Business News

Last updated: Thursday, August 21, 2014 5:36:12 PM

Sensex, Nifty touch record highs; auto stocks shine
Mumbai, Aug 19 (IANS) A benchmark index of Indian equities markets Tuesday touched a record high of 26,530.67 points, before closing flat at 26,420.67 points -- up barely 29.71 points or 0.11 percent.

Tuesday, August 19, 2014 4:38:03 PM

Indian e-commerce may spend $500-1,000 mn on infra, logistics: Study
New Delhi, Aug 19 (IANS) The Indian e-commerce industry is expected to spend an additional $500 million to $1,000 million on infrastructure, logistics and warehousing, leading to a cumulative spend of $950 million to 1,900 million till 2017-2020, a joint study by industry body Assocham and PricewaterhouseCoopers (PWC) Tuesday said.

Tuesday, August 19, 2014 4:20:04 PM

Diesel can be market-priced by September as crude goes under $100
New Delhi, Aug 19 (IANS) With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs Tuesday estimated the monthly price hikes would end after September assuming that oil prices remain around the current $100 level.

Tuesday, August 19, 2014 4:14:04 PM

Volkswagen to start diesel engine assembly by 2014-end
Mumbai, Aug 19 (IANS) German automobile company Volkswagen Tuesday said it will commence production of diesel engines at its plant located in Chakan, near Pune, with the start of engine assembly line and full-fledged engine-testing facility at the plant.

Tuesday, August 19, 2014 3:54:13 PM

Diesel can be market-priced by September as crude falls to $100
New Delhi, Aug 19 (IANS) With the losses of state-run oil marketers on diesel sales below cost falling to under a rupee per litre, brokerage firm Goldman Sachs Tuesday estimated the monthly price hikes would end after September assuming oil prices remain around the current $100 level.

Tuesday, August 19, 2014 2:30:05 PM

Auto stocks surge ahead of festive season
Mumbai, Aug 19 (IANS) Automobile companies' stocks surged Tuesday on the back of better sales prospects in the upcoming festive season and a better than expected monsoon in the rural areas.

Tuesday, August 19, 2014 2:04:03 PM

Metal, auto stocks rally in intra-day
Mumabi, Aug 19 (IANS) Metal and automobile stocks gained the most in the day's trade at the Bombay Stock Exchange (BSE), however, information technology (IT) stocks fell in the intra-day.

Tuesday, August 19, 2014 1:54:04 PM

Modi wants people's ideas on replacing plan panel
New Delhi, Aug 19 (IANS) In keeping with his philosophy of having a more participatory government, Prime Minister Narendra Modi has invited ideas from the people on how to replace 64-year-old Planning Commission with an institution that can best serve India's governance needs in the 21st Century.

Tuesday, August 19, 2014 1:52:13 PM

States drop compensation hurdle for proposed Goods and Services Tax (News Analysis)
New Delhi Aug 19 (IANS) With state finance ministers having dropped the issue of compensation in lieu of a cut in the central sales tax from the agenda of their upcoming meeting on implementing the Goods and Services Tax (GST), the major hurdle appears to have cleared in reforming India's indirect tax regime.

Tuesday, August 19, 2014 12:24:03 PM

Raghuram Rajan's call for coordinated global monetary policy a distant dream (Column: Currency Corner)
RBI governor Raghuram Rajan has been constantly urging major central banks, particularly the US Federal Reserve, to keep in mind the spillover effects of their ultra loose monetary policies on emerging economies such as India. This column agrees that in a highly integrated global economy, the zero interest rate policy (ZIRP) era and Quantitative Easing (QE) measures undertaken my major central banks has affected India to a great extent. For example, apart from geopolitical tensions, QE has been a major factor which has held crude prices so high after the financial crisis. Thus, to some extent, importing higher energy costs can be attributed to India's inflation woes in recent years.

Tuesday, August 19, 2014 12:02:04 PM

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