Gold slips below Rs 26,000-mark on weak demand, global cues

Last Updated: Saturday, September 12, 2015, 15:39

Standard gold (99.5 purity) declined by Rs 40 to finish at Rs 25,960 per 10 grams from Friday's closing level of Rs 26,000.

Sensex, Nifty snap 4-week losing streak on fresh buying

Last Updated: Saturday, September 12, 2015, 13:18

The Sensex resumed higher at 25,302.98 but declined immediately below 25,000-mark for the first time in 15 months to 24,833.54 on Tuesday on Chinese worries.

RBI consultant Gangadhar Darbha passes away in office

Last Updated: Friday, September 11, 2015, 23:12

Algorithmic trade specialist Gangadhar Darbha, who joined RBI as a consultant only last week, passed away Friday following cardiac arrest while at work at the central bank's headquarters here.

IIP July output grows 4.2%; India Inc pitches for rate cut

Last Updated: Friday, September 11, 2015, 23:09

With industrial output growing at 4.2 percent in July, India Inc Friday said it indicates a revival in industrial activity and reiterated the demand for a rate cut by the RBI to provide a fillip to industrial growth.

TRAI dispels fear about mobile tower radiations

Last Updated: Friday, September 11, 2015, 22:43

Sectoral regulator TRAI Friday sought to dispel fears of mobile tower radiation causing serious health problems and said the studies conducted by it do not corroborate this claim.

Ease of doing business is a challenge in India: Diageo CEO

Last Updated: Friday, September 11, 2015, 21:55

Stating that ease of doing business is a 'challenge' in India, world's largest spirits maker Diageo's CEO Ivan Menezes today said it has to be 'significantly' improved.

RBI likely to cut rate on falling inflation: Moody's

Last Updated: Friday, September 11, 2015, 18:45

Reserve Bank is likely to cut interest rate as the wholesale price-based inflation is expected to decline further to 4.3 percent in August, Moody's Analytics said Friday.

Toyota enters used car auction business in India

Last Updated: Friday, September 11, 2015, 17:49

Japanese auto major Toyota Friday announced its foray into used car auction business in India with the launch of 'Toyota Auction Mart'.

Sovereign gold bond scheme more likely to succeed: Nomura

Last Updated: Friday, September 11, 2015, 15:46

Annual investment demand for gold is estimated at 300 MT per annum, which is around 35 percent of India's gold import bill (USD 34 billion in fiscal year 2014-15).

Oil India gets green nod to produce 1 mmscmd gas in Jaisalmer

Last Updated: Friday, September 11, 2015, 14:52

State-run Oil India Ltd has got environment clearance for drilling 20 wells in three blocks in Jaisalmer, Rajasthan for production of 1 mmscmd gas at an estimated cost of Rs 96 crore.

Jewellers buying, firm global cues lift gold prices by Rs 45

Last Updated: Friday, September 11, 2015, 14:48

Snapping its three-day losing streak, gold prices recovered by Rs 45 to Rs 26,460 at the bullion market Friday on emergence of buying by jewellers and retailers to meet wedding season demand amid upbeat global trend.

Drought dents India gold demand; prices still appealing

Last Updated: Friday, September 11, 2015, 11:05

Nearly two-thirds of India`s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.