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Cognizant to hire more in US, optimise w...

Cognizant to hire more in US, optimise workforce

Chennai: US-headquartered Cognizant Technology Solutions (CTS), which has over a third of its workforce in India, has said it will rationalise its cost structure by bringing the employee base in line with demand. The company intends to ramp up hiring in the US while reducing dependence on the H-1B... read more »

View: Indian diplomacy rises above the s...

View: Indian diplomacy rises above the stratosphere

With imaginative use of India’s low-cost space capability, Prime Minister Narendra Mod has improved India’s none-too-smooth relations in the South Asian neighbourhood, with the Indian Space Research Organisation delivering on the prime minister’s promise of a South Asia Satellite (SAS),... read more »

NPA framework: Ordinance to empower RBI ...

NPA framework: Ordinance to empower RBI actually gives more teeth to govt

The Presidential Ordinanceempowering the Reserve Bank of India (RBI) to enforce expeditious resolution of non-performing assets (NPAs) of banks should hardly come as a surprise. For several past weeks, Finance Minister Arun Jaitley has been hinting at this legal empowerment of the central bank to... read more »

President Pranab Mukherjee signs ordinan...

President Pranab Mukherjee signs ordinance empowering RBI to act directly a...

President Pranab Mukherjee has approved an ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India to act directly against top loan defaulters. With the promulgation of the Banking Regulation (Amendment) Ordinance by the President, which empowers the Reserve Bank of... read more »

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Economy

Chidambaram calls for high level of probity in capital market

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 level of retail participations, which... 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,... read more »

Sensex closes 245 points down; automobile stocks plunge

Sensex closes 245 points down; automobile stocks plunge

Mumbai – A key index of the Indian equities markets Thursday closed 245.80 points or 1.16 percent down, its third consecutive fall this week, as bearish... read more »

Govt of the day pays the price for high inflation: Chid...

Govt of the day pays the price for high inflation: Chidambaram

New Delhi – Apparently admitting that price rise was one of the reasons for Congress defeat in recent elections, Finance Minister P Chidambaram... read more »

Bharti Airtel, Reliance Jio to share infrastructure

Bharti Airtel, Reliance Jio to share infrastructure

New Delhi – Telecom service providers Bharti Airtel and Reliance Jio Infocomm have concluded a comprehensive telecom infrastructure-sharing arrangement... read more »

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Investing

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 from jewelers at prevailing levels even... 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... read more »

With gold prices falling, jewellers increase inventory ...

Trying to tap the falling gold prices, lakhs of jewellers across the country are increasing their inventory levels. Around 225 tonne of gold was imported in... read more »

Appetite for jewellery boosts India gold demand: WGC

Indian appetite for gold jumped by more than a third in the last quarter, in sharp contrast to the rest of the world, boosted by jewellery demand for the... read more »

Gold, silver at multi-year lows on overseas cues

NEW DELHI: Gold and silver prices slumped to their multi-year lows to trade at Rs 25,800 per 10 grams and Rs 34,900 per kg, respectively in the national... read more »

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Gold & Metals

Gold price to remain range-bound

Gold price retreated on Saturday after scaling a monthly high of Rs.28,585 per 10 gram in Mumbai on Friday. The yellow metal reacted on unwinding by stockists by Rs.190 to close the week at... read more »

Gold, silver prices rise on brisk buying, global cues

Gold climbs Rs. 300 on seasonal buying, firming gl...

Continuing its rising streak, gold prices flared up by Rs. 300 to Rs. 28,800 per ten gram in the national capital on Thursday on sustained buying by... read more »

Gold gains Rs. 110 on festive season demand, global cue...

Gold prices jumped by Rs. 110 to Rs. 28,500 per 10 grams in the national capital on Wednesday on festive season demand and positive global cues. Besides,... read more »

Gold prices recover marginally; silver remains higher

NEW DELHI: Gold prices witnessed a modest rebound of Rs 45 to Rs 28,245 after declining for two days at the bullion market here on Thursday following... read more »

Gold, silver extend losses on global cues, sluggish dem...

Gold remained under pressure for the second straight day and declined by Rs 100 to Rs 28,100 per 10 grams in the national capital on Friday on weak cues from... read more »

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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... read more »

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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 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... read more »

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... read more »

Idea gets shareholders nod to raise up to Rs 10,000 crore

Idea Cellular said its shareholders have approved to raise up to Rs 10,000 crore through issue of non-convertible securities on private placement basis in one or more tranches The company, which... read more »