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Business

Restrictions on gold imports to be reviewed by March end: FM

The restrictions on gold imports will be reviewed by March end, Finance Minister P Chidambaram said on Monday. “I am confident that by the end of this year we will be able to revisit some of the restrictions on gold import but we will do so only when we are absolutely sure that we have […]

Stock & Share

Sensex tumbles by 311 points on weak global cues

The S&P BSE benchmark Sensex tumbled by 311 points in the late morning trade on persistent selling pressure triggered by fall in the global market coupled with foreign capital outflows. Cautious approach of investors ahead of the Reserve Bank of India’s quarter review of Monetary Policy at 1100hrs on Tuesday also affected the market sentiment. […]

Business

Economic fundamentals strong, no cause for concern: Govt

Seeking to assuage investors worried over declining value of the rupee and falling stock markets, the Finance Ministry on Monday said country’s economic fundamentals are “very strong” and there is no cause for concern. “Current Account Deficit (CAD) is below USD 50 billion. Foreign exchange reserves are (at) all-time high. We have very strong fundamentals…I […]

Business

AAI employees to conduct ballot to take call on general strike

With the government still going ahead on privatisation of six more airports despite general elections around the corner, state-run Airports Authority of India (AAI) employees will conduct a “strike ballot” on February 10 to decide on a general strike against the move. A strike ballot is a secret ballot conducted among members of a union […]

Business

Tata Motors MD Karl Slym dies after falling from hotel floor

Tata Motors Managing Director Karl Slym on Sunday died after apparently falling from a hotel building in Bangkok where he had gone to attend a board meeting of the company’s Thailand arm. According to a company spokesperson, Slym seems to have fallen from a higher floor of a hotel in Bangkok. The post-mortem will take […]

Banking

Bank of India CMD receiving the MSME Banking Excellence Awards-2013

Bank of India got an award in the Award ceremony of the MSME BANKING EXCELLENCE AWARDS- 2013 which was held at Hotel Taj Mahal, Man Singh Road, New Delhi, 9th January, 2014. The commendable work of the Commercial Banks in supporting and rejuvenating the MSME sector is a well known story. Such good work must […]

Markets

CapitalVia Global Research Ltd. Commodity market outlook

By Mr. Vivek Gupta- Director Research Commodity market outlook Precious metal:- Gold prices rose slightly on Friday after weekly jobless claims data revealed the U.S. labour market still faces potholes along its road to recovery and will enjoy support from Federal Reserve stimulus programs and low interest rates for the foreseeable future. Gold’s move in […]

Stock & Share

Sensex retreats from record high,drops 240 pts on rate concerns

The BSE benchmark index Sensex on Friday dropped by 240.10 points from record high levels, posting its second biggest drop this year due to profit booking by investors and concerns that RBI may keep its policy rates high to control inflation. Weak global trends following poor economic data in the US and China also impacted […]

Markets

CapitalVia Global Research Ltd. ” Equity market outlook”

By Mr. Vivek Gupta – Director Research Equity market outlook The Indian Equity benchmark index Nifty retested the crucial 6,300 levels on week’s last trading session and reversed back.Nifty traded in red on the last trading session amid weak global cues Nifty Jan fut gave weekly closing on a flat note at 6277 and 30 […]

Business

BRICS insist economies still strong despite turbulence

Ministers from the BRICS economies defended their growth prospects on Thursday despite waves of turbulence caused by the tightening of monetary stimulus in the US and concerns about a potential cash crunch in China. “I still believe that the BRICS will continue to lead the global economy,” said Guido Mantega, the Brazilian finance minister, while […]