Market

  • Sensex rebounds 96 points to reclaim 26K mark; Bharti Airtel up 5 pc 13 hours 55 minutes ago

    Mumbai: The benchmark Sensex rose for the first time in three sessions and closed 96 points higher to reclaim the 26,000 level on Wednesday powered by gains in bluechips, led by Bharti Airtel, on encouraging quarterly earnings. After slipping to 25,850.04 points in early trade on selling by cautious participants ahead...
  • Manipal ties up with Google India for digital marketing course 2 days ago

    Mumbai: Manipal Global Education Services on Monday said that it has tied up with internet advertising and search giant Google to launch a three-month certificate course in digital marketing aimed at business school graduates. Google India will provide the Karnataka-based with the training curriculum and the course involves classroom sessions, e-learning...
  • Nifty falls to one-week closing low on profit taking 2 days ago

    Mumbai: The Nifty fell on Monday to its lowest close in a week, as profit-taking hit shares of blue-chips such as ICICI Bank Ltd for a second consecutive session after the record highs hit last week. ICICI Bank provisionally fell 1.3 per cent, while Reliance Industries ended lower 1.8 per cent. The...
  • Mobile services market in India to be $19.2 billion in 2014: Report 3 days ago

    New Delhi: The number of mobile connections in India is expected to grow by 8 per cent to touch 815 million this year, even as the market is expected to remain at almost the same level as last year - at $19.2 billion, research firm Gartner said. The mobile user base...
  • Average CEO salary at top Sensex firms near Rs 10 crore 3 days ago

    New Delhi: The average CEO pay at India's top listed companies has risen to Rs 10 crore a year, but still remains less than one-tenth of over Rs 100 crore median remuneration paid to their peers in the US. The top executives of the country's biggest blue chip companies, forming...
  • Facebook achieved in two years what took Apple three decades 5 days ago

    New York: In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T. It's not a member of...
  • Nifty falls on profit-taking after third straight record high 5 days ago

    Mumbai: The Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips such as ICICI Bank, while software stocks declined after Wipro's US dollar revenue growth lagged rivals. ICICI Bank provisionally fell 1.8 per cent while Wipro slumped 4.4 per cent. The...
  • India to free up extra 10 million tonne wheat in open market 6 days ago

    New Delhi: India will free up another 10 million tonnes of wheat in the open market, Food Minister Ram Vilas Paswan said on Thursday after a Cabinet meeting, as part of efforts to keep a lid on food prices. The government buys rice and wheat from local farmers to build reserves...
  • Android grabs 70 per cent of the tablet market, Apple's market share slips to 25 per cent: Survey 6 days ago

    Washington: Global sales of tablet computers edged higher in the second quarter, in the slowest growth since 2009, research firm Strategy Analytics said Wednesday. The research firm said global tablet shipments reached 52.9 million units, up just six per cent from the same period a year ago. Growth was led by devices...
  • Rupee slips from two-week highs, ends at 60.12 vs US dollar 6 days ago

    Mumbai: In contrast to rising equities, the rupee on Thursday retreated from nearly two-week highs and ended three paise lower at 60.12 against the Greenback on late dollar demand from importers. The domestic currency also snapped its two-day upmove when it had gained 21 paise against the US currency. At the...
  • Nifty closes above 7800 for first time ever, Sensex ends at record high of 26,271 6 days ago

    Mumbai: The market has ended on high note after a volatile trading session. The Nifty closed above 7800 for first time ever, at 7830.60, up 34.85 points. The Sensex ended at record closing high of 26,271.85 up 124.52 points. About 1502 shares have advanced, 1456 shares declined, and 129 shares...
  • IT giant TCS crosses Rs 5 lakh crore market cap; first by an Indian company 6 days ago

    Mumbai: Tata Consultancy Services (TCS), the country's largest software services exporter, on Wednesday attained a market valuation of over Rs 5 lakh crore, becoming the first company in Indian markets to achieve this milestone. At the end of of Wednesday's trade, the market capitalisation (m-cap) of TCS soared to Rs 5,06,703.34...
  • Rupee rises 15 paise to end at over one-week high of 60.09 against US dollar 1 week ago

    Mumbai: Rupee rose 15 paise to end at over one-week high of 60.09 against US dollar on Wednesday. Extending its rising streak for the second straight session, the rupee strengthened by 12 paise to trade at 60.12 against the US dollar in early trade on Wednesday on sustained foreign capital...
  • Sensex, Nifty end at record closing high 1 week ago

    Mumbai: After a strong rally, supported by IT stocks the market made another record high at closing. The Sensex ended at record closing high of 26,147.33, up 121.53 points while the Nifty was at record closing high of 7795.75, up 27.90 points. About 1300 shares have advanced, 1659 shares declined,...
  • Sensex ends above 26000 mark, Nifty up 83.65 points July 22, 2014

    Mumbai:After a blockbuster ride, the market ended on a strong note, marking second highest closing level ever. The Sensex ended above 26,000 for second time, up 310.63 points or 1.21 per cent at 26025.80 and the Nifty was up 83.65 points or 1.09 per cent at 7767.85. About 1466 shares...
  • Rupee rises six paise to end at 60.24 against US dollar July 22, 2014

