Page 64 - Companies

ISD facility for cross border traders in Kashmir

Poonch, July 09 (ANI): In order to boost LoC trade, the central government and the Kashmir government agreed to provide ISD calling facility to the traders of India and Pakistan for enhanced cross border communication between the nations. Custodian of Chakan Da Bagh Cross Loc Poonch, Bashir Ahmed Loan, said that the facility would allow traders to discuss issues and thus people from both sides would be benefited. The facility has also been hailed by the traders who feel that this would foster communication and benefit traders from both sides. Cross-LoC trade between Jammu and Kashmir and Pakistan Occupied Kashmir (PoK) was started in October 2008.

BSE closes points 517.97 down on July 8

New Delhi, July 08 (ANI): Trading at the Bombay Stock Exchange today closed 517.97 points down to stand at 25,582.11. At the National Stock Exchange the Nifty closed 163.95 points down to stand at 7,623.20. MCX and Berger Paints were among the top gainers of Group A with an increase of 4.36% and 2.66% along with Bajaj Holdings and Cadila Health with an increase of 2.34% and 1.63% respectively, while the top losers of Group A include Unitech and Jaiprakash Associates Ltd. with a decrease of 12.54% and 9.82% along with IFCI and MMTC with a decrease of 9.47% and 9.30% at the close of the markets. The Auto sector is down 367.98 points at 15,838.12 while the banking sector is down 413.67 points at 17,195.13 and the realty sector is down 150.04 points at 1,945.73. The Indian currency is 0.28% down at Rs 59.84 per dollar.

BSE closes points 138.02 up on July 7

New Delhi, July 07 (ANI): Trading at the Bombay Stock Exchange today closed 138.02 points up to stand at 26,100.08. At the National Stock Exchange the Nifty closed 35.55 points up to stand at 7,787.15. IDFC and Container Corporation Of India Ltd. were among the top gainers of Group A with an increase of 6.23% and 6.13% along with Neyveli Lignite and Cadila Health with an increase of 5.71% and 5.58% respectively, while the top losers of Group A include HDIL and BAJFINANCE with a decrease of 3.78% and 3.00% along with HPCL and JSW Steel with a decrease of 2.97% and 2.97% at the close of the markets. The Auto sector is up 110.33 points at 16,206.10 while the banking sector is down 215.73 points at 17,608.80 and the realty sector is down 3.03 points at 2,095.77. The Indian currency is up 0.44% at Rs 59.98 per dollar.

BSE closes points 138.31 up on July 4

New Delhi, July 04 (ANI): Trading at the Bombay Stock Exchange today closed 138.31 points up to stand at 25,962.06. At the National Stock Exchange the Nifty closed 36.80 points up to stand at 7,751.60. Prestige Estates and Bajaj Finance Limited were among the top gainers of Group A with an increase of 9.04% and 7.04% along with CESC and Videocon Industries Ltd. with an increase of 5.47% and 5.05% respectively, while the top losers of Group A include Bajaj Holdings and ACC with a decrease of 3.29% and 2.67% along with Wockhardt and ABB India Ltd. with a decrease of 2.59% and 2.43% at the close of the markets. The Auto sector is up 9.06 points at 16,102.35 while the banking sector is up 122.71 points at 17,817.95 and the realty sector is up 19.13 points at 2,095.03. The Indian currency is up 0.01% at Rs 59.73 per dollar.

BSE closes points 17.46 down on July 3

New Delhi, July 03 (ANI): Trading at the Bombay Stock Exchange today closed 17.46 points down to stand at 25,823.75. At the National Stock Exchange the Nifty closed 10.35 points down to stand at 7,714.80. Glenmark pharmaceuticals ltd. and Eicher Motors were among the top gainers of Group A with an increase of 6.56% and 5.73% along with Uco Bank and Bata India with an increase of 5.61% and 4.71% respectively, while the top losers of Group A include GMR Infra and JPPOWER with a decrease of 7.83% and 4.87% along with Jaiprakash Associates Ltd. and Unitech with a decrease of 4.70% and 4.66% at the close of the markets. The Auto sector is up 116.11 points at 16,082.41 while the banking sector is down 32.83 points at 17,711.80 and the realty sector is down 30.87 points at 2,075.90. The Indian currency is up 0.12% at Rs 59.76 per dollar.

Police recover huge cache of explosives from Maoist hotbed in Bihar

Mumbai, July 3 (ANI): Bombay Stock Exchange (BSE) halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage. Speaking on the cause of the outage, its CEO and MD, Ashish Kumar Chauhan said that its technology partners are in the process of analyzing the root cause of the glitch.

Bombay Stock Exchange halts trading due to network outage

Mumbai, July 3 (ANI): Bombay Stock Exchange (BSE) halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage. Reportedly, all orders placed before the network outage would be cancelled. The exchange operator network service vendor HCL Technologies Ltd was working to resolve the issue. Stock Market Expert, Sunil Shah, said that the authorities are addressing the problem and have assured that trading will start soon.

