Business news

BSE closes points 380.36 up on Jan 2

New Delhi, Jan 2 (ANI): Trading at the Bombay Stock Exchange today closed 380.36 points up to stand at 27,887.90. At the National Stock Exchange the Nifty closed 111.45 points up to stand at 8,395.45. PIPAVAVDOC and GPPL were among the top gainers of Group A with an increase of 13.70% and 12.08% along with BERGER PAINTS INDIA LTD and BAYER CROPSCIENCE LTD with an increase of 11.08% and 8.94% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.96% and 4.88% along with MUTHOOT FINANCE LTD and PRESTIGE with a decrease of 4.74% and 4.53% at the close of the markets. The Auto sector is up 142.35 points at 18,845.88 while the banking sector is up 356.91 points at 21,830.10 and the reality sector is up 14.15 points at 1,571.90. The Indian currency is up 0.36% at Rs 63.31 per dollar.

Jan 2, 2015

Iran Calls on Saudi Arabia to Control OPEC Oil Supply; Prices Could Tumble to $30?

As oil prices fell to new six-year lows last week, Iran called on OPEC leader Saudi Arabia to take a stance on the global oil glut that has been plaguing the markets.

Jan 2, 2015

Manufacturing PMI Zooms to Two-Year High Of 54.5 in December

Expectations run high on government reforms and RBI rate cut.

Jan 2, 2015

Snapchat Raises $486 mn, Firm Now Valued at $10 bn

Snapchat, the instant photo messaging app, has managed to raise about $486 million in its latest round of funding, which now pegs its value at $10 billion.

Jan 2, 2015

BSE closes points 8.12 up on Jan 1

New Delhi, Jan 1 (ANI): Trading at the Bombay Stock Exchange today closed 8.12 points up to stand at 27,507.54. At the National Stock Exchange the Nifty closed 1.30 points up to stand at 8,284.00. JUBILANT and MUTHOOTFIN were among the top gainers of Group A with an increase of 17.29% and 11.81% along with JETAIRWAYS and GRUH with an increase of 9.99% and 9.43% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.96% and 4.65% along with GPPL and Sunrise Asian Ltd. with a decrease of 3.85% and 2.62% at the close of the markets. The Auto sector is up 72.69 points at 18,703.53 while the banking sector is up 15.08 points at 21,473.19 and the reality sector is up 2.68 points at 1,557.75. The Indian currency is down 0.39% at Rs 63.28 per dollar.

Jan 1, 2015

Reforms Push Gets Boost in 2015, Says Jaitley

Reforms introduced will realise GDP expansion, said Jaitley, with projections at 5.5% for FY 2014/15.

Jan 1, 2015

Idaho: Uber Operates in Boise Despite Cease-and-Desist Order

Uber, the controversial ride-sharing service, continued to operate in the city of Boise, Idaho, despite the cease-and-desist order sent by city officials to the company.

Jan 1, 2015

will-do-our-best-to-bring-indian-economy-back-on-track-arun-jaitley

India's Fiscal Deficit Zooms as Revenue Realisation Falters

A cut in non-plan expenditure and more disinvestment could help rein in the deficit

Jan 1, 2015

Infrastructure Growth Rises to 5-Month High of 6.7% in November

The core sector of India's infrastructure platform, accounting for 38% of its total output, grew by a five-month high at 6.7%.

Jan 1, 2015

Microsoft Sues Bangalore-Based Software Firm for Running 'Tech Support Scam'

Almost 65,000 complaints involving such scams have been registered since May, Microsoft said

Dec 31, 2014

SpiceJet Denies Extending Flight Cancellations, to Operate 230 Flights Daily in January

Cash strapped airline SpiceJet denied media reports on flight cuts, confirming that it intends to operate 230 flights a day in January 2015 ₹

Dec 31, 2014

BSE closes points 7.81 up on Dec 30

New Delhi, Dec 30 (ANI): Trading at the Bombay Stock Exchange today closed 7.81 points up to stand at 27,403.54. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 8,248.25. ADANI PORTS and BEML were among the top gainers of Group A with an increase of 7.92% and 7.53% along with NATCO PHARMA LTD. and ABB with an increase of 6.59% and 6.58% respectively, while the top losers of Group A include PMCFIN and RASOYA PROTEINS LTD. with a decrease of 4.97% and 4.93% along with UNITECH and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.79% and 4.03% at the close of the markets. The Auto sector is down 61.93 points at 18,670.54 while the banking sector is up 143.37 points at 21,365.09 and the reality sector is down 3.11 points at 1,540.13. The Indian currency is down 0.37% at Rs 63.43 per dollar.

Dec 30, 2014