On Friday, gold headed for its biggest weekly gain in a month as equities regained strength after fresh European efforts to resolve the debt crisis eased worries about a global recession. Gold gained 1 percent to reach an intraday high of $1,665.99 an ounce and stood at $1,659.10 by 0648 GMT, up $9.75, bullion hit [...]
Archive for October, 2011
Kingfisher Airlines is working with a consortium of banks for further cutting down interest rates and raising working capital as the carrier looks to restructure its fleet by selling and leasing back some of its aircraft to lower debt, its chairman Vijay Mallya said. In a speech at the airline’s annual shareholders’ meeting on Wednesday, [...]
India’s second largest commercial vehicle maker, Ashok Leyland, said it expects its joint venture with Nissan Motors of Japan to sell 55,000 light commercial vehicles in the first year of sale, following a launch recently. The demand for LCVs (Light commercial vehicles) in India is on the rise. From in.finance.yahoo.com: Light commercial vehicle sales in [...]
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