FMCG sector analysts say that due to excise free zones, impact of the excise duty hike will be limited, except for Hindustan Lever. The sector wants impetus for rural income generation and no hike in service tax.
According to the sources in the government, in a major U-turn, the Union law ministry has submitted a note to the Group of Ministers headed by Home Minister P Chidambaram on the Bhopal gas tragedy, where it has, reportedly, recommended that the government of India should undertake the cleanup operation of the site of Union Carbide.
US markets jumped on Monday, taking the S&P 500 to its highest in four months. The Dow added 1.3% to 10,754. Nasdaq jumped 1.7% to 2,356.
The ongoing dip on oil should be our last and best opportunity to buy it for a move up till 2015.
The Nifty ended at 5420, down 40 points. The market breadth was weak. Out of 3059 stocks traded on the BSE, there were 1208 advancing stocks as against 1739 declines.
Dow and Bhopal together illustrate vividly how the authority of nation-states and their government is being usurped by the corporations of all hues giving birth to a perverse trans-nationalism, writes Gopal Krishna.
Raking up the issue of 1984 riots, Bharatiya Janata Party leader Arun Jaitley on Monday alleged that those guilty for the "state sponsored" violence still remain unpunished.
The NSE Nifty ended up 31 points at 5,399. The market breadth was marginally positive - out of 3,025 stocks traded so far, 1,512 advanced and 1,326 declined on Wednesday.
The Union cabinet will discuss the report of the Group of Ministers on the 1984 Bhopal gas tragedy on Thursday.
Other losers included Vedanta, Tata Steel, NTPC, ONGC, L&T, M&M, Coal India, Maruti, PowerGrid, Axis Bank, ITC and HDFC, dropping up to 5.75 per cent. On the other hand, Kotak Bank, Bharti Airtel, HCL Tech, Bajaj Finance and Hero MotoCorp rose up to 0.95 per cent.
Shanmugam Nagarajan, co-founder and chief people's officer, 24/7 Customer, feels young grads should not feel disheartened because of the current economic downturn.
The NSE Nifty gained 25 points at 5259. The market breadth was strong. Out of 2974 stocks traded on the BSE, there were 1920 advancing stocks as against 982 declines.
The actors promote their latest film in a unique film.
Protests following the arrest of Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday crippled retail businesses in and around Mumbai, the commercial capital of the country
The markets opened on bright note on Thursday morning after a holiday on Wednesday, however the joys were shortlived as the markets came tumbling down towards the close.
The Information and Broadcasting Ministry said on Wednesday the newspapers will be brought out by Wall Street Journal India Publishing Private limited, a wholly owned subsidiary of Dow Jones and Company Inc, USA.
The Sensex ended at 17,098, up 45 points. The broader-based Nifty shut at 5,116, up 15 points.
The Sensex finally ended at 16,053, down 231 points. The NSE Nifty finally settled at 4,751, down 76 points.
NSE Nifty closed at 4,867, up 14 points.
The broad-based Nifty slipped below the 8,600-level by losing 24.60 points, 0.28 per cent, to 8,590.65
September 15, 2008 -- shockwaves went through the world financial markets, as it was hit by the biggest bankruptcy in history.
The NSE Nifty closed at 5235, up 25 points. The market breadth was strong. Out of 2969 stocks traded on the BSE, there were 1694 advancing stocks as against 1195 declines.
Tata, who turned 72 last month, will stay in office till 2012.
The US markets closed in green on the first trading day of 2010 ,on the back of a spate of deals, soaring commodities and strong manufacturing data.The Dow Jones Industrial Average added 1.5% at 10,584 and the Nasdaq Composite Index was up 1.7%. The NSE Nifty closed at 5,278, up 48 points.
"I think the Fed is out of control. I think what they're doing is wrong. Under the Obama administration, you had a lot of help because they had very little interest," Trump told reporters at the White House Thursday while responding to questions on the down sliding of the stock market for a second consecutive day.
The NSE Nifty put on 9 points at 5042. IT, metal and auto stocks exhibited strength.
The Sensex ended at 17,098, lower by 21 points and the Nifty closed at 5,106, down 12 points.
Mobile resellers in and around Agra are in a state of panic these days after an arbitrary interpretation of laws by the local police.
In a list compiled by international chemical business information provider ICIS, Ambani has moved up four positions in this year's list, topped by German chemical major BASF chairman and CEO Jurgen Hambrecht. Ambani is the only Indian on the ICIS Top 40 Power Players list for 2008.
Foreign direct investment into India has surged to over $25 billion in 2007-08 and the country's foreign exchange reserve crossed $341 billion as of Tuesday, Ashwani Kumar, minister of state for commerce and industry has said.
India entered the final of the FIH women's Champions Challenge II after goals from Rani Rampal and Saba Anjum fashioned a 2-1 victory over Ukraine in Kazan on Friday. They meet Belgium, who beat Ireland in the other semi-final.
The NSE Nifty shut shop at 4,914, up 58 points.
In an hour-long chat on rediff.com on Wednesday, market expert Pranav Sanghavi offers some valuable tips.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Bankruptcies of automakers General Motors and Chrysler could cost as many as quarter million people their jobs over the next year and a half, a media report says.
While the ministry sources clarified that the overall policy for fax editions is still under review, this proposal has been given approval on a case-to-case basis in FIPB's meeting held last week. The proposal was turned down twice earlier pending the review but the company had applied to FIPB under deferred proposal agenda in its meeting on January 9.
As per the new methodology, stocks must have an annualised traded value of at least Rs 1,000 crore for their inclusion in the BSE 100 index at each semi-annual rebalancing
If you plan to send your child to the US five years from now and expect the rupee to depreciate five per cent every year, adding US funds to your portfolio might be a good idea, says Ashley Coutinho.
In India, US venture capitalists invested $101 million in 13 deals in the first quarter, 29 per cent less than the $142 million via 22 deals in the March quarter of 2008, as per data compiled by research firm Dow Jones VentureSource. Venture capitalists put $1.87 billion, the lowest quarterly total since 2004, via 250 deals for emerging companies in India, China, Europe and Israel in the first quarter as fund managers prefer assured returns from portfolio investment.
Ministry officials said the matter is being reviewed with the objective of bringing down the FDI cap from 100 per cent to 26 per cent in line with the limit for news media. This decision for the review was taken while discussing the proposal of US-based Dow Jones and Company for setting up a wholly-owned subsidiary to carry out publishing the facsimile edition of Wall Street Journal in India.
