Finance

RBI Eases KYC Norms to Avail Bank Accounts

Reserve Bank of India in a press release stated that the KYC norms have been made simpler, and now anyone can open a bank account with just one address proof - either permanent or local.

Jun 13, 2014

FDI in Health Insurance Set to be Hiked to Health Insurance

The finance ministry is considering increasing the Foreign Direct Investment (FDI) in the insurance sector to 49 percent.

Jun 6, 2014

BSE closes points 13.91 down on May 2

New Delhi, May 2 (ANI): Trading at the Bombay Stock Exchange today closed 13.91 points down to stand at 22,403.89. At the National Stock Exchange the Nifty closed 1.60 points down to stand at 6,694.80. Century Tex and Future Retail were among the top gainers of Group A with an increase of 8.61% and 6.92% along with Marico and Aurobindo Pharma Ltd. with an increase of 6.04% and 4.73% respectively, while the top losers of Group A include Jindal Steel and Pipavav Defence with a decrease of 6.50% and 4.92% along with Financial technologies ltd. and Bata India with a decrease of 4.77% and 4.62% at the close of the markets. The Auto sector is down 68.84 points at 13,303.39 while the banking sector is down 16.16 points at 14,690.50 and the realty sector is up 3.32 points at 1,400.11. The Indian currency is up 0.15% at Rs 60.22 per dollar.

May 2, 2014

BSE closes points 165.42 down on April 29

New Delhi, April 29 (ANI): Trading at the Bombay Stock Exchange today closed 165.42 points down to stand at 22,466.19. At the National Stock Exchange the Nifty closed 46.00 points down to stand at 6,715.25. Wockhardt and Financial Tech were among the top gainers of Group A with an increase of 12.01% and 4.99% along with Jain Irrigation and JPINFRATEC with an increase of 4.83% and 3.59% respectively, while the top losers of Group A include Jindal Steel and Future Retail with a decrease of 9.07% and 5.91% along with Tata Steel and JSW Steel with a decrease of 4.79% and 4.77% at the close of the markets. The Auto sector is down 160.58 points at 13,322.91 while the banking sector is down 190.48 points at 14,773.76 and the realty sector is down 5.61 points at 1,475.02. The Indian currency is up 0.42% at Rs 60.39 per dollar.

Apr 29, 2014

BSE closes points 56.46 down on April 28

New Delhi, April 28 (ANI): Trading at the Bombay Stock Exchange today closed 56.46 points down to stand at 22,631.61. At the National Stock Exchange the Nifty closed 21.50 points down to stand at 6,761.25. UPL and JP infratec were among the top gainers of Group A with an increase of 20.18% and 13.83% along with Jain Irrigation and Wockhardt with an increase of 13.52% and 11.73% respectively, while the top losers of Group A include Shriram City University and Ambuja Cements with a decrease of 5.24% and 4.23% along with Shriram Transport and LIC Housing Finance with a decrease of 3.46% and 3.11% at the close of the markets. The Auto sector is down 132.47 points at 13,483.49 while the banking sector is up 53.94 points at 14,964.24 and the realty sector is up 8.46 points at 1,480.63. The Indian currency is up 0.02% at Rs 60.59 per dollar.

Apr 28, 2014

BSE closes points 210.76 down on April 25

New Delhi, April 25 (ANI): Trading at the Bombay Stock Exchange today closed 210.76 points down to stand at 22,665.45. At the National Stock Exchange the Nifty closed 62.05 points down to stand at 6,778.75. Strides Arco and Future Retail were among the top gainers of Group A with an increase of 13.09% and 7.68% along with UPL and Indiabulls Real Estate with an increase of 7.64% and 6.28% respectively, while the top losers of Group A include Mangalore Refinery and MRF with a decrease of 6.88% and 6.44% along with Cairn India and Ambuja Cements with a decrease of 4.91% and 4.89% at the close of the markets. The Auto sector is down 26.47 points at 13,605.69 while the banking sector is down 101.75 points at 14,910.30 and the realty sector is up 10.84 points at 1,474.13. The Indian currency is up 0.52% at Rs 60.75 per dollar.

