Business

Sensex trips 97 points, Nifty below 9,100 on global weakness

Monday, March 27, 2017

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Mumbai: The benchmark Sensex fell almost 97 points and the NSE Nifty cracked below the 9,100-mark in early trade on Monday as investors took profit in recent gainers amid weak Asian cues. The 30-share barometer declined 96.80 points, or 0.32%, to 29,324.60 with sectoral indices led by metal, teck, IT, healthcare, oil&gas, FMCG and auto …

Uber reviews leasing scheme as driver incomes drop

Saturday, March 25, 2017

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Global ride-hailing firm Uber is rethinking its car-leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out in a bid to attract more …

SBI to raise $1.5 bn from overseas bonds

Saturday, March 25, 2017

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The country’s largest lender SBI today said it will raise $1.5 billion from overseas bonds in one or more tranches to fund business expansion. The Executive Committee of Central board approved “the issuance of Reg-S/ stand alone rule 144A senior unsecured debt up to $1.5 billion in multiple tranches or currencies with tenor not exceeding …

Sensex extends gains by 113 points, Nifty regains 9,100 level

Friday, March 24, 2017

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Mumbai: Stock markets opened higher on Friday with the benchmark BSE Sensex advancing by 113 points in early trade on continued buying by investors in banking and FMCG stocks. The 50-share Nifty of National Stock Exchange also regained 9,100 level by rising 32.80 points to 9,119.10 with 30 of index constituents making advances. Recovery in …

Sensex recovers 147 points in early trade

Thursday, March 23, 2017

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Mumbai: The benchmark BSE Sensex recovered over 147 points in early trade on fresh buying by investors in blue-chip stocks amid a firm trend in Asia. The 30-share index rebounded by 147.50 points, or 0.50%, to 29,315.18. The index had closed at near two-week low of 29,167.68 on Wednesday after falling by 318 points — …

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 …

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