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Prime Minister Narendra Modi on Sunday said that Information Technology has revolutionised the way the world looks at India, adding that progress is incomplete without 'information ways'. "Times are changing. I-ways or information ways are as important highways. Progress is incomplete without I-ways. The faster you all make mobile apps, the faster you will capture the market," the Prime Minister ...
Punjab's farming sector has expressed disappointment over the Union Budget for not taking "pro-farmers" decision to provide much-needed fillip to the state's agriculture which has been suffering with "high" input cost and "lower" output prices. Even the farm experts have also expressed displeasure with the budget for not announcing any financial assistance to Punjab to promote crop diversification ...
Gold premiums in top consumer India could jump to as much as $5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.The wedding season that extends to May typically raises gold demand, but many had delayed purchases expecting a cut in the 10 percent tax. Buying had been ...
The government will introduce gold deposit accounts to utilise the 20000 tonnes of gold available within the country and launch a sovereign bond as an alternative to buying the metal, moves that are likely to cut imports into the biggest gold consumer. Finance Minister Arun Jaitley however did not make any mention of cutting the 10 percent import duty in his speech on Saturday unveiling the budget ...
BEIJING (Reuters) - Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and deflationary pressures persisted, a private business survey showed on Monday, underlying economic fragility that may need more policy support. China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest ...
By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 percent and Tokyo's Nikkei rose 0.3 percent. South Korean and Australian shares also gained. China ...
Prime Minister Narendra Modi on Sunday said that Information Technology has revolutionised the way the world looks at India, adding that progress is incomplete without 'information ways'. "Times are changing. I-ways or information ways are as important highways. Progress is incomplete without I-ways. The faster you all make mobile apps, the faster you will capture the market," the Prime Minister ...
The government has hiked the price of aviation fuel by 8.2 percent. After the price revision, which came into effect from February 28 midnight, the aviation turbine fuel will cost Rs. 50,363 per litre per kilolitre in New Delhi. The price hike will also have a direct impact on the airfares as fuel costs account for about 40 percent of the airline's operating expenses. On Saturday, the Indian Oil ...

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 ...

India Morning Call-Global Markets

2015-03-02 09:00:00

EQUITIES NEW YORK - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter. The Dow Jones industrial average fell 81.72 points, or 0.45 percent, to 18,132.7, the S&P 500 lost 6.24 points, or 0.3 percent, to 2,104.5 and the Nasdaq Composite dropped 24.36 ...
GLOBAL MARKETS ROUNDUP * Asian stocks got off to a steady start on Monday as soft U.S. data was partially offset by a weekend interest rate cut by China, while the dollar hit a five-week high against the euro. * The flagging euro probed fresh one-month lows early on Monday in a subdued start to the week, while an interest rate cut in China over the weekend gave commodity currencies only a fleeting ...
MUMBAI, March 2 (Reuters) - Two key officials in the Indian finance ministry said the case for easing of interest rates by the central bank had strengthened with inflation slowing and the focus staying on fiscal consolidation, the Economic Times reported on Monday. Junior finance minister Jayant Sinha and chief economic adviser at the finance ministry, Arvind Subramanian, both see the situation as ...
SHANGHAI, March 2 (Reuters) - China stocks were up in volatile trade on Monday morning after the country's central bank cut benchmark interest rates over the weekend, with property stocks rising and banking shares giving up early gains. Benchmark indexes opened up, and then seesawed between positive and negative territories in a short space of time The People's Bank of China cut interest rates ...
Two-wheeler maker Eicher Motors Ltd Sunday said it closed last month selling 30,240 units, logging a growth of 49 percent over the corresponding period last year. In a statement, the company said it closed last month selling 30,240 units (domestic 29,491 units, exports 749 units) up from 20,343 units (domestic 19,840 units, exports 503 units) logged during February 2014. The company making Royal ...
By Laurence Frost PARIS (Reuters) - The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models -- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with cash to spend increasingly plump for a ...
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