To promote the firms working on sustainable business practices, BSE is expected to start with their second thematic index, the BSE GREENEX, on Wednesday. Around 20 companies from BSE 100, their index is giving equal weight age to both energy efficiency and profitability. The Union Corporate Affairs Minister, Veerrappa Moily inaugurated this new plan of […]
2012 has so far been an auspicious period for small and mid cap indices, as they out perform their large-cap peers. Gains in the small-cap index of the BSE have so far achieved a return of 28%, from the start of 2012, with the mid-cap index following suit, achieving a 27.5% for the period. In […]
In a bid to make the auto components industry more competitive in the global realm, the Department of Heavy industry (DHI) has asked for Rs 1,000 crore in the next budget. This kitty is meant to encourage the upgrading of technology in auto component manufacturing plants. The funds would enable auto industry players to take […]
Adani Gas, a unit of Adani Enterprise, will pick up 20% share in the Green Gas Limited, joint venture between state-run gas utility GAIL India and Indian Oil Corporation. Green Gas is supplying Compressed Natural Gas (CNG) in the cities like Agra, Lucknow. Adani Gas Company GAIL India and IOC hold 22.5% each in the […]
In a personal interview Sean Darby, the Global Head of Equity Strategy, said that, India is among those countries where we can invest money very easily. India and Turkey has earned the balance again very rapidly and that’s the reason why that different country is willing to invest due to being the recipient of hot […]
Indian shares witness biggest rise in 3 months, as optimism on the recovery of the U.S banking sector boosts investor confidence. The 30 share BSE index (BSEN) witnessed a 4.95% rise in prices, marking its highest one-day percentage gain since Dec 2011. 28 of it’s constitute stocks rose in the broader market, as gainers led […]
Reserve Bank of India raised 120 billion rupees by selling bonds on Friday. RBI also set a cut off price of Rs. 103. 85, yielding 8. 2040% on 8.79% bonds maturing in 2021. The coupon was lower than the forecast of 8.2262 per cent in a Reuter’s poll earlier in the day. Reserve Bank of […]
Car buyers in Bangladesh can soon look forward to the availability of economically priced, small and reliable Tata Nano Cars. According to Abdul Matlub Ahmed, chairman of Nitol-Niloy Group, the company plans to import up to 2,000 cars initially, but this figure could go higher with increased demand. The Nano is reputed globally as the […]
