Future

Three Gold Mines, With Billions In Estimated Reserve, To Be Auctioned

The government is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government $36 billion (nearly Rs. 2.5 lakh crore) last year. Economically crippling shipments of up to 1,000 tonnes ... Read More »

Guess How Many Crores Indians Spent to Buy Gold in Last 10 Years

India’s love for gold has hurt the economy, experts say India is the world’s second biggest consumer of gold after China and three-quarters of the net imported gold into the country is bought by retail buyers for jewellery. Over the last 10 years, gold worth $267 billion (Rs. 18 lakh crore at 68 rupees per US dollar) has been bought ... Read More »

Sensex Rises Over 250 Points, Nifty Settles Above 7,150

The Sensex and Nifty rose for the second straight day on Thursday on the back of broad-based buying. Asian stocks rose across the board as crude oil steadied on hopes that big producers will cap output. Minutes from the US Federal Reserve also showed policymakers were divided over how to interpret the financial market volatility, suggesting it was backing away ... Read More »

UK Sinha Assumes Office, Begins New Term As Sebi Chairman

New Delhi: U K Sinha today began his new term as Chairman of capital markets regulator Sebi following his reappointment to this position by the government. Sinha, who became Chairman of the Securities and Exchange Board of India (Sebi) on February 18, 2011, was initially appointed for a three-year term and was later given a two-year extension. Days before his ... Read More »

Real Cricket 16 for Android and iOS Announced

Real Cricket 14 remains one of the better representations of the sport on Android and iOS. This comes despite competition from the likes of Disney India’s ICC Pro Cricket games and a myriad of cookie-cutter clones that clutter the App Store and Google Play. It’s been a while since we’ve seen a new entry in the series. The last major ... Read More »

HTC to Preload Keeper Security Password Manager in Upcoming Smartphones

HTC on Tuesday announced that it has partnered with Keeper Security, the maker of Keeper password manager and digital vault app, to give enhanced password security to its users. HTC adds that the application will come pre-installed in select HTC models this year. Users will get the option to choose the premium or the free version. The Keeper app will ... Read More »

Smartphone Graphics to Rival PlayStation 4, Xbox One in 2017: ARM

Every year we see smartphone companies boast about the processing and graphics capabilities of their device. And rightly so – the modern smartphone is immensely powerful, and comparable to desktop PCs from just a few years ago. Whether it’s gaming, or its affinity to mimic your desktop computer, we have come a long way. And in less than two years, ... Read More »

ECB Says Ready to Ease Policy Further in March

ECB President Mario Draghi dismissed criticism that the central bank was running out of ammunition. Brussels/Frankfurt: The European Central Bank is ready to ease policy further in March, President Mario Draghi said on Monday, highlighting risks from financial market volatility, a global slowdown in growth and low oil prices. The ECB will examine risks emanating from weaker emerging market growth ... Read More »

Disinvestment May Get Boost As Sebi Tweaks OFS Norms

New Delhi: In a move that may give a boost to the government’s disinvestment plan, the Securities and Exchange Board of India (Sebi) on Monday agreed to its suggestion for cutting the advance notice period for OFS (offer for sale) to one day and allowed retail investors to place their bids a day later for such share sales. Currently, listed ... Read More »

Exports Seen Sharply Lower at $260 Billion in FY16: Trade Body

New Delhi: As India’s exports fell for the 14th month in a row, exporters said the country may end up with outbound shipments of $260 billion in 2015-16, sharply lower than the $310.5 billion mark achieved in the previous fiscal year. “We may end up with exports of around $260 Billion in 2015-16,” said S C Ralhan, president of exporters’ ... Read More »