Business news

market-expert-welcomes-step-as-sebi-bars-260-entities-for-money-laundering-tax-evasion

Market Expert welcomes step as SEBI bars 260 entities for money laundering & tax evasion

New Delhi, Dec 20 (ANI): Market Expert Sunil Shah on Saturday welcomed the step as The Securities and Exchange Board of India (SEBI) banned 260 entities, including two companies, their promoters, brokers and a clutch of investors, from accessing the securities markets. The SEBI has accused them of misusing the stock exchanges to generate long-term capital gains of around Rs 485 crore, thus converting unaccounted cash into legitimate money. While SEBI would further probe these cases, it has also decided to refer the matter to the Income Tax Department, Enforcement Directorate, Financial Intelligence Unit, among other agencies, for necessary actions on their part. Shah said that this will make Indian market more transparent and trust worthy. Dec 20, 2014
bse-closes-points-245-27-up-on-dec-19

BSE closes points 245.27 up on Dec 19

New Delhi, Dec 19 (ANI): Trading at the Bombay Stock Exchange today closed 245.27 points up to stand at 27,371.84. At the National Stock Exchange the Nifty closed 65.90 points up to stand at 8,225.20. NCC and GUJARAT GAS CO.LTD.were among the top gainers of Group A with an increase of 10.60% and 10.54% along with JSW ENERGY and ATUL with an increase of 9.55% and 8.62% respectively, while the top losers of Group A include Vakrangee Ltd. and IIFL with a decrease 19.14% and 8.45% along with POLARIS and TORNT POWER with a decrease of 6.77% and 6.70% at the close of the markets. The Auto sector is down 23.33 points at 18,366.56 while the banking sector is down 159.61 points at 21,146.99 and the reality sector is down 11.86 points at 1,498.95. The Indian currency is down 0.11% at Rs 63.18 per dollar. Dec 19, 2014
bse-closes-points-416-44-up-on-dec-18

BSE closes points 416.44 up on Dec 18

New Delhi, Dec 18 (ANI): Trading at the Bombay Stock Exchange today closed 416.44 points up to stand at 27,126.57. At the National Stock Exchange the Nifty closed 129.50 points up to stand at 8,159.30. POLARIS and DCB BANK were among the top gainers of Group A with an increase of 15.87 % and 15.27% along with TORNT POWER and PAGE INDUSTRIES LTD. with an increase of 12.11% and 11.12% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease 9.09% and 4.52% along with HATHWAY and GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. with a decrease of 3.81% and 3.55% at the close of the markets. The Auto sector is up 398.67 points at 18,416.80 while the banking sector is up 509.33 points at 20,987.38 and the reality sector is up 36.40 points at 1,510.81.The Indian currency is up 0.17% at Rs 63.17 per dollar. Dec 18, 2014
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