Page 46 - Companies

BJP's defeat in Bihar polls hits market as Sensex tanks

New Delhi, Nov 09 (ANI): Reactions poured in after the stock market opened in deep red on Monday as the Sensex plunged over 600 points and Nifty was at 7805 points.According to the market experts, Bharatiya Janata Party's thumping loss in Bihar Assembly elections was the reason of fall in the stock market. The rupee breached the 66-mark and plunged by 74 paise at 66.50 against the US dollar in opening trade. Yesterday, the Nitish Kumar-led Grand Alliance won 178 seats, while the BJP camp got only 58.

India on verge of paradigm change in financial inclusion: Raghuram Rajan (Part 2 )

New Delhi, Nov 06 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said India is on the verge of paradigm change in financial inclusion. While mentioning the commission charged by the banks for their services, he said it is important for the banks to make the customers aware of the KYC (Know Your Customer) services and make them more accessible. Rajan, who was addressing the Economic Conclave 2015, further mentioned the biggest game changers of the banking and finance sector and said payment banks and online market shall pave the way for financial inclusion. He said the online market opens various avenues to bridge the gap between the domestic small producers and the global market.

India on verge of paradigm change in financial inclusion: Raghuram Rajan (Part 1 )

New Delhi, Nov 06 (ANI): Reserve Bank of India (RBI) Governor Raghuram Rajan on Friday said India is on the verge of paradigm change in financial inclusion. While mentioning the commission charged by the banks for their services, he said it is important for the banks to make the customers aware of the KYC (Know Your Customer) services and make them more accessible. Rajan, who was addressing the Economic Conclave 2015, further mentioned the biggest game changers of the banking and finance sector and said payment banks and online market shall pave the way for financial inclusion. He said the online market opens various avenues to bridge the gap between the domestic small producers and the global market.

BSE closes 38.96 points down on November 6

New Delhi, Nov 6 (ANI): Trading at the Bombay Stock Exchange today closed 38.96 points down to stand at 26,265.24. At the National Stock Exchange the Nifty closed 1.15 points down to stand at 7,954.30. Motherson Sumi Systems Ltd and Bank of Baroda were among the top gainers of group A with an increase of 10.33% and 5.96% along with Hexaware Technologies Ltd and State Bank of India with an increase of 5.22% and 4.12% respectively, while the top losers of group A includes Dr.Reddy's Laboratories Ltd and Den Networks Ltd with a decrease of 14.65% and 10.72% along with Rural Electrification Corporation Ltd and Power Finance Corporation Ltd with a decrease of 10.35% and 7.84% at the close of the markets. The Auto sector is down 136.64 points at 18,264.27 while the Banking sector is up 123.47 points at 19,496.56 and the Realty sector is up 0.42 points at 1,345.08. The Indian currency was 0.05% up at Rs 65.78 per dollar.

BSE closes 248.72 points down on November 5

New Delhi, Nov 5 (ANI): Trading at the Bombay Stock Exchange today closed 248.72 points down to stand at 26,304.20. At the National Stock Exchange the Nifty closed 84.75 points down to stand at 7,955.45. Coal India Limited and NTPC Limited were among the top gainers of group A with an increase of 1.53% and 0.63% along with Hero MotoCorp Limited and Asian Paints Limited with an increase of 0.61% and 0.47% respectively, while the top losers of group A includes Sun Pharmaceuticals Industries Limited and Vedanta Limited with a decrease of 4.79%and 4.66% along with Tata Steel Limited and Bharat Heavy Electricals Limited with a decrease of 4.61% and 3.90% at the close of the markets. The Auto sector is down 92.40 points at18,400.91 while the Banking sector is down 289.71 points at 19,373.09 and the Realty sector is down 36.30 points at 1,344.66. The Indian currency was 0.40% down at Rs 65.75 per dollar.

BSE closes 37.67 points down on November 4

New Delhi, Nov 4 (ANI): Trading at the Bombay Stock Exchange today closed 37.67 points down to stand at 26,552.92. At the National Stock Exchange the Nifty closed 20.50 points down to stand at 8,040.20. TATA MOTORS LTD and JAIN IRRIGATION SYSTEMS LTD were among the top gainers of group A with an increase of 6.33% and 5.74% along with REDINGTON (INDIA) LTD and UNITED BREWERIES LTD with an increase of 5.71% and 4.86% respectively, while the top losers of group A includes Cox and Kings Limited and Godrej Properties Ltd with a decrease of 4.88% and 4.11% along with Manappuram Finance Ltd and Adani Enterprises Ltd with a decrease of 3.51% and 3.51% at the close of the markets. The Auto sector is up 306.86 points at 18,493.31 while the Banking sector is down 95.26 points at 19,662.80 and the Realty sector is down 1.55 points at 1,380.96. The Indian currency was 0.15% down at Rs 65.55 per dollar.

