The global markets have been spiraling, thanks to the US debt crisis. Not only are we the commoners losing thousands of our hard-earned money, the country’s richest aren’t any much better off either. According to this infographic made by our expert, Deepak Shenoy, the Ambani brothers have been the biggest losers with Anil Ambani’s kitty  [ Read More ]

London, Aug 7 (ANI): Steel magnate and Britain’s richest man Lakshmi Mittal has lost 2.16 billion pounds with in a week following the global stock market crash. The share price his company Arcelor Mittal, of which he owns 40.83 per cent, plummeted 18.7 percent this week reducing the value of his fortune to 9.7 billion  [ Read More ]

MUMBAI: Today Gold prices extended their rally and scaled new records at the domestic bullion market here today on sustained buying by investors and traders despite lower global cues.In this history of Gold extending price till today it is the bost hick in Gold. Silver, however, moved down further on continued speculative selling amidst weak  [ Read More ]

New Delhi:Continous loss by the United States of its top-rank AAA credit rating from Standard & Poor’s has created a “grave” situation, finance minister Pranab Mukherjee said on Saturday. “We will have to analyse it (the downgrade). It will require some time,” finance minister Pranab Mukherjee told reporters in New Delhi. “The situation is grave  [ Read More ]

Fears of possible recession in the US led to investors selling off heavily the stocks of Indian IT companies in a weak market and blue-chips like TCS, Infosys and Wipro plunged sharply on the bourses. The country’s largest IT exporter TCS was trading 5.7% down at Rs 1,034 in mid-day trade, while Infosys was also  [ Read More ]

Sensex nose-dived 364 points in opening trades and continued to remain under pressure due to heavy selling in index heavyweights-Infosys, Reliance Industries and ICICI Bank. The BSE benchmark index touched a low of 16,990 in noon trades. Recovery in ONGC and Larsen & Tourbo in late trades helped the index trim losses. The Sensex finally  [ Read More ]