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Markets

Commodity market outlook from CapitalVia Global Research

Gold prices were pressured over stronger than expected growth in US manufacturing sector which hurt gold’s safe haven appeal. A stronger dollar after the ECB and BOE kept interest rates unchanged and ECB’s assurance to keep rates low in the near future also pushed gold prices down. Gold prices internationally are expected to go down […]

Finance

E-filing of I-T returns crosses one-crore mark

The e-filing of income tax returns has crossed the one crore mark with the maximum of such filings done by the salaried class of taxpayers. In a latest data released by the Central Processing Centre (CPC) of the I-T department based in Bangalore, a total of 1,03,21,775 e-returns were filed by taxpayers till July 31, […]

Business

FICCI: Manufacturing sector may witness slight upturn in Q2

India’s manufacturing sector is likely to witness a “slight upturn” in the second quarter on the back of government’s efforts to remove bottlenecks by clearing large projects and a better export outlook, says a survey. Industry body FICCI in its latest quarterly survey said 47 per cent of the 276 manufacturing units and associations that […]

Business

E-auction, cost jump drag CIL Q1 profit down by 16.5%

State-run Coal India on Saturday reported a 16.5 per cent dip in consolidated net profit at Rs 3,731 crore for the quarter ended June 30, 2013, mainly due to lower realisation from e-auction, hike in wages and diesel cost and incremental increase of FSA coal sales. The company had registered a net profit of Rs […]

Business

2G: Court fixes August 17 for hearing arguments on Swamy’s plea

A special CBI court on Saturday listed for August 17 the arguments on a plea by Janata Party chief Subramanian Swamy that the written statement given by former Telecom Minister A Raja to the JPC on 2G scam be placed before court. Special CBI Judge O P Saini, who was scheduled to pass an order […]

Business

TTML shows 5% growth in revenues

Mumbai : TTML today announced its quarterly results for the period ended 30th June 2013. The Company showed a 5 per cent growth in year-on-year revenues at Rs 696 crore for the quarter ended 30th June 2013, compared to Rs 663 crore in the corresponding quarter of the previous year. TTML’s EBIDTA stood at Rs […]

Business

Reliance Digital Xpress Stores to be launched in Mumbai and New Delhi

Reliance Digital, the consumer durables arm of Reliance Retail, will launch six new stores in New Delhi and two stores in Mumbai on Saturday. Reliance Digital Xpress stores will provide customized solutions of technology to its customers. In New Delhi, the stores will be situated in Laxmi Nagar and Rohini areas along with stores in […]

Currency

Rupee down 27 paise Vs dollar in early trade

The rupee on Friday lost 27 paise to 60.70 against dollar in early trade on the Interbank Foreign Exchange market on higher demand for the US currency from importers, even as RBI took more measures to curb the domestic unit’s fall. Forex dealers said apart from higher demand from importers for the American currency, the […]

Commodity Legal

Sebi seeks details from brokers about exposure to NSEL

Market regulator Sebi has sought details from various brokers about their direct and indirect exposure to the National Spot Exchange Limited (NSEL), even as shares of its listed group entities Financial Technologies and MCX continued to bleed for the second straight day. The regulator is also seeking to ascertain that the brokerage firms and individual […]

Stock & Share

Sensex washes out early gains; eases 13 pts in late morning

The S&P BSE benchmark Sensex washed out initial gains by slipping 13 points in late morning session on Friday due to fresh selling pressure in metal, power, PSU, auto and banking counters. The BSE-30 share index, Sensex, opened higher at 19,399.55 points and moved up further to a high of 19,451.70 on initial buying mainly […]