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Gold soars to new record

NEW DELHI: Gold prices soared to an all-time high of Rs 18,660 per ten grams in the national capital on Tuesday on aggressive buying by stockists and jewellers for the ongoing marriage season amid a firming global trend.

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Minimum death benefits on ULIP pensions

By Tensing Rodrigues
I have read recently that IRDA has prescribed that all ULIP pensions and annuity products should carry a minimum sum assured payable on death. Will that not make sure that ULIP Pensions are not sold in place of MFs? — Anthony Lacerda

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PM promises steps to tame inflation to 5-6% by Dec

NEW DELHI: With his government under attack over high prices, the Prime Minister, Dr Manmohan Singh on Monday said inflation would come down to 5-6 per cent by December and projected an 8.5 per cent economic growth for this fiscal.

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Air Arabia to operate two additional weekly

PANAJI: In response to increasing seasonal demand for low-cost services to Goa, Air Arabia has announced that it will now offer five weekly flights between the carrier’s hub in Sharjah, UAE, and Goa.

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Profit-booking spoils Ambani truce party; Sensex ends flat

MUMBAI: The surprise peace between warring Ambani brothers powered stock markets on Monday, with the benchmark Sensex shooting up by 312 points in early trade but swift profit-booking minutes before the closing bell saw the index ending just 24 points higher.

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