Reuters.
Government approves hefty rise in gas prices
NEW DELHI - India took the unpopular step of approving a gas price rise for the first time in three years on Thursday, a move which could inject much needed investment in local production but boost imports of more costly liquefied natural gas (LNG).
Accenture revenue misses estimates on lower consulting income
REUTERS - Outsourcing and consulting services provider Accenture Plc reported lower-than-expected quarterly revenue as consulting income dropped 2 percent.
- Wall Street rallies for third day as Fed concerns fade
- Rupee backs off record lows; lower current account deficit supports
- Postal department to apply for bank licence: official
- Won't get fooled again: physical gold buyers sit out this price rout
Daughter says Mandela "still there", raps media
Nelson Mandela's eldest daughter lambasted foreign media "vultures" for violating her father's privacy as he lay critically ill in hospital, and said the former S.African president was still clinging to life. Full Article
Djokovic and Serena restore calm at Wimbledon
An air of calm descended at Wimbledon on 'Tranquil Thursday' as Novak Djokovic and Serena Williams avoided the trail of destruction that had decimated the field at the All England Club on day three of the grasscourt major. Full Article | Federer: down but not out
Mass cremation of flood victims in Uttarakhand
India began the mass cremation of bodies recovered after devastating floods in Uttarakhand, government officials said on Thursday, adding that hundreds of people were still missing. Full Article
RBI further tightens gold import rules
The Reserve Bank of India squeezed gold buyers further on Thursday, ruling out any credit transactions for imports unless they were intended to make jewellery for export, as it looks to rein in a record current account deficit. The RBI said the restrictions would also apply to imports of gold which do not have a fixed price. Full Article
Obama jabs Russia, China over Snowden
U.S. President Barack Obama said he would not start "wheeling and dealing" with China and Russia over a U.S. request to extradite former American spy agency contractor Edward Snowden. Full Article
Latest Headlines
- RBI says financing of current account gap a key challenge
- RBI further tightens gold import rules
- Gold sinks below $1,200 for first time in nearly 3 years
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