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Kingfisher Airlines Chairman-cum-Managing Director Vijay Mallya has been summoned by a court here on a pilot's petition alleging that the company was withholding his payment dues.Finding Mallya "prima-facie" guilty of fraud and criminal breach of trust (under section 420 and 406 of IPC), Additional Chief Judicial Magistrate Umakant Jindal has summoned him along with company Vice Chairman Roopi Arya.The ...
The rupee gained on Thursday tracking a rally in domestic shares on hopes the country would retain its appeal to foreign investors, despite uncertainty about the outlook for U.S. interest rates that hit other emerging markets.The U.S. Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than ...
Gold prices recovered by Rs 50 to Rs 27,450 per ten gram in the national capital today on scattered buying by jewellers, tracking a firming trend overseas. However, silver remained under selling pressure and fell further by Rs 490 to Rs 41,000 per kg. Traders attributed the recovery in gold prices to a better trend in global markets. Gold in London, which normally sets price trend on the domestic front, ...
India's monthly gold imports are set to rise by as much 50 percent from current levels while premiums could almost double as the country gears up for a surge in demand ahead of the year-end festivities and wedding season, industry sources said.More purchases by the world's No.2 gold consumer after China could help support global bullion prices, which are mired near an 8-1/2-month low of $1,216.01 per ...
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