IT/ITes

  • Mumbai, May 22 (IANS) Healthy quarterly results by some of the blue chip companies coupled with a buying streak by the domestic investors led a benchmark index of Indian equities markets, the 30-scrip ...

  • The Securities and Exchange Board of India (SEBI) has named Infosys founder N.R. Narayana Murthy to head a panel that will devise rules for a new funding platform for homegrown start-ups, the regulator said on its website. In March, SEBI announced an alternative investment platform targeted at the country's booming internet …

  • Mumbai, May 22 (IANS) Healthy quarterly results by some of the blue chip companies led a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), to gain over 150 points or 0.55 percent during the late-afternoon trade session on Friday. It was up 36.65 points or 0.44 percent at 8,457.65 points …

  • New Delhi, May 21 (ANI): Infosys founder N.R. Narayana Murthy has emphasized on the role played by competition and regulation, saying that both the mechanisms acted like an 'invisible hand' that worked ...

  • Sensex closes marginally lower; FMCG stocks hit IANS - Thu 21 May, 2015 5:14 PM IST

    Mumbai, May 21 (IANS) A day after it gained around 200 points, a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), closed marginally lower. It ended the day's trade ...

  • Sensex trades marginally down; FMCG stocks fall IANS - Thu 21 May, 2015 3:06 PM IST

    Mumbai, May 21 (IANS) A day after it gained around 200 points, a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading marginally lower in the late-afternoon ...

  • Sensex trades marginally down, FMCG stocks slip IANS - Thu 21 May, 2015 2:02 PM IST

    Mumbai, May 21 (IANS) A day after it gained around 200 points, a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading marginally lower in the mid-afternoon ...

  • Sensex trades marginally lower, bank stocks down IANS - Thu 21 May, 2015 12:54 PM IST

    Mumbai, May 21 (IANS) A day after it gained around 200 points, a benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex) was trading marginally lower in the noon session on ...

  • Narayana Murthy for supporting Modi IANS - Wed 20 May, 2015 11:40 PM IST

    New Delhi, May 20 (IANS) Assessing the first year of the NDA government, Infosys co-founder N.R.Narayana Murthy said on Wednesday that Prime Minister Narendra Modi should be supported in his endeavours. He said every bureaucrat must reflect on what he or she did so as to reduce the friction between government and business. …

  • India-based vendors bag 25 percent of IT deals: ID … IANS - Wed 20 May, 2015 11:18 PM IST

    Bengaluru, May 20 (IANS) India-based outsourcers bagged nearly 25 percent of the top 100 IT deals in 2012-14, global market research firm International Data Corporation (IDC) said on Wednesday. "We have also seen a shift in the deals to commercial/private sector from state-run enterprises (pubic sector) in 2014, while …

  • Microsoft to strengthen ties with industry bodies IANS - Wed 20 May, 2015 5:36 PM IST

    Kolkata, May 20 (IANS) Global software major Microsoft on Wednesday said it would continue to strengthen its relations with various industry associations across the country to promote the active use of cloud computing, an official said. Cloud computing can reduce capex (capital expenditure) dramatically for small companies …

  • Sensex up 151 points in afternoon trade IANS - Wed 20 May, 2015 2:06 PM IST

    Mumbai, May 20 (IANS) A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading 150.59 points or 0.54 percent up during the afternoon session on Wednesday. ...

  • State of SEZs is warning for land acquisition IANS - Wed 20 May, 2015 11:10 AM IST

    - No more than 62 percent of land -- much of it acquired from farmers -- for special economic zones (SEZs) has been used for its intended purpose: to boost manufacturing, exports and jobs. -- Most SEZs are populated with information technology (IT) and IT-related companies, while manufacturing accounts for only 9 percent …

  • Peoplebusiness India Today Group - Mon 18 May, 2015 10:05 AM IST

    Whenever political pundits have written her off, Jayalalithaa Jayaraman has managed to bounce back from the brink. The AIADMK supremo is set to return as the Chief Minister of Tamil Nadu after the Karnataka ...

  • Shanghai, May 16(ANI): Indian and Chinese corporations on Saturday signed memorandums of understanding (MoU) worth USD 22 billion, with the agreements spanning a wide range of industries including renewable ...

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Oil & Gas

  • Reliance-BP give up two more KG Basin blocks IANS - Thu 21 May, 2015 6:28 PM IST

    Mumbai, May 21 (IANS) Operators of KG-D6 oil and gas blocks in the Bay of Bengal, Reliance Industries (RIL) and its British partner BP have surrendered two more blocks, reducing their specific assets to ...

