Business News Updates

Heartened by the government's 'Make in India' campaign, the burgeoning electronics sector aims to reduce imports 15 percent and boost domestic manufacturing to 50 percent by fiscal 2016-17, a industry representative said Monday

Kolkata-based micro finance company Village Financial Services Monday said it has applied to the Indian apex bank for a small finance banking license to extend its operations and portfolio

The year 2015 began on a mixed note for Indian auto makers with some clocking positive growth while others saw dipping sales

Passenger car major Maruti Suzuki India Ltd closed last month with a volume growth of 13.9 percent as compared to sales logged during January 2014

Describing US President Barack Obama's visit as "transformative", that brought US-India relations to a new level, the American envoy to India Sunday said improving the economic ties was a key area

Stating that both countries should have mutual confidence, External Affairs Minister Sushma Swaraj Sunday said that India desired to take economic ties with China to "a qualitatively new level"

T. Suvarna Raju Saturday took over as the 17th chairman of the state-run Hindustan Aeronautics Ltd (HAL), following his predecessor R.K. Tyagi's retirement

Mumbai/Kolkata: The 10 percent stake sale in state-owned coal behemoth Coal India Ltd (CIL) fetched the government Rs.22,745 crore as a total issue of 63.16 crore shares went for the auction Friday. Featuring as the biggest disinvestment exercise as well as the biggest sale ever from any private or public holding, the average bid price […]

Mumbai:A benchmark index of Indian equities markets closed Friday’s trade down 499 points or 1.68 percent, as banking, automobile and consumer durables stocks declined. The markets plunged after scaling a new high of 29,844.16 points in the morning trade session. It surpassed the previous high of 29,786.32 points touched Jan 28. The 30-scrip Sensitive Index […]

A benchmark index of Indian equities markets Friday scaled a new high of 29,844.16 points surpassing its previous high of 29,786.32 points touched Jan 28

Chennai: The central government will give a shape to its Smart Cities programme after a two-day meeting of secretaries of state governments and union territories on this issue in New Delhi from Friday, said union Urban Development Minister Venkaiah Naidu. “A final shape to the smart cities concept would be given at the meeting. Each […]

Mumbai: A benchmark index of Indian equities markets Thursday was trading at 152.64 points or 0.52 percent down as metal stocks dropped. Good buying was observed in capital goods sector, while heavy selling pressure was seen in metal, banking and auto sectors. The 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE), which […]

Kolkata: Indian FMCG company Emami Wednesday said its unaudited consolidated net profit for the quarter ended Dec 31 rose by 21.9 percent at Rs.183.7 crore. For the same period last fiscal, the company had posted a net profit of Rs.150.68 crore. Net sales were up by 18.4 percent to Rs.692.26 crore during the quarter from […]

The central government today said it would sell up to 10 percent equity stake in state-owned Coal India Ltd. (CIL) numbering a maximum of 631,636,440 shares through the offer for sale (OFS) route. The sale will begin on Jan 30

Mumbai:A benchmark index of Indian equities markets Wednesday hit a record high of 29,768.29 point surpassing the previous high of 29,618.59 points it scaled Tuesday. Good buying was observed in consumer durables, banking, healthcare and IT sectors, while selling pressure was seen in capital goods and metal sectors. The 30-scrip Sensitive Index (Sensex) of the […]