Business News Headlines

(SUNDAY) Hopes of healthy results, monsoon and rate cut to guide markets

Mumbai , May 23 High volatility is expected in the Indian equities space as anxiety builds-up over the upcoming quarterly results, expiry of the May futures and options (F&O), key economic data from the US and the hope of a rate cut by the apex bank.

Healthy quarterly numbers and bond yield moderation cheers markets

Mumbai , May 23

A healthy set of quarterly results coupled with the moderation in US and German bond yields and Greece's timely settlement of some its dues led a benchmark index of the Indian equities markets to make gains in the previous weekly trade.

GAIL to supply gas to Haryana's industrial town Bawal

Chandigarh , May 23

The Haryana State Industrial and Infrastructure Development Corporation Ltd. (HSIIDC) on Saturday allowed GAIL (India) to supply piped gas in the model industrial township of Bawal in Rewari district.

Depreciating dollar, RBI investment returns hike foreign reserves

Mumbai , May 23

Depreciation in dollar value, interest payments on securities held by the apex bank in non-dollar currencies and the rich payouts for its participation in the forwards trading market led to an exponential rise in India's foreign exchange reserves.

Nirmala Sitharaman to lead business delegation to Algeria

New Delhi , May 23

Commerce Minister Nirmala Sitharaman will lead a business delegation to Algeria from May 26 to June 1, 2015, a FICCI statement said here on Saturday.

Bengal petrol pump owners withdraw agitation

Kolkata , May 23

Following a tripartite meeting between petrol dealers, oil companies and state government officials, petrol pump owners in south Bengal and Kolkata have withdrawn from their stand of abstaining from fuel purchase.

Rise in aircraft acquisition to boost MRO sector: Industry body

Bengaluru , May 23

The exponential rise in aircraft acquisition by domestic passenger carriers has the potential to boost the local maintenance, repair and overhaul (MRO) industry in India, the association for the sector has said.

Hitachi Solutions to start second facility in Hyderabad

Hyderabad , May 23

Hitachi Solutions India, a subsidiary of Hitachi Solutions America and a leading provider of global industry solutions and services, plans to start its second development centre here in August this year.

Seaplane tourism in Goa from August

Panaji , May 23

Tourists desirous of getting a bird's eyeview of Goa's breathtaking natural beauty can look forward to a thrilling experience as the state is set to launch a seaplane facility in August this year.

Linc Pen & Plastics' net profit up 24 percent

Kolkata , May 23

Writing instruments company Linc Pen and Plastics Ltd (Linc) on Saturday said its net profit during the fiscal year 2014-15 increased by over 24 percent at Rs.14.32 crore against Rs.11.51 crore during 2013-14.