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New Delhi: The Indian economy grew by more than seven percent in 2014-15 from the 4.7 percent increase in the previous fiscal, government data showed on Friday. The gross domestic product (GDP) which is a measure of the total value of goods and services produced in the country broke the sub-five percent growth rate barrier after the last two consecutive years. In 2012-13 the GDP climbed-up by 4.5 ...
New Delhi: Taking a "serious" note of quality issues related to global giant Nestle's famous noodle brand Maggi, the government has asked the Food Safety and Standards Authority of India to look into the matter. Besides, a class action suit can be initiated into the matter if a complaint with National Consumer Disputes Redressal Commission (NCDRC) is filed, Consumer Affairs Minister Ram Vilas Paswan ...
Continuing its sliding trend for the fourth day in a row, gold today fell by another Rs 50 to trade at three-week low of Rs 27,275 per ten grams at the bullion market here owing to slackened demand from jewellers and retailers amid a weak global trend. However, silver recovered by Rs 210 to Rs 38,750 per kg on fresh buying support from industrial units. Traders attributed persistent fall in gold ...
Gold was hovering above a 2-1/2-week low on Friday as the dollar gave back some of its recent gains, but the metal was still headed for a second straight weekly decline on the prospect of higher U.S. interest rates.Spot gold was little changed at $1,188.35 an ounce by 0258 GMT. It fell to a 2-1/2-week low of $1,180.55 on Thursday but recovered slightly as the dollar and stocks weakened. The metal is ...
* FTSEurofirst 300 down 0.9 pct, Greece's ATG down 1.5 pct * Mixed signals from Greek negotiations unnerve investors * Associated British Foods gains on rating hike (Adds detail and fresh quote, updates prices) By Liisa Tuhkanen LONDON, May 29 (Reuters) - European shares fell on Friday, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece's ...
LONDON, May 29 (Reuters) - British workers at Tata Steel UK voted on Friday to go on strike, a trade union said, giving approval for the biggest labour action in the British steel sector in three decades. Members of Tata's biggest union, Community, voted 88 percent in favour of going on strike, a statement said. The unions are locked in a dispute with the company about its proposal to change their ...
Tata Consultancy Services (TCS) has been rated as the best company in India on various financial and operational parameters by Dun & Bradstreet. The list of top 500 firms places Reliance Industries and ITC at the second and the third spots, respectively. Others in the top 10 list are ONGC at the fourth place, followed by Coal India (5th), Infosys (6th), HDFC Bank (7th), HDFC (8th), Hindustan Unilever ...
By Suvashree Choudhury and Manju Dalal MUMBAI/SINGAPORE, May 29 (Reuters) - India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules. A weakening rupee and foreign investors' cooling appetite for Asia's ...

Today's picks

2013-02-19 18:00:00

NIFT Current: 5,898 (futures: 5,906) Target: NA Index remains range-bound between 5,870 and 5,925 with very nominal futures premium. The range today could be 5,850 or 5,950. Stop-loss shorts at 5,925 and stop-loss long positions at 5,975. A long 5,800p (19) and long 6,000c (21) could gain 10-12 if the market swings 50 points in either direction. STATE BANK OF INDIA Current price: Rs 2,263 Target price: ...

Today's picks

2013-02-09 18:00:00

NIFTY Current: 5,939 (futures: 5,964);Target: NAThe downtrend continued. Key support was tested at 5,930. A drop below 5,920 could mean a dip till 5,875. A bounce will hit resistance at 5,975-5,990. Futures premium has increased to 25, which may mean a pullback on short-covering. The bearspread of long 5,900p (48) versus short 5,800p (23) continues to look attractive.TATA STEEL Current price: Rs 390;Target ...
* FTSEurofirst 300 down 0.9 pct, Greece's ATG down 1.5 pct * Mixed signals from Greek negotiations unnerve investors * Associated British Foods gains on rating hike (Adds detail and fresh quote, updates prices) By Liisa Tuhkanen LONDON, May 29 (Reuters) - European shares fell on Friday, setting them on course for a weekly loss, as investors were unnerved by conflicting signals from Greece's ...
REUTERS - U.S. stocks opened marginally lower on Friday after data showed that the economy contracted slightly less than expected in the first quarter. The Dow Jones industrial average fell 13.95 points, or 0.08 percent, to 18,112.17, the S&P 500 lost 0.96 points, or 0.05 percent, to 2,119.83 and the Nasdaq Composite dropped 0.30 points, or 0.01 percent, to 5,097.67. (Reporting by Narottam ...
(Updates with no radiation leak) NEW DELHI, May 29 (Reuters) - A scare at Delhi's Indira Gandhi International Airport over a suspected radioactive leak turned out to be a false alarm on Friday as atomic inspectors gave the all clear. Airport authorities reported earlier that there had been a leak in a consignment of sodium iodide 131 - a radioactive liquid used in so-called nuclear medicine - that ...
LONDON, May 29 (Reuters) - British workers at Tata Steel UK voted on Friday to go on strike, a trade union said, giving approval for the biggest labour action in the British steel sector in three decades. Members of Tata's biggest union, Community, voted 88 percent in favour of going on strike, a statement said. The unions are locked in a dispute with the company about its proposal to change their ...
By Arpan, Varghese, Anupam and Chatterjee REUTERS - Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.S. shale production, a Reuters survey forecast on Friday. Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average $61.60 a barrel in 2015, ...
NEW DELHI (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle maker by sales, reported on Friday its steepest fall in quarterly profit in more than six years, hit by poor sales in rural areas where unseasonal rains have hurt farm incomes. Mahindra's standalone profit for the fourth quarter ended March fell 39 percent to 5.51 billion rupees ($86.4 million) from a year earlier. This is ...
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