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A customer hands a bundle of Indian Rupee currency notes to a teller at a financial institution in Mumbai (Reuters)

Rupee Hits Near 10-month High, Biggest Gain in Three Weeks

The rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. May 15, 2014
fast-food-workers-strike-in-us-for-pay-union-rights

BSE closes points 90.48 up on May 15

New Delhi, May 15 (ANI): Trading at the Bombay Stock Exchange today closed 90.48 points up to stand at 23,905.60. At the National Stock Exchange the Nifty closed 14.40 points up to stand at 7,123.15.Titan Company Ltd. and Apollo Tyres were among the top gainers of Group A with an increase of 5.99% and 5.64% along with National Aluminium Co.Ltd. and Tata Chemicals Ltd. with an increase of 5.51% and 5.34% respectively, while the top losers of Group A include JandK Bank and Asian Paints with a decrease of 5.45% and 4.89% along with Motherson Sumi and Tata Chemicals with a decrease of 4.81% and 4.58% at the close of the markets. The Auto sector is down 65.84 points at 14,106.36 while the banking sector is up 23.32 points at 16,279.74 and the realty sector is down 16.94 points at 1,515.16.The Indian currency is down 0.59% at Rs 59.33 per dollar. May 15, 2014
narendra-modi-wins-by-huge-margin-in-vadodara

Anti-corruption squad raids police official's residence in Bhopal

Bhopal, May 15 (ANI): A team of anti-corruption officials raided the residence of Inspector General of Police (IG) Mayank Jain in Bhopal of Madhya Pradesh on Thursday and unearthed bank documents and other disproportionate assets. The raid was conducted following a complaint filed against Jain for amassing illegal property and documents. The Deputy Superintendent of Police, anti-corruption team (Lokayukta), S. S. Udawat, said investigations are taking place. Officials also said that no jewellery was found during the raid. The anti-corruption officials, in the last few months, have carried out raids at the residence of various officials, who have been accused of amassing illegal wealth. May 15, 2014
HSBC London Office

HSBC says Bonus for Chairman Capped at 1 Million Pounds

Banking group HSBC Holdings Plc (HSBA.L) has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds ($1.7 million) and saying it would be a one off. May 15, 2014
Nikkei

Japan Q1 Growth Fastest in more than 2 years Before Tax Hike

Japan's economy grew in the January-March quarter at the fastest pace in more than two years as consumers rushed to spend before a sales-tax hike and business investment rose in a sign of confidence in the prospects for future growth. May 15, 2014
Asian Shares Bounce from 4-week low

Asian Shares Tread Water, Bonds Supported

Asian shares pared early losses on Thursday but held below the previous session's one-month highs, while expectations of credit easing by the European Central Bank knocked yields on U.S. and European bonds. May 15, 2014
ec-bans-victory-processions-in-up-congress-welcomes

BSE closes points 56.11 down on May 14

New Delhi, May 14 (ANI): Trading at the Bombay Stock Exchange today closed 56.11 points down to stand at 23,815.12. At the National Stock Exchange the Nifty closed 1.60 points down to stand at7,108.75. Indian Bank and Canara Bank were among the top gainers of Group A with an increase of 11.73% and 11.05% along with TV18 Broadcast and Central Bank with an increase of 10.68% and 10.37% respectively, while the top losers of Group A include Bajaj Finance Limited and Future Retail with a decrease of 4.35% and 3.85% along with Mahindra & Mahindra and Dr Reddys Lab with a decrease of 3.51% and 3.17% at the close of the markets. The Auto sector is down 3.60 points at 14,172.20 while the banking sector is up 49.94 points at 16,256.42 and the realty sector is up 63.44 points at 1,532.10. The Indian currency is up 0.00% at Rs 59.68 per dollar. May 14, 2014
Asian Shares Bounce from 4-week low

Asian Shares Edge up, Euro Pressured

Asian shares inched up on Wednesday, while the euro wobbled close to five-week lows on heightened speculation of more European Central Bank stimulus next month. May 14, 2014
People walk past the Bombay Stock Exchange (BSE) building in Mumbai (Reuters)

BSE Sensex Hits Life High above 24,000 after Exit Polls

The BSE Sensex rose on Tuesday to a third consecutive record high, surpassing the key psychological level of 24,000 points as stocks tied to the domestic economy surged after exit polls showed the Bharatiya Janata Party (BJP) and its allies winning a majority in the elections. May 13, 2014
Sensex

Asia Sidesteps Ukraine Woes, Vote Hopes Spur Indian Stocks

Asian shares and the dollar rose on Tuesday as tensions in Ukraine were eclipsed by a strong night on Wall Street, with Indian equities rallying hard on hopes an election victory for the business-friendly opposition party would spur a revival in the region's third-biggest economy. May 13, 2014
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