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India’s manufacturing activity expanded at its slowest pace in five months in February as a slowdown in new orders dragged on overall output, a business survey showed on Monday. The HSBC...
RBI eyes sub-6% inflation by Jan 2016  (02 March 11:47 am) 
Central bank, govt sign pact on inflation targeting
The Budget outlines several much-needed measures for development of the financial sector. The three notable aspects are the focus on innovation, steps towards structural strengthening, and move to...
“Positive balanced budget - focus on investment, growth and security with a clear roadmap for coming years. The increased allocation to infrastructure, including rural infrastructure, lowering of...
Rupee trading a tad weak at 61.84  (02 March 11:47 am) 
The rupee wiped off its initial losses, but was still trading a tad weak at 61.84 against the dollar due to dollar\'s strength against other currencies overseas. The rupee opened weak by 7...
Shares of road developers were on the uptrend in the Monday morning session with the National Highway Authority of India’ capital expenditure being raised in the Budget. IRB Infrastructur...
Asian stocks edged higher on Monday as China’s week-end interest rate cut partially offset soft US data, while the dollar hit an 11-year high against a basket of currencies. China had on...
Axis Bank extends rally, up 4% on BSE  (02 March 11:47 am) 
Private sector lender Axis Bank extended Saturday’s firm trend into trading on Monday. At 10.40 am it was the top gainer on the BSE, quoting at Rs 637.70. This represented a gain of 3.96 per cent...
BPCL flares up nearly 4% on NSE  (02 March 11:47 am) 
BPCL flared up 3.79 per cent to lead the pack on the NSE in the Monday morning session. At 10.50 am it was trading at Rs 774.50 as against Rs 746.20 at close on Saturday. Axis Bank held...
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Pitches for transparency in appointment of independent directors
Fire at gas pipeline in Telangana  (02 March 11:47 am) 
A fire broke out today in a natural gas pipeline that ferries gas from Reliance Industries’ eastern offshore KG-D6 field in Telangana.No loss of life or injury has been reported.The...
A Space Exploration Technologies rocket blasted off from Cape Canaveral Air Force Station on Sunday to put the world\'s first all-electric communications satellites into orbit.The 22-story t...
Shares of state-run oil marketing companies today surged as oil retailers have increased the petrol and diesel prices with effect from Sunday. However, international crude prices fell 1 per...
When expectations are high ...  (02 March 10:47 am) 
In the run-up to the Budget presentation on Saturday February 28, expectations from the Finance Minister Arun Jaitley were running very high. Dispassionate observers were aware that the level of e...
Shares of airline companies such as Jet Airways and SpiceJet are expected to trade lower as oil retailers have hiked jet fuel prices by 8.7 per cent.Fuel contributes nearly one third of the...
CLSA has downgraded India’s biggest cigarette maker ITC to “sell’’ from “buy’’ and has cut the target to Rs 330. Shares of ITC slipped 8 per cent on Saturday after the budget raised
The Government has proposed to bring more sectors such as medium enterprises and renewable energy under priority sector lending by banks. The Reserve Bank of Indian has set a target of 4...
Crude oil falls on oversupply concerns  (02 March 10:47 am) 
Oil stayed in the red on Monday on oversupply concerns despite partly recovering from earlier losses after a private business survey showed an improvement in China’s manufacturing sector in
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Some infrastructure sector stocks such as IVRCL, IL&FS Engineering, L&T, NCC and GVK were among those that registered gains in the morning trade on the BSE. As the various provis...
India’s budget for 2015-16 highlighted the government’s commitment to keeping the
Indian bonds and the rupee fell in early trading on Monday after the government set a higher-than-expected fiscal deficit target for the 2015-16 year as part of the federal budget unveiled on Satu...
The Finance Ministry has announced detailed guidelines for three social security schemes announced in the Budget. Though anyone can enrol in these schemes, it mainly aims to cover workers of unorg...
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