Section: Business

Gold, silver extend gains on global cues, jewellers' buying

Published on By prameya news7 (author)

Rising for the third straight day, price of gold surged by Rs 180 to 29,350 per 10 gram at the bullion market today in line with a firming trend overseas and increased buying by jewellers in domestic spot market.

No 'silver bullet' for excessive inequality, says IMF chief

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Policymakers across the world must act now to check inequalities even as there is no "silver bullet" to contain this problem, IMF chief Christine Lagarde said today amid a raging debate here at WEF on widening wealth gap and the resultant rise in populism. She also said that turning back on globalisation will be a wrong approach.

Rupee gains 5 paise more against dollar at 67.90

Published on By prameya news7 (author)

The rupee advanced 5 paise to 67.90 against the US dollar in early session on increased selling of the American currency by exporters and banks.

AirAsia India to connect Srinagar, Bagdogra, Pune with Delhi

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No-frills carrier AirAsia India today announced the launch of its services to Srinagar and Bagdogra from the national capital, commencing next month.

Trai seeks AG's opinion on Jio's tariff plans

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Telecom regulator TRAI has asked for attorney general’s views on billionaire Mukesh Ambani—led Reliance Jio’s free voice and data offering till March that rivals have called “predatory“.

China may allow foreign firms to launch IPOs

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China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after President Xi Jinping promised the world his country was committed to opening its markets.

SBI raises $500 m from overseas bond sale, prices at 3.3%

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State Bank of India raised USD 500 million through an international bond sale of five- year bonds at coupon of 3.306 percent per annum and getting oversubscribed three times.

U.N. expects 2017 global growth to rise to 2.7 percent, sees Trump, Brexit challenges

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The United Nations expects global economic growth to rise to 2.7 percent this year and 2.9 percent in 2018, up from 2.2 percent in 2016, and said Brexit and U.S. President-elect Donald Trump's tax policies could have adverse effects.

Tax breather for foreign investors: All you need to know

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Foreign portfolio investors (FPI) can now breathe easy with the Income Tax (I-T) Department on Tuesday putting in abeyance its controversial circular on taxing India-dedicated funds.

Nifty Firm Above 8,450; Banking, Metal Stocks Lead Gains

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10.35 a.m.: United Spirits shares were up 5 per cent at Rs. 2,187 on top of yesterday's 6.53 per cent gains. According to a Bloomberg report Diageo Pls is considering increasing stake in the company. The maker of Johnnie Walker scotch is weighing an open offer to the public shareholders of USL, Bloomberg reported citing sources.