BSE closes 31.44 points up on November 3

New Delhi, Nov 3 (ANI): Trading at the Bombay Stock Exchange today closed 31.44 points up to stand at 26,590.59. At the National Stock Exchange the Nifty closed 9.90 points up to stand at 8,060.70. NTPC Limited and Power Grid Corporation of India Limited were among the top gainers of group A with an increase of 2.41% and 2.33% along with ACC Limited and Mahindra and Mahindra Limited with an increase of 1.91% and 1.75% respectively, while the top losers of group A includes Asian Paints Limited and Lupin Limited with a decrease of 1.92% and 1.61% along with Tata Steel Limited and Tata Motors Limited with a decrease of 1.57% and 1.46% at the close of the markets. The Auto sector is down 8.89 points at 18,166.49 while the Banking sector is down 21.31 points at 19,758.06 and the Realty sector is down 1.64 points at 1,382.51. The Indian currency was 0.02% up at Rs 65.60 per dollar.

Moody's terms Indian banking system from 'negative' to 'stable'

Mumbai, Nov 02 (ANI): International ratings agency Moody's on Monday upgraded India's banking system to 'stable' from 'negative'. Vice President and Senior Credit Officer Srikanth Vadlamani said that due to an improvement in operating environment for banks, he believes that the non-performing loans (NPLs) would still grow but the government infusing 70,000 cr in the banking system which would recapitalize and help and aid the public sector banks. Moody's rated 15 banks in India that together account for around 70 percent of system assets. Four are private-sector banks and the remaining 11 are PSU banks.

Jaitley hopes low interest rates, inflation to stay

Mumbai, Oct 31 (ANI): Finance Minister Arun Jaitley on Saturday said he hoped interest rates and inflation remained low to help revive the Indian economy. Last month, the central bank cut its policy interest rate to a 4-1/2 year low of 6.75 percent, in a bigger-than-expected move, which, along with low levels of inflation, is expected to help a slowing economy. Jaitley also said the government would soon announce measures to deal with the debts faced by the power industry. Globally, central banks are fighting to contain concerns over deflation, as prices continue to fall in most eurozone countries, Japan and China. India, however, is one of the brighter spots, with the economy picking up after two years of sub-par growth, reflecting in part a recovery in business confidence since Prime Minister Narendra Modi swept to power with a landslide election victory last May.

BSE closes 181.31 points down on October 30

New Delhi, Oct 30 (ANI): Trading at the Bombay Stock Exchange today closed 181.31 points down to stand at 26,656.83. At the National Stock Exchange the Nifty closed 45.95 points down to stand at8,065.80. Jet Airways (India) Ltd and Atul Ltd were among the top gainers of group A with an increase of11.15% and 8.11% along with TTK Prestige Ltd and The Ramco Cements Limited with an increase of 7.11% and 6.29% respectively, while the top losers of group A includes Mphasis Ltd and Wockhardt Ltd with a decrease of 7.63% and 6.50% along with Vedanta Ltd and Apollo Tyres Ltd with a decrease of 6.41% and 6.22% at the close of the markets. The Auto sector is down 221.04 points at 18,166.21 while the Banking sector is up 179.89 points at 19,773.88 and the Realty sector is down 19.32 points at 1,371.63. The Indian currency was 0.02% up at Rs 65.30 per dollar.

BSE closes 201.62 points down on October 29

New Delhi, Oct 29 (ANI): Trading at the Bombay Stock Exchange today closed 201.62 points down to stand at 26,838.14. At the National Stock Exchange the Nifty closed 59.45 points down to stand at 8,111.75. Yes Bank Limited and Dr. Reddy's Laboratories Limited were among the top gainers of group A with an increase of 2.25% and 2.22% along with Vedanta Limited andLupin Limited with an increase of 2.14% and 0.87% respectively, while the top losers of group A includes Bharat Heavy Electricals Limited and Bharat Petroleum Corporation Limited with a decrease of 4.43% and 3.40% along with Axis Bank Limited and Coal India Limited with a decrease of 3.12% and 2.85% at the close of the markets. The Auto sector is up 6.70 points at 18,387.25 while the Banking sector is down 217.31 points at 19,593.99 and the Realty sector is down 5.61points at 1,390.95. The Indian currency was 0.37% up at Rs 65.16 per dollar.

