Business news

BSE closes points 36.30 up on September 26

New Delhi, September 26 (ANI): Trading at the Bombay Stock Exchange today closed 36.30 points up to stand at 19892.54. At the National Stock Exchange the Nifty closed 5.75 points up to stand at 5879.60. BHEL and JP POWER were among the top gainers of Group A with an increase of 7.53% and 5.89% along with Financial Technologies and Oberoi Realty with an increase of 4.73% and 4.44% respectively, while the top losers of Group A include HDIL and Indian Oil Corp with a decrease of 4.67% and 4.10% along with OIL INDIA and Reliance Communications Ltd. with a decrease of 3.85% and 3.79% at the close of the markets. The Auto sector is up 4.29 points at 11,186.12 while the banking sector is down 36.74 points at 11,452.68 and the realty sector is down 11.42 points at 1,209.29. The Indian currency is up 0.43% at Rs 62.17 per dollar.

Sep 26, 2013

BSE closes points 77.67 down on September 25

New Delhi, September 25 (ANI): Trading at the Bombay Stock Exchange today closed 77.67 points down to stand at 19842.54. At the National Stock Exchange the Nifty closed 21.95 points down to stand at 5870.50. BHEL and Zee Entertainment were among the top gainers of Group A with an increase of 7.73% and 5.75% along with Apollo Hospitals and Sobha Dev with an increase of 4.82% and 4.56% respectively, while the top losers of Group A include Financial Technologies and MCX with a decrease of 9.92% and 4.60% along with JP POWER and HPCL with a decrease of 4.43% and 3.74% at the close of the markets. The Auto sector is down 9.70 points at 11,180.22 while the banking sector is down 103.74 points at 11,494.18 and the realty sector is down 9.88 points at 1,217.68. The Indian currency is up 0.36% at Rs 62.53 per dollar.

Sep 25, 2013

BSE closes points 27.02 up on September 24

New Delhi, September 24 (ANI): Trading at the Bombay Stock Exchange today closed 27.02 points up to stand at 19927.98. At the National Stock Exchange the Nifty closed 2.70 points up to stand at 5892.45. Ashok Leyland and Eicher Motors were among the top gainers of Group A with an increase of 7.93% and 5.82% along with Sobha Dev and IFCI with an increase of 4.11% and 3.60% respectively, while the top losers of Group A include Bajaj Finance Ltd and Shriram Transport Finance Company Ltd. with a decrease of 5.74% and 5.71% along with Bank of India and Coromandel International Ltd. with a decrease of 4.43% and 4.30% at the close of the markets. The Auto sector is up 124.52 points at 11,197.79 while the banking sector is down 36.32 points at 11,594.25 and the realty sector is down 3.44 points at 1,227.94. The Indian currency is down 0.03% at Rs 62.62 per dollar.

Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

New Delhi, Sept 24 (ANI): Commerce Ministry said that the widening trade deficit with China is a matter of concern and not sustainable in the long run, as representatives from both countries met to explore greater business opportunities between the countries. India-China Business Matchmaking Symposium in New Delhi was organised by the Confederation of Indian Industry (CII) and Trade Development Bureau (TDB) of China, in the backdrop of exponential growth in the trade sector between the two countries in the last few years. The Chinese business delegation headed by Vice Director General of Chinese Trade Development Bureau (TDB) Jia Guoyong consisted of delegates from various sectors of business and trade.

Sep 24, 2013

Big trade deficit with China not sustainable in long run: Commerce ministry

Sep 24, 2013

No plans for selective stimulus package: Finance ministry

New Delhi, Sept 24 (ANI): Senior finance ministry official, Arvind Mayaram said on Monday that India has no plan to offer a special window to lend funds at lower interest rates to companies in some sectors.The finance ministry and the central bank were considering a selective stimulus plan that involved a debt-buying programme for eligible companies. Mayaram said that the banks in India have not yet developed the capability of appraising projects for a long duration. Mayaram also said that the government or the Reserve Bank of India (RBI) does not target any rate.

