Search Results for: HDFC Bank

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BSE closes points 522.66 up on Jan 20

New Delhi, Jan 20 (ANI):Trading at the Bombay Stock Exchange today closed 522.66 points up to stand at 28,784.67. At the National Stock Exchange the Nifty closed 144.90 points up to stand at 8,695.60. GDL and PRESTIGE were among the top gainers of Group A with an increase of 9.96% and 7.05% along with ABAN and HDFC with an increase of 6.29% and 5.63% respectively, while the top losers of Group A include PMCFIN and RAJESH EXPORTS with a decrease of 4.96% and 4.43% along with MINDTREE LTD and MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. with a decrease of 4.17% and 3.80% at the close of the markets. The Auto sector is up 136.84 points at 19,658.28 while the banking sector is up 409.99 points at 22,633.4 and the reality sector is up 19.49 points at 1,643.38. The Indian currency is down 0.11% at Rs 61.78 per dollar. Jan 20, 2015

Students in Varanasi create sand sculptures on sensitive issues

Varanasi, Jan 20 (ANI): Students in temple town of Varanasi in Uttar Pradesh created sand sculptures on sensitive and burning issues on bank of holy River Ganges. Schoolchildren from around the town converged at the banks and created their artwork with coloured sand to give their work a different look. One of the sculptures commemorated the ill-fated AirAsia flight that crashed in December last year, killing all passengers and crew on board. Indonesia AirAsia Flight QZ8501 lost contact with air traffic control in bad weather on December 28. Meanwhile, another student created a sculpture on Clean India mission with an aim to create awareness among young generation to keep surroundings clean. Jan 20, 2015
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Government to boost public spending on infrastructure

Chennai, Jan 19 (ANI): Union Finance Minister Arun Jaitley on Monday (January 19) said that the government will increase public spending on infrastructure in months to come. The government estimates the country needs to spend $800 billion on infrastructure to grow seven percent per annum, sharply higher than around 5.5 percent projected by the Reserve Bank of India for the current fiscal year that ends in March. Addressing Confederation of Indian Industry (CII) summit in India's southern Chennai city, Jaitley said that the public spending on infrastructure would have to increase because the old Purchasing Power Parity (PPP) model was under stress and needed to be revived. Jaitley had promised imminent changes pushing ahead key reforms such as the introduction of a nationwide sales tax. Jan 19, 2015
World Bank President Jim Young Kim and India's Prime Minister Narendra Modi

Govt Adjusts Disinvestment Plan: IOC Stake Sale Possible

The government is likely to bring IndianOil stake to the disinvestment table, as continued uncertainty over policy affecting Coal India and ONGC would prove an impediment to its plans, even as it struggles to limit itself to the 4.1% fiscal deficit. Jan 17, 2015

PM Modi says committed to meeting budget deficit goal

New Delhi, Jan 17 (ANI): Prime Minister Narendra Modi has said that he is committed to meeting this year's budget deficit target, welcoming a cut in interest rates by the Reserve Bank of India (RBI) on the back of falling inflation. In a speech, Modi said his government would cut wasteful spending, streamline the payment of welfare benefits and raise investment in roads and railways to boost economic growth in Asia's third-largest economy. Modi's comments signalled his assent to RBI Governor Raghuram Rajan's call for "sustained high quality fiscal consolidation" as a condition for further monetary easing after a surprise quarter-point cut on Thursday. The 64-year-old prime minister said it would be difficult to revive economic growth but promised to deliver incremental reforms. Jan 17, 2015
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