Page 47 - Companies

BSE closes 66.87 points down on October 14

New Delhi, Oct 14 (ANI): Trading at the Bombay Stock Exchange today closed 66.87 points down to stand at 26,779.66. At the National Stock Exchange the Nifty closed 23.80 points down to stand at 8,107.90. TTK Prestige Ltd and Gujarat State Petronet Ltd were among the top gainers of group A with an increase of 11.99% and 7.17% along with Alok Industries Ltd and Delta Corp Ltd with an increase of7.08% and 5.08% respectively, while the top losers of group A includes DCB Bank Limited and Bharat Forge Ltd with a decrease of 19.97% and 4.62% along with TATA Consultancy Services Ltd and ZEE Entertainment Enterprises Ltd with a decrease of 4.39% and 3.88% at the close of the markets. The Auto sector is down 129.53 points at 17,924.65 while the Banking sector is down 16.10 points at 20,020.05 and the Realty sector is down 2.23 points at 1,429.80. The Indian currency was 0.22% down at Rs 65.04 per dollar.

BSE closes 57.58 points down on October 13

New Delhi, Oct 13 (ANI): Trading at the Bombay Stock Exchange today closed 57.58 points down to stand at 26,846.53. At the National Stock Exchange the Nifty closed 11.90 points down to stand at 8,131.70.Jet Airways (India) Ltd and IFCI Ltd were among the top gainers of group A with an increase of 12.25% and 9.59% along with Finolex Cables Ltd and Hindalco NCC Limited with an increase of 7.53% and 7.29% respectively, while the top losers of group A includes Idea Cellular Ltd and Future Retail Ltd with a decrease of 3.84% and 3.68% along with IL and FS Transportation Networks Ltd and Gujarat Pipavav Port Ltd with a decrease of 3.58% and 3.54% at the close of the markets. The Auto sector is up 4.31 points at 18,054.18 while the Banking sector is up 37.26 points at 20,036.15 and the Realty sector is up 18.51 points at 1,432.03. The Indian currency was 0.52% up at Rs 65.08 per dollar.

BSE closes 175.40 points down on October 12

New Delhi, Oct 12 (ANI): Trading at the Bombay Stock Exchange today closed 175.40 points down to stand at 26,904.11. At the National Stock Exchange the Nifty closed 46.10 points down to stand at 8,143.60. Coromandel International Ltd and Adani Power Ltd were among the top gainers of group A with an increase of 11.94% and 10.50% along with Vedanta Ltd and Hindalco Industries Ltd with an increase of 7.00% and 5.98% respectively, while the top losers of group A includes Shree Renuka Sugars Ltd and SREI Infrastructure Finance Ltd with a decrease of 6.26% and 4.62% along with Bharti Infratel Ltd and Emami Ltd with a decrease of 4.40% and 4.37% at the close of the markets. The Auto sector is up 40.66 points at 18,049.87 while the Banking sector is up 14.17 points at 20,073.41 and the Realty sector is down 5.05 points at 1,413.52. The Indian currency was 0.17% up at Rs 64.85 per dollar.

Infosys trims revenue forecast, sends shares skidding

Bengaluru, Oct 12 (ANI): Infosys, India's second-largest software services exporter by revenue, cut on Monday its fiscal year 2016 revenue forecast as broad weakness in IT spending and a stronger dollar are making clients wary, sending its shares sliding as much as 5 percent. Infosys, reporting earnings for the second quarter, did not say why it cut the forecast to an expected increase in annual dollar revenues of 6.4 to 8.4 percent. Earlier, the company had forecast 7.2 to 9.2 percent growth. On a constant currency basis, guidance was unchanged. In September, rival Accenture Plc gave a weak forecast for the first quarter, due mainly to a stronger dollar. Infosys also announced the departure of its chief financial officer, Rajiv Bansal. It did not give a reason for Bansal's leaving, but said he is being replaced by MD Ranganath, who is currently head of strategic operations, in charge of risk management, strategy and mergers and acquisitions. Analysts, on average, had expected a net pr

BSE closes 233.70 points up on October 9

New Delhi, Oct 09 (ANI): Trading at the Bombay Stock Exchange today closed 233.70 points up to stand at 27,079.51. At the National Stock Exchange the Nifty closed 60.35 points up to stand at 8,189.70. Vedanta Limited and Hathway Cable and Datacom Ltd were among the top gainers of group A with an increase of 11.58% and 11.32% along with SREI Infrastructure Finance Ltd and Suzlon Energy Ltd with an increase of 10.99% and 8.13% respectively, while the top losers of group A includes Gujarat Pipavav Port Ltd andJubilant Life Sciences Ltd with a decrease of 4.46% and 4.46% along with PMC Fincorp Limited and Ceat Ltd with a decrease of 4.31% and 3.97% at the close of the markets. The Auto sector is up 75.81 points at 18,009.21 while the Banking sector is up 101.83 points at 20,059.24 and the Realty sector is up 0.51 points at1,418.57. The Indian currency was 0.43% down at Rs 64.77 per dollar.

