The New Indian Express - Business - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Wed, 16 Apr 2014 18:45:14 +0530 Wed, 16 Apr 2014 18:12:03 +0530 Business Sensex ends 208 points lower; realty, IT, capital goods drag Indian markets settled sharply loweron Wednesday led by losses Wed, 16 Apr 2014 17:18:00 +0530 IndusInd Bank Q4 Net up 29% at Rs 396 Cr; Declares 35% dividend Wed, 16 Apr 2014 16:46:08 +0530 Sensex Falls for 3rd Day; Loses 208Pts as IT, Realty Stocks Hit Selling pressure gathered momentum as rising inflation fuelled fears the Reserve Bank of India might keep the key interest rates high. Wed, 16 Apr 2014 16:43:36 +0530 DGCA Grounds 11 Pilots of GMR Wed, 16 Apr 2014 16:37:27 +0530 Cairn Energy Seeks Shareholder Nod to Sell Cairn India Stake Wed, 16 Apr 2014 16:30:31 +0530 Infosys Had Bet on Transformational Value of Tech, Services Wed, 16 Apr 2014 16:29:35 +0530 Software Stocks Drag Shares to 2-1/2 Week Closing Low TCS provisionally fell 2.9 percent, Wipro lost 2.7 percent while Infosys Ltd slumped 3 percent. Wed, 16 Apr 2014 16:04:03 +0530 Gold Recovers on Scattered Buying; Silver Remains Weak Wed, 16 Apr 2014 15:57:55 +0530 EC Asks CBDT to Cancel Tax Benefits of Defaulting Pol Parties Wed, 16 Apr 2014 15:57:11 +0530 Nokia India Appoints Sembian as New Head of Chennai Factory Wed, 16 Apr 2014 15:40:51 +0530 Hiring Activity Stable in March, up 12% Over Last Year: Naukri Wed, 16 Apr 2014 15:38:47 +0530 Lok Sabha Elections Fail to Rev up SUV Sales This Year Wed, 16 Apr 2014 15:37:24 +0530 Dr Reddy's Launches Insomnia Drug in US; Glenmark Gets FDA Nod Wed, 16 Apr 2014 15:34:23 +0530 Assocham Asks EC to Clarify on Pending Environment Approvals Wed, 16 Apr 2014 15:32:50 +0530 Adani Group stocks rally on hopes Modi may form next govt Adani Group shares rallied on Wednesday on hopes that Wed, 16 Apr 2014 15:19:00 +0530 RCom gains after hike in tariffs by up to 20% Reliance Communications (RCom), one of the lead Wed, 16 Apr 2014 14:19:00 +0530 Comex gold futures up 0.1%; silver climbs 0.3% Wed, 16 Apr 2014 14:18:00 +0530 Gold futures down 0.4% to Rs 28,448; silver falls 0.3% Domestic gold and silverfutures are trading lower in noon Wed, 16 Apr 2014 14:18:00 +0530 Sensex Trades Flat During Pre-Noon Session Good buying was seen in metal and banking sectors, while selling pressure was seen in IT and capital goods sectors. Wed, 16 Apr 2014 14:07:43 +0530 Punj Lloyd climbs on new order worth Rs 32.54 bn Punj Lloyd, engaged into engineering, procurement and construction (EPC), Wed, 16 Apr 2014 13:19:01 +0530 Jubilant FoodWorks rises as RBI hikes FII limit to 55% Jubilant FoodWorks, operator of Dominos pizza stores,gained on Wednesday Wed, 16 Apr 2014 13:19:01 +0530 Infosys drops after ADR declines Infosys, Wed, 16 Apr 2014 13:19:01 +0530 Glenmark gains on final ANDA approval for Eszopiclone Glenmark Pharmaceutical, a manufacturer of generic formulation products and Wed, 16 Apr 2014 13:19:00 +0530 INR weakens against USD, down marginally to 60.24 Indian rupee went down against US dollar in noon Wed, 16 Apr 2014 13:18:00 +0530 Sensex turns negative; IT stocks fall Indian equities turned negative in the noon trade onWednesday Wed, 16 Apr 2014 13:18:00 +0530 Brent crude futures down 0.2% to USD 109.2 a barrel Crude oil futures are trading mixed on Wednesday. May Wed, 16 Apr 2014 12:18:00 +0530 Sensex remains flat; banks, metals lead Indian markets continued to trade flat amid volatility on Wed, 16 Apr 2014 12:18:00 +0530 Ron Somers Quits as Head of US-India Business Body Wed, 16 Apr 2014 11:53:26 +0530 Asian Shares up on China Relief, Softbank Stars Wed, 16 Apr 2014 11:49:35 +0530 Sensex trades flat; bank up, IT down Indian markets are trading flat on Wednesday. Bank, consumer Wed, 16 Apr 2014 11:18:04 +0530 Gold futures down 0.5% at Rs 28,434; silver falls 4% Precious metals declined on Wednesday. June 2014 gold futures Wed, 