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Paytm Payments Bank books Rs 30-cr loss ...

Paytm Payments Bank books Rs 30-cr loss in 7 months.

Paytm Payments Bank incurred losses of Rs 30.7 crore between August 2016 and March 2017 of FY17, the firm has said in its filing to Registrar of Companies (RoC). The company, however, is not considering this as losses but as operational costs, as it happened before the payments bank started... read more »

Market Live: Sensex gains over 150 pts, ...

Market Live: Sensex gains over 150 pts, Nifty firmly above 9900 ahead of RB...

12:40 pm Gold update: Gold prices were higher by Rs 61 to Rs 29,416 per 10 gram in futures trade as speculators widened their bets taking positive cues from the global market. At Multi Commodity Exchange, gold for delivery in October was up by Rs 61 or 0.21 percent to Rs 29,416 per 10 gram in... read more »

Ola raises $2 billion from Softbank, Ten...

Ola raises $2 billion from Softbank, Tencent, other investors.

Chinese internet giant has concluded a USD 2 billion fund raising from Tencent, Japan’s SoftBank and other US-based investors, according to multiple news reports. Tencent has concluded a $400 million investment in the Indian cab aggregator, according to a report in The Economic Times. The... read more »

RCom-Aircel Merger Called Off Due to ...

RCom-Aircel Merger Called Off Due to ‘Regulatory’ Hurdles.

Reliance Communications, which is reeling under a debt of about Rs 46,000 crore, Sunday called off merger talks with Aircel, citing “legal and regulatory” delays and outlined an alternative plan for debt reduction by selling real estate as well as tower and fibre business. “Merger... read more »

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Economy

Sensex gains 276 points during pre-noon session

Sensex gains 276 points during pre-noon session

Mumbai – A benchmark index of Indian equities markets surged 276.12 points or 1.37 percent up in the pre-noon session Monday. The rally was led by banking index (bankex), capital goods, public... read more »

CCI rules out cartelisation among steel producers

India may have to start importing iron ore soon: S...

The Steel Ministry is of the view that India will have to import iron ore in the immediate future to meet significantly increasing demand from... read more »

Rupee fall pushes Tata group out of $100-billion club

UK's Tesco eyes 50:50 supermarket JV with Tata

Salt-to-software conglomerate Tata group’s combined turnover has slipped below $100-billion mark due to a fall in rupee, despite an over ten per cent growth... read more »

Manufacturing share in India’s GDP at lowest in 1...

Manufacturing share in India's GDP

Mumbai – Share of manufacturing in India’s gross domestic product (GDP) has declined to 15.1 percent this year, the lowest level in the past 10... read more »

As China flattens out, IHG to focus on India market

As China flattens out, IHG to focus on India market

By Jaideep Sarin Kochi – International hotel chain InterContinental Hotels Group (IHG) will focus on India ! in the next decade with a target of 150... read more »

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Investing

Gold falls 0.3% on weak global cues

Gold futures fell 0.35% to Rs 28,269 per 10 grams today as speculators locked-in gains amid a weak global trend. At the Multi Commodity Exchange, gold for delivery in October fell by Rs 84, or 0.35%,... read more »

Gold, silver prices rise on brisk buying, global cues

Gold, silver extend gains on sustained buying

Gold prices rose further by Rs 75 to Rs 28,200 per 10 grams on Thursday, extending Wednesday’s gains in New Delhi on increased buying by jewellers... read more »

Gold, silver rise on global cues

NEW DELHI: Gold prices rose by Rs 65 to Rs 28,125 per ten gram in the national capital on Wednesday on fresh buying by jewellers and retailers, tracking a firm... read more »

Jewellers want minify in import duty on gold

The gem and jewellery industry feels the Union budget 2014-15 should address the problem of availability of gold for the sector by tackling the twin hurdles of... read more »

Gold Futures down by 0.15 % on weak Global Cues

Gold And Silver : 2014

Gold prices eased by 0.15 per cent to Rs. 27,803 per 10 grams in Wednesday’s futures trade as participants offloaded positions on weak cues from global... read more »

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Gold & Metals

No plans to roll back gold import curbs: FM P. Chidambaram

No plans to roll back gold import curbs: FM P. Chidambaram

Mumabi – India is not planning any changes to its record import duty on gold and other restrictions on imports until the current account deficit is firmly under control, Finance Minister P.... read more »

Gold Market Update : Gold Hit High Of $1262

Gold Market Update : Gold Hit High Of $1262

Gold hit a high of $1262 overnight, touching the upper boundary of the down trend channel on the daily chart and finding resistance there as would be... read more »

Gold prices rebounded by Rs. 210 to Rs. 30,180 per 10 g...

Gold prices rebounded by Rs. 210 to Rs. 30,180 per 10 grams

New Delhi – Gold prices rebounded by Rs. 210 to Rs. 30,180 per 10 grams in the national capital on Saturday following revival of buying by stockists for... read more »

Gold steady after two-day fall, economic optimism weigh...

Gold steady after two-day fall, economic optimism weighs

Singapore – Gold was little changed on Thursday after a two-day decline but a rally in stocks and increasing optimism over global economic growth weighed... read more »

China grants GOLD import licenses to foreign banks for ...

Gold, silver prices rise on brisk buying, global cues

Singapore / Shanghai –  China has granted licenses to import gold to two foreign banks for the first time, sources said, as moves to open the... read more »

More from Business

Lloyds, two others dismissed from yen Libor litigation in U.S

NEW YORK (Reuters) – A U.S. judge on Friday dismissed Lloyds Banking Group Plc , ICAP Europe Ltd and Tullett Prebon Plc as defendants from litigation alleging a conspiracy among many... read more »

Crunch week as Fed meets on rates, Trump team joins G20

LONDON (Reuters) – After a year that tipped conventional wisdom on its head, the coming week might suggest a return to some sort of normality for the global economy — or instead... read more »

Some bank bulls grow wary on policy uncertainty

(Reuters) – Bank shares have been the runaway winners of the post-election U.S. stock market boom as investors wagered that higher interest rates, lighter regulation, lower taxes and... read more »

State-owned carrier Air India understated losses – CAG

NEW DELHI (Reuters) – India’s state-owned airline Air India understated its operating losses by nearly $1 billion over three fiscal years to March 2015, the federal auditor said... read more »

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... read more »

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