Business news

Sensex Gain 1.2%, Nifty 1.1%; Telecom, RIL Surge

Indian stocks surged over one percent on Tuesday.

Jul 22, 2014

Fund Managers Unconvinced by Apple Rebound as Firm Readies Results

Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold.

Jul 22, 2014

Gold Steady above $1,300 as Conflicts Spur Safe-haven Bids

Gold stabilised near $1,310 an ounce on Tuesday.

Jul 22, 2014

Rupee Remains Unchanged, Half of Sensex and Nifty Stocks Fall

Sensex closed 73.61 points or 0.29 percent higher at 25715.17 points, while Nifty ended 20.30 points or 0.26 percent higher at 7684.20 points.

Jul 21, 2014

BSE closes points 73.61 up on July 21

New Delhi, July 21 (ANI): Trading at the Bombay Stock Exchange today closed 73.61 points up to stand at 25,715.17. At the National Stock Exchange the Nifty closed 20.30 points up to stand at 7,684.20. Century Tex and MCX were among the top gainers of Group A with an increase of 10.60% and 7.85% along with Thermax and Sun TV Network with an increase of 4.47% and 4.43% respectively, while the top losers of Group A include CRISIL and HDIL with a decrease of 4.40% and 3.90% along with Canara Bank and Emami with a decrease of 3.17% and 3.10% at the close of the markets. The Auto sector is up 3.76 points at 15,716.95 while the banking sector is up 5.58 points at 17,617.29 and the realty sector is down 19.76 points at 1,961.60. The Indian currency is 0.04 % up at Rs 60.26 per dollar.

Jul 21, 2014

Thailand Regains Spot as Top Rice Exporter due to Delayed Monsoon in India

Thailand's exports volume has breached India's exports volume this year.

Jul 21, 2014

Kotak Mahindra Bank to Buy 15% Stake in MCX from FTIL

the deal is subject to certain conditions as FTIL's stake is on hold till March 2015.

Jul 21, 2014

Brokers trade on their computer terminals at a stock brokerage firm in Mumbai

Rupee Gains, BSE Sensex and NSE Nifty Surge Following Corporate Earnings

The surge in Indian stock index was also followed by gain in Asian stocks.

Jul 21, 2014

What Does Indian Defence Get in Military Projects Worth ₹34,260 Crore?

In a meeting of Defence Acquisitions Council on Saturday, Arun Jaitley cleared military projects worth ₹34,260 crore.

Jul 20, 2014

Minerals Council of Australia Extends Help to Indian Mining Companies

Minerals Council of Australia (MCA) is keen to help Indian mining companies, in the area of sustainable mining.

Jul 19, 2014

Forbes Sells Media Business to Hong Kong Group for $475 Million

Forbes magazine has agreed to transfer its century old empire to a Hong-Kong based firm on Friday.

Jul 19, 2014

Pharma Firm AbbVie Acquires Drugmaker Shire in $55 Billion Deal

US-based pharmaceutical firm AbbVie has succeeded in acquiring Dublin-based drugmaker Shire on Friday.

Jul 18, 2014

BSE closes points 80.40 up on July 18

New Delhi, July 18 (ANI): Trading at the Bombay Stock Exchange today closed 80.40 points up to stand at 25,641.56. At the National Stock Exchange the Nifty closed 23.45 points up to stand at 7,663.90. Exide Industries ltd. and Muthoot Finance Ltd. were among the top gainers of Group A with an increase of 4.07% and 3.76% along with Shriram City Union Finance Ltd. and Karnataka Bank with an increase of 3.15% and 3.12% respectively, while the top losers of Group A include Indian Hotels and GMR Infra with a decrease of 6.96% and 4.01% along with REC and Financial Tech with a decrease of 3.64% and 3.62% at the close of the markets. The Auto sector is down 3.08 points at 15,713.19 while the banking sector is up 134.21 points at 17,611.71 and the realty sector is down 17.55 points at 1,981.36. The Indian currency is 0.22 % up at Rs 60.31 per dollar.

Jul 18, 2014

Cipla Acquires Biotech Firm Mabpharm; Set to Manufacture Low Cost HIV Drugs for Developing Nations

Meditab Specialities Private Limited (MSPL), a wholly owned subsidiary of Cipla Ltd has informed BSE regarding its acquisition of stake in Mabpharm Private Limited (Mabpharm).

Jul 18, 2014

Indian Rupee, BSE, NSE Decline on Global Risk Aversion and Weak Asian Markets

On Friday, besides the Indian Rupee; BSE Sensex and NSE Nifty opened lower by 2.68 points and 10.2 points, after gaining for the third day on Thursday.

Jul 18, 2014