16 Apr 2014 11:18:04 +0530 Chevrolet Bringing Tiny Trax SUV to US and China The Chevrolet Trax will go on sale in the U.S. and China early next year. General Motors Co. unveiled the 2015 model Tuesday evening ahead of the New York International Auto Show. Wed, 16 Apr 2014 10:42:39 +0530 Rupee opens down 5 paise against US dollar Indian rupee declined in opening trade on Wednesday against Wed, 16 Apr 2014 10:18:00 +0530 Sensex opens flat; Wipro up, RIL down Indian equities flat in early trade on Wednesday snapping Wed, 16 Apr 2014 10:18:00 +0530 Dollar-rupee futures down marginally at 60.41 Dollar-rupee futures slightly declined in early trade on Wednesday. Wed, 16 Apr 2014 10:18:00 +0530 Sensex Up 28 Points in Early Trade The benchmark BSE Sensex recovered over 28 points in early trade today on emergence of buying by funds and retail investors amid a firming trend in global markets. Wed, 16 Apr 2014 10:02:54 +0530 Indian ADRs mixed; Wipro up, Infosys down Indian ADRs mixed on Tuesday. Wipro climbed the most Wed, 16 Apr 2014 09:18:00 +0530 Gold futures settle down 2% to USD 1,300; silver falls 2.6% Gold and Silver settled sharply lower in futures market Wed, 16 Apr 2014 09:18:00 +0530 Industrial metals settle 1.48% lower; Copper led Industrial metals declined in global markets on Tuesday. The Wed, 16 Apr 2014 09:18:00 +0530 Rlys Seeks Fresh Energy Via Portal The Indian Railways has launched a portal to facilitate energy saving up to 15 per cent by the year 2020 through improved energy efficiency measures and to help the Railways in evolving future strategies for further intensifying energy conservation efforts. Wed, 16 Apr 2014 08:55:39 +0530 India stock index futures signal flat open Indian equities are likely to open flat tracking mixed Wed, 16 Apr 2014 08:18:01 +0530 Oil falls to USD 103.75 a barrel Crude oil prices settled lower in futures market on Wed, 16 Apr 2014 08:18:00 +0530 Equity will remain favored asset class for next 5-6 years: Manish Sonthalia ''I expect domestic institutions to see increased corpus in Wed, 16 Apr 2014 08:18:00 +0530 US stocks settle higher US stock markets closed higher on Tuesday. The Dow Wed, 16 Apr 2014 08:18:00 +0530 European markets ends lower European stock markets closed lower on Tuesday. Europe's leading Wed, 16 Apr 2014 08:18:00 +0530 Asian markets rise in early trade Asian stock markets are trading higher on Wednesday. Japan's Wed, 16 Apr 2014 08:18:00 +0530 BofA-ML Expects RBI to Hold Policy Rates Till December With inflation set to fall only by December, 2014, the first rate cut this fiscal is expected only in March, according to the US brokerage Bank of America-Merrill Lynch (BofA-ML). Wed, 16 Apr 2014 06:00:00 +0530 Costlier Food Items Push Inflation to 5.7% Surging prices dash industry’s hopes of a rate cut by Reserve Bank in its forthcoming monetary policy review in June Wed, 16 Apr 2014 06:00:00 +0530 With Murthy at Helm, Attrition Rate Up to 18.7% The exodus in IT major Infosys is not limited to top level management but also with the other staff as the company reported an attrition rate of 18.7% in the fourth quarter of FY14 against  16.3% in the same period last year. Wed, 16 Apr 2014 06:00:00 +0530 Infy Beats the Street with 4.1% Growth in Q4 Net The country’s third largest software exporter Infosys on Tuesday  beat Street expectations with a net profit of `2,992 crore in fourth quarter of FY14, compared to `2,875 crore posted in Q3, registering a growth of 4.1%. Wed, 16 Apr 2014 06:00:00 +0530 Diageo Makes Rs 11,448.91 cr Offer for 26% Stake in USL The London-based maker of Johnnie Walker scotch and Smirnoff vodka,  Diageo Plc on Tuesday made  a second attempt to buy a controlling stake in liquor-to-airlines tycoon Vijay Mallya-led United Spirits Limited (USL) Wed, 16 Apr 2014 06:00:00 +0530 Shibulal Says he is Leaving Behind a Stronger Infosys Wed, 16 Apr 2014 00:24:38 +0530 Petrol Price Cut by 70 Paise a Litre Tue, 15 Apr 2014 19:50:19 +0530 Jet Airways to Temporary Shift Operations to Sharjah Jet Airways said it will shift its Dubai-based operations to Sharjah due to the closure of runway at Dubai airport from May 1 to July 20, 2014. Tue, 15 Apr 2014 18:36:13 +0530 Equity will remain favored asset class for next 5-6 years: Manish Sonthalia ''I expect domestic institutions to see increased corpus in Tue, 15 Apr 2014 18:18:00 +0530 Rupee declines 6 paise against dollar to settle at 60.23 Indian rupee declined on Tuesday against US dollar. Rupee Tue, 15 Apr 2014 18:18:00 +0530 SpiceJet Adds Fuel Surcharge Component to Base Fare To make fare pricing more transparent, budget carrier SpiceJet Tuesday removed the “fuel surcharge” add-on component as a separate charge and consolidated it with the base fare. Tue, 15 Apr 2014 18:10:58 +0530 Young Techies Leaving Infosys in Droves It is not only senior executives who have left or are leaving India’s iconic software firm Infosys, but also its young techies in droves. Tue, 15 Apr 2014 17:59:02 +0530 Oil Min to Move Cabinet to Allow RIL to Retain Gas Finds Tue, 15 Apr 2014 17:51:27 +0530 New Govt's Policy Initiatives to Determine Credit Ratings: S and P Tue, 15 Apr 2014 17:28:26 +0530 Arvind Mayaram Appointed New Finance Secretary Tue, 15 Apr 2014 17:26:07 +0530 Costlier Food Items Push Inflation Higher at 5.7% in March Tue, 15 Apr 2014 17:25:23 +0530 Mango May Cost More This Yr as Production Seen down by 20% Tue, 15 Apr 2014 17:10:05 +0530 Cadila, Zydus to Settle Patent Infringement Case with Depomed Tue, 15 Apr 2014 17:06:06 +0530 Wipro gets BSE, NSE approval to merge subsidiaries with itself Tue, 15 Apr 2014 17:03:22 +0530 United Spirits Stock up Nearly 12% on Diageo Open Offer Tue, 15 Apr 2014 17:01:25 +0530 Sensex Falls 144 Points as Inflation Rises Selling pressure centred around financial and interest-sensitive stocks on fears RBI may keep interest rates high due to rise in inflation. Tue, 15 Apr 2014 16:48:44 +0530 Asian markets end mixed; Nikkei up, Hang Seng down Asian stock markets closed on a mixed noteon Tuesday. Tue, 15 Apr 2014 16:18:00 +0530 US stock futures signal lower Wall Street open US stock markets are likely to open lower on Tue, 15 Apr 2014 16:18:00 +0530 Sensex ends 144 points lower; realty, metal, banks drag Indian market settledloweron Tuesday. Realty, metal and banking stocks Tue, 15 Apr 2014 16:18:00 +0530 MCX climbs as FTIL shortlists 9 bidders to buy MCX stake Multi Commodity Exchange of India (MCX), the largest commodity Tue, 15 Apr 2014 15:19:01 +0530 Sensex sheds some losses; HDFC, JSPL, Hindalco top losers Indian equities remained in thenegative zoneon Tuesday. Realty, metal Tue, 15 Apr 2014 15:18:00 +0530 Yes Bank plunges as JP Morgan downgrades rating YES Bank, one of the leading private sector banks, Tue, 15 Apr 2014 14:19:01 +0530 Clariant jumps after selling Thane land for Rs 11.54 bn Clariant Chemicals (India), an India-based specialty chemicals manufacturing company, Tue, 15 Apr 2014 14:19:01 +0530 Dollar-rupee futures up 12 paise to trade at 60.53 Dollar-rupee futures gained on Tuesday. USDINR April contract was Tue, 15 Apr 2014 14:18:00 +0530 Sensex drops 189 points; Mid and small caps outperform Indian equities remained lowerin the post noon trade on Tue, 15 Apr 2014 14:18:00 +0530 United Spirits surges on Diageo open offer United Spirits, engaged in manufacturing of beverage alcohol, surged Tue, 15 Apr 2014 13:19:00 +0530 INR weakens against USD, down 17 paise to 60.34 Indian rupee went down against US dollar in noon Tue, 15 Apr 2014 13:18:02 +0530 Sensex down nearly 200 points; auto, metal, banks weigh Indian equities fell sharply lowerin the post no Tue, 15 Apr 2014 13:18:02 +0530 European stocks mixed in early trade European stock markets are trading mixed on Tuesday.Europe's leading Tue, 15 Apr 