Business

Sensex Rises Over 250 Points, Nifty Settles Above 7,150

The Sensex and Nifty rose for the second straight day on Thursday on the back of broad-based buying. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also showed policymakers were divided over how to interpret the financial market volatility, suggesting it was backing away ... Read More »

MFs Bullish on IT Stocks; Exposure at Record High of Rs 43,000 Cr

New Delhi: Mutual Funds remain bullish on software companies, raising their allocation to all time high of over Rs 43,115 crore last month in view of the weakening rupee, which increases IT exporters’ profitability. In comparison, equity fund managers’ deployment in software stocks was Rs 35,463 crore in January last year. Industry experts said that fund managers have been raising ... Read More »

UK Sinha Assumes Office, Begins New Term As Sebi Chairman

New Delhi: U K Sinha today began his new term as Chairman of capital markets regulator Sebi following his reappointment to this position by the government. Sinha, who became Chairman of the Securities and Exchange Board of India (Sebi) on February 18, 2011, was initially appointed for a three-year term and was later given a two-year extension. Days before his ... Read More »

Royal Enfield Sales Zoom 65% in January

New Delhi: Eicher Motors’ Royal Enfield on Monday reported a 65 per cent jump in total motorcycle sales at 47,710 units last month as against 28,927 units in January 2015. The Chennai-based two-wheeler maker said sales of models with engine capacity up to 350 cc stood at 44,234 units last month as against 25,799 units in January 2015 – a ... Read More »

Bajaj Auto Sales Up Nearly 2% in January

New Delhi: Bajaj Auto on Tuesday reported a 1.78 per cent increase in total sales at 2,93,939 units last month as against 2,88,746 units in January 2015. Motorcycle sales during the month grew 2.44 per cent to 2,52,988 units as against 2,46,955 units in the corresponding period a year ago, the company said in a filing to the BSE. Bajaj ... Read More »

Soon, Cars May Have Fuel Economy Rating

Carmakers from April 1 may have to affix a label mentioning the fuel economy star rating which will help buyers choose vehicles on the basis of efficiency benchmark. Also, the government plans to make it mandatory for manufacturers and importers of cars to comply with average fuel consumption standards from April 1, 2017 in addition to display of fuel economy ... Read More »

Royal Enfield Plans to Ride into Brazilian Market

New Delhi: Niche bike-maker Royal Enfield is looking to gain entry into Brazil, the largest market in Latin America, and establish itself in major markets like Indonesia and Thailand as part of its plans to become a leading player in the 250-750 cc segment globally. “Currently, we are looking at Latin America and South East Asia regions for our growth ... Read More »

Talks on Dharwad Plant Fail to Yield Any Meaningful Result: Tata Motors

New Delhi: Tata Motors on Wednesday said talks between one of its subsidiaries – Tata Marcopolo -and the workers of its Dharwad plant failed to yield any meaningful result. Earlier this month, a lockout was declared at the Dharwad plant of Tata Marcopolo Motors following a strike by workmen over wage negotiations. The company in a statement issued on Wednesday said ... Read More »

ECB Says Ready to Ease Policy Further in March

ECB President Mario Draghi dismissed criticism that the central bank was running out of ammunition. Brussels/Frankfurt: The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices. The ECB will examine risks emanating from weaker emerging market growth ... Read More »

Disinvestment May Get Boost As Sebi Tweaks OFS Norms

New Delhi: In a move that may give a boost to the government’s disinvestment plan, the Securities and Exchange Board of India (Sebi) on Monday agreed to its suggestion for cutting the advance notice period for OFS (offer for sale) to one day and allowed retail investors to place their bids a day later for such share sales. Currently, listed ... Read More »