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India’s Avenue Supermarts IPO over...

India’s Avenue Supermarts IPO oversubscribed 106 times

MUMBAI (Reuters) – The last day of bidding for an initial public offering (IPO) by India’s Avenue Supermarts Ltd saw investors clamouring for the shares, tempted by the company’s strong credentials and with a continued momentum from recent share offerings. ... read more »

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India’s industrial output up 2.7 p...

India’s industrial output up 2.7 percent in January

NEW DELHI (Reuters) – India’s industrial output rose 2.7 percent in January from a year earlier, government data showed on Friday. ... read more »

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Volkswagen, Tata Motors plan to cooperat...

Volkswagen, Tata Motors plan to cooperate in India

NEW DELHI/FRANKFURT (Reuters) – German carmaker Volkswagen said on Friday it had signed a memorandum of understanding to explore a partnership with Tata Motors to jointly develop auto components and vehicles for the Indian subcontinent and beyond. ... read more »

Crude oil futures plunge Rs 68 on weak A...

Crude oil futures plunge Rs 68 on weak Asian cues

NEW DELHI: Crude oil futures fell sharply by Rs 68 to Rs 2,990 per barrel on Thursday as speculators reduced bets amid a weakening trend in Asian trade. At Multi Commodity Exchange, crude for delivery in October month contracts dropped Rs 68 or 2.22 per cent to Rs 2,990 per barrel in 187 lots.... read more »

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Economy

RBI-reference rate for US dollar, euro

RBI-reference rate for US dollar, euro

 The Reserve Bank of India on Monday fixed the reference rate of rupee against U.S. dollar at 62.1024 and the euro at 85.4284 as against 62.1266 and 85.4135 on last Friday. In a press release issued... read more »

Sensex closes 50 points down; oil and ! gas stocks down

Sensex closes 50 points down; oil and ! gas stocks...

Mumbai – A benchmark index of Indian equities markets ended Monday’s trade 50 points or 0.24 percent down, as inflation data dashed any... read more »

Sensex trades flat during early session

Sensex trades flat during early session

Mumbai – A benchmark index of Indian equities markets was trading flat at 1.10 points or 0.01 percent down in the early morning trade Monday. Selling... read more »

Chidambaram calls for high level of probity in capital ...

Chidambaram calls for high level of probity in capital market

Mumbai – Pitching for high level of probity, Finance Minister P Chidambaram today said Indian capital markets are facing many concerns including low... read more »

Wal-Mart names Krish Iyer as India unit head

Wal-Mart names Krish Iyer as India unit head

New Delhi – US retail major Wal-Mart Stores Friday named Krish Iyer as the president and chief executive officer (CEO) of its India unit, effective Jan... read more »

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Investing

Gold futures rise to Rs. 26,812 per 10 gm

Gold prices rose 0.86 per cent to Rs. 26,812 per 10 grams at the futures trade today as speculators created fresh positions, taking positive cues from the global market. At the Multi Commodity... read more »

Gold steady at Rs 27,000 on scattered buying; silv...

Gold prices on Wednesday held steady at Rs 27,000 per ten gram at the bullion market in the national capital on scattered buying by... read more »

Gold prices fall by 0.21 per cent in futures trade on g...

Gold prices eased by 0.21 per cent to Rs 26,800 per 10 grams in futures trade on Tuesday, tracking a weak global trend, as speculators offloaded their... read more »

Gold Falls by Rs 45 to Rs 27,265 on Sluggish Demand

New Delhi: In a mixed pattern of trading, gold prices declined by Rs 45 to Rs 27,265 per 10 grams at the bullion market on Monday, owing to slackened demand... read more »

Gold, silver prices rise on brisk buying, global cues

NEW DELHI: Any revision in gold import duty is unlikely to take place before the Budget and there is no proposal as of now to reduce the 10 per duty, a finance... read more »

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Gold & Metals

Gold inches up for third day; Fed eyed for rate outlook

SINGAPORE: Gold inched up for a third straight session on Wednesday as speculation mounted that the Federal Reserve would vow to maintain interest rates at low levels when the US central bank... read more »

Gold, silver up on increased buying, firm global c...

Gold prices rose further by Rs. 10 to Rs 27,460 per 10 grams in the national capital on Tuesday, on increased buying by jewellers and retailers for... read more »

Gold price ends at fresh 3-month low of Rs 27,415 per t...

New Delhi: Gold prices fell further by Rs 195 to close at fresh three-month low of Rs 27,415 per ten gram in the national capital Friday on continued selling... read more »

Gold at three-month low on global cues

Extending losses for the eighth straight day, gold prices tumbled to trade at a three-month low of Rs. 27,600 per ten gram by falling Rs. 150 in the national... read more »

Gold dips below Rs 28K level on weak global cues

Continuing its losing streak for the fourth straight day, gold prices dipped below the Rs 28,000-level by falling Rs 70 to hit over two-month low of Rs 27,950... read more »

More from Business

Modi suddenly pressured to act after Raghuram Rajan cuts rates

New Delhi: Now that the Reserve Bank of India (RBI) governor Raghuram Rajan responded to government pressure with India’s biggest rate cut since 2009, it’s Prime Minister Narendra... read more »

China’s Didi Kuaidi Firms Up Anti-Uber Alliance, Invests in Ola

China’s most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging US rival Uber... read more »

Ola Opens Up API for Mobile Apps, Individual Developers

Taxi aggregator Ola Saturday announced the public release of its API, allowing major mobile apps as well as individual developers to integrate the company’s offering with their... read more »

Dr Reddy’s climbs as drug maker launches Nexium’s generic

NEW DELHI: Shares of Dr Reddy’s Laboratories surged over 6 per cent in Monday’s trade after the drugmaker launched a generic version of Nexium following approval from the United... read more »

Gold ETFs witness outflow of Rs 363cr in Apr-Aug FY 2016

NEW DELHI: Investors continue to pull out money from gold exchange-traded funds (ETFs), but the pace of outflow has slowed down in the current fiscal on account of the sluggish equity market trends.... read more »