Finance

BSE closes points 95.17 up on October 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 95.17 points up to stand at 20,623.76. At the National Stock Exchange the Nifty closed 16.50 points up to stand at 6112.70. Karnataka Bank and South Indian Bank were among the top gainers of Group A with an increase of 16.22% and 10.10% along with Mangalore Refinery And Petrochemicals Ltd. and Syndicate Bank with an increase of 7.42% and 6.39% respectively, while the top losers of Group A include Wockhardt and Hindalco Industries with a decrease of 4.99% and 3.24% along with Asian Paints and Power Finance with a decrease of 2.85% and 2.81% at the close of the markets. The Auto sector is up 69.11 points at 12,028.57 while the banking sector is up 71.09 points at 12,158.62 and the realty sector is down 3.45 points at 1,351.02. The Indian currency is down 0.25% at Rs 61.23 per dollar.

Oct 14, 2013

Wedding bells through internet

New Delhi, Oct 13 (ANI): Gone are the days of matchmakers and astrologers. They have been replaced by online matrimonial search agencies. The 78.17 million USD online marriage search industry is growing at a 30% clip and threatens to upend more than just one type of traditional business in coming years. A tool for searching prospective customers, online matrimonial sites offer the comfort and choice of millions of prospects along with information about the same. Further, to maintain a personal relationship and gain consumers' confidence, the companies are looking at local marketing and media spends.

Oct 13, 2013

Growth tapping men's grooming industry

New Delhi, Oct 12 (ANI): Men are becoming extra conscious about their appearance. They regularly visit spas and buy cosmetic products for self-grooming. The cosmetic industry in India is growing at a compound annual growth rate of 15 to 20 per cent. Bullish about the growth, Cosmetic and beauty product manufacturers are launching a variety of products for men. The young Indians are splurging on themselves and this spells good business for the industry. The Indian cosmetics market, which was traditionally a stronghold of a few major players has seen a lot of foreign entrants in recent times.

Oct 12, 2013

BSE closes points 255.68 up on October 11

New Delhi, October 11 (ANI): Trading at the Bombay Stock Exchange today closed 255.68 points up to stand at 20,528.59. At the National Stock Exchange the Nifty closed 75.25 points up to stand at 6029.05. Unitech and ICICI Bank were among the top gainers of Group A with an increase of 8.10% and 5.01% along with MCX and UCO Bank with an increase of 5.00% and 4.97% respectively, while the top losers of Group A include Coal India and Glenmark Pharmaceuticals Ltd. with a decrease of 3.88% and 3.66% along with Gujarat Mineral Development Corporation Ltd. and Tata Power with a decrease of 3.07% and 2.56% at the close of the markets. The Auto sector is up 215.29 points at 11,959.46 while the banking sector is up 362.49 points at 12,087.53 and the realty sector is up 35.12 points at 1,354.47. The Indian currency is up 0.48% at Rs 61.10 per dollar.

Oct 11, 2013

BSE closes points 54.83 up on October 10

New Delhi, October 10 (ANI): Trading at the Bombay Stock Exchange today closed 54.83 points up to stand at 20304.09. At the National Stock Exchange the Nifty closed 21.60 points up to stand at 6029.05. JP POWER and GlaxoSmithKline Consumer Healthcare Ltd. were among the top gainers of Group A with an increase of 6.91% and 5.94% along with Gujarat Mineral Development Corporation Ltd. and Tata Motors with an increase of 5.67% and 5.54% respectively, while the top losers of Group A include Jain Irrigation and Hindalco Industries Ltd. with a decrease of 2.52% and 2.38% along with Tata Power and Prestige Estates with a decrease of 2.27% and 2.13% at the close of the markets. The Auto sector is up 226.09 points at 11,746.31 while the banking sector is down 7.33 points at 11,763.17 and the realty sector is up 1.85 points at 1,317.24. The Indian currency is down 0.18% at Rs 62.04 per dollar.

Oct 10, 2013

India's trade gap comes down sharply, bright spot for economy

New Delhi, Oct 09 (ANI): India's trade deficit narrowed to a two-and-a-half-year low in September, raising hopes for a significant reduction in the country's gaping current account deficit, which sent the rupee to record lows in recent months. India's trade deficit narrowed to $6.7 billion last month, compared with $10.9 billion in August and the lowest since March 2011, the trade ministry said.

Oct 9, 2013

BSE closes points 275.53 up on October 9

New Delhi, October 9 (ANI): Trading at the Bombay Stock Exchange today closed 275.53 points up to stand at 20259.14. At the National Stock Exchange the Nifty closed 85.55 points up to stand at 6013.95. Indiabulls Real Estate and Unitech were among the top gainers of Group A with an increase of 8.25% and 7.46% along with DLF Ltd. and L&T Finance Holdings with an increase of 6.99% and 5.79% respectively, while the top losers of Group A include Jubilant Food works Ltd and Jet Airways with a decrease of 3.75% and 3.28% along with Financial Technologies and Apollo Tyres with a decrease of 2.86% and 2.83% at the close of the markets. The Auto sector is up 75.50 points at 11,532.44 while the banking sector is up 235.50 points at 11,788.35 and the realty sector is up 52.51 points at 1,314.05. The Indian currency is down 0.09% at Rs 61.85 per dollar.

Oct 9, 2013

BSE closes points 57.88 up on October 8

New Delhi, October 8 (ANI): Trading at the Bombay Stock Exchange today closed 57.88 points up to stand at 19952.98. At the National Stock Exchange the Nifty closed 11.80 points up to stand at 5,917.95.McLeod Russel and Torrent Power were among the top gainers of Group A with an increase of 6.43% and 5.71% along with Idea Cellular and Wockhardt with an increase of 5.22% and 5.00% respectively, while the top losers of Group A include Jet Air India and Godrej Consumer Products Ltd. with a decrease of 4.32% and 3.77% along with Shree Cement and TV18 Broadcast with a decrease of 3.67% and 3.35% at the close of the markets. The Auto sector is up 6.04 points at 11,450.71 while the banking sector is up 52.53 points at 11,528.32 and the realty sector is up 16.73 points at 1,258.74. The Indian currency is down 0.11% at Rs 61.86 per dollar.

