Business news

rbi-hikes-repo-rate-by-25-bps

RBI hikes repo rate by 25 bps

New Delhi, Jan 28 (ANI): The Reserve Bank of India on Tuesday unexpectedly raised policy interest rate by 25 basis points. RBI Governor Raghuram Rajan however said that if consumer price inflation eases as projected it does not foresee further near-term tightening. Jan 28, 2014
bse-closes-points-389-88-down-on-jan-27

BSE closes points 389.88 down on Jan 27

New Delhi, Jan 27 (ANI): Trading at the Bombay Stock Exchange today closed 389.88 points down to stand at 20743.68. At the National Stock Exchange the Nifty closed 130.90 points down to stand at 6135.85. Glenmark Pharma and The Ramco Cements were among the top gainers of Group A with an increase of 5.49% and 3.54% along with Thermax and Hindustan Unilever with an increase of 2.60% and 2.46% respectively, while the top losers of Group A include Jaiprakash Associates and JP POWER with a decrease of 13.80% and 13.06% along with HDIL and GMR Infra with a decrease of 12.28% and 11.30% at the close of the markets. The Auto sector is down 397.76 points at 11,555.36 while the banking sector is down 499.10 points at 12,057.06 and the realty sector is down 89.11 points at 1,218.06. The Indian currency is down 0.72% at Rs 63.11 per dollar. Jan 27, 2014
bse-closes-points-240-10-down-on-jan-24

BSE closes points 240.10 down on Jan 24

New Delhi, Jan 24 (ANI): Trading at the Bombay Stock Exchange today closed 240.10 points down to stand at 21133.56. At the National Stock Exchange the Nifty closed 78.90 points up to stand at 6,266.75. Bharti Infratel and Mahindra and Mahindra Financial were among the top gainers of Group A with an increase of 2.50% and 2.40% along with Dabur India and Asian Paints Ltd. with an increase of 1.17% and 1.11% respectively, while the top losers of Group A include Ranbaxy Lab and Canara Bank with a decrease of 19.33% and 6.67% along with Biocon and Oriental Bank with a decrease of 5.61% and 5.48% at the close of the markets. The Auto sector is down 191.16 points at 11,953.12while the banking sector is down 240.70 points at 12,556.16 and the realty sector is down 43.02 points at 1,307.17. The Indian currency is up 0.28% at Rs 62.38per dollar. Jan 24, 2014
indian-traders-criticize-pakistan-for-halting-cross-border-trade

Indian traders criticize Pakistan for halting cross-border trade

Poonch, Jan 23 (ANI): Indian traders criticised Pakistan authorities for halting cross-LoC (Line of Control) trade after the arrest of a Pakistani truck driver, who was arrested by the Indian security forces in connection with the smuggling of brown sugar last week. Jan 23, 2014
bse-closes-points-68-23-up-on-jan-22

BSE closes points 68.23 up on Jan 22

New Delhi, Jan 22 (ANI): Trading at the Bombay Stock Exchange today closed 68.23 points up to stand at 21319.35. At the National Stock Exchange the Nifty closed 19.80 points up to stand at 6,333.60.Jaypee Infratech Ltd and Torrent Power were among the top gainers of Group A with an increase of 5.18% and 3.58% along with Century Textiles and Bajaj Finserv Ltd. with an increase of 3.51% and 2.99% respectively, while the top losers of Group A include Mphasis and Mahindra and Mahindra Financial Services Ltd. with a decrease of 5.28% and 5.26% along with Dabur India and Berger Paints with a decrease of 4.06% and 3.04% at the close of the markets. The Auto sector is up 16.65 points at 12,256.39 while the banking sector is up 4.17 points at 12,773.68 and the realty sector is up 4.75 points at 1,348.40. The Indian currency is up 0.10% at Rs 61.82 per dollar. Jan 22, 2014
bse-closes-points-50-04-up-on-jan-21

BSE closes points 50.04 up on Jan 21

New Delhi, Jan 21 (ANI): Trading at the Bombay Stock Exchange today closed 50.04 points up to stand at 21255.09. At the National Stock Exchange the Nifty closed 12.55 points up to stand at 6,316.50. Suzlon Energy and Aurobindo Pharma were among the top gainers of Group A with an increase of 7.20% and 5.90% along with Biocon and Jet Air India with an increase of 5.85% and 5.48% respectively, while the top losers of Group A include Kotak Mahindra Bank and Allahabad Bank with a decrease of 3.10% and 2.89% along with CESC and Coal India with a decrease of 2.76% and 2.45% at the close of the markets. The Auto sector is up 106.66 points at 12,221.12 while the banking sector is up 198.25 points at 12,772.99 and the realty sector is up 8.01 points at 1,343.80. The Indian currency is down 0.28% at Rs 61.80 per dollar. Jan 21, 2014
airbus-beluga

Airbus Beluga: Meet the World's Most Bizarre Aeroplane

Leading aircraft manufacturer Airbus recently introduced one of the world's most eccentric airplanes, called "Beluga", in the French city of Toulose. The cargo aircraft owes its name to its resemblance to the white Arctic whale. Jan 20, 2014
bse-closes-points-129-88-up-on-jan-20

BSE closes points 129.88 up on Jan 20

New Delhi, Jan 20 (ANI): Trading at the Bombay Stock Exchange today closed 129.88 points up to stand at 21,192.88. At the National Stock Exchange the Nifty closed 42.30 points up to stand at 6,303.95. MCX and Aurobindo Pharma were among the top gainers of Group A with an increase of 10.86 % and 6.31% along with Reliance Communication Ltd and Tata Consultancy with an increase of 6.11% and 5.53% respectively, while the top losers of Group A include Mahindra and Mahindra Financial Services and McLeod Russel with a decrease of 2.42% and 2.22% along with TTK Prestige and RIL with a decrease of 1.77% and 1.70% at the close of the markets. The Auto sector is up 86.40 points at 12,114.46 while the banking sector is up 93.66 points at 12,574.74 and the realty sector is up 9.29 points at 1,335.79. The Indian currency is down 0.07% at Rs 61.59 per dollar. Jan 20, 2014
wipro-net-profit-up-27-beats-estimates

Wipro net profit up 27 %, beats estimates

Bangalore, Jan 18 (ANI): India's third-largest Information technology (IT) services exporter, Wipro Limited, registered a 27 percent rise in quarterly net profit, topping estimates, bolstered by rising demand from overseas clients. Wipro chief executive officer, TK Kurien, aimed for a constant growth rate of four and four and half percent. Jan 18, 2014
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