Business

Sensex plunges 222 points in early trade on global cues

Wednesday, March 22, 2017

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Mumbai: The benchmark BSE Sensex declined further by about 222 points to 29,263.74 and the NSE Nifty slipped below the 9,100-mark in early trade on Wednesday due to selling in pharma, auto and oil stocks. The 30-share Sensex fell by 221.71 points, or 0.75%,  to 29,263.74 with 25 of its constituents trading the negative zone. …

Probe into Indians named by HSBC, Leichstenstein complete:Govt

Tuesday, March 21, 2017

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The government has completed an investigation against persons named in HSBC and Liechtenstein banks for black money stashed abroad and made an assessment totaling around Rs 15,000 crore in the two cases. Disclosing this during Question Hour in the Rajya Sabha, Finance Minister Arun Jaitley said investigation against 628 persons named in the HSBC list …

Sensex recovers 57 points in early trade on strong Asian cues

Tuesday, March 21, 2017

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Mumbai: The benchmark BSE Sensex recovered by almost 57 points in early trade on Tuesday on the back of gains in FMCG, capital goods, PSU, power, auto and IT sector stocks amid positive Asian cues. After falling 130.25 points in the previous session on profit-booking, the 30-share Sensex was trading in positive zone with a …

Stocks down to a reality check, Sensex gives up 130 points

Monday, March 20, 2017

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Mumbai: Stocks were in exhale mode on Monday as the Sensex lost over 130 points to reverse two days of climb and the Nifty got off the record after an eventful last week amid mixed global indicators. The Nifty, which had hit a life high of 9,160.05 on Friday after scaling an intra-day record of 9,218.40, …

Sensex down 129 pts in early trade on profit booking

Monday, March 20, 2017

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The benchmark BSE Sensex fell almost 129 points in early trade today due to profit booking by investors after recent strong gains. The 30-share barometer declined 128.72 points, or 0.43 per cent, to 29,520.27 points, with shares of IT, Teck, metal, banking, oil & gas and capital goods trading with losses. The index had gained …

Idea, Vodafone India Merger claims to be biggest Telecom Operator in India

Monday, March 20, 2017

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Creating the countries largest telecom operator, Idea Cellular and Vodafone India on Monday announced a merger. The merger will create India’s largest telecom operator with widest network in the country and pan-India 3G/4G footprint, the companies said in a statement. Vodafone will own 45 per cent of the combined entity and Idea and Vodafone will …

Amazon India brings out ‘A-Z GST Guide’ programme

Sunday, March 19, 2017

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E-commerce major Amazon India has come out with a new programme for sellers to get insights and help related to the goods and services tax (GST), which is set to be rolled out from July 1. Called the ‘A-Z GST Guide’, the programme in its pilot phase has already helped train over 5,000 sellers on …

Noam Chomsky predicts Donald Trump’s administration will create another financial crash

Thursday, March 16, 2017

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Noam Chomsky, the legendary economist, historian and linguist  has warned the Donald Trump-fuelled rally in capital markets is coming to a close and another financial crash is on the horizon. He claimed that the President’s “anti-estabishment” status was a “joke” given his establishment appointees and anti-regulation policies, which have actually encouraged the stock market. “What’s anti-establishment?” …

Honda launches compact crossover WR-V priced up to Rs 9.99 lakh

Thursday, March 16, 2017

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Honda Cars India today launched its compact crossover model WR-V in the country, priced between Rs 7.75 lakhs and Rs 9.99 lakhs (ex-showroom Delhi). Based on the Jazz platform, the WR-V comes with both petrol and diesel powertrains. The two petrol variants are priced at Rs 7.75 lakhs and Rs 8.99 lakh while the diesel …

Sensex starts with small gains, inflows continue to pour in

Wednesday, March 15, 2017

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The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates. However, caution prevailed after retail inflation rose to 4-month high of 3.65 percent in February and that of wholesale prices shot up to a 39-month high of 6.55 percent. Also Read: A Pakistani …

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