IT/ITes

  • The Apple logo is pictured at a retail store in the Marina neighborhood in San Francisco

    The iPhone maker's market value has stood high above most U.S. corporations' for a few years, yet Apple still isn't a component of that blue-chip stock benchmark. That is because the Dow weighs its 30 components by price, so a $500 stock would overwhelm the index. A seven-for-one stock split that will chop the price to …

  • The BSE Sensex and Nifty hit record highs for a third session in a row as infrastructure companies such as Larsen & Toubro extended recent gains while lenders including Yes Bank advanced on hopes the worst ...

  • Mumbai, April 23 (IANS) A benchmark index of Indian equities markets touched a record high of 22,912.52 points Wednesday for the third straight day, surpassing the 22,853.03 points it touched Tuesday. ...

  • People look at large screen displaying India's benchmark share index on facade of BSE building in Mumbai

    Reuters Market Eye - The BSE Sensex and the Nifty hit record highs for the third consecutive session on Wednesday on the back of gains in blue-chip stocks. The benchmark index hits a record high of 22,901.65. ...

  • Sensex, Nifty touch new highs, close flat IANS - Tue 22 Apr, 2014 6:06 PM IST

    Mumbai, April 22 (IANS) A benchmark index of Indian equities markets touched a record high of 22,853.03 points Tuesday for the second straight day, surpassing Monday's high of 22,795.58 points. Healthy ...

  • Sensex ends flat after hitting record highs Reuters - Tue 22 Apr, 2014 5:02 PM IST
    A broker watches a TV news channel as another monitors share prices at a brokerage firm in Mumbai

    The BSE Sensex ended flat on Tuesday after hitting record highs for a second consecutive session as momentum waned ahead of the expiry of monthly derivative contracts and on expectations that current levels ...

  • Why Wipro tumbled when Sensex hit new high Yahoo Finance India - Tue 22 Apr, 2014 5:00 PM IST

    While stock market indices touched a new peak over the past two days, shares of Wipro – a key index component – tumbled nearly 10%.

  • Sensex, Nifty touch new highs IANS - Tue 22 Apr, 2014 3:34 PM IST

    Mumbai, April 22 (IANS) A benchmark index of Indian equities markets touched a record high of 22,853.03 points Tuesday for the second straight day, surpassing Monday's high of 22,795.58 points. Healthy ...

  • Sensex, Nifty touch record highs (Intro-Roundup) IANS - Mon 21 Apr, 2014 5:32 PM IST

    Mumbai, April 21 (IANS) A benchmark index of the Indian stock markets Monday touched a new high of 22,795.58 points before closing at 22,764.83 points, as capital goods, metal and bank stocks rose sharply. ...

  • Wipro receives nod from bourses on merger of subsidiaries … Contify Investment - Mon 21 Apr, 2014 5:15 PM IST

    April 21: Indian multinational IT Consulting firm Wipro Ltd has received the approval from the National Stock Exchange and the Bombay Stock Exchange to merge with its two subsidiary companies for following the requisite M&A norms. The stock exchanges gave their approval for the amalgamation of Wipro Technologies Services …

  • Mumbai, April 21 (IANS) A benchmark index of the Indian stock markets Monday gained 136 points or 0.60 percent, as capital goods, metal and bank stocks rose sharply. Markets were bullish ahead of the result ...

  • Sensex, Nifty surge to record high; Sesa gains Reuters - Mon 21 Apr, 2014 4:41 PM IST

    The Sensex and Nifty hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about ...

  • Mumbai, April 21 (IANS) A benchmark index of the Indian stock markets Monday gained 135.99 points or 0.60 percent, as capital goods, metal and bank stocks rose sharply. Markets were bullish ahead of the ...

  • Delhi-NCR records triple growth in office leasing space … Contify Investment - Mon 21 Apr, 2014 3:54 PM IST

    April 21: India's capital state Delhi-NCR has registered a tripled growth in office leasing space at about 1.5 million square feet in the first quarter this year owing to higher occupancy rates from the information technology firms in Gurgaon, stated a Cushman and Wakefield report. Its net absorption for the same period …

  • Unitech plans to raise investment on developing pr … Contify Investment - Mon 21 Apr, 2014 3:54 PM IST

    April 21: Indian realtor Unitech Ltd is planning to raise its spending on construction in order to unveil a minimum of six million square feet of developed area in the current financial year in comparison to the usual four million square feet launched for the last few years, reported Business Standard. It still has to …

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Oil & Gas

  • Rupee sees worst single-day fall in over a month Reuters - Mon 21 Apr, 2014 5:39 PM IST

    The rupee hit a one-month low on Monday and posted its worst single-day fall since March 20, weighed down by good dollar demand from oil and gas importers and as tension in Ukraine kept global markets on the edge. Global markets may sell off because of escalating Ukraine situation, more Chinese slowdown data and if U.S. …

