The gold rush: demand for yellow metal rose by 25%

The gold rush: demand for yellow metal rose by 25%
Silver surges to Rs 56,600, all-time high
Now, pay income tax at an ATM
Microsoft files complaint against Google
FII investment cap in infra bonds up 5 fold
Chennai to generate 4.40 lakh more jobs
Sridharan named interim chairman of SBI
Ruias make Rs 22,000cr cash
Now, pay income tax through ATM
Indian book of jobs in US: 60,000 and adding
Boeing received banned US subsidies: WTO
Indian companies have saved thousands of jobs in the US: Report
Rupee up by 15 paise against dollar on heavy FII inflow
Sensex up 155 points on FII inflows
Govt liberalises FDI policy to boost inflows
Essar exits Vodafone-Essar JV for $5 billion
Sensex hits 19500; Hero Honda, TCS, Infosys up
Food inflation at 9.50% on March 19

Posted: 31 Mar 2011 05:33 PM PDT

India's gold rush is getting stronger. The cumulative demand for the yellow metal in the country is estimated to increase to over 1,200 tonnes or approximately Rs 2.5 trillion by 2020 at the current price levels, according to a report titled 'India: Heart of Gold' released by the World Gold Council (WGC) on Thursday.

Silver surges to Rs 56,600, all-time high

Posted: 31 Mar 2011 05:23 PM PDT

Surpassing all previous records, silver soared to an all-time high of Rs 56,600 per kg in the national capital today on heavy buying by stockists and industrial units, sparked by a rising global trend.

Now, pay income tax at an ATM

Posted: 31 Mar 2011 05:21 PM PDT

No forms, no queues. Just go to your ATM and pay your income tax. The government on Thursday launched the new facility for tax payment and said it was to begin with open only to Union Bank of India customers but will be extended to other banks.

Microsoft files complaint against Google

Posted: 31 Mar 2011 05:20 PM PDT

Microsoft filed a formal complaint with European antitrust regulators about Google Inc. (GOOG)'s dominance of the Internet search market in the region. Google bars competitors from accessing its YouTube video site for search results and has kept phones running Microsoft's operating system from working properly with YouTube, Microsoft said in a blog posting by Counsel Brad Smith.

FII investment cap in infra bonds up 5 fold

Posted: 31 Mar 2011 05:15 PM PDT

Following up on finance minister Pranab Mukherjee's budget announcement, the Securities & Exchange Board of India (Sebi) on Thursday allowed foreign institutional investors (FIIs) to invest $25 billion a year in bonds issued by infrastructure companies as against $5 billion. Following the move, FIIs can now invest $40 billion annually in corporate bonds.

Chennai to generate 4.40 lakh more jobs

Posted: 31 Mar 2011 04:40 PM PDT

Chennai, along with Mumbai and Delhi-NCR, ranks among the top three in the list of cities that will generate maximum number of jobs in 2011, a survey said.

Sridharan named interim chairman of SBI

Posted: 31 Mar 2011 12:57 PM PDT

The government's inaction has meant that State Bank of India, the country's largest lender with 25% market share, will not just remain without a full-time chairman but also have four of the five executive positions on the board going vacant.

Ruias make Rs 22,000cr cash

Posted: 31 Mar 2011 12:15 PM PDT

Shashi and Ravi Ruia of Essar, the two multi-billionaire brothers at the helm of a steel-to-shipping conglomerate, just got a whole lot richer. On Thursday, they decided to sell their 33% stake in Vodafone Essar Ltd for $5 billion (around Rs 22,000 crore) and exit the mobile telephony joint venture.

Now, pay income tax through ATM

Posted: 31 Mar 2011 12:08 PM PDT

Indian book of jobs in US: 60,000 and adding

Posted: 31 Mar 2011 08:38 AM PDT

A checklist of what India Inc was doing for US: employing 60,000 people across 40 states, more than four-fifths hired locally.

Boeing received banned US subsidies: WTO

Posted: 31 Mar 2011 08:31 AM PDT

Planemaker Boeing received at least $5.3 billion of dollars of banned US subsidies, the World Trade Organization said on Thursday.

Indian companies have saved thousands of jobs in the US: Report

Posted: 31 Mar 2011 06:47 AM PDT

Based on a survey of 35 companies, the study concluded that since 2005, nearly two-thirds of Indian firms have added jobs to their US operations.

Rupee up by 15 paise against dollar on heavy FII inflow

Posted: 31 Mar 2011 06:27 AM PDT

The rupee on Thursday rallied for the third straight session to end higher by 15 paise at nearly a four-and-a-half month high of 44.59/60 against the US currency on frantic buying by foreign funds.

Sensex up 155 points on FII inflows

Posted: 31 Mar 2011 04:23 AM PDT

The BSE Sensex moved up for the eighth straight session on Thursday- the longest stretch of upward march since last April - adding 155 points to close above 19,445 on steady FII inflows and easing inflation amid firm global trends.

Govt liberalises FDI policy to boost inflows

Posted: 31 Mar 2011 03:56 AM PDT

In a major policy reform, the government on Thursday announced flexibility for Indian companies to raise overseas capital but plugged the loopholes for back door FDI entry breaching sectoral caps.

Essar exits Vodafone-Essar JV for $5 billion

Posted: 31 Mar 2011 03:23 AM PDT

Putting an end to the corporate battle, UK-based Vodafone on Thursday announced it would exercise the option to acquire its Indian partner Essar's 33 per cent stake which will result in payment of USD five billion.