Business news

BSE closes points 431.05 down on September 23

New Delhi, Sept 23 (ANI): Trading at the Bombay Stock Exchange today closed 431.05 points down to stand at 26,775.69. At the National Stock Exchange the Nifty closed 128.75 points down to stand at 8,017.55. GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. and MRPL were among the top gainers of Group A with an increase of 1.74% and 1.59% along with LandT FINANCE HOLDINGS LTD. and HCL TECH with an increase of 1.37% and 1.36% respectively, while the top losers of Group A include UNITECH and SUZLON with a decrease of 10.98% and 9.78% along with NATIONALUM and DLF with a decrease of 7.13% and 6.69% at the close of the markets. The Auto sector is down 352.72 points at 17,939.34 while the banking sector is down 321.57 points at 18,210.63 and the reality sector is down 86.45 points at 1,673.48. The Indian currency is up 0.21% at Rs 60.94 per dollar.

Sep 23, 2014

Who are India's Lowest Paid Executives?

Of the 20 lowest paid CEOs, about 25% of them were from banks and financial institutions.

Sep 23, 2014

Infosys' CEO Sikka speaks during a news conference at company's headquarters in Bangalore

Sikka's Arrival Brings Infosys Execs into ₹6-Crore Salary Group

HR executive of Infosys expects that the company would hike the salary of top 300 executives.

Sep 23, 2014

Jet Airways Announces New Offer for Bengaluru Flyers; Fares Start from ₹908

Jet Airways on Tuesday announced special fare offers on economy tickets for travel to and from Bangalore on or after 15 January, 2015.

Sep 23, 2014

CBI 'Examines' Nalini Chidambaram over ₹1 Cr Fee Paid by Saradha Group

The Central Bureau of Investigation questioned senior advocate Nalini Chidambaram, the wife of former Union finance minister P Chidambaram, in Chennai on Saturday in relation to the Saradha Ponzi scheme.

Sep 22, 2014

Govt Launches Updated Income Tax Website: File Returns, Apply for PAN Card from One Window

Finance Minister Arun Jaitley launched an updated version of the current website of the Income Tax department

Sep 22, 2014

Alibaba's Blockbuster Debut Creates History, Shares Surge 38% on Massive Demand

IPO of this Chinese e-commerce firm is likely to rank as the largest in the history

Sep 20, 2014

Fortune Top 30 Most Powerful Businesswomen in 2014

IBM CEO Ginni Rometty, 57, has topped the Fortune list of world's most powerful businesswomen in 2014

Sep 20, 2014

PepsiCo CEO Indra Nooyi is 3rd Most Powerful Businesswoman

Nooyi dropped from the second position she held last year to third in the list topped by IBM CEO Ginni Rometty

Sep 20, 2014

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme.

Sep 18, 2014

IKEA to Invest ₹12,500 Crore to Set Up 25 Furniture Stores in India

Ikea Group has 298 stores in 26 countries. In 2012, the firm opened 11 new stores in nine countries with 8,000 new employees. This time, Ikea has targeted India.

Sep 18, 2014

Gold Imports to Rise, Premiums may Double Ahead of Diwali

After and during the Indian festive season, Indian gold premiums to the global benchmark are also expected to surge by ₹731 to ₹912 for 30 grams, from the current rate of ₹426 to ₹609 an ounce.

Sep 18, 2014

BSE closes points 480.92 up on September 18

New Delhi, Sept 18 (ANI): Trading at the Bombay Stock Exchange today closed 480.92 points up to stand at 27,112.21. At the National Stock Exchange the Nifty closed 139.25 points up to stand at 8,114.75. UNITECH and HDIL were among the top gainers of Group A with an increase of 13.94% and 9.36% along with INDHOTEL and ADANIPOWER with an increase of 9.13% and 7.22% respectively, while the top losers of Group A include BRITANNIA and BHUSHAN STEEL LTD. with a decrease of 2.35% and 1.88% along with GMDCLTD and INFOSYS LTD. with a decrease of 1.36% and 1.35% at the close of the markets. The Auto sector is up 474.62 points at 18,221.49 while the banking sector is up 358.20 points at 18,488.77 and the reality sector is up 79.40 points at 1,788.61. The Indian currency is up 0.02% at Rs 60.94 per dollar.

Sep 18, 2014