Gold At 6-Month High As Fed Fans Inflation Risk
Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.
Fastest Growth in Services PMI in 6 Months
August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.
India’s FY13 Growth Forecast Slashed To 5.1%
Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.
Asian Markets Fall to a 4-Week Low Ahead of Jackson Hole Symposium
Asian stocks declined to a four-week low on Friday as investor sentiment was weighed down by fading optimism on U.S. Federal Reserve Chairman Ben Bernanke to announce more monetary stimulus at the Jackson Hole convention.
Nikkei Falls As Investors Cautious Ahead Of Jackson Hole Symposium
The Nikkei share average plunged Thursday on concerns that Ben Bernanke, the U.S. Federal Reserve chairman, will not announce imminent stimulus from the Fed in a key speech on Friday.
Asian Shares Hit 1-Mth Low, Euro Steady In Anticipation Of Bernanke's Speech
Asian shares hit a one-month low on growth concerns Thursday as investors await indications of further U.S. stimulus from the U.S. Federal Reserve Chairman Ben Bernanke’s on Friday. Meanwhile, the major currencies were range-bound.
Jamnagar Diesel Unit of Reliance to Close Down for Maintenance
Reliance Industries will close down a diesel hydrotreater at its 660,000 barrels per day (bpd) Jamnagar refinery in Gujarat for routine maintenance from Tuesday for about two and a half weeks.
Asian Stocks Ease Marginally, Euro Falls
Risk assets fell Tuesday with the investors awaiting an announcement of some monetary easing measures by the Fed at the meeting of central bankers and economists at Jackson Hole, Wyoming, later in the week.
Asian Stocks Fall But Stimulus Hopes Persist
Asian stocks fell Monday as it became apparent to investors that Europe's policymakers were still lingering on taking decisive action to contend with the euro zone debt crisis.
Santarus Takes Dr. Reddy's Labs to Court Over Drug Patent Infringement
Santarus Inc, the U.S. pharmaceutical company said it has filed a lawsuit against Dr. Reddy's laboratories for allegedly infringing its patents on Zegerid, a drug for heartburn.
US Ready to Sell F-35 Jet Fighters to India
The United States on Wednesday expressed interest in selling its most sophisticated fighter plane to India, just six months after New Delhi rejected two older U.S. warplanes.
Kingfisher Airlines Sought Cushion from Banks to Ease Debt Burden
Kingfisher Airlines on Wednesday sought further cushion from banks to ease its debt burden, but denied it was seeking another debt restructuring.
India Likely to Consider Eurozone Extra Financing
India could consider supporting extra financing for the euro zone if European policymakers make a credible assessment of its solvency problems, Finance Minister Pranab Mukherjee told reporters.
Formula One Biggies See Great Future in India
Formula One and India have the makings of a long and happy relationship after an inaugural grand prix that exceeded expectations.
Nargis Yadav of India Claimed as World's 7 Billionth Baby
Nargis Yadav lies in the arms of her mother in a small rural clinic in north India - one of seven billionth babies born around the world on Monday.
Consumers’ Confidence Highest in India - Study
Confidence was highest in India for a seventh straight quarter but India's reading fell 5 points from the second quarter and Saudi Arabia was catching up.
Sony pulling out of its LCD joint venture with Samsung?
Sony Corp, struggling with a loss-making television business, is in negotiations to pull out of its LCD joint venture with South Korea's Samsung Electronics in a bid to cut costs.
Lewis Hamilton Takes Risk of Dying in Formula One Race
On an Indian Grand Prix weekend where the sport is remembering Dan Wheldon and Marco Simoncelli, both killed in races in the last two weeks, Hamilton faced his own fears head on. He accepts the risk of dying in a Formula One car.
India Seize Server Linked to Duqu Computer Virus
Indian authorities seized computer equipment from a data center in Mumbai as part of an investigation into the Duqu malicious software that some security experts warned could be the next big cyber threat.
Sebastian Vettel Takes Record Pole for Red Bull
Red Bull set a Formula One record of 16 pole positions in a season when double world champion Sebastian Vettel lapped fastest in qualifying for the inaugural Indian Grand Prix on Saturday.
Maruti in Trouble: 60 Percent Fall in Q2 Profit
Maruti Suzuki, India's top automobile manufacturer, posted a larger-than-expected 60 percent fall in its quarterly profit. The company has been hit by labour unrest, rising interest rates and vehicle costs that has hurt demand in Asia's third-largest economy.
SBI Expects 100-125 bps Rise in Savings Bank Fund Costs
State Bank of India, the country's biggest lender, expects its average funding cost for savings bank accounts to rise 100-125 basis points.
Sweets in Demand Despite Silver Price Rise
An increase in the price of edible silver leaf has not deterred confectioners from presenting sweets rolled in fine sheets of silver called varq, during the long festive season that ends with Diwali celebrations this week.
Muammar Gaddafi Buried Secretly in a Desert
Muammar Gaddafi and his son Mo'tassim were buried in a secret desert location on Tuesday, five days after the deposed Libyan leader was captured, killed and put on grisly public display.
RBI Signals End of Tightening Cycle
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
Rift Between Shah Rukh and Arjun?
Speculations are obviously going to run high with the release date of Shah Rukh Khan's much-hyped film, Ra.One drawing near. News is doing the rounds that all is not well between Shah Rukh and Arjun Rampal.
Bangalore in no mood for shutdown
As Karnataka plunges into another political crisis, the capital city Bangalore seems to be in no mood for the BJP-called shutdown.
India's official Oscar entry 'Peepli Live' out of race for best foreign language film
India’s official entry to the Oscars in the best foreign language film category, Peepli Live, is now out of the race as the movie failed to reach the final list of nine films.
RBI allows banks to restructure unsecured loans to MFIs
The Reserve Bank of India (RBI) said it has allowed banks to restructure loans given to micro finance institutions (MFIs), even if they are not secured.
List of 2011 Golden Globes winners
The Social Network, Glee, Boardwalk Empire, and The Kids Are All Right were among the 2011 Golden Globe winners.