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  • Sensex Rises Over 1%, Posts First Weekly Gain in Four Weeks

    1 April, 2015 11:21 AM 13

    Mumbai: The BSE Sensex and Nifty rose on Wednesday, posting their first weekly gain in four and the biggest since Jan. 23 week, as lenders rallied ahead of the Reserve Bank of India's policy review, while Sun Pharmaceutical Industries and Ranbaxy Laboratories surged ahead of a planned merger. Sentiment was also bolstered by firmer European shares on the back of data showing

  • PM Modi dedicates SAIL's RSP project to nation; asks industry to up production

    1 April, 2015 11:16 AM 32

    Rourkela: India needs to boost its steel production to surpass China to become the biggest producer in the world, Prime Minister Narendra Modi on Wednesday said as he dedicated to the nation Rs 12,000-crore expansion project at the SAIL's Rourkela Steel Plant (RSP) here. Asking the steel industry to raise production to reach the top position in the world

  • States to get Rs 466 cr as 1st tranche from coal auction

    1 April, 2015 11:16 AM 32

    New Delhi: States will receive Rs 466 crore as first tranche from auction of coal blocks, while the Centre will not keep any revenue from this upfront payment by bidders, said a top official. "First tranche amount of Rs 466 crore goes to the states by way of upfront payment received from bidders in coal block auctions," Coal Secretary Anil Swarup has said in a tweet

  • Avoid Reliance Industries: Sudarshan Sukhani

    1 April, 2015 11:15 AM 13

    Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Metals are likely to remain in a bear market. We have seen a rally today in some of the metal stocks, 1-2 percent, these will happen together with the market everything is going up but in metals I am fairly downbeat; I continue to be." "Oil and gas is a very confusing scenario; I am not able to understand

  • IOC plans to process 55 MT of crude in 2015-16

    1 April, 2015 11:14 AM 11

    MUMBAI (Reuters) - Indian Oil Corp (IOC), the country's biggest refiner, plans to process 55 million tonnes (MT), or about 1.1 million barrels per day (bpd), of crude in the fiscal year that began on Wednesday, a senior official said.The state-run company, which runs eight refineries across India, achieved a refinery throughput of 53.61 MT in 2014-2015 with a capacity

  • 2014 was the best year for Indian networking infrastructure market since 2008: IDC

    1 April, 2015 11:12 AM 18

    According to International Data Corporation (IDC), the Networking market (including LAN and WLAN hardware) in India witnessed highest revenue since CY 2008, with over 20% growth year on year. However, within the year, investment witnessed a seasonal slowdown with a marginal decline in revenues during Q4 2014 as compared to previous quarter

  • Sensex rises over 1 percent, posts first weekly gain in four

    1 April, 2015 11:11 AM 15

    MUMBAI (Reuters) - The BSE Sensex and Nifty rose on Wednesday, posting their first weekly gain in four and the biggest since Jan. 23 week, as lenders rallied ahead of the Reserve Bank of India's policy review, while Sun Pharmaceutical Industries(SUN.NS) and Ranbaxy Laboratories(RANB.NS) surged ahead of a planned merger. Sentiment was also bolstered by firmer

  • Stay away from PSU banks: Ajay Bagga

    1 April, 2015 11:11 AM 9

    "IT on the fact as the numbers come out you might see some kind of bounce back. What I am really looking for is how are they going to use their cash. That is what we were waiting for. April is what we were told otherwise give the cash back to investors. IT is generating a lot of cash. So, not that big an impact as has been and they have really talked

  • Agreement with BBAM to settle rental dispute out of court: SpiceJet

    1 April, 2015 11:09 AM 15

    Budget carrier SpiceJet on Wednesday said aircraft leasing firm BBAM has agreed in-principle to settle out of court the dispute over aircraft rentals and not to pursue its application to the aviation regulator for de-registration of five Boeing planes. “SpiceJet has entered into an in-principle understanding with its five lessors managed by BBAM Aircraft

  • Sensex, Nifty resurrect ahead of long weekend

    1 April, 2015 11:08 AM 99

    After taking a breather in the previous trading session, the Indian equity market resumed its uptrend as the indices started FY16 with a bang. Banking shares led the rally ahead of the RBI policy meet early next week. Pharma, auto and FMCG shares were also among the top gainers. The market will be shut for the remainder of the week on account of trading