BSE closes 190.04 points down on October 8

New Delhi, Oct 8 (ANI): Trading at the Bombay Stock Exchange today closed 190.04 points down to stand at 26,845.81. At the National Stock Exchange the Nifty closed 48.05 points down to stand at 8,129.35. Shree Renuka Sugars Ltd and RattanIndia Power Limited were among the top gainers of group A with an increase of 8.40% and 4.96 % along with Mcleod Russel India Ltd and Muthoot Finance with an increase of 4.93 %% and 3.51% respectively, while the top losers of group A includes Bharti Infratel Ltd and PMC Fincorp Limited with a decrease of 4.98% and 4.13 % along with DIVI Laboratories Ltd and GLENMARK PHARMACEUTICALS LTD with a decrease of 4.04 % and 3.84 % at the close of the markets. The Auto sector is down 96.37 points at 17,933.40 while the Banking sector is down 155.78 points at 19,957.41 and the Realty sector is down 7.26 points at 1,418.06. The Indian currency was 0.18 % up at Rs 65.10 per dollar.

BSE closes 102.97 points up on October 7

New Delhi, Oct 7 (ANI): Trading at the Bombay Stock Exchange today closed 102.97 points up to stand at 27,035.85. At the National Stock Exchange the Nifty closed 24.50 points up to stand at 8,177.40. Shree Renuka Sugars Ltd and Unitech Ltd were among the top gainers of group A with an increase of 18.09% and 15.79% along with Gati Ltd and RattanIndia Power Limited with an increase of 12.23% and 10.85% respectively, while the top losers of group A includes India Cements Ltd and Jindal Steel and Power Ltd with a decrease of 5.71% and 5.14% along with Jubilant FoodWorks Ltd and HCL Technologies Ltd with a decrease of 4.85% and 4.24% at the close of the markets. The Auto sector is up 243.48 points at 18,029.77 while the Banking sector is up 2.56 points at 20,113.19 and the Realty sector is up 26.53 points at 1,425.32. The Indian currency was 0.58% down at Rs 65.03 per dollar.

BSE closes 147.33 points up on October 6

New Delhi, Oct 6 (ANI): Trading at the Bombay Stock Exchange today closed 147.33 points up to stand at 26,932.88. At the National Stock Exchange the Nifty closed 33.60 points up to stand at 8,152.90. Shree Renuka Sugars Ltd and Amtek Auto Ltd were among the top gainers of group A with an increase of 12.91% and 10.65% along with Balrampur Chini Mills Ltd and Kaveri Seed Company Ltd with an increase of 8.71% and 8.34% respectively, while the top losers of group A includes Rural Electrification Corporation Ltd and TV 18 Broadcast Ltd with a decrease of 4.21% and 3.59% along with Emami Ltd and Piramal Enterprises Ltd with a decrease of 3.57% and 2.22% at the close of the markets. The Auto sector is up 107.59 points at 17,786.29 while the Banking sector is down 45.66 points at 20,110.63 and the Realty sector is up 12.01 points at 1,398.79. The Indian currency was 0.18% down at Rs 65.40 per dollar.

BSE closes 564.60 points up on October 5

New Delhi, Oct 5 (ANI): Trading at the Bombay Stock Exchange today closed 564.60 points up to stand at 26,785.55. At the National Stock Exchange the Nifty closed 168.40 points up to stand at 8,119.30. Hindustan Construction Co.Ltd and Jindal Steel and Power Ltd were among the top gainers of group A with an increase of 19.33% and 15.22% along with Power Finance Corporation Ltd and Eclerx Services Ltd with an increase of 11.13% and 9.33% respectively, while the top losers of group A includes Gateway Distriparks Ltd and Maruti Suzuki India Ltd with a decrease of 3.61% and 3.59% along with TTK Prestige Ltd and Polaris Consulting and Services Limited with a decrease of 3.57% and 2.75% at the close of the markets. The Auto sector is up 366.43 points at 17,678.70 while the Banking sector is up 548.11 points at 20,156.29 and the Realty sector is up 15.59 points at 1,386.78. The Indian currency was 0.38% down at Rs 65.26 per dollar.

