Page 62 - Companies

RBI chief says inflation coming down

Mumbai, Sept 15 (ANI): RBI Governor Raghuram Rajan, said on Monday that India's macroeconomic indicators are improving but Asia's third-largest economy needs to eliminate diesel subsidy completely. Rajan said data suggested that it was a matter of time that we can declare ourselves totally out of inflation. Rajan was speaking at a gathering of the Federation of Indian Chambers of Commerce and Industry (FICCI) and Indian Banks' Association (IBA) at the thirteenth edition of FIBAC. With crude oil prices falling globally, Rajan pitched in for eliminating diesel subsidies completely. Talking about the deluge in India's Kashmir, Rajan said that the central bank will work with other banks to restore normalcy in the region.

BSE closes points 65.17 up on September 12

New Delhi, Sept 12 (ANI): Trading at the Bombay Stock Exchange today closed 65.17 points up to stand at 27,061.04. At the National Stock Exchange the Nifty closed 19.80 points up to stand at 8,105.50. AMARAJABAT and OFSS were among the top gainers of Group A with an increase of 8.44% and 6.58% along with CIPLA and EXIDE INDUSTRIES LTD. with an increase of 6.38% and 6.19% respectively, while the top losers of Group A include JPINFRATEC and BHARAT FORGE LTD. with a decrease of 4.03% and 3.07% along with GODREJ CONSUMER PRODUCTS LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 2.88% and 2.87% at the close of the markets. The Auto sector is up 113.47 points at 17,928.39 while the banking sector is up 54.44 points at 18,607.01 and the reality sector is down 6.34 points at 1,757.69. The Indian currency is up 0.56% at Rs 60.94 per dollar.

BSE closes points 61.54 down on September 11

New Delhi, Sep 11 (ANI): Trading at the Bombay Stock Exchange today closed 61.54 points down to stand at 26,995.87. At the National Stock Exchange the Nifty closed 8.40 points down to stand at 8,085.70. MOTHERSON SUMI SYSTEMS LTD. and EICHER MOTORS LTD. were among the top gainers of Group A with an increase of 9.20% and 6.27% along with BHARAT FORGE LTD. and GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. with an increase of 6.24% and 5.90% respectively, while the top losers of Group A include RANBAXY and NHPC with a decrease of 4.89% and 4.69% along with SUNPHARMA and JandKBANK with a decrease of 4.47% and 3.96% at the close of the markets. The Auto sector is up 112.30 points at 17,811.19 while the banking sector is up 49.67 points at 18,549.36 and the reality sector is down 5.95 points at 1,764.07. The Indian currency is up 0.30% at Rs 60.76 per dollar.

China likely to set up industrial parks in country: Trade Minister

New Delhi, Sept 10: China is likely to announce establishment of industrial parks in India during President Xi Jinping's visit this month, Trade Minister Nirmala Sitharaman said on Wednesday. Addressing mediapersons, Sitharaman also said that India will ask China to set up manufacturing units for exports as it seeks to restore economic momentum and provide jobs for the tens of thousands of people entering the workforce each month.India is good with rich manpower, well trained manpower, we think, particularly, in activities where large scale technology driven but labour intensive production units have to be set in. No other better place can be in the globe today than in India. So the Chinese investments are being drawn.

BSE closes points 262.44 down on September 10

New Delhi, Sept 10 (ANI): Trading at the Bombay Stock Exchange today closed 262.44 points down to stand at 27,057.41. At the National Stock Exchange the Nifty closed 58.85 points down to stand at 8,094.10. SUZLON and GSPL were among the top gainers of Group A with an increase of 9.93% and 7.71% along with TORNT POWER and PIPAVAV DEFENCE AND OFFSHORE ENG LTD. with an increase of 6.09% and 5.00% respectively, while the top losers of Group A include GODREJ CONSUMER PRODUCTS LTD. and JandKBANK with a decrease of 5.06% and 4.38% along with INFRATEL and LIC HOUSING FINANCE LTD. with a decrease of 3.29% and 3.20% at the close of the markets. The Auto sector is down 73.05 points at 17,698.89 while the banking sector is down 11.40 points at 18,499.69 and the reality sector is up 10.74 points at 1,770.02. The Indian currency is down 0.47% at Rs 60.89 per dollar.

