NEW DELHI: Abu Dhabi's commitment to invest Rs 27,000 crore in India may have proved to be the clincher for India agreeing to grant a massive increase in flying rights between the two countries. This commitment was made to top Indian ministers, who visited the oil rich emirate in recent weeks.

NEW DELHI: After completing four days of gains, gold prices spurted here by Rs 400 on Thursday to regain the psychological level of Rs 28,000 per ten grams on sustained seasonal buying amid a firming global trend.   Silver also recovered by Rs 500 to Rs 45,500 per kg on increased offt

      MUMBAI: Software services major TCS on Tuesday overtook state-owned ONGC to become the country's most-valued company, helped by a rise in its share price.   During the morning trade, TCS' market value surged to Rs 2,80,822 crore, the highest for any listed co

  [caption id="attachment_31771" align="aligncenter" width="475"] Image Credit: Ahmed Ramzan/Gulf News ArchivesPeople at UAE XChange in Rolla Square, Sharjah. Remittances are a major source of funds for the developing nations.[/caption] India remains the world’s top remittance recipient w

NEW DELHI: Snapping a four-day losing streak, gold prices rebounded today by gaining Rs 250 to Rs 26,600 per 10 grams in the national capital on fresh buying by stockists and retailers amid recovery in overseas markets. However, silver remained weak for the fifth day by losing Rs 300 to Rs 45,4

NEW DELHI: Gold futures prices on Monday plunged by 6 per cent to hit lower circuit at Rs 26,250 per 10 grams, a level last seen in September 2011 on sustained offloading by speculators after it dipped to over two-year low overseas.At the multi-commodity exchange, gold for delivery in June fell sh

NEW DELHI: Crash-like conditions developed on the bullion market today as gold prices recorded the biggest ever fall of Rs 1,250 per 10 grams to hit one-year low on frantic selling by stockists amid a steep fall in overseas markets. Gold, which had been plummeting this week and traded below R

  New Delhi: Car maker Honda today marked its entry into the diesel vehicle segment in the country with the launch of the compact sedan Amaze. Launched in both petrol and diesel variants, the Honda Amaze aims to be the first real challenge for Maruti Suzuki's Swift DZire. The lowest p

Car sales in India fell for the first time in a decade. Sales are expected to be subdued in the current fiscal year too. High interest rates, rising fuel prices and economic downturn have hurt auto sales. The auto industry, until recently growing at 30 per cent a year, has turned into one plague

  NEW DELHI: Honda is gearing up to take on the Maruti Alto, the country's largest selling car. The Japanese major is studying the idea of getting in a low-price small car below the Brio compact, apart from driving in entry-level sedan Amaze in India. For this, the company is looking into a

Plane maker will soon submit the data to regulators AP Everett, Washington: Boeing put its 787 battery fix through a “final” flight test on Friday and will soon submit the data to regulators, who the aircraft maker hopes will sign off on the new battery system and allow the 787 back in the air. T

Gold dropped to a 10-month low on Thursday as investors cashed in the precious metal to cover steep losses in equities after disappointing US economic data. Gold, a traditional safe haven, also failed to capitalise on tensions in the Korean peninsula, where North Korea has moved what appears to be

JEDDAH: Economic experts expect an increase in the number of expatriate remittances in banks abroad due to fears concerning their future in the Kingdom. The forecast comes in the wake of recent raids by Ministry of Labor officials against illegally residing expats and those not working for their sp

Mumbai: Gold extended losses to hit its lowest level in ten months on global cues, attracting bargain hunters in the wedding season. At 2:51 pm, the most-active gold for June delivery on the Multi Commodity Exchange (MCX) was Rs 140 lower at Rs 29,465 per 10 grams, after hitting a low of

NEW DELHI: Is India losing its shine in the global car market? Car sales crashed to a negative in 2012-13, the fall coming after a decade, as the slowing economy and continuance of high interest rates kept buyer sentiment at its lowest. The industry is already worried as frequent production cuts

MUMBAI: Alongside heavy discounts on airfares, airlines are now setting up major deterrents to cancellations. Jet Airways on Tuesday revised its cancellation charges from a flat Rs 1,050 on all domestic flights to penalties ranging from Rs 200 to Rs 2,000. According to travel agents, as per Jet

  New Delhi: Kingfisher Airlines has paid its staff salaries for June and July 2012, a company spokesman said on Tuesday. Kingfisher, which has been stripped of its flying license and has not flown since October, owes an estimated Rs 13,582 crore to banks, staff, airports and oil comp

The price of petrol was cut by 85 paise per litre on Monday. The new price will take effect from today and is the second reduction in rates in two weeks. The price cut, which was made possible because of a decline in international oil prices, is excluding local sales tax, or VAT. After inc