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Business

Cairn India gets green nod to raise output from R’sthan block

Cairn India has received environmental clearance for raising crude oil production from Rajasthan block to 2,00,000 barrels per day. The company on Monday received approval to augment hydrocarbon production from the RJ-ON-90/01 Block in Barmer to 3,00,000 barrels of oil per day (bopd) from the current limit of 2,00,000 bopd, sources said.

Stock & Share

Sensex down 51 pts in early trade on global cues, weak rupee

Extending losses for the third straight session, the benchmark BSE Sensex fell over 51 points in early trade Tuesday on sustained selling by funds, tracking mixed Asian cues and weakening rupee amidst tension in Iraq that led to rise in global crude prices. The 30-share index, which had lost 385.73 points in the previous […]

Business

Proper food management to help ease price rise: Rajan

The Reserve Bank on Tuesday said it is closely watching inflation situation and hoped that proper food management will help in easing of food prices. “We are watching inflation situation. Food prices have had an effect in the last couple of months,” RBI governor Raghuram Rajan said, adding food prices may come down with appropriate […]

Markets

India Realty Market Update

By ANSHUMAN MAGAZINE, CMD CBRE South Asia Pvt. Ltd. Expectations of an economic turnaround were bellied with GDP growth slowing down to about 4.7% for FY 2013–14, marking it as the second straight year with below-5% growth. Agriculture grew at 6.3% q-o-q, while manufacturing growth dipped to a low of about 1.4% q-o-q. A persistent […]

Stock & Share

Sensex slips to over 10-day low on rising inflation,weak rupee

The benchmark Sensex on Monday fell for the second session and ended 37.69 points down at 25,190.48, its lowest level in over ten days, as banking shares slipped after May wholesale inflation surged, amid a weak rupee. Besides, rising crude oil prices in global markets on escalating tensions in Iraq further dampened hopes of […]

Stock & Share

Sensex down 34 points on weak Asian cues, profit-booking

The benchmark BSE Sensex dropped over 34 points in opening trade on Monday as funds and retail investors indulged in reducing positions on weak Asian cues amid fears over the growing crisis in Iraq. Besides, a cautious approach adopted by participants ahead of wholesale inflation data for May to be released later in the […]

Finance

mRUPEE partners with Infibeam to launch online Retail eCommerce

Mumbai: MMP Mobi Wallet Payment Systems Limited (MMPL), a 100% subsidiary of Tata Teleservices Limited, today announced launch of its dual payment gateway based online retail eCommerce website shop.mrupee.in powered by Infibeam, a leading ecommerce company in India that offers retail platform www.infibeam.com and e-commerce technology platform buildabazaar.com for SME’s & enterprise clients. This partnership […]

Banking

ING Vysya Bank kicks off social media campaign on FIFA World Cup

Bangalore : ING Vysya Bank joined the FIFA World Cup chorus by kicking off an innovative social media campaign – “Master Save”. The online contest that begins today will conclude with the World Cup final slated for July 14. The bank will post four best saves everyday from the previous day match and invite football […]

Markets

CapitalVia’s Equity market outlook report for June 3rd week

Mr. Vivek Gupta – Director Research CapitalVia Global Research Limited Markets opened on a positive note and extended previous weeks gain for third consecutive session and were trading at lifetime high tracking firm global cues along with capital goods and financials leading the gains. 50 share index Nifty June Fut made a high of 7715, […]

Stock & Share

Oil shock spooks mkts, Sensex slips 348 pts

Stocks were hit a by a sell-off with Sensex and Nifty recording their biggest single-session drop in over four months on Friday as civil unrest in major crude producer Iraq pushed up oil prices. The 30-share S&P BSE benchmark Sensex tanked 348.04 points, or 1.36 per cent, to end at 25,228.17 and NSE 50-share Nifty […]