Investors booked profits in recent gainers dragging the indices into losses
Gold fell by Rs 170 to Rs 31,680 per ten grams in the national capital on Monday on stockists selling on the back of sluggish demand amid weak global trend.
Extending losses for the third straight day, gold prices dropped Rs 220 to Rs 31,710 per ten gram in New Delhi on Wednesday on sustained selling by stockists amid sluggish demand coupled with weakening global trend.
'The babus in Delhi are not able to understand the pain industry is facing.'
Kishore Biyani led-Future Group has filed a caveat before the Delhi high court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Anticipating a move by Amazon, which had got an interim arbitration award in its favour, putting the announced deal on hold, the Future Group firm has moved the Delhi high court.
Co-founders of India's latest unicorn expected Covid-19 to be a speed breaker; instead it accelerated sales. Cars24 now enjoys more than 90 per cent market share among all other similar online transaction platforms. Dhruv Munjal traces the birth of this used-cars platform.
A group of investors of Japanese mobile giant SoftBank has sought probe and possible sacking of its India-born COO Nikesh Arora over potential conflicts of interest tied to his role as an adviser to a private equity firm.
N S Raghavan, one of the co-founders of Infosys, is expanding his presence in the hospitality sector.
Traders said sentiment turned bearish on emergence of stockists selling at existing higher levels amid weak global trend as improving economic growth reduced demand for the precious metals as an alternate investment.
China is on the lookout for investment pastures where its money is welcome, safe and earns a decent return. India also needs vast investment - about $1 trillion over the next 10-15 years - in infrastructure, green energy, transportation and heavy industry, says Ravi Bhoothalingam.
Gold in Singapore, which normally sets price trend on the domestic front, dropped by 0.4 per cent to $1,283.28 an ounce after data showed that US employers added more jobs than expected which reduced demand for the metal as an alternate investment.
In Indian context, among top gainers on the spot National Commodity and Derivatives Exchange, is coriander that saw its price moving up nearly 38 per cent (year-to-date, or YTD).
In a regulatory filing, Reliance -- the country's most valuable company - said, 'The 43rd AGM will be held on Wednesday, July 15, 2020 at 2 pm though video conferencing / other audio-visual means.'
Online marketplace eBay has entered into an agreement with an investor group led by private equity firm Silver Lake for sale of 65 per cent stake in its Skype communications unit for $1.9 billion.
Gold rose further on the bullion market in Mumbai due to increased buying by stockists after rise in the overseas prices. Silver also ended better in line with gold.
Winning an election may be a breeze for the BJP but the aftermath of victory isn't always painless.
'Life has been my greatest teacher.'
Former US Vice President Al Gore could become the world's first carbon billionaire following his investments in green energy companies after anticipating the need to reinvent the way the world produces and consumes energy. Gore's venture capital company has been investing to develop energy-saving technologies, which could make electricity grids more efficient.
A large number of successful IPOs ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, rose by nearly Rs 6 lakh crore during the year to Rs 106.23 lakh crore
Overall market benchmark Sensex is headed for its worst performance in four years with a decline of 1,650 points
Gold price surged to all-time high of Rs 21,000 per ten grams; while silver rate sets a new record of Rs 44,000 per kg in the Delhi bullion market on Wednesday on hectic buying from stockists triggered by sharp rise in the global market.
The last three prime ministers who served full terms started out in their early 70s. Mr Modi is younger and fitter than all of them. But he needs to find it in him to change course if he is to beat the odds, notes T N Ninan.
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
Investors will get the money directly in their demat accounts or through their brokers. They won't get physical delivery any more.
There's no silver bullet to get rid of poverty, says Alok Sheel.
Kardassis, who quit the airline in 2013, will advise Goyal and senior management on cost-saving and productivity improvement
Terming the 23.9 per cent fall in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding, "Unfortunately, after an initial burst of activity, it seems to have retreated into a shell."
Raghavendra Kamath reports on what ails India's real estate sector.
Traders said sustained offerings by stockists on the back of weak global trend, as investors weighed the outlook for the Fed's monetary policy after improving economic growth, mainly reduced demand for gold as an alternate investment.
The liquidity crisis at Dewan Housing Finance Corporation Limited (DHFL) has dented the fortunes of ace investor Rakesh Jhunjhunwala, who increased his stake in the troubled company in the March 2019 quarter (Q4FY19).
There is a high demand for IT professionals who can envision, design and develop applications for the future.
Traders said increased buying of gold by stockists and jewellers to meet the rising festive and marriage season demand, amid firming global trend, influenced the sentiment.
Manchester City CEO Ferran Soriano said the group had been looking for years at soccer in India and the Indian Super League (ISL), which is currently in its sixth season.
China's solar energy budget still stands roughly 20 times larger than America's investment in the same period, Jonathan Silver, executive director, Department of Energy told US lawmakers on Saturday.
India's chief national badminton coach Pullela Gopichand admitted to crammed BWF itinerary causing a problem but at the same time believes that onus is on a player of PV Sindhu's calibre to adapt to the calendar instead of complaining about it. Apart from the World Championships gold, Sindhu failed to win any other tournament last year.
In their election affidavits, Sonia Gandhi declared a 45 per cent drop in her income in 2017-18 compared to 2013-14, while Irani's income increased roughly an 80 per cent increase in her income in the same time span.
Gold has tripled in price, from $270 an ounce to over $850. Still, it may have further to go. In real terms, given the massive devaluation of the dollar since 1980, gold is relatively cheap. It's not the bargain it once was, but it could move higher.
News of all that transpired on and off the football field.
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