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NRI Deposits Kerala Bank up by Rs.3,795 crore
The NRI deposits with Kerala's State Bank of Travancore (SBT) have registered an increase of Rs.3,795 crore, a top official of the bank said Monday. SBT's managing director Jeevandas Narayan told reporters here that over a fourth of its…
Car Major Maruti Suzuki India posts 14 Percent Sales Growth
Passenger car major Maruti Suzuki India Ltd closed last month with a volume growth of 13.9 percent as compared to sales logged during January 2014. In a statement, the company said it sold a total of 116,606 units (domestic 105,559 units,…
BSE Sensex down 212 points; Banking Socks plunge
A benchmark index of Indian equities markets Monday was trading 212.04 points or 0.73 percent down as banking stocks plunged. Good buying was observed in IT and capital goods sectors, while selling pressure was seen in banking and fast…
Indian Stock Markets end Weekly Trade Flat
Major Indian equities indices ended flat in the weekly trade which closed Jan 30, as sentiments were bearish on sector specific movements based on related earnings. According to market observers, the wide movement in the Indian equities…
US strengthens Trade Engagement with India
The US says it strengthened engagement with India through the US-India Trade Policy Forum and secured the historic Trade Facilitation Agreement at the WTO after overcoming an impasse with India. "In November, the United States with India…
India’s Foreign Exchange Reserves down $98 mn to $322 bn
India's foreign exchange reserves declined by $97.9 million to $322.03 billion for the week ended Jan 23, Reserve Bank of India (RBI) data showed. In the previous week (Jan 16) the reserves went up by $2.66 billion to $322.13 billion.…
Fiscal Deficit surpasses Budget Estimates in April-December
The Indian government's fiscal deficit has exceeded the budget estimate within the first nine months of the current fiscal, data showed Friday at a time it has recovered ground somewhat by earning over Rs.22,000 crore from disinvestment in…
HCL Technologies’ Net Profit up by 28 Percent in Q2
Software service exporter HCL Technologies' consolidated net profit surged by 28 percent in the second quarter (October-December) of 2014-15, a company statement said in New Delhi on Friday. The company posted Rs.1,915 crore as consolidated…
BSE Sensex down 499 Points, Nifty loses 143 Points
A benchmark index of Indian equities markets closed Friday's trade down 499 points or 1.68 percent, as banking, automobile and consumer durables stocks declined. The markets plunged after scaling a new high of 29,844.16 points in the…
BSE Sensex gains 123 points; Healthcare Stocks up
In volatile trade Thursday, a benchmark index of Indian equities markets closed 123 points or 0.41 percent up, as investors were cautious after the US Fed assessed a strong economic recovery in the US. Profit-booking took a toll on the…