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The government wants to list ONGC Videsh, the overseas arm of top oil explorer Oil and Natural Gas Corp , a company executive said."We have received a letter from the ministry on listing of ONGC Videsh," the executive said, adding the divestment department of the finance ministry was pushing for a sale. The executive did not wish to be named as the matter is not public.He added that ONGC executives ...
The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, and stocks stuttered as high-flying Chinese shares tumbled and European officials downplayed talk of an imminent deal to keep Greece afloat.Commodity markets rebounded as the dollar's momentum waned and though the euro clung to hopes of an agreement on Greece, the bloc's shares and lower-rated government ...
Tracking weak trend overseas and low demand from jewellers, gold extended its slide for the third straight day as prices dropped by another Rs 25 to Rs 27,325 per 10 grams at the bullion market today. Silver followed suit, which traded lower by Rs 260 to Rs 38,540 per kg. Sentiment remained weak, largely in line with a weakening trend overseas where gold held at 2-week low as prospects for an increase ...
Gold was steady after initially falling to a two-week low on Wednesday, as the dollar retreated from a one-month high, but the precious metal remained under pressure from expectations that a U.S. rate increase may come soon.Spot gold XAU= was up 0.1 percent at $1,187.70 an ounce at 2:53 p.m. EDT (1853 GMT), after hitting $1,183.76 an ounce, the lowest since May 12. U.S. gold futures GCv1 for June delivery ...
By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep Greece afloat. Crude futures fell, with U.S. oil on track for a weekly decline following 10 weeks of gains. A Greek government official had sparked speculation ...
By Barani Krishnan NEW YORK (Reuters) - Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration (EIA) said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving season ...
Rome: India is home to the highest number of hungry people in the world, at 194 million, surpassing China, according to United Nations annual hunger report. At the global level, the corresponding figure dropped to 795 million in 2014-15, from 1 billion in 1990-92, with East Asia led by China accounting for most of the reductions, UN body Food and Agriculture Organisation (FAO) said in its report ...
United Spirits (USL) has received notices from the Ministry of Corporate Affairs and the I-T Department for inspection of its book subsequent to a probe ordered by its new management over alleged irregularities in loans given by it to various companies of Vijay Mallya-led UB Group.USL said its Board has asked MD and CEO Anand Kripalu to further probe "possible existence of any other transaction of ...

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 ...
By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar hit its highest against the yen since 2002, while global stocks cascaded lower after Chinese brokerages tightened margin rules and the IMF head downplayed talk of an imminent deal to keep Greece afloat. Crude futures fell, with U.S. oil on track for a weekly decline following 10 weeks of gains. A Greek government official had sparked speculation ...
* Greek default concerns remain * GoPro shares surge on Google collaboration * Indexes down: Dow 0.2 pct, S&P 0.1 pct, Nasdaq 0.2 pct (Updates to close) By Caroline Valetkevitch May 28 (Reuters) - U.S. stocks eased on Thursday as mixed messages about Greece's debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules. Seven of ...
* Saudi Arabia transforming into a major oil refining centre * But risks competing with some of its Asian crude buyers * South Korea and Saudi Arabia have long-established business ties * State oil firm has already hired over 100 Koreans since 2014 By Meeyoung Cho and Reem Shamseddine SEOUL/KHOBAR, Saudi Arabia, May 29 (Reuters) - Saudi Arabia's state oil firm is on a hiring spree in South ...
* GDP data to be released on Friday around 1200 GMT * Economists forecast Jan-March GDP growth at 7.3 pct year/year * Analysts see RBI cutting interest rate by 25 bps on Tuesday By Manoj Kumar NEW DELHI, May 29 (Reuters) - India's government and businesses are pushing for an interest rate cut next week even though data on Friday may show output is expanding faster than China's, in the latest ...
By Bernie Woodall DETROIT (Reuters) - Three automakers on Thursday widened recalls of cars and trucks with Takata Corp air bags and the U.S. Congress set a hearing next week on the safety issue that has been linked to six deaths. Takata last week complied with demands of U.S. safety regulators and doubled the vehicles to be involved in air bag recalls to 34 million, making it the largest recall ...
By Aditi Shah NEW DELHI, May 28 (Reuters) - Iconic motorbike maker Royal Enfield, owned by India's Eicher Motors, is planning to push into Latin America and Southeast Asian markets to boost profits, CEO Siddhartha Lal told Reuters on Thursday. The company, which makes the cult Bullet bike and is one of the world's oldest bike manufacturers, already exports its middleweight motorcycles to countries ...
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