Business news

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BSE closes points 56.11 down on May 14

New Delhi, May 14 (ANI): Trading at the Bombay Stock Exchange today closed 56.11 points down to stand at 23,815.12. At the National Stock Exchange the Nifty closed 1.60 points down to stand at7,108.75. Indian Bank and Canara Bank were among the top gainers of Group A with an increase of 11.73% and 11.05% along with TV18 Broadcast and Central Bank with an increase of 10.68% and 10.37% respectively, while the top losers of Group A include Bajaj Finance Limited and Future Retail with a decrease of 4.35% and 3.85% along with Mahindra & Mahindra and Dr Reddys Lab with a decrease of 3.51% and 3.17% at the close of the markets. The Auto sector is down 3.60 points at 14,172.20 while the banking sector is up 49.94 points at 16,256.42 and the realty sector is up 63.44 points at 1,532.10. The Indian currency is up 0.00% at Rs 59.68 per dollar.

May 14, 2014

Oracle Faces Scrutiny over $1.3 Billion Verdict Against SAP

A U.S. appeals court appeared skeptical on Tuesday about reinstating a $1.3 billion jury verdict won by Oracle Corp against SAP, in a case where the European software company admitted massive copyright infringement.

May 14, 2014

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Gold Edges up on Ukraine; Platinum, Palladium hold Gains

Platinum and palladium on Wednesday retained sharp gains made overnight on worries that increasing labour tensions in major producer South Africa could hurt supply, while gold edged up on escalating violence in Ukraine.

May 14, 2014

People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

BSE Sensex Hits Life High above 24,000 after Exit Polls

The BSE Sensex rose on Tuesday to a third consecutive record high, surpassing the key psychological level of 24,000 points as stocks tied to the domestic economy surged after exit polls showed the Bharatiya Janata Party (BJP) and its allies winning a majority in the elections.

May 13, 2014

Pfizer Boss Enters Lion's Den of UK Politics to Sell AstraZeneca Deal

The boss of U.S. drugmaker Pfizer (PFE.N) faces UK lawmakers on Tuesday with a promise and a threat - to protect British jobs in his proposed joint creation with AstraZeneca (AZN.L) of a global powerhouse upon which he says the latter's future depends.

May 13, 2014

Sony Xperia Z4 Tablet Makes Unintended Debut; Confirms 2K Screen, Great Battery and More

Sony's Top Executives to Return Bonuses - Nikkei

Sony Corp's top executives will return their annual bonuses as the company's electronics business struggles with losses, the Nikkei reported.

May 13, 2014

Dow Ends at Record high; Apple Drags on S&P 500, Nasdaq

The Dow ended at a record high on Friday, boosted by IBM, while a rebound in high-growth momentum names helped the broader market.

May 10, 2014

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Ranbaxy Posts Loss after Write-offs on U.S. Import Bans

Drugmaker Ranbaxy Laboratories Ltd (RANB.NS), which has agreed to be acquired by Sun Pharmaceutical Industries Ltd (SUN.NS) for $3.2 billion, posted a loss in the March quarter, hit by write-offs related to regulatory sanctions.

May 10, 2014

Sensex Hits Record High Above 23,000; Surges 650 Points

The BSE Sensex and Nifty hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week, sending blue-chips such as ICICI Bank sharply higher.

May 10, 2014