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August 2016

Gold firm on lower dollar, eyes on U.S. rate hike signals

August 15, 2016 by shekarm

Gold rose on Monday as the dollar edged lower after sluggish U.S. retail sales data lowered expectations of a U.S. interest rate increase this year.

MRPL to shut secondary units in Sept-Oct for maintenance work - sources

August 15, 2016 by shekarm

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to shut its gasoil hydro-desulphuriser and a hydrocracker next month for maintenance, two industry sources said.

Silver, gold outshine stocks with returns of up to 41%

August 15, 2016 by shekarm

Shining brighter than stocks, gold and silver have given up to 41 per cent return to investors since the beginning of this year.

Gold and silver prices have surged by 22.29 per cent and 40.69 per cent respectively, so far in 2016.

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Modi assures middle class of an end to tax terrorism

August 15, 2016 by shekarm

Prime Minister Narendra Modi today assured tax payers that he will remove the fear of taxman hounding them by ushering in accountability and answerability.

"Middle class, upper middle class used to be hassled with I-T officers, more than police.

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NMDC eyes selling 35 MT iron ore this fiscal

August 15, 2016 by shekarm

The country's largest iron ore miner NMDC aims to increase its sales by 21 per cent to 35 million tonnes (MT) in the current fiscal.

The state-run firm also envisages raising iron ore production by 24 per cent to 35 MT in 2016-17 from 28.32 MT in 2015-16, NMDC Chairman and Managing Director (CMD) Bharthi S Sihag was quoted as

Will keep inflation in check, stay away from populism: Modi

August 15, 2016 by shekarm

Vowing to keep inflation under control, Prime Minister Narendra Modi today said he has tried to stay away from populism which the past regimes practiced to get recognition while "emptying the exchequer".

Giving the 'reform, perform and transform' slogan in his third Independence Day address, Modi said the government has to be

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Asia shares recoup losses as China hits 7-month top

August 15, 2016 by shekarm

Asia shares recoup losses as China hits 7-month top

Japan's economy stalls in April-June, casts doubts on Abe's policies

August 15, 2016 by shekarm

Japan's economy stalls in April-June, casts doubts on Abe's policies

NSE to delist 14 companies from its platform from August 31

August 15, 2016 by shekarm

  • NSE to delist 14 companies from its platform from August 31

Oil extends gains above USD 44 on output freeze hopes

August 15, 2016 by shekarm

Oil extends gains above USD 44 on output freeze hopes


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