India Business News

Sensex trades in red after RBI keeps key rates unchanged

by sulekha news on Jun 3 2014 4:19PM IST

Mumbai, June 3 (IANS) A benchmark index of Indian equities markets marginally fell by 29.22 points or 0.12 percent in the intra-day trade after the apex bank kept the key policy rates unchanged Tuesday.

India's central bank leaves policy rates unchanged

by sulekha news on Jun 3 2014 4:19PM IST

Mumbai, June 3 (IANS) India's central bank Tuesday kept key policy rates unchanged but slightly reduced the money commercial banks have to mandatorily hold, indicating it will await further signals from the economy and the national budget next month before acting.

Hilton Chennai retails mangoes on push cart

by sulekha news on Jun 2 2014 9:42PM IST

Chennai, June 2 (IANS) Those who walk into the five star hotel Hilton Chennai would be surprised to see a small four-wheeled push cart loaded with different varieties of mangoes.

Shriram Life posts marginal growth in net profit

by sulekha news on Jun 2 2014 9:32PM IST

Chennai, June 2 (IANS) Private life insurer Shriram Life Insurance Company Ltd closed last fiscal with marginal growth in its net profit, even though there was a dip in the fresh premium income, the company said.

Eight core industries grow 4.2 percent in April

by sulekha news on Jun 2 2014 8:22PM IST

New Delhi, June 2 (IANS) Eight core industries such as coal, electricity, crude oil, cement and steel, grew 4.2 percent in April this year, compared to 3.7 percent during the corresponding month of last year, official data showed Monday.

IT industry welcomes Telangana

by sulekha news on Jun 2 2014 8:12PM IST

Hyderabad, June 2 (IANS) The information technology sector Monday welcomed formation of a separate Telanana state and hoped that the new government will give further impetus and bring in clarity on industry related policies.

Minister meets power, coal, MNRE officials for better synergy

by sulekha news on Jun 2 2014 7:22PM IST

New Delhi, June 2 (IANS) Following Prime Minister Narendra Modi's call to ministers to empower the bureaucracy towards improving work culture, Minister of State Piyush Goyal, with independent charge of the ministries of power, coal and new and renewable energy (MNRE), organised a conclave Monday of officers of all three ministries for developing better synergy between them.

Sensex surges 467 points; capital goods stocks zoom (Roundup)

by sulekha news on Jun 2 2014 6:12PM IST

Mumbai, June 2 (IANS) A benchmark index of Indian equities markets Monday closed 467.51 points or 1.93 percent up on positive global cues and heavy buying in interest-sensitive stocks ahead of the Reserve Bank of India's (RBI) bi-monthly monetary policy review.

May automobile sales a mixed bag (Roundup)

by sulekha news on Jun 2 2014 6:02PM IST

New Delhi, June 2 (IANS) Dented by high fuel and interest costs in a slower economy, automobile manufacturers reported mixed sales for last month.

Sitaraman asks CMs to implement boilers inspection scheme

by sulekha news on Jun 2 2014 5:52PM IST

New Delhi, June 2 (IANS) Commerce Minister Nirmala Sitharaman has written to all state chief ministers to implement the self-certification scheme for inspection and certification of boilers under the provisions of the Boilers Act, 1923, the commerce ministry said in a statement here Monday.

Ford India doubles its May sales

by sulekha news on Jun 2 2014 4:52PM IST

Chennai, June 2 (IANS) Car maker Ford India Monday said it sold 12,288 units last month, up from 5,993 sold in May 2013.

Sensex closes nearly two percent up; capital goods stocks rise

by sulekha news on Jun 2 2014 4:42PM IST

Mumbai, June 2 (IANS) A benchmark index of Indian equities markets Monday closed 467.51 points or 1.93 percent up, as capital goods stocks rose.

Wipro wins order for cloud-based service

by sulekha news on Jun 2 2014 4:22PM IST

Bangalore, June 2 (IANS) IT bellwether Wipro has bagged an order to provide cloud-based managed services to digital cable and broadband service provider DEN Networks.

RBI likely to hold interest rates in Tuesday policy review

by sulekha news on Jun 2 2014 4:22PM IST

New Delhi, June 2 (IANS) The Reserve Bank of India (RBI) is likely to keep interest rates unchanged when it reviews its monetary policy Tuesday as its first major exercise after the installation of the new union government.

TVS Motor logs sales growth in May

by sulekha news on Jun 2 2014 4:21PM IST

Chennai, June 2 (IANS) Two- and three-wheeler manufacturer TVS Motor Company Ltd. closed May with 27 percent sales growth, the company said Monday.