BSE closes 108.52 points down on October 27

New Delhi, OCT 28 (ANI): Trading at the Bombay Stock Exchange today closed 213.68 points down to stand at 27,039.76. At the National Stock Exchange the Nifty closed 61.70 points down to stand at 8,171.20. Cipla Limited and Kotak Mahindra Bank Limited were among the top gainers of group A with an increase of 2.52% and 1.95% along with Tech Mahindra Limited andAmbuja Cements Limited with an increase of 1.88% and 1.53% respectively, while the top losers of group A includes Axis Bank Limited and ICICI Bank Limited with a decrease of 7.20% and 3.82% along with Adani Ports and Special Economic Zone Limited and IndusInd Bank Limited with a decrease of 3.24% and 3.20% at the close of the markets. The Auto sector is down 120.77points at 18,380.55 while the Banking sector is down 513.67 points at 19,811.30 and the Realty sector is down 17.52 points at 1,396.56. The Indian currency was 0.07% up at Rs 65.01 per dollar.

Jaitley launches E-Sahyog and PAN camps

New Delhi, Oct 27 (ANI): Finance Minister Arun Jaitley on Tuesday launched E-Sahyog and PAN camps, to improve services of the Income Tax Department, and said that it will help in tracing the transactions within the system which do not get reflected in the tax returns. He said eventually the idea is to capture some part of transactions within the system, so that if those don't get reflected in the tax returns, questions can be asked. He added the object of the income tax department is to make life as easy as possible for assesses and difficult only for those who consciously evade and avoid. Jaitley further said that a committee has been constituted to simplify the provisions of Income Tax Act. E-sahyog is a paperless initiative of the Central Board of Direct Taxes (CBDT) under which notices to assesses would be sent to their emails. The PAN camps are aimed at expanding the coverage of number of people through the Permanent Account Number.

SEBI tables concern with rating agencies amid worries in corp debt investments

Mumbai, Oct 27 (ANI): In the wake of growing worries about corporate debt investments, Securities and Exchange Board of India (SEBI) chief UK Sinha on Tuesday (October 27) said the security market regulator has called the rating agencies and tabled his concerns. Sinha's comments came amid growing worries about corporate debt investments by asset managers after a unit of JP Morgan in India suffered significant mark-to-market losses in late August when auto-parts maker Amtek Auto Ltd's debt was downgraded by rating agencies. Sinha noted that SEBI would come out with a new set of regulations for the distribution of mutual fund products, "hopefully" in a couple months. Meanwhile, according to reports, SEBI has asked the industry to be more careful with investments and procedures. Sinha added that SEBI is taking desired steps and has put forward its concern with the rating agencies.

RBI to set up expert body to combat cyber crime

Hyderabad, Oct 24 (ANI): Reserve Bank of India (RBI) will set up an expert body to combat challenges of hacking and other cyber crimes, said its chief Raghuram Rajan. Rajan said that cyber security has attracted the attention of banking regulators and could soon be a "major part" of their routine examinations of banks. He added that banking regulators needed to address these concerns as cyber security threats become more prevalent and sophisticated and that cyber crime was a problem faced by banks and corporations worldwide. Earlier this month, online foreign exchange broker FXCM became the latest US corporation to become a victim of a cyber security attack, adding to a list that includes Target Corp, Apple and JPMorgan.

BSE closes 19.17 points down on October 21

New Delhi, Oct 21 (ANI): Trading at the Bombay Stock Exchange today closed 19.17 points down to stand at 27,287.66. At the National Stock Exchange the Nifty closed 9.95 points down to stand at 8,251.70. Hindustan Construction Co. Ltd and Mphasis Ltd were among the top gainers of group A with an increase of 11.69% and 8.57% along with Jubilant Life Sciences Limited and Shree Renuka Sugars Ltd with an increase of 7.00% and 6.29% respectively, while the top losers of group A includes Federal Bank Ltd and SREI Infrastructure Finance Ltd with a decrease of 12.08% and 4.64% along with Indiabulls Real Estate Ltd and Shriram Transport Finance Co. Ltd with a decrease of 4.58% and 4.28% at the close of the markets. The Auto sector is up 38.12 points at 18,529.14 while the Banking sector is down 156.18 points at 20,214.75 and the Realty sector is down 25.99 points at 1,423.62. The Indian currency was 0.12% up at Rs 65.14 per dollar.

