Page 52 - Companies

BSE closes points 74.70 down on June 24

New Delhi, June 23 (ANI): Trading at the Bombay stock exchange today closed 74.70 points down to stand at 27,729.67. At the national stock exchange the nifty closed 20.70 points down to stand at 8,360.85. COROMANDEL and BHEL were among the top gainers of group A with an increase of 4.10% and 4.06% along with WELCORP and AUROPHARMA with an increase of 3.35% and 3.34% respectively, while the top losers of group A include PERSISTENT and SUNTV with a decrease of 12.68% and 8.96% along with JP ASSOCIATES and VOLTAS with a decrease of 6.00% and 5.42% at the close of the markets. The auto sector is down 150.70 points at 18,621.79 while the banking sector is down 44.21 points at 21,046.80 and the realty sector is down 13.21 points at 1,411.84. The Indian currency is down 0.20% at Rs 63.65 per dollar.

SEBI relaxes listing, fund-raising norms for start-ups

Mumbai, June 24 (ANI): Market regulator Securities and Exchange Board of India (SEBI) plans to set up an alternative trading platform for internet start-ups, relaxing some of its requirements in an effort to encourage these companies to list at home instead of overseas. SEBI said the Institutional Trading Platform will be open to a broad range of technology companies, according to a statement released after its quarterly board meeting. The relaxed requirements include reducing the lock-in period for investors in start-ups to six months compared with three years for some initial public offerings (IPOs) and diluting disclosure standards for companies, SEBI said. The rules, which were widely expected, are aimed at luring start-ups that may have considered an overseas listing, given India has stringent requirements for regular IPOs.

BSE closes points 74.16 up on June 23

New Delhi, June 23 (ANI): Trading at the Bombay stock exchange today closed 74.16 points up to stand at 27,804.37. At the national stock exchange the nifty closed 28.45points up to stand at 8,381.55. Jaypee Infratech Ltd. and ADANI POWER LTD. were among the top gainers of group A with an increase of 9.88% and 6.96% along with UNION BANK OF INDIA and RAJESH EXPORTS LTD. with an increase of 5.51% and 5.43% respectively, while the top losers of group A include GUJARAT STATE FERTILIZERS and CHEMICALS LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.82% and 4.58% along with FUTURE RETAIL LTD. and UCO BANK with a decrease of 3.20% and 3.16% at the close of the markets. The auto sector is up 23.71 points at 18,770.10 while the banking sector is up 87.23 points at 21,109.43 and the realty sector is up 4.67 points at 1,425.05.The Indian currency is up 0.13% at Rs 63.59per dollar.

Vishal Sikka touches Narayana Murthy's feet

Infosys CEO Vishal Sikka touches the feet of N R Narayana Murthy at the company's AGM in Bengaluru on Monday.

BSE closes points 614.38 up on June 22

New Delhi, June 22 (ANI): Trading at the Bombay stock exchange today closed 614.38 points up to stand at 27,730.21. At the national stock exchange the nifty closed 128.15 points up to stand at 8,353.10. INDIABULLS REAL ESTATE LTD. and Jaiprakash Power Ventures Limited were among the top gainers of group A with an increase of 30.20% and 12.52% along with GMR INFRASTRUCTURE LTD. and KARNATAKA BANK LTD. with an increase of 9.43% and 8.64% respectively, while the top losers of group A include KAILASH AUTO FINANCE LTD. and ESSAR OIL LTD. with a decrease of 8.64% and 4.70% along with BALRAMPUR CHINI MILLS LTD. and BHARTI AIRTEL LTD. with a decrease of 2.31% and 2.25% at the close of the markets. The auto sector is up 186.15 points at 18,746.39 while the banking sector is up 536.27 points at 21,022.20 and the realty sector is down 68.24 points at 1,420.38.The Indian currency is down 0.05% at Rs 63.52per dollar.

BSE closes points 283.17 up on June 18

New Delhi, June 18 (ANI): Trading at the Bombay stock exchange today closed 283.17 points up to stand at 27,115.83. At the national stock exchange the nifty closed 83.05 points up to stand at 8,174.60. RattanIndia Power Limited and ESSAR OIL LTD. were among the top gainers of group A with an increase of 19.20% and 9.98% along with GRUH FINANCE LTD. and HINDUSTAN CONSTRUCTION CO.LTD. with an increase of 8.16% and 6.17% respectively, while the top losers of group A include Amtek Auto Ltd. and Syndicate Bank with a decrease of 12.48% and 5.02% along with Bharti Infratel Ltd. and Union Bank Of India with a decrease of 3.66% and 3.44% at the close of the markets. The auto sector is up 213.86 points at 18,450.40 while the banking sector is up 170.17 points at 20,311.11 and the realty sector is down 2.86 points at 1,362.40. The Indian currency is down 0.50% at Rs 63.79 per dollar.

