Business

Gold prices in New York shot up by $34 to $1,735.30 an ounce, its biggest single-day gain since February 29.

Air India, which ordered 27 Dreamliners six years ago, would get two more of these planes in the next few weeks.

The Dreamliner will help the national carrier augment and expand its network, Boeing said.

The Infosys chief financial officer said the company is also looking to ramp up its business in France and Germany.

The 50-share NSE Nifty recovered quite nicely in the second half of trade, to claw back above the 5250 level amid volatility.

The US investment house had previously projected Asia's third largest economy to grow 5.8 per cent in the year ending March.

The Sensex provisionally rose 0.46 per cent, while the Nifty rose a provisional 0.52 per cent.

Spot gold was up 0.3 per cent at $1,674.89 per ounce by 0324 GMT, after posting a 3.4-per cent rise last week.

Samsung Electronics shares tumbled more than 7 per cent on Monday, wiping $12 billion off the South Korean giant's market value.

The Sensex opened flat and continue to slide as selling in rate-sensitive shares as well as IT stocks increased.

Bharti Airtel said this month it was considering a sale of up to 10 per cent of Infratel in the IPO.

A fall in key stocks like RIL, ICICI Bank, Infosys, Tata Steel, L&T, SBI, M&M and Jindal Steel kept the market under pressure.

The BSE Sensex provisionally rose 0.05 per cent, while the Nifty added 0.05 per cent.

If the international prices decline and the rupee strengthens, there might be some improvement in gold deman.

Kingfisher Airlines was operating only six A-320s and five ATRs as six of its 17 aircraft fleet were grounded.

The maximum age limit for government jobs had been increased from 35 to 40 years for general category candidates.