverse use of silk fabric in clothing, cushions and curtains for home decoration and for wall hangings has led to a rise in its demand. India currently produces 23,000 metric tonnes of silk as against the domestic requirement of 32,000 metric tonnes. But, India is committed to increasing the domestic production of silk, particularly the bivoltine variety, and reduce silk imports from China. Already facing tough Chinese competition, the silk industry is not left behind but has survived because of domestic demand market which is estimated to grow at a compound annual growth rate of 5.2 per cent till 2015-16.

Oct 20, 2013

Booming publishing industry

New Delhi, Oct 19 (ANI): The publishing industry is growing by 30% every year and has over 16,000 publishers, spread over fields of different subjects. Hindi language books constitute the majority with around 25,000 books while about 20,000 books are English, and the rest are in other vernacular languages.

Oct 20, 2013

BSE closes points 448.45 up on October 18

New Delhi, October 18 (ANI): Trading at the Bombay Stock Exchange today closed 448.45 points up to stand at 20,863.96. At the National Stock Exchange the Nifty closed 135.85 points up to stand at 6181.70. Essar Oil and Jain Irrigation were among the top gainers of Group A with an increase of 7.26% and 6.93% along with Gujarat Mineral Development Corporation Ltd. and Indusind Bank with an increase of 6.50% and 6.40% respectively, while the top losers of Group A include Financial Technologies and Motherson Sumi Systems with a decrease of 2.04% and 1.19% along with Max India and TTK Prestige with a decrease of 1.16% and 1.15% at the close of the markets. The Auto sector is up 133.08 points at 11,931.03 while the banking sector is up 461.48 points at 12,252.66 and the realty sector is up 40.43 points at 1,356.70.The Indian currency is down 0.05% at Rs 61.26 per dollar.

Oct 18, 2013

BSE Sensex surges over 400 points; situation still grim, says Pai

Bangalore, Oct1 8 (ANI): Even as the BSE Sensex rose to its highest since November 2010 on Friday, rallying over 400 points in pre-noon trade, Former Infosys Chairman, Mohandas Pai said the economic situation was still grim.

Oct 18, 2013

Samsung Crowned as India's Most Attractive Brand 2013

After reigning the smartphone market in India, Samsung Mobiles was named the country's 'most attractive brand' of 2013, in a research-based report by Trust Research Advisory (TRA).

Oct 17, 2013

BSE closes points 132.11 down on October 17

New Delhi, October 17 (ANI): Trading at the Bombay Stock Exchange today closed 132.11 points down to stand at 20,415.51. At the National Stock Exchange the Nifty closed 43.20 points down to stand at 6045.85.Jaiprakash Associates and MCX were among the top gainers of Group A with an increase of 7.19% and 5.00% along with Future Retail and United Phosphorus with an increase of 4.66% and 4.46% respectively, while the top losers of Group A include HCL and TCS with a decrease of 6.66% and 4.98% along with Exide Industries and Indusind Bank with a decrease of 4.74% and 4.49% at the close of the markets. The Auto sector is down 143.56 points at 11,797.95 while the banking sector is down 48.56 points at 11,791.18 and the realty sector is down 11.95 points at 1,316.27. The Indian currency is down 0.45% at Rs 61.38 per dollar.

Oct 17, 2013

Boss's special movie date with his fans!

Mumbai, Oct 16 (ANI): B-Towns very own Khiladi Kumar surely knows how to keep his fans happy. And continuing with his pleasing gestures Akshay hosted a special screening of his latest release 'Boss' at a suburban theatre in Mumbai a day before the release of the film. On the occasion Akshay sang and danced with his fans that were there from all over the country to support him. He even expressed his gratitude for the unconditional love given to him by his fans. Directed by Anthony D'Souza, Boss is out in theaters near you to watch it.

Oct 16, 2013

BSE closes points 89.58 down on October 15

New Delhi, October 15 (ANI): Trading at the Bombay Stock Exchange today closed 89.58 points down to stand at 20,517.96. At the National Stock Exchange the Nifty closed 23.65 points down to stand at 6089.05. MCX and Jaiprakash Associates Ltd. were among the top gainers of Group A with an increase of 4.99% and 4.65% along with Nestle India and JP POWER with an increase of 3.92% and 3.38% respectively, while the top losers of Group A include Bank of India and Canara Bank with a decrease of 7.27% and 6.60% along with Karnataka Bank and Union Bank with a decrease of 6.34% and 5.89% at the close of the markets. The Auto sector is down 71.01 points at 11,942.44 while the banking sector is down 355.92 points at 11,798.43 and the realty sector is down 24.66 points at 1,325.13. The Indian currency is down 0.54% at Rs 61.88 per dollar.

Oct 15, 2013

Amul milk prices hike by Rs 2 in Delhi/NCR

New Delhi, Oct 15 (ANI): Gujarat Co-operative Milk Marketing Federation (GCMMF) that owns and markets dairy brand AMUL has announced price revision of Rs 2 per litre in pouched milk in New Delhi and NCR markets from Tuesday. The rise came in less than six months after its last hike. GCMMF will revise prices pan-India in a fortnight. Following the price rise, Amul Gold (full cream) milk will cost Rs 44 a litre, compared to the current price of Rs 42, while Amul Taza (toned milk) will cost Rs 34 a litre, up from the current Rs 32. The new price of Amul Slim and Trim double toned milk will be Rs 30 a litre, compared to the existing price of Rs 28.

Oct 15, 2013

BSE closes points 95.17 up on October 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 95.17 points up to stand at 20,623.76. At the National Stock Exchange the Nifty closed 16.50 points up to stand at 6112.70. Karnataka Bank and South Indian Bank were among the top gainers of Group A with an increase of 16.22% and 10.10% along with Mangalore Refinery And Petrochemicals Ltd. and Syndicate Bank with an increase of 7.42% and 6.39% respectively, while the top losers of Group A include Wockhardt and Hindalco Industries with a decrease of 4.99% and 3.24% along with Asian Paints and Power Finance with a decrease of 2.85% and 2.81% at the close of the markets. The Auto sector is up 69.11 points at 12,028.57 while the banking sector is up 71.09 points at 12,158.62 and the realty sector is down 3.45 points at 1,351.02. The Indian currency is down 0.25% at Rs 61.23 per dollar.

Oct 14, 2013