business

Copper surged to a nine-month high on optimism that the gains in the equity markets signal a recovery in global growth, which will increase the demand for the industrial metal. Copper has gained more than 74% this year as demand rose in China, the world’s largest buyer, and the US housing market stabilized. The gains … Read more Copper surges to a 9-month high on hopes of increased demand

The government is contemplating a move to raise the investment cap for the foreign institutional investors (FII) in the government securities market. The move is aimed at promoting the demand for government paper and ensuring that the sovereign borrowings do not crowd out the private demand. Presently, FII investment in government securities is capped at … Read more Government may raise FII limit in gilts to prevent crowding out

The second largest private sector lender of the country, HDFC Bank, is considering opening 300 new branches this fiscal. The bank has already secured necessary approvals for the same, as added by an official of the bank. At present, the bank has total 1,412 branches across India, which will stand increased to 1,712 after opening … Read more HDFC Bank plans to add 300 new branches this fiscal

Monsoon rains have improved significantly after scaring the Indian economy of a worst drought in 80 years. There was above-average rainfall last week for the first time since it took-off in late May. The development will help the kharif crop that is under sowing and include crops like rice, sugarcane cotton and oil seeds, etc. … Read more Monsoon rains improve, deficiency comes down to 27%

Aptech’s aviation training arm, Avalon Academy has entered into a memorandum of understanding (MoU) with Thomas Cook India (TCIL) to offer a specialized Diploma Program in Travel and Tourism. This industry-academia partnership is aimed at creating talent for the industry. The course would be a one year comprehensive program in travel and tourism including four … Read more Aptech – Avalon Diploma Program in Travel and Tourism

The Ruias owned Essar Oil intends to ramp up its retail fuel network to 1,500 fuel stations in current fiscal from its present 1,244 outlets. On an average, company plans to set up 15-20 outlets every month in order to cross the 1,500 mark. The plan is part of company’s layout to set up 2,500 … Read more Essar Oil to ramp up retail fuel network to 1,500 fuel stations in FY’10