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Beijing: Prime Minister Narendra Modi will embark on an "outcome-driven" maiden visit to China before May 26, External Affairs Minister Sushma Swaraj said today as she held talks with her Chinese counterpart on key issues and emphasised that maintenance of peace and tranquillity at the border was a pre-requisite for the development of ties. The 62-year-old leader, who is on her first visit to the communist ...
The auto industry's air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.The vehicles involved in the recall announced by the U.S. National Highway Traffic Safety Administration are made by Toyota Motor Corp, Fiat Chrysler Automobiles ...
Gold prices recovered smartly after the overnight fall at the domestic bullion market here today on fresh demand from jewellery stockists and traders amid renewed local buying interest at the existing lower level to meet the seasonal demand on the back of higher global cues. Silver also recouped sharply owing to robust speculative and industrial demand. Standard gold (99.5 purity) climbed by Rs 335 ...
After falling for two straight days, gold today staged a comeback to close Rs 250 higher at Rs 28,350 per ten grams at the bullion market as jewellers made fresh buying at prevailing levels to meet wedding season demand amidst a firming global trend. Silver followed suit and recovered by Rs 800 to Rs 38,350 per kg on increased offtake by industrial units and coin makers. Traders said besides wedding ...
PARIS (Reuters) - Greece has no future outside the euro but it is legitimate for the country to want to discuss ways to reduce the weight of its debt, French Finance Minister Michel Sapin said ahead of a meeting with his Greek counterpart Yanis Varoufakis on Sunday. "If a government says 'we want to stay in the euro', that is right. There is no future for Greece outside the euro," Sapin said on ...
DUBAI (Reuters) - Struggling sugar mills in India should benefit from a fixed-pricing mechanism for fuel ethanol but still need government support to export surplus sugar, the Director General of the Indian Sugar Mills Association said on Sunday. Ethanol is produced in India from molasses, a byproduct of sugar production, and the government introduced the mechanism in December aiming to raise output ...
Ride service Uber, which is trying to enhance its image after several controversies, on Friday released the findings of a report on its handling of passenger data and said it would act on all the report's recommendations for improvements.Lawyers at Hogan Lovells, who wrote the report commissioned and paid for by Uber, found that the smartphone app-enabled service had appropriate guidelines and procedures ...
Google reportedly splurged a whopping 1.5 million dollars as awards to security researchers who pointed out flaws in its open-source programmes last year. According to its Security Rewards programme, it paid 200 researchers for 500 bugs found in 2014, the Express Tribune reported. Google security engineer Eduardo Vela Nava said in a blog post that the company had paid one researcher 150,000 dollars ...

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 ...
RBI's monetary policy review and third quarter earnings from major companies like Bharti Airtel and Hero MotoCorp would drive the stock market this week, say experts. Besides, global cues, investment by overseas investors, movement of rupee against the dollar and crude oil price would also influence trading. Apart from this, auto stocks will be in focus amid release of monthly sales data. "Monetary ...
Kolkata based wire rope and steel bar maker Usha Martin Ltd (UML) Saturday said it suffered a loss of Rs.35.99 crore for the quarter ended Dec 31 (Q3) of the current fiscal compared to the net profit of Rs. 15.43 crore in the same period last fiscal year. The accumulated loss so far is Rs. 149 crore. The company's consolidated revenue from net sales stood at Rs. 1,076.77 crore compared to Rs. 965.38 ...
Beijing: Prime Minister Narendra Modi will embark on an "outcome-driven" maiden visit to China before May 26, External Affairs Minister Sushma Swaraj said today as she held talks with her Chinese counterpart on key issues and emphasised that maintenance of peace and tranquillity at the border was a pre-requisite for the development of ties. The 62-year-old leader, who is on her first visit to the communist ...
By Jeff Mason and Kevin Drawbaugh WASHINGTON (Reuters) - President Barack Obama's fiscal 2016 budget proposes a 19 percent tax on U.S. companies future foreign earnings and a one-time 14 percent tax on roughly $2 trillion of profits being held offshore, the White House said on Sunday. Revenues from the one-time tax would be used to fund infrastructure projects and fill a projected shortfall in ...
The auto industry's air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.The vehicles involved in the recall announced by the U.S. National Highway Traffic Safety Administration are made by Toyota Motor Corp, Fiat Chrysler Automobiles ...
By Michael Shields and Angelika Gruber VIENNA (Reuters) - The surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across eastern Europe. In the early 1990s, people living in the west of the country who crossed into Switzerland to work were lured by the ultra low interest rates offered in ...
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