Economy News

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

BSE closes points 663.39 up on September 19

New Delhi, September 19 (ANI): Trading at the Bombay Stock Exchange today closed 663.39 points up to stand at 20625.55. At the National Stock Exchange the Nifty closed 208.40 points up to stand at 6107.85. YES Bank Ltd. and Indian Bank were among the top gainers of Group A with an increase of 23.24% and 12.82% along with Reliance Communications Ltd. and Union Bank with an increase of 12.04% and 11.21% respectively, while the top losers of Group A include Gitanjali Gems and Wipro with a decrease of 4.68% and 2.14% along with Mphasis and Shriram City University with a decrease of 2.02% and 1.98% at the close of the markets. The Auto sector is up 310.69 points at 11,377.94 while the banking sector is up 809.27 points at 12,701.31 and the realty sector is up 69.53 points at 1,376.72. The Indian currency is up 2.38% at Rs 61.87 per dollar.

Sep 19, 2013

Sensex surges over 600 points to 2013 high on US Fed Reserve's move

New Delhi, Sep 19 (ANI): The Sensex of the Bombay Stock Exchange surged over 600 points after a stop-gap-up start and hit fresh high of 2013, as the U.S. Federal Reserve took a decision to continue with the stimulus programme to boost economic sentiment. All the sectoral indices were in the green with banks, with realty and auto stocks leading the rally on hopes of dovish stance by the Reserve Bank of India Governor Raghuram Rajan at its policy review meet. At 9:35 a.m.; the 30-share index was at 20,509.93, up 547.77 points or 2.74 per cent. It touched a high of 20,567.61 and a low of 20,347.30 in early trade.

Sep 19, 2013

The Africans making it big in China

African entrepreneurs are increasingly enticed to southern China by riches made from trading low-cost goods back home via the financial hub of Hong Kong. Duration: 03:12

Sep 19, 2013

BSE closes points 197.81 up on September 18

New Delhi, September 18 (ANI): Trading at the Bombay Stock Exchange today closed 197.81 points up to stand at 20001.84. At the National Stock Exchange the Nifty closed 49.25 points up to stand at 5899.45. Financial Technologies and YES Bank Ltd. were among the top gainers of Group A with an increase of 6.97% and 5.80% along with Emami Ltd. and Wockhardt Ltd. with an increase of 5.01% and 5.00% respectively, while the top losers of Group A include MCX and Muthoot Finance with a decrease of 7.57% and 6.85% along with BHEL and Jet Air India with a decrease of 4.43% and 2.92% at the close of the markets. The Auto sector is up 17.01 points at 11,077.80 while the banking sector is up 210.72 points at 11,920.11 and the realty sector is up 29.71 points at 1,310.92. The Indian currency is up 0.36% at Rs 63.14 per dollar.

Sep 18, 2013

Clockwork precision on the Tokyo subway

Tokyo's vast underground rail system might not be the prettiest in the world, but it is the busiest and almost certainly the most efficient. Everyday eight million people are transported around this vast subterranean jungle on a system that runs like a finely crafted Swiss watch. Duration: 01:55

Sep 18, 2013

'Troika' in Portugal for fresh review of bailout

Sep 17, 2013

Petrol price hiked by Rs 1.63, BJP cries foul

New Delhi, Sep 14 (ANI): Even as State-run Indian Oil Corporation (IOC) increased the petrol price by Rs 1.63 a litre, excluding state taxes, the BJP on Saturday hit back at the Congress-led UPA Government demanding immediate rollback of the same.

Sep 14, 2013

Rangarajan cuts FY14 GDP growth estimate to 5.3 percent

New Delhi, Sep 13 (ANI): India's economy is expected to grow 5.3 percent this fiscal year, sharply lower than an earlier estimate of 6.4 percent but higher than last year, the prime minister's economic advisory panel said on Friday. The revised forecast is roughly in line with projections of the RBI and many private economists, who expect Asia's third-largest economy to grow at around 5 percent, the same level as in 2012-2013. A pick-up in automobile production and exports in August indicated that the manufacturing sector would do better in the second half than the first, said C. Rangarajan, the chairman of the Prime Minister's Economic Advisory Council. The advisory council also said that containing the fiscal deficit within the budgeted target of 4.8 percent of gross domestic product could be a challenge.

