PTI reported that at least a couple of Indian steel makers have raised the price of flat products by up to INR 1,500 per tonne since December 1st to align the domestic price with landed import costs, now hovering between INR 35,000 tonne to ...
Tags: steel, hot rolled coil, flat product, metal
IRIS reported that CapitalVia Global Research has come out with report on commodity outlook for the week. It gave following outlook on gold, silver and copper: Gold - A gold future is trading at lower levels as the sharp rise in rupee ...
Tags: price for gold, gold and silver, commodity trading, gold commodity
As the national economy sea saws between revival and slump the impasse over turn of fortune remains unbroken. UPA government sensing the impending economic holocaust with the fiscal deficit and inflation remaining obdurate has stuck with ...
Tags: steel gate, steel systems, steel scrap buyers, alloy steel
Reuters reported that Base metal demand in India is likely to remain buoyant next week on a surge in construction activities during the winter season. However, due to an expected decline in automobile sales in December, demand for lead ...
Tags: metal demand, construction activities, automobile sales
Nestle has invested CHF121m (US$124.4m) in its facility in Goa, India in a bid to boost production capacity. The facility, which produces Kit Kat and Munch branded products, is expected to create around 250 jobs and increase the company's ...
Tags: Nestle, chocolate facility, sauces, noodles, bouillons
The rupee did a merry jig in 2012,causing a great deal of trouble to companies,regulators and investors.It appreciated to 48.6 against the dollar at the beginning of the year and then went on to its life time low at 57.3 only to surge ...
Tags: rupee, dollar, trajectory, weakness
IRIS reported that Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may note some decline amid firmer Indian rupee however downside is limited. LME Copper trades in a narrow range ...
Tags: Kotak Commodity Services, copper, aluminum, zinc, nickel, lead
PTI reported that JSW Steel plans to raise $600 million through overseas borrowings by March next year to prepay part of its rupee loan. JSW Steel's joint MD & CFO Mr Seshagiri Rao told PTI "e are planning to prepay INR 3,500 crore rupee ...
Tags: JSW SteeL, loan, Reserve Bank of India
Another poor showing from the Indian market this week left a number of high priced deals in jeopardy and cash buver nerves once again frayed and confidence shattered. The Indian rupee has been trading in excess of 55 to the dollar once ...
Tags: Indian rupee, supplv side, GMS demo
Indo Rama Synthetics (India) Limited, India's largest dedicated polyester manufacturer, announced its un-audited results for Q2 and H1 ended September 30, 2012. Net sales for Q2 2012-13 stood at Rs 734.50 crore as against Rs 771.71 crore ...
Tags: polyester manufacturer, polyester prices, polyester market
Releasing the export data for the month of August 2012 for the apparel exports in India, Dr. A Sakthivel, Chairman AEPC, stated that, "Apparel exports were to the tune of USD 989 million in August 2012-13 with a decline of 7.2 per cent ...
A disastrous week in the Indian market left cash buyers, end buyers and all those involved in the industry reeling once again. It has been such a temperamental year in Alang that speculation has become a huge risk today - just when it seems ...
Tags: ship breaking industry, ship, steel, prices
Business Standard reported that more clarity on talks to refinance loans for oil, steel, shipping and ports entities to emerge in a month or two; external commercial borrowing refinance a prime tool. With a combined debt of close to INR ...
Tags: Essar Group, debt burden, refinance loan, oil, steel
The unabated volatility in gold price has forced India's middle-class consumers to try out a cheaper option and their obvious choice now is to opt for silver jewellery.After an initial poor performance,last monsoon season in India improved ...
Tags: gold, silver jewellery, silver, investment
Textured Jersey Lanka PLC(TJL),Sri Lanka's premier manufacturer of knit fabric,demonstrated its operating excellence by doubling net profits for the quarter ended 30 September 2012(2Q FY2012/13),as per the financial results released to the ...
Tags: Textured Jersey Lanka, knit fabric, net profits, financial results