Finance

Growth bite for pet industry

New Delhi, Oct 21 (ANI): To own a pet especially a dog was once considered to be an elite affair. But today it has become crucial; from a big business tycoon to a celebrity and even a common man, everyone owns a pet. And it’s no surprise that this reason has made the pet food market boom in a very short period of time. According to estimates, the pet industry in India has revenue earning potential of 56.5 million USD, out of which, around 40.3 million USD is contributed only by pet foods. With franchising entering the pet domain, the industry has witnessed unprecedented growth. And this growth has also given the sector new concepts.

Oct 21, 2013

Silk industry on a roll

Jammu, Oct 20 (ANI): Today, the diverse use of silk fabric in clothing, cushions and curtains for home decoration and for wall hangings has led to a rise in its demand. India currently produces 23,000 metric tonnes of silk as against the domestic requirement of 32,000 metric tonnes. But, India is committed to increasing the domestic production of silk, particularly the bivoltine variety, and reduce silk imports from China. Already facing tough Chinese competition, the silk industry is not left behind but has survived because of domestic demand market which is estimated to grow at a compound annual growth rate of 5.2 per cent till 2015-16.

Oct 20, 2013

Booming publishing industry

New Delhi, Oct 19 (ANI): The publishing industry is growing by 30% every year and has over 16,000 publishers, spread over fields of different subjects. Hindi language books constitute the majority with around 25,000 books while about 20,000 books are English, and the rest are in other vernacular languages.

Oct 20, 2013

BSE closes points 448.45 up on October 18

New Delhi, October 18 (ANI): Trading at the Bombay Stock Exchange today closed 448.45 points up to stand at 20,863.96. At the National Stock Exchange the Nifty closed 135.85 points up to stand at 6181.70. Essar Oil and Jain Irrigation were among the top gainers of Group A with an increase of 7.26% and 6.93% along with Gujarat Mineral Development Corporation Ltd. and Indusind Bank with an increase of 6.50% and 6.40% respectively, while the top losers of Group A include Financial Technologies and Motherson Sumi Systems with a decrease of 2.04% and 1.19% along with Max India and TTK Prestige with a decrease of 1.16% and 1.15% at the close of the markets. The Auto sector is up 133.08 points at 11,931.03 while the banking sector is up 461.48 points at 12,252.66 and the realty sector is up 40.43 points at 1,356.70.The Indian currency is down 0.05% at Rs 61.26 per dollar.

Oct 18, 2013

BSE Sensex surges over 400 points; situation still grim, says Pai

Bangalore, Oct1 8 (ANI): Even as the BSE Sensex rose to its highest since November 2010 on Friday, rallying over 400 points in pre-noon trade, Former Infosys Chairman, Mohandas Pai said the economic situation was still grim.

Oct 18, 2013

BSE closes points 132.11 down on October 17

New Delhi, October 17 (ANI): Trading at the Bombay Stock Exchange today closed 132.11 points down to stand at 20,415.51. At the National Stock Exchange the Nifty closed 43.20 points down to stand at 6045.85.Jaiprakash Associates and MCX were among the top gainers of Group A with an increase of 7.19% and 5.00% along with Future Retail and United Phosphorus with an increase of 4.66% and 4.46% respectively, while the top losers of Group A include HCL and TCS with a decrease of 6.66% and 4.98% along with Exide Industries and Indusind Bank with a decrease of 4.74% and 4.49% at the close of the markets. The Auto sector is down 143.56 points at 11,797.95 while the banking sector is down 48.56 points at 11,791.18 and the realty sector is down 11.95 points at 1,316.27. The Indian currency is down 0.45% at Rs 61.38 per dollar.

Oct 17, 2013

BSE closes points 89.58 down on October 15

New Delhi, October 15 (ANI): Trading at the Bombay Stock Exchange today closed 89.58 points down to stand at 20,517.96. At the National Stock Exchange the Nifty closed 23.65 points down to stand at 6089.05. MCX and Jaiprakash Associates Ltd. were among the top gainers of Group A with an increase of 4.99% and 4.65% along with Nestle India and JP POWER with an increase of 3.92% and 3.38% respectively, while the top losers of Group A include Bank of India and Canara Bank with a decrease of 7.27% and 6.60% along with Karnataka Bank and Union Bank with a decrease of 6.34% and 5.89% at the close of the markets. The Auto sector is down 71.01 points at 11,942.44 while the banking sector is down 355.92 points at 11,798.43 and the realty sector is down 24.66 points at 1,325.13. The Indian currency is down 0.54% at Rs 61.88 per dollar.

Oct 15, 2013

Amul milk prices hike by Rs 2 in Delhi/NCR

New Delhi, Oct 15 (ANI): Gujarat Co-operative Milk Marketing Federation (GCMMF) that owns and markets dairy brand AMUL has announced price revision of Rs 2 per litre in pouched milk in New Delhi and NCR markets from Tuesday. The rise came in less than six months after its last hike. GCMMF will revise prices pan-India in a fortnight. Following the price rise, Amul Gold (full cream) milk will cost Rs 44 a litre, compared to the current price of Rs 42, while Amul Taza (toned milk) will cost Rs 34 a litre, up from the current Rs 32. The new price of Amul Slim and Trim double toned milk will be Rs 30 a litre, compared to the existing price of Rs 28.

Oct 15, 2013

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

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