Gold price teeters near 5-year low after "bear raid", more losses expected

Last Updated: Tuesday, July 21, 2015, 20:21

Gold was on the brink of five-year lows on Tuesday, with more losses expected in the coming months following Monday`s "bear raid" when sellers dumped an estimated 33 tonnes in just two minutes.

Azim Premji gives half of his stake in Wipro for charity

Last Updated: Wednesday, July 8, 2015, 18:39

IT czar Azim Premji has given away almost half of his stakeholding in Wipro, India's third largest exporter of software services, to philanthrophy.

US sues to block Electrolux buy of GE appliance business

Last Updated: Thursday, July 2, 2015, 03:31

US antitrust officials filed suit on Wednesday to block the sale of General Electric`s appliance business to Sweden`s Electrolux, saying the $3.3 billion deal would harm consumers.

Google gets extended deadline to answer EU case

Last Updated: Tuesday, June 30, 2015, 02:08

Brussels has given Google an extension until mid-August to answer an anti-trust case alleging that the tech giant abuses its search engine's market dominance, a company spokesman said today.

Gold ETFs see Rs 500 cr outflow in 2 months

Last Updated: Monday, June 22, 2015, 16:24

Gold exchange traded funds (ETFs) have lost favour among investors as mutual fund managers pulled out close to Rs 500 crore from these products in the first two months of the fiscal, mainly on account poor return.

Gold set for second weekly jump on Fed rate outlook, Greece

Last Updated: Saturday, June 20, 2015, 09:30

Prices have gained 1.8 percent this week so far, the biggest weekly increase in over a month.

ED attaches properties of Gems Cables and Conductors

Last Updated: Friday, June 19, 2015, 19:51

"During investigation under PMLA, proceeds of the crime were identified in the form of movable and immovable properties. Totally, three immovable properties of value of around Rs 6.03 crore and one movable property of value of Rs 4.43 crore held by M/s Gem Cables and Conductors were attached," the release stated.

Gold price climbs as Greece fails to clinch deal; Fed meet in focus

Last Updated: Monday, June 15, 2015, 09:45

Gold edged up on Monday as Greece and its creditors failed to strike a deal to avert a debt default, but gains were capped as traders waited for a Federal Reserve policy meeting later this week for clues on the outlook for U.S. interest rates.

EU opens anti-trust probe into Amazon e-book business

Last Updated: Thursday, June 11, 2015, 16:45

The European Commission, the EU executive`s arm, is probing clauses Amazon has with its publishers which may shield the company from competitors, including the right to be informed of more favourable terms.

UTI-IAS acquires Mallya' 3.97% UBL voting rights after default

Last Updated: Wednesday, June 10, 2015, 17:03

Post this development, Mallya's voting rights in the company remain just 0.06 per cent.

RIL Rewas Port: Gadkari promises to resolve issues in a month

Last Updated: Sunday, June 7, 2015, 18:43

"In next one month, we will have a final decision on this (the right of way issue from the Mumbai Port). A proposal from the MbPT will be kept before you and then we will take public views on it," Gadkari said over the weekend here.

Sebi restricts STPL Infra from raising money from investors

Last Updated: Friday, June 5, 2015, 17:24

Accordingly, Sebi has restrained the company and its directors from "mobilising any fresh funds from investors through the offer of NCDs or through the issuance of equity shares or any other securities to the public, and/or invite subscription, in any manner whatsoever, either directly or indirectly till further directions".