Rising for the sixth consecutive session, gold prices rallied Rs 1,000 to hit yet another record high of Rs 105,670 per 10 grams in the national capital on Monday, lifted by expectations of a rate cut by the US Federal Reserve this month and robust demand in overseas markets.
Gold prices rose by Rs 70 to hit yet another record high of Rs 98,170 per 10 grams in the national capital on Thursday amid firm global demand, according to the All India Sarafa Association. On Wednesday, the precious metal of 99.9 per cent purity soared by Rs 1,650 to hit an all-time high of Rs 98,100 per 10 grams.
Gold prices inched closer to the psychological mark of Rs 1 lakh per 10 grams as the bullion rates surged Rs 1,650 in the national capital on Monday on weak dollar and uncertainties over US-China trade war driving demand. According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity reached Rs 99,800 per 10 grams on Monday. Its value had declined Rs 20 to close at Rs 98,150 on Friday.
Aban Offshore, India's largest oil rig company, is likely to come under increased stress for repaying debt after the loss of its semi-submersible rig, Aban Pearl, which sank in the early hours of Thursday, according to analysts.
Gold prices advanced Rs 700 to reach a new lifetime high of Rs 91,950 per 10 grams in the national capital on Wednesday on the back of continued buying by jewellers ahead of wedding season, according to the All India Sarafa Association. Besides, increased tensions in the Middle East and concerns about the US economic slowdown have kept the demand for safe-haven assets intact.
Aban offshore has a Rs 13,000 crore debt on its books and a market cap of only Rs 1,645 crore, down 90 per cent from its peak on May 23 last year. The huge debt is a result of the company, earlier known as Aban Lloyd, buying a 33.7 per cent stake in Sinvest ASA, a Norwegian drilling company, for Rs 5,200 crore. The acquisition gave Aban access to eight premium jack-up rigs with contracts, but it also increased its debt substantially.
Gold prices rallied by Rs 630 to a lifetime high of Rs 82,700 per 10 grams in the national capital on Wednesday following persistent buying by jewellers and retailers amid strong global trends, according to the All India Sarafa Association. Rallying for the sixth straight session, gold of 99.5 per cent purity appreciated by Rs 630 to hit a lifetime high of Rs 82,330 per 10 grams.
'The security guards at the stadium did not recognise him. He kept saying he was Zakir Hussain but they did not permit him to enter.' 'Zakir bhai was calm and told me it is not their fault. They were doing their job.'
Silence 2: The Night Owl Bar Shootout will release on April 16 on ZEE5.
Towards the end of the film, when one character exclaims, 'What a crazy case!' your sentiments feel validated, observes Mayur Sanap.
A police official said a large number of policemen be deployed during the last rites of Asad to avoid any untoward incident.
The bodies of the two brothers, who were gunned down by three assailants posing as journalists in Prayagraj on Saturday night, were handed over to the family members after conducting the post-mortem examination for performing the last rites.
A few distant relatives of Atiq and some people of the locality were allowed to go to the graveyard.
Amid a political furore over a meltdown in the Adani group shares, stock market data shows it is not only the plunge now but the sharp surge of the past also drew regulatory attention and enhanced surveillance. Adani group stocks have taken a huge beating on the bourses, losing billions of dollars in market value, after US-based activist short-seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share price manipulation at the Gautam Adani-led group. The Adani group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
Alishah laid down the family tree of Dawood Ibrahim and said that the gangster's first wife gets in touch with people through WhatsApp calls.
Silence... Can You Hear It is definitely a recommended watch of the week, assures Joginder Tuteja.
The Indian team has decided to take the positives from India's 0-2 ODI series defeat against South Africa.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
The six-month moratorium on deep-water drilling in the Gulf of Mexico is likely to delay the deployment of idle rigs by Aban Offshore and impact the day rates for support vessels that companies such as Great Offshore supply.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
The $100-billion SAIC would have a dedicated manufacturing facility in India, and would be the first Chinese automaker to do so.
Utility vehicles manufacturer Mahindra & Mahindra will replace Hero Honda in the country's benchmark index Sensex from July 9.
In the wake of Saturday's attack on security forces, the state considers a ban on naxal outfits
The arrest warrant was issued after Tiwari announced that he would enter Siwan on April 9. In a letter to Anil on Tuesday, Tiwari charged him with 'infringing a citizen's democratic and constitutional right by exceeding his authority'.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Streaming a diverse range of moods and moments, these films are a fairly commendable effort if not always riveting, feels Sukanya Verma.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Metal shares gained on hopes that the government may adopt ordinance route for mines sector reforms
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
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