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Business
BSE Sensex surges after Mulayam’s Assurance to UPA
TNI Bureau: The BSE Sensex climbed 500 points after Samajwadi Party Chief Mulayam Singh Yadav announced that his party will continue to give external support to the UPA government. Along with market, the domestic currency rose to 53.50…
Wal-Mart – Good for India?
TNI Bureau: With the approval of the much-awaited FDI in retail by the government of India, can the country fight against the slow economy? The set up of the western market will increase the value of Indian currency against US dollar? Many…
Centre approves Disinvestment in 5 PSUs
TNI Bureau: Centre approved the proposal of disinvestment in five public sector firms including Hindustan Copper, Oil India, RITES, MMTC and Nalco, to raise up to Rs 15,000 crore. The move would hit the stock market and help the government…
Infosys-Lodestone Deal: A Giant Step Forward
TNI Bureau: Despite the decline of sales and share, India’s leading IT Firm’s Lodestone acquisition deal is a giant step forward – said the analysts. This year Infosys has missed its sales targets, lost market share to local rivals and even…
Gold Prices touch Rs 32,000 Mark per 10g
TNI Bureau: Gold prices crossed the Rs 32,000-mark for the first time in India ahead of the wedding season and the festivals. The yellow metal rose by Rs 320 to Rs 32,300 per 10 grams.
The precious metal has gained by Rs 1,555 per 10…
Gold Prices hit all-time High of Rs 31,850 per 10 Grams
TNI Bureau: Gold prices broke all its previous records and touched all-time high of Rs 31,850 per 10 grams on Tuesday ahead of the festival seasons Ganesh Chaturthi and Dussehra.
With the high price of the yellow metal, the customers now…
Can Vijay Mallya revive Kingfisher Airlines?
TNI Bureau: Analysing the current situation of the cash-strapped Kingfisher, it is quite obvious that Vijay Mallya may not be able to survive unhurt without Diageo. The excellent but poorly managed Kingfisher airline is struggling to stay…
Sahara gets Big Jolt, while Investors Celebrate
TNI Bureau: The Supreme Court ordered two of the Sahara Group’s companies to refund Rs 17,400 crore with 15 per cent interest, to more than two crore small investors, who had invested in their optionally fully convertible debentures (OFCD)…
IndiGo no longer remains Cheapest Airlines
TNI Bureau: IndiGo and Jet Airways, which provide air services at cheaper rate, had charged higher fares in several sectors on many routes than all other carriers in July when airfare had dropped.
According to the data by the aviation…
Odisha emerges as top FDI Destination: Assocham
TNI Bureau: Odisha has emerged as the top destination for foreign direct investment (FDI) with the proposals worth Rs. 49,527 crore, while developed states like Andhra Pradesh and Gujarat stood second and third respectively in the list.…