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Sensex Gains 213 Points On Capital Inflows

- Alive/NNC Correspondent   04-08-2015

The benchmark BSE Sensex recovered sharply over 213 points in early trade on Wednesday powered by capital inflows by foreign funds and buying by retail investors amid a strong Asian trend.Besides, better-than-expected Q1 earnings by Bharti Airtel buoyed sentiment.The 30-share index, which had lost 115.13 points in the previous volatile

RBI Keeps Interest Rates Unchanged

- Alive/NNC Correspondent   03-08-2015

The Reserve Bank of India (RBI) kept its interest rates unchanged at its third bi-monthly monetary policy review on Tuesday.After the status-quo in policy rates, the reserve ratio stands at 7.25 percent, the reverse ratio stands at 6.25 percent and cash reserve ratio (CRR) and statutory liquidity ratio (SLR) at 4 percent

Sensex Extends Gain In Early Trade

- Alive/NNC Correspondent   03-08-2015

 The benchmark BSE Sensex rose over 77 points in early trade on Tuesday on sustained buying by investors ahead of the Reserve Bank's monetary policy review amid better-than-expected Q1 earnings by Hero MotoCorp.The 30-share index, which had gained 727.83 points in the previous four sessions, rose 77.66 points, or 0.27 percent,

Finance Ministry To Provide Kerosene Subsidy Worth Rs 1,300 Crore

- Alive/NNC Correspondent   02-08-2015

The Finance Ministry will pay state-owned fuel retailers Rs 1,300 crore cash subsidy for kerosene for the first quarter ended June 30, but the same on LPG will be decided later.The Ministry has sanctioned a total of Rs 1,300.42 crore kerosene subsidy for April-June, a senior official said here.Of this, Rs 878.84

Onion Prices To Remain High Till October

- Alive/NNC Correspondent   02-08-2015

Unseasonal rains, lower production and resultant shortages have made the onion dearer again, with prices soaring. Merchants say the prices will remain high till October when the next crop reaches markets across the country.Of the 20 million tonnes produced last fiscal (2014-15), about 30-35 percent was damaged in unexpected rains

Petrol, Diesel Prices Cut Down

- Alive/NNC Correspondent   31-07-2015

In what could bring a relief for the middle class, government on Friday slashed the price of petrol, diesel and non-subsidised LPG.Petrol price was cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month, with effect from midnight Friday. Price of

Sensex Gains 260 Points In Early Trade

- Alive/NNC Correspondent   30-07-2015

The benchmark BSE Sensex spurted by over 260 points to 27,965.52 in early trade on Friday on continued across-the-board buying by participants as the August series in the derivatives segment began on a positive note.The 30-share index, which had gained 246.12 points in the previous two sessions, was up by 260.17 points or 0.93

Steep Rise Recorded In Oil Prices In Asia

- Alive/NNC Correspondent   30-07-2015

 Oil prices extended a rebound in Asia on Thursday following data showing a decline in US inventories, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery was up 13 cents at USD 48.92 and Brent crude gained 32 cents to USD 53.70 a barrel in late-morning trade."WTI and Brent

Sensex Gains 132 Points In Early Trade

- Alive/NNC Correspondent   28-07-2015

After falling for four straight sessions, the benchmark BSE Sensex recovered over 132 points in early trade Wednesday as stocks of metal, auto, IT and banking led gains on fresh buying by investors.The 30-share index rose by 132.42 points, or 0.48 percent, to 27,591.65. The gauge had lost 1,045.70 points in the previous four

Travel By Air At Just Rs 999

- Alive/NNC Correspondent   28-07-2015

 Low cost airlines SpiceJet on Tuesday announced yet another round of ticket discount for the monsoon season.Domestic airlines such as Jet Airways and IndiGo are also offering airfares starting at Rs 999 for the economy class as per media reports.The SpiceJet limited period sale offers fares starting at

Sensex Gains 100 Points On Value Buying

- Alive/NNC Correspondent   27-07-2015

The benchmark BSE Sensex rebounded over 100 points in early trade on Tuesday, after three sessions of losses, on value-buying by investors in select blue-chips amid a mixed trend at other Asian markets.Besides, covering-up of pending short positions by speculators ahead of the July month's expiry in the derivatives

Sensex Down By 237 Points In Early Trade

- Alive/NNC Correspondent   26-07-2015

The benchmark BSE Sensex plunged by 237 points to trade below the 28,000 level in morning trade due to continued selling by investors after concerns over participatory notes and sharp loses in global markets. The 30-share index tumbled 237 points, or 0.84 per cent, to 27,603.02, with all sectoral indices led by realty, banking and

Gold Hits At New Low Since 2010

- Alive/NNC Correspondent   24-07-2015

 Gold slides more than 1 percent on Friday to its lowest since early 2010 as fresh strength in the dollar prompted another wave of selling, putting the metal on course for its biggest weekly loss in nine months.Prices have been under pressure since tumbling more than 3 percent in Asian trading

Oil Falls To Lowest Close Since March

- Alive/NNC Correspondent   24-07-2015

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.U.S. energy firms added 21 oil rigs this week after pulling seven rigs

Aircel Launches Free Voice Calling On Data Recharges

- Alive/NNC Correspondent   23-07-2015

Leading telecom service provider Aircel has launched free voice calling on data recharges for customers across the country.The company claimed that the product has been specially designed keeping in view the dramatic increase of mobile data users in India, for whom data usage is as much a part of

Steep Rise In The Prices Of Onion

- Alive/NNC Correspondent   23-07-2015

The price of onions are once again set to make people cry as steep rise in prices of product in the last couple of days. Onion prices have shot up by more than 30 percent in Lasalgaon in Maharashtra, Asia's biggest onion market, because of supply shortage. Prices in both

Sensex Rises After Early Losses

- Alive/NNC Correspondent   21-07-2015

Paring its early losses, the benchmark BSE Sensex rose by 158 points on buying in pharma, FMCG, power and auto stocks.The broader market also gained with BSE Midcap and Smallcap indices gaining over 0.5 percent.The Sensex had opened lower by 109 points, while NSE Nifty had fell below the 8,500 level due

Sensex Recovers 46 Points In Early Trade

- Alive/NNC Correspondent   20-07-2015

The benchmark BSE Sensex recovered over 46 points in early volatile trade on Tuesday as IT sector stocks surged after Infosys reported a 5 percent growth in net profit for the first quarter of 2015-16.A firm trend on other Asian markets following overnight gains in the US markets also triggered buying

Blocking Investment Will Lead Unemployment: Jaitley

- Alive/NNC Correspondent   19-07-2015

Amid Unions opposing labour reforms, Finance Minister Arun Jaitley on Monday warned of a threat to job creation if investments were blocked and appealed not to persist with ideas that harm economic activity. A day after a ministerial panel headed by the minister failed to break logjam over proposed labour

Maruti Suzuki To Hire 2,500 Managers In FY16

- Alive/NNC Correspondent   17-07-2015

 Country's largest carmaking company Maruti Suzuki India (MSI) plans to hire around 2,500 relationship managers by the end of this fiscal for its new retail outlets under Nexa brand to sell premium products, starting with its upcoming S-Cross model."Our intent is to hire around 2,500 relationship managers for 100


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