Business news

Arun Jaitley Lists Out Economic Problems; Promises Solutions ahead of Union Budget

Jaitley said that the government would focus on fiscal prudence over "mindless populism" for the Union Budget.

Jul 2, 2014

Rupee Gains, Market Records High on Finance Minister's Optimism

The Indian stock market on Wednesday opened on bullish note, following Finance Minister Arun Jaitley inaugurated digital banks across the nation on Tuesday. The stocks of banking sector plunged higher, but BSE Information Technology stocks declined during trading hours.

Jul 2, 2014

Walmart Initiates B2B e-commerce Venture in India

US-based firm Walmart is planning for business-to-business e-commerce venture in India for the first time.

Jul 2, 2014

Mukesh Ambani, Chairman and Managing Director Of Reliance Industries Ltd.

DoT Dismisses CAG's Allegations that it Helped RIL during 2010 Auctions

The CAG has now suggested canceling nationwide broadband spectrum given to IBSPL, which is now a Reliance Industries company.

Jul 2, 2014

BSE closes points 102.57 up on July 1

New Delhi, July 01 (ANI): Trading at the Bombay Stock Exchange today closed 102.57 points up to stand at 25,516.35. At the National Stock Exchange the Nifty closed 23.35 points up to stand at 7,634.70. Gujarat State Petronet Ltd. and Bajaj Holdings were among the top gainers of Group A with an increase of 9.01% and 8.94% along with Hindalco Industries Ltd. and Maruti Suzuki with an increase of 6.76% and 6.01% respectively, while the top losers of Group A include CESC and CRISIL with a decrease of 2.87% and 2.60% along with Union Bank and Allahabad Bank with a decrease of 2.45% and 2.38% at the close of the markets. The Auto sector is up 493.63 points at 15,742.92 while the banking sector is up 83.63 points at 17,558.71 and the realty sector is up 21.44 points at 2,098.57. The Indian currency is down 0.13% at Rs 60.09 per dollar.

Jul 1, 2014

Prices on Rise Days before Union Budget

It's less than a week to go before the Modi government's first budget session begins in the Parliament on 7 July, and it seems to be facing one price hike after another in quick succession.

Jul 1, 2014

Indian Rupee, Market Open High; Oil prices Hiked

The BSE-Sensex rose 0.44 percent, while the NSE Nifty gained 0.31 percent on Tuesday.

Jul 1, 2014

ATMs will now Generate Receipts in Hindi also

ATMs Likely to Generate Receipts in Hindi Soon

The Home ministry has asked RBI to direct banks to upgrade ATM's software to generate receipts in Hindi language.

Jul 1, 2014

BSE closes points 313.86 up on June 30

New Delhi, June 30 (ANI): Trading at the Bombay Stock Exchange today closed 313.86 points up to stand at 25,413.78. At the National Stock Exchange the Nifty closed 102.55 points up to stand at 7,611.35. Syndicate Bank and Allahabad Bank were among the top gainers of Group A with an increase of 11.85% and 8.91% along with CESC and JPPOWER with an increase of 8.69% and 8.62% respectively, while the top losers of Group A include United Spirits and Sobha Developers Ltd. with a decrease of 4.21% and 2.82% along with Bharti Infratel and TV18 Broadcast with a decrease of 2.72% and 2.25% at the close of the markets. The Auto sector is up 41.27 points at 15,239.54 while the banking sector is up 293.34 points at 17,475.08 and the realty sector is up 21.56 points at 2,077.13. The Indian currency is up 0.01% at Rs 60.09 per dollar.

Jun 30, 2014