BSE closes points 54.53 down on September 9

New Delhi, Sept 9 (ANI): Trading at the Bombay Stock Exchange today closed 54.53 points down to stand at 27,265.32. At the National Stock Exchange the Nifty closed 20.95 points down to stand at 8,152.95. ASHOK LEYLAND LTD. and NHPC were among the top gainers of Group A with an increase of 5.44% and 5.14% along with IDEA and BHUSAN STEEL with an increase of 5.05% and 5.00% respectively, while the top losers of Group A include SOBHA and UNITECH with a decrease of 3.99% and 3.21% along with TORNT POWER and NATIONALUM with a decrease of 3.12% and 2.62% at the close of the markets. The Auto sector is up 64.91 points at 17,776.72 while the banking sector is down 39.20 points at 18,511.09 and the reality sector is down 19.73 points at 1,759.28. The Indian currency is down 0.46% at Rs 60.57 per dollar.

BSE closes points 151.84 up on September 2

New Delhi, Sept 2 (ANI): Trading at the Bombay Stock Exchange today closed 151.84 points up to stand at 27,019.39. At the National Stock Exchange the Nifty closed 55.35 points up to stand at 8,083.05. COROMANDEL and CIPLA were among the top gainers of Group A with an increase of 9.91% and 5.23% along with SUZLON and PETRONET with an increase of 4.88% and 4.73% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and JINDAL STEEL with a decrease of 4.98% and 3.48% along with ABB and PEL with a decrease of 2.54% and 2.48% at the close of the markets. The Auto sector is up 29.64 points at 17,551.68 while the banking sector is up 126.82 points at 18,453.30 and the reality sector is up 13.25 points at 1,787.64. The Indian currency is down 0.19% at Rs 60.64 per dollar.

BSE closes points 229.44 up on September 1

New Delhi, Sept 01 (ANI): Trading at the Bombay Stock Exchange today closed 229.44 points up to stand at 26,867.55. At the National Stock Exchange the Nifty closed 73.35 points up to stand at 8,027.70. ABB and UNITECH were among the top gainers of Group A with an increase of 10.42% and 9.43% along with APOLLOTYRE and ANDHRABANK with an increase of 8.93% and 6.72% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and GMDC LTD. with a decrease of 4.98% and 2.41% along with Bajaj Finance Limited and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with a decrease of 2.30% and 2.12% at the close of the markets. The Auto sector is up 254.31 points at 17,547.96 while the banking sector is up 322.80 points at 18,326.48 and the reality sector is up 46.95 points at 1,774.39. The Indian currency is up 0.07% at Rs 60.49 per dollar.

BSE closes points 77.96 up on August 28

New Delhi, August 28 (ANI): Trading at the Bombay Stock Exchange today closed 77.96 points up to stand at 26,638.11. At the National Stock Exchange the Nifty closed 17.25 points up to stand at 7,953.30. NATIONAL ALUMINIUM CO LTD. and TATA COMMUNICATIONS LTD were among the top gainers of Group A with an increase of 8.37% and 5.08% along with GUJARAT MINERAL DEVELOPMENT CORPORATION LTD. and BHEL with an increase of 4.46% and 4.10% respectively, while the top losers of Group A include BHUSHAN STEEL LTD and IOB with a decrease of 4.97% and 4.80% along with JPPOWER and INDIAN BANK with a decrease of 4.70% and 4.69% at the close of the markets. The Auto sector is up 39.99 points at 17,289.97 while the banking sector is up 13.64 points at 18,003.68 and the reality sector is down 33.55 points at 1,727.44. The Indian currency is down 0.21% at Rs 60.58 per dollar.

