Snapping a three day losing streak, gold prices recovered by Rs 100 to Rs 27,050 per 10 grams in the national capital on Saturday, on scattered buying by retailers at prevailing lower levels. Silver also advanced by Rs 200 to Rs 44,300 per kg on increased
Documentation for booking of forward contracts up to $200,000 is also being simplified Amid the rupee touching nearly 9-month low against the U.S. dollar, the Reserve Bank of India (RBI), on Friday said it would continue to take steps to check excessive
Falling for the sixth day in a row, the rupee on Friday ended 4 paise lower at a fresh six-month low of 55.63 against dollar on sustained demand of US currency from exporters and some banks, amid capital outflows in stocks. On a weekly basis, the rupee
Leading bourse National Stock Exchange (NSE) on Friday said it will scale down securities transaction tax (STT) in the capital market segments from June 1. The revision is as per the Finance Act 2013, which received Presidential assent on May 10. Intr
The price of oil was knocked below $94 a barrel on Friday by a combination of ample supplies and lukewarm demand. By early afternoon in Europe, benchmark oil for July delivery was down 70 cents to $93.55 a barrel in electronic trading, on the New York Merc
Finance Minister P Chidambaram, concerned over erosion of confidence among small investors, asked SEBI to regulate the market fearlessly, to protect their interests, and not to “bow” or “bend” before anyone.“Win confidence of small investors. It is when a
Terming unauthorised raising of funds by various entities from the public as a critical area of concern, SEBI Chairman U K Sinha on Friday promised strict action against such schemes and sought continuing support from the government for the benefit of the
World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan’s Nikkei, which had led the previous day’s losses with a plung
Rising for the first time this week, the BSE benchmark Sensex on Friday rose by 30 points, boosted by a 5 per cent jump in Tata Steel and gains in fundamentally strong stocks led by consumer durables and metals.The 30-share index commenced the day on a st
