bse-closes-points-71-12-down-on-dec-24

BSE closes points 71.12 down on Dec 24

New Delhi, Dec 24 (ANI): Trading at the Bombay Stock Exchange today closed 71.12 points down to stand at 21,029.91. At the National Stock Exchange the Nifty closed 16.95 points down to stand at 6,267.55. Gitanjali Gems and Century Tex were among the top gainers of Group A with an increase of 16.29% and 6.68% along with Apollo Tyres and ING Vysya Bank with an increase of 7.87% and 5.13% respectively, while the top losers of Group A include J and K Bank and Tata Power with a decrease of 4.66% and 2.98% along with SSLT and Hindustan Zinc with a decrease of 2.46% and 2.37% at the close of the markets. The Auto sector is down 5.49 points at 12,379.68 while the banking sector is down 64.12 points at 12,929.34 and the realty sector is up 1.37 points at 1,452.13. The Indian currency is up 0.13% at Rs 61.87 per dollar. Dec 24, 2013
The logo of German carmaker Volkswagen is seen at a VW dealership in Hamburg, October 28, 2013. Volkswagen is due to present company results on Wednesday. REUTERS/Fabian Bimmer

Volkswagen Passat Discontinued in India

German car maker Volkswagen has reportedly stopped the production of its Passat in India, owing to dwindling demand for the vehicle in the domestic market. Dec 24, 2013
anand-sharma-wants-multinationals-to-follow-tescos-lead

Anand Sharma wants multinationals to follow TESCO's lead

New Delhi, Dec 19 (ANI): Trade minister Anand Sharma on Thursday said that he expects other multinational organizations to follow TESCO when it comes to investing in India. The UK-based retail major TESCO will get into a strategic alliance with Tata's Trent to open multi-brand retailing in the country. For the project, they have invested $110 million. Taking a note of different strategies that companies may adopt, Sharma said that it is the prerogative of the companies to initiate and firing up their business plans. When raised a query on what will be the Cabinet's stand on the FDI in the pharma sector, Sharma said that the government's stand is firm on the issue. Earlier in 2002, the government had allowed 100 per cent investment. Dec 19, 2013
bse-closes-points-191-08-down-on-dec-13

BSE closes points 191.08 down on Dec 13

New Delhi, Dec 13 (ANI): Trading at the Bombay Stock Exchange today closed points 191.08 down to stand at 20,734.53. At the National Stock Exchange the Nifty closed 68.65 points down to stand at 6,168.40. Aurobindo Pharma and IPCA Lab were among the top gainers of Group A with an increase of 4.35% and 2.87% along with Tata Motors and Oberoi Realty with an increase of 2.61% and 1.77% respectively, while the top losers of Group A include Jet Air India and Torrent Power with a decrease of 7.29% and 6.09% along with Wockhardt and Jaiprakash Associates with a decrease of 6.08% and 5.44% at the close of the markets. The Auto sector is down 6.54 points at 12,047.11 while the banking sector is down 314.49 points at 12,953.52 and the realty sector is down 26.70 points at 1,341.86. The Indian currency is down 0.57% at Rs 62.16 per dollar. Dec 13, 2013
bse-closes-points-258-68-down-on-dec-12

BSE closes points 258.68 down on Dec 12

New Delhi, Dec 12 (ANI): Trading at the Bombay Stock Exchange today closed points 258.68 down to stand at 20,912.73. At the National Stock Exchange the Nifty closed 70.85 points down to stand at 6,237.05. Coromandel International ltd. and Mcleod Russel India Ltd. were among the top gainers of Group A with an increase of 7.53% and 5.93% along with Tata Power and Pipavav Defence And Offshore Eng Ltd with an increase of 3.84% and 3.20% respectively, while the top losers of Group A include Adani Enterprises Ltd. and Tata Motors Ltd. with a decrease of 5.48% and 4.55% along with Tv18 Broadcast Ltd. and Power Finance Corporation Ltd. with a decrease of 4.13% and 3.48% at the close of the markets. The Auto sector is down 270.57 points at 12,053.65 while the banking sector is down 197.57 points at 13,268.01 and the realty sector is down 8.17 points at 1,364.77.The Indian currency is down 0.72% at Rs 61.69 per dollar. Dec 12, 2013