BSE closes points 324.86 up on July 2

New Delhi, July 02 (ANI): Trading at the Bombay Stock Exchange today closed 324.86 points up to stand at 25,841.21. At the National Stock Exchange the Nifty closed 90.45 points up to stand at 7,725.15. Adani Ports and Castrol India were among the top gainers of Group A with an increase of 10.65% and 9.18% along with TTK Prestige and MCX with an increase of 8.59% and 7.85% respectively, while the top losers of Group A include Gujarat State Petronet Ltd. and GMR Infra with a decrease of 3.83% and 2.90% along with Berger Paints and ING Vysya Bank with a decrease of 2.68% and 1.84% at the close of the markets. The Auto sector is up 216.78 points at 15,955.31 while the banking sector is up 185.92 points at 17,744.63 and the realty sector is up 8.20 points at 2,106.77. The Indian currency is up 0.70% at Rs 59.65 per dollar.

Nasscom launches third phase of startup initiative mission

Bangalore, July 01 (ANI): The National Association of Software and Services Companies (NASSCOM) invited applications from startups as it commenced the third phase of its 10,000 start-ups initiative across the country. The 10,000 startups initiative, which is a national database of startups and identifies the areas of their operations, is a one-stop platform for all fresh entrepreneurs. Addressing a news conference in Bangalore Senior Director, NASSCOM 10,000 Startups initiative, Rajat Tandon said in first two phases at least 529 people were impacted. The association had earlier sent a 30-member representative delegation of software products and solutions to the Silicon Valley in the US for providing a global platform for young entrepreneurs.

BSE closes points 313.86 up on June 30

New Delhi, June 30 (ANI): Trading at the Bombay Stock Exchange today closed 313.86 points up to stand at 25,413.78. At the National Stock Exchange the Nifty closed 102.55 points up to stand at 7,611.35. Syndicate Bank and Allahabad Bank were among the top gainers of Group A with an increase of 11.85% and 8.91% along with CESC and JPPOWER with an increase of 8.69% and 8.62% respectively, while the top losers of Group A include United Spirits and Sobha Developers Ltd. with a decrease of 4.21% and 2.82% along with Bharti Infratel and TV18 Broadcast with a decrease of 2.72% and 2.25% at the close of the markets. The Auto sector is up 41.27 points at 15,239.54 while the banking sector is up 293.34 points at 17,475.08 and the realty sector is up 21.56 points at 2,077.13. The Indian currency is up 0.01% at Rs 60.09 per dollar.

Finance Secretary highlights need to instill confidence in investors to boost economic growth

New Delhi, June 24 (ANI): Finance Secretary, Arvind Mayaram, on Tuesday laid emphasis on the need to boost investors' confidence to bring the country back on the path of growth and to spur economic expansion to its potential level. India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets. The finance ministry will decide on the matter after consultations with the Reserve Bank of India and capital markets regulator Securities and Exchange Board of India. Mayaram said he is hopeful that the government would take adequate steps to boost overall growth rate.

BSE closes points 74.19 down on June 23

New Delhi, June 23 (ANI): Trading at the Bombay Stock Exchange today closed 74.19 points down to stand at 25,031.32. At the National Stock Exchange the Nifty closed 18.10 points down to stand at 7,493.35. Indian Bank and Syndicate Bank were among the top gainers of Group A with an increase of 10.24% and 6.57% along with Mangalore Refinery and ONGC with an increase of 5.98% and 5.15% respectively, while the top losers of Group A include ITC and United Spirits with a decrease of 5.92% and 4.00% along with Kotak Mahindra Bank and Reliance Infrastructure Ltd. with a decrease of 3.83% and 3.12% at the close of the markets. The Auto sector is up 117.15 points at 14,995.46 while the banking sector is up 76.27 points at 17,273.05 and the realty sector is up 9.01 points at 2,015.63. The Indian currency is down 0.01% at Rs 60.19 per dollar.

Global innovators throng Chennai for ACMEE

Chennai, June 22 (ANI): A trade exhibition ACMEE 2014 showcasing latest technologies available in the field of manufacturing sector is drawing global innovators in Chennai. The five-day fair, organized by Ambattur Industrial Estate Manufacturers Association (AIEMA) and AIEMA Technology Centre, is concluding on June 23 and is provides a great platform for networking as it is attracting many multinational companies. The 11th edition of the expo is being held with an aim to promote Chennai as a technology hub and help India emerge as one of the major manufacturing motivation.

BSE closes points 96.29 down on June 20

New Delhi, June 20 (ANI): Trading at the Bombay Stock Exchange today closed 96.29 points down to stand at 25,105.51. At the National Stock Exchange the Nifty closed 29.25 points down to stand at 7,511.45. Unitech and IFCI were among the top gainers of Group A with an increase of 7.20% and 4.98% along with Gitanjali Gems and TITAN with an increase of 4.66% and 4.50% respectively, while the top losers of Group A include United Brew and Allahabad Bank with a decrease of 4.95% and 4.69% along with CESC and Union Bank with a decrease of 4.53% and 4.18% at the close of the markets. The Auto sector is down 137.26 points at 14,878.31while the banking sector is down 68.19 points at 17,196.78 and the realty sector is up 10.34 points at 2,006.62. The Indian currency is up 0.17% at Rs 60.18 per dollar.

