Business

Mumbai: The benchmark BSE Sensex reclaimed 28,000-level for the first time since December 9 and the NSE Nifty shot up by 22 points to trade above 8,400-mark in opening trade today on sustained fund inflows. Rising for the seventh straight…
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Mumbai: State-run Central Bank of India is in the process of raising Rs 660 crore through conversion of perpetual non-cumulative preference shares (PNCPS) held by the government into equity shares. "We are converting our PNCPS into equity…
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New Delhi: Indian companies have lined up initial public offers (IPOs) worth at least Rs 8,000 crore in 2015 to fund business expansion and meet working capital requirements on expectations that the bullish trend in the stock markets would…
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Mumbai; Wagon manufacturer Titagarh Wagons is looking to tap the African and MENA regions as it eyes nearly two fold increase in exports to about Rs 120 crore by FY16, a top company official said. The company is also expecting to clock…
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Singapore :  Oil prices rose today in thin Asian trading during the first session of the New Year, as dealers welcomed a larger-than-expected drop in US crude stockpiles, analysts said. West Texas Intermediate for February delivery, the US…
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New Delhi: India's manufacturing sector grew at its fastest pace in two years in December, ending 2014 on a high note on strong orders flows, including from abroad, an HSBC survey said today. The headline HSBC India Purchasing Managers'…
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Mumbai: The benchmark BSE Sensex rallied over 325 points and Nifty reclaimed the 8,350 level in morning trade on across the board buying, led by banking, oil, metal and auto stocks. Positive economic data amid hopes of more reforms fueled…
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New Delhi: Bajaj Auto today reported 5.52 per cent decline in motorcycle sales to 2,46,233 units in December 2014. The company had sold 2,60,645 motorcycle units in the year-ago period, Bajaj Auto Ltd (BAL) said in a statement. BAL said…
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New Delhi: The government today raised excise duty on petrol and diesel by Rs 2 per litre each but retail pump rates will not be increased. The third excise duty hike since November will help raise additional Rs 6,000 crore during…
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Price of non-subsidised cooking gas (LPG) was on Thursday cut by Rs. 43.50 per cylinder as international oil rates slumped to their lowest since May 2009. A 14.2-kg cylinder of non-subsidised LPG will now cost Rs. 708.50, down from Rs.…
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