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Some bank bulls grow wary on policy unce...

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 faster economic growth would boost profits for lenders. ... read more »

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State-owned carrier Air India understate...

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 in a report, highlighting the carrier’s financial distress. ... read more »

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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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Economy

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

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

Mumbai – A benchmark index of Indian equities markets ended Monday’s trade 50 points or 0.24 percent down, as inflation data dashed any hopes of the apex bank easing on monetary... 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... 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 »

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 »

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Investing

Gold steady at Rs 27,000 on scattered buying; silver recovers

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 retailers. However, silver recovered by Rs 150 to Rs 36,500 per kg... read more »

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

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... 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 »

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 »

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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

Government slashes natural gas prices by 16% to $4.24 per unit

The government has cut natural gas prices by 16% to $4.24 per unit for the six-month period, beginning October 1. Natural gas prices, according to a formula approved by the government in... read more »

Nippon Life to hike stake in life insurance, mutual fund business: Ambani

MUMBAI: Bullish on growth prospects of his group’s financial services businesses, industrialist Anil Ambani on Wednesday said Japanese major Nippon Life is in an advanced stage of... read more »

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 »