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The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters.Gold is India's second-highest import in value terms, and a jump in imports widened the current account deficit in 2013, sparking the country's worst ...
Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.The result of the vote remains unclear as campaigning gets underway in earnest. But whether Greeks choose 'yes' or 'no', the country is expected to face a new period of uncertainty ...
The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters.Gold is India's second-highest import in value terms, and a jump in imports widened the current account deficit in 2013, sparking the country's worst ...
Gold prices firmed on Friday, rebounding from a 3-1/2 month low as the dollar softened after weaker than forecast U.S. employment data tempered expectations for a September rate rise by the Federal Reserve.Investors remained cautious ahead of Greece's referendum on an international bailout deal at the weekend, while liquidity should remain thin throughout the day as U.S. markets are closed for Independence ...
HONG KONG (Reuters) - The operator of Hong Kong's stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse. Hong Kong Exchanges & Clearing (HKEx) said on Friday that it will proceed with a proposal, unveiled in January, to introduce a so-called closing auction ...
The Reserve Bank of India and the finance ministry are in talks to scrap bulk import licences for a gold-silver alloy used by domestic refiners, months after relaxing curbs on gold imports, officials with direct knowledge of the discussions told Reuters.Gold is India's second-highest import in value terms, and a jump in imports widened the current account deficit in 2013, sparking the country's worst ...
Karitaina: Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch. If Greece's financial crisis deepens, as many believe it must, he can feed his children and grandchildren with the bounty of the land in this proud village high in the mountains of the Arcadia Peloponnese. "I have my lettuce, my onions, I have ...
Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.The result of the vote remains unclear as campaigning gets underway in earnest. But whether Greeks choose 'yes' or 'no', the country is expected to face a new period of uncertainty ...

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 ...
HONG KONG (Reuters) - The operator of Hong Kong's stock exchange said it will introduce new controls to rein-in volatility, in a long-awaited announcement that comes as Chinese shares see wild price swings, fueling fears of a mainland market collapse. Hong Kong Exchanges & Clearing (HKEx) said on Friday that it will proceed with a proposal, unveiled in January, to introduce a so-called closing auction ...
* Euro STOXX 50 in biggest weekly drop since Dec * Sunday's Greek referendum a major focus for investors * Banks under the spotlight after more regulatory issues emerge * Europe bourses in 2015: http://link.reuters.com/pap87v * Asset performance in 2015: http://link.reuters.com/gap87v By Alistair Smout and Liisa Tuhkanen LONDON, July 3 (Reuters) - A top euro zone share index ended Friday ...
Greek Prime Minister Alexis Tsipras's plan to hold a referendum on Sunday on creditors' demands for austerity has prompted a breakdown in talks with lenders, forced Greece to shut banks and left its future in the euro in doubt.The result of the vote remains unclear as campaigning gets underway in earnest. But whether Greeks choose 'yes' or 'no', the country is expected to face a new period of uncertainty ...
(Reuters) - Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank's businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm. Thiam's strategic review will involve executives competing with each other for capital allocations ...
WARSAW, July 3 (Reuters) - Poland is competing with Slovakia to host a new $1.9 billion car plant to be created by an Indian automaker, Polish Deputy Prime Minister Janusz Piechocinski said on Friday. "The investor wants to start production in 2019," Piechocinski said. "This will be 350,000 cars per year, the investment is worth 7 billion zlotys ($1.9 billion)." Piechocinski declined to say if ...

Bajaj Auto's June sales up 8%

2015-07-02 13:40:00

Two-and three-wheeler manufacturer Bajaj Auto on Thursday reported an increase of eight percent in its monthly sales for June, which stood at 331,317 units from 305,465 units in the corresponding period of the last year.According to the company, its motorcycle sales during the month under review grew by 10 percent at 287,582 units from an off-take of 262,202 units in June 2014.The company's commercial ...
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