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Double whammy: Poor rain, RBI pause fears spook investors; Sensex down 660 pts

Jun 02, 2015 at 16:48 | Source: FirstPost

The RBI's decision to cut repo rate by a quarter percentage point, which was on expected lines, failed to keep the market in good stead, as stocks went into a tailspin, especially, after the country's official weather bureau further lowered the monso...

Sensex tumbles over 200 points ahead of RBI policy; rate sensitives falter

Jun 02, 2015 at 10:32 | Source: FirstPost

With the RBI scheduled to announce the monetary policy in less than an hour, stocks markets took a beating in early trade Tuesday as thebenchmark Sensex plungedmore than 200 points amid weakness in rate sensitive stocks.Also, fall in other key Asian ...

Hero MotoCorp May vehicle sales down 5.4 percent| Reuters

Jun 02, 2015 at 00:30 | Source: FirstPost

NEW DELHI Hero MotoCorp Ltd, India's largest maker of motorcycles and scooters, said on Monday its sales for the month of May fell 5.4 percent from a year earlier. Hero sold 569,876 two-wheelers in May versus 602,481 vehicles in May 2014. ...

Sensex closes 322 points higher marking biggest single-day gain in nine sessions; Bharti Airtel leads rally

May 29, 2015 at 16:54 | Source: FirstPost

The benchmark Sensex notched up its biggest single-day gain in last nine sessions on Friday surging 322 points as investors built up fresh long-positions on expectations that the Reserve Bank of India (RBI) would slash the repo rate, at which it lend...

Sensex goes downhill amid poor ITC earnings, falls 313 points on Fed fears

May 25, 2015 at 17:25 | Source: FirstPost

strong>Mumbai: The benchmark BSE Sensex plunged over 313 points today to settle at 27,643.88 and the Nifty dived below the crucial 8,400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC.Re...

IoT adoption in India will advance at slow pace through 2020: Gartner

May 13, 2015 at 13:29 | Source: FirstPost

Indian enterprises are at the early stages of understanding the impact of the Internet of Things (IoT) on their business, according to Gartner.While the concept of IoT is not completely foreign to Indian enterprises, adoption will advance at a slow p...

Another big dip in markets: Profit booking, fears of delay in reforms pull Sensex down 470 points

May 12, 2015 at 11:36 | Source: FirstPost

The Indian equity market nosedived today on concerns that reforms may take longer than expected to roll out and also as investors booked profits after two days of rally. The market is also jittery ahead of the release of two key data points, Index of...

Car sales grow 18% in April, fastest in 30 months, says industry body

May 12, 2015 at 07:55 | Source: FirstPost

New Delhi: Car sales in India rose by 18.14 per cent in April, the fastest rate of growth in 30 months, as the auto industry continued its journey on the road to recovery riding on improved consumer sentiments, new models and favourable fuel prices.A...

Sensex rallies 394 points as govt sets up panel to look into tax issues; rupee recovers

May 08, 2015 at 10:33 | Source: FirstPost

Indian equity markets today reversed the three-day declining trend and rallied more than 300 points after the government set up a panel to look into the taxation issues of FIIs and also short covering by investors.At 10:24 am, the Sensex was up 394 p...

Honda challenges Hero's claim of 102.5kmpl for the Splendor iSmart

May 04, 2015 at 12:46 | Source: FirstPost

Honda Motorcycle and Scooter India has challenged Hero MotoCorps claim that its Splendor iSmart delivers a 102.5kmpl.According to Honda, the Splendor iSmart uses an engine base that was designed by the Japanese manufacturer and is incapable of delive...

Dont get carried away by the IoT hype: Vijay Sethi, Hero MotoCorp CIO

May 04, 2015 at 11:02 | Source: FirstPost

At a time when corporate IT is going gaga over the Internet of Things, a respected CIO of a large Indian firm feels that IoT is today nothing more than just hype. Vijay Sethi, CIO of Hero MotoCorp, feels that the IoT the most-discussed technology to...

Sensex, Nifty nosedive to over 3-week low on tax issue concerns

Apr 20, 2015 at 18:15 | Source: FirstPost

Mumbai: Aggressive selling by foreign funds on tax concerns bogged down markets today as the benchmark BSE Sensex plunged by more than 555 points to over three-week low of 27,886.21, while sharp fall in heavyweights like RIL, Infosys and weak global ...

Sensex soars 517 points, logs biggest gain in over two months

Mar 30, 2015 at 18:22 | Source: FirstPost

Mumbai: The benchmark BSE Sensex today surged by over 517 points -- its biggest one-day gain in nearly two-and-a-half months -- to end at 27,975.86 on across-the-board buying amid firm global cues.Brokers attributed the the steep rise to value buying...

'Analytics in Cricket is a technological marvel', says Hero MotoCorp CIO Vijay Sethi

Mar 25, 2015 at 13:51 | Source: FirstPost

With the ICC World Cup 2015 at its semi-final stage, the excitement is at its peak. Watching cricket is always exciting, and now with the help of technology (mainly analytics) the interest quotient of this popular sport has gone up exponentially. Hig...

Analytics in Cricket is a technological marvel: Hero MotoCorp CIO Vijay Sethi

Mar 25, 2015 at 13:51 | Source: FirstPost

With the ICC World Cup 2015 at its semi-final stage, the excitement is at its peak. Watching cricket is always exciting, and now with the help of technology (mainly analytics) the interest quotient of this popular sport has gone up exponentially. Hig...

Volatile Sensex closes 114 points down ahead of Fed meet outcome

Mar 18, 2015 at 18:57 | Source: FirstPost

Mumbai: The benchmark Sensex today frittered away early gains and closed 114 points down at 28,622.12 as investors adopted a cautious stance ahead of Fed's monetary policy statement that could signal the timing of US rate hike.While the Fed is not ex...

Rate cuts boost consumer sentiment: Passenger vehicle sales likely to rise 6-8% next year

Mar 11, 2015 at 09:15 | Source: FirstPost

New Delhi- Faster growth and improved consumer sentiment should boost sales of passenger cars and utility vehicles in India by 6 to 8 percent in the year starting in April, the country's auto industry body said on Tuesday.The improved sales outlook f...

Nifty dips below 8,900-mark as strong US jobs data raises odds of Fed rate rise

Mar 09, 2015 at 11:10 | Source: FirstPost

The benchmark BSE Sensex plunged over 340 points to 29,108.26 and the NSE Nifty dipped below the8,900-mark in early trade today on heavy selling by funds and investors amid weak Asian cues.The 30-share barometer plunged by 340.69 points, or 1.16 perc...

First Pipavav, now ABG: Thank Modi's Make in India scheme for Mahindra's interest in shipyards

Feb 26, 2015 at 11:32 | Source: FirstPost

Cashing in on the NDA government's plan to re-quip one of the world's biggest armed forces with made in India equipment, Mahindra and Mahindra is reportedly aggressively pursuing cash-strapped ABG Shipyard, India's biggest private sector shipyard.Aft...

ABG to Pipavav Defence: Thank Modi's 'Make in India' for Mahindra's interest in shipyards

Feb 25, 2015 at 15:32 | Source: FirstPost

Cashing in on the NDA government's plan to re-quip one of the world's biggest armed forces with made in India equipment, Mahindra and Mahindra is reportedly aggressively pursuing cash-strapped ABG Shipyard, India's biggest private sector shipyard.Aft...

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