India's gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. The overall gold demand during the second quarter of 2020 calendar year stood at 63.8 tonnes, according to the WGC's 'Gold Demand Trends Q2 2021' report. In value terms, India's gold demand witnessed 23 per cent growth during April-June quarter at Rs 32,810 crore, compared to Rs 26,600 crore during the corresponding period of 2020.
One army trooper was killed and another wounded in a powerful blast in the Balnoi sector of Poonch district, Kashmir on Saturday, a defence spokesman said.
India's gold demand recovered during the January-March period to witness a growth of 37 per cent at 140 tonne compared to the same quarter of 2020, due to ease of COVID-related restrictions, pent up demand and softening of prices of the yellow metal, according to the World Gold Council (WGC). The overall gold demand stood at 102 tonne during the first quarter of 2020, as per WGC data. Gold demand in value terms increased by 57 per cent during the first quarter of this calendar year to Rs 58,800 crore compared to Rs 37,580 crore in the corresponding period of 2020.
Vodafone-Idea (Vi) has said the key hurdle it faces in raising fresh funding, despite interest from investors, is the 'pricing situation' which is also the reason why it has asked the Department of Telecommunica-tions (DoT) for another extension of the moratorium on payment of spectrum instalment by one more year. Responding to a question during an analysts' call on Friday after its quarterly results on the reason for the delay in fund-raising nine months after it was announced, CEO & MD Ravinder Takkar said: "We are in discussions with investors. There is continued interest in investing in the telecom sector in the country. "The biggest hurdle is that the overall industry is under stress because of the pricing situation." He said that once tariffs go up, it will create a significant amount of confidence.
'Running a start-up is hard.' 'We almost always will have obstacles.' 'There are two ways to tackle it.' 'We can either take them head on or let them hold you back.'
The biggest gold buying festivals are Akshaya Tritiya and Dhanteras.
The month of March could be worst in many years, with imports estimated only around 18 tonnes amid the coronavirus pandemic and the nationwide lockdown, said an industry player. The import in March 2019 was 72.5 tonnes, according to the GFMS data.
Late Sultan Qaboos bin Said Al Said of Oman was awarded the prestigious prize for the year 2019 in recognition of his vision to strengthen relations with India, and his efforts to promote peace and non-violence in the Gulf region, the ministry said.
Murthy met Delhi Chief Minister Arvind Kejriwal last week.
A limited edition Sachin Tendulkar gold coins, with the senior cricketer's face and signature embossed on them, were launched in Mumbai on Monday on the auspicious day of 'Akshaya Tritiya'.
The gifted mogri even bears the caption 'sharabiyon ke sutara hetu bhent, police nahi bolegi' (gift for beating drunkards, police will not intervene).
For years it has been evident that fibre and DTH would give tough competition to cable in India where regulatory overload has mutilated an already warped industry structure. OTT added fuel to the fire. From Rs 27,000 crore in 2010, cable's share of subscription revenues is now estimated at Rs 13,000 crore.
Having established its licensing business for a decade, it is tapping real estate to build on its themes.
India-born Gururaj Deshpande, chairman of Tejas Networks, A123 and Akshaya Patra, has been appointed co-chairman of United States President Barack Obama's National Advisory Council on Innovation and Entrepreneurship. He will support Obama's innovation strategy by helping develop policies that foster entrepreneurship, create jobs and drive economic growth.
For nine years, Narayanan Krishnan has served millions of meals to the mentally ill in Madurai. And he now dreams of providing a shelter to them. However, due to lack of funds the project has hit a roadblock. Ganesh Nadar reports
Fundraisers held in New York, San Francisco and Atlanta for India-based non-government organisation Akshaya Patra that strives for wholesome school kitchens is expected to raise a whopping Rs 5 crore in charities this year. Arthur J Pais reports
Trend may slow down the growth in investment demand of the yellow metal in the short term.
Akshaya Patra, the largest non-governmental organisation of its kind in the world whose motto is 'No child in India shall be deprived of education because of hunger', runs on subsidies by state governments and donations generated by thousands in India and America.
Indians love affair with gold will never end. Despite a lull, there is heavy demand in the market.
US President Bill Clinton made an impassioned plea to them to continue their work in making the innovative technology create a better world.
Kerala has about 1,400 villages and 999 panchayats, and this initiative is expected to provide a major boost to the Akshaya scheme.
While schemes like 'Akshaya' have been able to impart basic knowledge of computers to a large number of people down the rungs of society, at the government level several projects to create inter-departmental as well as government-public linkage are under way.
Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015.
Reports had suggested that the construction major had asked Ravanan to step down as the new owners were preparing the grounds for a top management overhaul at the Bengaluru-based company.
Gold is back in favour with consumers shifting their focus on the precious metal on the back of moderation in prices.
'I don't feed beggars. They can look after themselves. The mentally ill won't ask anyone for food or money,' says N Krishnan who has been feeding them thrice a day for the past seven years. We proudly launch our Independence Day special series: Extraordinary Indians.
State Bank of India (Maharashtra and Goa), Bank of Baroda, IDBI and Allahabad Bank have cut rates in the range of 25-50 basis points. Lenders would like to see the RBI come up with some measures so that sentiments improve further.
The commercial real estate sector has been booming in the last few years, driven by the high demand from corporates, especially IT and ITeS companies.
India's largest telecom operator in terms of subscriber numbers has been struggling to raise its share of subscribers in the market for fourth-generation technology services.
Summary of sports events and persons who made news on Wednesday
"We are looking at setting up a near shore delivery centre in either in Europe or the US or both. We would also set up a centre in China to service global orders," Progeon managing director and CEO Akshaya Bhargava said.
Govt has so far refused to bring down the import duty to 2% from the current 10%.
Interestingly, all 10 batters were dismissed in a similar fashion as they were all bowled with Wayanad's VJ Joshitha picking up a hat-trick.
Deputy Chief Minister N China Rajappa and a host of other ministers also took a holy dip on the occasion.