  • Reliance Q4 sales rise, refining margin narrows Reuters - Fri 18 Apr, 2014 8:42 PM IST
    A man walks past a Reliance Industries Limited sign board installed on a road divider in Gandhinagar

    Energy company Reliance Industries Ltd (RELI.NS) posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India, reported net profit of 56.31 billion rupees for the …

  • Oil slips towards $109 after six-week high on Ukra … Reuters - Thu 17 Apr, 2014 5:19 PM IST

    Brent crude oil slipped towards $109 a barrel on Thursday, after hitting a six-week high in the previous session, as traders assessed whether rising tensions in Ukraine could disrupt supplies from Russia. With Russian troops massing on the border with Ukraine and three separatists killed overnight in eastern Ukraine, the …

  • China economy stronger than data suggests - govt Reuters - Thu 17 Apr, 2014 11:37 AM IST

    China's economy is doing better than official data suggests, the Commerce Ministry said a day after figures showed growth at an 18-month low, adding that targets for exports and imports this year should be met despite some caution over the trade outlook. Ministry spokesman Shen Danyang said a rise in export deliveries, …

  • New Delhi, April 16 (IANS) The Aam Aadmi Party (AAP) Wednesday alleged that the UPA government was going ahead on the award of hydrocarbon fields in the country's western offshore to the Essar group despite no contract having been signed by the two parties, which can potentially cause a loss of Rs.52,000 crore to the national …

  • China Inc joins the big league in oil and gas serv … Reuters - Tue 15 Apr, 2014 3:09 AM IST
    AERIAL VIEW OF A SHIPYARD OF CHINA STATE SHIPBUILDING CORP IN SHANGHAI.

    State-run and privately controlled Chinese rig makers, oil and gas services and engineering firms are showing up in the supply chain everywhere from the Middle East, the North Sea and North America to frontier areas like Mozambique. Helped by strong government support, plentiful labour and an abundant supply of raw materials …

  • New Delhi, April 13 (IANS) Uganda, sitting on a "pile of uranium", is seeking India's knowhow to develop its reserves and open up new vistas of energy cooperation between historically linked countries, a visiting Ugandan minister has said. Ephraim Kwamuntu, Ugandan minister of water and environment, said his country was …

  • Vedanta full-year oil and gas output rises Reuters - Thu 10 Apr, 2014 4:14 PM IST

    REUTERS - London-listed Vedanta Resources Plc said its average gross oil and gas production increased 6 percent during the financial year ended March 31, driven by higher output at its Rajasthan block ...

  • New Delhi, April 9 (IANS) State-run explorer Oil India Limited (OIL) Wednesday announced it has become the first Indian company to make a foreign currency bond issuance worth $1 billion in its debut US dollar bond sale programme. "Oil India has made an inaugural $1 billion dual-tranche US Dollar (USD) unsecured bond issue …

  • Ascent of the Advisor India Today Group - Tue 8 Apr, 2014 12:04 AM IST

    Consultancy firms thrive amid a wilting economy as more and more companies rush to them for all kinds of fixes.

  • Wall Street falls on broad weakness, Pfizer drags Reuters - Mon 7 Apr, 2014 10:41 PM IST
    Traders work on the floor of the New York Stock Exchange April 7, 2014. REUTERS/Brendan McDermid

    U.S. stocks fell on Monday, putting the S&P 500 on track for its biggest three-day drop in two months, as investors rotated into defensive names to protect against further declines. Momentum shares - stocks ...

  • Wall St flat as momentum stocks stabilize; Pfizer  … Reuters - Mon 7 Apr, 2014 8:48 PM IST
    A trader works on the floor of the New York Stock Exchange shortly after the opening bell in New York April 4, 2014. REUTERS/Lucas Jackson

    U.S. stocks were little changed on Monday, as recent weakness in so-called momentum names appeared to abate while a decline in shares of Pfizer weighed on the market. Declines in momentum shares - fast-growing ...

  • SGS moving climate project audit business to India … Reuters - Wed 2 Apr, 2014 3:07 PM IST

    International certification firm SGS (VTX:SGSN.VX - News) is moving its Britain-based auditing business for clean energy projects to India in an attempt to cut costs, the company's head of environmental services said on Wednesday. Geneva-based SGS is one of the main auditors of projects under the U.N.'s Clean Development …

  • Vice president launches 'compendium' on energy IANS - Wed 26 Mar, 2014 6:58 PM IST

    New Delhi, March 26 (IANS) Vice President Hamid Ansari Wednesday released the book "The Political Economy of Energy and Growth" edited by Delhi Lt. Governor Najeeb Jung, who is known for his expertise in the energy sector. The book, published by Oxford University Press, covers a wide range of global energy debates, such …

