Gold extends rally on higher global cues, silver also surges

Gold prices firmed up further at the bullion market in Mumbai on Saturday due to persistent buying by stockists and jewellers amid a firm trend in global markets.Catching up with the general trend, silver also surged on sustained demand from industrial users fueled by strong overseas sentiment.Stand...

Poor storage facilities leading to food wastage: Pawar

Lack of adequate or proper storage facilities is resulting in rotting of foodgrains, Agriculture and Food Minister Sharad Pawar said on Saturday. "The condition of the godowns in the country is not good and that is resulting in the rotting of foodgrains," he said, speaking at a fun...

Poor storage facilities leading to food wastage: Pawar

Lack of adequate or proper storage facilities is resulting in rotting of foodgrains, Agriculture and Food Minister Sharad Pawar said on Saturday. "The condition of the godowns in the country is not good and that is resulting in the rotting of foodgrains," he said, speaking at a fun...

Nokia lodges another complaint against Apple

Finnish cell phone maker Nokia Corp has said that it has extended its patent-infringement claims against Apple Inc to include the new iPad.The latest complaint, filed in US District Court in Madison, Wisconsin, follows other lawsuits by Nokia claiming that a broad swath of Apple products violate Nok...

Gold extends rally on higher global cues, silver also surges

Gold prices firmed up further at the bullion market in Mumbai on Saturday due to persistent buying by stockists and jewellers amid a firm trend in global markets.Catching up with the general trend, silver also surged on sustained demand from industrial users fueled by strong overseas sentiment.Stand...

Montek pitches for 10% growth in 12th Fiver Year Plan

Deputy Chairman of Planning Commission Montek Singh Ahluwalia has said that the prevailing high inflation is likely to ease in near future following the steps taken by the Government and on the back of falling commodity prices. Speaking at a function in Vadodra on Friday, he said that the growth rat...

CAG pulls up IT Dept for delay in processing of refunds to assesses

The Comptroller and Auditor General of India has pulled up the Income Tax Department for the delay in processing of refunds to the assesses and the insensitive attitude towards the senior citizens. In a report tabled in the Parliament today the CAG findings on Income Tax Refunds reveal that refund c...

Gold prices zoom 495 rupees

Gold prices zoomed 495 rupees, to 18,110 rupees per ten grams at Delhi's bullion market, today. Silver ready jumped 565 rupees, to 28,165 rupees per kilo.In the global markets, gold posted a big gain of 33.20 dollars, to 1,208.80 dollars an ounce last evening, as currencies weakened and equ...

Sensex plunges 218 points

Concessional credit for exporters scheme extended

Reserve Bank has extended the scheme for providing concessional credit to exporters for two more months, till June 30, as they are still to fully recover from the demand slowdown overseas. The facility for concessional export credit at 2.5 per cent lower than the Benchmark Primary Lending Rate was t...