  • Adani says lines up buyers for Australia coal mine Reuters - Thu 21 May, 2015 2:38 PM IST

    Adani Mining (ADEL.NS) has signed up buyers for around 70 percent of the coal it plans to produce from a huge mine in Australia, putting it a step closer to being able to seal funding for the A$10 billion ($7.9 billion) project, its local head said on Thursday. The key hurdle Adani needs to clear to secure loans for the …

  • Top energy firms tied to almost a third of greenhouse … Reuters - Wed 20 May, 2015 9:47 PM IST

    Thirty-two energy companies led by Russia's Gazprom account for almost a third of all man-made greenhouse gas emissions if the burning of all the coal, oil and gas they produce is taken into account, a study said on Wednesday. Total emissions linked to the companies rose 1.3 percent from 2010-13, despite efforts for curbs, …

  • Kolkata, May 20 (IANS) Bharat Forge Ltd on Wednesday said cost efficiency and productivity improvement helped it score a net consolidated profit of Rs.763.59 crore for 2014-15 - a rise of 46 percent against Rs.525.07 crore in 2013-14. While net consolidated revenues posted a strong growth of 13.53 percent at Rs.7,624.75 …

  • Asian refiners forced to get creative to stay comp … Reuters - Wed 20 May, 2015 12:07 PM IST
    Steam is emitted from an oil refinery in Yokohama, Japan

    Faced with competition from mammoth new refineries in the Middle East and soft fuel demand in key markets, Asian refiners are trying a variety of tactics to cope from investing in refineries in emerging markets to using cheaper energy sources. Less complex and older refineries in Asia, however, might be forced to cut run …

  • New Delhi, May 18 (IANS) US-based process automation services provider Emerson Process Management (EPM) said on Monday it has acquired Pune-based gear manufacturer Ameya Transmissions to provide end-to-end product line offering for its customers. "Emerson acquired Pune-based Ameya Transmissions, manufacturer of gear operators …

  • Iran deputy oil min says OPEC unlikely to cut outp … Reuters - Mon 18 May, 2015 10:18 AM IST

    The Organisation of the Petroleum Exporting Countries (OPEC) is unlikely to implement a production cut at its next meeting in June, a senior Iranian official said on Monday. Iran, along with Venezuela, has repeatedly called for OPEC to cut output to shore up low prices that have eaten into producers' oil revenues. Javadi's …

  • Treasury yields fall, dollar slips after soft U.S. … Reuters - Sat 16 May, 2015 2:35 AM IST

    Treasury yields dropped and the dollar eased on Friday following a stabilization in European government bonds and another batch of weak U.S. data that raised expectations the Federal Reserve will need to wait longer to hike interest rates. U.S. stocks finished near flat, though the S&P 500 eked out another record closing …

  • Vedanta Resources takes $4.5 billion writedown as oil … Reuters - Thu 14 May, 2015 3:51 PM IST
    A bird flies by the Vedanta office building in Mumbai

    Best known as a mining company, Vedanta bought a controlling stake in Cairn India Ltd (CAIL.NS), India's largest private-sector oil producer, in 2011. Like other resources companies, it has struggled with plummeting commodity prices in the last year. Vedanta Resources on Thursday reported a 17 percent drop in full-year …

  • Insight - Sanctions-scarred banks may hold back Iran's … Reuters - Thu 14 May, 2015 10:40 AM IST

    WASHINGTON/NEW YORK (Reuters) - Major banks wary of heavy U.S. penalties will be reluctant to restore ties with Iran even if sanctions are lifted in a possible nuclear deal, bank executives and advisers say, likely denting Iran's ambition to attract foreign investment to revive its crippled economy. After years of being …

  • Why Greenpeace is first on the chopping block IANS - Wed 13 May, 2015 1:24 PM IST

    New Delhi, May 13 (IANS) As Greenpeace India struggles to stay afloat, the real reason why the government wants to shut down the global environmental NGO hasn't got much attention: Coal, the single biggest source of primary energy in India, is at the heart of the Narendra Modi government's ambitious plans to ramp up industrial …

  • Oil dives 3 percent on surging dollar, renewed supply … Reuters - Fri 8 May, 2015 12:38 AM IST
    Oil tankers are seen parked at a yard outside a fuel depot on the outskirts of Kolkata

    Oil prices tumbled 3 percent on Thursday as a resurgent dollar erased gains from the past two sessions, setting the market up for its first weekly loss in five. Traders and investors also returned their focus to the oversupply in crude and gasoline after Wednesday's euphoria over the first U.S. crude drawdown in months. …

  • Shell's Arctic return faces hurdle at Seattle port Reuters - Tue 5 May, 2015 4:12 AM IST
    Shell's company logo is pictured at a gas station in Zurich

    Seattle Mayor Ed Murray, a Democrat who has fought against new projects by coal and oil companies, applauded the requirement by the city's planning department. "This is an opportunity for the port and all of us to make a bold statement about how oil companies contribute to climate change, oil spills and other environmental …

  • Road to Recovery India Today Group - Sat 2 May, 2015 8:05 PM IST

    India Inc reports a healthy 12 per cent growth in revenue in Q4 if we ignore the poor performance of oil and gas companies.

