Business

Ranbaxy has been in the news for all the wrong reasons. Analysts believe its stock could be approaching its bottom soon.

The Sensex closed above 100 points. Buying was seen in banking, consumer durables, technology, metal, auto, FMCG, oil, pharma and capital goods stocks.

The BSE gained strength after the Bombay High Court approved RIL's demerger scheme and touched a new high of 9061.31 points.

ICICI Bank fixed the issue price of its Rs 5,000 crore domestic offer at Rs 525 per share. It also fixed the issue price of its American Depository Shares at $26.75.

Financial services powerhouse JP Morgan plans to hire 4,500 graduates in India over the next two years.

The thrice-weekly flight, to be operated with 201-seater A310 aircraft on Monday, Thursday and Friday, will depart from Pune at 1515 hrs IST.

India's GDP rides high at 8 per cent for the quarter ending September, beating forecasts of 7.4 per cent. Biz pundits agree India is shining.

Gold prices reached an 18-year high on Tuesday and jewellery shops are desperate for new customers to maintain demand.

In view of the investment boom, FM announces interest rates to remain the same for the rest of the current fiscal.

The London-listed Indian zinc, copper and aluminium company is evaluating to build a 500,000 tonnes-a-year aluminium smelter in Orissa.

GE India sets up an India Development Fund with its $145 mn settlement in the Dabhol dispute.

A London-based firm is wooing Indians to buy hotel rooms in London, promising handsome returns on their investments.

The rate of inflation declined marginally to 4.49 per cent for the week ended October 22.

Sahara is primarily looking at selling 10 to 17 per cent of equity. But it could allow itself to be acquired as well.

With plans of a merger between Air India and Indian Airlines already in the pipeline, A-I acquired 68 more planes to its fleet.

Reliance Capital?s profit for the half year also jumped up by 306 per cent at Rs 187 crore.