Gold crosses 1600 USD Dollars
Overseas spot gold touched a record high, on course for its longest winning run in a minimum of four decades, reflecting persistent worries regarding the euro zone debt crisis and a growing threat of a US government default.
* The rupee edged lower, dragged by the euro's losses against the greenback and weakness in most Asian currencies, however traders said greenback inflows tempered the autumn.
* The rupee plays a very important role in determining the landed value of the yellow metal, that is quoted in bucks.
* India, the world's biggest buyer of bullion, is within the middle of the sowing season, when farmers, the standard consumers of the yellow metal, divert their savings to agricultural equipment and fertilisers. Traders expect physical shopping for to start out late next
Monday 18 July 2011
SAIL FPO Likely near Diwali
SAIL FPO likely to hit the markets around Diwali ,SAIL FPO expected to mop up Rs 6,000 crore at current market price
Mahindra group’s realty arm to acquire three storey bungalow Mumbai from Orbit Corp for Rs 270 crore
Mahindra group’s realty arm to acquire a three storey bungalow in south Mumbai from Orbit Corp for Rs 270 crore
Steel Strips Wheels gets $32.6 m order from BMW
Steel Strips Wheels gets $32.6 m order from BMW. Company will supply wheels for BMW new launches in 2013, 2014
CBI summons India Cement, Dalmia Cements, PVP Ventures, Nava Bharat Ventures in Jagan assets case
CBI summons India Cement, Dalmia Cements, PVP Ventures, Nava Bharat Ventures in Jagan assets case
Gujarat NRE Coke Results
Gujarat NRE Coke reported standalone net profit of Rs 38.66 crore for quarter ended March 2011 against Rs 20.04 crore in the same quarter a year ago. Total income was at Rs 436.15 crore for the June quarter as against Rs 452.15 crore in the corresponding period last fiscal.
India Glycols Results
India Glycols reported net profit of Rs 25.77 crore for quarter ended June 2011 against loss of Rs 7.69 crore in the same period a year ago. Net sales stood at Rs 60.89 crore as compared to Rs 33.17 crore in the same period last fiscal.
Pratibha Industries led consortium has bagged Rs 1249 crore orders for Delhi Jal Board Projects
Pratibha Industries led consortium has bagged Rs 1249 crore orders for Delhi Jal Board Projects
Hexaware Technologies has signed a project worth around $ 177 million
Hexaware Technologies has signed a project worth around $ 177 million to be executed over a five-year period
Rolta India acquired ACLS Systems
Rolta India has acquired ACLS Systems, a public safety company, to enhance its homeland security and emergency response solutions
BASF India Results
BASF India reported net profit of Rs 52.66 crore for quarter ended June 2011 against 48.86 crore in the same quarter last fiscal. Total income stood at Rs 1016.34 crore as compared to Rs 663.61 crore in the corresponding period a year ago
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