April 9: Gold traders re-enter market

April 9: Gold traders re-enter market

An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad

Private lender Dhanlaxmi Bank said in a press conference today that it has no plans to shut its branches or shrink operations to cut costs. It has, however, initiated other steps, like salary cuts, to control expenses, it said.

It an effort to improve operational and managerial efficiences, Dhanlaxmi Bank said it will reshuffle its portfolio to ensure a balanced book and raise Rs 200 crore of Tier-I capital by June-end. The bank is firm on retaining all capabilities built in the last three years.

A Delhi Metro Rail Corporation employee looks through iron rods at the final tunnelling breakthrough of Qutub Minar and Saket stations in New Delhi

Shares in power equipment maker BHEL and engineering and construction conglomerate L&T had dropped amid expectations for weak February industrial output data due on Thursday.

The notoriously volatile data was seen falling from the 6.8% year-on-year growth reported for January, according to traders, potentially to below 5%.

A man takes a business card during a military veterans hiring event in New York

One of the biggest challenges facing US Federal Reserve Chairman Ben Bernanke and his colleagues is to understand whether people like Feeman will eventually find work once the economy gathers enough speed.

Bernanke appears to think they will and he has suggested more stimulus by the Fed might be needed to kick-start demand, and job creation, into a higher gear.

A man walks past a stock quotation board showing Japanese companies' stock prices outside a brokerage in Tokyo

Japan's Nikkei average fell 1.5% to post its fifth straight day of losses on Monday, with a weak US jobs report raising fresh concerns over recovery in the world's largest economy and as a stronger yen weighed on exporters.

The Nikkei has dropped 5.3% since April 2 , marking its longest losing streak since late November.