BSE closes points 146.15 up on June 17

New Delhi, June 17 (ANI): Trading at the Bombay stock exchange today closed 146.15 points up to stand at 26,832.66. At the national stock exchange the nifty closed 44.25 points up to stand at 8,091.55.INDIAN HOTELS CO.LTD. and TRENT LTD. were among the top gainers of group A with an increase of 6.34% and 6.11% along with DISH TV INDIA LTD. and Den Networks Ltd with an increase of 5.99 % and 5.91 % respectively, while the top losers of group A include PMC Fincorp Limited and Vedanta Ltd with a decrease of 4.25 % and 3.14% along with VIDEOCON INDUSTRIES LTD. and POWER GRID CORPORATION OF INDIA LTD. with a decrease of 2.55% and 2.22 % at the close of the markets. The auto sector is up 146.24 points at 18,236.54 while the banking sector is down 29.77 points at 20,140.94 and the realty sector is up 5.18 points at 1,365.26. The Indian currency is down 0.13 % at Rs 64.16 per dollar.

BSE closes points 99.96 up on June 16

New Delhi, June 16 (ANI): Trading at the Bombay stock exchange today closed 99.96 points up to stand at 26,686.51. At the national stock exchange the nifty closed 33.40 points up to stand at 8,047.30. JETAIRWAYS and CENTURYTEX were among the top gainers of group A with an increase of 14.02% and 7.87% along with OBEROIRLTY and NCC with an increase of 6.32% and 4.94% respectively, while the top losers of group A include IDEA and PMCFIN with a decrease of 3.76% and 3.71% along with JPPOWER and ADANI ENTERPRISES LTD. with a decrease of 3.48% and 3.48% at the close of the markets. The auto sector is up 193.86 points at 18,090.30 while the banking sector is up 174.22 points at 20,170.71 and the realty sector is up 2.97 points at 1,360.08.

BSE closes points 161.25 up on June 15

New Delhi, June 15 (ANI): Trading at the Bombay stock exchange today closed 161.25 points up to stand at 26,586.55. At the national stock exchange the nifty closed 31.00 points up to stand at 8,013.90. KAILASH AUTO FINANCE LTD. and Jaiprakash Power Ventures Limited were among the top gainers of group A with an increase of 19.92% and 10.12% along with FUTURE RETAIL LTD. and jAIPRAKASH ASSOCIATES LTD. with an increase of 9.06% and 8.84% respectively, while the top losers of group A include RattanIndia Power Limited and PMC Fincorp Limited. with a decrease of 5.07% and 4.41% along with HEXAWARE TECHNOLOGIES LTD. and JET AIRWAYS (INDIA) LTD. with a decrease of 4.33% and 4.04% at the close of the markets. The auto sector is up 197.86 points at 17,896.44 while the banking sector is down 80.58 points at 19,996.49 and the realty sector is up 2.99 points at 1,357.11. The Indian currency is up 0.02% at Rs 64.07 per dollar.

India-Retail Industry

New Delhi, June 15 (ANI): Retail industry in India will get a transformational push with the collaboration between the organized, unorganized and online retail growth. The recently held conference, 'Changing face of Retail-Decoding the future', organised by Confederation of India Industry in the capital city of New Delhi, discussed about the improvisation retail industry has been showing from past some years. The industry aims to serve better services in future, as with the initiation of online segment and the positive development in the offline segment, the demand of both domestic and international retail sector presumes to upsurge. According to the Boston Consulting Group and Retailers Association of India's report titled, 'Retail 2020: Retrospect, Reinvent, Rewrite', the market is expected to double to US$ 1 trillion by 2020 from US$ 600 billion in 2015 driven by income growth, urbanisation and attitudinal shifts.

