Gold up on buying, euro strength after Macron's win in

 France Spot gold rose 0.2 percent to $1,229.90 per ounce as of 0124 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17. Gold firmed on Monday as bargain-hunters moved in after prices dipped to seven-week lows and as the euro strengthened after expected win of pro-EU candidate Emmanuel Macron in the French presidential election. * Spot gold rose 0.2 percent to $1,229.90 per ounce as of 0124 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17. * Gold last week saw its biggest weekly percentage fall since the week ending Nov. 11, ending over 3 percent lower. * U.S. gold futures were up 0.3 percent at $1,230.50 an ounce. * In early Asian trading, the euro hit its highest since Nov. 9 after centrist Emmanuel Macron comfortably won the French presidential election. * Macron was elected French president on Sunday with a business-friendly vision of European integration, defeating Marine Le Pen, a far-right nationalist who threatened to take France out of the European Union. * U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that likely seals the case for an interest rate increase next month despite moderate wage growth. * Gold demand in India could be muted in the second half of 2017, as the rollout of a new national sales tax from July is expected to dent appetite in the world's second-biggest consumer, the World Gold Council (WGC) 

Oil prices rise on expectation of output cut extension 

The rise came after steep falls last week on the back of ongoing high supplies from countries that aren't participating in the cuts, including the United States where output is soaring. Oil prices rose on Monday on a growing conviction that an OPEC-led production cut initially scheduled to end in June would be extended to cover all of 2017, although a relentless increase in U.S. drilling activity is seen capping gains. The rise came after steep falls last week on the back of ongoing high supplies from countries that aren't participating in the cuts, including the United States where output is soaring. Traders said the victory of Emmanuel Macron in the French presidential elections against far-right Marine Le Pen also supported oil prices as it raised hopes of a more stable European economy. "The market viewed the fall as overdone," ANZ bank said on Monday. Brent crude futures, the international benchmark for oil prices, were at $49.85 per barrel at 0020 GMT on Monday, up 75 cents, or 1.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $46.87 per barrel, up 65 cents, or 1.4 percent from the last close. 

Nokia 3310, pre-orders from May 5 at a price of Rs 3,899

 Available in four color variants – Warm Red, Yellow, Dark Blue and Grey, Nokia’s latest feature phone runs on an S30+ operating system with a 2.5G connectivity. Nokia’s iconic phone, Nokia 3310 is all set to make a comeback. As per a report, Nokia 3310 (2017) will bae available for orders from May 5 at a price of Rs 3,899. The report also claims that the deliveries for the revamped Nokia 3310 will begin in May 2017 in India. Available in four color variants – Warm Red, Yellow, Dark Blue and Grey, Nokia’s latest feature phone runs on an S30+ operating system with a 2.5G connectivity. 

MCD polls: BJP leads in 71 wards; Cong, AAP rally behind 

The BJP took an early lead in MCD polls, heading ahead in 71 wards while rivals Congress and AAP were left far behind leading in 16 and 14 wards respectively, initial trends indicated today. The BJP took an early lead in MCD polls, heading ahead in 71 wards while rivals Congress and AAP were left far behind leading in 16 and 14 wards respectively, initial trends indicated today. The vote counting for 270 wards of three municipal corporations began at 35 centres across the city at 8 AM. Trends were availble for 104 seats. The BJP was leading in all the three-North, South and East Delhi Municipal Corporations. The party was leading in 31 wards while Congress and AAP on 6 and 1 wards respectively in North Delhi Municipal Corporation (NDMC) in the beginning of counting. 

HDFC Bank to raise Rs 50,000 cr via infra bonds, debt securities

 In a filing to the BSE, HDFC Bank said the board has approved the issue of debt instruments, Tier II bonds and long term infrastructure bonds of up to Rs 50,000 crore. HDFC Bank today said it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months In a filing to the BSE, HDFC Bank said the board has approved the issue of debt instruments, Tier II bonds and long term infrastructure bonds of up to Rs 50,000 crore. The securities would be issued on private placement basis, it said, adding that the approval of shareholders for the issuance would be sought in the ensuing annual general meeting. 

Retail bad loans rise for HDFC Bank in Q4; overall NPAs 

Even as banks reel from large corporate bad loans, HDFC Bank, the country’s second largest private lender, witnessed an increase in retail bad loans driven by spillovers from the demonetisation period. Even as banks reel from large corporate bad loans, the country’s second largest private lender, witnessed an increase in retail bad loans driven by spillovers from the demonetisation period Announcing its fourth quarter financial results on Friday, the bank posted a 34 percent increase in gross non-performing assets (NPAs) in gross NPAs jumped 34 percent to Rs 5,885 crore from a year ago’s Rs 1,320 crore and 12.5 percent from a quarter ago’s Rs 5,232 crore. 

Read more for HNI Stock Tips-http://bit.ly/ace_services 

Railway station where Modi sold tea gets Rs 8 cr for facelift 

 The Vadnagar railway station in Gujarat where Prime Minister Narendra Modi used to sell tea during his childhood, is to get a facelift worth Rs 8 crore, Union minister Manoj Sinha said here today. "(A sum of) Rs 8 crore has been sanctioned for the development of Vadnagar railway station in Mehsana district," the minister of state for railways told reporters Sinha was in Sachana village today to inaugurate the Inland Container Depot (ICD), built by the Continental Warehousing Corporation (Nhava Seva) Ltd. Ahead of the 2014 Lok Sabha elections, Modi had often mentioned that he used to sell tea during his childhood at the Vadnagar railway station along with his father. Vadnagar town is also the birthplace of Modi. Giving further details about the project, Divisional Railway Manager (DRM) of Ahmedabad division, Dinesh Kumar said the entire project of developing Vadnagar and adjoining places in Mehsana district would cost over Rs 100 crore. "The development of Vadnagar railway station is one of the components of the Rs 100 crore project to develop Vadnagar, Modhera and Patan as tourist destinations. As of now, the Ministry of Tourism has given Rs 8 crore to the state Tourism Department to develop the railway station,