Business

Sensex builds on gains, rises 26 points in early trade

Thursday, January 19, 2017

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The benchmark Sensex moved up nearly 27 points in early trade today, extending yesterday’s gain on sustained buying by participants amid a mixed trend in other Asian markets. The 30-share index rose 26.97 points, or 0.10 percent, to 27,284.61, with sectoral indices led by oil & gas, consumer durables, capital goods, PSU and healthcare trading …

Sensex regains 134 points on Asian leads, Nifty tops 8,400

Wednesday, January 18, 2017

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The benchmark Sensex rebounded 134 points and the NSE Nifty retook the 8,400-mark today after metal and other blue-chip stocks jumped amid a mixed trend in Asia and fresh foreign capital inflows. The 30-share index was trading higher by 133.63 points, or 0.49 percent, at 27,369.29, with metal, auto and banking leading the recovery by …

Chief Minister Meets Microsoft CEO Satya Nadella in Davos

Wednesday, January 18, 2017

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Andhra Pradesh Chief Minister Shri N. Chandrababu Naidu held a meeting with Mr. Satya Nadella, Chief Executive Officer of Microsoft today in Davos. During the meeting, the Chief Minister explained the various technological initiatives that are being implemented in Andhra Pradesh. He also spoke at length on the technology that AP is using for real …

IMF cuts India’s growth rate to 6.6% post demonetisation

Tuesday, January 17, 2017

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Amid the Demonetisation move by the government, the International Monetary Fund (IMF) on Tuesday cut India’s growth rate for the current fiscal year to 6.6% from its previous estimate of 7.6% due to the “temporary negative consumption shock” of demonetisation, days after the World Bank also decelerated India’s growth estimates. “In India, the growth forecast for …

Sensex builds on gains, up 72 points in early trade

Tuesday, January 17, 2017

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The benchmark BSE Sensex gained over 72 points in early trade today, extending yesterday’s rally on increased buying by domestic institutional investors encouraged by macro data and better earnings by some blue chips like TCS and Infosys. Besides, a mixed trend in Asian regions influenced sentiment. In a major breakthrough, the Centre and states yesterday …

The 1% of India’s richest people own wealth equal to 70% of the population

Monday, January 16, 2017

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India’s richest persons who contribute 1 per cent to the country now hold a huge 58 percent of the country’s total wealth. The study, released by rights group Oxfam ahead of the World Economic Forum(WEF) annual meeting here attended by rich and powerful from across the world, showed that just 57 billionaires in India now …

Sensex down 55 points on weak global cues

Monday, January 16, 2017

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Mumbai: The benchmark BSE Sensex shed about 55 points and the NSE Nifty slipped below the 8,400-mark in early deals today on sustained capital outflows by foreign funds and selling by retail investors amid weak global cues. Depreciating rupee against the dollar also added to the dampened sentiment. The 30-share index dropped 54.57 points or …

Sensex extends rally, up 107 points on positive macro data

Friday, January 13, 2017

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The benchmark Sensex zoomed about 107 points to 27,354.08 in early trade today, continuing its rally for the fourth straight session, on the back of positive macroeconomic data and encouraging corporate earnings. Besides, a firming trend on other Asian bourses also buoyed sentiment here. The 30-share barometer, after spurting to 27,459.75 at the outset, was …

Market rally continues; Nifty tops 8,400

Thursday, January 12, 2017

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NSE Nifty breached the crucial 8,400-mark and BSE Sensex gained 113 points in early trade today on sustained buying by domestic investors ahead of key macroeconomic data to be released later in the day. Also Read: Angry Sushma puts Amazon on the mat over a ‘Door Mat’ Besides, a positive start of the earnings season and …

The Indian Maharaja carrier Air India to operate first Dreamliner service

Wednesday, January 11, 2017

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Government-owned Air India would operate its first Dreamliner service to Kerala, which would fly on New Delhi-Kochi-Dubai route, starting next month. Also Read: EXCLUSIVE- Inside Air India One: The jet setter PM’s home in the skies Air India has been operating Boeing 787-800 Dreamliner services to the Gulf since 2012 when it launched a flight to …

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