APN News

  • Saturday, April, 2024| Today's Market | Current Time: 09:42:20
  • Industrial output contracts to 3-month low of 0.6% in December

    Indicating persistent sluggishness in the economy, industrial output contracted to a three-month low of 0.6 per cent in December due to poor performance of manufacturing and mining sectors and decline in production of capital as well as consumer goods. The industrial output, as measured by the Index of Industrial Production (IIP) had grown by 2.7 […]

    Sensex up over 50 points in early trade ahead of IIP data

    The BSE benchmark Sensex on Tuesday recovered by over 50 points in early trade, snapping its eight-session losing streak, on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses. The 30-share barometer rose by 50.20 points, or 0.26 per cent, to 19,510.77. It had lost […]

    Govt to give Rs 25,000 cr additional fuel subsidy

    The government will pay Rs 25,000 crore additional cash subsidy to state-owned fuel retailers to make up for part of the revenue they lost on selling auto and cooking fuel below cost this fiscal. The Finance Ministry on 7th February issued a “comfort letter” to Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan […]

    BSE Sensex falls for eighth day; financials decline

    The BSE Sensex fell on Monday for an eighth consecutive session, marking their longest losing streak since May 2011 as ONGC retreated ahead of quarterly results, while financial stocks fell after the central bank governor said inflation was “still high.” Reserve Bank of India Governor D Subbarao reiterated his warning ahead of the January wholesale […]

    Ambani appointed Chair of India Advisory Council of BAT

    Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has been appointed the Chair of India Advisory Council of British Asian Trust (BAT). Prince Charles made the announcement at Windsor Castle on Monday at a gathering to celebrate the 5th Anniversary of the British Asian Trust, a charity founded in 2007 by British Asian business […]

    Sensex down 16 pts in early trade

    Extending losses for the eighth straight session, the BSE benchmark Sensex on Monday lost over 16 points to 19,468.36 in early trade due to sustained selling by funds amid absence of any market moving factor from overseas. The 30-share barometer, which has lost over 520 points in the previous seven sessions, fell further by 16.41 […]

    Check malpractices to bring back retail investors: FM to SEs

    Expressing concerns over malpractices in equity trading, Finance Minister P Chidambaram on Saturday said there is a need to demystify the functioning of stock market and deal with insider trading issues to inject confidence in retail investors. “It is important that we have to demystify the operations of the stock market. We have to make […]

    Rajiv Gandhi Equity Savings Scheme to be launched today

    Finance Minister P Chidambaram will today launch the much-awaited Rajiv Gandhi Equity Savings Scheme in Mumbai . The scheme is aimed at encouraging new investors to put their money in the stock market. The scheme, which was announced in the Budget for 2012-13, seeks to provide tax benefits to first-time investors in stock market. Under […]

    Sensex falls for 7th day on earning concerns, economic growth

    The BSE benchmark Sensex on Friday lost over 95 points on fag-end selling by investors concerned over economic growth and lower earnings by blue-chip stocks amid a weak Asian cues. In a seven straight day of losses, the Sensex fell by 95.55 points, or 0.49 per cent to 19.484.77 on heavy selling in last 30-minute […]

    Telcos continue removing inactive SIMs; 26mn users lost in Dec

    As cellphone operators continued disconnecting inactive SIM cards, India’s total telecom subscriber base declined by 25.97 million to 895.51 million in December, sectoral regulator Trai said. In November, the country had 921.47 million telecom subscribers. “Total wireless subscriber base decreased from 890.60 million in November 2012 to 864.72 million at the end of December 2012. […]