Nissan Motor Co expects growth in emerging markets and launches of new models such as its Micra compact to provide only a modest boost to profits this year, in a cautious view echoing its larger Japanese rivals.
AHMEDABAD: An 83-year-old Indian holy man who says he has spent 65 years without food or water has astounded a team of military doctors who studied him during a two-week observation.
Platinum and palladium markets received some good news this week with the auto sales zooming in India and China. Platinum and palladium, two metals used in the high end car exhausts to cut pollution, prices depend mostly on the auto sales across the globe. With India and China reporting huge car sales in April, the prices of platinum and palladium are set to gain from this news.
Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.
Chinese annual inflation pushed up to an 18-month high in April and property prices rose at a record clip, showing that the government still has its work cut out to keep the world's third-largest economy from boiling over.
Car sales in China and India, the world's two fastest growing major markets showed solid growth in April as government incentives and strong economic expansion continued to pull buyers into showrooms.
Who says gold is the safe haven for investors now? It seems, if you take into consideration the present scenario in the global markets, gold is the most unsafe investment now. As is the tradition, gold thrives whenever there is a crisis or tragedy. This time around, it was Greece financial crisis, Spain and Portugal dilemma and the Iceland volcano mess and the gold ETFs fraud unraveled by the US commodity exchange regulator. Even as analysts made a big fuss about the gold's safe haven importance...
In a situation when the commodity prices are shooting up and giving sleepless nights to the consumers, it has become a common practice to blame Futures trading for the price-rise in the commodities. Futures trading, which has been a historically followed practice in India, has, in recent times, found so many detractors, who have been arguing intermittently for a ban on futures trading when prices of a particular commodity surpass the realistic levels. However, the Union government does apply m...
Collection G, the brand owned by World Gold Council (WGC) and retailed at Gitanjali, has announced the launch of an exciting new range and design of Collection G pieces. Ex-Miss Indias' Ekta Chaudhary and Pooja Chopra launched the new range from Collection G at Giantti store at Atria Mall in Mumbai. The collection is available across all Gitanjali Stores in Mumbai, Delhi and Bangalore.
It seems gold is heading for a perfect future as almost all incidents unraveling across the world in April and May months are helping the yellow metal gain. If you take into consideration the recent developments like the Greece debt crisis, Spain and Portugal economic woes, the Euro situation, China's decision to control the realty sector and the May 7 verdict by India's Supreme Court in the Ambani gas row case, all of this have contributed to the further push of gold in global and India markets...
Sovereign risks have risen due to the turmoil in the euro zone, but the woes Greece faces are not the same as in other European nations and the situation can be resolved, the chair of a meeting of sovereign wealth funds said.
A recent spurt in gold prices seems to have dampened the zeal of India-based gold consumers as experts have expressed concern over a significant drop in gold sale on Akshaya Tithiya, a day considered to be auspicious to buy gold in India. Gold prices are on an upward rally nearing its lifetime high of USD 1240 per ounce. The spot gold in New York market stood at USD 1208 per ounce witnessing a steep rise in the past one month.
World over, copper and some other base metals have been witnessing a downfall season now following the European financial mess and China's decision to crack down on realty sector. Copper's downward journey was also witnessed in India this week with copper futures traded almost flat as worries about growing fiscal crisis in Europe hit global markets. In copper 316 remains a crucial resistance, prices might drift towards 312-310 rupees.
And you thought India is a country which loves to buy only gold. Till the beginning of the 21st century, the image of India was that almost all Indians want to buy gold as far as precious metals are concerned. But the reforms initiated by Indian Prime Minister Manmohan Singh has changed the dreams of the younger generation with many of them now eyeing other precious metals like platinum. Even diamonds have also become a favourite for young women and men.
The Supreme Court verdict in the gas row between Ambani brothers Mukesh and Anil has come as a gift for Mukesh, the Indian government and gold. Yes, apart from Mukesh Ambani and the Indian government, gold also cashed in on the crisis after the Supreme Court delivered the verdict in the RIL-RNRL dispute.
India's richest man, Mukesh Ambani, scored a win against his estranged brother on Friday when the Supreme Court ruled they must renegotiate a deal over the country's largest gas field, effectively giving the government control over gas prices.
India's Supreme Court on Friday ruled in favor of billionaire Mukesh Ambani in a gas pricing dispute with brother Anil, closing a chapter on a five-year battle that now gives the government control over setting prices.
China's GDP growth will slow down from 11.9% in Q1 to 9% in Q4.Lower productivity growth, adverse demographics and lower returns to capital will reduce future potential GDP growth in China to around 9%. The peak is already evidenced in the data:
Industrial production has turned and the growth in power, coal, cement, steel and auto production has slowed down. The circulation of money and credit, a major driver of commodity demand, could slow the economy down further, a Bank of America-Merrill Ly...
Initial public offerings around the world are being canceled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.
This week the world got a taste of the things to come for base metal mining companies in the world. Almost all companies involved in mining have posted lucrative gains in the financial year results. One major aluminium producing company, Vedanta, has posted 187 per cent surge in annual earnings per share on a rebound in metals prices and stronger output.
* Fears of dollar squeeze seen in Thai, Indian markets
* Worries grow that Greek debt crisis will spread
* New Zealand swaps curve shifts upwards, rate hike seen
India's state owned oil companies would be increasing production from oil fields in Venezuela. India's petroleum minister Minister Murli Deora met the visiting Venezuelan Vice Minister for Foreign Affairs Temir Porras Poncelon here and conveyed the decision.
