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Investor wealth grows 10 times in a decade
Sensex scales new peak, Nifty eyes 8,600  (28 November 10:47 am) 
The benchmark BSE Sensex spurted to a new peak of 28,765.52 and the NSE Nifty scaled a life-time high of 8,591.40 in opening trade on Friday as December series in the derivative segment commenced...
The rupee depreciated by 6 paise to trade at 61.93 against the U.S. dollar in early trade on Friday, extending Thursday’s weakness due to sustained month-end demand for the American currency from...
Sensex, Nifty hit new peak  (28 November 10:15 am) 
The Sensex soared 326.61 points on Friday to hit new peak of 28,765.52. The Nifty too jumped 97.20 points to an all-time high of 8,591.40 in opening trade. ...
The Telecom Regulatory Authority of India (TRAI) has recommended a reserve price of Rs.3,104 crore per megahertz for CDMA spectrum, which is 15 per cent more than the rate it had proposed in Febru...
The Reserve Bank of India (RBI), on Thursday, issued final guidelines for small finance banks and payments banks, paving the way for mobile firms and supermarket chains, among others, to enter the...
Suitors line up for niche banks  (27 November 10:47 pm) 
With the Reserve Bank of India issuing final licensing norms for small finance and payments banks, a host of potential suitors, including Shriram Capital and Muthoot Finance, on Thursday evinced i...
Mining giants are enthusiastic at the ‘Made in India’ call by Prime Minister Narendra Modi and call for a re-look at the approach by the government to various mining proposals to make it
Tatas bet big on mobile wallet services  (27 November 10:47 pm) 
Achieves over one million transactions, taken place across 2,500 outlets
Wayne Burt Capital, a deep value fund backed by U.S. and European PE funds, has set aside a seed capital of $100-150 million to acquire petrochemicals and power plants. Company officials hav...
The task involves modernising 1.29 lakh rural post offices, which would be automated and loaded with software, enabling these outlets to become vehicles for financial inclusion.
Corporation Bank has decided to allow unlimited free transactions on its ATMs for savings bank account holders of the bank. The bank at present has 2,776 ATMs across the country. ...
Cipla and Strides Arcolab on Thursday signed collaboration agreements with Medicines for Malaria Venture (MMV) for the development of rectal artesunate for pre-referral treatment of childr...
The Reserve Bank of India (RBI) on Thursday said banks could extend loans to individuals against long-term bonds issued by them. This would “provide liquidity to retail investors who are i...
Avantha sells stake in Crompton Greaves  (27 November 10:15 pm) 
Avantha Holdings, promoter of Crompton Greaves, sold 5.2 crore shares or 8.29 per cent stake in the firm for over Rs.1,000 crore in open market transaction on Thursday. According to the bu...
Joint deal for Pune residential project  (27 November 10:15 pm) 
In a joint development deal, Puravankara Projects, Oxford Group and Ekta World will jointly develop close to 30 acres of prime residential land in Mundhwa, Pune. The joint venture arrangem...
Henkel-FDDI Shoe Academy  (27 November 10:15 pm) 
Henkel Adhesive Technologies India along with the Footwear Design and Development Institute (FDDI) has inaugurated the Henkel-FDDI Shoe Academy in the Noida campus. Henkel has also announc...
Direct selling sales growth falls to 4.3%  (27 November 08:48 pm) 
Due to issues such as regulatory bottlenecks plaguing the industry, the sales growth of direct selling sector in India slowed to 4.3 per cent in 2013-14 from 12.2 per cent in the last fiscal.
Essar Steel has commissioned its integrated pellet complex in Odisha. The complex comprises an iron ore beneficiation facility at Dabuna (Keonjhar), 6 million tonne per annum (mtpa) pellet plant a...
E-visa facility launched for 43 countries  (27 November 07:47 pm) 
In a move that is expected to ease visa processing and help increase of tourist inflow to India, the government on Thursday rolled out the much-awaited electronic-visa system for visitors from 43...
In dull trade, Indian rupee today snapped its two-day rise and fell back by three paise to end at 61.87 against the Greenback on month-end dollar demand from importers.The rupee had fallen t...
Gold extends losses on weak global cues  (27 November 04:47 pm) 
Extending losses for the third straight session, gold prices on Thursday fell by Rs. 100 to Rs. 26,780 per ten gram at the bullion market in the national capital on sustained selling by stockists,...
In choppy trade, the benchmark Sensex on Thursday rose 53 points on the back of gains in shares of BHEL, Hindalco and Infosys ahead of quarterly GDP data release tomorrow and the RBI’s monetary
Finance Minister Arun Jaitley is likely to impress upon RBI Governor Raghuram Rajan the need for a cut in interest rate when he meets him on Monday ahead of the Central bank’s bi-monthly monetary...
Alstom T&D India has been awarded a Rs. 56 crore contract by Ceylon Electricity Board (CEB) to monitor and control Sri Lanka’s electricity transmission network.Alstom will supply energy...