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ATF or jet fuel price was today slashed by a steep 11.7 per cent while rates of non-subsidised cooking gas LPG were reduced by Rs 25.5 per cylinder in line with dip in international prices.Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs 5,469.12 per kilolitre (kl), or 11.7 per cent, to Rs 40,938.24 per kl, oil companies announced today.This is one of the steepest reductions, the biggest being ...
One of Australia's oldest coal mines on Tuesday said it was being shut by its Indian owner Jindal Steel and Power as market conditions in the sector continue to deteriorate and financial pressures on producers mount.The closing of the Russell Vale colliery 100 kms (62 miles) south of Sydney comes amid widening losses reported by operator Wollongong Coal Ltd , majority-owned by Jindal.Idling of the ...
Gold edged higher on Tuesday as equities faltered on mounting expectations that the U.S. Federal Reserve will likely go ahead with an interest rate increase this month. Fed Vice Chairman Stanley Fischer said on Saturday that U.S. inflation will likely rebound as pressure from the dollar fades, allowing the U.S. central bank to raise interest rates gradually. Fischer's comment sent Wall Street ...
Gold steadied on Monday, bouncing up from session lows as oil prices rallied and the U.S. dollar fell, after bullion felt earlier pressure on indications the Federal Reserve may still raise interest rates this year, despite recent market turmoil. Spot gold was up 0.04 percent to $1,134 an ounce at 3:20 p.m. EDT (1920 GMT), and was on track to close August up 3.5 percent, the strongest monthly gain ...
By Winni Zhou and Christine Kim BEIJING/SEOUL (Reuters) - China's giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing expectations that policymakers will need to ease policy further. Manufacturers across Asia struggled last month, a series of surveys showed, denting hopes of a pick-up in ...
SHANGHAI, Sept 1 (Reuters) - Chinese stocks got September off to a rocky ride on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. At the end of the session, the markets had managed a recovery of sorts, as rebounds in blue-chips partly offset slides in small-caps. The ...
New Delhi: With global crude oil in free fall, Indian Oil Corp on Monday cut the prices of petrol by Rs.2 a litre and of diesel by 50 paise, both prices inclusive of levies in Delhi, with corresponding decrease in other states, effective from midnight.Petrol and diesel, prices of which were last reduced on August 15, will from Tuesday cost Rs.61.20 a litre and Rs.44.45 respectively in Delhi, IOC s ...
By John McCrank and Olivia Oran NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. A lack of investment in equities and a traditional focus on bond trading kept the No. 3 U.S. bank by assets ...

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 ...
Sept 1 (Reuters) - Most Southeast Asian stock markets slipped on Tuesday, led by Indonesia after surveys showed China's manufacturing sector was in the grip of its worst slump in several years, raising fresh fears about the health of the country's economy. Speculation over a possible rate hike by the U.S. Federal Reserve also weighed on sentiment after comments by Fed Vice Chairman Stanley Fischer ...
SHANGHAI, Sept 1 (Reuters) - Chinese stocks got September off to a rocky ride on Tuesday, with main indexes tumbling 5 percent at one point as weak manufacturing data laid bare the daunting challenge faced by Beijing as it races to revive a stumbling economy. At the end of the session, the markets had managed a recovery of sorts, as rebounds in blue-chips partly offset slides in small-caps. The ...
By Winni Zhou and Christine Kim BEIJING/SEOUL (Reuters) - China's giant manufacturing sector contracted and exports from South Korea tumbled by the most in six years in August, rattling Asian markets on Tuesday and reinforcing expectations that policymakers will need to ease policy further. Manufacturers across Asia struggled last month, a series of surveys showed, denting hopes of a pick-up in ...
SHANGHAI (Reuters) - China's central bank plans to tighten rules on trading of currency forwards from October, sources with direct knowledge of the matter told Reuters, in a move to curb speculation and volatility after a shock devaluation of the currency last month. The People's Bank of China (PBOC) has repeatedly intervened to stabilise the yuan since the Aug. 11 devaluation - billed as free-market ...
Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros ($1.90 billion). ...
By Nadia Saleem and Bozorgmehr Sharafedin DUBAI (Reuters) - The joy of riding big Japanese and American motorbikes was just one of the pleasures taken away from Iranians after the country's Islamic revolution. But three decades on, to the delight of enthusiasts, there are signs of restrictions being eased. This month a dozen bikers on pre-revolutionary and newer models were allowed a strictly ...
  Cities   Price (10g)
  Chennai   Rs. 24470.00 (1.37%)
  Mumbai   Rs. 24900.00 (0.97%)
  Delhi   Rs. 24200.00 (1.26%)
  Kolkata   Rs. 24160.00 (0%)
  Kerala   Rs. 24000.00 (0.63%)
  Bangalore   Rs. 23800.00 (0%)
  Hyderabad   Rs. 24140.00 (1.17%)

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