Naagesh N.

Gold At 6-Month High As Fed Fans Inflation Risk

Gold rose to a six-month high on Friday, extending a 2-percent rally from the previous session when the Federal Reserve announced a new round of stimulus measure, which could add to the risk of inflation down the line and enhances gold's appeal.

Fastest Growth in Services PMI in 6 Months

August saw the Indian private sector business growing at its swiftest in six months. The rapid progress was augmented by development in new business since February amid increasing optimism about the future, according to a survey on Wednesday.

India’s FY13 Growth Forecast Slashed To 5.1%

Morgan Stanley pared down India's economic growth forecast to 5.1 percent Monday, the lowest to be announced by any private forecaster in the fiscal year 2012/13. The financial services firm ascribed the low growth outlook to weak external demand, low private investment and poor government finances.

Asian Stocks Ease Marginally, Euro Falls

Risk assets fell Tuesday with the investors awaiting an announcement of some monetary easing measures by the Fed at the meeting of central bankers and economists at Jackson Hole, Wyoming, later in the week.

Lewis Hamilton Takes Risk of Dying in Formula One Race

On an Indian Grand Prix weekend where the sport is remembering Dan Wheldon and Marco Simoncelli, both killed in races in the last two weeks, Hamilton faced his own fears head on. He accepts the risk of dying in a Formula One car.

India Seize Server Linked to Duqu Computer Virus

Indian authorities seized computer equipment from a data center in Mumbai as part of an investigation into the Duqu malicious software that some security experts warned could be the next big cyber threat.

Maruti in Trouble: 60 Percent Fall in Q2 Profit

Maruti Suzuki, India's top automobile manufacturer, posted a larger-than-expected 60 percent fall in its quarterly profit. The company has been hit by labour unrest, rising interest rates and vehicle costs that has hurt demand in Asia's third-largest economy.

Sweets in Demand Despite Silver Price Rise

An increase in the price of edible silver leaf has not deterred confectioners from presenting sweets rolled in fine sheets of silver called varq, during the long festive season that ends with Diwali celebrations this week.

Muammar Gaddafi Buried Secretly in a Desert

Muammar Gaddafi and his son Mo'tassim were buried in a secret desert location on Tuesday, five days after the deposed Libyan leader was captured, killed and put on grisly public display.

RBI Signals End of Tightening Cycle

The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.

Rift Between Shah Rukh and Arjun?

Speculations are obviously going to run high with the release date of Shah Rukh Khan's much-hyped film, Ra.One drawing near. News is doing the rounds that all is not well between Shah Rukh and Arjun Rampal.