Business news

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Polaris Motorcycles to Ride into India in January 2014

Following the footsteps of British bike maker Triumph, the iconic American two-wheeler manufacturer Polaris group is all set to steer into the sub-continent motorcycle market with its Indian Motorcycles.

Dec 16, 2013

BSE closes points 191.08 down on Dec 13

New Delhi, Dec 13 (ANI): Trading at the Bombay Stock Exchange today closed points 191.08 down to stand at 20,734.53. At the National Stock Exchange the Nifty closed 68.65 points down to stand at 6,168.40. Aurobindo Pharma and IPCA Lab were among the top gainers of Group A with an increase of 4.35% and 2.87% along with Tata Motors and Oberoi Realty with an increase of 2.61% and 1.77% respectively, while the top losers of Group A include Jet Air India and Torrent Power with a decrease of 7.29% and 6.09% along with Wockhardt and Jaiprakash Associates with a decrease of 6.08% and 5.44% at the close of the markets. The Auto sector is down 6.54 points at 12,047.11 while the banking sector is down 314.49 points at 12,953.52 and the realty sector is down 26.70 points at 1,341.86. The Indian currency is down 0.57% at Rs 62.16 per dollar.

Dec 13, 2013

Raghuram Rajan admits to low growth rate & higher inflation

Kolkata, Dec 13 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan said that the growth rate of the economy was weaker but inflation was higher than desired. Rajan on Thursday, said that data showed a sharply higher food prices in the country. Rajan added the RBI would take all data into account and that the RBI was "very uncomfortable" with the current level of inflation. The RBI also warned regulators to be vigilant against ponzi schemes.

Dec 13, 2013

BSE closes points 258.68 down on Dec 12

New Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed points 258.68 down to stand at 20,912.73. At the National Stock Exchange the Nifty closed 70.85 points down to stand at 6,237.05. Coromandel International ltd. and Mcleod Russel India Ltd. were among the top gainers of Group A with an increase of 7.53% and 5.93% along with Tata Power and Pipavav Defence And Offshore Eng Ltd with an increase of 3.84% and 3.20% respectively, while the top losers of Group A include Adani Enterprises Ltd. and Tata Motors Ltd. with a decrease of 5.48% and 4.55% along with Tv18 Broadcast Ltd. and Power Finance Corporation Ltd. with a decrease of 4.13% and 3.48% at the close of the markets. The Auto sector is down 270.57 points at 12,053.65 while the banking sector is down 197.57 points at 13,268.01 and the realty sector is down 8.17 points at 1,364.77.The Indian currency is down 0.72% at Rs 61.69 per dollar.

Dec 12, 2013

More data needed to be confident on economic pick-up: Raghuram Rajan

Kolkata, Dec 12 (ANI): RBI chief, Raghuram Rajan has stated that more economic data is needed to be confident that economic growth is picking up, although he added that the benefits to exports from the rupee's fall is yet to kick in. Rajan stated this while addressing the ‘5th National Conference on Leadership’ in Kolkata. Rajan added that the rupee has stabilised "somewhat", but said there is no room for complacency. He also called on the government to continue its efforts to contain the fiscal deficit and said raising subsidised diesel prices to market levels would help.

Dec 12, 2013

BSE closes points 41.48 down on Dec 11

New Delhi, Dec 11 (ANI): Trading at the Bombay Stock Exchange today closed 41.48 points down to stand at 21,213.78. At the National Stock Exchange the Nifty closed 24.95 points down to stand at 6,307.90. Suzlon Energy and Bharti Infratel were among the top gainers of Group A with an increase of 7.42% and 3.85% along with Dish TV India and MRF with an increase of 3.66% and 3.60% respectively, while the top losers of Group A include Pipavav Defence and JSW ENERGY with a decrease of 4.95% and 4.00% along with MCX and Adani Enterprises Ltd. with a decrease of 3.71% and 3.63% at the close of the markets. The Auto sector is down 132.39 points at 12,322.75 while the banking sector is up 24.49 points at 13,535.12 and the realty sector is down 2.75 points at 1,377.67. The Indian currency is down 0.42% at Rs 61.30 per dollar.

Dec 11, 2013

BSE closes points 71.16 down on Dec 10

New Delhi, Dec 10 (ANI): Trading at the Bombay Stock Exchange today closed points 71.16 down to stand at 21249.80. At the National Stock Exchange the Nifty closed 31.05 points down to stand at 6,322.85. Hindustan Zinc and Oberoi Realty were among the top gainers of Group A with an increase of 7.03% and 5.21% along with Indian Hotels Company Ltd. and MRF Ltd with an increase of 5.05% and 4.54% respectively, while the top losers of Group A include NTPC and Torrent Power Ltd. with a decrease of 11.26% and 4.83% along with Adani Power Ltd. and Jaypee Infratech Ltd. with a decrease of 4.43% and 4.40% at the close of the markets. The Auto sector is down 11.03 points at 12,455.14, while the banking sector is down 244.17 points at 13,510.63 and the realty sector is down 20.76 points at 1,380.42. The Indian currency is down 0.04% at Rs 61.16 per dollar.