BSE closes points 54.32 down on June 12

New Delhi, June 12 (ANI): Trading at the Bombay stock exchange today closed 54.32 points up to stand at 26,460.45. At the national stock exchange the nifty closed 26.30 points up to stand at 7,991.65. ESSAR OIL and MRPL were among the top gainers of group A with an increase of 19.98% and 7.28% along with UNITECH and FRL with an increase of 5.86% and 5.49% respectively, while the top losers of group a include JP ASSOCIATE and KAILASH with a decrease of 5.70% and 5.38% along with POLARIS and PMCFIN with a decrease of 5.08% and 4.98% at the close of the markets. The auto sector is up 38.80 points at 17,727.02 while the banking sector is up 224.70 points at 20,084.56 and the realty sector is down 2.94 points at 1,354.12.

Stock market falls two percent, ends at lowest in eight months

Mumbai/ New Delhi, June 12 (ANI): India's stock markets closed nearly 2 percent lower as selling by foreign investors continued amid worries that a likely weak monsoon may delay key reforms and further cuts in borrowing costs. The 30-share Bombay Stock Exchange (BSE) Sensex fell 1.75 percent or 469.52 points to end at 26,370.98 while the broader Nifty closed 1.96 percent or 159.10 points lower at 7,965.35. A market expert Sunil Shah said that the fall in sensex was due to weak monsoons. Another Market Expert Akash Jindal also cited delay in monsoon which would lead to inflation. The 50-share Nifty broke its psychologically important 8,000 level during the day for the first time since May 7.

BSE closes points 469.52 down on June 11

New Delhi, June 11 (ANI): Trading at the Bombay stock exchange today closed 469.52 points down to stand at 26,370.98. At the national stock exchange the nifty closed 159.10 points down to stand at 7,965.15. ESSAR OIL and RAYMOND were among the top gainers of group A with an increase of 11.54% and 4.22% along with NATIONALUM and SUZLON with an increase of 4.10% and 3.88% respectively, while the top losers of group a include BHUSHAN STEEL LTD. and HCC with a decrease of 9.37% and 8.44% along with JINDAL STEEL and UNITECH with a decrease of 7.77% and 7.19% at the close of the markets. The auto sector is down 429.62 points at 17,693.48 while the banking sector is down 482.64 points at 19,859.86 and the realty sector is down 26.73 points at 1,357.50. The Indian currency is down 0.18% at Rs 63.95 per dollar.

BSE closes points 359.25 up on June 10

New Delhi, June 10 (ANI): Trading at the Bombay stock exchange today closed 359.25 points up to stand at 26,840.50. At the national stock exchange the nifty closed 102.05 points up to stand at 8,124.45. NCC Limited and DELTA CORP LTD. were among the top gainers of group A with an increase of 8.65% and 8.55% along with SHREE RENUKA SUGARS LTD. and CAIRN INDIA LTD. with an increase of 7.61% and 7.07% respectively, while the top losers of group a include BHUSHAN STEEL LTD. and Polaris Consulting and Services Limited with a decrease of 8.18% and 6.43% along with KAVERI SEED COMPANY LTD. and PMC Fincorp Limited with a decrease of 5.22% and 4.97% at the close of the markets. The auto sector is up 323.01 points at 18,117.84 while the banking sector is up 254.07 points at 20,342.50 and the realty sector is up 9.24 points at 1,384.23. The Indian currency is up 0.14 % at Rs 63.83 per dollar.

BSE closes points 41.84 down on June 9

New Delhi, June 9 (ANI): Trading at the Bombay stock exchange today closed 41.84 points down to stand at 26,481.25. At the national stock exchange the nifty closed 21.75 points down to stand at 8,022.40. KEC and NESTLE INDIA advanced research company ltd. were among the top gainers of group with an increase of 16.83% and 8.00% along with HATHWAY and SREINFRA with an increase of 7.47% and 5.07% respectively, while the top losers of group a include UNITECH and APOLLOTYRE with a decrease of 8.03% and 7.70% along with CEATLTD and BHARAT FORGE with a decrease of 6.37% and 5.22% at the close of the markets. The auto sector is down 131.34 points at 17,794.83 while the banking sector is up 20.70 points at 20,061.47 and the realty sector is down 21.50 points at 1,374.99. The Indian currency is up 0.28 % at Rs 63.90 per dollar.

