Tag Archives: in

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Guess How Many Crores Indians Spent to Buy Gold in Last 10 Years

India’s love for gold has hurt the economy, experts say India is the world’s second biggest consumer of gold after China and three-quarters of the net imported gold into the country is bought by retail buyers for jewellery. Over the last 10 years, gold worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) has been bought ... Read More »

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Rupee Recovers 13 Paise Against Dollar in Early Trade

Mumbai: The rupee recovered from a 30-month low by rising 13 paise to 68.34 against the dollar at the Interbank Foreign Exchange in early trade today on fresh selling of the US currency by banks and exporters. Dealers said fresh selling of the American unit by exporters and banks supported the domestic currency but dollar’s strength against other currencies overseas, ... Read More »

Just Dial Extends Gain, Jumps Over 30% in Two Days

Shares of the internet search firm Just Dial jumped as much as 10 per cent on Thursday on top of yesterday’s 19 per cent gain. Including today’s gains, the stock has surged over 30 per cent in last two sessions. Gains in Just Dial shares follow an announcement of a buyback offer by the company. Under this buyback, the company ... Read More »

Sensex Rises Tracking Gains in Global Markets

Mumbai: India’s stock markets rose on Thursday, heading for their second straight day of gains, as stabilising crude oil prices lifted mining and energy firms, while stronger Asian stocks boosted investor appetite for riskier assets. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also ... Read More »

Uber Losing $1 Billion a Year to Compete in China

Uber Technologies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaidi, its chief executive said. The company’s Chinese business boosted its valuation last month to more than $8 billion after raising more than $1 billion in its latest funding round, but the US ride-hailing ... Read More »

In a Rare Move, Panasonic Gives Corporate Blessing to Same-Sex Marriages

Japan’s electronics maker Panasonic Corp said on Thursday it plans to change its company rules to recognise same-sex marriages, joining a growing trend toward acceptance in a country where being openly gay largely remains taboo. Panasonic said it is reviewing changes to its code of conduct that would ban discrimination based on sexual orientation. It is a rare move for ... Read More »

Apple Pay Launched in China, Takes on Country’s Internet Kings

Apple Inc launched its mobile payment system in China on Thursday in a bid to convince the hundreds of millions of users of the country’s entrenched, dominant services to switch. “We think China could be our largest Apple Pay market,” Jennifer Bailey, vice president of Apple Pay, told Reuters in an interview in Beijing. In an early boost, China’s biggest ... Read More »