Business

Sensex down 85 points in early trade on profit booking

Tuesday, May 23, 2017

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The benchmark BSE Sensex fell by 85 points while NSE Nifty slumped below the 9,400-mark in early trade on Tuesday due to profit booking by investors. The 30-share barometer declined by 85.17 points, or 0.28 per cent, to 30,485.80 points. Shares of healthcare, power, realty, PSU, consumer durables, oil and gas, and metal were trading in the …

Sensex climbs 227 points on global rally in stocks

Monday, May 22, 2017

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Mumbai: The benchmark BSE Sensex rallied over 227 points in early trade on Monday buying in FMCG, banking and IT stocks by investors enthused by global rally in stock markets. The BSE 30-share index surged 227.44 points, or 0.75%, to 30,692.36 points. The gauge had gained 30.13 points in the previous session on Friday. All …

India to be fastest growing market for project managers

Saturday, May 20, 2017

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Mumbai: The project management profession is likely to outperform total global job growth over the next decade, creating millions of new positions in India that pay highly competitive wages, according to a report. “India will require 70 lakh new project managers in next 10 years. India will emerge as the fastest growing country in the …

Apple selling ‘Made in India’ iPhones on trial basis

Saturday, May 20, 2017

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Bengaluru: The US-based technology major Apple has started selling iPhones at select stores in the country that were assembled in India as part of its trial run. “Apple is selling iPhone SE in India at select stores. These phones were assembled in India on trial basis in limited quantities,” an industry source told PTI. Apple …

Sensex rebounds 209 points as GST Council freezes tax rates

Friday, May 19, 2017

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Mumbai: Markets made a somersault of sorts on Friday as the benchmark Sensex rebounded 209 points to 30,643 on the GST Council’s finalisation of tax rates for bulk of the items except six categories. A firming trend at other Asian markets tracking rebound on the Wall Street on positive data supported the indices to recoup most …

IKEA’s Navi Mumbai store to open in Jan’19

Thursday, May 18, 2017

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Mumbai: Global home furnishings retailer IKEA will open its second store in the country in Navi Mumbai in January 2019 with an investment of around Rs 1,000 crore, the company said today. The store’s groundbreaking ceremony took place at Turbhe in Navi Mumbai today in the presence of Maharashtra Chief Minister Devendra Fadnavis. “The store …

Sensex gets off record high, dives 222 points

Thursday, May 18, 2017

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Mumbai: A back-to-back record-setting run today made stocks do a reality check when the Sensex plunged over 222 points and the Nifty cracked below 9,500 in early session amid dollar outflows and a sluggish trend overseas. All sectoral indices flashed red, down by up to 1.19%, with realty, consumer durables, bank and auto registering much …

Mukesh Ambani leads Forbes list of Global Game Changers

Wednesday, May 17, 2017

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New York: Reliance Industries Chairman Mukesh Ambani leads a Forbes list of ‘Global Game Changers’ who are transforming their industries and changing the lives of billions of people around the globe. Forbes’ second annual Global Game Changers list includes 25 “intrepid business leaders” who are “unsatisfied with the status quo” and “transforming their industries and …

Sensex makes a retreat from record after rally fatigue

Wednesday, May 17, 2017

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Mumbai: Stocks showed signs of fatigue on Wednesday after two back-to-back record-setting sessions as the benchmark Sensex struggled to maintain its momentum, with investors shifting focus to taking profit. Weak Asian cues weighed, too. The 30-share index after hitting a fresh lifetime high (intra-day) of 30,620.72 at the outset slipped to 30,524.86, down 57.74 points, …

Sensex, Nifty leap to new record highs on funds inflow

Tuesday, May 16, 2017

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Mumbai: Raising the bar, the Sensex on Tuesday shot up another 181 points to a fresh all-time intra-day high of 30,503 and the Nifty 9,482, with retail investors steering the ship amid unabated foreign capital inflows. Encouraging earnings also supported the rally. The 30-share BSE index leapt 181.36 points, or 0.60%, to trade at a new …

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