Business news

bse-closes-points-349-99-down-on-oct-16 Play

BSE closes points 349.99 down on Oct 16

New Delhi, Oct 16 (ANI): Trading at the Bombay Stock Exchange today closed 349.99 points down to stand at 25,999.34. At the National Stock Exchange the Nifty closed 115.80 points down to stand at 7,748.20. DLF and Cyient Limited were among the top gainers of Group A with an increase of 5.15% and 4.14% along with CEAT LTD. and EMAMI LTD. with an increase of 3.61% and 3.12% respectively, while the top losers of Group A include STAR and GSFC with a decrease of 18.41% and 10.72% along with UBL and CROMPTON GREAVES LTD. with a decrease of 9.44% and 8.18% at the close of the markets. The Auto sector is down 359.91 points at 16,900.95 while the banking sector is down 223.85 points at 17,802.75 and the reality sector is down 3.19 points at 1,416.04. The Indian currency is up 0.72% at Rs 61.85 per dollar. Oct 16, 2014
bse-closes-points-34-74-down-on-oct-14 Play

BSE closes points 34.74 down on Oct 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 34.74 points down to stand at 26,349.33. At the National Stock Exchange the Nifty closed 20.25 points down to stand at 7,864.00. DEN and ATUL were among the top gainers of Group A with an increase of 20.00% and 5.10% along with BF UTILITIES LTD. and LIC HOUSING FINANCE LTD. with an increase of 4.60% and 4.46% respectively, while the top losers of Group A include DLF and HCC with a decrease of 28.46% and 6.48% along with SUNTV and KAILASH with a decrease of 5.73% and 5.27% at the close of the markets. The Auto sector is down 74.02 points at 17,260.86 while the banking sector is up 93.75 points at 18,026.60 and the reality sector is down 144.43 points at 1,419.23. The Indian currency is up 0.48% at Rs 61.39 per dollar. Oct 14, 2014
flourishing-apple-trade-in-shimla-town-boosts-business Play

Flourishing apple trade in Shimla town boosts business

Shimla, Oct 14 (ANI): Apple business is booming in northern hill town and famed tourist destination Shimla, registering an annual growth from 35 billion to 45 billion rupees, proving a boon for the economy. Apple farming, which is the biggest business of the state, is not only giving good business to its farmers and traders, but the state government is also launching different schemes and initiatives to help grow the trade. Different varieties of the fruit are being sold out in large quantities at the local markets in Narkanda, Shimla, Dhali, Solan and Parwanoo during the onset of winter. On an average, the farmers get 1,000 rupees for a box containing 20-25 kg of apple. But this year, farmers are getting between 1,000 to 2,200 rupees for the same box. Vice-chairman, Himachal Pradesh, Agricultural Produce Market Committee (APMC), Mohinder Satan, said that with each year passing, more are more farmers and traders are joining this business considering its profit. Besides, the government is also giving 80 percent subsidy to the apple farmers. Oct 14, 2014
bse-closes-points-86-69-down-on-oct-13 Play

BSE closes points 86.69 down on Oct 13

New Delhi, Oct 13 (ANI): Trading at the Bombay Stock Exchange today closed 86.69 points down to stand at 26,384.07. At the National Stock Exchange the Nifty closed 24.30 points down to stand at 7,884.25. SINTEX and BF UTILITIES LTD were among the top gainers of Group A with an increase of 19.70% and 18.31% along with KAILASH and PAGE INDUSTRIES LTD with an increase of 7.73% and 7.66% respectively, while the top losers of Group A include All Prices in RASOYA PROTEINS LTD and AMTEK AUTO LTD with a decrease of 4.87% and 4.64% along with JETAIRWAYS and UNITECH with a decrease of 4.16% and 3.90% at the close of the markets. The Auto sector is down 13.54 points at 17,334.88 while the banking sector is up 238.62 points at 17,932.85 and the reality sector is down 28.42 points at 1,563.66. The Indian currency is up 0.26% at Rs 61.19 per dollar. Oct 13, 2014
bse-closes-points-390-49-up-on-oct-9 Play

BSE closes points 390.49 up on Oct 9

New Delhi, Oct 9 (ANI): Trading at the Bombay Stock Exchange today closed 390.49 points up to stand at 26,637.28. At the National Stock Exchange the Nifty closed 117.85 points up to stand at 7,960.55. NCC and DEN were among the top gainers of Group A with an increase of 14.81% and 11.00% along with RAYMOND and BHEL with an increase of 8.42% and 8.37% respectively, while the top losers of Group A include RASOYA PROTEINS LTD. and SUZLON with a decrease of 4.91% and 3.90% along with TECH MAHINDRA LTD. and MINDTREE with a decrease of 2.60% and 2.18% at the close of the markets. The Auto sector is up 170.12 points at 17,844.10 while the banking sector is up 441.80 points at 18,017.86 and the reality sector is up 41.09 points at 1,616.78. The Indian currency is down 0.66% at Rs 60.99 per dollar. Oct 9, 2014
yashodhara-raje-scindia-underscores-skill-development-for-youth-at-global-investors-summit Play

