INDIA

Gold and silver bullion

Gold Holds Gains but Heads for Worst Month Since Oct. '08

Gold jumped more than 1 percent on Friday after Germany's approval for expanding the euro zone bailout fund offered temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
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Trade Minister Anand Sharma in New Delhi December 14, 2009. Sharma said on Tuesday a dispute over restrictions on the import of Chinese telecoms equipment will not hurt commercial ties between the world's two fastest-growing economies.

India Says Agrees to Boost Trade With Pakistan

India and Pakistan agreed on Wednesday to further liberalise trade flows with tentative moves such as opening a second customs post and issuing more visas, seen as bolstering a fragile peace process between the two nuclear-armed rivals.

Supermarket FDI Plan Moving 'Very Fast'

India is moving quickly on a plan to open its $450 billion retail sector to global players such as Wal-Mart, the country's industry secretary said on Wednesday, in a sign the government may be pressing ahead with a key reform.
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High Energy Prices Limit India Monetary Policy - RBI Deputy Gov

Global energy prices that have remained steadily high restrict the elbow room for monetary policy response, deputy governor of the Reserve Bank of India said, highlighting the uphill task the bank faces in its fight against stubbornly high inflation.
British Petroleum

BP May Sell Some Global Assets to RIL - Report

BP will discuss divesting some of its assets in Europe and North America to Reliance Industries as it seeks to deepen its partnership with India's largest private sector company, the Economic Times reported on Thursday, citing the Brtish group's chief executive.
Kingfisher Airlines

Kingfisher Air to Exit Low-Cost Business

Debt-strapped Kingfisher Airlines plans to exit its low-cost business in the next four months and focus on the premium model, Chairman Vijay Mallya said, breaking with rival carriers which are mostly betting on the budget space.
WHO Air Pollution Survey

Air Pollution - U.S., Canada Cities Least; Iran Most: WHO

Major cities in Iran, India, Pakistan, and Mongolia rank among the worst on the planet for air pollution, while major cities in the United States and Canada are among the cleanest, according to a new World Health Organization survey.
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Gold Prices Rebound More Than 3%, Dollar Falling

Gold prices rose more than 3 percent on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses and after an early rout in the previous session tempted price-sensitive physical buyers back to the market.
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India's Commodity Exchanges: Will Politics Hinder Growth?

India's commodity exchanges are poised for steady growth over the next few years after annual turnover more than quintupled to $2.5 trillion since futures trading started in 2003, but political hurdles hinder more dramatic development.
The image shows the torpedo hole in the area in which German U-boat Captain

WW II-Era Shipwreck with Silver Worth $200 Million Found (PHOTOS)

The wreck of a World War II-era British cargo ship, whose holds are believed to be filled with seven million ounces of silver, has been discovered approximately 4,700 meters below the surface of the North Atlantic Ocean. At today's value, the cargo is worth in excess of $200 million.

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