Monday, August 27, 2012

First-time gold buyers’ club getting younger

First-time gold buyers’ club getting younger


First-time gold buyers’ club getting younger

Posted: 27 Aug 2012 12:21 PM PDT

Gold has been scaling new highs, pulling down the demand – it touched a record Rs 31,077 per 10 grams in Mumbai on Monday before closing at Rs 30,920. Yet, the club of first-time buyers of the precious metal is getting younger.


GDP growth may have fallen to 4.9% in Q1

Posted: 27 Aug 2012 12:19 PM PDT

India's GDP growth rate may have fallen to as low as 4.9% on an annual basis during the first quarter of the current fiscal, thanks to the policy slowdown, low business confidence leading to muted investments and weak exports amid a weak global economic scenario.


Sebi slashes demat account charges

Posted: 27 Aug 2012 11:51 AM PDT

Market regulator Sebi on Monday drastically cut annual charges for small investors on their investments in demat form in a bid to encourage wider retail participation in the stock market and promote financial inclusion.


Private power tariffs can be raised: Attorney general

Posted: 27 Aug 2012 11:48 AM PDT

The country's highest law officer has cleared the way for a hike in tariff of electricity from private producers by saying the central regulator can reopen long-term supply agreements in cases such as rise in fuel price.


Rupee falls to 1-week low

Posted: 27 Aug 2012 05:49 AM PDT

The rupee fell to its lowest in a week as oil refiners bought dollars and on growing worries a gridlocked parliament will delay the passage of policy reforms.


Spectrum auction to start from Nov 12: DoT

Posted: 27 Aug 2012 05:40 AM PDT

The SC today extended the time for completing the auction of spectrum by January 11, 2013, from earlier deadline of August 31.


Gold price touches Rs 31,400

Posted: 27 Aug 2012 05:28 AM PDT

Gold prices touched all time record of Rs 31,400 per 10 grams in the bullion market here on strong cues from global markets.


RBI snubs SBI chief on CRR comments

Posted: 27 Aug 2012 04:14 AM PDT

A top RBI official snubbed SBI chairman Pratip K Chaudhuri for his remarks suggesting abolition of Cash Reserve Ratio, bluntly telling him that he has to find "some other place" if he could not work as per the central bank's regulatory environment.


Economy is in need of rescue: Adi Godrej

Posted: 27 Aug 2012 04:12 AM PDT

CII president Adi Godrej said the current macro-economic conditions are grimmer than what it was in 2008-09, the peak of the last downturn.


Sensex closes 105 points lower

Posted: 27 Aug 2012 04:08 AM PDT

A benchmark index of Indian equities markets closed 105 points lower after heavy selling in realty, bank and capital goods stocks.


No major OnMobile shareholder is exiting: Co-founder

Posted: 27 Aug 2012 01:40 AM PDT

OnMobile's major investors have no intention to exit the company, its co-founder and managing director Mouli Raman told TOI on Monday.


Sensex down 31 points; banking, realty stocks fall

Posted: 27 Aug 2012 01:31 AM PDT

A benchmark index of equities markets was trading 31 points lower in afternoon trade on Monday after heavy selling in banking, realty and capital goods stocks.


Ping Pong to open outlet in Mumbai in December

Posted: 27 Aug 2012 01:05 AM PDT

UK-based restaurant chain Ping Pong, which specialises in dim sum, will make Asian debut in December through an outlet in Mumbai.


Rupee recovers some early losses

Posted: 26 Aug 2012 11:12 PM PDT

The rupee recovered some initial losses on Monday but was still down nine paise at 55.59 against the US dollar.


Gold hits record high on global rally

Posted: 26 Aug 2012 10:13 PM PDT

Gold contract extended gains on Monday morning to hit a record high of 31,077 rupees per 10 grams, following a rally in the world markets and on a weak rupee.


Gold hits record high on global rally

Posted: 26 Aug 2012 10:13 PM PDT

Gold contract extended gains on Monday morning to hit a record high of 31,077 rupees per 10 grams, following a rally in the world markets and on a weak rupee.


Rupee down 13 paise against dollar

Posted: 26 Aug 2012 09:35 PM PDT

The rupee fell by 13 paise to Rs 55.63 against the dollar in early trade today on the Interbank Foreign Exchange due to strengthening of the American currency against euro overseas.


Sensex gains 28 pts in early trade

Posted: 26 Aug 2012 09:29 PM PDT

The BSE benchmark Sensex rose by marginally by over 28 points in early trade today on emergence of buying by funds and retailers amid a mixed trend on Asian bourses.


Gold recycling picks up

Posted: 26 Aug 2012 11:39 AM PDT

When Sanjay Sharma, a professor, decided to purchase a diamond ring for his wife, he preferred to buy one in exchange for a gold chain he had bought almost two decades ago.

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