Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gains
Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold fell 2.3% in a matter of minutes early Monday, after China’s central bank reported on Friday its gold... read more »
With new brand launched, Xolo mulls to invest Rs 100 cr in next 18 months
Xolo, the sub-brand of the Lava International, is mulling to invest Rs 100 cr over next 18 months on development of its proprietary software, Hive, which is built on Google’s Android OS. The smartphone major has said they have invested Rs 100 so far and will invest the same in near future. Xolo... read more »
Lava in talks with states for mfg unit; to invest Rs 250 cr
Domestic handset maker Lava today said it is in discussions with various state governments to set up a new assembly unit that will entail an investment of about Rs 250 crore. Lava has one assembly unit in Noida that has a monthly capacity of making about half a million handsets. “We are in talks... read more »
Doha Bank looking at setting up subsidiary in India
Doha Bank, one of the largest commercial banks of Qatar, is looking at the possibility of setting up a subsidiary in India, an top official of the bank today said. “Our long-term view is to set up a full scale subsidiary for our Indian operations which is needed to enter more cities”, Doha Bank... read more »
