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​ Gold held steady just above $1,300 an ounce on Thursday supported by tensions in Ukraine, but the metal was at the risk of adding to recent losses as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.FUNDAMENTALS* Spot gold was little changed at $1,302.20 an ounce by 0022 GMT, after closing flat on Wednesday.* Holdings in SPDR Gold Trust fell 8.39 tonnes to ...
The rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic sharemarket by offshore investors hurt the local unit.The Sensex and the Nifty fell to their lowest close in 2-1/2 weeks as software stocks slumped on caution ahead of India's top IT services provider Tata Consultancy Services' (TCS.NS) earnings report later in ...
​ Gold held steady just above $1,300 an ounce on Thursday supported by tensions in Ukraine, but the metal was at the risk of adding to recent losses as the world's biggest gold-backed fund saw its sharpest outflow in nearly four months.FUNDAMENTALS* Spot gold was little changed at $1,302.20 an ounce by 0022 GMT, after closing flat on Wednesday.* Holdings in SPDR Gold Trust fell 8.39 tonnes to ...
Gold prices recovered by Rs 130 to Rs 30,130 per 10 grams in the national capital on Wednesday on scattered buying by stockists for the wedding season demand. However, silver fell further by Rs 300 to Rs 43,000 per kg on reduced offtake by industrial units and coin makers. Traders said some buying for the marriage season mainly helped gold prices to recover. They said reduced offtake by industrial ...
Sandeep Patel, chief executive and managing director of Cigna TTK Health Insurance, says ProHealth, a product launched by the company recently, saw an equal number of individual and family floater plans being sold. However, he expects retail customers to be more inclined towards family floater plans in the days to come. This is because when looking for a family health cover, floater policies turn ...
Are you receiving emails or telephone calls from banks advising you to invest in recurring deposits because there is no tax deducted at source (TDS) in this case? Remember, such investments aren't tax-free. No TDS merely means the bank will pay you the entire interest amount without forwarding the tax on it to the government. However, the fixed deposit holder will have to include this interest income ...
IT services exporter HCL Technologies beat market expectations with a 59 percent rise in March-quarter profit, helped by increasing demand for outsourcing services.Consolidated net income for the three months ended March 31 rose to 16.24 billion rupees from 10.2 billion rupees in the same period a year earlier, HCL Technologies said on Thursday.That compares with the 15.51-billion-rupee average of ...
BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies. Rising interest from mainland Chinese speculators was credited for driving up global bitcoin prices last ...
The Indian stock market ended lower on Wednesday, extending losses to a third successive session, as foreign institutional investors pressed sales on the back of recent weak economic data.Last Friday's industrial output data for February and the data released by the government on Tuesday that showed wholesale price inflation to have risen at the fastest pace since December, proved strong enough triggers ...
European shares rose on Wednesday, reversing the previous session's slide as economic growth data from China came a touch above forecasts. Shares in Tesco, the world's No.3 retailer, gained 1.7 percent, bouncing after a 15 percent slide in two months as traders said a fall in profits reported by the group was not as steep as some had feared. "Tesco this morning was not quite as bad as expected," ...
MUMBAI (Reuters) - Shares in HCL Technologies rise after the company reported a better-than-expected net profit for January-March quarter on the back of increasing demand for outsourcing services. The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion rupees ($269.07 million) from 10.2 billion rupees ...
MUMBAI, April 17 (Reuters) - Shares in India's HCL Technologies gained 2.73 percent at pre-open trade after the company reported a better-than-expected net profit for January-March quarter on the back of increasing demand for outsourcing services. The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion ...

India Morning Call-Global Markets

2014-04-17 08:40:00

EQUITIES NEW YORK - U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied. The Dow Jones industrial average rose 162.29 points, or 1.00 percent, to end at 16,424.85. The Standard & Poor's 500 Index gained 19.33 points, or 1.05 percent, to finish unofficially ...
(http://link.reuters.com/byz58v) Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Aditya Kondalamahanty in Bangalore) ...
By Norihiko Shirouzu BEIJING (Reuters) - Japanese carmaker Nissan Motor Co is going for a facelift to stand out from the crowd. In an increasingly competitive global market - in China alone there are some 80 automakers battling for sales - Nissan plans to put a V-shaped front grille design on most of its models to give itself a "distinct, unified face", says global design chief Shiro Nakamura. ...
By Jessica Dye (Reuters) - General Motors Co said it would ask a U.S. court to bar lawsuits related to actions before its 2009 bankruptcy, signaling a tougher stance toward legal claims stemming from its recent recall over faulty ignition switches. GM has said it is protected from liability for claims related to incidents that occurred before it exited bankruptcy in 2009, and has taken steps to ...
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