BSE closes 66.12 points up on October 1

New Delhi, Oct 1 (ANI): Trading at the Bombay Stock Exchange today closed 66.12 points up to stand at 26,220.95. At the National Stock Exchange the Nifty closed 2.00 points up to stand at 7,950.90. Bharti Infratel Ltd and India Cements Ltd were among the top gainers of group A with an increase of 11.88% and 5.51% along with PMC Fincorp Limited and G Vakrangee Limited with an increase of 4.95% and 4.34% respectively, while the top losers of group A includes IDFC Ltd and HCL Technologies Ltd with a decrease of 57.32% and 12.65% along with JSW Energy Ltd and Essar Oil Ltd with a decrease of 4.90% and 3.79% at the close of the markets. The Auto sector is down 64.62 points at 17,326.46 while the Banking sector is down 73.37 points at 19,608.18 and the Realty sector is down 25.41 points at 1,371.19.The Indian currency was 0.05% down at Rs 65.55 per dollar.

BSE closes 376.17 points up on September 30

New Delhi, Sept 30 (ANI): Trading at the Bombay Stock Exchange today closed 376.17 points up to stand at 26,154.83. At the National Stock Exchange the Nifty closed 105.60 points up to stand at 7,948.90. RattanIndia Power Limited and Gvk Power and Infrastructure Ltd were among the top gainers of group A with an increase of 12.15% and 10.06% along with Monsanto India Ltd and Godrej Properties Ltd with an increase of 8.40% and 7.58% respectively, while the top losers of group A includes Dish Tv India Ltd and Shree Renuka Sugars Ltd with a decrease of 3.81% and 3.74% along with IDBI Bank Ltd and Union Bank Of India with a decrease of 3.20% and 2.78% at the close of the markets. The Auto sector is up 247.15 points at 17,391.08 while the Banking sector is down 87.60 points at 19,681.55 and the Realty sector is up 28.05 points at 1,396.60. The Indian currency was 0.38% down at Rs 65.71 per dollar.

Hero Motocorp launches Hero Maestro Edge and unveils Hero Duet

New Delhi, September 29 (ANI): Making its entry in the market after two years of being showcased at the 2014 Delhi Auto Expo, Hero MotoCorp India has launched Maestro Edge and unveiled Hero Duet in the capital. The 110cc Maestro Edge is a premium product making a bold statement with its dynamic design and features. The Maestro Edge boasts of several new features like twin parking lamp, remote fuel lid and seat opening and digi-analogue dashboard. The Duet comes with a metal body, making it sturdy and durable. Designed for a wide spectrum of customers, its array of features provides the rider with convenience like never before for a great riding experience. Both scooters attributes multiple safety and convenience features including the side stand indicator, front luggage box, boot light and throttle position sensor (TPS).The Maestro Edge will be launched across markets on October 13th with a starting price of Rs. 49,500 (Ex-showroom Delhi) for the LX version and Rs. 50,700 (Ex-showroom

BSE closes 161.82 points up on September 29

New Delhi, Sept 29 (ANI): Trading at the Bombay Stock Exchange today closed 161.82 points up to stand at 25,778.66. At the National Stock Exchange the Nifty closed 47.60 points up to stand at 7,843.30.Housing Development and Infrastructure Ltd and LIC Housing Finance Ltd were among the top gainers of group A with an increase of 9.83% and 6.28% along with Bajaj Finance Limited and CONTAINER CORPORATION OF INDIA LTD with an increase of 5.97% and 5.88% respectively, while the top losers of group A includes BF Utilities Ltd and Vedanta Limited with a decrease of 5.61% and 5.43% along with Bharti Infratel Ltd and PMC Fincorp Limited with a decrease of 5.30% and 4.90% at the close of the markets. The Auto sector is up 128.54 points at 17,143.93 while the Banking sector is up 141.06 points at 19,734.03 and the Realty sector is up 26.67 points at 1,368.55.The Indian currency was 0.02% up at Rs 66.05 per dollar.

Indian trade unions criticise ITUC for faulty fund utilization

New Delhi, Sep 29 (ANI): The Indian economy reportedly suffered a loss of Rs 25,000 crores due to the September 2 nation-wide strike by central trade unions in protest against labour reforms proposed by the Narendra Modi-led NDA regime, and impacted most essential services. Sharan Burrow, the general secretary of the Brussels-based International Trade Union Confederation (ITUC), the world's largest trade union body, reportedly questioned the Government's intentions in working to improve labour standards. G. Sanjeeva Reddy, vice president of ITUC and president of INTUC, and a former member of parliament, however, also expressed his dissatisfaction with the high membership fees, amounting to lakhs of rupees, being paid to the ITUC. Virjesh Upadhyay, general secretary of the Bharatiya Mazdoor Sangh, also voiced his objection on the ITUC's meddling nature. Misutilisation of funds has been the central theme in every criticism of ITUC. It is being reported that they have allegedly paid thous

