NEW DELHI: The S&P BSE Sensex rallied over 200 points in trade on Monday to touch its fresh lifetime high of 25604.33, while Nifty also managed to hit its crucial psychological level of 7600 in trade today.

Benchmark indices hit record all-time high led by gains in capital goods, oil & gas, realty and power sectors as foreign institutional investors continued to pump in dollars on hopes of a reformist budget. The indices are likely to move higher in the trade taking cues from supportive Asian markets as well.

Volvo-Eicher joint venture VE Commercial Vehicle (VECV) is bullish on the Uttar Pradesh truck market.

The company on Friday launched its new Eicher Pro series of light- and medium-duty trucks in the UP market, which had clocked total sales of about 19,300 units in 2013.

Ernst & Young has named Kotak Mahindra Bank Executive Vice-Chairman & Managing Director Uday Kotak its ‘world entrepreneur of the year’ for 2014. For the award, announced in Monaco on Saturday, Kotak was chosen from among 60 finalists from 51 countries, each of whom had been named EY ‘entrepreneur of the year’ in home country.

Despite a significant reduction in the current account deficit, curbs on gold imports are unlikely to be fully removed this Budget. Instead, the finance ministry may lower the import duty on the precious metal by two per cent.

“The current account deficit situation is still being closely monitored. The curb on gold imports was one of the main reasons that the CAD was controlled. Until a more sustainable roadmap is worked out for keeping the deficit in check, gold imports will have to be kept under control,” said a senior government official.

MUMBAI: After raising $500 million (Rs 2,942 crore) through a qualified institutional placement (QIP), Rana Kapoor, MD & CEO, YES Bank, is keeping an eye on acquisition opportunities in the nature of a retail bank, with the right people at the right price.

Mumbai: The 30-share benchmark S&P BSE Sensex and 50-share CNX Nifty rose to all-time highs in intra-day trade and at close for a second day on Friday as energy shares surged on optimism Prime Minister Narendra Modi will take a decision on raising natural gas prices by the end of this month.

The Sensex closed at a fresh high of 25,396.46 points, up 1.51%, or 376.95 points, while the Nifty ended at a fresh high of 7,583.40, up 1.46%, or 109.30 points.

Mumbai: Car makers including Honda Cars India Ltd and Hyundai Motor India Ltd are tweaking the looks and features of existing vehicles in their line-up more frequently to attract young customers put off by ageing models.

In the past six months, Honda has launched the All New City, and Hyundai the new Elantra.

Software exports from Odisha has touched about Rs 2,400 crore in 2013-14, an increase of 23.4 per cent over the previous fiscal, according to the provisional data compiled by Software Technology Parks of India (STPI).

IT units in the state had exported Rs 1,945 crore in 2012-13, including Rs 1,705 crore by the STPI registered units.

The Group of Technology Companies (GTech), the industry body of IT/ITeS Companies in Kerala, has appealed to the state and central governments to devise a long term strategy to ensure benefits of the IT industry are spread to the smaller cities and towns of India.

Prime Minister Narendra Modi is soon going to embark upon a plethora of foreign visits that will keep him busy till the end of this year.

Modi, who was sworn in last month, will begin his foreign trips with Bhutan, which will be later this month.

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