Negative cues plunge Indian markets in weekly trade

Negative cues plunge Indian markets in weekly trade

Mumbai, March 14  Negative global cues and disappointing retail inflation data, led a benchmark index of Indian equities markets to its worst weekly fall in 2015. The barometer index of the Indian equities market, the benchmark 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE) plunged 945.65 points or 3.21 percent during the […]

$40 million investment and more than 400 new jobs for Tasmania

$40 million investment and more than 400 new jobs for Tasmania

Tasmania’s economy will receive a $40 million injection and more than 400 new jobs will be created thanks to the $13 million Australian Government Innovation and Investment Fund and $27 million in matching investment by local businesses. Minister for Industry and Science Ian Macfarlane said,”Forty one businesses across the State will receive from $50,000 to […]

Pipavav, L&T shortlisted for Rs.60,000 submarine deal: Source

Pipavav, L&T shortlisted for Rs.60,000 submarine deal: Source

New Delhi, March 9 Larsen and Toubro and Pipavav Defence, in which Reliance Infrastructure of Anil Ambani Group is acquiring a majority stake, have been shortlisted for the Rs.60,000-crore potential contract to build six submarines for the Indian Navy, sources said Monday. “Project 75i, as we call it, is for purchasing six next-generation submarines with […]

Sensex plunges 327 points; banking stocks down

Sensex plunges 327 points; banking stocks down

Mumbai, March 9  A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), plunged 327.55 points or 1.11 percent as banking stocks plummeted on Monday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading at 104.55 points or 1.17 percent down at 8,833.20 points. The Sensex of the S&P […]

Naidu invites japan to invest in Andhra’s capital

Naidu invites japan to invest in Andhra’s capital

Hyderabad, March 5 (IANS)Andhra Pradesh Chief Minister N. Chandrababu Naidu on Thursday invited Japanese firms to invest in the development of the new state capital and in various sectors which offer huge opportunities.He promised the investors faster clearances, allotment of any amount of land, round-the-clock electricity supply, water and hassle-free business environment.Naidu was addressing a […]

India’s spices exports rise by 32 percent

India’s spices exports rise by 32 percent

India’s spices exports jumped by 32 percent to $1.39 billion in the April-November period of the current financial year, according to data released by the Spices Board of India. In terms of US dollar value spices exports rose by 32 percent in the first eight months of the current fiscal while in rupee term the […]

Kolkata to host international mining event Feb 13-16

Kolkata to host international mining event Feb 13-16

Over 600 delegates and 300 exhibitors from 30 countries will take part in a four-day mega mining conference to be held here from Feb 13. The fifth International Mining, Exploration, Mineral Processing Technology, Metals and Machinery Exhibition at the Salt Lake Stadium would end Feb 16, a release from the organisers, Metallurgical Institute of India […]