Gold racks up strongest annual gain in 3 yrs
Gold rose on Friday, notching up its strongest annual performance since 2007 and marking a fifth straight month of gains in December, driven by a weaker dollar and global economic uncertainty.
Check out: 5 key issues facing the ECB in 2011
The European Central Bank faces another crucial year in 2011. Below are the five key issues facing the bank as it tries to steer the euro zone out of the ongoing debt crisis.
Suspected suicide bomber kills 21 at Egypt church
A bomb killed at least 21 people outside a church in the Egyptian city of Alexandria early on New Year's Day and the Interior Ministry said a foreign-backed suicide bomber may have been responsible.
Govt to overhaul decade-old telecoms policy
India plans to overhaul its decade-old telecoms policy, framing new rules on mergers and on radiowaves, Telecoms Minister Kapil Sibal said on Saturday, seeking to revamp a high-growth sector hit by several scandals.
German 2010 growth strongest since unity: Official
The German economy likely had post-unification record growth in 2010 despite severe winter weather that curtailed activity in December, Economy Minister Rainer Bruederle said on Saturday.
NTC raises $32.46m via land auction
National Textile Corporation (NTC) has raised 1.46 billion rupees ($32.46 million) by selling two of its surplus mill lands in the western Indian city of Gujarat via e-auctions.
JSW emerges top bidder for Bellary Steel & Alloys
India's third largest steelmaker, JSW Steel Ltd, has emerged as the highest bidder for debt-laden steel producer Bellary Steel & Alloys Ltd, a report in the Business Standard newspaper said on Saturday.
Obama's New Year's resolution? Fix the economy
President Barack Obama has set his New Year's resolution high for 2011: repair the struggling U.S. economy.
Oil hits 26-month high to end 2010 up 15%
Oil prices hit a 26-month high over USD 92 a barrel on Friday, closing the year up 15% on expectations that the economic recovery will drive demand growth next year and send prices into triple digits.
Where should you put your money in 2011?
With all of the stimulus coming from the Federal Reserve and the tax-cutting Congress, 2011 should be a banner year for the U.S. economy and your money, right? Unless, of course, a double dip in housing, weak state budgets and persistent lack of hiring dooms everything.
Sarkozy says euro's demise would be end of Europe
French President Nicolas Sarkozy said on Friday he would fight to shield the euro as the currency's members struggle with a debt crisis and vowed to fufil France's commitments to improve its own finances.
New Millennium, Tata Steel in talks to extend deal
New Millennium Capital Corp said it is in talks with India's Tata Steel to extend the exclusivity agreement, which expired on Friday, for the development of its iron ore projects in Quebec.
RBI launches Order Books, Inventories and Capacity Utilisation Survey : Round 12
RBI launches Order Books, Inventories and Capacity Utilisation Survey : Round 12
RBI launches Quarterly Industrial Outlook Survey for January-March 2011
RBI launches Quarterly Industrial Outlook Survey for January-March 2011
The Dhanalakshmi Bank sells 8.71 lakh shares of Usher Agro
On December 31, 2010 Raga Finvest Limited boyght 209,878 shares of Usher Agro at Rs 92.76 on the BSE and Sanghai Commercial & Credits Pvt Ltd bought 200,000 shares at Rs 92.69.
ITF Mauritius sells 2.3 lakh shares of Surana Ind
On December 31, 2010 ITF Mauritius sold 230,000 shares of Surana Ind at Rs 299.77 on the BSE. Praiseworth Real Estates Pvt Ltd bought 175,000 shares at Rs 305. Yesterday the share closed at Rs 289.90.
Arrow System buys 1.59 lakh shares of Marg
On December 31, 2010 Arrow System Pvt Ltd. bought 159,000 shares at Rs 151.49 on the BSE. However, Ramakrishna Reddy Gorrepati sold 160,000 shares at Rs 151.49. Yesterday the share closed at Rs 151.50.
Cartier Leafin sells 2.83 lakh shares of Great Offshore
On December 31, 2010 Cartier Leafin Pvt Ltd sold 283,000 shares of Great Offshore at Rs 390 on the BSE. Yesterday the share closed at Rs 386.75.
Cresta Fund sells 68.25 lakh shares of Assam Company
On December 31, 2010 Cresta Fund Limited sold 6,825,000 shares of Assam Company (India) at Rs 20.15 on the BSE. However, Link Holdings P Ltd bought 6,825,000 shares at Rs 20.15. Yesterday the share closed at Rs 21.10.
Ravi Kiran: We are measured by our billing
Starcom MediaVest Group's outgoing CEO, South Asia tells Forbes India that in a margins-driven media industry, the focus is on getting the best rate, not on creativity
The Neemrana art of resurrection
Aman Nath and Francis Wacziarg talk about restoring heritage buildings and what it takes to create a unique identity in a crowded sphere.
Going Goa
The tourism industry had plenty to cheer about in 2010. Not only has there been a surge in domestic travellers, the economy has also moved away from the dreaded R-word. Goa, with its beaches and booze, is the ultimate party destination for most in India
Indian ADRs: MTNL, Patni up, Wipro, Sterlite down
Indian ADRs ended mostly mixed on Friday. In Banking space, ICICI Bank was up 0.63% at $50.64, while HDFC Bank was down 0.29% at $167.11. In Telecom space, Tata Communication was up 0.71% at $ 11.35 and MTNL was up 2.37% at $ 2.46.
US markets end strong year and month with quiet day
US stocks closed out a year of double-digit gains and the S&P's best December since 1991 with a quiet and little changed session on Friday as investors found no reason to make big bets ahead of the new year.
