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MARKET COMMENTARY AND LATEST BUSINESS BUZZ

Latest News

  • Delhi Metro completes 21-metre high cross-over viaduct

    New Delhi, April 20 (IANS) The Delhi Metro Sunday announced the completion of its construction of a cross-over viaduct above the existing operational line at east Delhi's Karkarduma Metro station, 21 metres above the ground. Calling it a rare feat, the Delhi Metro said this is among the first of such achievements as it is poised to repeat similar feats in the construction of its Phase III, slated to be completed by 2016. "Construction for crossing over of Metro viaduct at the existing …

  • Karnataka orders Toyota, union to restore normalcy

    Bangalore, April 20 (IANS) The Karnataka government has ordered Toyota India and its workers' union to restore normalcy in operations with immediate effect, after there was no let-up in the month-long standoff. "The government of Karnataka, in order to maintain industrial peace and harmony, has issued an order asking the company and the union to restore normalcy in operations immediately," Toyota Kirloskar Motor Ltd. said in a statement Sunday. The statement, however, did not mention when the …

  • Legal battle over Panipat-Jalandhar expressway settled

    New Delhi, April 20 (IANS) Construction of the stalled six-lane, 291-km expressway between Panipat and Jalandhar can now resume with the Supreme Court giving relief to its developer, the Hyderabad-based Soma group, by allowing the toll plaza to be shifted. The apex court set aside an earlier verdict of the Punjab and Haryana High Court that had allowed the National Highways Authority of India (NHAI) to take over the project after the Soma-led consortium expressed difficulties in completing the …

  • Need to expedite Indo-EU FTA after new government comes: Envoy

    New Delhi, April 20 (IANS) The new Indian government should expedite negotiations on the Indo-European Union (IEU) free trade agreement (FTA), says German Ambassador to India Michael Steiner. However, the Indian automobiles industry has raised an alarm over the sector being included in the FTA, claiming it will kill investments and technology flow into the country, resulting in under-achievement of the government's automotive mission plan. Negotiations on the FTA, officially dubbed the …

  • Hyundai Motor unveils small SUV concept for China, to launch this year

    South Korea's Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market. Hyundai said it had picked popular Korean actor Kim Soo-hyun to promote the subcompact SUV ix25, to capitalise on the Korean pop culture boom in wooing Chinese customers aged between 25 and 35. Small SUVs are a bright spot in key markets from China and India to the United …

  • Rajaratnam's brother loses bid to dismiss insider trading charges
    Rajaratnam's brother loses bid to dismiss insider trading charges

    Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Friday lost a bid to dismiss some of the insider trading charges leveled against him last year. U.S. District Judge Naomi Reice Buchwald in Manhattan ruled that the indictment adequately alleged the essential elements of the crimes charged. A lawyer for Rajaratnam did not respond to a request for comment. A spokeswoman for Manhattan U.S. Attorney Preet Bharara declined to comment. …

  • English as she is spoke

    Well, one explanation is that since the car's shock absorber was defective, the tyre punctured when the vehicle went over a pothole! Such is the flexibility of the English language that no matter how much it is bent, twisted or warped, it still manages to convey what is sought to be conveyed. Needless to say that like a true Brit, Sir Mark Tully, formerly of the BBC, kept a stiff upper lip when informed of this nugget. …

  • Karnataka government orders Toyota, union to restore operations
    Karnataka government orders Toyota, union to restore operations

    Karnataka government has ordered Toyota Motor Corp and its union to restore normal operations at its local factories immediately after a month-long standoff between the Japanese auto maker and its workers, the company said. The move comes after many unionised workers at Toyota's two Indian plants near Bangalore refused to return to work despite the ending of a lockout last month over a pay dispute. Neither Toyota nor union officials at the Karnataka plants were reachable for comment over how …

  • VW has agreed budget car concept, design - manager

    Volkswagen (VOWG_p.DE) has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project's completion after a long struggle to meet cost targets for the vehicle. "The concept and design are now in place," Hans Demant, responsible for the so-called budget car project at VW, told Reuters on the eve of the Beijing auto show. Demant's comments are more upbeat than those of VW brand development chief Heinz-Jakob Neusser who said at last …

