Markets

Outrage Over Steep Petrol Price Hike: Hilarious Tweets Of Fuming Commoners a.k.a 'Aam Aadmi' (TWEETS)

Massive outrage flared all over India as the sharpest hike in petrol prices took effect on Thursday.

May 24, 2012

Petrol Price Hike In India: Rates Before And After Hike

The Indian Government Wednesday announced the single largest hike in petrol prices by Rs. 7.50 per liter (including tax). The hike price came into effect from midnight and has led to a nationwide protest with the common man, the government's allies and oppositions fuming over the issue.

May 24, 2012

Petrol Price Hiked By 12%, High Inflation on Cards

Indian government announced a petrol price by Rs 7.50 a litre. The price increment is effective Wednesday midnight.

May 23, 2012

Rupee Plunges To New Low Of 55.87/$ Amid RBI Intervention

The rupee plunged to a new low of 55.87 in the early Wednesday trade, marking its sixth consecutive record low against the US dollar.

May 23, 2012

India To Challenge US Against Visa Fee Hike At WTO; Differences Widen Over Trade

India has charged the U.S. over the hike in visa policies, which the former claimed is aimed at Indian companies, and will soon file an official case with the World Trade Organisation (WTO).

May 22, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

May 21, 2012

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said.

May 21, 2012

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

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

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

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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