Markets

India Hikes Import Duty on Crude, Refined Oil by 5%

The Finance Ministry has increased import duties by 5% on crude and edible oil, in a bid to protect local producers

Dec 26, 2014

India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

The world's second most populous nation successfully rolls out its Direct Benefit Transfer for LPG in 54 districts, with others to be covered in 2015

Dec 26, 2014

Ajay Singh-led Consortium to Submit SpiceJet Revival Plan to Government

The cash strapped airline would see a round of funding, if the revival plan to be submitted by its former promoter receives the green light

Dec 26, 2014

PE Firm Indigo Partners To Lead Consortium In Ajay Singh's Bid To Takeover SpiceJet

PE funds - Indigo Partners, TPG Capital and JPMorgan Infrastructure are said to back Ajay Singh's bid to take over the beleaguered airline and to pump in the required funds.₹

Dec 24, 2014

CEA Arvind Subramanium Asks RBI to Cut Rate to Spur Investment, Drive Growth

Arvind Subramanium called on the RBI to cut rates to help increase investments and boost the GDP rate to 7-8%

Dec 24, 2014

Dow Jones Index Rises 18,000 on Strong US Economic Growth

The Dow Jones Industrial average broke a record milestone on Tuesday surging 18,000 points to 18,024 thanks to the sturdy economic growth in the United States.

Dec 24, 2014

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

The RBI could lift the embargo on banks lending against gold.

Dec 24, 2014

UltraTech Acquires Jaiprakash Associates' Cement Plants For ₹5,400 crore

UltraTech has finalised a deal with Jaiprakash Associates to takeover two cement plants for ₹5,400 crore

Dec 24, 2014

BSE closes points 195.33 down on Dec 23

New Delhi, Dec 23 (ANI): Trading at the Bombay Stock Exchange today closed 195.33 points down to stand at 27,506.46. At the National Stock Exchange the Nifty closed 57.00 points down to stand at 8,267.00. GUJRAT GAS and EDELWEISS were among the top gainers of Group A with an increase of 17.92% and 6.19% along with PAGE INDUSTRIES LTD. and DCB BANK with an increase of 6.13% and 6.13% respectively, while the top losers of Group A include SCI and RASOYA PROTEINS LTD. with a decrease of 4.89% and 4.65% along with JAIN IRRIGATION SYSTEMS LTD. and VOLTAS with a decrease of 4.49% and 4.32% at the close of the markets. The Auto sector is down 24.77 points at 18,585.69 while the banking sector is down 153.69 points at 21,301.93 and the reality sector is down 11.64 points at 1,502.73. The Indian currency is up 0.13% at Rs 63.37per dollar.

Dec 23, 2014

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

The advisory group suggested reforms to open up the coal sector and to increase production, along with suggestions to make it easier to move coal to required industries.

Dec 23, 2014

Tata SIA's 2015 Gift to Indian Flyers, Vistara to Take to Indian Skies on 9 January

Tata Sons and Singapore Airlines full service airline, Vistara is to start flying in Indian skies from January 9, 2015.

Dec 23, 2014

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

India Inc forex debt issuance finds acceptance in investor community, a record $19bn raised in 2014.

Dec 22, 2014

SpiceJet To See Ajay Singh Again? Shares Rally 20%

SpiceJet's co-founder is said to be interested to buy back the airline and to infuse much needed capital in association with financial majors and PE funds ₹

Dec 22, 2014

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

Brent crude prices increased 2 percent to $63 on Monday as investors believed that prices would remain around $60 for the rest of the year. News of the spike comes right after Saudi Arabia defended its decision to not impose any cuts on oil production and said they would stick to it.

Dec 22, 2014

China Investigating Stock Market Manipulation

China's top authorities are reportedly investigating a possible price manipulation in the stock market.

Dec 22, 2014

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Markets

India Hikes Import Duty on Crude, Refined Oil by 5%

India Becomes World's Largest Direct Benefit Transferer on LPG Subsidy Scheme

Ajay Singh-led Consortium to Submit SpiceJet Revival Plan to Government

PE Firm Indigo Partners To Lead Consortium In Ajay Singh's Bid To Takeover SpiceJet

CEA Arvind Subramanium Asks RBI to Cut Rate to Spur Investment, Drive Growth

Dow Jones Index Rises 18,000 on Strong US Economic Growth

RBI May Allow Banks to Resume Gold Loans to Jewellers, Review Ban on Import of Gold Coins and Medallions

UltraTech Acquires Jaiprakash Associates' Cement Plants For ₹5,400 crore

BSE closes points 195.33 down on Dec 23

Open Up Coal Sector To Enhance Production, Says Suresh Prabhu-headed Advisory Group

Tata SIA's 2015 Gift to Indian Flyers, Vistara to Take to Indian Skies on 9 January

India Inc Raises Record $19bn in 2014; India's External Debt Crosses $500bn

SpiceJet To See Ajay Singh Again? Shares Rally 20%

Oil Prices Spike to $63, Investors Confident of Prices Staying at $60 Level

China Investigating Stock Market Manipulation

"Har Ghar Tiranga" campaign becomes a mass movement in J&K; sets enthusiastic atmosphere [details]

IIT Basar shocker: Workers caught taking bath in kitchen; students demand action [details]

Mob attacks police party during search operation in J&K village; cops severely injured [details]