Yashodhara Raje Scindia underscores skill development for youth at Global Investors Summit

Indore, Oct 09 (ANI): Madhya Pradesh Commerce and Industry Minister Yashodhara Raje Scindia said at the Global Investors Summit that she will take steps for skill development of the youths and unemployed of the state so that they become self reliant. During a news conference at the Global Investors Summit, the minister said the regional government will ensure skill availability within the state. Barely weeks after Prime Minister, Narendra Modi, launched his 'Make in India' initiative, Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan, inaugurated a three-day Global Investors Summit on Wednesday, inviting business leaders from across the world to invest in the state. Scindia added that enhancing employment is one of the primary objectives of her government. She said she will also urge corporate houses to adopt industrial training institutes so that they can directly hire talent from there. Day one of the summit was dedicated to Micro, Small and Medium Enterprises (MSME). Scindia said the MSME sector demands special attention from the federal government. Oct 9, 2014
bse-closes-points-25-18-down-on-oct-8 Play

BSE closes points 25.18 down on Oct 8

New Delhi, Oct 8 (ANI): Trading at the Bombay Stock Exchange today closed 25.18 points down to stand at 26,246.79. At the National Stock Exchange the Nifty closed 9.70 points down to stand at 7,842.70. BF UTILITIES LTD. and IOC were among the top gainers of Group A with an increase of 9.87% and 6.99% along with NATIONALUM and GSFC with an increase of 5.91% and 5.71% respectively, while the top losers of Group A include NATCO PHARMA LTD. and CREDIT ANALYSIS AND RESEARCH LTD. with a decrease of 6.96% and 5.62% along with JKLAKSHMI and HEXAWARE with a decrease of 5.44% and 5.02% at the close of the markets. The Auto sector is up 101.28 points at 17,673.98 while the banking sector is up 189.76 points at 17,576.06 and the reality sector is up 24.34 points at 1,575.70. The Indian currency is down 0.07% at Rs 61.38 per dollar. Oct 8, 2014
bse-closes-points-296-02-down-on-oct-7 Play

BSE closes points 296.02 down on Oct 7

New Delhi, Oct 7 (ANI): Trading at the Bombay Stock Exchange today closed 296.02 points down to stand at 26,271.97. At the National Stock Exchange the Nifty closed 93.15 points down to stand at 7,852.40. GMRINFRA and APOLLOTYRE were among the top gainers of Group A with an increase of 12.08% and 6.04% along with HATHWAY and SCI with an increase of 5.34% and 5.29% respectively, while the top losers of Group A include DEN and CYIENT with a decrease of 8.54% and 7.93% along with PETRONET and POLARIS with a decrease of 6.27% and 6.00% at the close of the markets. The Auto sector is down 129.45 points at 17,590.42 while the banking sector is down 178.83 points at 17,359.74 and the reality sector is down 19.88 points at 1,551.36. The Indian currency is up 0.32% at Rs 61.41 per dollar. Oct 7, 2014
market-experts-say-rbi-keeping-repo-rate-unchanged-at-8-expected-due-to-inflation Play

Market Experts say RBI keeping repo rate unchanged at 8% expected due to inflation

New Delhi, Sep 30 (ANI): After Reserve Bank of India Governor Raghuram Rajan left repo rate unchanged at 8 per cent, Market Experts on Tuesday said that the decision was expected due to risk of inflation. Rajan has decided to keep the interest rate unchanged and said that 2016 CPI target of 6% is at risk. Akash Jindal said that RBI seems to be giving importance on reduction of inflation as interest rates are not changed. Market Expert Nirav Vakharia also supported the decision over the aforesaid risk. Rajan on uesday issued his fourth bi-monthly credit policy review. Sep 30, 2014
business-leaders-hail-modis-move-to-bring-fresh-investments Play

Business leaders hail Modi's move to bring fresh investments

New Delhi/Ahmedabad, Sep 29 (ANI): Business leaders on Monday (September 29) hailed Prime Minister Narendra Modi's move as he met the CEOs of 11 top US companies in a bid to lure fresh foreign investments. Indian business leaders have high expectation from Modi's meeting with tycoons. Secretary General of The Associated Chambers of Commerce and Industry of India (ASSOCHAM), DS Rawat said that Modi is giving clear signal for investment in India. Secretary General, of Federation of Indian Chambers of Commerce and Industries (FICCI) Dr Alwyn Didar Singh said that the move will be a real game changer. President of Gujarat Chambers of Commerce and Industries Rakesh Shah said steps taken by the prime minister will grow industries, ventures and employment in the country which lead to strengthen economy. Sep 30, 2014
bse-closes-points-157-96-up-on-september-26 Play