2014 13:18:02 +0530 European stock index futures signal higher open European stocks likely to open Tue, 15 Apr 2014 13:18:01 +0530 Diageo in 1.9 Billion Dollar Bid to Raise Stake in India's United Spirits London-based Diageo Plc on Tuesday relaunched a bid to increase its stake in India's United Spirits Ltd, making a $1.9 billion bet on rising incomes in a country where consumption of alcohol remains relatively low. Tue, 15 Apr 2014 12:49:09 +0530 Sensex falls 171 points down; HDFC, JSPL drag Indian equities slipped furtheron Tuesday led by losses seen Tue, 15 Apr 2014 12:18:00 +0530 Infosys jumps on upbeat Q4 earnings; m-cap jumps Rs 58 bn Infosys shares rallied on Tuesday after the India's second Tue, 15 Apr 2014 11:19:00 +0530 Sensex falls 130 points; auto, banks, metal drag Indian equities are trading on negative note on Tuesday. Tue, 15 Apr 2014 11:18:00 +0530 Rupee opens down 12 paise against US dollar Indian rupee declined in opening trade on Monday against Tue, 15 Apr 2014 11:18:00 +0530 Sensex Up 108 pts in Early Trade; Infosys Surges over 3 pc The benchmark BSE Sensex rose over 108 points in early trade today, following gains in IT stocks, after Infosys reported a better-than-expected rise of 24.9 per cent in Q4 net profit at Rs 2,992 crore. Tue, 15 Apr 2014 10:20:27 +0530 Sensex fall in early trade led by banks; IT stocks rally on Infy nos. Indian equities are trading lower in early trade Tue, 15 Apr 2014 10:18:00 +0530 Corporate America Committed to Long-term Investment in India Tue, 15 Apr 2014 10:13:59 +0530 Rupee Falls 14 Paise against US Dollar in Early Trade Tue, 15 Apr 2014 09:59:45 +0530 Infosys Net Up 25 Per cent in Fourth Quarter Infosys Ltd posted net profit of Rs.2,992 crore for fourth quarter (January-March) of this fiscal, registering 25 percent growth year-on-year (YoY) as per the Indian accounting standard. Tue, 15 Apr 2014 09:55:56 +0530 High Profile Exits May Hit Infy Q4 Earnings The country’s third largest software exporter to kick start the performance results for the IT sector for the fiscal today Tue, 15 Apr 2014 06:00:00 +0530 LIC Trims Stake to 3.5%, Mops up Rs 850 crore Insurance major, Life Insurance Corporation (LIC) has reduced their stake in Bangalore-based IT major Infosys to 3.25 per cent in the fourth quarter (January-December Fy14) from 3.71 per cent held in the third quarter (October-December Fy14). Tue, 15 Apr 2014 06:00:00 +0530 Novartis Sues Dr Reddy's Labs Over Patent Infringement Novartis Pharmaceuticals Corporation moved the District Court of Delaware, US against city-based Dr Reddy’s Laboratories Ltd (DRL) for alleged infringement of its patents. Tue, 15 Apr 2014 06:00:00 +0530 Mergers and Acquisition Activity to Pick Up Post Elections: Experts The overall deal size of mergers and acquisitions in India could well be over $30 billion this year if the ongoing Lok Sabha polls lead to the installation of a stable government at the Centre, Grant Thornton data said on Monday. Tue, 15 Apr 2014 06:00:00 +0530 Sebi Pitches for Fin Subjects in School Syllabus Market watchdog Securities and Exchange Board of India (Sebi) has suggested the inclusion of additional financial concepts related to capital markets in school syllabus to broaden the horizon of students keen to pursue finance as a subject after passing out school. Tue, 15 Apr 2014 06:00:00 +0530 Households Dominate Bank Deposit Ownership: RBI Household sector continues to dominate the deposits ownership pipping government outfits, non-financial corporates, financial and foreign sectors, according to data released by the Reserve Bank of India. Tue, 15 Apr 2014 06:00:00 +0530 FICCI Discusses IPR, Other Issues with US Delegation Mon, 14 Apr 2014 23:05:12 +0530 TCS Ties up with Twitter India for Election App Mon, 14 Apr 2014 22:44:57 +0530 Hyundai Expects Better Sales in 2014 on Back of New Launches Mon, 14 Apr 2014 20:26:25 +0530