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BSE Sensex and NSE Nifty Close Flat; IT Stocks Fall
A day after rallying 729 points up on the back of a surprise lending rate cut by the Reserve Bank of India, a benchmark index of Indian equities markets closed Friday's trade flat on the back of largely negative global cues. Healthy buying…
ACC Appoints Anupam Shrivastava as CMD of BSNL
Anupam Shrivastava has been appointed the chairman and managing director (CMD) of state-run BSNL from Jan 15, a company statement said in New Delhi on Friday. Shrivastava has been appointed CMD of BSNL for a period of five years or till the…
ITC Limited Plans to set up Confectionery Unit in Odisha
ITC Limited, a largest private sector FMCG company, has been planning to set up a confectionery unit in the state with an outlay of Rs 440 crore. The company has a proposal to set up a biscuits and confectionery manufacturing plant in…
India-US Agenda to Focus Key Issues including IP and BIP
Intellectual property rights and a bilateral investment treaty (BIT) would be key issues on the agenda in the ongoing India-US dialogue on the economic front, according to a State Department official. Secretary of State John Kerry had "a…
JSPL releases Business Sustainability Report
New Delhi, January 15, 2015: Jindal Steel and Power Limited (JSPL), India’s leading steel and power company, today released the company’s first Business Sustainability Report for FY2013-14; showcasing Innovation as the corner stone of…
Kalanithi Maran sells SpiceJet Stakes to Ajay Singh
In a move that might help cash-strapped budget passenger carrier SpiceJet ride out the financial turbulence currently rocking it, the airline's promoter Kalanithi Maran will off-load his stake in the company to new promoter Ajay Singh after…
RBI cuts Repo Rate, BSE Sensex surges by 600 Points
The Reserve Bank of India (RBI) has brought huge cheer to the market and investors by cutting the repo rate by 25 basis points, but kept the CRR (Cash Reserve Ratio) unchanged at 4%. The repo rate now stands at 7.75%.
Raghuram Rajan, RBI…
Network 18 Group Appoints A.P. Parigi as CEO
A.P. Parigi, who built the Radio Mirchi brand for the Times Group, has been named group chief executive of the Reliance Industries-controlled Network 18. "Parigi has built a raft of customer-facing brands, technologies, businesses and…
Indian Economy to grow by 7% in 2016, says World Bank
Helped along by falling oil prices and by lower interest rates in developed countries, India's economy is expected to grow by seven percent next year and these two factors can be a game-changer if the nation were to seize the opportunity to…
India’s Wholesale Inflation at 0.11% in December 14
India's wholesale price index (WPI) based inflation fell to 0.11 percent in December 2014 from 6.40 percent in the corresponding month of 2013. The rate of inflation based on WPI was nil for November from 1.77 percent for the previous month…