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Fall-off in Indian weddings bodes ill for jewellers, gold

MUMBAI - Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.

Recent Business News

India plans new oil subsidy rules to push ONGC stake sale

NEW DELHI - India plans to reform rules governing the level of discounts upstream state oil firms including ONGC offer to retailers, a senior finance ministry official said on Friday, a move that could expedite the sale of a stake in the company.

Top News, 22 May 2015

India has built up defences vs volatile capital flows - RBI's Rajan

CHENNAI - Reserve Bank of India Governor Raghuram Rajan said on Friday the country has built up layers of defences against volatile capital flows in financial markets by building up its foreign exchange reserves, improving its economy, and focusing on economic growth.

Economy, 22 May 2015

Greek PM says on final stretch towards deal with lenders

ATHENS - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.

23 May 2015

Jaitley promises better tax regime for companies

NEW DELHI - Finance Minister Arun Jaitley struck a conciliatory tone towards investors on Friday, promising to tax corporate profits at competitive rates and saying the government would do all in its power to implement a new goods and services tax (GST) on time.

Top News, 22 May 2015

South Korea seeks deeper cooperation with Japan on China-led AIIB

TOKYO - South Korea called on Saturday for deeper cooperation with Japan on a China-led development bank, while Japan remained cautious about the lender, which it and ally the United States have held back from joining.

Japan 23 May 2015

Markets

  • Asia
  • U.S.
  • Europe
  • Sectors
Stock Search
Nikkei 20,264.41 + 61.54 +0.30%
Hang Seng 27,992.83 + 469.11 +1.70%
Sensex 27,957.50 + 148.15 +0.53%
EUR/INR 69.923 -1.01%
USD/INR 63.480 --
GBP/INR 98.318 --
Gold 1,205.70 -0.10 -0.01%
Oil 59.99 -1.00 -1.65%
Corn 360.00 -5.00 -1.37%

REUTERS SHOWCASE

Rate Hike Likely

Rate Hike Likely

Fed on track to hike rates as economic headwinds wane - Yellen  Full Article 

Assuring Investors

Assuring Investors

Jaitley promises better tax regime for companies  Full Article 

Jayalalithaa Returns

Jayalalithaa Returns

Jayalalithaa returns as chief minister of Tamil Nadu  Full Article 

Oil Subsidy

Oil Subsidy

India sets April-June oil subsidy rules, no discounts if oil below $60  Full Article 

Demand for Gold

Demand for Gold

Gold demand slows as China eyes equities; lack of weddings in India weighs  Full Article 

Currency Reserves

Currency Reserves

India has built up defences vs volatile capital flows - RBI's Rajan  Full Article 

Regional Bank

Regional Bank

China, India likely to be biggest shareholders in AIIB  Full Article 

Funding for Startups

Funding for Startups

Infosys founder to head India panel on startup funding platform  Full Article 

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