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Resist temptation to buy gold: Chidambaram

Resist temptation to buy gold: Chidambaram

Finance Minister P Chidambaram ruled out any immediate hike in gold import duty saying he doesnt want to be “too unpopular”. Expressing satisfaction over declining gold imports, Chidambaram appealed to…

Re slumps to new low at 58.90; down 74 paise Vs USD

Re slumps to new low at 58.90; down 74 paise Vs USD

Inching closer to the 59 mark, the rupee on Tuesday fell by a whopping 74 paise to hit a new all-time low of 58.90 in the late morning trade on…

Rupee fall not a cause of alarm; will soon stabilise: FM

Rupee fall not a cause of alarm; will soon stabilise: FM

Unfazed by the rupee touching psychological level of 57 against the US dollar, Finance Minister P Chidambaram today said there is no cause for alarm and the currency will soon…

$721 billion global mobile payment transactions likely by 2017

$721 billion global mobile payment transactions likely by 2017

Global mobile payment transaction values are expected to reach USD 721 billion by 2017 from USD 163.1 billion in 2012, research firm Gartner said on Tuesday. Global mobile payment transaction…

Royal Sundaram to continue focus on retail business

Royal Sundaram to continue focus on retail business

Non-life insurance company Royal Sundaram would continue to lay focus in growing retail business particularly in retail health and SME business, a top company official said. Royal Sundaram is a…

Private life insurers join to fight phony investment fraud

Private life insurers join to fight phony investment fraud

Amid a continuing Sebi probe into a phony investment syndicate active in the national capital region, six private life insurers have joined hands to fight the menace of mis-selling of…

Mindtree’s Q4 net profit up 14% at Rs 78.9 cr

Mindtree’s Q4 net profit up 14% at Rs 78.9 cr

Mid-sized IT firm Mindtree said its standalone net profit has increased 14 per cent to Rs 78.9 crore for the quarter ended March 31, 2013.This is against Rs 69.2 crore…

Gold plunge may hit banks: India Ratings

Gold plunge may hit banks: India Ratings

The impact of ongoing steep fall in gold prices on the jewellery industry will be mixed and will depend on gold sourcing norms of individual retailers, but the crash may…

Railway revenue earnings up by 19.63%

Railway revenue earnings up by 19.63%

Railways has generated a revenue of Rs 1,24,814.87 crore in the last financial year as against Rs 1,04,334.61 crore the previous fiscal, registering an increase of 19.63 per cent. Of…

Rupee continues to rule firm vs dollar, up by 11 paise

Rupee continues to rule firm vs dollar, up by 11 paise

The Indian rupee continued to rule firm against the American currency in the late morning trade and was quoted up by 11 paise to 54.70 per dollar on selling of…