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.
This year, WGC expects India's gold demand to stand at 865-965 tonnes. Last year, it was 864.2 tonnes.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
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.
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.
Gingerbread, the most popular android version, attracts increased interest from cybercriminals.
Prices dip ahead of Dhanteras, seen around Rs 29,800/10g.
Buyers want something colourful that stands out; economics of diamond substitution helps.
Fearing customers would not shop this festive season like they usually do, retailers have cut their buying from apparel suppliers by 10-15 per cent for the coming Diwali season. Some have cut their buying of apparel by almost 20 per cent.
While fuel costs have risen 20%, prices of finished output have fallen
With gold prices touching their all-time high on Wednesday, jewellery majors were taking measures to attract more consumers. These included more category launches, lower-weight jewellery and store expansion, among others.
In a move that could improve the weakening sentiment in the Indian textile industry, the government is set to sign a free trade agreement (FTA) with the European Union (EU) by the end of the current calendar year.
Change in strategy to reduce cost, as prices and cost of funds increase, with lease charges being much cheaper than purchase
A recent report by Barclays Capital, the global consultancy firm, forecast the Certified Emission Reduction price to surge 92 per cent in the first half of this year.
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