Companies

Walmart Initiates B2B e-commerce Venture in India

US-based firm Walmart is planning for business-to-business e-commerce venture in India for the first time.

Jul 2, 2014

Mukesh Ambani, Chairman and Managing Director Of Reliance Industries Ltd.

DoT Dismisses CAG's Allegations that it Helped RIL during 2010 Auctions

The CAG has now suggested canceling nationwide broadband spectrum given to IBSPL, which is now a Reliance Industries company.

Jul 2, 2014

BSE closes points 102.57 up on July 1

New Delhi, July 01 (ANI): Trading at the Bombay Stock Exchange today closed 102.57 points up to stand at 25,516.35. At the National Stock Exchange the Nifty closed 23.35 points up to stand at 7,634.70. Gujarat State Petronet Ltd. and Bajaj Holdings were among the top gainers of Group A with an increase of 9.01% and 8.94% along with Hindalco Industries Ltd. and Maruti Suzuki with an increase of 6.76% and 6.01% respectively, while the top losers of Group A include CESC and CRISIL with a decrease of 2.87% and 2.60% along with Union Bank and Allahabad Bank with a decrease of 2.45% and 2.38% at the close of the markets. The Auto sector is up 493.63 points at 15,742.92 while the banking sector is up 83.63 points at 17,558.71 and the realty sector is up 21.44 points at 2,098.57. The Indian currency is down 0.13% at Rs 60.09 per dollar.

Jul 1, 2014

BSE closes points 313.86 up on June 30

New Delhi, June 30 (ANI): Trading at the Bombay Stock Exchange today closed 313.86 points up to stand at 25,413.78. At the National Stock Exchange the Nifty closed 102.55 points up to stand at 7,611.35. Syndicate Bank and Allahabad Bank were among the top gainers of Group A with an increase of 11.85% and 8.91% along with CESC and JPPOWER with an increase of 8.69% and 8.62% respectively, while the top losers of Group A include United Spirits and Sobha Developers Ltd. with a decrease of 4.21% and 2.82% along with Bharti Infratel and TV18 Broadcast with a decrease of 2.72% and 2.25% at the close of the markets. The Auto sector is up 41.27 points at 15,239.54 while the banking sector is up 293.34 points at 17,475.08 and the realty sector is up 21.56 points at 2,077.13. The Indian currency is up 0.01% at Rs 60.09 per dollar.

Jun 30, 2014

an-employee-walks-out-of-the-bombay-stock-exchange-bse-building-in-mumbai-august-22-2013

Indian Stocks Bullish during Early Trade; Rupee Weakens

All Indian stock indices bullished during early trade, but rupee fell flat at 60.03 per dollar on Monday. The BSE index rose one percent, while the Nifty index gained 0.99 percent during early trade on Monday, following the gains in Asian markets.

Jun 30, 2014

Air India: Non-operational Employees not Eligible for Lapsable PL

Amidst talks of privatization and large amount of losses, Air India has decided not to pay for lapsable Privilege Leaves to non-operational employees due to lack of funds.

Jun 30, 2014

Ranbaxy's Journey over the Years

In 1937, cousins Ranjit Singh and Gurbax Singh started as Indian distributors of vitamin-drugs for Japanese pharmaceutical company in Amritsar.

Jun 30, 2014

Catamaran Ventures to Team up with Amazon for E-Commerce

NR Narayan Murthy, co-founder of Infosys, is planning to form a joint venture with Amazon.com

Jun 28, 2014

Ranbaxy to Make Generic Diovan Drug in US

Ranbaxy Laboratories Ltd has received the nod to launch a cheaper version of Novartis AG's blood pressure and heart attack treatment pill Diovan, from US Food and Drug Administration (FDA), amid acquisition process by Sunpharma for $4 billion.

Jun 27, 2014

BSE closes points 37.25 up on June 27

New Delhi, June 27 (ANI): Trading at the Bombay Stock Exchange today closed 37.25 points up to stand at 25,099.92. At the National Stock Exchange the Nifty closed 15.60 points up to stand at 7,508.80. Havells India and HDIL were among the top gainers of Group A with an increase of 6.21% and 6.09% along with Divis Lab and Future Retail with an increase of 5.99% and 5.78% respectively, while the top losers of Group A include Indian Hotels and Ashok Leyland with a decrease of 4.83% and 4.62% along with Bharat Electronics Ltd. and National Aluminium Co.Ltd. with a decrease of 3.98% and 3.75% at the close of the markets. The Auto sector is down 82.08 points at 15,198.27 while the banking sector is down 79.98 points at 17,181.74 and the realty sector is up 16.26 points at 2,055.57.The Indian currency is down 0.07% at Rs 60.10 per dollar.

Jun 27, 2014

Air India: Aviation Minister Opposes Privatization of Maharaja

Timeline showing the journey of Air India

Jun 27, 2014

Finance Secretary highlights need to instill confidence in investors to boost economic growth

New Delhi, June 24 (ANI): Finance Secretary, Arvind Mayaram, on Tuesday laid emphasis on the need to boost investors' confidence to bring the country back on the path of growth and to spur economic expansion to its potential level. India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets. The finance ministry will decide on the matter after consultations with the Reserve Bank of India and capital markets regulator Securities and Exchange Board of India. Mayaram said he is hopeful that the government would take adequate steps to boost overall growth rate.

Jun 24, 2014

BSE closes points 337.58 up on June 24

New Delhi, June 24 (ANI): Trading at the Bombay Stock Exchange today closed 337.58 points up to stand at 25,368.90. At the National Stock Exchange the Nifty closed 86.85 points up to stand at 7,580.20. Petronet LNG and Gujarat State Petronet Ltd. were among the top gainers of Group A with an increase of 7.73% and 7.58% along with HPCL and Jubilant FoodWorks Ltd. with an increase of 7.10% and 6.97% respectively, while the top losers of Group A include MCX and Piramal Enterprises Ltd. with a decrease of 3.07% and 2.87% along with Marico and Kotak Mah Bank with a decrease of 2.08% and 1.70% at the close of the markets. The Auto sector is up 182.10 points at 15,169.33 while the banking sector is up 261.60 points at 17,534.65 and the realty sector is up 63.62 points at 2,078.65. The Indian currency is down 0.12% at Rs 60.13 per dollar.

Jun 24, 2014

Air India joins Star Alliance group

New Delhi, June 24 (ANI): Civil Aviation Minister Ashok Gajapathi Raju on Tuesday announced the alliance of Air India with the Star Alliance group. The government expects that the step would help the ailing national carrier come out of its losses. Ending a seven-year-long wait, the Star Alliance Chief Executive Board (CEB), at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.

Jun 24, 2014

BSE closes points 74.19 down on June 23

New Delhi, June 23 (ANI): Trading at the Bombay Stock Exchange today closed 74.19 points down to stand at 25,031.32. At the National Stock Exchange the Nifty closed 18.10 points down to stand at 7,493.35. Indian Bank and Syndicate Bank were among the top gainers of Group A with an increase of 10.24% and 6.57% along with Mangalore Refinery and ONGC with an increase of 5.98% and 5.15% respectively, while the top losers of Group A include ITC and United Spirits with a decrease of 5.92% and 4.00% along with Kotak Mahindra Bank and Reliance Infrastructure Ltd. with a decrease of 3.83% and 3.12% at the close of the markets. The Auto sector is up 117.15 points at 14,995.46 while the banking sector is up 76.27 points at 17,273.05 and the realty sector is up 9.01 points at 2,015.63. The Indian currency is down 0.01% at Rs 60.19 per dollar.

Jun 23, 2014