Oct 8, 2013

BSE closes points 0.73 down on October 7

New Delhi, October 7 (ANI): Trading at the Bombay Stock Exchange today closed 0.73 points down to stand at 19915.22. At the National Stock Exchange the Nifty closed 1.95 points up to stand at 5,909.25. L and T Finance Holdings and Financial Technologies were among the top gainers of Group A with an increase of 8.45% and 5.50% along with Ranbaxy Lab and Sun TV Network with an increase of 5.30% and 5.28% respectively, while the top losers of Group A include Jet Air India and Shriram City University with a decrease of 3.65% and 3.13% along with Coal India and CESC Ltd. with a decrease of 3.13% and 2.62% at the close of the markets. The Auto sector is down 27.71 points at 11,439.04 while the banking sector is down 130.95 points at 11,480.05 and the realty sector is down 4.64 points at 1,241.31. The Indian currency is down 0.81% at Rs 61.93 per dollar.

Oct 7, 2013

Indian fabric sales to double in next three years says Exports Council

Coimbatore, Oct 05 (ANI): Indian fabrics sales to double in the next three years as the Bangladesh fabric industry was hit after a fire broke out in an apparel industrial complex killing 377 knitwear workers earlier in April this year. The Indian government is also taking all effective steps to make sure there is a surge in the textile exports by implementing different schemes and benefits for the workers working in the garment industry. The reasons for buyers to get attracted towards India are raw material strength and due to the rupee depreciation India has now been identified as a new market by both Japan and Australia.

Oct 5, 2013

International Commercial Vehicle Fair commences in Chennai

Chennai, Oct 05 (ANI): A three-day International Commercial Vehicle Fair commenced in Chennai in order to create an ideal platform for the vehicle industry to experience and discover the new technologies and share the products that have been produced for the development of the economic sector of the country. Experts in Chennai blamed the unstable economy for the breakdown of Auto Industry, which is currently facing a reverse gear due to slow down. J Shanmugavel, Project Director referred the transport industry to be the mirror of the failing economy. The fair is conducted in India exclusively for the commercial vehicle segment and is supported by seven major associations witnessing a participation of more than four thousand professionals.

Oct 5, 2013

Kolkata hosts week long Seven Sisters Weave Fair

Kolkata, Oct 05 (ANI): The week-long handicraft fair was held in Kolkata and it attracted participants from the northeastern states. Soni, an exhibitor from Nagaland, showcased a variety of products like bags, cushion covers, fabrics and Naga shawls. She was thrilled by the response of the people.

Oct 5, 2013

BSE closes points 22.25 up on October 4

New Delhi, October 4 (ANI): Trading at the Bombay Stock Exchange today closed 22.25 points up to stand at 19924.32. At the National Stock Exchange the Nifty closed 2.40 points down to stand at 5,907.30. Sobha Developers Ltd and Prestige Estates were among the top gainers of Group A with an increase of 8.60% and 6.09% along with Motherson Sumi Systems and Muthoot Finance with an increase of 5.96% and 4.95% respectively, while the top losers of Group A include Wockhardt and Dish TV India with a decrease of 4.99% and 3.01% along with Reliance Communications Ltd and Dr Reddys Lab with a decrease of 2.84% and 2.81% at the close of the markets. The Auto sector is up 117.42 points at 11,476.98 while the banking sector is down 21.83 points at 11,618.68 and the realty sector is up 22.87 points at 1,248.61. The Indian currency is up 0.48% at Rs 61.44 per dollar.

Oct 4, 2013

BSE closes points 381.14 up on October 3

New Delhi, October 3 (ANI): Trading at the Bombay Stock Exchange today closed 381.14 points up to stand at 19898.29. At the National Stock Exchange the Nifty closed 128.40 points up to stand at 5,980.45Financial Technologies and ING Vysya Bank were among the top gainers of Group A with an increase of 11.09% and 7.35% along with Sesa Goa and SAIL with an increase of 7.10% and 7.09% respectively, while the top losers of Group A include Wockhardt and Bosch with a decrease of 5.00% and 2.16% along with Hindustan Unilever and Amara Raja with a decrease of 1.91% and 1.89% at the close of the markets. The Auto sector is up 294.97 points at 11,390.78 while the banking sector is up 380.58 points at 11,637.63 and the realty sector is up 22.52 points at 1,224.82.The Indian currency is up 0.96% at Rs 61.86 per dollar.

Oct 3, 2013

BSE closes points 148.12 up on October 1

New Delhi, October 1 (ANI): Trading at the Bombay Stock Exchange today closed 148.12 points up to stand at 19527.89. At the National Stock Exchange the Nifty closed 44.75 points up to stand at 5,780.05. Jain Irrigation and Amara Raja were among the top gainers of Group A with an increase of 7.66% and 7.33% along with Tata Communications and DLF Ltd. with an increase of 6.82% and 6.58% respectively, while the top losers of Group A include Wockhardt and Tata Power with a decrease of 5.00% and 3.82% along with Castrol India and Container Corp with a decrease of 3.40% and 3.13% at the close of the markets. The Auto sector is up 118.21 points at 11,114.80 while the banking sector is up 292.86 points at 11,257.05 and the realty sector is up 31.02 points at 1,201.35. The Indian currency is up 0.35% at Rs 62.38 per dollar.

Oct 1, 2013

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