BSE closes 58.09 points down on October 20

New Delhi, Oct 20 (ANI): Trading at the Bombay Stock Exchange today closed 58.09 points down to stand at 27,306.83. At the National Stock Exchange the Nifty closed 13.40 points down to stand at 8,261.65. Bosch Limited and Tata Power Company Limited were among the top gainers of group A with an increase of 2.12% and 1.94% along with Power Grid Corporation of India Limited and Tata Consultancy Services Limited with an increase of 1.61% and 1.38% respectively, while the top losers of group A includes Vedanta Limited and Cairn India Limited with a decrease of 6.43% and 3.79% along with Tata Steel Limited and Hindalco Industries Limited with a decrease of 3.20% and 2.65% at the close of the markets.The Auto sector is up 55.31 points at 18,491.02 while the Banking sector is down 18.07 points at 20,370.93 and the Realty sector is down 9.66 points at 1,449.61. The Indian currency was 0.20% up at Rs 64.93 per dollar.

BSE closes 150.32 points up on October 19

New Delhi, Oct 19 (ANI): Trading at the Bombay Stock Exchange today closed 150.32 points up to stand at 27,364.92. At the National Stock Exchange the Nifty closed 36.90 points up to stand at 8,275.05. Reliance Industries Limited and Bharti Airtel Limited were among the top gainers of group A with an increase of 5.50% and 3.85 % along with HCL Technologies Limited and Hindustan Unilever Limited with an increase of 2.12 and 2.04 % respectively, while the top losers of group A includes Oil and Natural Gas Corporation Limited and Tata Steel Limited with a decrease of 2.31% and 2.00% along with Tata Motors Limited and UltraTech Cement Limited with a decrease of 1.90% and 1.84% at the close of the markets. The Auto sector is down 66.07 points at 18,435.71 while the Banking sector is down 70.99 points at 20,389.00 and the Realty sector is up 19.67 points at 1,459.27. The Indian currency was 0.01 % up at Rs 64.81 per dollar.

BSE closes 204.46 points up on October 16

New Delhi, Oct 16 (ANI): Trading at the Bombay Stock Exchange today closed 204.46 points up to stand at 27,214.60. At the National Stock Exchange the Nifty closed 58.65 points up to stand at 8,238.15. State Bank of India and Larsen and Toubro Limited were among the top gainers of group A with an increase of 3.11 % and 2.98 % along with Bharat Petroleum Corporation Limited and Yes Bank Limited with an increase of 1.91 % and 1.89 % respectively, while the top losers of group A includes Lupin Limited and Adani Ports and Special Economic Zone Limited with a decrease of 2.20% and 1.76% along with Idea Cellular Limited and Bank of Baroda with a decrease of 1.51% and 1.22% at the close of the markets.The Auto sector is up 107.60 points at 18,449.41 while the Banking sector is up 14.84 points at 20,213.23 and the Realty sector is down 19.67 points at 1,422.92. The Indian currency was 0.07 % up at Rs 64.86 per dollar.

BSE closes 230.48 points up on October 15

New Delhi, Oct 15 (ANI): Trading at the Bombay Stock Exchange today closed 230.48 points up to stand at 27,010.14. At the National Stock Exchange the Nifty closed 71.60 points up to stand at 8,179.50. Adani Enterprises Ltd and Hathway Cable and Datacom Ltd were among the top gainers of group A with an increase of 14.02 % and 10.61 % along with Zee Entertainment Enterprises Ltd and Tata Motors Ltd with an increase of 8.53 % and 8.06% respectively, while the top losers of group A includes DCB Bank Limited and Kaveri Seed Company Ltd with a decrease of 13.53% and 3.32% along with Alok Industries Ltd and Shree Renuka Sugars Ltd with a decrease of 3.24% and 3.01% at the close of the markets. The Auto sector is up 417.16 points at 18,341.81 while the Banking sector is up 178.34 points at 20,198.39 and the Realty sector is up 12.79 points at 1,442.59. The Indian currency was 0.30 % down at Rs 64.84 per dollar.