  • RINL, APMDC to explore, mine magnetite in Andhra IANS - Sat 2 May, 2015 6:24 PM IST

    Hyderabad, May 2 (IANS) The Andhra Pradesh Mineral Development Corporation (APMDC) and state-owned Rashtriya Ispat Nigam Ltd (RINL) have signed an agreement to form a joint venture for exploration and mining of magnetite iron ore. Under the memorandum of understanding (MoU), a 51:49 joint venture will be formed which will …

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Banking & Finance

  • Indian Banks to Modify Interest Rates for Savings  … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks may revise the interest rates on saving deposit account balance exceeding Rs 100,000, reported Business Standard. Private sector lenders such as Kotak Mahindra Bank and IndusInd ...

  • Canara Bank to Set up 47 Micro Enterprises Biz Cen … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian public sector lender Canara Bank has plans to set up 47 Micro Enterprises Business (MEB) centres all over the country. The Bangalore-based PSB explained that the proposed MEB centres ...

  • Indian Banks Achieve Jan Dhan Account Opening Targ … Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian banks have achieved the target of opening 75.16 million accounts for the low-income households under the Pradhan Mantri Jan-Dhan Yojana (Prime Minister's People Funding Scheme), reported ...

  • Axis Bank Garners $500 Mln via Bonds Contify Banking - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian private sector lender Axis Bank has garnered capital worth $500 million in a 5.5-year dollar-money at 3.25% fixed rate coupon. The Mumbai-based lender has raised the capital through its ...

  • Essar Steel Algoma Garners $1.2 Bln for Debt Refin … Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Essar Steel’s Canadian subsidiary, Essar Steel Algoma, has garnered around $1.2 billion to refinance its previous debts, Business Line reported. The refinancing comprises a debt of $750 million, ...

  • DoT to Start 3G Spectrum Auction from Feb 23, 2015 Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- The Department of Telecommunications (DoT) stated that the proposed spectrum auction will start from February 23, 2015 instead of February 3, Business Standard reported. The delay is due to ...

  • SpiceJet Hopes to Make Profit in 12 Months Contify Investment - Wed 19 Nov, 2014 11:00 PM IST

    Nov. 19 -- Indian low-cost carrier SpiceJet aims to see profit within a year after receiving fresh amount of capital by sealing a mega deal, Business Standard reported. The company is about to close the ...

  • Citibank India Names Arvind Vashistha as Its Equity … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Citibank India, a subsidiary of US-based global financial service corporation Citigroup, has named Arvind Vashistha as its equity markets head. Vashistha would be reporting to Citibank India’s ...

  • NSE, BSE Keen to Set up Small Banks Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Indian bourses the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are considering to open small banks across the country once the Reserve Bank of India (RBI) start the application ...

  • Govt Nominates Hasmukh Adhia as RBI Director Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- The Indian government has nominated Hasmukh Adhia as a director on the Central Board of Directors of the Reserve Bank of India (RBI). Adhia has assumed the new role with effect from November ...

  • Central Bank of India Rolls out Two New Schemes for … Contify Banking - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- India’s public sector lender Central Bank of India has unveiled two latest schemes to facilitate its retail customers to avail housing loan by way of overdraft facility and liquidity on their ...

  • Reliance Jio Garners $1.5 Bln to Repay Loans Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Reliance Jio Infocomm (RJIL), the telecom unit of the diversified group Reliance Industries Ltd (RIL), plans to garner around $1.5 billion from a consortium of 26 banks to refinance the loans. ...

  • India's Domestic Air Traffic Increases 18.31% in Oct … Contify Investment - Tue 18 Nov, 2014 8:38 PM IST

    Nov. 18 -- Domestic air traffic increased by 18.31% in October this year as airlines carried over 59.25 lakh passengers during the month compared to 50.08 lakh passengers in the same month last year, Directorate ...

  • SBI Likely to Offer $1 Bln Loan to Adani for its Australian … Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 – India’s largest public sector lender State Bank of India has inked an agreement with Adani Enterprises allowing the conglomerate to avail loan up to $1 billion for the development of its infrastructure ...

  • Govt to Meet PSB chiefs on Nov 20 Contify Banking - Mon 17 Nov, 2014 8:21 PM IST

    Nov. 17 --The finance ministry has scheduled a meeting with the chiefs of government-owned banks on November 20 to review the financial performance of PSBs and progress of Pradhan Mantri Jan Dhan Yojana ...

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