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  • 05 Aug 15
    12:59 AM
    In line with market expectations, the Reserve Bank of India (RBI) on Tuesday kept the key interest rate unchanged at 7.25 per cent at its third bi-monthly review of monetary policy.
    12:58 AM
    Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday signalled a truce with the government over who should decide interest rates and said the idea behind setting up a monetary policy committee was to move away from the current practice of the
    12:57 AM
    In the first major endorsement of the government's 'Make in India' campaign by a global major, Taiwan-based Foxconn, the world's largest electronics contract manufacturing giant, is looking at manufacturing items ranging from solar power
    12:56 AM
    Securities and Exchange Board of India (Sebi) Chairman U K Sinha believes the market regulator has strong systems to monitor capital coming through the participatory notes (P-note) route, though it will consider recommendations in this regard seriously.
    12:45 AM
    The world’s third largest telecom company, Bharti Airtel reported a 40.2 per cent jump in net profit for the quarter ended June at Rs 1,554 crore.
    12:44 AM
    On June 31, the Union ministry for drinking water and sanitation invited a batch of district collectors from various states to instil in them the importance of Prime Minister Narendra Modi's Swachh Bharat Mission (SBM).
    12:44 AM
    Biscuit maker Britannia Industries has reported a 67 per cent rise in net profits for the April-June 2015 quarter at Rs 190 crore, compared with Rs 114 crore in the year-ago quarter, on the back of improved consumer off-take and operational
    12:40 AM
    In an interaction with journalists after the monetary policy announcement, Reserve Bank of India Governor Raghuram Rajan speaks on various issues.
    12:40 AM
    Britannia Industries, which recently pipped Parle to attain first position in the biscuit market, has lined up a slew of new launches and is also looking to streamline its distribution network.
    12:39 AM
    Anil Agarwal’s Sterlite Technologies is looking for land, possibly in Madhya Pradesh, for a factory to make LCD panels, say sources.
    12:38 AM
    After an 18-month prolonged wait, the US government on Tuesday finally extended the generalised system of preferences (GSP) for Indian exporters retrospectively from August 2013, enabling duty-free entry of 3,500 product lines.
    12:38 AM
    Fiat Chrysler Automobiles, the seventh largest automobile maker in the world, has less than one per cent market share in India.
    12:36 AM
    The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY/life insurance product) and Pradhan Mantri Suraksha Bima Yojana (PMSBY/personal accident policy) will now be considered a part of social sector obligations for insurers.
    12:36 AM
    The Reserve Bank of India (RBI) might announce more open market operation (OMO) sale of bonds if overnight rates do not trade close to the repo rate, at which it lends to banks.
    12:34 AM
    Myntra, India’s largest app-only fashion store, expects in-house brands to generate annual revenues of $100 million (Rs 630 crore) each, as the firm is set to increase focus on building own brands that generate higher market share and margins.
    12:34 AM
    A step to protect the asset quality of banks, Reserve Bank of India chief Raghuram Rajan has said the stress from financially troubled state-owned power distribution companies (discoms) needed to be addressed on priority.
    12:33 AM
    US billionaire Gary Klesch’s Klesch Group has abandoned plans to buy Tata Steel’s  long products unit in the UK, which employs 6,000.Klesch blamed the withdrawal on rising energy prices and cheap imports from China.
    12:32 AM
    Air India (AI) will sign an agreement with Citibank and State Bank of India to raise $300 million (Rs 1,900 crore) of external commercial borrowing.
    12:32 AM
    The Union ministry of coal has issued showcause notices to Karnataka and Punjab power utilities which were allotted coal blocks for unauthorised appointment of a mining development operator (MDO).
    12:32 AM
    Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday said they were in talks with the government about a medium-term framework for foreign portfolio investor (FPI) limits in debt securities.
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Sensex

Company Price Gain (%)
Tata Steel256.403.39
Hindalco Inds.109.303.36
Coal India442.852.82
St Bk of India288.202.54
M & M1,362.852.18

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