Business news

Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down...

May 17, 2012

Wipro to Acquire Promax Applications Group

Indian global IT services and consulting company Wipro Limited announced on Monday that it has signed an agreement to acquire Australian analytics company Promax Applications Group (PAG) for Rs 1920 million

May 1, 2012

India Need Adequate Supply of Energy at Affordable Price: PM

Prime Minister Manmohan Sing said on Saturday that India need to set an appropriate pricing for oil prices in the country.

Apr 28, 2012

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Boeing to Deliver 787 Dreamliner to Air India

After the Boeing Co. has rolled out its 787 Dreamliner in South Carolina assembly plant on Friday the manufacture company has to deliver the first four of Air India's 27 order of the aircraft mid this year.

Apr 28, 2012

BSE Sensex Falls Again; S&P Rating Affects Indian Stocks

The BSE Sensex fell for a second session in a row on Thursday, as the investors get cautious after the rating agency Standard & Poor's cut India's outlook to negative from stable on Wednesday.

Apr 26, 2012

Jewellers Pin Hopes on Akshaya Tritiya: Soaring Gold Prices Not To Affect Business, Traders Feel

The jewellers and traders across India had geared up for the Akshaya Tritiya as the people are expected to throng the gold shops in large numbers on Tuesday for the purchase.

Apr 23, 2012

Pranab Mukherjee Clears Foreign Investors' Concerns Over India's Tax Amendments

Finance Minister Pranab Mukherjee addressing a gathering in Washington on Friday termed concerns of US investors over tax amendments in India as "unfounded".

Apr 21, 2012

Future of India's Aviation: Boeing 787 Dreamliner Aircraft (INSIDE PHOTOS)

India will soon get the most fuel-efficient and twin-engine aircraft, Boeing 787 Dreamliner airplanes.

Apr 14, 2012

Govt Okays Air India Restructuring Plan

The government on Thursday announced a Financial Restructuring plan for the debt-laden national carrier Air India.

Apr 12, 2012

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India Gold Jewelers Back in Business, Ends 20-Day Nationwide Strike

Gold demand in India remained low after the country's gold bullion traders and jewelers ended their 20-day nationwide strike on Friday, but the gold entrepreneurs remained confident consumer interest on the precious safe haven yellow metal will pick up as the annual wedding season in the country begins.

Apr 10, 2012