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Core sector grows marginally; What are the implications?

India Infoline News Service | Mumbai | March 31, 2015 22:26 IST

These numbers are reflective of stagnation in the infra space. Quite clearly there has been limited traction here, says CARE.

Reliance signs production sharing contracts for two (2) offshore blocks in Myanmar

India Infoline News Service | Mumbai | March 31, 2015 19:03 IST

RIL won both the offshore blocks after its bids in Myanmar Offshore Block Bidding Round 2013 were declared successful by The Ministry of Energy (MOE) of the Republic of the Union of Myanmar.

Slow down! Eight Core Industries growth at 1.4%

India Infoline News Service | Mumbai | March 31, 2015 18:12 IST

The combined Index of Eight Core Industries stands at 161.5 in February, 2015, which was 1.4 % higher compared to the index of February, 2014.

Rupee ends at 62.49/$

India Infoline News Service | Mumbai | March 31, 2015 18:03 IST

The rupee ended higher by 18 paise to 62.49 as against 62.67/$ On Monday, thereby closing the fiscal on a positive note. The Indian currency had ended the last fiscal year at 59.91 against the dollar.

44 stocks hit 52-week low

India Infoline News Service | Mumbai | March 31, 2015 18:00 IST

Bannari Amman Sugars, Corporation Bank, Dwarikesh Sugar, GMDC, Gokaldas Exports, GRP, Jammu & Kashmir Bank, Jindal Worldwide, Kernex Microsystems, Man Industries, Puravankara Projects, Rain Commodities, Shrenuj & Company are some of the prominent companies to hit rock bottom.

BPCL, Idea Cellular among companies that hit 52-week high

India Infoline News Service | Mumbai | March 31, 2015 17:53 IST

The day, however, belonged to the energy stocks which traded on a buoyant note throughout the day. The Sensex opened 94 points higher at 28,070, and touched a high of 28,181 in mid-noon deals. It finally ended on a flat note at 27,957 - down 18 points.

Biocon plans to file for Syngene Intl IPO: Reports

India Infoline News Service | Mumbai | March 31, 2015 17:53 IST

A report said that IPO may fetch up to Rs 10 bn ($159.8 million).

Micromax launches affordable 3G smart phones

India Infoline News Service | Mumbai | March 31, 2015 17:46 IST

Vineet Taneja, Chief Executive Officer, Micromax said, India today has only 70mn 3G subscribers, which is a mere 10% of the overall subscribers. With todays launch we are reinforcing our commitment to democratize technology, making 3G available at affordable price points and urging more users to join the mobile broadband journey.

Parrikar meets Japanese Foreign Minister

India Infoline News Service | Mumbai | March 31, 2015 17:40 IST

Foreign Minister Kishida emphasized commonality of strategic interests between Japan and India and conveyed Japans desire to enhance bilateral defence and security cooperation including in the field of maritime security.

Moody's: Easing of mortgage terms and housing taxes credit positive for Chinese property developers

India Infoline News Service | Mumbai | March 31, 2015 17:35 IST

"These changes will make it easier for home buyers to obtain mortgages and lowers the cost of property transactions for borrowers who meet certain criteria," says Franco Leung, a Moody's Vice President -- Senior Analyst.

Indias External Debt stood at US$ 461.9bn

India Infoline News Service | Mumbai | March 31, 2015 17:31 IST

Indias external debt to GDP ratio stood at 23.2 per cent at end-December 2014 vis--vis 23.7 per cent at end-March 2014.

Exfinity Technology Fund announces investment in LensBricks

India Infoline News Service | Mumbai | March 31, 2015 17:25 IST

Commenting on the investment, Balakrishnan V, Chairman, Exfinity Ventures, stated The goal of Exfinity Fund is to back strong promoters having ideas in deep technology space. We have always been quick to identify and collaborate with promoters to further ideas underpinning the latest technology. The recent investment in seed funding LensBricks, follows the same pattern.

WhiteCross Clinic raises angel funding from Angels Kumar Srivatsan and Kavitha Ravi

India Infoline News Service | Mumbai | March 31, 2015 17:23 IST

WhiteCross Clinic was started in April 2011 by Dr Ramesh Karmegam with the objective of delivering Excellence in primary care.

Former SAP India MD Anirban Dey joins Infosys subsidiary EdgeVerve: Reports

India Infoline News Service | Mumbai | March 31, 2015 17:13 IST

Report said that Dey announced his appointment at Bengaluru-based Infosys on Twitter.

ICICI Bank inaugurates its 4000th bank branch

India Infoline News Service | Mumbai | March 31, 2015 17:06 IST

The Banks branch footprint covers 2300 locations across the country from Sopore in Jammu & Kashmir to Nagercoil in Tamil Nadu to Naliya in Gujarat and Mokokchung in Nagaland.

eClerx to acquire Italian Co CLX Europe for 25 mn Euros

India Infoline News Service | Mumbai | March 31, 2015 16:54 IST

Completion of the transaction is expected in the next fifteen days and is subject to applicable regulatory approvals and customary closing conditions.

HCC stock ends 5% up

India Infoline News Service | Mumbai | March 31, 2015 16:47 IST

The company has bagged Rs. 217.18 crore arbitration award.

NABARDs milestones in rural credit 2014-15

India Infoline News Service | Mumbai | March 31, 2015 16:39 IST

NABARDs refinance disbursements reached Rs. 1,21,424 crore, marking a healthy 19.57% growth in its refinance business during 2014-15. Equally importantly, over 70% of this refinance went to Cooperatives and RRBs, the lifeline for rural financial eco-system.

Bajaj Hindustan Sugar gung ho after share allotment to lenders

India Infoline News Service | Mumbai | March 31, 2015 16:36 IST

The company allotted 17 crore shares at Rs. 20.77 per share on conversion of Funded Interest Term Loan (FITL) to JLF Lenders.

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