BSE closes points 157.96 up on September 26

New Delhi, Sept 26 (ANI): Trading at the Bombay Stock Exchange today closed 157.96 points up to stand at 26,626.32. At the National Stock Exchange the Nifty closed 55.75 points up to stand at 7,967.60. INDIABULLS REAL ESTATE LTD and JPPOWER were among the top gainers of Group A with an increase of 10.78% and 9.79% along with ANDHRA BANK and ALLAHABAD BANK with an increase of 7.79% and 7.37% respectively, while the top losers of Group A include SUZLON and CRISIL with a decrease of 4.98% and 4.47% along with PIRAMAL ENTERPRISES LTD. and PETRONET with a decrease of 3.71% and 3.62% at the close of the markets. The Auto sector is up 151.07 points at 17,835.70 while the banking sector is up 334.79 points at 17,859.88 and the reality sector is up 36.13 points at 1,628.49. The Indian currency is up 0.31% at Rs 61.15 per dollar. Sep 26, 2014
bse-closes-points-31-00-down-on-september-25 Play

BSE closes points 31.00 down on September 25

New Delhi, Sept 25 (ANI): Trading at the Bombay Stock Exchange today closed 276.33 points down to stand at 26,468.36. At the National Stock Exchange the Nifty closed 90.55 points down to stand at 7,911.85. AUROPHARMA and INFRATEL were among the top gainers of Group A with an increase of 8.90% and 4.94% along with TCS and BAJAJ HOLDINGS & INVESTMENT LTD with an increase of 3.08% and 2.88% respectively, while the top losers of Group A include JAIPRAKASH ASSOCIATES LTD and JPPOWER with a decrease of 18.52% and 13.92% along with JPINFRATEC & ALLAHABAD BANK with a decrease of 13.02% and 12.30% at the close of the markets. The Auto sector is down 173.15 points at 17,684.63 while the banking sector is down 401.40 points at 17,607.83 and the reality sector is down 52.85 points at 1,592.36. The Indian currency is down 0.32% at Rs 61.15 per dollar. Sep 25, 2014
bse-closes-points-31-00-down-on-september-24 Play

BSE closes points 31.00 down on September 24

New Delhi, Sept 24 (ANI): Trading at the Bombay Stock Exchange today closed 31.00 points down to stand at 26,744.69. At the National Stock Exchange the Nifty closed 15.15 points down to stand at 8,002.40. RPOWER and PEL were among the top gainers of Group A with an increase of 5.34% and 5.19% along with COALINDIA and EMAMILTD with an increase of 5.02% and 4.84% respectively, while the top losers of Group A include GMRINFRA and OFSS with a decrease of 12.84% and 12.77% along with JINDAL STEEL & POWER LTD. and JPINFRATEC with a decrease of 9.99% and 8.71% at the close of the markets. The Auto sector is down 91.23 points at 17,857.78 while the banking sector is down 197.39 points at 18,009.23 and the reality sector is down 28.27 points at 1,645.21. The Indian currency is up 0.01% at Rs 60.94 per dollar. Sep 24, 2014
bse-closes-points-431-05-down-on-september-23 Play

BSE closes points 431.05 down on September 23

New Delhi, Sept 23 (ANI): Trading at the Bombay Stock Exchange today closed 431.05 points down to stand at 26,775.69. At the National Stock Exchange the Nifty closed 128.75 points down to stand at 8,017.55. GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. and MRPL were among the top gainers of Group A with an increase of 1.74% and 1.59% along with LandT FINANCE HOLDINGS LTD. and HCL TECH with an increase of 1.37% and 1.36% respectively, while the top losers of Group A include UNITECH and SUZLON with a decrease of 10.98% and 9.78% along with NATIONALUM and DLF with a decrease of 7.13% and 6.69% at the close of the markets. The Auto sector is down 352.72 points at 17,939.34 while the banking sector is down 321.57 points at 18,210.63 and the reality sector is down 86.45 points at 1,673.48. The Indian currency is up 0.21% at Rs 60.94 per dollar. Sep 23, 2014
us-call-for-greenfield-investments-in-india Play

US call for greenfield investments in India

New Delhi, Sept 18 (ANI): In a bid to end the blockage of global trade, US top official called for green field investments in India through the 'Select USA' programme that will specifically concentrate on assisting new and expanding existing businesses. Speaking to reporters at CII Headquarters in New Delhi on Thursday Executive Director, Select USA, Vinai Thummalapally, invited competitive investors from India to USA. The director is on a seven-day visit to India and will be travelling across five cities – Delhi, Hyderabad, Coimbatore, Mumbai and Bangalore – to boost trade investment in the US. Counsellor for Commercial Affair John M McCaslin was also present at the "Select USA" press conference organised by the US Department of Commerce. Thummalapally said India's small and medium enterprises will benefit from the programme. Sep 18, 2014
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