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Sensex trips 121 pts ahead of key macro data, weakening rupee

Aug-12-2015 | 0 Comments

Sensex trips 121 pts ahead of key macro data, weakening rupee MUMBAI: The benchmark BSE sensex lost ground by over 120 points in early trade today as investors started scaling down their bets ahead of IIP and inflation data to be released later in the day amid weak global cues.

Moreover, the rupee sliding to nearly a two-year low of 64.67 against the Amer... Read Full Story »

Adani in talks to acquire Gangavaram Port for $2.1b

Jul-15-2015 | 0 Comments

Adani in talks to acquire Gangavaram Port for $2.1b MUMBAI: Adani Ports & Special Economic Zone has entered into exclusive talks to acquire Gangavaram Port near Vishakhapatnam in Andhra Pradesh for $2.1 billion, a deal which could make the company a dominant player on the country's eastern seaboard to capture the freight traffic in Bay of Bengal, people direct... Read Full Story »

Sensex regains 28,000 level

Jul-15-2015 | 0 Comments

Sensex regains 28,000 level MUMBAI: The benchmark sensex recovered over 200 points to trade above the 28,000 mark in early trade today on the back of value-based buying in capital goods, realty, metal, auto and PSU stocks amid firm Asian cues.

The wider nifty of NSE also crossed the 8500 level by rising 61.40 points, or ... Read Full Story »

Hopes of rate cut, cheap oil boost markets; sensex up 265 points

Jul-15-2015 | 0 Comments

Hopes of rate cut, cheap oil boost markets; sensex up 265 points MUMBAI: Expectations of a rate cut by the Reserve Bank of India and cheaper oil imports from Iran cheered investor sentiments which led a barometer index of the Indian equity markets to gain more than 265 points on Wednesday.

The 30-scrip sensitive index (sensex) of the S&P Bombay Stock Exchan... Read Full Story »

Rupee up 4 paise against dollar in early trade

Jul-15-2015 | 0 Comments

Rupee up 4 paise against dollar in early trade MUMBAI: The rupee strengthened by 4 paise to 63.35 against the US dollar in early trade on Wednesday at the Interbank Foreign Exchange on selling of American currency by exporters.

A fall in dollar against major world currencies globally helped strengthen the domestic currency, dealers said. Read Full Story »

Falling commodities to hit metal, steel companies

Jul-09-2015 | 0 Comments

Falling commodities to hit metal, steel companies MUMBAI: Indian metals, mining and resources companies such as Anil Agarwal-led Vedanta Ltd, Kumar Mangalam Birla-owned Hindalco Industries, crude oil producer ONGC and steel producers such as Tata Steel are likely to be impacted as turmoil in the Chinese equity markets — together with the Greek debt crisis ... Read Full Story »

Bad loans almost half of PSU bank's capital base: Fitch

Jul-06-2015 | 0 Comments

Bad loans almost half of PSU bank's capital base: Fitch MUMBAI: Bad loans will add up to almost half of the equity capital of public sector banks if even a fifth of the loans they have recently restructured continue to default according to a report by Fitch Ratings. According to the agency mid-sized public sector banks remain the weakest and lenders might have to ... Read Full Story »

SN Subrahmanyan may be L&T’s next MD & CEO

Jul-03-2015 | 0 Comments

SN Subrahmanyan may be L&T’s next MD & CEO MUMBAI: S N Subrahmanyan or SNS as he is popularly called, the youngest member in the six-member Larsen and Toubro (L&T) board at 54 is likely to take charge as managing director and chief executive officer of India's largest infrastructure engineering company as the present incumbent K Venkataramanan retires... Read Full Story »

Ex-Ranbaxy top executive rolls out drug delivery startup

Jul-03-2015 | 0 Comments

Ex-Ranbaxy top executive rolls out drug delivery startup MUMBAI: Pharma industry veteran Rajiv Gulati, who quit last year as president Ranbaxy, is floating a start-up which offers a 'mail order service' for chronic medicines, particularly for patients suffering from hypertension and diabetes. mChemist offers home delivery of essential medicines and over-the-counter... Read Full Story »

Rupee edges up 11 paise against dollar

Jul-03-2015 | 0 Comments

Rupee edges up 11 paise against dollar MUMBAI: Continuing its winning run for the fourth straight day, the rupee strengthened by 11 paise to 63.40 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on sustained selling of the American currency by exporters.

Forex dealers said a weakening dollar ... Read Full Story »

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