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New Delhi: With global crude oil in free fall, Indian Oil Corp on Monday cut the prices of petrol by Rs.2 a litre and of diesel by 50 paise, both prices inclusive of levies in Delhi, with corresponding decrease in other states, effective from midnight.Petrol and diesel, prices of which were last reduced on August 15, will from Tuesday cost Rs.61.20 a litre and Rs.44.45 respectively in Delhi, IOC s ...
For investors worried about the health of emerging economies, India's gross domestic product data for April-June released on Monday has provided little cheer.Growth has slowed to 7 percent in the se three months from 7.5% in the previous quarter, government data showed on Monday."At face value, today's GDP figures for Q2 suggest that India matched China as the world's fastest-growing major economy ...
Warsaw, Poland: Polish authorities are taking action against treasure hunters who are swarming the site of an alleged Nazi gold train find in southwestern Poland.The city of Walbrzych and surrounding wooded hills are experiencing a gold rush after two men said through their lawyers that they have found a Nazi train with armaments and valuables that reportedly went missing in 1945. People with metal ...
A Dubai-based gold and jewellery retailer has defaulted on loans worth about 500 million dirhams ($136.2 million), with banks considering options including legal action to retrieve the money, four banking and trade sources told Reuters.The non-payment by Atlas Jewellery, which has more than 50 branches across the Gulf and in India, affects at least 15 banks, the sources said on condition of anonymity ...
Sept 1 (Reuters) - Indian banks borrowed 13.5 billion rupees ($203.35 million) from the central bank's marginal standing facility (MSF) window on Aug. 31, the Reserve Bank of India said on Tuesday. The banks did not borrow on Aug. 29. ------------------------------------------- BANKS' BORROWING FROM RBI UNDER MSF ------------------------------------------- DATE AMOUNT (IN ...
Sept 1 (Reuters) - BALANCES WITH RBI DATE RESERVE REQUIREMENT ENDING (billion rupees) (billion rupees) 3,677.2600 28/08 3,640.7500 04/09 3,683.3700 27/08 3,640.7500 04/09 3,637.5000 26/08 3,640.7500 04/09 3,700.0000 25/08 3,640.7500 04/09 3,748.0600 ...
New Delhi: With global crude oil in free fall, Indian Oil Corp on Monday cut the prices of petrol by Rs.2 a litre and of diesel by 50 paise, both prices inclusive of levies in Delhi, with corresponding decrease in other states, effective from midnight.Petrol and diesel, prices of which were last reduced on August 15, will from Tuesday cost Rs.61.20 a litre and Rs.44.45 respectively in Delhi, IOC s ...
By John McCrank and Olivia Oran NEW YORK (Reuters) - Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans. A lack of investment in equities and a traditional focus on bond trading kept the No. 3 U.S. bank by assets ...

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 ...
GLOBAL MARKETS ROUNDUP * Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. * Oil prices fell 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude soared more than ...
By Lisa Twaronite TOKYO (Reuters) - Asian shares fell on Tuesday and the dollar struggled after twin surveys showed China's manufacturing sector in the grip of its worst slump in several years, raising fresh fears about the health of its economy. China's official Purchasing Managers' Index (PMI) fell to 49.7 in August from the previous month's reading of 50.0, the weakest showing in three years. ...
BEIJING, Sep 1 (Reuters) - Activity in China's manufacturing sector contracted at its fastest pace in three years in August, an official survey showed on Tuesday, reinforcing fears of a sharper slowdown in the world's second-largest economy despite a flurry of government support measures. The official Purchasing Managers' Index (PMI) fell to 49.7 in August from the previous month's reading of 50.0, ...
By Sue-Lin Wong SHANGHAI (Reuters) - Activity in China's vast factory sector shrank at its fastest pace in almost 6-1/2 years in August, a private survey showed on Tuesday, increasing investor fears that the world's second-largest economy may be lurching toward a hard landing. Even more worrying, China's services sector, which had been one of the few bright spots in the sputtering economy, also ...
Japan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros ($1.90 billion). ...
By Nadia Saleem and Bozorgmehr Sharafedin DUBAI (Reuters) - The joy of riding big Japanese and American motorbikes was just one of the pleasures taken away from Iranians after the country's Islamic revolution. But three decades on, to the delight of enthusiasts, there are signs of restrictions being eased. This month a dozen bikers on pre-revolutionary and newer models were allowed a strictly ...
  Cities   Price (10g)
  Chennai   Rs. 24470.00 (1.37%)
  Mumbai   Rs. 24900.00 (0.97%)
  Delhi   Rs. 24200.00 (1.26%)
  Kolkata   Rs. 24160.00 (0%)
  Kerala   Rs. 24000.00 (0.63%)
  Bangalore   Rs. 23800.00 (0%)
  Hyderabad   Rs. 24140.00 (1.17%)

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