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Ample monsoon rainfall in June accelerated planting of main crops such as rice and cotton, government data showed on Friday, though the current dry spell could slow down the pace of sowing in coming weeks. Weather officials forecast monsoon rains would remain subdued in large parts of the country in the first half of July. Good rainfall this year is key to boosting a rural economy hit by delayed ...
There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. Although absolute figures are hard to come by, Greek interest has surged in the online "cryptocurrency", which is out of the reach of monetary authorities and can be transferred at the touch of a smartphone screen. New customers ...
Gold prices firmed on Friday, rebounding from a 3-1/2 month low as the dollar softened after weaker than forecast U.S. employment data tempered expectations for a September rate rise by the Federal Reserve.Investors remained cautious ahead of Greece's referendum on an international bailout deal at the weekend, while liquidity should remain thin throughout the day as U.S. markets are closed for Independence ...
Gold prices in major consumer India were quoted at deep discounts to the global benchmark this week on tepid demand and adequate levels of inventory, dealers said.Prices were quoted at a discount of $8 to $15 an ounce over London prices, much wider than the $1 discount in mid-June, they said.Persistent weakness in India, the world's top consumer of gold last year and the No. 2 buyer in the first quarter ...
By Paul Taylor BRUSSELS (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial ...
LONDON (Reuters) - Videocon Industries Ltd plans to invest $2.5 billion in oil and gas ventures in Brazil over the next two to three years, the consumer electronics-to-energy group's chief said, as part of its strategy to boost the business. "Brazil oil finding is four times higher than the largest oil field in India ... It's just (the) beginning," billionaire Venugopal Dhoot told Reuters at the ...
New Delhi: Telecom service providers are all set to roll out pan-India mobile number portability (MNP) from today in line with the government mandate.This will enable customers across the country to retain their mobile phone numbers while relocating between states.Prominent telecom service providers -- Bharti Airtel, Vodafone India, Reliance Communications, Idea Cellular, Tata Docomo, Aircel and MTS ...
The prospect of a Greek crackup isn't so terrifying anymore. In 2012, financial markets were rattled by the possibility that Greeks would elect a left-wing government, default on their debts and drop the euro currency. The fears pushed the Standard & Poor's 500 stock index down nearly 10 percent that spring. Here's how things look now: The left-wing party, Syriza, holds power in Athens. Greece ...

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 ...
* Euro STOXX 50 in biggest weekly drop since Dec * Sunday's Greek referendum a major focus for investors * Banks under the spotlight after more regulatory issues emerge * Europe bourses in 2015: http://link.reuters.com/pap87v * Asset performance in 2015: http://link.reuters.com/gap87v By Alistair Smout and Liisa Tuhkanen LONDON, July 3 (Reuters) - A top euro zone share index ended Friday ...
* Euro STOXX 50 set for biggest weekly drop since Dec * Sunday's Greek referendum on bailout a major focus * Banks under the spotlight after more regulatory issues emerge By Alistair Smout and Liisa Tuhkanen LONDON, July 3 (Reuters) - A top euro zone share index was set for its biggest weekly fall this year on Friday, with many investors focusing on the Greek referendum on bailout terms, which ...
By Paul Taylor BRUSSELS (Reuters) - Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday. The document released in Washington on Thursday said Greece's public finances will not be sustainable without substantial ...
(Adds details) NEW DELHI, July 3 (Reuters) - India took a step toward selling minority stakes in eight state-run companies including Oil India Ltd and power generator NTPC on Friday, part of a drive to sell off $11 billion of government assets this fiscal year. The government said in a statement it had invited legal advisers to submit bids by July 24 to manage the sales. Other assets up for grabs ...
WARSAW, July 3 (Reuters) - Poland is competing with Slovakia to host a new $1.9 billion car plant to be created by an Indian automaker, Polish Deputy Prime Minister Janusz Piechocinski said on Friday. "The investor wants to start production in 2019," Piechocinski said. "This will be 350,000 cars per year, the investment is worth 7 billion zlotys ($1.9 billion)." Piechocinski declined to say if ...

Bajaj Auto's June sales up 8%

2015-07-02 13:40:00

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,317 units from 305,465 units in the corresponding period of the last year.According to the company, its motorcycle sales during the month under review grew by 10 percent at 287,582 units from an off-take of 262,202 units in June 2014.The company's commercial ...
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