Money News Headlines

Nifty marks record closing high


MUMBAI - The Nifty marked its record closing high on Wednesday, led by gains in technology stocks on continued foreign-investor buying, while firm cues from Asian markets also aided sentiment.

3:47pm IST

Jet Airways chairman says looking to restructure debts, talking to bankers


NEW DELHI - Jet Airways Ltd said the country's No. 2 airline by market share will look at selling planes and restructuring its debts as it tries to find ways to end the losses that have plagued it for years.

Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec


NEW DELHI - The India unit of Honda Motor Co Ltd will account for 25 percent of the Japanese carmaker's Asia Pacific sales target of 1.2 million units by March 2017, Managing Officer Yoshiyuki Matsumoto said on Wednesday.

Business, Japan 12:31pm IST

NMDC plans to boost iron ore output by two-thirds


MUMBAI - NMDC Ltd, India's biggest iron ore producer, aims to ramp up output by two-thirds in five years to 50 million tonnes a year, helped by the launch of new mining facilities and expansion of existing infrastructure, its chairman said.

1:31pm IST

India's Jan-June Iran oil imports climb by a third - trade


NEW DELHI - India's crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran's nuclear activity and ease Western sanctions.

3:04pm IST

Rupee rises; importer dollar demand limits further gains


The rupee is trading at 60.14/15, after hitting 60.1050, its highest since July 17 and versus the previous close of 60.24/25.

2:34pm IST

RBI cancels non-bank fin registration certificate of Deutsche Securities


MUMBAI - The Reserve Bank of India said on Wednesday that it cancelled the non-banking finance registration certificate of Deutsche Securities India.

4:05pm IST

Analysis - Watch what markets don't do as world politics turns nasty


LONDON - Like so much in the investment world of late, it's what financial markets are not doing right now that is most intriguing.

Business, Economy 11:36am IST

European shares edge up on earnings, risk aversion remains


LONDON - European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of economic recovery.

4:17pm IST

Gold steadies as buoyant equities balance Ukraine tensions


LONDON - Gold steadied on Wednesday after the previous day's drop, supported by simmering conflict in Ukraine and the Middle East, but under pressure from buoyancy in stock markets after positive U.S. data and corporate earnings.

4:11pm IST