IMF elevates China to no 3 role on board

Gold inches towards fresh record, silver at 30-year high

Gold zoomed to near record levels and silver rose to a 30-year high on Thursday as investors shifted funds out of melting forex markets after the US Fed said it will purchase more debt to prop up the American economy, boosting demand for the precious metals as a safe haven.Gold spurted by USD 34 dol...

Sensex crosses 21k mark in Diwali Muhurat Trading

Stocks sparkled on Diwali, as the Sensex at the Bombay Stock Exchange surged 111 points, or 0.5 percent, to cross the crucial 21,000 point mark, and settle at a new all-time closing high of 21,005, in a special 'Muhurat' trading session yesterday. The Nifty at the National Stock Ex...

Sensex crosses 21k mark in Diwali Muhurat Trading

Stocks sparkled on Diwali, as the Sensex at the Bombay Stock Exchange surged 111 points, or 0.5 percent, to cross the crucial 21,000 point mark, and settle at a new all-time closing high of 21,005, in a special 'Muhurat' trading session, between 6 p.m. and 7.15 p.m., today. The Nif...

Germany, China express concerns over US Quantitative Easing<br/>

Germany and China have expressed concerns over US plans to pump 600 billion dollars into the US economy. German Finance Minister Wolfgang Schaeuble said the US would not solve its problems, but create extra problems for the world instead. He said it is not that the Americans have not pumped enough l...

India, US should aim at achieving $ 220 billion trade target

An industry body today said that India and the US should aim at achieving the bilateral trade target of 220 billion US Dollars in the next 10 years, to strengthen the economic ties between the two nations. Assocham President Swati Piramal said in a statement that India accounts for a merely 1.3 per ...

Sensex ends at all-time high<br/>

The Sensex has gained 427 points closing at 20893 today. NIFTY also gained 121 points and closed at 6281 points.

Gold sizzles on Diwali eve

Gold rose 110 rupees, on the eve of Diwali to Rs. 19,850 per ten grams at Delhi&apos;s bullion market, on fresh buying amid a firm trend in the global markets. Silver held steady at Rs. 37,600 per kilo. Gold in the Asian region added 0.7 per cent, to over 1,357 dollars an ounce, as the dollar fe...

Karnataka to purchase 4000MW of power from NTPC

The power companies of Karnataka signed today a Power Purchase Agreement of 4000 Mega Watt Kudgi Super Thermal power plant with National Thermal Power Company Limited in Bangalore today. The Chief Minister of Karnataka B S Yeddyurappa, State Power Minister Shobha Karandlaje, Chairman and Managing Di...

Gold prices rise by Rs 110/10 gm<br/>

Gold rose 110 rupees, on the eve of Diwali, today, to Rs. 19,850 per ten grams at Delhi&apos;s bullion market, on fresh buying amid a firm trend in the global markets. Silver held steady at Rs. 37,600 per kilo. Gold in the Asian region added 0.7 per cent, to over 1,357 dollars an ounce, as the d...