BSE closes points 245.40 down on June 8

New Delhi, June 8 (ANI): Trading at the Bombay Stock Exchange today closed 245.40 points down to stand at 26,523.09. At the national stock exchange the nifty closed 70.55 points down to stand at 8,044.15. Bhushan steel ltd. and Sun Pharma advanced research company ltd. were among the top gainers of group A with an increase of 18.51% and 7.50% along with Gitanjali gems ltd. And Hindustan copper ltd. With an increase of 6.63% and 6.01% respectively, while the top losers of group a include Sun Tv network ltd. and sunrise Asian limited with a decrease of 21.73% and 13.77% along with Adani enterprises ltd. And nestle India ltd. with a decrease of 13.45% and 7.63% at the close of the markets. The auto sector is down 172.86 points at 17,926.17 while the banking sector is down 149.56 points at 20,040.77 and the realty sector is down 13.79 points at 1,396.49. The Indian currency is up 0.54 % at Rs 64.09 per dollar.

BSE closes points 44.93 down on June 5

New Delhi, June 5 (ANI): Trading at the Bombay Stock Exchange today closed 44.93 points down to stand at 26,768.49. At the National Stock Exchange the Nifty closed 15.95 points down to stand at 8,114.70.BHUSHAN STEEL LTD. and GATI were among the top gainers of Group A with an increase of 19.92% and 14.64% along with BRITANNIA and JUBILANT with an increase of 5.02% and 4.99% respectively, while the top losers of Group A include UNITECH and ILandFS Transportation Networks Ltd. with a decrease of 5.91% and 5.89% along with JAIPRAKASH ASSOCIATES LTD. and DLF with a decrease of 4.96% and 3.46% at the close of the markets. The Auto sector is down 108.65 points at 18,099.03 while the banking sector is down 190.06 points at 20,190.33 and the realty sector is down 20.60 points at 1,410.28. The Indian currency is down 0.24% at Rs 63.84 per dollar.

BSE closes points 23.78 up on June 4

New Delhi, June 4 (ANI): Trading at the Bombay Stock Exchange today closed 23.78 points down to stand at 26,813.42. At the National Stock Exchange the Nifty closed 4.45 points down to stand at 8,130.65. UNITECH and IIFL Holdings Limited were among the top gainers of Group A with an increase of 8.97% and 7.05% along with BEML LTD. and ADANI ENTERPRISES LTD. with an increase of 7.02% and 6.15% respectively, while the top losers of Group A include GATI LTD. andHINDCOPPER with a decrease of 7.27% and 6.04% along with EICHER MOTORS LTD. and REDINGTON (INDIA) LTD. with a decrease of 5.64% and 5.17% at the close of the markets. The Auto sector is down 128.68 points at 18,207.68 while the banking sector is up 17.04 points at20,380.39 and the realty sector is up 11.64 points at 1,430.88. The Indian currency is up 0.16% at Rs64.00 per dollar.

BSE closes points 351.18 down on June 3

New Delhi, June 3 (ANI): Trading at the Bombay Stock Exchange today closed 351.18points down to stand at 26,837.20. At the National Stock Exchange the Nifty closed 101.35points down to stand at 8,135.10. EDELWEISS and NIIT TECH were among the top gainers of Group A with an increase of 3.28% and 3.06% along with DEN and SKF INDIA LTD. with an increase of 2.89% and 2.86% respectively, while the top losers of Group A include UNITECH and JAIPRAKASH ASSOCIATES LTD. with a decrease of 36.31% and 20.97% along with HCC andRPOWER with a decrease of 12.36% and 11.35% at the close of the markets. The Auto sector is down 252.61 points at 18,366.12 while the banking sector is down 290.85 points at 20,363.35 and the realty sector is down 83.28 points at 1,419.24. The Indian currency is up 0.19% at Rs 63.94 per dollar.

India's Nifty falls, bonds weaken as monsoon forecast knocks rate cut hopes

Mumbai/ New Delhi, June 3 (ANI): Forecast for weak monsoon rains have raised doubts over whether the RBI could follow up Tuesday's interest rate cut with another this year. India's main share indexes lost over two percent on Tuesday. The Bombay Stock Exchange (BSE) Sensex closed 2.4 percent weaker, and the Nifty closed 2.3 percent down. The RBI cut its policy repo rate by 25 basis points to 7.25 percent, as widely expected. The RBI's statement, however, signalled caution about inflation risks if monsoon rains disappoint, while the government released a forecast that raised fears of a possible drought. A market expert, Sunil Shah, warned that bad monsoon could worsen the scenario. Another market expert, Akash Jindal said inflation is also one of the main concerns of the economy.