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New Delhi: The long-awaited move towards a pan-India goods and services tax (GST) regime got a push on Wednesday with the federal cabinet giving its nod to some changes recommended by a parliamentary panel, notably an extra 1 percent levy to compensate states for potential tax losses. "Yes, the cabinet has approved some of the suggested amendments (by the parliamentary panel)," an official told IANS ...
A Florida family who has hunted treasure for years found more than $1 million worth of gold artefacts this summer from the wreckage of a 1715 Spanish fleet that sank in the Atlantic, according to a salvage company’s estimate.The find included 51 gold coins of various denominations and 40 feet (12 metres) of ornate gold chain, said Brent Brisben, whose company, 1715 Fleet – Queens Jewels LLC, owns ...
Gold prices in the country may even dip to Rs 20,500 per ten grams, a level last seen about 5 years ago, in case of a rate hike by US Federal Reserve later this year, according to India Ratings and Research (Ind-Ra).Maintaining the negative outlook on gold prices for the current fiscal, the rating agency said domestic rates may decline and range between Rs 20,500-Rs 24,000 per 10 grams if the US Fed ...
Gold steadied on Wednesday as the dollar softened, but was still trading around a 5-1/2-year low hit last week as investors awaited the outcome of a Federal Reserve's meeting for cues on the timing of the first U.S. rate rise in nearly a decade.Policymakers are likely to reaffirm that only consistent signs of a strong U.S. economy and labour market would put them on track to raise interest rates in ...
July 30 (Reuters) - BALANCES WITH RBI DATE RESERVE REQUIREMENT ENDING (billion rupees) (billion rupees) 3,725.1100 25/07 3,606.8600 07/08 3,692.8700 24/07 3,581.9200 24/07 3,599.0300 23/07 3,581.9200 24/07 3,604.5200 22/07 3,581.9200 24/07 3,636.9300 ...
July 30 (Reuters) - (in billion rupees) ------------------------------------------ 29/07 20.32 28/07 20.32 27/07 18.00 25/07 27.03 24/07 27.03 23/07 28.32 22/07 28.32 21/07 26.33 20/07 26.33 17/07 28.32 16/07 ...
A Florida family who has hunted treasure for years found more than $1 million worth of gold artefacts this summer from the wreckage of a 1715 Spanish fleet that sank in the Atlantic, according to a salvage company’s estimate.The find included 51 gold coins of various denominations and 40 feet (12 metres) of ornate gold chain, said Brent Brisben, whose company, 1715 Fleet – Queens Jewels LLC, owns ...
Qatar Airways, which owns a 10 percent stake in British Airways owner IAG, is not in talks to buy a stake in Indian carrier SpiceJet nor is it interested in doing so, it said on Tuesday. "Qatar Airways is not in talks to pursue a commercial stake in SpiceJet. There is no interest from the airline to engage in a partnership," it said in a statement on its website. The statement follows rumours in ...

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 ...
GLOBAL MARKETS ROUNDUP * Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively bright picture of the world's biggest economy, but a deepening sell-off in commodities kept gains in check. * The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent ...
* Nikkei up 1 pct, ex-Japan Asia MSCI higher * Earnings likely to disappoint, with Chinese companies in focus * Commodities wallow near 6-year lows on trade worries * Dollar holds upper hand vs other currencies By Saikat Chatterjee HONG KONG, July 30 (Reuters) - Asian stocks tiptoed higher on Thursday and the dollar consolidated recent gains after the U.S. Federal Reserve painted a relatively ...
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's factory output rose modestly in June after a big drop in the prior month, highlighting worries of a second-quarter economic slump as exports weaken and manufacturers are saddled with large inventories. Analysts expect the economy to bounce modestly in the current quarter, helped by a pick-up in private consumption as household incomes improve, but ...
SHANGHAI, July 30 (Reuters) - China stocks were mixed on Thursday after state media reported that Chinese banks were investigating their exposure to the stock market via wealth management products and loans backed by stock as collateral. The CSI300 index fell 0.2 percent to 3,924.23 points at 1:48 GMT, while the Shanghai Composite Index lost 0.2 percent to 3,782.39 points. The CSI300 banking subindex ...
By Aditi Shah NEW DELHI (Reuters) - General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand. The Detroit carmaker, which has the capacity to produce more than 280,000 cars a year in India, will reduce this to 220,000 a year by 2025 as it stops making cars ...
* To restructure and downsize India operations * To stop production at one of two plants in India * To launch 10 new India-made vehicles over next 5 years * Plans to double market share in India by 2020 * India's auto market seen world's third largest by 2020 (Recasts with GM plans to downsize India operations, CEO, executive comments) By Aditi Shah NEW DELHI, July 29 (Reuters) - General ...
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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