Mumbai, Oct 23 : The Bombay Stock Exchange (BSE) fell to its lowest since June 2006 on Thursday as a global rout of equities raised worries of further foreign investor selling, before some bargain hunting helped the market regain some composure.
Leading private sector firm the Reliance Industries, which reports quarterly results after market hours, was down 3.9 percent at 1,264.70, having earlier fallen as much as 6.4 percent to its lowest since Dec. 2006.
The company is forecast to report a modest 2.2 percent rise in net profit on slimmer refining margins.
Mumbai-headquartered Tara Ultimo, a company manufacturing and retailing jewellery, plans to come up with 50 outlets across India in the next two years.
Mumbai, Oct 22 : Maharashtra Navnirman Sena (MNS) chief Raj Thackeray has been granted bail till October 24 after a Kalyan court sent him to 14-day judicial custody till November 5 in connection with a case of attack against North Indians.
Meanwhile, the Railway Police is also seeking custody of Raj Thackeray in a case related to destruction of property and have reached the Kalyan court with a warrant in Raj’s name.
Mumbai, Oct 22 : Maharashtra Navnirman Sena (MNS) chief Raj Thackeray has been sent to 14-day judicial custody till November 5 by a Kalyan court in connection with a case of attack against North Indians.
Raj’s lawyer said that they would apply for bail for the MNS chief. Meanwhile, the Railway Police have also reached the Kalyan court with a warrant in Raj’s name.
New Delhi - A stockbroker in India's financial capital of Mumbai killed his pregnant wife before committing suicide due to the financial downturn, media reports said Wednesday.
Parag Tanna and his wife Neha were found dead by relatives in the city's Kandivali area Tuesday night, police told CNN-IBN network.
Police suspect that Tanna, who strangled his wife, had huge investments in the stock exchange and that his recent losses drove him to commit suicide.