Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down... May 17, 2012
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Air India, Kingfisher Strikes Deepen Aviation Crisis

As the Air India pilots' strike entered the fourth day and with no indication that it would end, Civil Aviation Minister Ajit Singh on Friday met Prime Minister Manmohan Singh to discuss the crisis. May 11, 2012
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Air India Sacks 10 Pilots, Derecognises IPG

Air India Tuesday sacked ten pilots and derecognised the Indian Pilots Guild (IPG) after more than 150 pilots had failed to join work reporting sick since Monday. May 8, 2012
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AI Flights Cancelled as Pilots Report Sick

More than 100 Air India pilots have refused join work since Monday calling in sick and 200 more are expected to join the strike after their talks with the airline management and Aviation Ministry failed to solve the issue of giving training to fly the Boeing-787 Dreamliner. May 8, 2012
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India Gold Jewelers Back in Business, Ends 20-Day Nationwide Strike

Gold demand in India remained low after the country's gold bullion traders and jewelers ended their 20-day nationwide strike on Friday, but the gold entrepreneurs remained confident consumer interest on the precious safe haven yellow metal will pick up as the annual wedding season in the country begins. Apr 10, 2012