Business News Mumbai

  • MUMBAI, Aug 23- When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy. "The speed of decision-making is very good for example in Kashmir, but the speed of decision-making on business matters is not good,"...

  • *China gold premiums edge up to $8- $10/ oz from $6- $9 last week. *Hong Kong unrest squeezes bullion market. In top gold consumer China, gold premiums edged slightly higher to $8- $10 an ounce over the benchmark, versus $6- $9 last week.

  • *Jewel traders want huge trade fair postponed. *Leading banks take out ads calling for law and order. HONG KONG, Aug 22- Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewelers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of let-up on...

  • *Jewel traders want huge trade fair postponed. *Leading banks take out ads calling for law and order. HONG KONG, Aug 22- Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewelers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of let-up on...

  • *Jewel traders want huge trade fair postponed. *Leading banks take out ads calling for law and order. HONG KONG, Aug 22- Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewellers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of let-up on...

  • *Jewel traders want huge trade fair postponed. *Leading banks take out ads calling for law and order. HONG KONG, Aug 22- Hong Kong banks published full-page newspaper ads calling for law and order in the Chinese-ruled city and international jewelers sought the rescheduling of a huge trade fair as weeks of pro-democracy protests showed no sign of let-up on...

  • *Eyes on Fed minutes, Jackson Hole symposium for rate outlook. Aug 21- Gold prices eased on Wednesday to hover around the $1,500 level as investors turned cautious ahead of minutes from the U.S. Traders are also awaiting the central bank's annual Jackson Hole seminar later this week with major focus on a scheduled speech by Fed Chair Jerome Powell.

  • *Protests hit retail sector in Hong Kong- dealer. *China premiums at $6- $9/ oz. "We're consistently seeing people coming to sell gold," said Brian Lan, managing director at Singapore dealer GoldSilver Central.

  • Young woman using laptop computer

    India's booming IT scene is creating a wealth of high paying opportunities, according to a new study identifying the country's most lucrative tech professions.

  • Aug 9- Gold prices steadied on Friday, on course for their best week in over three years, as dovish central banks, escalating U.S.- China trade tensions and negative debt yields around the globe kept prices close to $1,500 per ounce. Spot gold was down 0.1% at $1,498.97 per ounce at 1:56 p.m. EDT after it broke through $1,500 for the first time since April 2013...

  • China premiums ease to $6- $10/ oz from $10- $12. BENGALURU/ MUMBAI Aug 9- Activity in physical gold markets in major Asian centres was quiet this week as surging prices kept consumers away, with political turmoil further squeezing demand in Hong Kong. But people are more interested in betting on silver than on gold, "said Samson Li, a Hong Kong- based precious metals...

  • LONDON, Aug 9- Trade war worries and the prospect of early elections in Italy and Britain hit European markets on Friday, while the week's search for safety left gold on course for its best week in three years, Japan's yen near an eight-month high and bonds surging. A turbulent week dominated by a symbolic drop in China's currency was not finished yet.

  • Aug 9- Gold was on course for its biggest weekly gain in more than three years on Friday as it held above $1,500 an ounce on heightened trade tensions between Washington and Beijing. Spot gold was up 0.2% at $1,502.57 per ounce at 0847 GMT, after it surpassed $1,500 for the first since April 2013 earlier this week. We don't rule out technical corrections, but $1,500 is...

  • Tata Motors, which had previously flagged a "challenging external environment," said it closed some blocks at its Pune plant in the western state of Maharashtra. Shares of Tata Motors and M&M fell between 1.8% and 2.4% before cutting losses in a broader Mumbai market that was 1.3% higher as of 0720 GMT. The crisis has also hit smaller auto parts makers like Jamna...

  • Dhvanil Sheth, founder and CEO of Skillmatics.

    Have you ever caught yourself trying to scroll up on a paperback book? For most, it might result in a moment of self-loathing. For Dhvanil Sheth, it marked the birth of a $2 million company.

  • BENGALURU, Aug 7- India's Reliance Industries Ltd is partnering with iconic U.S.-based luxury jeweler Tiffany& Co to open a line of stores in the country, adding yet another marquee name to its growing portfolio of brands. Tiffany, popular for its engagement rings and robin's egg blue boxes, plans to open stores in New Delhi and Mumbai in the second half of fiscal...

  • *India cbank maintains its "accommodative" stance. MUMBAI, Aug 7- The Reserve Bank of India lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India's near-five year low economic growth pace. The RBI's move came hours after the New Zealand central bank's...

  • *China set to see vehicle demand drop for 2nd year in a row. *China plant utilisation seen below break-even for many car firms. BEIJING, Aug 1- Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the two world's most populous markets are not living up to earlier heady expectations.

  • *New Delhi prohibits AB InBev from selling beer brands. *New Delhi is a critical market for any beer company in India. NEW DELHI, July 30- India's capital city has banned the world's largest brewer, Anheuser-Busch InBev, from selling its products in the key New Delhi market for 3 years for allegedly evading local taxes, government orders seen by Reuters showed.

  • *Gold looks neutral in a range of $1,412- $1,427/ oz- technicals. Spot gold was up 0.2% at $1,419.91 per ounce as of 0456 GMT. "This week we have the FOMC meeting, where we are likely to see a dovish outlook- this will lead to weakness in the dollar and will eventually trigger some upside in gold prices," said Kunal Shah, head of research at Nirmal Bang Commodities in Mumbai,...