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New Delhi: India has overtaken China to become the world's fastest growing economy by clocking 7.5 per cent GDP for the March quarter, prompting Finance Minister Arun Jaitley to say that the economy is clearly on "a recovery path". The economic growth rate on sequential basis improved from 6.6 per cent in the third quarter (October-December) of the financial year 2014-15. For the fiscal as a whole, ...
New Delhi: The Indian economy grew by more than seven percent in 2014-15 from the 4.7 percent increase in the previous fiscal, government data showed on Friday. The gross domestic product (GDP) which is a measure of the total value of goods and services produced in the country broke the sub-five percent growth rate barrier after the last two consecutive years. In 2012-13 the GDP climbed-up by 4.5 ...
Continuing its sliding trend for the fourth day in a row, gold today fell by another Rs 50 to trade at three-week low of Rs 27,275 per ten grams at the bullion market here owing to slackened demand from jewellers and retailers amid a weak global trend. However, silver recovered by Rs 210 to Rs 38,750 per kg on fresh buying support from industrial units. Traders attributed persistent fall in gold ...
Gold was hovering above a 2-1/2-week low on Friday as the dollar gave back some of its recent gains, but the metal was still headed for a second straight weekly decline on the prospect of higher U.S. interest rates.Spot gold was little changed at $1,188.35 an ounce by 0258 GMT. It fell to a 2-1/2-week low of $1,180.55 on Thursday but recovered slightly as the dollar and stocks weakened. The metal is ...
* GDP revised to show economy contracted in Q1 * Consumer sentiment, PMI fall in May * Humana hits record on takeover interest * Altera rises on report of Intel interest * Indexes down: Dow 0.6 pct, S&P 0.6 pct, Nasdaq 0.6 pct (Updates to close) By Caroline Valetkevitch May 29 (Reuters) - U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes ...
NEW YORK, May 29 (Reuters) - U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February. The Dow Jones industrial average fell 115.24 points, or 0.64 percent, to 18,010.88, the S&P 500 lost 13.4 points, or 0.63 percent, to 2,107.39 and the Nasdaq Composite dropped 27.95 points, or 0.55 percent, to 5,070.03. ...
Tata Consultancy Services (TCS) has been rated as the best company in India on various financial and operational parameters by Dun & Bradstreet. The list of top 500 firms places Reliance Industries and ITC at the second and the third spots, respectively. Others in the top 10 list are ONGC at the fourth place, followed by Coal India (5th), Infosys (6th), HDFC Bank (7th), HDFC (8th), Hindustan Unilever ...
By Suvashree Choudhury and Manju Dalal MUMBAI/SINGAPORE, May 29 (Reuters) - India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage of the relaxed rules. A weakening rupee and foreign investors' cooling appetite for Asia's ...

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 ...
* GDP revised to show economy contracted in Q1 * Consumer sentiment, PMI fall in May * Humana hits record on takeover interest * Altera rises on report of Intel interest * Indexes down: Dow 0.6 pct, S&P 0.6 pct, Nasdaq 0.6 pct (Updates to close) By Caroline Valetkevitch May 29 (Reuters) - U.S. stocks closed lower on Friday as data showed the economy contracted in the first quarter but indexes ...
NEW YORK, May 29 (Reuters) - U.S. stocks fell on Friday as data showed the economy contracted in the first quarter, though major indexes still posted their best month since February. The Dow Jones industrial average fell 115.24 points, or 0.64 percent, to 18,010.88, the S&P 500 lost 13.4 points, or 0.63 percent, to 2,107.39 and the Nasdaq Composite dropped 27.95 points, or 0.55 percent, to 5,070.03. ...
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly. The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent ...
* Members of Community union vote 88 pct to strike * If strike went ahead, would be biggest in over 30 yrs * Tata says seeking to tackle $2 bln pension deficit (Adds Tata comment and another union result) By Eric Onstad LONDON, May 29 (Reuters) - Tata Steel UK's biggest trade union voted on Friday to go on strike, setting the scene for the biggest labour action in the British steel sector ...
By Arpan, Varghese, Anupam and Chatterjee REUTERS - Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of U.S. shale production, a Reuters survey forecast on Friday. Reuters monthly survey of 28 analysts predicted the global oil benchmark North Sea Brent crude would average $61.60 a barrel in 2015, ...
NEW DELHI (Reuters) - Mahindra & Mahindra Ltd , India's top utility vehicle maker by sales, reported on Friday its steepest fall in quarterly profit in more than six years, hit by poor sales in rural areas where unseasonal rains have hurt farm incomes. Mahindra's standalone profit for the fourth quarter ended March fell 39 percent to 5.51 billion rupees ($86.4 million) from a year earlier. This is ...
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