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Showing posts from May, 2015

Business News This Week: Report on Weekly Stock Market

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Business News The week :The week was full of volatile for the Indian stock markets, but at the end the govt's move on MAT helped indices to end in positive note. Foreign Portfolio Investor (FPIs) worries abated after the government set up a high-level committee to look into the Minimum Alternative Tax (MAT) issue that triggered positive sentiments in Indian stock markets.  The BSE 30-Share indicator – BSE Sensex resumed firm a hovered in a wide range of 27,603.71 points and 26,423.99 points before recovering to end with a small weekly rise of 94.08 points or 0.35 per cent, to end at 27,105.39 points. In the last three weeks, it crashed 1,868.07 points or 6.47 per cent. The 50-share CNX Nifty opened higher at 8,230.05 points and moved in a breath of 8,355.65 points and 7, 99.15 before closing at 8,191.50 points, a modest gain of 10 points, or 0.21 per cent. Last Week : BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bomba

Godrej Commits to Shaping the Future through Incessant Innovation

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Mumbai, 7 May, 2015: Godrej Group, shaping the future since 1897, today reiterated the commitment to making an impact on people, country and planet on the occasion of its 118th birth anniversary. Since 7th May 1897, Godrej has been instrumental in making lives brighter through a series of inventions that have combined pioneering science and engineering with a larger social purpose. Today 600 million Indians use some Godrej product. What started with just locks is today one of India’s most trusted and loved brands spanning Animal feeds to Aerospace. In 2015, Godrej is harnessing newer technologies and a world class design led approach to create matchless experiences for the discerning new age customers. On this occasion, Adi Godrej, Chairman, Godrej Group said, “Godrej has had a tremendous journey since 1897. Our founder, Mr. Ardeshir Godrej, started the Group making locks. However, his primary intent, in the words of our current Prime Minister, was ‘Make in India’. Since then there

Panasonic launches ELUGA L 4G @ Rs.12,990

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Matching its speed with the fast paced technological innovations and advancements in the mobility segment, Panasonic has introduced a new feather to its smartphone series “ELUGA” in the Indian market. Equipped with top of the line hardware, the ELUGA smartphone series is known for its design, superior build quality & unique user interface for single hand operation. India is a market where next-generation technology in the form of LTE (Long-Term Evolution) will soon change the complete mobility landscape. In line with this, the latest incarnation from Panasonic has been introduced keeping in mind the concept of #TAGLIFE which resonates with the sentiment of the youth and calls out for a powerful message that echoes and communicates their personality, thus enabling a change in the Smartphone landscape. MAKE A STATEMENT- Unibody, Light Weight and Glossy Keeping in mind the form and functionality, the ELUGA L has been designed which features a 6.1mm sleek, light-weighted and a lustr

This Week BSE Sensex falls 1.55%; Nifty loses 1.49%

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This week the market would be in more volatile and bearish keeping the view of business done in the last week. In the week ended on May2, 2015, the stock markets in India disappointed investors and the major concern was the government move on retrospective taxation on capital gain by foreign funds. Overall in the BSE Sensex lost 1.55 percent and Nifty shed 1.49 percent. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened slightly higher for the week at 27,565.49 points against previous close at 27,437.49 points. But it ended 426.63 points lower at 27,011.31 points with loss of 1.55 per cent. In the mid-week on Thursday, the Sensex dived to three months low at 26,908.82 points. In the beginning of the week on Monday, the index lost 0.95 per cent or 260.95 points. The market was bearish throughout the week. On Wednesday and Thursday, the BSE Sensex fell 0.62 per cent and 0.79 per cent respectively. At the National Stock Exchange (NSE), the broader 50-scrip