Browsing Category
Business
Coal India Stocks slip over 5% after Stake Sale Announced
Stocks of state-run Coal India dipped Thursday, a day after the government decided to sell up to 10 percent equity stake in the company. At the Bombay Stock Exchange (BSE), the Coal India's scrip was down 3.09 percent (at 2.00 p.m.) at…
BSE Sensex falls 153 Points; Metal Stocks Drop
A benchmark index of Indian equities markets Thursday was trading at 152.64 points or 0.52 percent down as metal stocks dropped. Good buying was observed in capital goods sector, while heavy selling pressure was seen in metal, banking and…
3G Spectrum: Cabinet approves Rs 3,705 crore per MHz
The Cabinet Wednesday approved a reserve price of Rs 3,705 crore per megahertz (MHz) for third generation (3G) spectrum auction due March 4 next, Communications and IT Minister Ravi Shankar Prasad said.
“In 2010 3G auction, the…
Investors Look at India with Greater Enthusiasm: Arun Jaitley
President Barack Obama’s visit to India has helped forge a new commercial relationship between India and the US, said Finance Minister Arun Jaitley Wednesday. "President Barack Obama's visit to India has helped forge a new commercial…
State Bank of India to raise Rs.15,000 crore Equity Capital
The country's largest mortgage lender -- State Bank of India (SBI) -- has decided to raise equity capital of Rs.15,000 crore to meet the increased capital needs for matching the anticipated growth in business, the bank said. The bank said…
BSE Sensex and Nifty Touch New Intra-Day Highs, end Flat
Positive global and domestic cues led the two major indices of the Indian equities markets to scale new highs in Wednesday's intra-day trade. However, the two major indices closed the day's trade flat on the back of profit-booking. The…
Maruti Suzuki to set up Three Plants in Gujarat
Automobile company Maruti Suzuki India Ltd. (MSIL) Wednesday said it will construct three plants in Hansalpur in Gujarat with a total annual capacity of producing 750,000 vehicles. The company is investing Rs.3,000 crore for the…
India ranks 128th in Index of Economic Freedom 2015
The annual report by The Heritage Foundation, a conservative Washington think tank, in collaboration with The Wall Street Journal, ranks India 26th out of 41 countries in the Asia-Pacific region. India's total score is down by 1.1 points…
Samsung invests Rs.517 crore for Noida Plant Expansion
Electronics major Samsung Tuesday said it has invested Rs.517 crore for the expansion of its Noida plant under the UP Mega Policy. The expanded facility of Samsung India was inaugurated by UP Chief Minister Akhilesh Yadav in Lucknow on…
BSE Sensex gains 292 Points; NSE Nifty at 8,925Points
Positive global and domestic cues led the two major indices of the Indian equities markets to scale highs in Tuesday's trade session. Bullish sentiments prevailed a day after US and India reaffirmed to take the economic partnership further…