Apr 25, 2014

BSE closes points 144.03 down on April 15

New Delhi, April 15 (ANI): Trading at the Bombay Stock Exchange today closed 144.03 points down to stand at 22,484.93. At the National Stock Exchange the Nifty closed 43.20 points down to stand at 6,733.10. Future Retail and United Spirits were among the top gainers of Group A with an increase of 18.32% and 11.58% along with Pipavav Defence and Tata Communications with an increase of 4.96% and 4.38% respectively, while the top losers of Group A include Suzlon Energy and DLF with a decrease of 7.14% and 5.90% along with Bank of India and SAIL with a decrease of 5.63% and 5.43% at the close of the markets. The Auto sector is down 125.55 points at 13,284.13 while the banking sector is down 303.44 points at 14,386.45 and the realty sector is down 46.56 points at 1,510.70. The Indian currency is down 0.13% at Rs 60.26 per dollar.

Apr 15, 2014

BSE closes points 86.37 down on April 11

New Delhi, April 11 (ANI): Trading at the Bombay Stock Exchange today closed 86.37 points down to stand at 22,628.96. At the National Stock Exchange the Nifty closed 20.10 points down to stand at 6,776.30. JPPOWER and Piramal Enterprises Ltd. were among the top gainers of Group A with an increase of 7.17% and 5.64% along with Videocon Industries Ltd. and Pipavav Defence with an increase of 5.26% and 4.72% respectively, while the top losers of Group A include Adani Enterprises Ltd. and Indusind Bank with a decrease of 7.54% and 4.26% along with JSW ENERGY and Eicher Motors with a decrease of 3.69% and 3.47% at the close of the markets. The Auto sector is down 162.86 points at 13,409.68 while the banking sector is down 116.08 points at 14,689.89 and the realty sector is up 4.47 points at 1,557.26. The Indian currency is down 0.29% at Rs 60.25 per dollar.

Apr 11, 2014

BSE closes points 12.99 up on April 10

New Delhi, April 10 (ANI): Trading at the Bombay Stock Exchange today closed 12.99 points up to stand at 22,715.33. At the National Stock Exchange the Nifty closed 0.20 points up to stand at 6, 796.40. Adani Enterprises and Bharat Electronics Ltd. were among the top gainers of Group A with an increase of 22.10% and 9.44% along with Essar Oil and Reliance Infrastructure Ltd. with an increase of 8.93% and 8.32% respectively, while the top losers of Group A include TV18 Broadcast and Aurobindo Pharma with a decrease of 3.64% and 3.54% along with Strides Arco and UCO Bank with a decrease of 3.34% and 3.09% at the close of the markets. The Auto sector is up 73.30 points at 13,572.54 while the banking sector is up 7.17 points at 14,805.97 and the realty sector is up 19.22 points at 1,552.79. The Indian currency is up 0.10% at Rs 60.08 per dollar.

Apr 10, 2014

BSE closes points 371.80 up on April 9

New Delhi, April 9 (ANI): Trading at the Bombay Stock Exchange today closed 371.80 points up to stand at 22715.25. At the National Stock Exchange the Nifty closed up 107.80 points up to stand at6802.85. Indian Bank and Essar Oil were among the top gainers of Group A with an increase of 9.98% and 8.96% along with Crompton Greaves Ltd. and Suzlon Energy with an increase of 8.78% and 7.38% respectively, while the top losers of Group A include Tech Mahindra and HCL Tech with a decrease of 3.14% and 1.85% along with Muthoot Finance and Bharti Infratel with a decrease of 1.84% and 1.73% at the close of the markets. The Auto sector is up 257.70 points at 13,522.61 while the banking sector is up 496.46 points at 14,801.81 and the realty sector is up 27.64 points at 1,533.35. The Indian currency is down 0.02% at Rs 60.12 per dollar.

