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News paper headlines dominated the state of Odisha this week. There were many major stories happened that made us to have a special post on our business news this week portal. Sarathi Baba Controversy: Self-styled Godman was arrested that was the biggest breaking news story hit the all the media section. People were in puzzle to see their God in different form on Social Media sites. In the digital age of communication, no actions go unnoticed. Same thing happened in this case. His son was arrested from Mumbai, who has been absconding from the day one. Odisha police tracked mobile and ATM card details to reach him.  Sorcery Case:  In a gruesome incident, two tribal people were lynched in Rayagada suspecting them of practicing sorcery. The incident happened in the district of Rayagada, tribal dominance village areas, in the wee hours. Some people reportedly killed two people and thrown their body into river after packing in bags.  Odisha Assembly: The ongoi...

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...

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 ...