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Crude oil futures plunge Rs 68 on weak A...

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 for delivery in October month contracts dropped Rs 68 or 2.22 per cent to Rs 2,990 per barrel in 187 lots.... read more »

Idea gets shareholders nod to raise up t...

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 held its 20th Annual General Meeting (AGM) on Monday, said all the items of business contained in the... read more »

Uber a good brand, but its products not ...

Uber a good brand, but its products not tuned to Indian customers’ ne...

While Uber is a good brand with good products, competitor Ola’s Co-Founder and CEO Bhavish Aggarwal feels it trails in India because its products are not tuned to the needs of the Indian consumer. “Ola has a huge market leadership, which we are increasing as we go along because we are... read more »

Antrix told to pay Devas $672 million

Antrix told to pay Devas $672 million

The International Court of Arbitration upheld the Deutsche Telekom-funded Devas’s argument that the cancellation of the deal six years after an agreement in this regard was arbitrary An international tribunal has asked Antrix, a wholly-owned government entity under the Department of Space, to pay... read more »

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Canada's Detour Gold expects lower cash costs in 2014

Canada’s Detour Gold expects lower cash costs in 2014

Canada’s Detour Gold Corp said it expects cash costs to fall to $800-$900 per ounce sold and production to double to 450,000-500,000 ounces this year. Miners, stung by a near 25 percent drop... read more »

Gold steady after two-day fall, economic optimism weighs

Gold import: Government may axe 80:20 scheme

The government is considering doing away with the controversial 80:20 scheme for gold import, in a bid to partially relax the restrictions on import... read more »

Gold rallies to two-month high on safe-haven bids

Singapore – Gold rallied for a third session on Monday to its highest in two months as equities fell on worries that capital outflows from emerging... read more »

Gold Continues to Regain Strength

Gold dropped Rs. 275 to Rs. 29,900 per ten grams

Gold’s ongoing advance has put the squeeze on short sellers, causing a short-covering rally which led to gold’s fourth consecutive week of gains.  The... read more »

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

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... read more »

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Gold & Metals

Gold fell by Rs 200 to Rs 31,425 per ten grams

Gold fell by Rs 200 to Rs 31,425 per ten grams

Gold fell by Rs 200 to Rs 31,425 per ten grams in the national capital on Wednesday on sluggish demand at prevailing higher levels amid a weak global trend. Silver also plunged by Rs 510 to Rs 45,280... read more »

Gold futures ease to Rs 29,130 per 10 gm

Gold prices today soared by Rs. 575 to Rs. 31,625 ...

New Delhi – Snapping its two-day fall, gold prices today soared by Rs. 575 to Rs. 31,625 per ten gram on fresh buying by stockists at current... read more »

Gold prices falling by Rs 50 to Rs 31,050 per ten grams

Gold prices falling by Rs 50 to Rs 31,050 per ten grams

Gold extended losses for the second straight session by falling Rs 50 to Rs 31,050 per ten grams in the national capital on Monday on sustained selling by... read more »

Gold prices plunged by Rs. 500 to Rs. 31,100 per ten gr...

Gold prices plunged by Rs. 500 to Rs. 31,100 per ten grams

Gold plunged Rs. 500 to Rs. 31,100 per ten grams in the national capital on Saturday on profit-selling by stockists at prevailing higher levels and sluggish... read more »

Gold price jumped by Rs 300 to Rs 31,600 per ten grams

Gold futures ease to Rs 29,130 per 10 gm

Gold jumped Rs 300 to Rs 31,600 per ten grams in the national capital on Friday on wedding season buying at existing lower levels. Traders said wedding season... read more »

More from Business

AP targets double digit growth in 2015-16: CM

VIJAYAWADA: Andhra Pradesh chief minister N Chandrababu Naidu on Friday said the state is targeting a double digit growth in Gross State Domestic Product (GSDP) in 2015-16 financial... read more »

To clear Rs 14,000 cr dues to farmers, govt wants mills to export 4 mn t sugar by Sept 201...

New Delhi – Aiming to clear cane arrears worth about Rs 14,000 crore to farmers, the Centre today directed cash-starved mills to compulsorily export 4 million tonnes of sugar in the... read more »

Uber’s China rival Didi Kuaidi may join Ola fundraising

MUMBAI: The Uber vs Ola war is about to get more intense, and maybe even spill beyond the streets of India. Didi Kuaidi, China’s largest taxi-aggregator app, which is backed by... read more »

RBI’s job is to keep inflation low at all times, says Rajan

MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that... read more »

NTPC, 10 others in fray for subsidy on LNG for power plants

NEW DELHI: As many as 11 bidders including NTPC are in the fray on Wednesday for the Rs 298 crore government subsidy on offer for plants receiving inadequate domestic natural gas. The power plants... read more »