BSE closes points 117.34 up on August 27

New Delhi, August 27 (ANI): Trading at the Bombay Stock Exchange today closed 117.34 points up to stand at 26,560.15. At the National Stock Exchange the Nifty closed 31.30 points up to stand at 7,936.05. BEL and HAVELLS were among the top gainers of Group A with an increase of 20.00% and 8.60% along with TORRENT POWER LTD. and JAIN IRRIGATION SYSTEMS LTD. with an increase of 6.96% and 6.03% respectively, while the top losers of Group A include UCO BANK and BHUSHAN STEEL LTD. with a decrease of 7.98% and 4.99% along with DLF and ADANIPORTS with a decrease of 4.33% and 3.32% at the close of the markets. The Auto sector is up 132.99 points at 17,243.95 while the banking sector is up 90.87 points at 17,986.64 and the reality sector is down 24.69 points at 1,760.34. The Indian currency is up 0.05% at Rs 60.46 per dollar.

BSE closes points 5.79 up on August 26

New Delhi, August 26 (ANI): Trading at the Bombay Stock Exchange today closed 5.79 points up to stand at 26,442.81. At the National Stock Exchange the Nifty closed 1.55 points down to stand at 7,904.75. HAVELLS and BAJAJ FINSERV LTD were among the top gainers of Group A with an increase of 9.40% and 5.08% along with PIDILITE INDUSTRIES LTD and GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD. with an increase of 4.90% and 4.08% respectively, while the top losers of Group A include RPOWER and ADANIPOWER with a decrease of 6.79% and 6.44% along with JINDALSTEL and JPPOWER with a decrease of 6.16% and 5.41% at the close of the markets. The Auto sector is up 4.69 points at 17,110.96 while the banking sector is down 42.62 points at 17,895.77 and the reality sector is down 0.82 points at 1,785.03. The Indian currency is up 0.11% at Rs 60.50 per dollar.

BSE closes points 59.44 up on August 22

New Delhi, August 22 (ANI): Trading at the Bombay Stock Exchange today closed 59.44 points up to stand at 26,419.55. At the National Stock Exchange the Nifty closed 22.10 points up to stand at 7,913.20. Financial Technologies (India) Ltd. and UPL were among the top gainers of Group A with an increase of 5.00% and 4.56% along with UNIONBANK and Jubilant Food Works Ltd with an increase of 3.69% and 3.43% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and JAIPRAKASH ASSOCIATES LTD. with a decrease of 4.97% and 3.98% along with SOBHA and MMTC with a decrease of 3.90% and 3.78% at the close of the markets. The Auto sector is up 13.62 points at 17,034.27 while the banking sector is up 199.03 points at 18,114.53 and the reality sector is down 16.49 points at 1,821.03. The Indian currency is down 0.3% at Rs 60.49 per dollar.

BSE closes points 45.82 up on August 21

New Delhi, August 21 (ANI): Trading at the Bombay Stock Exchange today closed 45.82 points up to stand at 26,360.11. At the National Stock Exchange the Nifty closed 15.80 points up to stand at 7,891.10. GITANJALI and UNIONBANK were among the top gainers of Group A with an increase of 8.94% and 8.14% along with INDIAN BANK and TITAN with an increase of 7.17% and 5.70% respectively, while the top losers of Group A include BHUSHAN STEEL LTD. and AMARAJABAT with a decrease of 4.97% and 4.38% along with PIPAVAV DEFENCE AND OFFSHORE ENG LTD. and JPINFRATEC with a decrease of 4.37% and 3.91% at the close of the markets. The Auto sector is up 133.56 points at 17,020.65 while the banking sector is up 208.08 points at 17,915.50 and the reality sector is down 35.77 points at 1,837.52. The Indian currency is up 0.23% at Rs 60.75 per dollar.

BSE closes points 106.38 up on August 20

New Delhi, August 20 (ANI): Trading at the Bombay Stock Exchange today closed 106.38 points down to stand at 26,314.29. At the National Stock Exchange the Nifty closed 22.20 points down to stand at 7,875.30. SUN PHARMA and RANBAXY were among the top gainers of Group A with an increase of 4.88% and 4.84% along with CIPLA and JPINFRATEC with an increase of 3.79% and 3.61% respectively, while the top losers of Group A include DENA BANK and BHUSHAN STEEL with a decrease of 5.06% and 4.97% along with ORIENT BANK and MUTHOOT FINANCE with a decrease of 3.63% and 3.57% at the close of the markets. The Auto sector is down 94.75 points at 16,887.09 while the banking sector is down 51.94 points at 17,707.42 and the reality sector is up 9.73 points at 1,873.29. The Indian currency is up 0.02% at Rs 60.66 per dollar.

