European Union competition ministers supported plans on Friday to remove barriers to electronic trade in a bid to spur economic growth and jobs by expanding the single market to the digital world, officials said.
Riding high on the back of frantic buying by foreign funds, the benchmark Sensex posted gains for the fifth consecutive week and settled higher by almost 371 points at more than three-month high of 17,604.96.
Piramal Healthcare Saturday announced it would buy a 5.5% stake in Vodafone India for Rs.3,007 crore ($618 million), taking the total stake of the cash-rich drug manufacturer in the mobile telecom firm to 11%.
Prices of gold tumbled by Rs 600 while silver fell sharply by Rs 1,590 a kg on the bullion market due to heavy selling by stockists which took cues from weak global markets.
Five senior bureaucrats, who have served or are serving powerful political establishments, are among 15 candidates in race for the post of chairman of the world’s biggest coalminer, state-run Coal India Ltd .
Top Reliance Industries Ltd (RIL) officials told Parliament’s public accounts committee (PAC) that the company will return offshore areas at Krishna-Godavari gas fields to the government this year.
The rally in the stock market continued for the fifth consecutive week on the back of strong foreign fund buying, and the sensex closed 173 points higher at 17,605 — its highest close in over three months.
Within 24 hours of the Supreme Court (SC) order cancelling 121 telecom licences awarded by A Raja in 2008, the affected companies seem to be getting their act together.
The US unemployment rate fell to 8.3 percent in January, its lowest level in more than two years, thanks to an unexpected surge in hiring, government data showed Friday.
A benchmark index for Indian equities witnessed choppy trade Friday afternoon, moving in a narrow range of less than 100 points even as Bharti Airtel rose sharply for the second day after the Supreme Court order cancel 122 licences of eight telecom firms.
Main indices of Indian equities markets rallied for the fifth straight week, with benchmark Sensex rising above 17,600 points on the back of continued buying support from overseas investors.
Extending gains for the fourth day in a row, the BSE benchmark Sensex today rose by 173 points on sustained buying driven by expectations of a cut in interest rates by the Reserve Bank.
The foreign exchange reserves rose for the second consecutive week, increasing by $673.4 million to $293.93 billion on account of jump in foreign currency reserves.
