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Gold demand in India to rise: WGC
NEW DELHI: Economic reforms are expected to drive up gold demand in the country in 2018, feels Alistair Hewitt, Director for Market Intelligence with the World Gold Council. In an interview to business news channel BTVI, Hewitt said economic reform policies will lead to a “rise in incomes, people will ultimately be better off as a result... The economic analysis we have done shows that rising wealth in India correlates with
 
 
GST rate cut, upbeat Q3 results propel Nifty50 to 10,900-mark
MUMBAI: Extending gains for the third consecutive session, the key Indian equity indices on Friday zoomed to new highs, with the NSE Nifty50 crossing the psychologically important 10,900-mark for the first time. According to market observers, positive global cues, coupled with upbeat quarterly corporate earnings and healthy buying in banking stocks, gave momentum to the upward rally of the key indices. In addition, the Goods
   
NSE to auction debt investment limits of Rs9,475cr bonds
MUMBAI: The National Stock Exchange (NSE) on Friday said it will auction debt investment limits to enable foreign investors to purchase corporate bonds worth Rs9,475 crore. The auction will be conducted on Monday (January 22) on its “nse-ebid” platform post-market hours from 3.30pm to 5.30pm, the NSE said in a circular. The leading bourse conducted a mock bidding session on Friday during market hours from 2.30 p.m. to post-
 
 
BSE to launch e-mandate facility to reduce SIP registration time
New Delhi: Stock exchange major BSE on Friday said it will introduce e-mandate facility on its Mutual Fund distribution platform − BSE StAR MF − from Saturday in order to reduce the time taken for Systematic Investment Plan (SIP) registration. “This is completely paperless framework that will reduce the time taken for mandate approval to three days from 10 to 35 days taken for paper based mandate approval,” the BSE said in a
   
Pakistan joins Trillion Dollar Markets Club
ISLAMABAD: Pakistan has been made member of Trillion Dollar Markets Club. Members of the Trillion Dollar Markets Club are countries whose economies, measured by GDP on a purchasing power parity basis in current dollars, have grown larger than one trillion dollars. The collective purchasing power of consumers in these countries is estimated to be in excess of one trillion dollars. Based on October 2017 IMF/World Bank estimates,
 
 
Honda Cars India recalls over 22,834 units
NEW DELHI: Automobile manufacturer Honda Cars India (HCIL) on Friday recalled 22,834 vehicles as part of its “precautionary global recall” to fix a faulty passenger-facing front airbag. “HCIL today announced that it will voluntarily replace Takata passenger front airbag inflators of 22,834 vehicles of 2013 model of Accord, City and Jazz as part of Honda’s precautionary global recall campaign concerning Takata front airbag
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