MUMBAI (Reuters) – The rupee touched the 52 per dollar mark for the first time in 32-1/2 months on Monday as domestic equities weakened and oil importers bought dollars. At 3:13 p.m. (0943 GMT), the partially convertible rupee was at 52.00 per dollar, 1.3 percent weaker than Friday’s close of 51.3350/3450, after touching 52.02, its  [ Read More ]

New Delhi:  In a surprise announcement, controversial corporate lobbyist Niira Radia, the owner of the PR firm which has Tata group and Mukesh Ambani-led RIL as its top clients, has decided to exit from the communication consultancy business. 51-year-old Radia, the owner and promoter of Vaishnavi Group, who is at the centre of a controversy  [ Read More ]

MUMBAI (Reuters) – India’s richest are getting poorer, according to Forbes, as falling stock prices, corruption scandals in Asia’s third-largest economy and a global slowdown wiped 20 percent off the total value of the country’s 100 wealthiest in the last year. Mukesh Ambani, head of Reliance Industries, India’s most valuable company, retained the top spot  [ Read More ]

I am sure you are all dying to hear what is this word…..well the word is NO. Nahi chahiye. Nyet. Nein. Vendam. Nako. Nathi Jothu. Do not want….. the single word is NO. When I was reading an article recently I saw an article with similar headlines…it was an article in Newsweek and it said  [ Read More ]

NEW DELHI (Reuters) – In a nation whose love for gold is legendary, financial adviser Biju Daniel is one of scores of Indians who are rethinking how they amass riches through the precious metal. Daniel’s wife owns at least a kilogram of jewellery and he sports a gold watch. But he is also shrewd enough  [ Read More ]

The Tata Pixel, with ‘Zero Turn’ drive and an innovative diamond-shaped door system, is a city car concept for Europe from Tata Motors. Based on the Tata Nano, the Pixel – at just over three metres in length – is the most package efficient four-seater in the world, comfortably accommodating four adults, unlike a typical  [ Read More ]

The car is expected to be priced at Rs 4.2 lakh to Rs 4.5 lakh to compete with Maruti’s Swift, Volkswagen’s Polo, Ford’s Figo, Hyundai’s i10 and Toyota Liva. It has been reported that Honda’s first small car for the mass market, Brio will be launched this month. The car is expected to be priced  [ Read More ]

Mumbai: The net foreign direct investment (FDI) inflow in India is expected to improve sharply to $19.5 billion during FY 12 as compared to $7.1 billion in FY 11 on account of robust and sustainable economy, the Centre for Monitoring Indian Economy (CMIE) said in its monthly review. As per the review, FDI inflows during  [ Read More ]

New Delhi: Gold prices on Saturday climbed to a fresh all-time high of Rs 28,230 per 10 grams gaining Rs 80 on sustained buying by stockists and investors amid firm global trend. Silver spurted by Rs 3,500 to Rs 66,300 per kg on increased offtake by industries such as electroplating and other consuming units. Trading  [ Read More ]

New York: The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor’s downgraded American debt and gave investors another reason to be anxious. The Dow Jones industrial average fell more than 250 points minutes after the opening bell on Wall Street. It recovered some of those  [ Read More ]