Here are the top trending news for the day:
Equity benchmarks surged Thursday led by strengths in shares from the banking, capital goods and auto sectors, with the Sensex closing above the psychological 19000-mark.
The Supreme Court (SC) on Thursday lifted a one-and-a-half-year old iron ore mining ban in Karnataka. As per the CEC reports, Category B mines will be allowed to restart mining subject to necessary statutory clearances and completion of relief and rehabilitation work is complete.
In the FY14 annual supplement of Foreign Trade Policy 2009-2014 announced today, commerce minister Anand Sharma said trade deficit had widened to USD 190.91 billion in the fiscal year 2013 versus 183.4 billion in the previous year.
Private sector lender Yes Bank's fourth quarter (January-March) net profit rose by forecast beating 33 percent year-on-year to about Rs 360 crore, driven by interest income and other income.
The Supreme Court has said Sterlite Industries' bauxite mining project in Niyamgiri Hills of Odisha will continue to remain banned until the state gram sabha gives it a go ahead. However, shares of the company did not react much to the news and declined marginally to Rs 89.
Private sector lender IndusInd Bank 's fourth quarter net profit grew by 37 percent year-on-year — beating analysts’ expectations — to Rs 307 crore, sending shares 6 percent higher.
IT major TCS managed to beat street estimates and declared good set of fourth quarter earnings on Wednesday. The company remains confident to clock better growth in FY14 than FY13 and aims to exceed upper end of industry body Nasscom’s guidance in FY14.
Hundreds of people were likely injured in a fiery explosion on Wednesday night at a fertilizer plant near Waco, Texas, that damaged or destroyed numerous buildings including a nursing home, authorities said.
By: Team Moneycontrol
READ MORE ON Sensex , deficit, mines, JSW Steel, exports, Yes Bank, Odisha, Sterlite's bauxite project, IndusInd Bank, Texas fertilizer plant blast, TCS
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