Business News

  • Facebook founder Mark Zuckerberg donates USD 25 million to fight Ebola

    Facebook founder Mark Zuckerberg donates USD 25 million to fight Ebola

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    Facebook co-founder Mark Zuckerberg announced on that social networking site that he and his wife, Priscilla, donated $25 million to the United States Centres for Disease Control and Prevention for the fight against the Ebola virus disease.The founder of the popular social networking website…

  • MFs' exposure to bank stocks hits record-high

    MFs' exposure to bank stocks hits record-high

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    Mutual fund (MF) managers raised their exposure in bank stocks to an all-time high of nearly Rs 55,000 crore in June this year amidst soaring equity market.According to the latest data available with market regulator Sebi, mutual fund (MF) investments in banking stocks reached…

  • Narendra Modi hints at increased private sector role in Railways

    Narendra Modi hints at increased private sector role in Railways

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    Ahead of the Rail Budget, Prime Minister Narendra Modi on Friday hinted at an increased role of the private sector in development of railways."We want the railway stations to have better facilities than airports. This is our dream and it is not a difficult…

  • Gold price falls; silver rises by Rs 300

    Gold price falls; silver rises by Rs 300

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    Gold prices fell by Rs 10 to Rs 28,650 per 10 grams in the national capital on Friday on decline in demand for the metal at prevailing levels, amid a weak global trend.However, silver continued its rising trend for the third straight day and…

  • Sensex crosses 23,000 points on BJP win hopes

    Sensex crosses 23,000 points on BJP win hopes

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    The BSE Sensex hit a record high on Friday on hopes the opposition Bharatiya Janata Party would win a majority in elections set to conclude next week, sending blue-chips such as ICICI Bank sharply higher.The five-week-long elections are set to conclude on Monday, with…

  • HCL Tech Q3 net profit up 59 pc at Rs 1,624 cr

    HCL Tech Q3 net profit up 59 pc at Rs 1,624 cr

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    IT services firm HCL Technologies on Thursday posted 59 per cent increase in net profit at Rs 1,624 crore for the quarter ended March 31, 2014.The Noida-based firm had posted a net profit of Rs 1,021 crore in the corresponding quarter of last fiscal…

  • Sensex rises to fresh record high; capital goods stocks gain

    Sensex rises to fresh record high; capital goods stocks gain

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    A benchmark index of Indian equities markets touched a new record high of 22,792.49 points for the second consecutive day on Thursday, surpassing the high of 22,740.04 points it touched on Wednesday.Healthy buying was observed in capital goods, banks and automobile stocks, while healthcare,…

  • RBI allows foreign investors to hedge currency risks

    RBI allows foreign investors to hedge currency risks

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    To improve risk mitigating environment in the country, the Reserve Bank of India (RBI) has allowed overseas investors to hedge their currency exposure.In its first bi-monthly policy, the central bank, in order to enhance hedging facilities for foreign investors in debt instruments, proposed to…

  • Grounded Kingfisher posts $132 million Q3 loss

    Grounded Kingfisher posts $132 million Q3 loss

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    Vijay Mallya's grounded Kingfisher Airlines has reported yet another quarterly loss as it had no income from operations. The airline has not flown in more than a year.The low-cost carrier on Wednesday said net loss was Rs 8.22 billion for its third quarter ended…

  • BSE Sensex falls on selling by funds, retail investors

    BSE Sensex falls on selling by funds, retail investors

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    The BSE Sensex fell over 90 points in opening trade on selling by foreign funds and retail investors, triggered by a weak trend in the Asian region. The 30-share index of the Bombay Stock Exchange fell by 90.36 points, or 0.44 per cent, to 20,423.49.…

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