A benchmark index of the Indian equities markets closed Thursday's trade nearly two percent down on reports that the US may reverse its monetary stimulus programme that spooked markets across the world

State-run gas distributors Indraprastha Gas Ltd (IGL) Thursday reported an over 4 percent rise in net profits year-on-year for its fourth quarter ended March 31.

Finance Minister P. Chidambaram on Thursday sought to calm stock markets in India after Federal Reserve Chairman Ben Bernanke suggested bond purchases could be scaled back if the U.S. economy improves.

Ford will close its manufacturing operations in Australia and 1200 workers will lose their jobs in October 2016.

Industries like aviation, aero space, IT and ITES, pharma and integrated educational hubs have been shortlisted by a state-government appointed taskforce, which is cobbling together suggestions for the Goa's Industrial Investment Policy.

The Securities and Exchange Board of India (SEBI) celebrates its silver jubilee Friday amid calls that the capital market regulator needs to follow global standards and improve market intelligence, technology and talent pool to beef up the enforcement processes, protect investors and allow the launch of more investment products.

Recovering from its yesterday's losses, gold price regained Rs 26,000-level by gaining Rs 290 to Rs 26,253 per ten grams in futures trade Thursday as speculators enlarged their exposures, moving in tandem with a positive global trend amid weakness in rupee at home.

A benchmark index of the Indian equities markets was trading 1.76 percent down around 2.30 p.m. trade Thursday, on the back of news emanating from the US that the stimulus programme could come to an end soon and weakness in other Asian bourses.

India's largest lender State Bank of India (SBI) Thursday said its net profit dropped by 18.54 percent to Rs.3,299.22 crore in the quarter ended March 31 owing to lower interest income and higher provisioning.