India lures gold investors with govt bond, monetisation plan

Last Updated: Wednesday, September 9, 2015, 16:50

India will soon launch a sovereign gold bond and a scheme to mobilise tonnes of the metal stored in households, the finance minister said, a move that mainly seeks to wean investors away from physical gold and cut massive imports.

From insider trading to washing dishes in jail: This is how Rajat Gupta spends time

Last Updated: Wednesday, August 5, 2015, 10:13

Rajat Gupta, currently serving two years in a federal prison in Massachusetts washed dishes at the prison cafeteria briefly according to an account in NYT.

Gold price slides 1% to five-year low as investors pull back

Last Updated: Wednesday, July 22, 2015, 21:24

Gold fell more than 1 percent to a five-year low on Wednesday as a bounce in the dollar fuelled downside momentum, with investors continuing to pull away from the metal after its dramatic slide earlier this week.

Govt mulls raising Rs 15,000 cr through gold bond scheme

Last Updated: Tuesday, July 7, 2015, 17:41

Government is looking at raising Rs 15,000 crore in the current fiscal through the gold bond scheme, for which a cabinet note is likely to be moved for consideration later in the month.

WGC welcomes govt's draft policy on sovereign gold bonds

Last Updated: Friday, June 19, 2015, 20:42

The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.

'Gold sovereign bonds to address import issues'

Last Updated: Friday, June 19, 2015, 19:12

Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra).

Govt proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 13:59

India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.

Asian coal prices lifted by tightening markets in China, India

Last Updated: Wednesday, June 3, 2015, 15:24

The firms raised prices of lower-grade coal by 10 yuan per tonne in mid-May, anticipating a surge in demand for power over the summer.

One lakh Digital Lockers opened in 100 days

Last Updated: Friday, May 29, 2015, 11:07

Digital Lockers eliminate the threat of counterfeit documents and prove to be a great storage space as natural disasters cannot destroy the digital documents like they destroy physical documents.

NCDEX to launch gold futures contract tomorrow

Last Updated: Wednesday, May 20, 2015, 18:39

Commodity bourse NCDEX will launch gold futures contract on Wednesday to provide a transparent and credible price benchmark to the domestic consumer.

Study fuels hope for compressed natural gas cars

Last Updated: Friday, December 19, 2014, 17:39

Researchers have identified new materials that may be able to store compressed natural gas (CNG) at low pressure and at room temperature, paving the way for tanks that are lighter and fit cars better.

BlackBerry woos keyboard loyalists with launch of Classic

Last Updated: Thursday, December 18, 2014, 08:54

BlackBerry Ltd launched its long-awaited Classic on Wednesday, a smartphone it hopes will help it win back market share and woo those still using older versions of its physical keyboard devices.