  • India's GDP quadrupled in 10 years under UPA: Anand Sharma

    Mumbai, April 19 (IANS) India created a world record of quadrupling its GDP in the past 10 years under the two UPA governments, Union Commerce Minister Anand Sharma said here Saturday. In contrast, even during the industrial revolution, countries like the US, Britain or Germany could not double their GDP in 10 years. Japan was the first country which doubled its GDP in a decade while China broke it by tripling its GDP in a decade, Sharma said, citing various reports, including the Reserve …

  • Laundry Project India to expand operations

    Chennai, April 19 (IANS) Corporate clothes launderer Laundry Project India plans to expand its business operations by setting up operations in Pune and National Capital Region (NCR) this year and also venture into leasing of linen and corporate uniforms, said a top company official. The organised laundry market size in India is around Rs.5,200 crore as per KPMG study," R.Balachandar, founder and CEO, told reporters here Saturday. He said while most of the corporates in this segment are …

  • Goa Congress unhappy with Karnataka unit over water dispute

    Panaji, April 19 (IANS) The Congress in Goa Saturday said it will ask its party's government in neighbouring Karnataka to fall in line over a water dispute being heard by a central tribunal. Congress spokesperson Durgadas Kamat told a press conference that the Karnataka government was defying a recent Mhadei Water Disputes Tribunal (MWDT) decision to erect a wall across a canal, built to divert water from the Mhadei river to the Malaprabha basin in the state. We will speak to the Congress …

  • CBI probe sought into Vadra's land deal

    New Delhi, April 19 (IANS) A plea has been filed in the Delhi High Court seeking a CBI probe into licences granted to several real estate developers, including the one with which Congress chief Sonia Gandhi's son-in-law Robert Vadra's Skylight Hospitality Pvt. In the plea, he contended that allocation of licences for developing colonies was contrary to provisions of the Haryana Development and Regulation of Urban Areas Act, 1975. The plea also sought quashing of the June 3, 2013 letter by …

  • Will Nehru-Gandhi dynasty reboot or fade out?

    Narendra Modi is not far off the mark when he says that the May 16 results will be the Congress's worst. It must be mortifying for the Congress that this figure has become something of a psychological marker. The only consolation for the Congress will be that such wild swings of fortune are not unknown in Indian politics. For the Congress, however, the focus has to be on the post-poll scenario since a defeat is staring it in the face. …

  • VW to keep adding Chinese capacity amid double-digit growth
    VW to keep adding Chinese capacity amid double-digit growth

    Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market, helped by strong economic growth in interior regions. Europe's largest carmaker said in March 2013 it was planning to almost double production capacity in China to be able to make more than 4 million vehicles in its largest market by 2018. "We will further expand our capacities to be able to respond to the high market growth," Jochem Heizmann, head of VW's China …

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    16.52+0.88+5.63%
    UNITECH.BO
    73.85+3.05+4.31%
    HDIL.BO
    13.36+0.25+1.91%
    SUZLON.BO
    718.55-6.70-0.92%
    HDFCBANKSL.BO
    57.40+2.75+5.03%
    JAIPRA.BO
  • Price % Gainers
    Price % Gainers
    NamePriceChange% Chg
    12.60+2.10+20.00%
    AGRIMONY.BO
    242.50+40.40+19.99%
    ACRYSIL.BO
    83.50+13.90+19.97%
    SICAL.BO
    46.00+7.65+19.95%
    SHRGLTR.BO
    65.25+10.85+19.94%
    AHLUCONT.BO
  • Price % Losers
    Price % Losers
    NamePriceChange% Chg
    11.60-2.70-18.88%
    ANISHAIMPEX.BO
    51.10-8.85-14.76%
    WINSOMTX.BO
    11.70-1.30-10.00%
    BLCISER.BO
    425.00-40.00-8.60%
    GCMSECU.BO
    59.40-5.55-8.55%
    JBML.BO

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    60.2800-0.005-0.01%
    INR=X
    83.2624-0.0117-0.01%
    EURINR=X
    101.2192-0.0084-0.01%
    GBPINR=X

Market Data

  • Commodities
    Commodities
    NamePriceChange% Chg
    1,295.80-7.90-0.61%
    GCQ14.CMX
    19.65+0.02+0.08%
    SIK14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM

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