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Chinese handset maker Xiaomi, which debuted in the Indian smartphone market earlier this month, today said it sold out its stock of its Mi3 smartphone within 5 seconds of going on sale.This is the second lot that was put on sale today at 2 pm in the afternoon on online marketplace Flipkart, which is exclusively selling Xiaomi's handsets in India."The site saw an unprecedented 250,000 users simultaneously ...
Mumbai: The market, which slipped into negative territory, after a slight upmove earlier this morning, continues to trade weak, with investors indulging in some cautious selling, tracking quarterly results.The Sensex is down 49.80 points or 0.19% at 25,941.43. The Nifty index of the National Stock Exchange is down 11.65 points or 0.15% at 7737.05.Bharti Airtel is up nearly 5.5% on strong quarterly ...
Gold fell on Tuesday as investors nervously awaited the end of U.S. Federal Reserve's two-day policy meeting on Wednesday to see if the central bank will raise interest rates faster than expected. Further weighing on the market was some selling in the August U.S. gold futures contract, traders said, as the contract headed for expiration over the next few weeks. "What really mattered of course was ...

Gold spend on a high, says NSSO

2014-07-30 02:07:00

India's affection for gold has only been growing across rural and urban areas. When compared with real estate, the yellow metal is still clearly perceived as a safer bet, a recent National Sample Survey Office (NSSO) survey revealed. The share of expenditure on gold has risen sharply in both rural and urban parts of the country between 2004-05 and 2011-12, the survey shows. On the other hand, the ...
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