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Gold futures rise Rs 695 to Rs 87,623/10g

New Delhi, Apr 8 (PTI) Gold prices on Tuesday rose Rs 695 to Rs 87,623 per 10 grams in futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery traded higher by Rs 695 or 0.8 per cent at Rs 87,623 per 10 grams in a business turnover of 14,966 lots. Fresh positions built up by participants led to a rise in gold prices, analysts said. Globally, gold futures increased 0.67 per cent to USD 3,003.41 per ounce in New York.

Stock markets rebound after Monday’s crash: Sensex jumps 1,089 pts tracking firm global trends

Mumbai, Apr 8 (PTI) Stock markets rebounded sharply on Tuesday, a day after facing the worst drubbing in 10 months, as benchmark Sensex recouped 1,089 points after across-the-board value buying amid firm Asian and European markets. The 30-share BSE Sensex jumped 1,089.18 points or 1.49 per cent to settle at 74,227.08 with 29 of its components ending in the green. During the day, it climbed 1,721.49 points or 2.35 per cent to 74,859.39. The NSE Nifty surged 374.25 points or 1.69 per cent to 22,535.85. Intra-day, the benchmark soared 535.6 points or 2.41 per cent to 22,697.20. Sensex tanked 2,226.79

India’s Titan shines on jewellery business revenue boost

April 8 (Reuters) – Shares of Indian jeweller Titan Company rose as much as 5% on Tuesday to be the second-biggest gainer on the benchmark Nifty 50 index, as demand for costlier jewellery and gold coins boosted its quarterly revenue by one-fourth. Titan was last up 3.4% at 3,126 rupees in Mumbai as of 11:20 am IST while the Nifty 50 index gained 1%. In the January-to-March period, Titan’s stock underperformed compared with the broader market, which analysts attributed to concerns that a record rally in gold prices would affect demand in its mainstay jewellery business that includes plain and

Supreme Court sets aside HC order for CBI probe into creation of supernumerary posts by WB cabinet

SC - Supreme Court of IndiA

New Delhi, Apr 8 (PTI) The Supreme Court on Tuesday set aside part of the Calcutta High Court judgement ordering a CBI probe into the West Bengal cabinet’s decision to create supernumerary posts in state-run and aided schools. The top court, however, made it clear the CBI probe as directed by the Calcutta High Court into other aspects related to the appointment of 25,753 teachers and staffers in West Bengal’s state-run and aided school would continue. A “supernumerary post” refers to a temporary position created to accommodate an employee who is entitled to a regular post which is unavailable currently

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