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Gold prices zoomed by up to Rs 1,230, the biggest rise in a day this year, to multi-month high in major bullion markets of the country on continued buying by jewellers and retailers for ongoing wedding season amid overnight gains in global markets. The price climbed to Rs 29,605 per ...

Gold prices zoomed by up to Rs 1,230, the biggest rise in a day this year, to multi-month high in major bullion markets of the country on continued buying by jewellers and retailers for ongoing wedding season amid overnight gains in global markets. The price climbed to Rs 29,605 per ...

In a video conference in mid-2014, Reserve Bank of India governor Raghuram Rajan told employees that he wanted to hire talented external candidates and improve the quality of research at the 81-year-old central bank. But in the storied halls of the RBI, his ideas were seen by some as controversial.

Hindustan Petroleum Corp Ltd is seeking diesel for import into the country for the first time in many years, at a time when demand for the fuel is rising in the domestic market, industry sources said on Friday. The company last imported diesel in 2010.

As gold trades near its highest in a year on a wave of safe-haven buying, traditionally active buyers of physical gold in the major Asian markets have shown little interest so far. Consumers in India and China tend to typically buy gold in jewellery form.

Some steelmakers have raised their prices after a recent government measure to rein in cheap imports, but a surge in value is unlikely as India's production capacity is rising faster than its domestic demand growth. Steel output will likely grow by 10 million tonnes in the next three to four ...

Car sales opened the new year on a nervous note as volumes fell, although marginally, after 14 straight months of growth. Hectic spending in the month of December, which saw companies throwing in freebies and discounts, as well as expected price increments in the opening month of 2016 kept demand ...

Japanese officials stepped up their expressions of concern about a soaring yen as the currency’s renewed strength threatened to undermine the government’s Abenomics program for reviving the economy. With the yen trading near a 15-month high against the dollar, concern is growing that this will reduce the competitiveness of Japanese ...

Labor unions representing the nation’s major steel makers submitted their pay hike requests on Friday, kicking off this year’s shunto spring wage negotiations and setting the tone for talks in other sectors. The Federation of Nippon Steel & Sumitomo Metal Workers’ Unions requested a monthly pay hike of ¥4,000 for ...

Cheers! Winemakers worldwide are hoping for sales growth in Japan at a time when consumption in major markets is sluggish. Japanese are not only drinking more wine, they are also relatively knowledgeable about the product, industry people say. One official goes so far as to call Japan the most sophisticated ...