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India will surpass the US as the second largest market for smartphones globally by 2016, helped by device makers offering affordable handsets, research firm eMarketer said.According to eMarketer, increasing penetration of affordable smart mobile devices in emerging markets will help smartphone users worldwide surpass the 2 billion-mark in 2016."India will exceed 200 million smartphone users, topping ...
The BSE Sensex and Nifty rose more than 1 percent on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market.Prime Minister Narendra Modi may consider using an executive order to push through laws overhauling the insurance and coal sectors, if the increasingly ...
Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe-haven appeal.Strength in oil prices also supported bullion, but gains in gold could be difficult to hold due to expectations of higher U.S. interest rates and a strong outlook for the dollar."The bullion market faces tough upside resistance ...
Following the sharp fall in the Russian rouble, bullion markets were awash with speculation that the country would dip into its gold reserves to meet its dollar requirements and shore up its currency. Those worries now seem to be abating following data that shows that Russia, which has the world's six largest gold reserves, has actually been adding to its stockpile. At the end of September 2014, the ...
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