Saturday, June 2, 2012

Gold crosses Rs 30k mark as investors play safe

Gold crosses Rs 30k mark as investors play safe


Gold crosses Rs 30k mark as investors play safe

Posted: 02 Jun 2012 04:12 PM PDT

Gold scaled the Rs 30,000 level for the first time in the domestic market as international prices went up on a rush towards the yellow metal with the weakening rupee adding to the burden.


TN may get Mahindra’s $1billion auto plant

Posted: 02 Jun 2012 03:48 PM PDT

Irked by the Maharashtra government's decision to withdraw a sales tax incentive for the Chakan auto hub, Mahindra & Mahindra is looking at a new location for its new $1billion automobile plant.


Ports lured Maruti to Gujarat

Posted: 02 Jun 2012 01:14 PM PDT

India's largest carmaker Maruti Suzuki India Ltd. on Saturday signed an agreement with Gujarat government to set up a car plant at Hansalpur in Ahmedabad.


How Morgan Stanley sank to junk pricing

Posted: 02 Jun 2012 10:42 AM PDT

The bond markets are treating Morgan Stanley (MS.N) like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month.


Big Four to audit Spain's banking sector

Posted: 02 Jun 2012 10:39 AM PDT

Spain has picked the "Big Four" accounting firms KPMG, PwC, Deloitte and Ernst & Young to carry a full, individual audit of its ailing banks, a source with knowledge of the decision told Reuters on Saturday.


India's forex reserves drop by $1.74 billion

Posted: 02 Jun 2012 02:00 AM PDT

India's foreign exchange reserves fell by $1.74 billion to $290 billion for the week ended May 25, the Reserve Bank of India data showed on Saturday.


Grim US jobs report raises growth fears

Posted: 02 Jun 2012 12:12 AM PDT

The United States added a scant 69,000 jobs in May and the unemployment rate rose for the first time in almost a year, the government said in a report spelling more trouble for President Barack Obama's reelection.


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