Mumbai: Gold importers in India, the world's biggest buyer of the metal, continued picking up bargains for weddings as a stronger rupee weighed on the yellow metal, extending losses to the lowest level in nearly two weeks. The wedding season will continue till early January and gold is an important gift item at marriages. The actively traded gold for February delivery on the Multi Commodity Exchange was 0.52 Per cent...
03:18 PM, Dec 19, 2012
Thiruvananthapuram: Even as the Congress-led government in Kerala tries hard to bring down skyrocketing prices of rice, Left parties have decided to take on the government over the issue. Rice is considered the staple food in the southern state but in the last four years, prices of the grain have more than doubled -- from Rs 19.70 to Rs 48 per kg. Prices of common rice varieties have gone up...
04:59 PM, Dec 18, 2012
Chennai: French auto-major Renault plans to increase prices of its automobiles in India by up to 1.5 per cent with effect from January 1, 2013 due to high input costs. "We have to follow suit with the rest of the industry as input costs have gone up tremendously... we are forced to pass on some of the burden to our customers as high input cost, coupled with high inflation are...
04:00 PM, Dec 18, 2012
Mumbai: The Reserve Bank of India is expected to keep interest rates on hold on Tuesday despite government pressure for a cut, sticking to its guidance that it will not ease monetary policy before early next year as cooling inflation is still too high for comfort. The RBI has kept its key borrowing rate at 8 per cent since April, defying calls from business and politicians to do more to...
09:49 AM, Dec 18, 2012
Washington: US President Barack Obama is expected to nominate Senate Foreign Relations Committee Chairman John Kerry to succeed Hillary Clinton as secretary of state, a source familiar with the process said on Saturday. Kerry, the Democratic nominee for president in 2004 and a stalwart Obama supporter, had been widely tipped as the likely candidate for top US diplomat following the withdrawal last week of US ambassador to the United Nations...
09:50 AM, Dec 16, 2012
Washington: Susan Rice, the US ambassador to the United Nations and a close confidante of President Barack Obama, withdrew her name from consideration as secretary of state on Thursday in the face of what promised to be a difficult Senate confirmation battle. Rice has drawn heavy fire from Republicans for remarks she made in the aftermath of a September 11 attack on the US mission in Benghazi, Libya, in which...
08:34 AM, Dec 14, 2012
New Delhi: The Cabinet on Thursday approved a 30 per cent cut in the reserve price for sale of mobile phone spectrum in four zones that went unsold in the recent damp-squib auction. Airwaves in Delhi, Mumbai, Karnataka and Rajasthan found no takers in the previous auction as bidders found the prices too high. Subsequently, a ministerial panel recommended a 30 per cent cut in the base or reserve price...
09:07 PM, Dec 13, 2012
New Delhi: Rising for the second consecutive month, retail inflation surged 9.90 per cent in November driven mainly by rising prices of food items such as sugar, vegetables, edible oil and clothing. The retail inflation was 9.75 per cent in October and 9.73 per cent in September. The highest price rise in November was seen in the oil and fats segment with an annual inflation of 17.67 per cent, as...
01:36 PM, Dec 12, 2012
Mumbai: Days ahead of the mid-quarter review of the monetary policy on December 18, RBI Deputy Governor Subir Gokarn on Saturday said inflation continues to the primary concern for the central bank. His comments come amid growth in the second quarter falling to 5.3 per cent in July-September period, triggering demands for a rate cut by the RBI to boost the economy. RBI should not do anything that provide some...
01:49 AM, Dec 09, 2012
Ahmedabad: Leader of the Opposition in Lok Sabha Sushma Swaraj on Saturday alleged the Centre's failure in checking the price rise has resulted in snatching the common man's meal. "On the one hand, the government at the Centre is neck deep into corruption and on the other...sustained price rise has made the common man's life miserable...how can people run their homes amidst a soaring price rise scenario"? Swaraj said while...
12:27 AM, Dec 09, 2012
New Delhi: The country's largest car maker Maruti Suzuki India on Thursday said it will increase the prices of its vehicles across all models by up to Rs 20,000 from January due to increasing pressure on its margins due to currency fluctuation. "There will be a hike in the prices of our products. Quantum will vary depending on models, but it can be up to Rs 20,000," Maruti Suzuki India...
02:11 PM, Dec 06, 2012
Kotkasim: The government has labelled direct cash transfer of subsidies a game changer. To do a ground check, CNN-IBN travelled to Alwar and found that cash transfer of the subsidy in kerosene has not been a roaring success. Beneficiaries complain they have received money only till May. Mori Devi is back to cooking with firewood because she can no longer afford kerosene. Till December 2011, her family used to get...
07:30 AM, Nov 28, 2012
New Delhi: Gold prices on Monday set a fresh all-time high of Rs 32,950 per 10 grams in Delhi on persisting demand from stockists and jewellers amid continuing weakness in rupee, dampening retail shopping in ongoing wedding season. Gold of 99.9 and 99.5 per cent purity added Rs 100 each to Rs 32,950 and Rs 32,750 per 10 grams, respectively in the bullion market here. Sovereigns held steady at Rs...
11:03 AM, Nov 27, 2012
New Delhi: Gold prices on Monday surged by Rs 100 to all-time high of Rs 32,950 per 10 grams in New Delhi on sustained demand from stockists and retailers to meet the rising requirements during the ongoing wedding season. The previous record of gold price was Rs 32,900, set on September 14. Silver also rose by Rs 200 to Rs 63,200 per kg on increased offtake by industrial units. Traders...
04:54 PM, Nov 26, 2012
The West Indies batsman scored 260 against Bangladesh in the ongoing second Test at Khulna. ...
02:44 PM, Nov 24, 2012
New Delhi: The all-party meeting called by Lok Sabha Speaker Meira Kumar on Tuesday ahead of the Winter Session is over and the government still has not acceded the Opposition's demand for a vote on FDI in retail. From what the Opposition politicians are hinting, it seems headed for a stormy scenes in the House. Leader of Opposition in Lok Sabha Sushma Swaraj said after the meeting that voting on...
06:48 PM, Nov 21, 2012
New Delhi: The UPA government is not worried about the proposed no-confidence motion and is confident of the support of over 300 MPs in the Lok Sabha, say sources. While the UPA claims to enjoy the support of several parties who are not part of the alliance formally that takes it past the half-way mark of 273 in the 545-member Lok Sabha, even Trinamool Congress chief Mamata Banerjee is confident...
12:29 PM, Nov 20, 2012
New Delhi: Notwithstanding the slight decline in Wholesale Price Index (WPI) inflation in October, inflationary pressures are likely to continue in the months ahead and may touch 8.2 per cent by the year end, says a report. According to a research note by Morgan Stanley, WPI inflation is likely to accelerate to around 8-8.2 per cent by December 2012 before moderating to the 7-7.5 per cent level by the quarter...
10:42 AM, Nov 18, 2012
Pune: Reserve Bank of India (RBI) Governor Duvvuri Subbarao on Friday virtually ruled out an early rate cut, saying inflation is still "quite high" and the central bank is on a high alert. "At 7.45 per cent, inflation is certainly quite high," Subbarao told reporters on the sidelines of an event in Pune. Subbarao said the RBI was concerned about inflation as well as the slowdown in the economic growth....
12:18 AM, Nov 17, 2012
