July 31, 2014 15:13 (IST)
The Narendra Modi government's first big reform - the Insurance Amendment Bill - is now expected to come up in the Rajya Sabha on Monday. The government is trying to talk opposition parties into supporting it.
July 31, 2014 09:34 (IST)
The two-month-old Narendra Modi government is set to push its first big reforms; it is expected to introduce in Parliament today, the Insurance Amendment Bill and the Sebi Act, which seeks to provide more teeth to the market regulator.
July 30, 2014 09:17 (IST)
The Nifty opened lower on Wednesday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors remain net buyers of Indian shares on Monday. Foreign investors bought shares worth Rs 75 crore and domestic investors bought shares worth Rs56 crore. Stock specific action driven by earning is likely to be seen in market today.
July 28, 2014 09:15 (IST)
The Nifty opened flat on Monday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to remain net buyers of Indian shares to the tune of Rs 126 crore on Friday however domestic investors sold stocks worth Rs 210 crore. Nifty is likely to witness increased volatility this week due to expiry on Thursday.
July 25, 2014 09:24 (IST)
The Nifty opened flat on Friday as indicated by futures trade on Singapore Stock Exchange. Foreign investors remained net buyers in Indian equities to the tune of Rs 282 crore whereas domestic investors sold shares worth Rs 290 crore on Thursday. Nifty closed positive for the eighth straight session on Thursday with record highs.
July 24, 2014 12:46 (IST)
The Cabinet has cleared the Insurance Laws (Amendment) Bill and it will be subsequently introduced in the current session of Parliament. The Bill aims to raise the foreign direct investment in insurance sector to 49 per cent, from the current level of 26 per cent.
July 24, 2014 09:16 (IST)
The Nifty opened flat on Thursday. Foreign investors remained net buyers of Indian equities on Wednesday as they bought shares worth Rs 652 crore. Nifty closed at all-time high levels on Wednesday driven by buying in technology stocks.
July 23, 2014 09:15 (IST)
The Nifty opened above 7,800 marks on Wednesday as indicated by futures trade on Singapore Stock Exchange. Both foreign and domestic investors remained net buyers of Indian equities on Tuesday. FIIs bought shares worth Rs 412 crore and domestic investors bought shares worth Rs 59 crore. Nifty closed higher for the sixth straight session on Tuesday.
Reported By: A Vadiyanathan | July 22, 2014 17:12 (IST)
The Supreme Court has refused bail to Sahara chief Subrata Roy, who had sought that he be released for 40 days to finalise the sale of three hotels his company owns abroad. Mr Roy has been lodged at Delhi's Tihar Jail since March 4 this year.
July 22, 2014 16:22 (IST)
The Supreme Court on Tuesday refused to grant bail to Sahara Group chief Subrata Roy, who has been held in Delhi's Tihar Jail since March 4. The top court said, "negotiations for selling properties in India can be done during the day and court will facilitate." Mr Roy had sought release for 40 days to finalise the sale deal of three overseas hotels. The Sahara group has been struggling to raise Rs.10,000 crore to secure bail for its chief.
July 22, 2014 09:16 (IST)
The Nifty opened higher on Tuesday as indicated by futures trade on Singapore Stock Exchange. Foreign Institutional remained net buyers of Indian equities to the tune of Rs 161 crore whereas domestic investors sold shares worth Rs 181 crore on Monday. Global cues remain mixed as US markets closed lower on Monday but Asian markets are positive this morning.
July 21, 2014 12:30 (IST)
Shares in Multi Commodity Exchange (MCX) fell as much as 6.5 per cent on Monday after its promoter Financial Technologies India (FTIL) struck a deal with Kotak Mahindra Bank to offload 15 per cent stake in the commodity bourse. The deal was struck at Rs 600 per share, a discount of 24 per cent to MCX Friday's close of Rs 783. MCX shares, however, soon rebounded and jumped as much as 14 per cent in morning trade.
July 21, 2014 09:16 (IST)
The Nifty opened higher on Monday tracking futures trade on Singapore Stock Exchange. Foreign investors remained net buyers on Friday as they bought Indian shares worth Rs 574 crore on Friday. Earnings of major companies likely to decide market direction this week. Improving macros to keep sentiment upbeat.
July 18, 2014 09:17 (IST)
The Nifty opened lower on Friday on the back of geopolitical tensions as one of the jet of Malaysian airlines downed at the Ukraine-Russia border. S&P 500 saw its biggest crash in 3 months after this plane shot down and major Asian markets also trade around one per cent loss. Foreign investors bought India shares worth Rs 1912 crore on Thursday but however domestic investors remained net sellers to the tune of Rs 1316 crore.
July 17, 2014 09:16 (IST)
The Nifty opened flat on Thursday. However sentiment is likely to be positive as foreign investors turned net buyers of Indian equities to the tune of Rs 622 crore on Wednesday after remaining net sellers for three days in a row. Global cues also remain positive as US markets closed higher on Wednesday and Asian markets have given a positive opening this morning.
Fortaleza, Brazil | July 16, 2014 10:44 (IST)
The $100 billion development bank launched at the sixth BRICS - Brazil, Russia, India, China and South Africa - summit in Brazil is aimed at funding infrastructure projects in developing nations
July 15, 2014 09:16 (IST)
The Nifty opened higher on Tuesday. Lower retail inflation number announced post market yesterday, positive closing in the US market and higher opening in Asian market likely to boost sentiments today. Foreign investors remained net sellers of Indian equities for the second consecutive day on Monday as they sold shares worth Rs 558 crore but however domestic investors bought shares worth Rs 332 crore.
July 14, 2014 09:24 (IST)
The Nifty opened flat on Monday. Foreign investors remained net sellers of Indian equities worth Rs 723 crore on Friday. However sentiment is likely to be positive as industrial production data for the month of May came better than expectation and brent crude cooled off to nearly $107 per barrel.
Edited By: Sanchari Bhattacharya | July 10, 2014 21:31 (IST)
Prime Minister Narendra Modi's new government on Thursday unveiled a reform-minded budget, vowing to lift economic growth to rates of 7-8 per cent by promoting manufacturing and infrastructure and overhauling populist subsidies.
July 10, 2014 09:01 (IST)
Finance Minister Arun Jaitley's first Budget will be watched closely by millions of tax payers, who expect the government to cut taxes and raise exemptions. Income tax rates in India are among the highest in the world, so hopes of tax cuts are justified. However, Mr Jaitley will be constrained by the precarious state of government finance. The government does not have many levers to raise revenues to compensate for any shortfall in tax collections.