Sensex

SEBI 'Keeping Close Watch' after Shares Surge - Source

The Securities and Exchange Board of India (SEBI) is keeping a close watch on markets after shares rallied to record highs on speculation that exit polls would show the opposition Bharatiya Janata Party and its allies winning a majority in the election, a senior official with direct knowledge of the matter told Reuters. May 13, 2014
file-photo-people-riding-a-motorcycle-in-front-of-the-office-of-ranbaxy-laboratories-at-gurgaon

Ranbaxy Posts Loss after Write-offs on U.S. Import Bans

Drugmaker Ranbaxy Laboratories Ltd (RANB.NS), which has agreed to be acquired by Sun Pharmaceutical Industries Ltd (SUN.NS) for $3.2 billion, posted a loss in the March quarter, hit by write-offs related to regulatory sanctions. May 10, 2014
Sensex

Sensex Hits Record High Above 23,000; Surges 650 Points

The BSE Sensex and Nifty hit a record high on Friday, posting their biggest daily gains since September on hopes the opposition Bharatiya Janata Party would win a majority in elections ending next week, sending blue-chips such as ICICI Bank sharply higher. May 10, 2014
nedurumilli-janardhana-reddy

AP's Ex-CM Janardhana Reddy Dies Aged 80

Former Andhra Pradesh Chief Minister and senior Congress leader in the state Nedurumilli Janardhana Reddy passed away at 5am on 9 May, Friday, in the state's capital Hyderabad. May 9, 2014
moily-rejects-cpis-charges-says-not-favoring-reliance

Moily rejects CPI's charges, says not favoring Reliance

New Delhi, May 2 (ANI): Petroleum Minister M Veerappa Moily on Friday hit back at CPI leader Gurudas Dasgupta who had alleged that Moily is favouring Reliance Industries by hiking gas price as per Rangarajan formula. Moily stated that he wants to liberate the country of any import regarding fuel so that the nation becomes self-sufficient. He further clarified that he is not working for the welfare of any particular industry because many organizations will be benefitted by his policies. Moily had earlier clarified that once the Election Commission lifts its model code of conduct on May 12 its order for the deferment of a new gas-pricing regime based on the Rangarajan formula will cease to exist and a price hike would come into effect. May 2, 2014
jairam-ramesh-releases-congress-manifesto-for-telangana

Jairam Ramesh releases Congress manifesto for Telangana

Hyderabad, Apr 12 (ANI): Rural Development Minister Jairam Ramesh on Saturday released the Congress’ election manifesto for Telangana, focusing on how to reconstruct the state on all fronts while mainly addressing problems of water and bifurcation of state level employees. The manifesto was released at the state Congress headquarters. Apart from the other promises, the manifesto also laid a stress on upliftment of weaker sections and promised some new welfare schemes. The manifesto also made key promises with regard to setting up new industries in the new State besides developing it in agriculture sector. Apr 13, 2014
bse-closes-points-86-37-down-on-april-11

BSE closes points 86.37 down on April 11

New Delhi, April 11 (ANI): Trading at the Bombay Stock Exchange today closed 86.37 points down to stand at 22,628.96. At the National Stock Exchange the Nifty closed 20.10 points down to stand at 6,776.30. JPPOWER and Piramal Enterprises Ltd. were among the top gainers of Group A with an increase of 7.17% and 5.64% along with Videocon Industries Ltd. and Pipavav Defence with an increase of 5.26% and 4.72% respectively, while the top losers of Group A include Adani Enterprises Ltd. and Indusind Bank with a decrease of 7.54% and 4.26% along with JSW ENERGY and Eicher Motors with a decrease of 3.69% and 3.47% at the close of the markets. The Auto sector is down 162.86 points at 13,409.68 while the banking sector is down 116.08 points at 14,689.89 and the realty sector is up 4.47 points at 1,557.26. The Indian currency is down 0.29% at Rs 60.25 per dollar. Apr 11, 2014