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RBI snaps up USD 49.2-billion in April- February, highest in 7 years

Reserve Bank Of India

The RBI buys these excess dollar supply and add to their reserves. This is a way to maintain orderly movement of the rupee

Weak gold may lift sales by up to 25 per cent this Akshaya Tritiya

Gold price leading up to a spike towards the occasion of Akshaya Tritiya (Representational Image)

The gold price in the domestic industry is now hovering at Rs 25,600 level

Foreign fund inflows cross Rs 83,000 crore this year

Foreign Portfolio Investors have bought shares worth Rs 2,984 crore till April 17 this month (Representational Image)

The net inflows by overseas investors in debt markets stood at Rs 1.59 lakh crore in last year 2014

ONGC to take over Tapti gas field facilities

ONGC will lay a small length of pipeline from the Daman field to the process platform (Representational Image)

ONGC holds 40 per cent interest in the Panna-Mukta and Tapti fields while RIL and BP have 30 per cent

LIC buys Rs 300 crore Infosys shares in Q4, raises stake to 4.81 per cent

LIC of India is the biggest institutional investor in the stock market

The state-run firm has been increasing its holding in Infosys since the January-March quarter 2014

Six Sensex cos add Rs 53,284.6 crore to m-cap, Sun shines

BSE sensex fell 437.28 points during the week to end at 28,442.10 on Friday (Representational Image)

The top 10 Sensex companies rose Rs 53,284.6 crore in the week

IRCTC to offer baggage insurance for train passengers

Passengersr can claim the insurance money in case of lost or theft of the baggage (Representational Image)

Passengers are also now offered e-catering and concierge services while booking tickets on certain trains and routes

E-commerce boom spurs record demand for VRL Logistics IPO

ICICI Securities and HSBC Securities were the advisers for the VRL Logistics share sale (Representational Image)

VRL Logistics Ltd IPO has encountered record demand, drawing bids for more than 70 times the number of shares on offer late last week

Coal India draws logistics strategy to push coal evacuation

Coal India will be able to increase evacuation by 5-8 per cent in the immediate term (Representational Image)

State-owned power generation companies of South India along with Railways and explored all possibilities to provide them more coal

Woman director norms are for 'gender diversity': SEBI

A minimum of Rs 50,000 fine will be levied from the non-compliant companies (Representational Image)

A senior SEBI official said the requirement of appointing women directors on the boards of companies is seen as a gender issue

Market Wrap

Gold vs. equities

(Representational image)

People still love gold. However much we tell them that the returns are poor, gold still draws folks to it. Recently on the social media pages, I came across some interesting data:

Technomics

Airtel defends toll free platform; supports net neutrality

The company has drawn flak on social media for violating the concept of net neutrality

Airtel Zero is an open-marketing platform that allows customers to access certain mobile apps for free with charges being borne by the app makers

When William Blake published his The Tyger in 1794, he carefully replaced the usual “i” of “Tiger” with a “y” in order to suggest the extraordinariness of the apocalyptic beast.

Official visits by heads of state or government are like vital surgical operations — if you come out of the operation theatre alive and are back in your room, it is deemed a success.