Finance

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

Rupee Gains Against Dollar in Early Trade

The Indian rupee strengthened by 6 paise at 60.08 per dollar versus Thursday's closing of 60.14 a dollar at the Interbank Foreign Exchange Market on Friday.

Jun 27, 2014

people-stand-in-front-of-the-indian-parliament-building-representational-picture

Indian Budget : A Brief History

The budget is announced to disclose agenda regarding government's future expenditure to strengthen nation's economy and consolidate economic stability through tax proposals.

Jun 25, 2014

Rupee Strengthens by 10 Paise after Expansion in Chinese Manufacturing Sector

The Indian rupee strengthened by 10 paise at 60.10 per dollar versus Monday's closing of 60.20 a dollar.

Jun 24, 2014

Raghuram Rajan, governor of Reserve Bank of India. (Reuters)

Raghuram Rajan Criticizes Srikrishna Committee Recommendations, Opposes Bringing All Regulators into One

Reserve Bank of India (RBI) governor Raghuram Rajan opposed recommendations in the BN Srikrishna Committee report, and termed merging of all regulators into one entity as "schizophrenic".

Jun 19, 2014

Finance Ministry Stern on UGC's Financial Irregularities and Negligence Towards Designated Work

The University Grants Commission (UGC) is yet to respond to 130 paragraphs of the audit report by director general of audit, central expenditure, which shows financial irregularities in the administration.

Jun 16, 2014

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