  • India seeks $90 bln investment in infra projects from … Contify Investment - Wed 26 Mar, 2014 5:39 PM IST

    New Delhi: The Indian government has requested Qatar to invest in the Delhi-Mumbai industrial corridor project worth $90 billion and other infrastructure projects in the country, Livemint reported. E M S Natchiappan, minister of state for commerce said that Qatar will also be able to make profits by investing in various …

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Banking & Finance

  • April 23: L&T Finance has entered into agreement with International Tractors Ltd, one of the leading farm equipment manufacturers in the country for providing tractor loan financing. According to the pact, customers of Sonalika Group, the parent company of International Tractors, can avail the benefit of easy credit and …

  • April 23: State-run lender Union Bank of India has mopped up $350 million via sale of overseas bond under its $2 billion medium-term note (MTN) programme, the Economic Times reported. The bonds have a ...

  • April 23: India's second largest private sector lender HDFC Bank has recorded 23% surge in its net profit at Rs 23.26 billion in the fourth quarter ended on March 31, 2014 as compared to Rs 18.89 billion ...

  • April 23: Indian state-run lender UCO Bank has plans to increase its deposits and loans portfolios by 20% to 22%, its Executive Director Jai Kumar Garg said on Tuesday. The public sector lender had posted loan growth of 17%, exceeding the industry average in the last fiscal. Its deposits increased by 16%, Garg said.  …

  • April 23: The Gauhati High Court has come down heavily on the government of Assam and directed it to serve notices to 167 non-banking financial companies (NBFCs) conducting their business in the state ...

  • April 23: Indian non-banking financial company Muthoot Finance Ltd Tuesday said that it is expecting to garner Rs 3.92 billion by offloading 25.35 million shares through the institutional placement programme ...

  • April 23: Indian mid-sized private sector lender Yes Bank' board will meet on Wednesday to discuss feasible ways to settle the dispute between YES Bank promoter Rana Kapoor and Madhu Kapur, the widow of Yes Bank co-founder Ashok Kapur, pertaining to right to nominate directors at the bank's board, two persons in knowledge …

  • GMR bags Mactan Cebu airport contract Contify Investment - 15 hours ago

    April 23: The GMR-Megawide consortium has entered into a concession agreement with the Philippines' Department of Transportation and Communications (DOTC) and Mactan Cebu International Airport Authority ...

  • April 23: Indian aviation firm Jet Airways plans to close down its operations in Visakhapatnam following its stake sale deal with Dubai-based Etihad Airways, reported Business Line citing sources. It has ...

  • April 23: The Department of Telecommunications (DoT) may rescind a Rs 10 billion penalty imposed on Loop Telecom n allegedly violating 2G spectrum regulations when it discontinued operations in 21 circles. The Supreme Court of India had cancelled Loop Telecom's license on February 2, 2012 along with some other mobile operators. …

  • April 23: India's software company Zensar Technologies Ltd has registered a 41.3% rise in consolidated net profit at Rs 552.5 million for the January-March quarter in 2014 as compared to Rs 391 million for the same period in 2013, reported Business Standard. Its consolidated revenues reported an 18.6% surge at Rs 6.02 …

  • April 23: The Mahindra Group-owned Mahindra Logistics Ltd (MLL) has sold some of its minority stake to Kedaara Capital for Rs 2 billion, reported The Times of India. This stake sale deal is the private equity firm's debut investment and it plans to achieve long-term growth in the logistics sector in India in future. The …

  • RBI lifts ban on FII purchases of South Indian Bank … Contify Banking - Tue 22 Apr, 2014 4:29 PM IST

    April 22: The Reserve Bank of India has permitted fresh purchase of private sector lender South Indian Bank by foreign institutional investors (FIIs) with immediate effect. With this, equity shares of ...

  • LIC Housing Finance posts 17.04% growth in net at Rs … Contify Banking - Tue 22 Apr, 2014 4:29 PM IST

    April 22: LIC Housing Finance Ltd has recorded 17.04% rise in its net profit at Rs 3.7 billion for the final quarter ended on March 31, 2014 as compared to Rs 3.16 billion for the corresponding period in 2012-13 fiscal. On a yearly basis, the NBFC posted 28.73% surge in net profit at Rs 13.17 billion as compared to Rs …

  • Gujarat NRE Coke proposes to issue shares to ICICI … Contify Banking - Tue 22 Apr, 2014 4:29 PM IST

    April 22: Gujarat NRE Coke Ltd is planning to sell its shares to country's largest private sector lender ICICI Bank on a private placement basis. The sale of company's share will take place under the corporate debt restructuring (CDR) plan ratified by its lenders on March 25, 2014. Gujarat NRE Coke will also discuss issue …

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