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According to a conservative estimate of Directorate of Revenue Intelligence (DRI), the total market of smuggled gold in India is nothing less than Rs 9,000 crore.

Gold nearing Rs 36,000-mark

The upward trend was supported by the comments of the US Federal Reserve, acknowledging that the dollar was overvalued.

20 July 2019 8:03 AM IST

Oyo founder to buy back $2 billion shares

Agarwal will buy part of the shares held by Lightspeed Venture Partners and Sequoia India.

20 July 2019 7:38 AM IST

The US-China trade war is not going to be beneficial for Indian exports. On the contrary, India faces a threat of dumping by China.

Trade war may not help Indian exports

Capital goods account for only 3.71 per cent of India's exports to the US and electrical and electronic goods do not...

19 July 2019 7:00 AM IST

In FY19, the country exported agri goods worth Rs 923 crore to China against Rs 464 crore in FY18, a growth of 99 per cent. Guar gum, fresh grapes and pulses witnessed good growth.

Agri exports to China double

In dollar terms the growth was 83 per cent from $72 million in FY18 to $132 million in FY19.

19 July 2019 6:49 AM IST

Air cargo volumes have recorded declines as unresolved disputes and the imposition of trade tariffs led to a marked slowdown in international trade flows. (Photo: ANI)

International airfares likely to drop

Air India, Indigo, SpiceJet and Go Air are expected to benefit from the move.

18 July 2019 1:25 AM IST

Once activated, the in-app SOS button generates a trigger alert to OYOs Safety Response Team with the guest, booking, location and emergency contact details.

Oyo buys Innov8 to enter commercial real estate

Though the company did not disclose the deal size, sources said that it could be a $30 million all-stock deal.

17 July 2019 7:07 AM IST

Cotton yarn mills are cutting down production due to lower demand from both domestic and export markets.

Cotton yarn mills cut output as orders dry up

Almost 60 per cent yarn mills, which are largely small and medium units, have cut their production.

17 July 2019 7:01 AM IST

As circular trading was becoming rampant in the import of cut and polished diamonds, the government increased duties twice last year to check this.

Jobs hit as diamond industry cuts output

According to him, multiple issues are affecting the industry. Companies have been facing working capital crunch due to...

15 July 2019 7:55 AM IST

The outperformance is mainly attributable to the record level of investments worth $11.1 billion in infrastructure and real estate.

PE/VC investments up 27 per cent in H1

In the best half yearly performance, investments worth $23.4 billion were recorded across 536 deals in H12019.

13 July 2019 2:51 AM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

Realty projects of over Rs 4L crore stuck

Developers are joining hands to complete the projects.

13 July 2019 2:40 AM IST

Snapdeal is estimated to have raised over USD 1.7 billion so far in multiple funding rounds.

Casio sues Snapdeal over fake goods

Snapdeal said that it will approach the court for review and modification of the order.

13 July 2019 1:22 AM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold may move up in H2: World Gold Council

Price momentum and positioning may fuel rallies and create pullbacks, as investors continuously reassess their...

12 July 2019 1:54 AM IST