Iraq Crisis and El Nino Effect further the inflation rate, govt should work to curb it: Market Expert

New Delhi, June 20 (ANI): Talking about the increasing inflation rate, Market Expert Akash Jindal said that the ongoing Iraq crisis and the El Nino effect has further the inflation rate to this high. He also said that government should work to curb the same and free the people from the impact of the same. Jindal said that the prices of crude oil will increase due to situations in Iraq following which other food items and articles will also get costlier. He also said that government should try and stop hoarding and black marketing and therefore try to minimize the impact of these problems soon.

BSE closes points 274.94 down on June 18

New Delhi, June 18 (ANI): Trading at the Bombay Stock Exchange today closed 274.94 points down to stand at 25,246.25. At the National Stock Exchange the Nifty closed 73.50 points down to stand at 7,558.20. Bajaj Finance Limited and CRISIL were among the top gainers of Group A with an increase of 9.16% and 6.43% along with Piramal Enterprises Ltd. and National Aluminium Co. Ltd. with an increase of 4.31% and 4.08% respectively, while the top losers of Group A include Prestige Estates and Jaiprakash Associates Ltd. with a decrease of 5.97% and 5.28% along with Unitech and Indiabulls Real Estate Ltd. with a decrease of 5.21% and 5.18% at the close of the markets. The Auto sector is down 191.01 points at 14,936.02 while the banking sector is down 188.81 points at 17,424.01 and the realty sector is down 42.93 points at 2,003.40.The Indian currency is down 0.60% at Rs 60.39 per dollar.

BSE closes points 330.71 up on June 17

New Delhi, June 17 (ANI): Trading at the Bombay Stock Exchange today closed 330.71 points up to stand at 25,521.19. At the National Stock Exchange the Nifty closed 98.15 points up to stand at 7,631.70. JPINFRATEC and IRB Infra were among the top gainers of Group A with an increase of 12.82% and 7.82% along with Hindustan Copper and Berger Paints with an increase of 5.65% and 5.55% respectively, while the top losers of Group A include Suzlon Energy and Sun TV Network with a decrease of 4.99% and 2.21% along with Godrej Consumer Products Ltd. and Bhushan Steel with a decrease of 2.14% and 1.94% at the close of the markets. The Auto sector is up 95.20 points at 15,127.03 while the banking sector is down 392.23 points at 17,612.82 and the realty sector is up 18.49 points at 2,047.24. The Indian currency is up 0.10% at Rs 60.10 per dollar.

Infosys won't be affected even if more top executives exit: NR Narayana Murthy

Bangalore, June 15 (ANI): NR Narayana Murthy while addressing last AGM as the Infosys chairman, said that Infosys has enough senior managers to run the business even if more executives leave, after a spate of staff exits triggered concerns about a leadership vacuum. Murthy played down the departure of at least 11 senior executives since he was brought back from retirement in June last year to help regain market share, saying some of them were low performers. Infosys shareholders are betting on Vishal Sikka, who will take over on August 1 from current CEO SD Shibulal, to turnaround the company by tapping opportunities in new technology areas including cloud computing and mobility.

BSE closes points 348.04 down on June 13

New Delhi, June 13 (ANI): Trading at the Bombay Stock Exchange today closed 348.04 points down to stand at 25,228.17. At the National Stock Exchange the Nifty closed 107.80 points down to stand at 7,542.10. Motherson Sumi and Prestige Estates were among the top gainers of Group A with an increase of 3.07% and 2.59% along with HCL Tech and Thermax with an increase of 2.10% and 1.98% respectively, while the top losers of Group A include Jaiprakash Associates and DLF with a decrease of 8.30% and 8.23% along with HPCL and Hindustan Copper Ltd. with a decrease of 8.17% and 7.04% at the close of the markets. The Auto sector is down 258.25 points at 15,200.85 while the banking sector is down 408.91 points at 17,309.87 and the realty sector is down 110.40 points at 1,994.75. The Indian currency is down 0.67% at Rs 59.65 per dollar.

BSE closes points 27.98 down on June 12

New Delhi, June 12 (ANI): Trading at the Bombay Stock Exchange today closed 27.98 points down to stand at 25,576.21. At the National Stock Exchange the Nifty closed 23.05 points up to stand at 7,649.90. Crisil and Biocon were among the top gainers of Group A with an increase of 8.60% and 6.76% along with Godrej Industries and Muthoot Finance with an increase of 6.37% and 4.95% respectively, while the top losers of Group A include Suzlon Energy and JP Infratec with a decrease of 4.98% and 4.80% along with Bharti Airtel and HDIL with a decrease of 3.92% and 3.73% at the close of the markets. The Auto sector is up 92.14 points at 15,459.10 while the banking sector is up 26.43 points at 17,718.78 and the realty sector is up 11.97 points at 2,109.02. The Indian currency is down 0.08% at Rs 59.32 per dollar.