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Sensex Down By 76 Points

- Alive/NNC Correspondent   09-06-2015

Continuing its losing streak for the sixth straight session, the benchmark BSE Sensex fell another 76 points in early trade on Tuesday on sustained selling by funds and retail investors coupled with weakening global markets.The 30-share index was trading down 76.59 points, or 0.28 percent, at 26,446.50, with stocks of realty, healthcare, consumer

Reliance To Invest $3 Billion In Power Plant In Bangladesh

- Amit Kr. Yadav   05-06-2015

Anil Ambani-led Reliance Power on Saturday signed an agreement to INVEST USD 3 billion in setting up a mega power plant and a floating LNG import terminal in Bangladesh which faces acute power shortages. Reliance Power will set up a 2 million tonnes a year floating LNG import terminal as well as 3,000

SC Rejects Telecom Industries Plea For Licence Extension

- Alive/NNC Correspondent   14-05-2015

The Supreme Court has dismissed a batch of petitions filed by various telecom companies, including Vodafone and Bharti Airtel, seeking extension of their spectrum licences."We see no merit. The petitions are dismissed," a bench headed by J Chelameswar said.The Supreme Court had reserved its verdict on

Monsoon Failure Risk To India's Growth

- Alive/NNC Correspondent   12-05-2015

Rating agency Moody's on Wednesday said monsoon and global financial volatility will pose additional risks to India's growth this year, but the GDP is likely to average around 7.5 per cent over the next 18-24 months due to improvement in business environment induced by reforms. The current subdued growth

Sensex Up By 500 Points

- Alive/NNC Correspondent   11-05-2015

The benchmark BSE Sensex gained over 218 points in early trade on Monday on the back of buying by funds as well as retail investors, tracking positive global cues.The 30-share barometer advanced 218.20 points, or 0.80 per cent, to 27,323.59, with all sectoral indices led by realty, metal and auto trading up to 1.51

PM To Launch 3 Major Social Security Schemes

- Alive/NNC Correspondent   09-05-2015

After Jan Dhan, Prime Minister Narendra Modi will launch three mega social security initiatives -- one pension and two insurance schemes on Saturday. The schemes will be launched in Kolkata, capital of West Bengal where assembly elections are due next year. More than a dozen Union ministers will also fan

Sensex Up By 374 Points

- Alive/NNC Correspondent   08-05-2015

The benchmark BSE Sensex rebounded from its six-and-a-half months low in early trade Friday by climbing 374 points to 26,973.83 on government's decision to refer MAT issue to a high-level committee.Moreover, recovery in rupee against the dollar and a firming trend in global markets too boosted sentiments.Snapping its three-day

Sensex Up By 600 Points

- Alive/NNC Correspondent   05-05-2015

On across-the-board selling in late morning deals, the stock markets nosedived to four-month lows with the benchmark BSE Sensex plunging 600 points to below 27,000-level and Nifty falling 180.50 points.Sentiments were weak in the absence of trigger amid host of negative factors in the backdrop of sustained FII outflows.Overnight drop

India Can grow at 9-10%: Jaitley

- Alive/NNC Correspondent   04-05-2015

Government has initi ated a large number of reforms in its first year of governance to encourage investments and the country has the potential to grow at 9-10 per cent, Finance Minister Arun Jaitley said."I do believe that India has a 9 or 10 per cent growth potential. To achieve

Sensex Rises 291 Points

- Alive/NNC Correspondent   03-05-2015

The benchmark BSE Sensex rallied over 291 points at 27,302.63 in early trade after a long weekend on fresh buying by participants as the May series in derivatives segment began amid positive Asian cues.The 30-share index, which had lost 385.07 points in the previous two sessions, rose by 291.32 points, or 1.08 per cent,

FIR Filed Against Snapdeal

- Alive/NNC Correspondent   01-05-2015

An FIR has been filed against Snapdeal, its CEO Kunal Bahl and others after Maharashtra's Food and Drug Administration (FDA) clamped down on the e-commerce major for online sale of prescription drugs.FDA Commissioner Harshadeep Kamble said Snapdeal has been found to be selling these drugs despite its warnings

Petrol Prices Increased by Rs 3.96 per Litre

- Alive/NNC Correspondent   30-04-2015

After two rounds of cuts, petrol prices were raised by Rs 3.96 per litre and diesel by Rs 2.37 a litre, tracking global cues.The increase in petrol and diesel prices will be effective from Thursday midnight.Prices of petrol in Delhi will be Rs 63.16 a litre from Friday as against the

Rupee Weakens 28 Paise Against Dollar

- Alive/NNC Correspondent   29-04-2015

The rupee weakened by 28 paise to 63.58 against the US dollar in early trade at the Interbank Foreign Exchange due to month-end demand for the American currency from importers amid capital outflows.Forex dealers attributed the fall in the rupee to month-end demand for the US dollar from importers and sustained

Most Asian Stocks Went Down

- Alive/NNC Correspondent   29-04-2015

Most Asian stock markets sank after US growth data fell well short of forecasts, sending the dollar to a near two-month low against the euro as the chances of an interest rate hike in early summer faded.The single currency was also supported by hopes Greece will reach a bailout

Cabinet Clears Amendments In Companies Law

- Alive/NNC Correspondent   28-04-2015

To improve the ease of doing business, the Cabinet has cleared amendments to the companies law that would do away with compulsory declaration by a firm before commencing business.This is the second time that changes have been proposed to the Companies Act, 2013 since Prime Minister Narendra Modi-led government came

Apple's Quarterly Revenue Increases By 27%

- Alive/NNC Correspondent   27-04-2015

Apple Inc reported a 27 percent rise in quarterly revenue as iPhone sales surged and the company raised its share repurchase programme by $50 billion.The most valuable publicly traded U.S. company said net income rose to $13.57 billion, or $2.33 per share, from $10.22 billion, or $1.66 per share, a year earlier.Revenue rose

Sensex Down By 261 Points

- Alive/NNC Correspondent   26-04-2015

Hit by consistent foreign fund outflows, the benchmark BSE Sensex dived by 261 points to end the day at 27,176.99 to a fresh three-and-a-half months low on tax worries and lower-than-expected fourth quarter earnings by corporates so far.The market has fallen in eight of the last ten trading sessions and has

Asian Markets Rise After Wall Street Records

- Alive/NNC Correspondent   26-04-2015

Asian markets rose following another record-breaking close on Wall Street as a weak batch of US data narrowed the chances of an early interest rate hike.The euro held up against the dollar and yen as investors nervously watch developments in Europe as Greece tries to hammer out a bailout

Sensex Falls 297 Points

- Alive/NNC Correspondent   25-04-2015

Reeling under low foreign investor confidence, the benchmark BSE Sensex on Friday fell 297 points to its lowest close in more than three months at 27,437.94 after IT behemoth Infosys shares tanked 6 percent on disappointing earning numbers and guidance.Heavy selling by foreign investors on persisting worries over the controversial tax issue

Rupee At Three Month Low Against Dollar

- Alive/NNC Correspondent   23-04-2015

The rupee declined by 11 paise at fresh three-month low of 63.43 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market.Besides, a lower opening in the domestic


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