Finance

Nifty Hits all Time High Ahead of Budget, Sensex Opens Higher with Surge in IT Stocks

At 10:30 am on Monday BSE Sensex and NSE Nifty surged by 0.44 percent and 0.25 respectively ahead of budget.

Jul 7, 2014

Rupee Gains 0.1% in Early Hours but Falls to Thursday's Closing Later

The Indian currency gained 9 paise during early trade at 59.64 per dollar, but it regained its Thursday's closing price of around 59.73 a dollar at 10:30 am on Friday.

Jul 4, 2014

Rupee Weakens, Shares Fall after Touching Record High amid BSE Network Outage

The Indian markets settled lower on Thursday after opening on a record high.

Jul 3, 2014

Sensex Surges, Nifty Declines as BSE Resumes Trading after Halt

While the index was recorded 25844.83 points at 1:07 pm, which surged by 3.62 points and 0.01 percent after resumption, it plunged by 3.30 points at 25837.91 points at 1:10 pm. Nifty too fell by 7.20 points at 7717.95 points.

Jul 3, 2014

Rupee Gains, Market Records High on Finance Minister's Optimism

The Indian stock market on Wednesday opened on bullish note, following Finance Minister Arun Jaitley inaugurated digital banks across the nation on Tuesday. The stocks of banking sector plunged higher, but BSE Information Technology stocks declined during trading hours.

Jul 2, 2014

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