Dec 10, 2013

Mukesh Ambani announces Rs. 2,500 crore investment for digital infrastructure

Mohali, Dec 10 (ANI): Business tycoon, Mukesh Ambani has announced an investment of Rs. 2,500 crore for the setting up of digital infrastructure in Punjab. Ambani also announced that Reliance Foundation will partner with Punjab in promoting sports, specially basketball in schools. Ambani said this while attending the Progressive Punjab Summit in Mohali, along with global steel giant, Arcelormittal CEO, Lakshmi Mittal and Chief of Punjab, Prakash Singh Badal. Further addressing the summit, Ambani declared his future plan of connecting to 147 towns. Ambani also talked about creating employment for the people.

Dec 10, 2013

BSE closes points 290.02 up on Dec 9

New Delhi, Dec 9 (ANI): Trading at the Bombay Stock Exchange today closed 290.02 points up to stand at 21,286.55. At the National Stock Exchange the Nifty closed 104.00 points up to stand at 6,363.90. Oriental Bank and DLF were among the top gainers of Group A with an increase of 8.22% and 6.51% along with Bharti Infratel and Exide Industries Ltd. with an increase of 5.47% and 5.40% respectively, while the top losers of Group A include Jindal Steel and Sobha Developers Ltd. with a decrease of 6.01% and 3.17% along with Eicher Motors and Max India with a decrease of 3.11% and 2.79% at the close of the markets. The Auto sector is up 147.70 points at 12,445.11, while the banking sector is up 325.71 points at 13,689.45 and the realty sector is up 35.64 points at 1,401.24. The Indian currency is up 0.61% at Rs 61.04per dollar.

Dec 9, 2013

Sensex up by 360 points, BJP's Assembly poll results responsible: Expert

Mumbai, Dec 09 (ANI): The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high in effect to the BJP, who swiped all 3 Assembly polls and leaving positive expectations in Delhi too, said Market Expert Sunil Shah. Shah said that BJP, symbolized by Narendra Modi represents development and supports investment and progress which has caused such impact on the market trends. He also said that if it continues, NDA will form government in the upcoming general elections.

Dec 9, 2013

BSE closes points 81.87 up on Dec 6

New Delhi, Dec 6 (ANI): Trading at the Bombay Stock Exchange today closed 81.87 points up to stand at 21,039.68. At the National Stock Exchange the Nifty closed 18.80 points up to stand at 6,259.90. Oriental Bank and Tata Power were among the top gainers of Group A with an increase of 8.01% and 6.35% along with Amara Raja and UCO Bank with an increase of 5.00% and 4.92% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services Ltd. and Gujarat State Petronet Ltd. with a decrease of 2.39% and 2.11% along with Future Retail and Godrej Consumer Products Ltd. with a decrease of 2.09% and 1.84% at the close of the markets. The Auto sector is up 50.23 points at 12,292.04, while the banking sector is up 133.56 points at 13,431.82 and the realty sector is up 4.22 points at 1,367.04. The Indian currency is up 0.22% at Rs 61.62 per dollar.

Dec 6, 2013

BSE closes points 240.08 up on Dec 5

New Delhi, Dec 05 (ANI): Trading at the Bombay Stock Exchange today closed 240.08 points up to stand at 20948.79. At the National Stock Exchange the Nifty closed 76.45 points up to stand at 6237.40. IDFC and ICICI Bank were among the top gainers of Group A with an increase of 6.88% and 6.74% along with IRB Infra and Yes Bank with an increase of 6.41% and 6.04% respectively, while the top losers of Group A include Strides Arco and Zee Entertainment Ltd. with a decrease of 14.60% and 3.29% along with Gitanjali Gems and Eicher Motors with a decrease of 3.01% and 2.86% at the close of the markets. The Auto sector is up 45.92 points at 12,242.13, while the banking sector is up 558.75 points at 13,291.51 and the realty sector is up 18.09 at 1,361.01.The Indian currency is up 0.34% at Rs 61.84 per dollar.

Dec 5, 2013

Rupee, Sensex surge as BJP leads in exit polls

Mumbai/: New Delhi/ Jammu, Dec 05 (ANI): The rupee rose to a five-week high against the dollar and stocks jumped around 1.5 percent to near record highs on Thursday as exit polls predicted a strong showing for BJP during recent state polls. Market analysts in commercial capital of Mumbai said that Sensex surged to a record-high as investors foresaw a possible change of government even at the federal level.

Dec 5, 2013

Year-End Offers: Ford India Comes Back With 'Midnight Surprise', Sales on 5 December

American auto maker Ford is all set to make the best year-end sales with its 'Midnight Surprise', which will allow its customers to drive home its cars with assured gifts.

Dec 5, 2013

BSE closes points 125.66 down on Dec 4

New Delhi, Dec 04 (ANI): Trading at the Bombay Stock Exchange today closed 125.66 points down to stand at 20729.26. At the National Stock Exchange the Nifty closed 40.90 points down to stand at 6,160.95. Adani Power and Dish TV India were among the top gainers of Group A with an increase of 6.39% and 3.89% along with JP Power and Tata Power with an increase of 3.12% and 2.87% respectively, while the top losers of Group A include Unitech and Eicher Motors with a decrease of 9.54% and 4.34% along with HDIL and RAMCOCEM with a decrease of 4.20% and 3.91% at the close of the markets. The Auto sector is down 128.42 points at 12,196.72, while the banking sector is down 37.26 points at 12,769.02 and the realty sector is down 36.80 at 1,342.99. The Indian currency is up 0.06% at Rs 62.32 per dollar.

Dec 4, 2013