Silver hits new record, gold declines

Sat, 04 Sep 2010 14:16:20 GMT

Gold prices declined further to close below the psychological Rs 19,000-level at the bullion market here today due to reduced buying interest from retailers at current levels amid profit booking following a bearish trend in global markets.

India's forex reserves swell to $282.84bn

Fri, 03 Sep 2010 13:05:32 GMT

After having declined for two consecutive weeks, country's foreign exchange reserves grew by USD 293-million to USD 282.84-billion from the week before's USD 282.55-billion.

US loses 54,000 jobs, Obama promises new package

Sat, 04 Sep 2010 06:12:03 GMT

As the US lost 54,000 jobs last month, President Barack Obama promised a new package of ideas next week on job creation and lashed out at Republicans for blocking a legislation to help small business.

BP spill costs hit $ 8bn as crews unearth clues

Sat, 04 Sep 2010 07:37:10 GMT

British oil giant BP has spent $ 8 billion to battle the Gulf of Mexico disaster, the company has revealed as its crews retrieved key evidence from the seabed.

Infosys open to foreigner as chief: Murthy

Fri, 03 Sep 2010 19:13:51 GMT

Infosys chairman and chief mentor Narayana Murthy on Friday said the company is open to a foreigner becoming his successor.

Sebi floats new rules to curb price volatility

Fri, 03 Sep 2010 19:18:14 GMT

Market regulator Sebi on Friday said that trading of shares of companies going for a merger, demerger or a change in capital structure will have to be done in a price range for the first 10 days of post-restructuring, in a move aimed at curbing volatility in trading of these scrips.

I failed to foresee subprime crisis: Bernanke

Fri, 03 Sep 2010 19:31:21 GMT

Ben Bernanke, who told Congress in 2007 that the subprime mortgage crisis was likely to be contained, said on Thursday that he had failed to recognize flaws in the financial system.

'India is a core strategic market for StanChart'

Fri, 03 Sep 2010 19:20:38 GMT

Switching over to banking from FMCG may not be the career path a sales manager in the consumer goods space would choose for himself.

US stocks rise after payrolls data

Fri, 03 Sep 2010 15:52:55 GMT

Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.

Rupee gains 8 paise to 2-week high against US dollar

Fri, 03 Sep 2010 13:45:40 GMT

The Indian rupee gained another 8 paise to end at a two-week high of 46.64/65 against the US dollar on Friday on selling of the American currency by exporters and banks.

Yatra.com launches maiden charter flight

Fri, 03 Sep 2010 15:27:34 GMT

Travel portal, Yatra.com on Friday launched its maiden charter flight to Andaman from the city with leisure tourists onboard the flight under the Amazing Andaman holidays' package.

Truck rentals dip 5-7% in Aug, 1st fall in 9 mths

Fri, 03 Sep 2010 19:31:28 GMT

After rising for a record nine months, truck rentals witnessed a fall by 5-7% on major trunk routes. Since October 2009, the truck rentals saw a cumulative rise of nearly 25%, before the decline in August.

Gold down to Rs 19300, silver touches year's high

Fri, 03 Sep 2010 10:53:08 GMT

Gold prices fell from record high levels, losing Rs 105 to trade at Rs 19,300 per ten grams in the national capital today on lack of support, while silver climbed to a year's high of Rs 31,150 per kg on industrial demand.

Sensex closes 29 points down

Fri, 03 Sep 2010 11:34:34 GMT

The BSE benchmark Sensex today took a breather and closed 29 points lower as rising food inflation evoked worries of a further rate hike by the RBI this month.

Food inflation marginally up at 10.86%

Fri, 03 Sep 2010 07:08:28 GMT

Annual food inflation rose marginally to 10.86 per cent for the week ended August 21, after the previous two-week decline, despite a fall in vegetables prices.

Silver hits new record, gold closes below Rs 19K level

Sat, 04 Sep 2010 14:16:20 GMT

Gold prices declined further to close below the psychological Rs 19,000-level at the bullion market here today due to reduced buying interest from retailers at current levels amid profit booking following a bearish trend in global markets.

BP spill costs hit $ 8bn as crews unearth clues

Sat, 04 Sep 2010 07:37:10 GMT

British oil giant BP has spent $ 8 billion to battle the Gulf of Mexico disaster, the company has revealed as its crews retrieved key evidence from the seabed.