Gold demand in India declined by 26 per cent to 190.3 tonne during the January-March quarter due to higher import duties and supply curbs imposed by the government, the World Gold Council today said.In the first quarter of 2013, the gold demand in the country had logged in 257.5 tonne, according to ...

Oil prices edge higher in Asia

Oil prices edged higher in Asia today on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions. The US benchmark, West Texas Intermediate (WTI) for delivery in June, rose five cents to 102.07 dollar in mid-...

Foodgrains production likely to cross 264 million tonnes in 2013-14

The foodgrains production is likely to cross 264 million tonnes in 2013-14 in the country. It will be the highest ever production of food grains in the country. The third Advance Estimates released by the Government says that compared to 257.13 million tonnes food grains produced last year, it is ex...

India's Alphonso mango ban draws anger from British Indians

A ban on European imports of India's Alphonso mango, is drawing anger from British Indians, who say the move is unfair and deprives them of one of summer's sweetest flavours. The king of fruits and other Indian mangoes were banned by the European Union from May 1 after fruit flies ...

Hinduja brothers top UK billionaires list

The list also includes Indian-origin industrialists Lakshmi N Mittal and Lord Swraj Paul.According to The Sunday Times Rich List 2014 made public in London on Sunday, the Britain's wealthiest 1,000 men and women are richer than ever before.Their combined wealth has reached a phenomenal 518....

Over 30 entities under SEBI lens for unusual trading

More than 30 entities, including brokers and high net worth individuals, have come under the scanner of market watchdog, Securities and EXchange Board of India (SEBI) for unusual trading activities on the day of Lok Sabha election results. SEBI sources said, a preliminary enquiry has been initiated ...

Foreign Investors pour in Rs 1-lakh crore since Modi declared BJP PM candidate

Foreign investors have pumped in over one lakh crore rupees in the Indian securities market since Narendra Modi was announced as the prime ministerial candidate by Bhartiya Janta Party in September last year.Market analysts believe that FIIs have been betting on the Indian market mainly on hopes of ...

BPCL signs contracts to import over 7 mn tons of crude oil from Kuwait & UAE

Expatriate Indian communities in Dubai and Gulf region welcome election results

Taiwan's Parliament approves new tax regime

Taiwan's Parliament has approved, what it called, a rich man's tax on nearly 10,000 of the island's wealthiest people in a bid to narrow the widening income gap.Starting next year, those with annual net income of over 333,000 US Dollars, or the richest 1.5 per cent of indi...