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Union Cabinet clears 2G Spectrum Auction
The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the proposal of the Department of Telecom to proceed with auction of 380.75 MHz of second generation (2G) spectrum.
The government will sell 380.75 MHz of 2G…
Bloodbath at BSE Sensex, Investors lose Rs 3 Lakh Crore
BSE Sensex tumbled over 500 points and Nifty shed over 150 points on early trading session on Tuesday following weak global cues.
At 10:30 AM, the BSE Sensex was 27, 320 points losing around 500 points (-1.80%) and Nifty at 8,226 points…
BSE Sensex on a High, breaches 28,000 Mark
The 30-share BSE Sensex touched 28,000 points on the opening trade today for the first time since December 9. The NSE Nifty was at 8, 4 00 gaining 22 points.
Today, at 10 a.m. the Sensex touched the highest at 28063 points and at 11 am…
Coal India to hire 800 Executives by February End
State-owned Coal India Ltd will hire as many as 800 executives by February 2015. The government has been formulating strategies to boost the output of Coal India to 1 billion tonne in next five years.
Working on long-term hiring plans,…
Amul to export Milk Power and Cheese to Russia
Gujarat Cooperative Milk Marketing Federation (GCMMF), makers of Amul brand dairy products, will start exporting milk power and cheese to Russia.
Federation may start export in next two to three months after regulatory approvals. Amul…
Ashok Leyland sales up 48% in December
Ashok Leyland, auto major in India, recorded 48 per cent growth in sales in December 2014. The company sold 9,290 units comparing to 6,275 units in December 2013.
According to a company statement, the sale of medium and heavy commercial…
Cyient to acquire majority stake in Rangsons Electronics
Cyient Limited (Cyient) will acquire majority stake in Rangsons Electronics Private Limited (Rangsons Electronics), a leading electronics system design and manufacturing (ESDM) services company, in Mysore.
According to a statement issued…
Tata Motors Sales up 10% in December
Tata Motors, India’s largest automobile company, recorded 10 per cent growth in car sales including the exports in December 2014. The company sold 41,734 cars including commercial and passenger vehicles, comparing 37, 836 cars sold in last…
BSE Sensex Gains 400 Points
BSE Sensex gained 400 points led by shares of banking, pharma, capital goods, consumer durables and energy companies on Friday. Nifty gained 120 points.
At 2 p.m. the Sensex was trading 412 points (1.50%) higher at 27,920.08 points and…
Govt. hikes Excise Duty on Petrol and Diesel
The government raised excise duty on petrol and diesel by Rs 2 per litre with effect from Thursday midnight, keeping retail pump rates unchanged.
Excise duty on unbranded petrol and diesel hiked to Rs 6.95 per and Rs 5.96 per litre…