Sep 13, 2013

BSE closes points 49.12 down on September 13

New Delhi, September 13 (ANI): Trading at the Bombay Stock Exchange today closed 49.12 points down to stand at 19,732.76. At the National Stock Exchange the Nifty closed 0.10 points down to stand at 5,850.60. JPPOWER and NHPC were among the top gainers of Group A with an increase of 8.03% and 6.50% along with Gujarat Mineral Development Corporation Ltd. and Oriental Bank with an increase of 6.37% and 6.10% respectively, while the top losers of Group A include Financial Technologies (India) Ltd. and Shriram City Union Finance Ltd. with a decrease of 8.37% and 3.80% along with Pipavav Defence and Wipro with a decrease 3.62% and 3.61% at the close of the markets. The Auto sector is up 92.38 points at 10,942.01 while the banking sector is up 14.91 points at 11,589.03 and the realty sector is up 34.97 points at 1,318.32. The Indian currency is down 0.34% at Rs 63.72 per dollar.

Sep 13, 2013

BSE closes points 211.82 down on September 12

New Delhi, September 12 (ANI): Trading at the Bombay Stock Exchange today closed 211.82 points down to stand at 19,785.63. At the National Stock Exchange the Nifty closed 62.45 points down to stand at 5,850.70. Financial Technologies (India) Ltd. and TV 18 Broadcast were among the top gainers of Group A with an increase of 18.03% and 15.38% along with Tata Communications Ltd. and MCX with an increase of 6.07% and 4.99% respectively, while the top losers of Group A include Jaiprakash Associates Ltd. and Siemens with a decrease of 11.87% and 8.22% along with Yes Bank and Jaypee Infratech Ltd with a decrease 7.43% and 6.39% at the close of the markets. The Auto sector is down 210.10 points at 10,848.24 while the banking sector is down 213.40 points at 11,579.48 and the realty sector is up 3.96 points at 1,280.39. The Indian currency is down 0.48% at Rs 63.69 per dollar.

Sep 12, 2013

BSE closes points 0.35 up on September 11

New Delhi, September 11 (ANI): Trading at the Bombay Stock Exchange today closed 0.35 points up to stand at 19,997.45. At the National Stock Exchange the Nifty closed 16.40 points up to stand at 5,913.15. Financial Technologies (India) Ltd. and IRB Infrastructure Developers Ltd. were among the top gainers of Group A with an increase of 27.28% and 14.22% along with Bank of India and UCO Bank with an increase of 10.46% and 10.32% respectively, while the top losers of Group A include Power Grid Corp and Bajaj Holdings with a decrease of 3.18% and 2.72% along with Cairn India and Tata Motors with a decrease 2.66% and 2.49% at the close of the markets. The Auto sector is up 10.29 points at 11,049.85 while the banking sector is up 208.45 points at 11,769.38 and the realty sector is up 36.00 points at 1,278.44. The Indian currency is up 0.56% at Rs 63.49 per dollar.

Sep 11, 2013

BSE closes points 707.56 up on September 10

New Delhi, September 10 (ANI): Trading at the Bombay Stock Exchange today closed 707.56 points up to stand at 19,977.62. At the National Stock Exchange the Nifty closed 216.35 points up to stand at 5,896.75. Wockhardt and ABB LTD were among the top gainers of Group A with an increase of 20.00% and 16.17% along with JPPOWER and Glaxosmithkline Consumer Healthcare Ltd. with an increase of 11.94% and 10.20% respectively, while the top losers of Group A include Indian Oil Corporation Ltd. and MCX with a decrease of 3.97% and 2.81% along with NMDC and IPCA Lab with a decrease 1.88% and 1.87% at the close of the markets. The Auto sector is up 643.31 points at 11,059.63 while the banking sector is up 197.19 points at 11,530.63 and the realty sector is up 28.91 points at 1,240.09. The Indian currency is up 1.38% at Rs 64.34 per dollar.

Sep 10, 2013

Relaunched British bank TSB vows to fuel local economy

Sep 9, 2013

Aishwarya Rai Bachchan Sizzles in Off-Shoulder Black Gown [PHOTOS]

Aishwarya Rai Bachchan has become the brand ambassador of realty developer Lodha Group. After endorsing a jewelry group, watch brand and cosmetics company among others, the Bollywood actress and former Miss World will now be the new face of a realty group.

Aug 20, 2013