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BSE Sensex provisionally closes 374 Points up
Mumbai, May 13 (IANS): A day after it fell 630 points on worries over retrospective tax issues with foreign funds, a benchmark index of the Indian equities markets, the 30-scrip BSE sensitive index (Sensex) made gains during Wednesday's…
Monsoon, Global Financial Volatility pose risk to India
New Delhi, May 13 (IANS) The monsoon and global financial volatility will pose additional risk to India's growth this year besides weak domestic credit conditions and tepid domestic demand, rating agency Moody's said on Wednesday.…
Union Cabinet approves Stake sale in Indian Oil, NTPC
New Delhi, May 13 (IANS) The union cabinet on Wednesday approved the sale of a 10 percent stake in Indian Oil Corp and a 5 percent stake in NTPC, a government source said here. The proposed sale of 5 percent stake in NTPC is expected to…
Telecom giant Verizon acquires AOL Inc. for $4.4 bn
New York, May 13 (IANS/EFE) Telecom giant Verizon Communications Inc. said it was acquiring digital content provider AOL Inc. for $4.4 billion. Verizon is paying $50 per share for AOL, a premium of 17.4 percent over the stock's closing…
UCO Bank Net Profit dips 27 Percent in Fourth Quarter
Kolkata, May 12 (IANS) State-run UCO Bank posted net profit of Rs.209 crore for fourth quarter of 2014-15, which is 27 percent lower than Rs.285 crore in like period year ago. According to the bank's financial results for Q4 and fiscal…
India’s Industrial Output slows, but Inflation eases
New Delhi, May 12 (IANS) Indications of a strong industrial recovery were belied with the growth in India's Industrial output slowing to 2.1 percent in March, even as the retail inflation eased nearly 40 basis points to 4.87 percent in…
Vijaya Bank’s Net Profit rises 5.65 Percent in 2014-15
Bengaluru, May 12 (IANS)Government-run Vijaya Bank on Tuesday said its net profit in 2014-2015 rose by 5.65 percent at Rs.439.41 crore against Rs.415.91 crore during 2013-14.
The bank's net revenue in the review period went up by 15.2…
Reliance Jio to raise $750 mn from Korean Company
Mumbai, May 13 (IANS) Reliance Industries on Wednesday said its broadband arm has signed up for a $750-million loan, backed by Korea Trade Insurance Corp, to primarily finance the procurements for its infrastructure roll-out from Samsung…
BSE Sensex surges over 300 Points in Early Session
Mumbai, May 13 (IANS) A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), on Wednesday surged 315.20 points or 1.17 percent during the morning session. The wider 50-scrip Nifty of the National Stock Exchange…
GST Bill goes to Rajya Sabha Select Committee
New Delhi, May 12 (IANS): The bill on the goods and services tax (GST) was on Tuesday sent to a select committee of the Rajya Sabha.
The committee will table its report in the upper house on the last day of the first week of next…