Apr 9, 2014

BSE closes points 16.05 down on April 7

New Delhi, April 7 (ANI): Trading at the Bombay Stock Exchange today closed 16.05 points down to stand at 22,343.45. At the National Stock Exchange the Nifty closed up 0.70 points up to stand at6, 695.05. Suzlon Energy and Strides Arco were among the top gainers of Group A with an increase of 12.40% and 8.02% along with Jaiprakash Associates and GMR Infrastructure with an increase of 5.40% and 5.38% respectively, while the top losers of Group A include Jindal Steel and Future Retail with a decrease of 5.93% and 5.46% along with Prestige Estates and Crompton Greaves with a decrease of 4.90% and 3.72% at the close of the markets. The Auto sector is down 13.96 points at 13,264.91 while the banking sector is down 56.91 points at 14,305.35 and the realty sector is down 20.89 points at 1,505.71. The Indian currency is down 0.17% at Rs 60.19 per dollar.

Apr 7, 2014

BJPs manifesto sounds economically good: Akash Jindal

New Delhi, April 7 (ANI): Market Expert Akash Jindal stated that BJP’s manifesto sounded positive for the economic development of the country if they intend on following it on formation of their government in the Centre. Jindal said that the policies of BJP may increase the national growth and make the economy stronger.

Apr 7, 2014

BSE closes points 42.42 down on April 3

New Delhi, April 3 (ANI): Trading at the Bombay Stock Exchange today closed 42.42 points down to stand at 22,509.07. At the National Stock Exchange the Nifty closed down 16.45 points up to stand at 6,736.10. Wockhardt and Ranbaxy Lab were among the top gainers of Group A with an increase of 8.33% and 4.92 % along with Shriram City University and Thermax with an increase of 4.81% and 4.54% respectively, while the top losers of Group A include L&T Finance Holdings and IFCI with a decrease of 9.77% and 8.51% along with Godrej Cons and Oriental Bank with a decrease of 7.02% and 4.61% at the close of the markets. The Auto sector is down 17.67 points at 13,413.41 while the banking sector is down 156.28 points at 14,378.58 and the realty sector is down 6.59 points at 1,476.87. The Indian currency is down 0.60% at Rs 60.26 per dollar.

Apr 3, 2014

BSE closes points 105.05 up on April 2

New Delhi, April 2 (ANI): Trading at the Bombay Stock Exchange today closed 105.05 points up to stand at 22,551.49. At the National Stock Exchange the Nifty closed 31.50 points up to stand at 6,752.55. Wockhardt and Jet Air India were among the top gainers of Group A with an increase of 20.00% and 13.22% along with Strides Arcolab Ltd. and Oriental Bank with an increase of 10.89% and 9.31% respectively, while the top losers of Group A include Engineers India and Asian Paints with a decrease of 2.89% and 2.65% along with Dabur India and ITC with a decrease of 2.48% and 2.31% at the close of the markets. The Auto sector is up 113.26 points at 13,418.27 while the banking sector is up 134.16 points at 14,534.86 and the realty sector is up 28.93 points at 1,484.85. The Indian currency is up 0.31% at Rs 59.73 per dollar.

Apr 2, 2014

BSE closes points 60.17 up on April 1

New Delhi, April 1 (ANI): Trading at the Bombay Stock Exchange today closed 60.17 points up to stand at 22,446.44. At the National Stock Exchange the Nifty closed 16.85 points up to stand at 6,721.05. Gitanjali Gems and Godrej Consumer Products Ltd. were among the top gainers of Group A with an increase of 6.87% and 5.91% along with Aurobindo Pharma Ltd. and TV18 Broadcast with an increase of 5.37% and 5.30% respectively, while the top losers of Group A include Aurobindo Pharma Ltd. and Siemens with a decrease of 4.41% and 4.24% along with Sobha Developers Ltd. and Ashok Leyland with a decrease of 4.12% and 4.01% at the close of the markets. The Auto sector is up 14.51 points at 13,294.78 while the banking sector is down 157.79 points at 14,414.67 and the realty sector is down 12.29 points at 1,456.11. The Indian currency is down 0.04% at Rs 60.06 per dollar.

Apr 1, 2014