India Business News

India's industrial output rises by 3.4 percent in April

by sulekha news on Jun 12 2014 6:13PM IST

New Delhi, June 12 (IANS) India's industrial output rose by 3.4 percent in April, led by a healthy 12 percent growth in electricity production, government data showed Thursday.

India's apparel exports rise by 25 percent in May

by sulekha news on Jun 12 2014 5:43PM IST

New Delhi, June 12 (IANS) Apparel exports from India jumped by 24.96 percent to $1.49 billion in May, helped by strong demands in non-traditional markets like Latin America, West Asia, Southern Africa and East Asia, even though shipments to the US and Europe remained sluggish.

Sensex gains 102 points; healthcare stocks rise (Roundup)

by sulekha news on Jun 12 2014 5:43PM IST

Mumbai, June 12 (IANS) A benchmark index of Indian equities markets Thursday ended trade 102 points or 0.40 percent up as healthcare, automobile and bank stocks gained.

With new government, hiring is stabilising: Report

by sulekha news on Jun 12 2014 4:52PM IST

Mumbai, June 12 (IANS) E-recruitment firm Naukri.com Thursday said it expects the hiring sentiment to grow in the coming months due to confidence returning in the economy as a new and stable government has taken charge at the centre.

Sensex closes 102 points up; healthcare stocks rise

by sulekha news on Jun 12 2014 4:24PM IST

Mumbai, June 12 (IANS) A benchmark index of Indian equities markets Thursday ended trade 102 points or 0.40 percent higher as healthcare, automobile and bank stocks gained.

Theme for rupee still remains gradual depreciation (Column: Currency Corner)

by sulekha news on Jun 12 2014 4:23PM IST

It has nearly been a month since the historic BJP electoral sweep. We have seen equities climb to record highs on expectations that the Modi government led reforms will finally unlock India's true economic potential. Mid-cap and small-cap stocks have outperformed blue chips in recent weeks indicating that the risk appetite is returning to the Indian markets. Gold has witnessed a correction and FII has flowed into the debt markets with the ten year yield having fallen 50 basis points since April.

Cargo handling terminals at 24 airports

by sulekha news on Jun 12 2014 4:23PM IST

New Delhi, June 12 (IANS) Air cargo handling terminals will be developed at 24 airports, identified by the Airports Authority of India (AAI).

Bangladesh allows transit of foodgrain to northeast India

by sulekha news on Jun 12 2014 4:23PM IST

Agartala, June 12 (IANS) In a highly significant move that was evidently cleared at the highest level, Bangladesh is allowing India to ferry foodgrain to the landlocked northeastern states using its territory and infrastructure.

Tata appoints Sunil Sinha as resident director for MENA region

by sulekha news on Jun 12 2014 4:20PM IST

New Delhi, June 12 (IANS) Tata Sons, the investment holding company of $97 billion Tata Group, Thursday appointed Sunil Sinha as resident director for Middle East and North Africa (MENA) region and said it will set up an office in Dubai in collaboration with its overseas unit Tata International.

Sensex up 76 points; metal stocks gain

by sulekha news on Jun 12 2014 4:20PM IST

Mumbai, June 12 (IANS) A benchmark index of Indian equities markets was Thursday trading up 76.07 points or 0.30 percent as metal, oil and gas and consumer durables stocks gained.

Murthy to step down, Sikka is new CEO of Infosys

by sulekha news on Jun 12 2014 4:19PM IST

Bangalore, June 12 (IANS) In a dramatic development, India's second largest global software major Infosys Ltd. Thursday announced that Vishal Sikka would be its new chief executive and managing director from Aug 1. Co-founder and chairman N.R. Narayana Murthy will step down June 14.

Sensex trades flat; oil and gas stocks rise

by sulekha news on Jun 12 2014 2:05PM IST

Mumbai, June 12 (IANS) A benchmark index of Indian equities markets was Thursday trading up 54 points or 0.21 percent as oil and gas and healthcare stocks gained.

Murthy to step down, Sikka new Infosys CEO

by sulekha news on Jun 12 2014 1:24PM IST

Bangalore, June 12 (IANS) Indian IT bellwether Infosys Thursday announced that its co-founder N.R. Narayana Murthy will step down June 14 and Vishal Sikka will be its new chief executive officer (CEO) and managing director from Aug 1, said a statement here.

Murthy to step down, Sikkar new Infosys CEO

by sulekha news on Jun 12 2014 12:32PM IST

Bangalore, June 12 (IANS) Indian IT bellwether Infosys Thursday announced that Vishal Sikka would be its new chief executive officer and managing director from Aug 1, said a statement here.

Modi for use of hi-tech in farming to curb price rise

by sulekha news on Jun 11 2014 7:42PM IST

New Delhi, June 11 (IANS) Use of modern technology in farming and proper management with the help of real-time data will help curb food inflation, Prime Minister Narendra Modi said Wednesday.