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Global investors continue to bet big on gold ETFs push up demand even as jewellery purchases dip 24% in Q1. Mumbai, May 20 Fears of inflation and uncertainty in the financial markets continue to drive the global investors’ interest in gold, even as the jewellery and industrial demand ... Invited for second term, Manmohan grapples with portfolio allocation New Delhi, May 20 Dr Manmohan Singh was on Wednesday invited to be the Prime Minister for a second consecutive term. He will be sworn in on May 22 along with his Council of ...

Full comfort: The Prime M...	TODAY'S PICK (Latest Audio: English/Tamil) KRBL (Rs 76.40): Buy We recommend a buy in KRBL from a short-term trading perspective. It is apparent from the charts of KRBL that it was on an intermediate-term downtrend between late July 2008 and early March 2009, from Rs 150 to Rs 42. However, the stock ... Day Trading Guide

HCL Tech bags order from MTV Networks
To develop tech for online viewing. New Delhi, May 20 HCL Technologies has bagged an outsourcing services contract from MTV Networks (MTVN) in the US, for online media platform ...

Paramount to allow mobile use
TALK ON THE FLY. New Delhi, May 20 From September, passengers flying with Paramount Airways should be able to use their mobile phones while ...

Car makers help dealers to cut inventory
Move to reduce ballooning interest cost borne by dealers. Bangalore, May 20 Several domestic car makers have decided not to push their dealers to “lift” more vehicles from them which has led to an immediate drop in inventory levels ...

ONGC, Oil India bail out refiners with Rs 943-cr subsidy
GAIL kept out of support mechanism. Mumbai, May 20 IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation will end up reporting profits for 2008-09 thanks to a subsidy package of Rs 943 crore for the fourth quarter from ONGC ...

Holdings in US Treasuries jump to $38.2 b in March
RBI move to reduce investment risk despite the low yields. Bangalore, May 20 India’s holdings of US Treasuries touched a record of $38.2 billion in March despite depletion in the country’s foreign ...

Nokia Siemens seeks CVC probe into BSNL’s tendering process
Disqualification of 93-million-line contract questioned. New Delhi, May 20 Nokia Siemens has raised its pitch against the tendering process followed by Bharat Sanchar Nigam Ltd (BSNL) by lodging a complaint with the Central Vigilance Commission. ...

Equity mutual funds back on investors’ radar
HNIs, retail investors moving away from debt to equity. Mumbai, May 20 With equities showing buoyancy, a shift in investor interest to equity mutual fund schemes is beginning to show, said ...

Select new issues get positive turn after Monday surge
The strong 75 per cent rally in the Sensex from its March low is giving IPO investors in 2007 and 2008, who had all but lost hope, some reason to ...

NCDEX, MCX re-launch wheat futures from today
Forward Markets Commission clears six contracts. Mumbai, May 20 National commodity exchanges – NCDEX and MCX – are all set to re-launch futures trading in wheat from Thursday after their proposals were cleared by the commodity market ...

Brewing ‘low’ under watch as monsoon enters Bay
Thiruvananthapuram, May 20 The southwest monsoon has kept date by advancing into south Bay of Bengal and the entire Andaman sea on Wednesday, an India Meteorological Department (IMD) update ...

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