Business News

The Indian equity markets followed the global escalation, with the benchmark Bombay Stock Exchange Sensex rising 204 points or 1.2 per cent to close at a new 17-month high of 17,231.

Double-digit growth in index of industrial production (IIP) after 22 months brought cheer to the market as the Sensex at Bombay Stock Exchange (BSE) rose by 2.3 per cent to close at 17,026.

The current financial crisis has provided ?an unique window of opportunity? to deal with climate change, the Paris-based International Energy Agency (IAEA), said during the UN climate negotiations in Bangkok on Tuesday.

Ever since countries across the globe started measuring economic progress in terms of gross domestic product (GDP), several analysts and thinkers have criticised this measure, because according to them, it does not measure genuine progress.

New Delhi, Sept. 30 -- The two rallies when the BSE Sensex rose from 8,000 to 17,000 have three common elements - both occurred in the month of September, were set afire by liquidity and were driven by real estate firms.

New Delhi, Sept. 30 -- Market players seem unanimous on the fact that Sensex at 17,000 has crossed its fundamentals and suggest that a correction lies ahead.

New Delhi, Sept. 23 -- Boosted by the confidence shown by foreign institutional investors (FIIs), the once beaten-down real estate sector has witnessed a resurgence at the stock market even as concerns on their ability to deliver and the quality of their books of accounts linger in the air.

India?s largest private sector power utility, Tata Power, is not banking on conventional power projects to increase its presence overseas but is instead looking at tie-ups with leading energy firms to implement environment-friendly ?green power projects?. This includes geothermal energy (power generated from heat within earth) and using clean coal technologies for commercial applications.

Encouraged by revival trends in the global economy and an infusion of cash, the 50-share Nifty of the National Stock Exchange kissed the 5,000-mark on Thursday ? the first time after a 16-month-long nerve-wracking downturn in the markets.

The US Department of Justice is looking into the advertising and search alliance between Microsoft and Yahoo, the companies said on Friday.

Fears of inflation pushed gold prices to a new high on Tuesday, suggesting a dampen-ed demand this festive season.

As the finance ministers and central bank governors of G20 nations (19 countries and EU) met in London on September 4 and 5, ahead of the Pittsburgh Summit on September 24 and 25, they released a report card on work done and offered more pledges.

Indian stocks closed at a 15-month high on Monday as global markets firmed on positive US jobs data last week that boosted hopes of economic recovery. A late monsoon surge added to sentiments of investors worrying about the economic impact of a worsening drought, although the downpour over the past week, experts say, isn?t much help to farmers.

"So why you not as famous as Mark Zuckerburg?" I ask Beerud Sheth, tongue firmly in cheek. Pat comes the reply: "Because in India, the approach is firangi, not tirangi."

Mukesh Ambani's Reliance Industries Ltd (RIL) on Sunday hit out against a charge by the Anil Dhirubhai Ambani Group (ADAG) in a media campaign that it was producing less gas from the Krishna-Godavari basin to create an artificial scarcity.

All eyes are on India's gross domestic product (GDP) data for the April-June quarter, set to be released on Monday amid hopes of a strong economic rebound after factory output rose 7.8 per cent in June - the strongest growth in 16 months.

In 25 days, leaders of the 20 most powerful economies are going to fritter away an opportunity - the biggest the world has ever seen.

Inflation rose to minus 0.95 per cent for the week ended August 15 from minus 1.53 per cent in the previous week due to rising food prices.

The Bombay Stock Exchange (BSE) has received the go-ahead from the Securities and Exchange Board of India (SEBI) for launch of interest rate futures and would launch it in about two months. s. The BSE said systems and processes were ready for the launch.

The government was considering a proposal to increase the foreign direct investment in print media to 49 per cent from the present 26 per cent, Information and Broadcasting Minister Ambika Soni said on Wednesday.