Gold slipped to a four-month low on Wednesday, forced by a weaker euro as investors fretted about the political upheavals in Greece that endanger to sink the country into turmoil and put at risk the euro zone’s efforts to end the debt crisis. Spot gold lost more than 1 percent to a four-month low of [...]

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Indian infrastructure conglomerate GMR group will release the country’s first long-term infrastructure bonds following month to raise Rs 360 crore for its highway project by means of credit enhancement plan of the state-owned lender India Infrastructure Finance Company Ltd (IIFCL). http://www.iifcl.org In the direction of this, IIFCL would ensure the bonds issue to the tune [...]

Maruti Suzuki overcome street expectations Saturday as fourth quarter net earnings dropped lower-than-expected 3% from a year ago to Rs 640 crore, assisted by a come back in sales and a spike in other income.   Net product sales for the three-month-period were way up 17% year-on-year to Rs 11,486.4 crore. On a continuous basis, [...]

Reserve Bank of India cut the Repo rate by 50 bps to 8%. The Cash Reserve Ratio is not changed now and remained left at 4.75% This move from RBI is first time that it cuts Repo rates since last three years. RBI Governor taking all the necessary steps to bring liquidity conditions in the [...]