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Maruti Suzuki India Ltd, India's biggest carmaker by sales, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the April-June quarter was 11.9 billion rupees ($185.94 million), up from 7.6 billion rupees in the same ...
China stocks ended lower in a volatile session on Tuesday, even as Beijing pledged to lend further support after stocks sank 8 percent in the previous session, raising concerns about financial stability in the world's second-biggest economy.The CSI300 index of the largest listed companies in Shanghai and Shenzhen ended 0.2 percent lower, at 3,811.09, while the Shanghai Composite Index lost 1.7 percent, ...
Gold hovered near its weakest level since early 2010 on Tuesday, reflecting investor hesitation to bid up bullion amid growing expectations of a near-term hike in U.S. interest rates.The Federal Reserve begins a two-day meeting later in the day where policymakers are likely to signal that a rate hike later in the year is certain as the U.S. economy strengthens.A further tumble in Chinese equities after ...
China's gold imports could fall as much as 40 percent this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said.A lot of the gold China imported in the last three years was used to secure cheaper loans due to a liquidity crunch, but that is now flowing back into the market as lending rates drop."All this gold that was used for financing ...
By Manolo Serapio Jr MANILA (Reuters) - Global gold demand shrank to its lowest level since 2009 in the second quarter as China poured funds into equities, which had promised better returns, and imports by India dropped to the lowest in five quarters, an industry report showed on Tuesday. A plunge in Chinese share prices from mid-June has not helped bullion, GFMS said in a quarterly report, although ...
HONG KONG, July 28 (IFR) - The aftershocks of Monday's sharp falls in Chinese equity markets continued to affect risk sentiment in Asia, as sell-offs in stocks continued and credit markets saw a mixed day of trading. After Monday's 8.6% loss, shares on the Shanghai Stock Exchange retreated another 1.31% in a day of volatile trading. However, it was not as terrible a session for Hong Kong as the Hang ...
China's gold imports could fall as much as 40 percent this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said.A lot of the gold China imported in the last three years was used to secure cheaper loans due to a liquidity crunch, but that is now flowing back into the market as lending rates drop."All this gold that was used for financing ...
India has seen the second-biggest outflow of high net worth individuals in last 14 years, with as many as 61,000 millionaires shifting base to abroad due to reasons like tax, security and child education, says a report. A joint report by New World Wealth and LIO Global said the change in domicile, along with a rise in second citizenship applications, has increased dramatically since the turn of the ...

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 ...
Maruti Suzuki India Ltd, India's biggest carmaker by sales, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the April-June quarter was 11.9 billion rupees ($185.94 million), up from 7.6 billion rupees in the same ...
By Samuel Shen and Pete Sweeney SHANGHAI (Reuters) - Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. After a plunge of more than 8 percent in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilise the stock ...
By Manolo Serapio Jr MANILA, July 28 (Reuters) - Global gold demand shrank to its lowest level since 2009 in the second quarter as China poured funds into equities, which had promised better returns, and imports by India dropped to the lowest in five quarters, an industry report showed on Tuesday. A plunge in Chinese share prices from mid-June has not helped bullion, GFMS said in a quarterly report, ...
DHAKA, July 28 (Reuters) - Police in Bangladesh have arrested six suspected militants, including the chief of the outlawed Jamaat-ul Mujahideen group, as authorities stiffen a crackdown on hardline Islamists. Bangladesh, a Muslim-majority nation of 160 million people, targeted the militants after machete-wielding attackers this year hacked to death three online critics of religious extremism, including ...
Maruti Suzuki India Ltd, India's biggest carmaker by sales, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates.Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the April-June quarter was 11.9 billion rupees ($185.94 million), up from 7.6 billion rupees in the same ...
NEW DELHI, July 27 (Reuters) - Maruti Suzuki India Ltd , India's biggest carmaker by sales, said on Tuesday first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates. Maruti, controlled by Japan's Suzuki Motor Corp, said profit for the April-June quarter was 11.9 billion rupees ($185.94 million), ...
  Cities   Price (10g)
  Chennai   Rs. 24500.00 (-0.33%)
  Mumbai   Rs. 25480.00 (-0.08%)
  Delhi   Rs. 25200.00 (0%)
  Kolkata   Rs. 25000.00 (0%)
  Kerala   Rs. 24400.00 (-0.41%)
  Bangalore   Rs. 24450.00 (0%)
  Hyderabad   Rs. 24580.00 (0%)
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