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BSE Sensex provisionally closes 551 Points down
Mumbai: Proposed new financial regulations to control black money, retrospective taxation and containment of the central bank's powers subdued the Indian equity markets on Monday.
These factors led the barometer 30-scrip sensitive index…
Power Finance Corp 5% Stake on sale at Rs.254 per Share
New Delhi: The central government has set a floor price at Rs.254 per equity share for divestment of 5 percent of its stake in Power Finance Corp (PFC) on Monday.
"The floor price of the offer shall be Rs.254 per equity share of Power…
Centre reviving Sick Fertilizer Plants: Minister Hansraj
New Delhi: The government is working to revive sick fertiliser units and a financial revival package has been prepared for Fertilizers and Chemicals Travancore (FACT) and Madras Fertilizers Ltd.
"A proposal for seeking approval of the…
BSE Sensex plunges 172 Points in Morning Session
Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Monday was trading 172.32 points or 0.61 percent down during the morning session.
The wider 50-scrip Nifty of the National Stock Exchange…
Telangana to launch Rs.25,000 crore Rural Development Scheme
Hyderabad: Telangana will spend Rs.25,000 crore in five years for rural development, Chief Minister K. Chandrasekhar Rao announced on Sunday.
The money will be spent under a new scheme 'Gram Jyoti', which will be launched on August 15,…
Pfizer’s Net Profit up by 43.40 Percent in First Quarter
New Delhi: Pharmaceuticals major Pfizer has earned a net profit of Rs.53.83 crore in the first quarter of 2015-16, which was 43.40 percent more than its net profit in the year ago period.
The drug maker had registered a net profit of Rs…
Production Faults: Honda recalls 742,493 vehicles in China
Beijing: Japanese automaker Honda Motor Co. Ltd. will recall 742,493 vehicles in China due to airbag problems, China's quality watchdog said on Saturday.
Starting from September 15, the recall involves 2007-2012 Fit cars, 2007-2008 and…
WTO reach landmark $1.3 trillion IT Trade Deal
Geneva: The World Trade Organisation (WTO) has struck a deal where over 200 information technology products would be freed from import tariffs, a media report said on Saturday.
Valued at $1.3 trillion in annual trade, the products…
Hyundai Motor to hike prices up to Rs.30,000 from Aug 2015
South Korean car maker Hyundai Motor on Saturday announced an across-the-board price increase in all its models sold in India by up to Rs.30,000 but for the "Creta" SUV that was launched globally only recently.
The hikes take effect from…
Manappuram CFO Kapil Krishan in 100 Most Influential CFOS
Mr. Kapil Krishan, CFO of Manappuram Finance Ltd., the leading gold loan company, has been honored with the prestigious award of 100 Most Influential CFOs of India at a function held at Taj Lands End in Mumbai on July 23, 2015. The award…