    Mumbai: Rupee rose six paise to end at 60.24 against US dollar on Tuesday. It opened at 60.22 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market on fresh selling of the US currency by exporters amid sustained foreign capital inflows. The local currency had shed two...
  • Sensex gains 321 points, Nifty closes above 7600; ICICI up 5 pc July 16, 2014

    Mumbai: Stocks rose in Europe after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The world's second largest economy expanded at a 7.5 per cent annual pace in the second quarter, the statistics bureau said, just beating the...
  • Rupee down 11 paise against dollar in early trade July 15, 2014

    Mumbai: The rupee fell by another 11 paise to trade at 60.187 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange market due to renewed demand for the American currency from importers and appreciation of the greenback overseas. Forex dealers said besides dollar's gains against other currencies...
  • Cabinet to soon decide on 10 pc ethanol blending: Dharmendra Pradhan July 14, 2014

    New Delhi: Cabinet will soon take a decision on mandatory blending of 10 per cent ethanol with petroleum, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Monday. "The government has kept the interests of farmers in mind. It has started the process and the Cabinet will soon take a...
  • Rupee down 7 paise against US dollar in morning trade July 14, 2014

    Mumbai: The rupee fell by seven paise to 60.00 against the American currency in morning trade on fresh dollar demand from banks and importers amid weak equity markets. Fresh capital outflows from foreign funds affected the value of the rupee against the dollar, a forex dealer said. The rupee resumed lower...
  • Sensex ends flat despite fall in June inflation; metals up July 14, 2014

    Mumbai: Equity benchmarks started off the week on a sluggish note with the indices falling marginally on Monday despite better inflation data, weighed down by FMCG and select banks & technology stocks. However, rally in metals and capital goods capped the downside. The 30-share BSE Sensex managed to hold the...
  • Narendra Modi feels heat from credit agencies, markets on budget July 11, 2014

    New Delhi: Prime Minister Narendra Modi is under pressure to perform on the economy after a budget packed with ambitious targets met mild scepticism from investors and credit-rating agencies and failed to dispel the latent risk of a downgrade. With varying degrees of severity, Fitch, Moody's and Standard & Poor's all...
  • Cynk: This $4.7 billion company has no assets, no revenues, no website and one employee July 11, 2014

    New York: It has no assets, no revenues and no business plan to speak of. But a company called Cynk Technology has seen its value soar as high as $4.7 billion. Wall Street analysts have been at loss to explain the spectacular 24,000 per cent rise in Cynk, which trades on...
  • Air India to formally join Star Alliance group today July 11, 2014

    New Delhi: Air India will be formally inducted as the 27th member of the Star Alliance on Friday. The ceremony will be held at Delhi's Indira Gandhi International airport where Air India is set to unveil a Boeing 787 Dreamliner and an Airbus A-320. Top officials of several major global...
  • Budget to send positive signal to foreign investors: Industrialist Lord Paul July 10, 2014

    London: Welcoming the Indian budget as "pragmatic and sensible", NRI industrialist Lord Swraj Paul said on Thursday that it would send a positive signal to foreign investors. Paul, founder-Chairman of the Caparo Group, which has sizable investments in India in the steel and automotive sectors, said, "I congratulate Finance Minister...
  • News 360: Gowda presents Rail bduget, 58 new trains, focus on safety July 8, 2014

    In the maiden Railway Budget of the Narendra Modi government, Union Minister DV Sadananda Gowda on Tuesday promised to revamp the railways and cut down on populism. Gowda said the Cabinet has been asked to clear Foreign Direct Investment in railway infrastructure and new projects should be explored through the...
  • Rupee rebounds 23 paise Vs US dollar to end at 59.78 July 8, 2014

    Mumbai: In contrast to falling equities, the rupee on Tuesday recovered 23 paise to end at 59.78 against the dollar after exporters and some banks sold the US currency. On Monday, the rupee fell by 29 paise -- logging its biggest drop in nearly three weeks. The Indian rupee on Tuesday...
  • Rupee recovers 8 paise vs dollar in early trade July 8, 2014

    Mumbai: The rupee on Tuesday recovered by 8 paise to 59.93 against the US dollar in early trade at the Inter bank Foreign Exchange market on increased selling of the American currency by exporters. Besides, strengthening of the euro and yen against the dollar in overseas market and a higher opening...
  • Sensex falls over 350 points after hitting record highs July 8, 2014

    Mumbai: The BSE Sensex and the Nifty are slump 1.4 per cent each. Both the indexes hit a record high earlier in the session. The Nifty gained as much as 0.28 per cent to touch a record high for the fourth straight session, hitting the 7,800 mark for the first...
  • Sensex hits record high above 26,000; Infosys rises July 7, 2014

    Mumbai: The Nifty is up 0.25 per cent after rising 0.5 percent to a record high of 7,791.4, its third consecutive all-time high in as many sessions. The Sensex is up 0.44 per cent after rising as much as 0.6 per cent to an all-time high of 26,116.73, surpassing the...