Global financial majors, who until recently viewed India as a safe investment decision, are having second thoughts.
In its order that rejected a proposal by NCDEX to slash the transaction charges in its evening session of trade, FMC said the exchange's settlement guarantee fund has fallen to meagre Rs.5.05 lakh at the end of calendar year 2008. Performance audit done by the auditors at the behest of FMC shows that the exchange also earned an interest of Rs.24.87 crore on this fund during March 2004 to March 2006.
World champion Viswanathan Anand played out a hard-fought draw with Grandmaster Lenier Dominguez of Cuba in the third round of the 22nd Ciudad de Leon chess tournament in Linares on Sunday. Taking his tally to 1.5 points out of a possible three, the Indian ace remains in the joint third spot in the eight-player double round-robin tournament.
World champion Viswanathan Anand frittered away a superior position as he went down to Armenian Grandmaster Levon Aronian and slipped to the joint third spot after the second round of the 22nd Magistral Ciudad de Linares chess tournament in Linares. Having started with a brilliant victory against Teimour Radjabov in the opener, Anand had a big advantage before he suddenly missed some simple tactics and lost without much resistance.
Breaking all previous records, gold prices on Saturday surged to a new peak at Rs 16,349 per 10 gram in futures trade, as traders increased their exposure in the precious metal following melting stock and forex.
Identifying Ajmal Amir Kasab as the 'prime suspect' in the Mumbai attacks, Pakistan has formally requested India to hand over the lone terrorist captured alive during the terror strikes, to facilitate successful prosecution of other arrested accused. "The government of Pakistan has formally requested the Indian government to hand over the custody of Ajmal Kasab because he is the prime suspect," Deputy Attorney General Sardar Mohammad Ghazi said.
Asserting that "maritime muscle flexing" by some countries and other factors have made the Indo-Pacific region "more contested and more volatile," naval chief Admiral Sunil Lanba on Tuesday said that the Indian Navy has its task cut out as it has been a major security provider in the region.
Gold prices rallied by Rs 220 per ten grams to resume at Rs 14,275 on the bullion market in Mumbai on Wednesday on hectic stockists buying triggered by higher New York advices.
Amid a spurt in terror attacks in various countries, Prime Minister Narendra Modi on Thursday said terrorism is the "gravest threat" to the world, "equally impacting" India and Mozambique which agreed to strengthen security and defence ties and bolster cooperation in food security.
Tracking weak stock markets, the rupee today plunged by 65 paise to 55.97, its lowest closing in over three weeks, against dollar amid fresh Eurozone worries and month-end US currency demand from oil firms.
Rediff.com's Sheela Bhatt, who is accompanying Prime Minister Manmohan Singh on his trips to Russia and China, notes that Moscow and New Delhi work together professionally and via a shared common approach on crucial issues.
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