Month: July 2015

BSF foils infiltration bid by 4 terrorists along International Border in Samba

BSF foiled an infiltration by a group of four suspected terrorists along the Indo-Pak border in Samba district of J&K, a senior BSF officer said.           Read More

New India Assurance Q1 net rises 42% to Rs 441 crore

Domestic premium of the company went up by 14 per cent to Rs 3,877 crore in Q1FY16 against Rs 3,398 crore. The market share of the company also increased to 16.7 per cent. Read More

July is now fifth busiest high-grade month on record

US investment-grade issuers raised US$132.252bn selling bonds in July, making it the fifth busiest month on record and the third busiest in 2015, according to IFR data. Read More

Greek stock market says to reopen on Monday

Earlier on Friday, the exchange said the decree from the Finance Ministry was the only obstacle to resuming trade on Monday. Read More

New IRF contracts debut on NSE with trading worth Rs 477 crore

With the latest IRF contracts, four different interest bearing government securities are traded now traded on the NSE platform as underlying, the statement said. Read More

State Bank of Hyderabad Q1 net rises 11% to Rs 251 crore

State Bank of Hyderabad (SBH), an associate of SBI, today reported 10.5 per cent growth in net profit at Rs 251.45 crore for the June quarter of current fiscal. Read More

37% of minor ports in the country defenceless: Intelligence Bureau report

A Parliamentary committee has expressed its ‘shock’ over a special report by IB which found that about 37% of minor ports in the country are defenceless.           Read More

Windows 10 gets 14 million installation on first day

Microsoft said that some 14 million people installed the Windows 10 operating system in the first 24 hours, calling the response ‘overwhelmingly positive.’           Read More

Suzlon posts Q1 net profit of Rs 1,047 crore

Wind turbine maker Suzlon Energy Ltd today posted consolidated net profit of Rs 1,047.41 crore for the quarter ended on June 30. Read More

Twitter interface now available in six Indian languages

Twitter said it has added four more Indian languages in which the popular micro-blogging website can be used.           Read More

Ujjivan Financial Services plans to raise Rs 500 crore via NCDs in FY16

Microfinance lender Ujjivan Financial Services today said it is planning to raise Rs 500 crore this fiscal through non-convertible debentures. Read More

Bharati Shipyard board okays name change to reflect focus on defence sector

Bharati Shipyard board on Friday approved change of name of the company to Bharati Defence And Infrastructure Limited in turn highlighting the company’s focus on the segment going ahead.In a notification to the exchanges, the shipbuilding company …           Read More

ABG Shipyard allots Rs 7.73 lakh to CDR lenders as part of debt recast package

ABG Shipyard, the country’s largest private sector shipbuilding company, on Friday said its security issue committee, which is part of the board of the company, has allotted 2,803 shares to the corporate debt restructuring (CDR) lenders at Rs 275.92 …           Read More

Business analytics software market in India to touch $583 million: Report

Business analytics software market in India is forecast to grow at 9.6 per cent year-on-year through 2019, reaching USD 583 million, as compared to 6.8 per cent across Asia-Pacific region, a report said.           Read More

Tyagi attended RBI’s board meet but may not have taken oath

Ajay Tyagi, additional secretary in the finance ministry, attended Reserve Bank of India’s Chennai earlier this month, but may not have taken oath of secrecy, which all central bank board members have to take apart from signing a scroll           Read More

ITC chairman questions NGO funding

ITC chairman Y C Deveshwar said that foreign funded non-government organisations with vested interests were prodding the government to increase taxation on cigarettes, and consequently hurting the company’s fortune.           Read More

Life Insurance Council gets executive council

Life Insurance Council has got its first executive committee elected today           Read More

Insurance firm valuations remain an enigma: CII-Towers Watson study

With the government increasing the FDI limit to 49 per cent, there is a keen sense of anticipation within the Indian insurance industry that is expecting a flush of foreign investment in the sector. However, valuation of insurance companies is …           Read More

New India Assurance Q1 profit up 42% at Rs 441 cr

New India Assurance saw a 42% increase in its profit after tax on account of reduction in incurred claims and better expense management           Read More

Dow, S&P dragged down by poor earnings from Exxon, Chevron

The Dow and S&P 500 were dragged down on Friday by weak earnings from oil producers Exxon Mobil and Chevron, while the Nasdaq edged up after Amgen’s profit beat expectations.           Read More

Leading NBFCs are bigger than many PSBs

Slowly but steadily, non-banking finance companies (NBFCs), such as Shriram Transport Finance and Bajaj Finance, are claiming the ground vacated by small and medium-sized public sector banks such as Oriental Bank of Commerce, Allahabad Bank, Andhra …           Read More

Sarma appointed director of L&T, CEO of hydrocarbon subsidiary

L&T today appointed Subramanian Sarma as non-executive director and also the CEO & Managing Director of its wholly-owned subsidiary – L&T Hydrocarbon, which was spun into a separate company in 2013 and is likely to be listed in 2016           Read More

FM radio phase 3 auction rakes in Rs 714 cr in 20 rounds

The phase three FM radio auction that started on July 27 will continue well into next week           Read More

Baltic indices double but shipping companies not enthused

Baltic indices have been in a recovery mode since the last few months with Baltic Dry Index even doubling to over 1,100 levels from its all-time low of 509 noted in February. Baltic Dirty and Baltic Clean Tanker indices meanwhile, are enjoying the …           Read More

