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Banks which want to set up units within the special financial zones being created in India will only be allowed to transact in non-rupee currencies and will be exempt from reserve requirements, the Reserve Bank of India said on Wednesday. The banking units within the so-called International Financial Services Centres (IFSCs) will also have to follow the same rules applicable to Indian banks regarding ...
Asia-focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes. Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard Chartered said on Wednesday. The 57-year-old, who ...
The government today raised import tariff value on gold to $385 per 10 grams and silver to $543 per kg, taking cues from firm global price trends.During the last fortnight of March, the tariff value on imported gold was $375 per 10 grams and on silver at $512 per kg.The import tariff value is the base price at which customs duty is determined to prevent under-invoicing. It is revised on a fortnightly ...
After two day of losses, gold prices recovered by Rs 200 to Rs 26,775 per ten grams at the bullion market today on emergence of buying by jewellers and retailers at existing lower levels amid a firm global trend.Silver also found buying support and gained Rs 150 to Rs 37,350 per kg.Traders said apart from buying by jewellers at prevailing levels, a firm global trend as the dollar retreated, raising ...
By Sinead Carew NEW YORK (Reuters) - U.S. stocks fell for a second straight day on Wednesday and the dollar dipped after weaker-than-expected private sector employment data spurred concerns that the keenly awaited monthly U.S. jobs report on Friday could point to slowing economic growth. Oil futures rallied as U.S. stock builds came in at a lower level than feared and talks over Iran's nuclear ...
* Gold fell 2.4 pct in March, second monthly loss * Dollar falls after weaker-than-forecast ADP report * Investors await U.S. non-farm payrolls data on Friday * Silver rises most among precious metals in Q1, up 6 pct (Updates prices, adds comment) By Marcy Nicholson and Jan Harvey NEW YORK/LONDON, April 1 (Reuters) - Gold rallied 2 percent on Wednesday as the dollar retreated after a downbeat ...
A major update introduced by Whatsapp will now allow android users to make voice calls on the application. The feature, which had been teased for months, was introduced to select users earlier when the last update was rolled out a few weeks ago. However, it can now be availed by all, reported The Verge. The latest version of Whatsapp offers a cleaner layout with three tabs for Calls, Chats, and Contacts. ...
Mahindra & Mahindra Ltd, India's top utility vehicle maker, has stopped selling its pick-up trucks and sports utility vehicles in Brazil, a company executive told Reuters on Wednesday.Mahindra is withdrawing from Brazil after a sluggish economy, changes in regulation and a depreciating currency hurt sales, Pravin Shah, chief executive of Mahindra's automotive division and international operations, ...

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 Sinead Carew NEW YORK (Reuters) - U.S. stocks fell for a second straight day on Wednesday and the dollar dipped after weaker-than-expected private sector employment data spurred concerns that the keenly awaited monthly U.S. jobs report on Friday could point to slowing economic growth. Oil futures rallied as U.S. stock builds came in at a lower level than feared and talks over Iran's nuclear ...
By Neha Dimri and Liana B. Baker (Reuters) - GoDaddy Inc's shares rose as much as 34 percent in their debut on Wednesday, valuing the Web hosting and domain registration company at up to $5.48 billion, including debt. The company, backed by KKR & Co LP and Silver Lake Partners LP [SILAK.UL], raised $460 million after its initial public offering of 23 million class A shares was priced at $20 per ...
* S&P 500, Nasdaq ease off a 9th quarter of gains * ADP data misses estimates, raising payroll concerns * Indexes down: Dow 0.4 pct, S&P 0.4 pct, Nasdaq 0.6 pct (Updates to early afternoon) By Caroline Valetkevitch NEW YORK, April 1 (Reuters) - U.S. stocks eased on Wednesday as a pair of weaker-than-expected economic indicators spurred concerns over economic growth ahead of Friday's jobs ...
(Updates paragraphs 3,6 with number of firms lacking female director) By Nita Bhalla NEW DELHI, April 1 (Thomson Reuters Foundation) - Corporate India has made a mockery of an order to appoint women directors by recruiting wives, daughters and even stepmothers, analysts said on Wednesday as the deadline set by regulators for boosting gender diversity in the boardroom passed. The Securities ...
(Adds executive and analyst comments, details) By Aman Shah and Aditi Shah MUMBAI/NEW DELHI, April 1 (Reuters) - India's Mahindra & Mahindra Ltd has stopped selling pick-up trucks and sports utility vehicles in Brazil, seven years after it entered the market, due to factors including changes in local regulations, an executive said. India's top utility vehicle maker will continue to service customers ...
April 1 (Reuters) - Tvs Motor Company Ltd * March total sales 211,122, up 7 percent; March total exports 42,637 units * March total 2-wheeler sales 200,238 units, up 6 pct Source text: http://bit.ly/1aikhdY Further company coverage: (Reporting By Aby Jose Koilparambil) ...
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