Business news

BSE closes points 33.17 up on Dec 26

Trading at the Bombay Stock Exchange today closed 33.17 points up to stand at 27,241.78. At the National Stock Exchange the Nifty closed 26.60 points up to stand at 8,200.70. UNIONBANK and AJANTA PHARMA LTD. were among the top gainers of Group A with an increase of 5.65% and 5.26% along with BAYER CROPSCIENCE LTD. and SYNDICATE BANK with an increase of 5.03% and 4.93% respectively, while the top losers of Group A include RASOYA PROTEINS LTD. and GSFC with a decrease of 4.49% and 3.87% along with OBEROI REALTY LTD. and JUBILANT with a decrease of 3.60% and 3.13% at the close of the markets. The Auto sector is down 7.42 points at 18,455.13 while the banking sector is up 26.66 points at 21,253.30 and the reality sector is up 14.09 points at 1,533.94. The Indian currency is up 0.13% at Rs 63.60 per dollar.

Dec 26, 2014

President Approves Ordinances on Coal, Insurance

President Pranab Mukherjee signs two key ordinances, clearing the way for the auction of coal blocks that were ordered cancelled by the Supreme Court

Dec 26, 2014

Citigroup Sells Japan Retail Banking Unit to Sumitomo Mitsui Banking Corp

Citigroup Holdings Inc., announced on Thursday that it reached a definitive agreement to sell its retail banking unit in Japan to Sumitomo Mitsui Banking Corporation (SMBC), a unit of Sumitomo Mitsui Financial Group. The financial terms of the deal were not disclosed.

Dec 26, 2014