Investment needed on tepid capacity utilisation to modulate long-term inflation says Rajan

Mumbai, Sep 29 (ANI): Reserve Bank of India Governor Raghuram Rajan said on Tuesday in Mumbai that corporate investment is needed on tepid capacity utilisation to modulate long-term inflation while replying to the rationale of reaching to 50 bps for the repo rate cut. He also said that RBI has to make sure that India achieves growth along with sustainability amidst the global economic turmoil which is not easing anytime soon. On being questioned of Rajan's approach towards the repo rate whether it was 'Hawkish' he grinned and said he does what he feels is right. Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16.

Jaitley welcomes repo rate cut of 50 bps bringing it to 6.75% by RBI

New Delhi, Sep 29 (ANI): Union Finance Minister Arun Jaitley on Tuesday welcomed the repo rate cut of 50 bps bringing it to 6.75% by RBI. Jaitley apprised that a constant vigilance is required to regulate inflation though this rate itself indicates that inflation has moderated. The Chief Economic Advisor Arvind Subramanian also expressed that it is very positive that RBI is more accommodative for the dynamism that persists. Reserve Bank of India Governor Raghuram Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16.

RBI cuts repo rate by 50bps to 6.75%; CRR remains static at 4%

Mumbai, Sep 28 (ANI): Reserve Bank of India Governor Raghuram Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16. Rajan said that January 2016 target of 6% inflation is likely to be achieved so as of now the focus shifts to bringing down the inflation at 5%. He further mentioned that RBI shall continue to be vigilant for signs that monetary policy adjustments are needed to keep economy on target disinflationary path thus coping with dynamism. He also ensured that all the measures are taken in accordance with the weak global cues.

BSE closes 246.66 points down on September 28

New Delhi, Sept 28 (ANI): Trading at the Bombay Stock Exchange today closed 246.66 points down to stand at 25,616.84. At the National Stock Exchange the Nifty closed 72.80 points down to stand at 7,795.70. Rajesh Exports Ltd and Balrampur Chini Mills Ltd were among the top gainers of group A with an increase of 12.27% and 11.47% along with IDBI Bank Ltd and PTC India Ltd with an increase of 6.97% and 6.61% respectively, while the top losers of group A includes TATA Motors Ltd and Motherson Sumi Systems Ltd with a decrease of 6.06% and 4.88% along with Bharti Infratel Ltd and Sun Tv Network Ltd with a decrease of 4.79% and 4.76% at the close of the markets. The Auto sector is down 301.20 points at 17,015.39 while the Banking sector is down 103.24 points at 19,592.97 and the Realty sector is up 13.63 points at 1,341.88. The Indian currency was 0.09% down at Rs 66.10 per dollar.

BSE closes 40.51 points up on September 24

New Delhi, Sept 24 (ANI): Trading at the Bombay Stock Exchange today closed 40.51 points up to stand at 25,863.50. At the National Stock Exchange the Nifty closed 22.55 points up to stand at7,868.50. South Bank and Oberoi Realty Ltd. were among the top gainers of group A with an increase of 11.37% and 9.17% along with Rajesh Expo and Tv18 Broadcast Ltd with an increase of 6.92% and6.73% respectively, while the top losers of group A includes Sunrise Asian Limited and PMCFIN with a decrease of 4.97% and 4.46% along with Container Corporation of India Ltd. and ONGC with a decrease of 4.01% and 3.66% at the close of the markets. The Auto sector is up 16.85 points at 17,316.59 while the Banking sector is down 71.21 points at 19,714.21 and the Realty sector is up 7.77points at 1,328.25. The Indian currency was 0.23% down at Rs 66.13 per dollar.

India gets its first Made-in-India Sports Car-DC Avanti

Pune, Sep 24 (ANI): India's top car designer Dilip Chhabria launched country's first sports car, DC Avanti, in Pune city. The much awaited car has been priced between 25-35 lakh rupees, according to reports. Chhabria said that the first Made-in-India sports car was designed keeping the young speed lovers in mind. A product of AadiVenoo owned by Chhabria, the Avanti measures 4,550mm in length, 1,965mm in width, and 1,200mm in height. The car has a Renault-sourced 2.0-litre turbo Euro 5 compliant petrol engine and a six-speed manual transmission. The highest speed of the car is electronically limited to 200 kilometers per hour (kmph). It will be available in the market in red, white and silver colours.