Category Archives: Business

Gold imports fall 34 per cent in February

Gold imports in February fell 34 per cent compared with the same period last year, news agency NewsRise Financial reported on Monday, citing a government official, as high prices and hopes for a cut in import taxes kept buyers away. India, the world’s second-biggest consumer of gold, shipped in 36.9 tonnes of gold in February while overseas purchases of the Read More


Sensex jumps 130 points, Nifty above 7,750 ahead of RBI policy; Adani Group stocks hog limelight

The S&P BSE Sensex gained 130 points in trade on Monday, while broader CNX Nifty jumped above its key 7,750-mark ahead of RBI monetary policy to be announced on Tuesaday at which it is expected to cut interest rates by at least 25 basis points. The headline indices rallied tracking mixed trend seen in Asian markets after solid US payroll Read More


UK trade deficit narrows in January

The UK’s trade deficit narrowed in January, official figures show, but its goods trade gap with the EU widened to a record level. The Office for National Statistics (ONS) said the total trade deficit – covering goods and services – shrank to £3.5bn from £3.7bn in December. The deficit in goods alone narrowed to £10.29bn – down from £10.45bn the Read More


China economy: Slow output fuels global economic recovery fears

China’s industrial output has slowed to its weakest growth since the financial crisis, prompting concerns over the global recovery. Production rose by 5.4% in January and February – the worst since 2008. China is trying to refocus its economy from investment and export-led growth to consumer spending. UK finance minister George Osborne said China’s slowdown is one of a “dangerous Read More


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Falling food prices seen easing retail inflation in Feb

India’s retail inflation is expected to have eased in February helped by falls in prices of some food items, after edging up for six straight months, raising expectations of a central bank rate cut next month. Analysts say Raghuram Rajan, Governor of the Reserve Bank of India, could soften monetary stance after Finance Minister Arun Jaitley stuck to a fiscal Read More


GM and Ford announce investments in driving technology

US carmakers General Motors and Ford have both announced strategies geared at taking on the tech world’s growing influence in the car industry. GM will buy Cruise Automation, a firm that creates self-driving technology. Ford will set up a Silicon Valley-based subsidiary to invest in car-sharing and ride-hailing services. Both have been making investments in technology to boost their role Read More


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European shares lifted by surge in Italian banks

European shares rose on Monday as funding plans from the European Central Bank for the region’s lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal. The pan-European FTSEurofirst 300 index, which had climbed 2.7 percent on Friday, was up 1 percent while the euro zone’s blue-chip Euro STOXX 50 index also advanced 1.2 Read More


UK trade deficit narrows in January

The UK’s trade deficit narrowed in January, official figures show, but its goods trade gap with the EU widened to a record level. The Office for National Statistics (ONS) said the total trade deficit – covering goods and services – shrank to £3.5bn from £3.7bn in December. The deficit in goods alone narrowed to £10.29bn – down from £10.45bn the Read More


Japan’s stocks lead gains in Asia on Monday

Stocks in Japan and China led gains on Monday, extending a rally on Wall Street which closed at its highest level so far this year on Friday. Tokyo’s Nikkei 225 finished the session up 1.75% to 17,233.75 points. Investor sentiment in Japan was given a boost as official machinery orders data showed a 15% jump in January from December, beating Read More


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European shares lifted by surge in Italian banks

European shares rose on Monday as funding plans from the European Central Bank for the region’s lenders buoyed markets, while Italian banking stocks surged on the prospect of a possible rescue deal. The pan-European FTSEurofirst 300 index, which had climbed 2.7 percent on Friday, was up 1 percent while the euro zone’s blue-chip Euro STOXX 50 index also advanced 1.2 Read More