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Ration shops in Mumbai to be linked with biometric system

Government is keen on curbing illegal distribution of food grains by rationing shops (Representational Image)

Once the biometric system is in place, one will only need to touch his thumb on a device and officials at Mantralaya state secretariat will get all the details of the amount of food grains given to the buyer

India's ability to absorb economic shocks is stronger: Arun Jaitley

Finance Minister Arun Jaitley (Photo Credit: AP)

International factors obviously have an impact considering the vast depth and size of the Indian market

Web firms urge Trai, DoT: Stay out of ‘Net neutrality’

Riding on a wave of public sentiment in their favour, all Internet companies, big and small, have urged telecom regulator Trai and the department of telecommunications to stay away from Net neutrality

Reliance Industries Ltd posts 22.8 per cent rise in profit

Reliance Industries Limited

Reliance Industries Ltd (RIL) posted a 22.8 per cent rise in its standalone net profit for the quarter ended March 2015 led by strong performance in its refining business.

World Bank chief praises Jan Dhan Yojna

World Bank chief Jim Yong Kim on Friday said that the “strong visionary leadership” of Prime Minister Narendra Modi has resulted in “extraordinary effort” by India on financial inclusion of its people

Deepak sold stake in MCFL

Deepak Fertilisers has sold 18.45 per cent stake in Mangalore Chemicals and Fertilizers Ltd (MCFL) for nearly Rs 192 crore over two days this week, backing down from the takeover bid with rival Zuari

Gold up on jewellers buying, global cues; silver remains weak

Gold of 99.9 and 99.5 per cent purity recovered by Rs 85 each to Rs 27,075 and Rs 26,925 per 10 gm (Representational Image)

Gold rise up by Rs 85 per 10 gm on the other hand, silver ready shed another Rs 100 per kg

The rupee reacted marginally downwards by five: Forex

The domestic currency had gained by 18 paise or 0.29 per cent in the last week (Representational Image

The rupee opened slightly lower at 62.33 per dollar as against the last weekend's level of 62.31

India frets trade gains could unravel as deficit widens

Make in India campaign to boost export-oriented investment (Representational Image;Photo: PTI/File)

Growth in exports is very important for India to meet its ambition of growing at double digits

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.