The BSE Mid-cap Index is trading up 1.90% at 9,797, whereas BSE Small-cap Index is trading up 1.81% at 9,857.
At 9:18 AM, the S&P BSE Sensex is trading at 23,295 up 308 points, while NSE Nifty is trading at 7,072 up 101 points.
The BSE Mid-cap Index is trading up 1.90% at 9,797, whereas BSE Small-cap Index is trading up 1.81% at 9,857.
Global cues are supporting the cause with Asian markets mostly higher except for China which has lost weight as its market resumed after the week-long Lunar New Year holiday. There is no basis for sustained yuan weakness thanks to China’s large current account surplus and China has no intention to boost net
exports through a large devaluation of yuan, Zhou Xiaochuan, the People’s Bank of China‘s long-time Governor told Chinese financial magazine Caixi.
Meanwhile, Foreign funds have offloaded shares worth around Rs. 3000 crore last week and even in the debt market they were net sellers. Results on tap are Opto Circuits (India), Valecha Engineering, Advanced Micronic Devices, Alang Industrial Gases, Aarey Drugs & Pharmaceuticals.
Mic Electronics and RKB Agro Industries will consider allotment of convertible equity shares today while DCB Bank and Kesoram Industries will consider raising of funds.
The rupee could see some weakness but will attempt a recovery. RBI governor was quoted as saying that there is a case for some rupee fall till inflation eases.
The country’s top 10 most valued companies as it shaved off over Rs 1.83 lakh crore from their combined market valuation, says a report.
Finance minister Arun Jaitley reportedly said he will shortly announce a "series of banking reforms" without elaborating. Public sector banks have been declaring poor results as the central bank has been pressurizing them to clean up their books by setting aside money against bad loans.
Kumar Mangalam Birla and Anand Mahindra spoke about need to bring in new technology and digitization to the manufacturing sector
Radha Mohan Singh said that the country’s farmers can be benefitted only when the new agricultural technologies are utilized by them at the field level. Our Prime Minister clearly told that the country’s development is not possible until our village and farmers are not developed, he added.
Westlife Development Ltd. plans to more than double McDoland's outlets from 223 across 29 cities to nearly 500 over the next few years, reports a business daily.
The Maharashtra government and Japan have finalised an agreement whereby Japan will fund 80% of the INR 17,750 crore trans-harbour project connecting Mumbai and Navi Mumbai, reports a business daily.
Tata Steel India Managing Director TV Narendran stated that the first phase of Kalinganagar plant in Odisha is scheduled to start commercial production at the beginning of next financial year, says report.
AirAsia India CEO Mittu Chandilya is not quitting the airline, AirAsia Group chief Tony Fernandes reportedly said today as he announced that the 2-year old Indian carrier would “shortly” add two aircraft as part of its fleet expansion plans.
The Maharashtra government and Japan have finalised an agreement whereby Japan will fund 80% of the INR 17,750 crore trans-harbour project connecting Mumbai and Navi Mumbai, reports a business daily.
Chief Minister Devendra Fadnavis and Japan International Cooperation Agency (JICA) agreed at the Make-In-India event on Saturday that the project will add two rescue lanes and convert 4 km stretch of the project into steel-only structure instead of earlier plan of cement and concrete bridge, according to the financial newspaper.
The telecom ministry has proposed a 10-year tax holiday for mega projects in the sector as part of its recommendations for the upcoming Union Budget that are aimed at attracting fresh investments for the Make in India programme.
The BSE Mid-cap Index is trading up 1.90% at 9,797, whereas BSE Small-cap Index is trading up 1.81% at 9,857.
Global cues are supporting the cause with Asian markets mostly higher except for China which has lost weight as its market resumed after the week-long Lunar New Year holiday. There is no basis for sustained yuan weakness thanks to China’s large current account surplus and China has no intention to boost net
exports through a large devaluation of yuan, Zhou Xiaochuan, the People’s Bank of China‘s long-time Governor told Chinese financial magazine Caixi.
Meanwhile, Foreign funds have offloaded shares worth around Rs. 3000 crore last week and even in the debt market they were net sellers. Results on tap are Opto Circuits (India), Valecha Engineering, Advanced Micronic Devices, Alang Industrial Gases, Aarey Drugs & Pharmaceuticals.
Mic Electronics and RKB Agro Industries will consider allotment of convertible equity shares today while DCB Bank and Kesoram Industries will consider raising of funds.
The rupee could see some weakness but will attempt a recovery. RBI governor was quoted as saying that there is a case for some rupee fall till inflation eases.
The country’s top 10 most valued companies as it shaved off over Rs 1.83 lakh crore from their combined market valuation, says a report.
Finance minister Arun Jaitley reportedly said he will shortly announce a "series of banking reforms" without elaborating. Public sector banks have been declaring poor results as the central bank has been pressurizing them to clean up their books by setting aside money against bad loans.
Kumar Mangalam Birla and Anand Mahindra spoke about need to bring in new technology and digitization to the manufacturing sector
Radha Mohan Singh said that the country’s farmers can be benefitted only when the new agricultural technologies are utilized by them at the field level. Our Prime Minister clearly told that the country’s development is not possible until our village and farmers are not developed, he added.
Westlife Development Ltd. plans to more than double McDoland's outlets from 223 across 29 cities to nearly 500 over the next few years, reports a business daily.
The Maharashtra government and Japan have finalised an agreement whereby Japan will fund 80% of the INR 17,750 crore trans-harbour project connecting Mumbai and Navi Mumbai, reports a business daily.
Tata Steel India Managing Director TV Narendran stated that the first phase of Kalinganagar plant in Odisha is scheduled to start commercial production at the beginning of next financial year, says report.
AirAsia India CEO Mittu Chandilya is not quitting the airline, AirAsia Group chief Tony Fernandes reportedly said today as he announced that the 2-year old Indian carrier would “shortly” add two aircraft as part of its fleet expansion plans.
The Maharashtra government and Japan have finalised an agreement whereby Japan will fund 80% of the INR 17,750 crore trans-harbour project connecting Mumbai and Navi Mumbai, reports a business daily.
Chief Minister Devendra Fadnavis and Japan International Cooperation Agency (JICA) agreed at the Make-In-India event on Saturday that the project will add two rescue lanes and convert 4 km stretch of the project into steel-only structure instead of earlier plan of cement and concrete bridge, according to the financial newspaper.
The telecom ministry has proposed a 10-year tax holiday for mega projects in the sector as part of its recommendations for the upcoming Union Budget that are aimed at attracting fresh investments for the Make in India programme.
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