PM Modi gets 100-day gift: Nifty hits historic high of 8,000
Sep 01, 2014 at 10:31 | Source:
Indian equity markets continued to gallop ahead with the Nifty hitting 8,000 mark on hopes of acche din after April-June GDP data showed a break from the sub-5 percent growth to hit a nine-quarter high. The Sensex hit also seemed to be inching closer...
Karbonn Mobiles expects to go public by 2016
Aug 25, 2014 at 22:45 | Source:
Karbonn Mobiles, India's third-largest smartphone maker, expects to go public by 2016 as it bets on sales of Android devices made in partnership with Google Inc. "Frankly I've been delaying it for the last couple of years because I wanted to know my ...
ASI, its Nepalese counterpart to restore Pashupatinath temple
Aug 05, 2014 at 16:39 | Source:
New Delhi: Archaeological Survey of India (ASI) along with its Nepalese counterpart and Pashupati Area Development Committee will work jointly to restore the ancient Pashupatinath temple, a project that is expected to cost Rs 25 crore.Authorities in ...
Rupee opens flat at 59.67 against US dollar
Jul 03, 2014 at 10:01 | Source:
Mumbai: The Indian rupee opened flat at 59.67 per dollar versus 59.69 Wednesday. US dollar clings onto modest gains, having risen broadly on the back of a report that showed solid hiring in the US private sector. On Wednesday, the rupee posted its ...
Petrol price hike disappointment to people who voted BJP: Jayalalithaa
Jul 01, 2014 at 07:18 | Source:
Chennai: Tamil Nadu Chief Minister J Jayalalithaa on Monday opposed the latest revision in fuel prices, saying it has come as a 'disappointment' to people who voted for BJP expecting a change from the 'wrong' economic policies of the previous Congres...
Govt may cut 2% import duty on gold in budget: BoAML
Jun 29, 2014 at 16:17 | Source:
MUMBAI: The union government is expected to cut two per cent import duty in gold in the forthcoming budget, as local jewellers run out of inventory, a leading US brokerage said here. "We expect a two per cent cut in gold import duty. In our view, the...
How to spot turnaround stocks
Jun 27, 2014 at 18:20 | Source:
The results season is coming to an end and investors are scurrying through the quarterly reports to spot companies that made a turn around in their fortunes. The easy way to spot a turnaround stock is to pick a company which has reported a profit in ...
Rupee logs first drop in four days to end at 59.20
Jun 09, 2014 at 18:26 | Source:
Mumbai: Bucking the trend in stocks, the Indian rupee today washed out initial gains and logged its first drop in four sessions to end at 59.20 against the dollar on late demand for the American currency from importers.At the Interbank Foreign Exchan...
Sugar surplus to maintain export momentum
Jun 02, 2014 at 19:52 | Source:
MUMBAI: India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said on Monday....
FY14 GDP growth at 4.7%; India sees worst slowdown in 25 years
May 31, 2014 at 06:52 | Source:
NEW DELHI: The country's Gross Domestic Product (GDP) for the fourth quarter of the financial year 2013-2014 grew at 4.6% versus an ET Now Poll estimate of 4.7%. The GDP for the entire FY14 grew at 4.7%. This marks a second straight year of sub-5 pe...
Larsen Toubro 4Q profit rises 69 per cent; beats estimates
May 31, 2014 at 06:52 | Source:
NEW DELHI: Larsen & Toubro Ltd (L&T) , India's biggest engineer, outstripped analyst forecasts with a 69 percent rise in fourth-quarter profit, thanks to a steep gain in revenue from its infrastructure and heavy engineering businesses. The bellwethe...
Modi as PM will help boost Sino-Indian ties: Chinese media
May 27, 2014 at 13:03 | Source:
Beijing: In a rare gesture, China's official media on Tuesday gave the biggest coverage to an Indian political event and projected Narendra Modi's elevation as Prime Minister as a harbinger of "big boost" to bilateral ties."Modi to boo...
SpiceJet soars 12% despite Q4 net loss rising to Rs 321.5 crore
May 19, 2014 at 15:31 | Source:
NEW DELHI: After slipping as much as 6.3 per cent in early trade on Monday, SpiceJet Ltd soared 12% on the Bombay Stock Exchange. The budget carrier announced a record annual loss and second biggest quarterly loss since inception, drawing major conce...
Indian rupee hits 11-month high; RBI intervention in focus
May 19, 2014 at 11:01 | Source:
MUMBAI: The Indian rupee rose to its strongest in 11 months against the dollar on expectations of continued robust foreign buying in domestic shares and debt after the Bharatiya Janata Party swept the country's elections. However, traders expect doll...
SpiceJet slips over 6% as Q4 net loss rose to Rs 321.5 crore
May 19, 2014 at 10:06 | Source:
NEW DELHI: SpiceJet Ltd slipped as much as 6.3 per cent in trade on Monday, after the budget carrier announced a record annual loss and second biggest quarterly loss since inception, drawing major concerns on its ability to keep afloat without an im...
Pre-market: Nifty likely to open higher; may reclaim 7,300 levels
May 19, 2014 at 08:21 | Source:
NEW DELHI: The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index may reclaim its crucial psychological level of 7,300 in trade today. However, analysts re...