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New Delhi: The post-demonetisation government narrative that the poor are being "used" by black money hoarders and huge amounts are being deposited in their Jan Dhan accounts does not stand up to scrutiny. Prime Minister Narendra Modi, in his rally in Moradabad on Saturday, touched upon this issue and said that he "will find a way" of ensuring that the money deposited with Jan Dhan accounts remains ...
Chennai: PMK founder S. Ramadoss on Sunday said the BJP-led government's demonetisation of Rs 500 and Rs 1,000 currency notes to eradicate black money is akin to demolishing a mountain to catch a rat. Citing an earlier IANS report, Ramadoss said the report quoting data from Reserve Bank of India (RBI) shows the ground level picture of the demonetisation decision. Ramadoss said that while the central ...
Gold edged higher on Friday, shrugging off data showing rising U.S. job numbers, with analysts saying that an expected rise in interest rates had already been priced in. U.S. employers boosted hiring in November, pushing down the the unemployment rate to a more than nine-year low of 4.6 percent and increasing the likelihood that the Federal Reserve will raise interest rates this month. Bullion ...
Gold eased on Friday ahead of U.S. jobs data expected to boost confidence in the world's largest economy and strengthen the case for the Federal Reserve to raise interest rates after buoyant factory data the previous day. Bullion is highly sensitive to rising interest rates, which make the non-yielding asset less attractive while boosting the dollar, in which it is priced. Spot gold edged 0.1 percent ...
ISTANBUL (Reuters) - Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira. In a speech to flag-waving crowds in the central city of Kayseri, Erdogan also said that Prime Minister Binali Yildirim would bring up the issue with Moscow during a forthcoming ...
[India], Dec. 4 (ANI): Union Commerce and Industry Minister Nirmala Sitharaman has said that unlike other sectors, Gem and Jewellery sector has direct impact on job creation.Speaking at the foundation stone laying ceremony of Indian Institute of Gem and Jewellery (IIGJ )Varanasi Extension Campus here, she said this is one sector which has different sub sectors by which gem and jewellery industry provides ...
Chennai -  India's own automatic teller machine (ATM) maker Vortex Engineering Pvt Ltd is betting big on its mini-ATMs as banks and others are expected to set up the machines in rural areas in the coming days, said a top company official. He said the company is focussing on the African, Middle East and neighbouring markets for its regular and through the wall ATMs and planning to raise $3-$5 ...
New Delhi  -  Notwithstanding economists' prediction that demonetisation would hit the country's Gross Domestic Product (GDP) growth, Union Minister Piyush Goyal on Saturday said when informal economy goes into the formal mode with the banning of high-value currency, this will add to the GDP. He also said the cancellation Rs 500 and Rs 1,000 notes as the legal tender was part of the series ...

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 ...
BEIJING (Reuters) - China aims to increase direct funding for companies through financial instruments such as stocks by implementing a national investment standard, a senior official at the People's Bank of China (PBOC) said on Saturday. The majority of China's loans still come from bank deposits, while funds raised via direct channels such as equity are insufficient, limiting the scope for firms ...
New York   -  In yet another attempt to take on photo sharing mobile service Snapchat, Facebook is working on a new feature which will showcase lists of curated content from publishers directly in the News Feed. "The feature called 'Collections' functions similarly to Snapchat's Discover section, showcasing news stories, videos and the company is reportedly asking publishers to create ...
ISTANBUL (Reuters) - Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira. In a speech to flag-waving crowds in the central city of Kayseri, Erdogan also said that Prime Minister Binali Yildirim would bring up the issue with Moscow during a forthcoming ...
BERLIN (Reuters) - Greece must carry out structural reforms instead of receiving further debt relief if it wants to achieve sustainable growth and stay in the euro zone, Germany's finance minister said on Sunday. Wolfgang Schaeuble's comments to Bild am Sonntag came ahead of a meeting of euro zone finance ministers in Brussels on Monday to discuss short-term measures to lighten Greece's debt burden ...
Automobile stocks are trading weak today, with a drop in vehicles sales in November 2016 following the demonetisation move by the government. Bajaj Auto, Mahindra & Mahindra and Hero Motocorp reported weak sales. Tata Motors' sales performance was somewhat flat, while Maruti Suzuki came out with better than expected numbers.Bajaj Auto (down marginally) reported a 13% decline in total sales at 2.69 ...
** Shares of Indian auto makers fall after companies report sharp declines in monthly sales as demonetisation hurts consumer demand ** Mahindra & Mahindra falls 0.17 pct, TVS Motor 1.06 pct lower, Hero MotoCorp down 0.66 pct and Bajaj Auto drops 0.77 pct ** Analysts expect sales of two-wheelers and tractors in rural areas to suffer most ** Demonetisation expected to hit passenger vehicle ...
  Cities   Price (10g)
  Gold Rate in Chennai   Rs. 27670.00 (0.18%)
  Gold Rate in Mumbai   Rs. 28360.00 (0%)
  Gold Rate in Delhi   Rs. 28200.00 (0%)
  Gold Rate in Kolkata   Rs. 27650.00 (0%)
  Gold Rate in Kerala   Rs. 27000.00 (0%)
  Gold Rate in Bangalore   Rs. 27250.00 (0%)
  Gold Rate in Hyderabad   Rs. 27650.00 (0%)

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