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 wedding season, an industry body said on Thursday. Demand in India rose 39 per cent to 225.1 tonnes in July-Sept – the second highest on... read more »
Flipkart to raise fresh funds at $10 billion valuation
MUMBAI: India’s largest online commerce player Flipkart is in the market to raise anywhere between $500 million and $1 billion in a fresh financing round, valuing the company at an eye-popping $10 billion, people familiar with the matter told TOI. A new investor, along with existing... read more »
Modi’s ‘Make in India’ push to depend on Chinese steel
NEW DELHI: India’s steel consumption is expected to grow at its fastest pace in five years next year on Prime Minister Narendra Modi’s infrastructure push, but a scarcity of raw materials means it will be at the expense of another key goal — curbing imports. In his triumphant election... read more »
Sensex, Nifty slip after hitting all-time highs
MUMBAI: Both the indices — Sensex and Nifty — slipped into negative zone after hitting all-time highs in early trade on fresh selling, mainly in capital goods and refinery stocks, despite buying in FMCG and healthcare counters. The sensex resumed higher at 27,919.45 and firmed up further to an... read more »
