Money News Headlines

Nifty hovers near record high; blue-chips gain

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Reuters Market Eye - The Nifty gains 0.2 percent, hovering near a record high hit on Thursday and, recovering from mild falls on Wednesday.

10:58am IST

Indian firms tool up for defence orders on Modi's 'buy India' pledge

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NEW DELHI - Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories.

Top News, Business 9:07am IST

Steel shares fall after China PMI hits three-month low

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Reuters Market Eye - Steel companies fall on concerns of weak demand after slower growth in China.

10:31am IST

Asia shares slip as China disappoints, Japan bucks trend

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SYDNEY - Asian shares came under pressure on Thursday as a disappointing survey on Chinese manufacturing stoked concerns about the regional giant and overshadowed better news from Japan.

Business, Japan 8:04am IST

Indraprastha Gas gains on govt notification

Reuters Market Eye - Indraprastha Gas gains 2.2 percent, adding to Wednesday's 1.9 percent gains.

11:24am IST

Rupee falls on Fed's hawkish-sounding minutes

Reuters Market Eye - The rupee is trading at 60.72/73 versus its close of 60.61/62 on Wednesday.

10:10am IST

China economy fears deepen as August HSBC flash PMI at three-month low

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BEIJING - Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday, heightening concerns about increasing softness in the economy.

Business, Economy 11:31am IST

Titan Company gains after Morgan Stanley upgrades

Reuters Market Eye - Titan Company Ltd gains more than 5 percent.

10:27am IST

Zee Entertainment to replace United Spirits in Nifty

Reuters Market Eye - Zee Entertainment Enterprises to replace United Spirits in the Nifty.

9:34am IST

Wed, Aug 20 2014

Govt probing alleged fraud in two state-run bank branches

MUMBAI - India is investigating the alleged misappropriation of more than 4 billion rupees ($66 million) from branches of the state-run Dena Bank Ltd and Oriental Bank of Commerce Ltd in Mumbai, a senior government official said.

20 Aug 2014