BUSINESS

  • Sensex plunges 422 points; auto stocks drop 6 January, 2015

    Sensex plunges 422 points; auto stocks drop

    Sensex plunges 422 points; auto stocks dropMumbai, Jan 6 (IANS) A benchmark index of Indian equities markets Tuesday plunged 422.15 points or 1.52 percent as auto stocks plummeted.All the sectors were trading in red. Heavy selling pressure was seen in auto, banking, capital goods, healthcare, IT, metal, oil and gas and consumer durables sectors. The 30-scrip […]


  • Sensex surges 236 points; auto stocks gain 29 December, 2014

    Sensex surges 236 points; auto stocks gain

    Mumbai, Dec 29 (IANS) A benchmark index of Indian equities markets Monday surged 236.12 points or 0.87 percent as auto stocks gained.All the sectors were trading in green and the rally was led by the auto, banking, metal, healthcare, capital goods and IT sectors.The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which […]


  • Reliance Capital gets Sumitomo Mitsui as partner, minority investor 26 December, 2014

    Reliance Capital gets Sumitomo Mitsui as partner, minority investor

    Mumbai, Dec 25 (IANS) Anil Ambani-led Reliance Capital has roped in Sumitomo Mitsui Trust Bank, Japan’s fourth largest, as a strategic partner and a minority investor, besides an assurance to get its support when India’s central bank issues it a commercial banking licence.The Japanese financial powerhouse will be acquiring a 2.77-percent stake in Reliance Capital for […]


  • Sensex up 47 points; banking stocks gain 24 December, 2014

    Sensex up 47 points; banking stocks gain

    Mumbai, Dec 24 (IANS) A benchmark index of Indian equities markets Wednesday was trading 46.71 points or 0.17 percent as banking stocks gained.Good buying was observed in banking and fast moving consumer goods (FMCG) sectors, while marginal selling pressure was seen in IT sector.The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which […]


  • GDP likely to grow 5.5 percent in 2015: Mid-year review 19 December, 2014

    GDP likely to grow 5.5 percent in 2015: Mid-year review

    New Delhi, Dec 19 (IANS) The country’s economy is likely to grow at around 5.5 percent in the current fiscal, the finance ministry said in its mid-year review tabled in parliament Friday.In the first six months of 2014-15, the economy grew at an annual 5.5 percent, the report said.Based on the trend of receipts and expenditure […]


  • M_Id_475303_BSE_Sensex 5 July, 2014

    A fourth of small-cap scrips more than double in 2014

    Reflecting the nature of a sentiment-driven rally, small-cap companies have caught the fancy of investors in the market gains of the year so far. Nearly a quarter of BSE small-cap universe more than doubled this year, the index it self rallied 60% this year, outpacing the benchmark indices by more than two times. In 2014, […]


  • TH05_potato_eps_1983607f 5 July, 2014

    Centre warns hoarders, hints at stern action

    ‘Supply of commodities is disrupted by hoarders anticipating higher prices’ The Modi Government is considering making hoarding of essential commodities a non-bailable offence. At a conference of State food and consumer affairs ministers here, Union Finance Minister Arun Jaitley, on Friday, said there was no need for panic as the country had enough food stocks, […]


  • 09BGKEROSENE_748652f 5 July, 2014

    Oil Ministry to move CCPA on raising LPG, kerosene prices

    The Oil Ministry is likely to move the Cabinet Committee on Political Affairs (CCPA) soon with an expert panel recommendations of raising kerosene price by Rs 4 a litre and cooking gas (LPG) rates by Rs 250 per cylinder. The ministry is preparing a draft note for consideration of the CCPA on pricing of diesel, […]


  • Clipboard01_1983713e 5 July, 2014

    Express Towers changes hands

    The landmark Express Towers building in Nariman Point, once the tallest building in South Asia, has been sold for close to Rs. 870 crore. Anant Goenka, director of Indian Express, the newspaper group that owned the South Mumbai building along with ICICI Ventures, confirmed the sale. “I can confirm that we have exited our real […]


  • ASSOCHAM_1983579f 5 July, 2014

    Tax incentive, infra status for posts: Assocham

    Industry body Assocham has sought tax incentives, market-linked tariff rates and grant of infrastructure status to the port industry in the upcoming budget for turning India’s coastline into a growth catalyst. The industry chamber batted for reduction in customs duty on import of equipment for port projects; exempting port projects from Minimum Alternate Tax (MAT) […]


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