Wednesday, August 25, 2010

Gold demand surges 94% in H1

Gold demand surges 94% in H1

Gold demand surges 94% in H1

Posted: 25 Aug 2010 11:52 AM PDT

India's consumption of gold rose 94% to 365 tonnes in the first half of 2010 as against 188.4 tonnes in the same period last year, showing a revival in the demand for yellow metal in the country.

Indian diamond traders, US body lock horns

Posted: 25 Aug 2010 12:16 PM PDT

A battle of supremacy has erupted in the diamond world with Surat's diamantaires locking horns with US-based Rapaport Diamond Trading Network (RapNet), an industry diamond price and information provider, over sourcing rough gemstones from Zimbabwe.

Indian engineers to make JLR engines

Posted: 25 Aug 2010 11:59 AM PDT

Famed Indian engineering is set to design the heart of British marque brands Jaguar and Land Rover (JLR) as Tata Motors, that bought them in 2008 from Ford, looks at joint development of compact engines with JLR.

Insurers cannot refuse cashless cover midway

Posted: 25 Aug 2010 12:00 PM PDT

Medical policy holders undergoing treatment can continue to enjoy cashless benefit even if the hospital where they are admitted is delisted by insurers from cashless cover.

High attrition rate hits IT companies' bottomlines

Posted: 25 Aug 2010 12:14 PM PDT

Bad things happen in good times too. Indian IT companies are finding it hard to recruit and retain employees as the recovery takes a definite shape.

Adanis ink mining pact with Indonesia

Posted: 25 Aug 2010 12:10 PM PDT

In a bid to source coal to India from Indonesia, Ahmedabad-based Adani Group signed a $1.65-billion deal with Indonesian government and a mining company PT Bukit Asam to set up rail and port infrastructure there.

'Indian performance affects global performance'

Posted: 25 Aug 2010 12:02 PM PDT

Levi Strauss & Co, a leading global apparel company, has been in India for the past 15 years, quietly getting to know the Indian consumer and ramping up its business.

China to allow foreign investment in media

Posted: 25 Aug 2010 07:11 AM PDT

China is now ready to permit foreign companies to invest in local newspapers and magazines provided they do not interfere with the editorial policy, a top official said on Wednesday.

Gold zooms to touch over 2-month high

Posted: 25 Aug 2010 06:35 AM PDT

Gold prices zoomed by Rs 225 per ten grams to touch a two-and-a-half month high of Rs 18,915 at the bullion market here today on the back of frantic buying from stockists and speculators driven by a rally in global markets.

Rupee gains 4 paise against dollar

Posted: 24 Aug 2010 09:31 PM PDT

The rupee on Wednesday appreciated by 4 paise to Rs 46.86 a dollar at the Interbank Foreign Exchange market in early trade, on sale of dollars by banks.

Oil edges higher in Asia

Posted: 24 Aug 2010 09:23 PM PDT

Oil recovered in Asian trade today but prices remained under USD 72 amid worries about the fragile US economy, analysts said.

HP, Microsoft extend cloud partnership

Posted: 25 Aug 2010 12:23 PM PDT

Microsoft and HP have extended to India a partnership on building cloud infrastructures that it first announced globally in January.

China to allow foreign investment in media

Posted: 25 Aug 2010 12:06 PM PDT

China is now ready to permit foreign companies to invest in local newspapers and magazines, provided they do not interfere with the editorial policy, Liu Binjie, minister for general administration of press & publication, said on Wednesday.
Posted by Harshad at 9:22 PM

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