Sep 23, 2013

BSE closes points 380.64 down on September 23

New Delhi, September 23 (ANI): Trading at the Bombay Stock Exchange today closed 380.64 points down to stand at 19883.07. At the National Stock Exchange the Nifty closed 122.35 points down to stand at 5889.75. Gitanjali Gems and Motherson Sumi Systems were among the top gainers of Group A with an increase of 4.88% and 4.55% along with Jubilant Food works Ltd. and Titan Industries with an increase of 3.61% and 3.51% respectively, while the top losers of Group A include Union Bank and Yes Bank with a decrease of 9.97% and 8.87% along with Bank of Baroda and Oriental Bank with a decrease of 7.37% and 7.31% at the close of the markets. The Auto sector is down 144.27 points at 11,059.38 while the banking sector is down 562.11 points at 11,604.75 and the realty sector is down 61.42 points at 1,225.70. The Indian currency is down 0.67% at Rs 62.65 per dollar.

Sep 23, 2013

Jobless Italians return to vineyards for harvest

Vineyards in northern Italy are holding a 'harvest of solidarity' this year. The aim is to give unemployed Italians a job. It is proving so popular that hard-up Italians who used to shun farm work are beginning to replace immigrants. Duration: 02:32

Sep 22, 2013

BSE closes points 360.42 down on September 20

New Delhi, Sep 20 (ANI): Trading at the Bombay Stock Exchange today closed 360.42 points down to stand at 20286.22. At the National Stock Exchange the Nifty closed 103.45 points down to stand at 6012.10. TV18 Broadcast and Madras Cements were among the top gainers of Group A with an increase of 12.31% and 8.61% along with Shriram City University and IRB Infrastructure Developers Ltd. with an increase of 7.81% and 7.38% respectively, while the top losers of Group A include DLF and Oriental Bank with a decrease of 11.55% and 9.70% along with HDIL and Indian Bank with a decrease of 8.47% and 8.31% at the close of the markets. The Auto sector is down 150.43 points at 11,232.64 while the banking sector is down 527.80 points at 12,170.03 and the realty sector is down 89.93 points at 1,287.12. The Indian currency is down 0.73% at Rs 62.22 per dollar.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 2

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013

RBI hikes repo rate by 0.25% to 7.5% Part - 1

Mumbai, Sep 20 (ANI): Reserve Bank governor Raghuram Rajan on Friday hiked the key repo rate by 0.25 per cent hereby increasing it to 7.5% from 7.25% with immediate effect.

Sep 20, 2013

India reckons revived reforms for failing economy

New Delhi, Sep 20 (ANI): The tapering trends in Indian economy urgently demands deepening of economic reforms so as to stabilise the dwindling economy of the country. India___s Finance Secretary Arvind Mayaram stated this while interacting with the mediapersons in New Delhi. Earlier on Wednesday (September 18) the US Federal Reserve announced that it will continue with its monthly $85 billion bond buying programme and wait for more evidence of growth recovery. He also assured that the Indian government is working for the growth recovery and normalisation of the Indian currency.

Sep 20, 2013

Turkey alcohol laws threaten wine-making industry

The islanders of Turkey's Bozcaada worry that Prime Minister Erdogan's recent restrictive laws relating to the sale and advertising of alcohol will threaten their livelihood and their centuries-old culture of wine-making. Duration: 01:45

Sep 20, 2013

Apple fans rush to buy new iPhones after long wait

Sep 20, 2013

Leather exporters reap huge profits; quote competitive prices to international buyers

Kanpur, Sep 19 (ANI): Leather exporters in Kanpur earned huge profits in selling their products to European countries as fluctuating Indian Rupee helped them to reap huge profit, while they quoted competitive prices to international buyers. The exporters are working hard to complete their orders from various European nations who are their regular buyers. Factory owners are ensuring that they work around the clock to complete the orders on time and are leaving no stone unturned to strike deals with international buyers.

Sep 19, 2013