L&T: Profit miss in Q1 a blip

Larsen & Toubro (L&T)’s June’15 quarter (Q1) performance was a big miss on the profit front. While revenues at Rs 20,252 crore came in line with the consensus estimate of Rs 20,251 crore, earnings before interest, tax, depreciation and …           Read More

Govt could compromise on Land Bill 2015

There could be substantial dilution of even the amended version passed by the Lok Sabha           Read More

Govt to infuse additional Rs 800 crore into Air India

The Finance Ministry today sought Parliament’s nod for making an additional equity infusion into Air India worth Rs 800 crore, less than half the amount sought by the Civil Aviation Ministry for the national carrier. The amount sought for …           Read More

Vyapam: SC asks CBI to inform it on taking over maximum cases

The Supreme Court today told CBI to inform it in three weeks about taking over of investigation of maximum number of cases out of 185 arising from Madhya Pradesh’s Vyapam scam. The apex court also asked the Department of Personnel and Training …           Read More

After last year’s high, slow start to PM Relief Fund inflow

Collections for the Prime Minister’s National Relief Fund (PMNRF) appear to have been slow at Rs 134.7 crore in the first four months of the current financial year, after it had touched a 10-year high the previous year, when the new government took …           Read More

Cigarette back-up plan will reap benefits soon: Deveshwar

ITC’s back-up plan to offset the losses on account of tight regulation on cigarettes business would reap benefits soon, its chairman Y C Deveshwar said here on Friday. Speaking at the company’s annual general meeting here, he added the back-up plan …           Read More

CBI Court convicts Canara Bank official for six years

The Additional District & Sessions Judge and Special Judge for CBI Cases today convicted an official of Canara Bank and two others for six years rigorous imprisonment. The Court found that the accused persons defrauded the bank causing a total …           Read More

Banking stocks lead biggest market gain in 30 sessions

Banking stocks ran the show on Friday as shares bounced back after the government announced a capital infusion plan for state-owned banks and ICICI bank reported better-than-expected June quarter numbers.The BSE Sensex gained 409 points, or 1.48 per … Read More

600th Dell exclusive store launched

Dell India, announced the launch of its 600th Dell Exclusive Store (DES), inaugurated by Phil Bryant, Vice President – Consumer and Small Business Sales, Dell.           Read More

Gold nears 5-year low in longest weekly losing run in a decade

Gold fell 0.6 per cent to USD 1,081.75 an ounce. It reached a five-year low on July 24 and has fallen for six weeks in the longest stretch since 2004. Read More

TCS exploring feasibility of expanding into Africa

In an interview, Ravi Viswanathan, president for growth markets for TCS said that they were looking at ‘feasibility of expanding into other parts of Africa’.           Read More

Options market sees oil price fall despite OPEC confidence

OPEC seem confident in recovery of oil prices, but the derivatives market is geared for an alternative scenario: a fall below $50 a barrel by the end of the year. Read More

Ascendas India acquires multi-tenanted IT building in Hyderabad for Rs 294 crore

Ascendas India Trust has announced acquiring an IT building housing large multinationals in Hyderabad for Rs 294 crore.           Read More

Gold slumps to four-year low, but retail consumers await further drop

Silver at a five-year low in local currency as global prices head southward Read More

Reliance Jio to raise fresh debt of Rs 1,000 crore to fund expansion plans

Gearing up for the launch of its 4G services, Reliance Jio plans to further raise Rs 1,000 crore through Non-Convertible Debentures to fund its business expansion. Read More

Facebook’s solar-powered data-beaming drone set to take off

Mark Zuckerberg, founder of the social-networking site Facebook, on Friday announced the completion of its first full-scale drone, the ‘Aquila’. A solar-powered unmanned plane to beam down internet connectivity from the sky, the Aquila has the …           Read More

Sugar futures rise 0.80 per cent as spot demand picks up

Sugar for delivery in October moved up by Rs 18, or 0.80 per cent to Rs 2,257 per quintal with an open interest of 44,710 lots. Read More

Prefer largecap IT stocks; positive on Infy, HCL Tech and TechM: Mayuresh Joshi

We are still staying put on the top tier names;Infosys, HCL Tech and Tech Mahindra are something that we will continue to like, says Joshi. Read More

Jewellery company Senco Gold and Diamonds plans IPO by 2017-18

It is confident of getting listed because it boasts of having a good team, including excellent auditors and CFOs and CMOs. Read More

Get ready to test 8,650-8,700 on Nifty: Sandeep Wagle

Nifty is ready to move towards 8,650-8,700 range, says Wagle. On the downside, 8,450 on the index may not be broken, he adds. Read More

Market undertone bullish, but expect some choppiness ahead: Mitesh Thacker

CNX IT gained nearly 2 per cent for the day and managed to get past its 200-day average, says Thacker. Read More

Oil falls after OPEC comments imply no supply cut

Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would have little impact on the market. Read More

Zinc futures drop 0.28% on weak global cues

At the Multi Commodity Exchange, zinc prices for delivery in August declined 35 paise, or 0.28 per cent to Rs 125 per kg. Read More

Commexes’ turnover up 14.92% till July 15 of FY16

The turnover of the commodity exchanges rose 14.92 per cent to Rs 19.82 lakh crore till July 15 of this fiscal despite fall in trade volumes in gold. Read More