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Modi effect to remain on mkts, Sebi to keep watch

Monday, 19 May 2014 | Anchal Kakroo | New Delhi

Market rally to continue, traders to book profits on rise: Experts Euphoria of the Bharatiya Janta Party winning with clear majority in the 2014 General Elections was evident from the 1,000 point rally in the Sensex. But despite losing almost 700 points in heavy profit booking, analysts expect the bull rally...

Over 30 entities under Sebi lens for unusual trading on May 16

Monday, 19 May 2014 | PTI | New Delhi

More than 30 entities, including brokers and high net worth individuals, have come under the scanner of market watchdog Sebi for unusual trading activities on the day of Lok Sabha election results. The trading activities of these entities came to the notice of the regulator on May 16, the day...

Amul to invest Rs4,000-4,500 cr in two years on expansion

Monday, 19 May 2014 | PTI | New Delhi

Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells products under Amul brand, is going to invest around Rs 4,000-4,500 crore in next two financial years for processing higher quantity of milk. GCMMF has already increased its milk processing capacity to 230 lakh litres per day from 170 lakh litres per day...

ONGC scales highest-ever market cap of Rs3.56 trillion

Monday, 19 May 2014 | PNS | New Delhi

Riding the wave Narendra Modi's election created in stock markets, state-owned Oil and Natural Gas Corp's (ONGC) market capitalisation has touched an all-time high of Rs 3.56 trillion. "In intra-day trade on May 16, ONGC scrip logged a new peak of Rs 416.35 on the National Stock Exchange, taking its market...

FIIs pour in Rs 1-lakh crore since Modi declared BJP PM candidate

Monday, 19 May 2014 | PNS | New Delhi

Foreign investors have pumped in over Rs one lakh crore in the Indian securities market since Narendra Modi was announced as the prime ministerial candidate by Bhartiya Janta Party (BJP) in September last year. As per latest data compiled by capital markets regulator Sebi, the net investments by FIIs into Indian...

VW to invest 100 mn euros on new models, localisation in India

Monday, 19 May 2014 | PTI | New Delhi

German auto giant Volkswagen Group is planning to invest about 100 million euros (over Rs 800 crore) in India to expand business, including launches of sedan and SUV in the compact segment along with a hatchback. "At present, an investment of approximately 100 million euros is in the decision process...

Dept of Telecom for amending Telegraph rules for mobile phones

Monday, 19 May 2014 | PTI | New Delhi

The Department of Telecom has suggested amendment in the Indian Telegraph Rules which will allow it to get enforcement powers to test mobile phones for radiation. As per the norms that are already in place, the specific absorption rate (SAR) value of mobile phones is limited up to 1.6 watt per...

Foreign trade policy expected after Budget

Monday, 19 May 2014 | PNS | New Delhi

The Commerce Ministry is expected to announce the new five-year foreign trade policy (2009-14) after the Budget as it seeks to boost manufacturing and exports, among other things. "The Directorate General of Foreign Trade (DGFT) is already doing stakeholder consultations. It is expected that the new FTP would be announced only...

Jet re-working profitability plan

Monday, 19 May 2014 | PTI | Mumbai

Private carrier Jet Airways is re-working a comprehensive profitability plan sought by its foreign partner Etihad Airways, which completed a 24 per cent stake purchase in the Naresh Goyal-led carrier recently. The development comes on the heels of the market regulator Sebi exempting the UAE carrier from making an open offer...

Realtors expect revival in property mkt

Monday, 19 May 2014 | Priyanka dua | New Delhi

Hailing the outcome of the Lok Sabha elections real estate developers and experts have expressed hope that the stable BJP-led Government at the Centre would rejuvenate the property market. The sector is looking forward to a number of policy initiatives, including a review of the FDI rules in housing, status of...


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‚ÄėAssault‚Äô on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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IN BRIEF

23 Jun 2018 | PNS | Kochi

MCD still waiting for HC order on encroachment Dehradun: Days after the High Court ordered the officials to remove encroachment from different areas of Dehradun like markets, streets and footpaths in four weeks, the officials concerned said on Friday that they were still waiting for the order to come. They, however, assured that they would execute the order once they get a copy and read it thoroughly...

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