The company had issued 2.66 million shares to its employees.
Centres like Coimbatore in Tamil Nadu and Thrissur and Kochi in Kerala are facing huge shortage of gold. These centres constitute around 15-20 per cent of India's overall annual demand of the yellow metal.
Welspun now wants to shift focus back on the core business of steel and pipes rather than the big-ticket infrastructure sector.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
SAIL chairman C S Verma talks about the company's slated disinvestment and future strategies.
The steel sector, which has spent a lot of money to tap the automobile segment, is nervous on its investments.
The port project work is to be undertaken by the group's African subsidiary, Essar Africa Holdings, and is not a part of the group's Essar Ports.
Global cues may further weaken the yellow metal; imports seen under control after January surge.
They are encouraged by the widening gap in import duties on raw and refined gold.
Price up 500 per cent in a year, trebled in Dec.
Barclays estimates $1,900 an oz this year; analysts say ultra-low interest rates in advanced economies to ensure demand keeps rising.
Revival in industrial output may lead to a rise in demand for the white metal.
Company says confident of raising funds; to raise Rs 688 crore by February-end.
In a draft paper prepared by the RBI seeking public opinion until January 18, the banking regulator has proposed a financial instrument linked to gold to curb the demand of its physical holding.
The US leaders approved a plan to prevent huge tax increases and delay spending cuts that together might have pushed the world's largest economy off the 'fiscal cliff' and into a likely recession.
The details of the project are yet to be worked out by the two companies.
Prices dip ahead of Dhanteras, seen around Rs 29,800/10g.
This flagship Starbucks outlet will have place for upto 150 people.
Forced to cut prices by 2-3% due to cheaper imports from Japan, Korea and China
With locals protesting against Hindalco's move to mine Mali Parbat, the contractor who was working on making the mine operational has left.
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