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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 ...
For investors worried about the health of emerging economies, India's gross domestic product data for April-June released on Monday has provided little cheer.Growth has slowed to 7 percent in the se three months from 7.5% in the previous quarter, government data showed on Monday."At face value, today's GDP figures for Q2 suggest that India matched China as the world's fastest-growing major economy ...
Warsaw, Poland: Polish authorities are taking action against treasure hunters who are swarming the site of an alleged Nazi gold train find in southwestern Poland.The city of Walbrzych and surrounding wooded hills are experiencing a gold rush after two men said through their lawyers that they have found a Nazi train with armaments and valuables that reportedly went missing in 1945. People with metal ...
A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.The non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, affects at least 15 banks, the sources said on condition of anonymity ...
By Caroline Valetkevitch NEW YORK (Reuters) - World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummelled in ...
By Robert Gibbons NEW YORK (Reuters) - Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of U.S. crude production data and OPEC's readiness to talk with other producers helped extend the biggest three-day price surge in 25 years. U.S. crude oil prices have skyrocketed more than $10 a barrel in three days, erasing the month's declines as ...
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 ...
By Caroline Valetkevitch NEW YORK (Reuters) - World stock indexes fell on Monday as a Federal Reserve official's comments added to investor concerns the bank may start raising interest rates in September, while oil prices jumped more than 8 percent, extending their biggest price surge in 25 years. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummelled in ...
By Noel Randewich (Reuters) - Wall Street ended lower on Monday and wrapped up its worst month since 2012 after comments from a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest ...
NEW YORK, Aug 31 (Reuters) - Wall Street ended lower on Monday after a senior Federal Reserve official added to fears among investors of a U.S. interest hike in September. The S&P 500 registered its biggest monthly percentage drop since May 2012. Based on the latest available data, the Dow Jones industrial average fell 114.98 points on the day, or 0.69 percent, to 16,528.03, the S&P 500 lost 16.7 ...
Signalling a lower interest rate regime, the second-largest private lender HDFC Bank today slashed its minimum lending rate by a hefty 35 basis points to 9.35 per cent -- the lowest in the industry now. One basis point is one-hundredth of a percentage point. The new lower rates from HDFC Bank will be effective tomorrow, making bank loans cheaper for its borrowers and will help drive demand for auto ...
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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