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A saleswoman displays a gold necklace at a jewellery showroom in Kolkata

Gold adds Rs 85 to Rs 29,650 on sustained buying
New Delhi: Gold prices rose for a third day in a row by adding Rs 85 to Rs 29,650 per 10 grams in the bullion market here on Tuesday on firm local demand. Silver, however, lacked necessary buying support at prevailing prices and shed Rs 50 to Rs 54,750 per kg. Traders said sustained buying by investors and stockists mainly led to the rise in gold prices. Gold of 99.9 and 99.5 per cent purity strengthened

Re fall has minor impact on India?s rating, says Moody's

The sharp fall in the value of the rupee against the dollar — the domestic currency crossed Rs 56 last week — had insignificant impact on India’s sovereign rating, Moody’s

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Banks' net interest margins to remain under pressure
A rise in cost of deposits has resulted in a significant drop in net interest margin (NIMs) of banks in consecutive quarters. They expect NIMs to fall in the current financial year, too.

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Rupee slump costly for India Inc convertible bonds

When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an

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Rupee fall won't hurt India's ratings: Moody's

Moody's Investors Service says the depreciating rupee will only have a "limited" impact on India's sovereign ratings, as only 7 percent of total government debt is placed overseas, comprising 5 pct of

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Rupee slump costly for $5.5 bln in convertible bonds