FINANCE

Further Cut in Petrol, Diesel Prices Likely as Saudi Arabia Reduces Brent Sold to US

Nearly $2 cut in international crude rate on Tuesday may prompt the Indian oil companies to heed the market voice and reduce petrol and diesel prices further from the last week’s Rs.2 cut. The statement is expected anytime tomorrow. Recently, the oil rates are witnessing multiple reductions, especially in petrol rates and the deregulation of diesel prices last month too ...

Read More »

Telangana Maiden Budget Rs.1 Lakh Crore, Self-Hike in MLA Salaries Amid Farmer Suicides Attract Ridicule

Telangana’s maiden budget was on Wednesday presented in the state assembly, proposing an expenditure of Rs.1,00,637 crore during 2014-15, including a proposal to hike MLAs’ salaries to Rs.2 Lakh per month, which was ridiculed in media citing unabated farmers’ deaths in rural areas. This includes a plan expenditure of Rs.48,648 crore and non-plan outlay of Rs.51,989 crore. Finance Minister Etela Rajender ...

Read More »

Sensex hits record high, breaches 28,000-mark 

Sensex, the main index of Indian equities markets on  Wednesday touched a historic high of 28,006 points, crossing the major psychological level of 28K for the first time in the early morning trade session, surpassing the previous high of 27,969.82 points hit in the intra-trade on Monday, as Tuesday was a holiday on account of Muharram. The index was trading ...

Read More »

Tripura CM Asks PM to Restore MGNREGA Funds for State

Tripura Chief Minister Manik Sarkar has urged Prime Minister Narendra Modi to restore the funds cut from MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act) rural employment scheme in the state. “The union rural development ministry has increased its allocation of funds under MGNREGA for Rajasthan, West Bengal, Gujarat, Tamil Nadu and some other states but reduced central allocation for ...

Read More »

Sensex Riding High on Japan Stimulus, Hits New High of 27969 points

$ Remittances from US to India

Monday morning saw Sensexm, the benchmark index of Indian equities touching a record high of 27,969.82 points, surpassing the previous high of 27,894.32 points recorded on the closing of Friday. The unexpected stimulus stemming from Japan is one of the reason forwarded for the high startoff for today’s good buying on the back of IT, capital goods and healthcare sectors ...

Read More »

2G Scam: Charges framed against Raja, Kanimozhi by ED

A special court on Friday framed charges against former telecom minister A Raja and Kanimozhi, DMK MP and daughter of K. Karunanidhi and others in money laundering related to the 2G spectrum allocation case, and the trail is set to begin on November 11. Enforcement Directorate (ED), in its charge sheet, stated that the accused were involved in the Rs. ...

Read More »

Sensex, Nifty Open at 27,529 Points, Surpass Yesterday’s Record High

A benchmark index of Indian equities markets on Friday touched a record high of 27,529.89 points, surpassing previous high of 27,390.60 points recorded on Thursday. Good buying was observed in IT, capital goods and technology, media and entertainment (TECK) sectors; while selling pressure was seen in consumer durables sector. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange ...

Read More »

Sensex Today Touches Record High 27,358 Points, From Flat Opening

Sensex on Thursday touched a record high of 27,358.85 points from being flat in the morning trade, surpassing its previous high of 27,354.99 that was recorded on September 8, 2014. All the sectors were trading in green and the rally was led by IT, oil and gas, consumer durables, capital goods, auto and technology, media and entertainment (TECK) sectors. The ...

Read More »

Sensex Remains Flat as Rupee Loses, IT Stocks Gain

Sensex of Indian equities markets on Thursday was trading flat at 16.96 points or merely 0.06 percent up as Indian Rupee weakend to 61.54 per dollar, prompting gain IT secotr shares. Good buying was observed in IT, consumer durables and technology, media and entertainment (TECK) sectors; while selling pressure was seen in auto sector. The 30-scrip Sensitive Index (Sensex) of ...

Read More »

Doing Business 2015 : India Still at Bottom Despite Reforms

A new World Bank Group report finds that India set the pace for regulatory reform in South Asia in 2013/14 India with 20 – the region’s largest reforms during the period. India was followed by Sri Lanka with 16 reforms while three countries – Bangladesh, Nepal, and Pakistan – focused their efforts on adopting modern electronic systems to facilitate business ...

Read More »

Sensex gains 62 points; capital goods index gain 92 points

A benchmark index of Indian equities markets Tuesday was trading 62.41 points or 0.23 percent up as capital goods stocks gained. Good buying was observed in capital goods and banking sectors, while selling pressure was seen in metal and oil and gas sectors. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,788.73 points, ...

Read More »

Black Money Case: Govt Reveals 3 Foreign Account Holders’ Names — Dabur’s Burman, Rajkot trader Pankaj Lodhiya and Goa miner Timblo

The government has revealed 3 names in the Supreme Court for stashing away balck money in Swiss banks and they are, as expected, some top business figures — Pradip Burman, Pankaj Chimanlal and Radha S Timblo and no politician was in the list as expected. Burman is former director of Dabur, Pankaj Chimanlal Lodhiya is a Rajkot based bullion trader ...

Read More »

Sensex surges over 400 points, auto, banking sectors gain

Sensex on Monday surged up 404.03 points or 1.55 percent as auto stocks gained, led by rally in auto, banking, capital goods, metal, oil and gas, healthcare, metal and consumer durables sectors. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 26,434.16 points, was trading at 26,512.56 points (at 11.59 a.m.) in the pre-noon ...

Read More »

ONGC to Profit by Rs.2,350 Cr after Gas Price Hike

With the new natural gas price hike that was announced on Saturday, state-run Oil and Natural Gas Corporation (ONGC) said the company will benefit by an increase in its profits annually amounting to Rs.2,000 crore. "Every $1 rise in gas price increases our revenues by Rs.4,000 crore and net profit by Rs.2,350 crore," ONGC chairman D.K. Sarraf told reporters here. ...

Read More »

Kochi Metro to be ready by Dec. 2015: Kerala CM Chandy

Kochi Metro, the Rs.5,180 dream project that is expected to solve the travel woes in Kerala’s commercial capital, would be completed in "a time bound manner", said Chief Minister Oommen Chandy. Chandy Monday went around the construction site, before taking part in the director board meeting of Kochi Metro Rail Limited. "The work is progressing well and would be completed ...

Read More »