Concept of 'pedaling for a green earth' gains popularity in India

New Delhi, Aug 20 (ANI): Biking has gained popularity, as people from all walks of life are interested in using bicycles. With growing consciousness about health and environment, the concept of 'pedaling for a green earth' is fast gaining popularity. With an annual production of 15 million bicycles, India is the largest bicycle manufacturer in the world after China.

Eyewear market booms in India

New Delhi, Aug 20 (ANI): The neo-rich and fashion conscious urban Indians have provided a perfect opportunity to the eyewear market to establish themselves in India. The revenue of the industry has increased to USD 1,247 million at a CAGR of 27.4% during FY'2007-FY'2013. It is estimated to exceed USD 14,856 million by 2018 due to the major push from eyewear sales in the spectacle lens segment. The eyewear market in India has witnessed a steep incline in recent years on account of higher sales of eyewear across an array of segments. Eyewear market has come a long way and with people switching to modern techniques and brands, the sector is poised to grow in future as well.

BSE closes points 29.71 up on August 19

New Delhi, August 19 (ANI): Trading at the Bombay Stock Exchange today closed 29.71 points up to stand at 26,420.67. At the National Stock Exchange the Nifty closed 23.25 points up to stand at 7,897.50. TTK Prestige and Berger Paints were among the top gainers of Group A with an increase of 9.16% and 9.13% along with Muthoot Finance and Ashok Leyland with an increase of 9.11% and 7.39% respectively, while the top losers of Group A include Financial Tech and Bhushan Steel with a decrease of 4.99% and 4.98% along with Prestige Estates and Engineers India with a decrease of 3.70% and 3.13% at the close of the markets. The Auto sector is up 374.15 points at 16,981.84 while the banking sector is up 101.46 points at 17,759.36 and the reality sector is up 29.93 points at 1,863.56. The Indian currency is up 0.02% at Rs 60.75 per dollar.

Trend of luxury housing

New Delhi, Aug 19 (ANI): Indians are fast developing a taste for the good life. Fancy lifestyle and luxurious brand names, real estate properties and ultra-luxurious amenities have created a demanding place for luxury housing in the country. To lure buyers, developers are also now trying out variety of new products in luxury housing segment. With this change in real estate trend, India has become one of the fastest growing countries with high net worth individuals, leading the investment portfolio totals upto 40% in the realty market.

Booming automobile sector

New Delhi, Aug 19 (ANI): The Indian auto industry has come a long way since its inception. It has emerged as a major contributor to India's gross domestic product (GDP), accounting around 7% and employing about 19 million people both directly and indirectly. In addition, with Government's backing and a rapid growth in demand of cars, multi-utility vehicles (MUVs), two and three wheelers and auto components, the sector is set to attract foreign investors. India is currently the sixth largest passenger vehicle market in the world, and is geared to overtake major markets in Europe and North America in the next decade.

BSE closes points 184.28 up on August 14

New Delhi, August 14 (ANI): Trading at the Bombay Stock Exchange today closed 184.28 points up to stand at 26,103.23. At the National Stock Exchange the Nifty closed 52.15 points up to stand at 7,791.70. JSW Steel and Indiabulls Real Estate were among the top gainers of Group A with an increase of 8.25% and 5.57% along with Unitech and Wockhardt with an increase of 4.71% and 4.60% respectively, while the top losers of Group A include Bhushan Steel and Suzlon Energy with a decrease of 4.97% and 4.62% along with Eicher Motors and Hero Moto Corp with a decrease of 3.75% and 2.65% at the close of the markets. The Auto sector is up 2.65 points at 16,348.06 while the banking sector is up 184.23 points at 17,251.19 and the reality sector is up 31.03 points at 1,808.78. The Indian currency is up 0.56% at Rs 60.87 per dollar.