Marketing

  • Rupee rises 12 paise against dollar in early trade 2 hours 2 minutes ago

    Mumbai: 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 inflows. Increased selling of dollars by banks and exporters amid sustained foreign capital inflows also supported the rupee,...
  • Nifty hits record high, Sensex up 145 points; banks, IT lead 1 hour 40 minutes ago

    Mumbai: The 50-share NSE Nifty crossed its earlier record high of 7808 hit on July 8. The index gained 35.60 points to 7803.45 and the Sensex rose 144.71 points to 26170.51 led by banks and IT stocks. The broader markets are too in upbeat mode with the BSE Midcap and...
  • Sensex ends above 26000 mark, Nifty up 83.65 points 19 hours 41 minutes ago

    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 18 hours 43 minutes ago

    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 6 days ago

    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...
  • Rupee drops most in nearly 3 weeks, down 29 paise as US dollar demand rises July 7, 2014

    Mumbai: The rupee on Monday slipped 29 paise, logging its biggest drop in nearly three weeks, to end at 60.01 versus the dollar on rising demand for the US currency from custodian banks. The rupee fell despite the stock benchmark Sensex ending above the 26,000-level for the first time in its...
  • Rupee ends flat at 59.72 vs US dollar; logs best week since May 16 July 4, 2014

    Mumbai: The rupee on Friday ended a mere one paisa higher at 59.72 against the US dollar on alternate bouts of demand and supply, wrapping up its best weekly performance since the period ended May 16. It gained 36 paise against the Greenback in the week ended on Friday on hopes...
  • Sensex, Nifty rebound to close at record highs ahead of Budget July 4, 2014

    Mumbai: Continuing its record-setting spree, the benchmark Sensex on Friday rebounded over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on hopes of reforms and a growth-oriented Budget next week. Expectations the government is prepared to tackle any crisis related to poor rains...
  • BSE pre-opening session restarts after technical snag July 3, 2014

    Mumbai: The pre-opening session of the Bombay Stock Exchange (BSE) has restarted after a technical snag forced it to close at 9:30 am on Thursday. Exchange operator BSE halted trading on Thursday morning across all of its markets, including shares, currencies and indexes due to a network outage, BSE said. BSE...
  • Sensex, Nify end flat; Tata Motors up 3 pc, Hero falls 3 pc July 3, 2014

    Mumbai: Equity benchmarks snapped four-day gains on profit-taking on Thursday weighed down by oil & gas, banks and power stocks. The 30-share BSE Sensex, which resumed trading after over three hours of halt , slipped 17.46 points to close at 25823.75 while the 50-share NSE Nifty fell 10.35 points to...
  • Rupee edges lower after surging to three-week highs July 3, 2014

    Mumbai: The rupee on Thursday surged to three-week highs in early trade but closed four paise lower at 59.73 against the dollar on weakness in local stocks and persistent demand for the American currency from importers, including oil firms. A firm dollar overseas ahead of crucial US payrolls data and a...
  • Rupee rises most in 7 weeks, ends at 59.69 vs US dollar on budget hopes July 2, 2014

    Mumbai: Indian rupee on Wednesday appreciated 38 paise -- its biggest single-day rise in seven weeks -- to close at 59.69 against the US dollar on optimism that the budget next week would contain strong measures to put finances and the economy back on track. Dollar selling by exporters amid lack...
  • Sensex ends 103 points higher on pickup in manufacturing growth, auto sales July 1, 2014

    Mumbai: The benchmark Sensex on Tuesday rose for the third straight session and closed 103 points up at a two-week high on good buying in bluechips after an uptick in manufacturing sector growth and signs of pickup in auto sales. Maruti Suzuki, Tata Motors and Hindalco shares led the rally on...
  • PC market grew only 6 per cent in 2013-2014: Report June 28, 2014

    New Delhi: The Indian IT hardware industry is expected to grow in the range of 25-30 per cent to $15.54-16.16 billion in the current fiscal, industry body MAIT said today. According to the annual MAIT Industry Performance Review (ITOPS) conducted research firm IMRB International, the IT hardware market is estimated to...
  • Rupee opens higher at 60.08 per dollar June 27, 2014

    Mumbai: The rupee on Friday opened with marginal gains of 6 paise at 60.08 per dollar on Friday as against previous day's closing value of 60.14 a dollar. Pramit Brahmbhatt of Veracity said, "Taking cues from US economic data and growing tensions in Iraq, domestic markets are expected to trade...
  • Nifty ends below 7500 on June expiry; Oil & Gas falls 4 pc June 26, 2014

    Mumbai: The 50-share NSE Nifty saw heavy selling pressure in late trade on Thursday, the expiry day for June derivative contracts, closing tad below the 7500-mark weighed down by oil & gas and banks stocks. The index slipped 76.05 points or 1 percent to close at 7493.20 and the 30-share...
  • Sensex, Nifty end flat; autos up on extension of lower tax June 25, 2014

    Mumbai: Equity benchmarks lost marginal gains Wednesday on profit booking ahead of expiry of June derivative contracts on Thursday. However, indices had rallied more than a percent amid highest ever turnover in previous session. The Sensex slipped 55.16 points to close at 25313.74 and the Nifty fell 10.95 points to...