The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
Supply through recycling of used gold declined to around 10 tonnes in the second quarter of the current calendar year.
The exchange may now look to its real estate business for cash flows
The price of export quality lady's finger, for example, shot up 150 per cent in two weeks to close on Thursday at Rs 40 a kg against Rs 16 a kg on September 16 in the Agricultural Produce Marketing Committee, Vashi, near Mumbai.
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
The value of the index, adjusted from its all-time high for the relative loss in the rupee's value, is close to sub-10,000 levels.
At nine-month high, current prices attractive; consumers want to cash in before a correction
Indian investments in equity and debt account for the second-highest remittances outgo (about a quarter).
Govt restrictions on import biting deep; trade petitions for relief with units, workers idling.
The company had issued 2.66 million shares to its employees.
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
Markets regulator remains silent but could probe possible violations of takeover code or under fraudulent trade practices, say lawyers.
The regulator acted on the basis of a June 2011 complaint from the Office of the Directorate of Income Tax.
PE firms are looking at various ways to protect their nominee directors.
Cyprus, in accordance with the conditions set by the International Monetary Fund and European Union for a Euro 10-billion bailout package, had agreed to impose a tax on bank deposits in the country.
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.
Every Rs 1-cr FII inflow has coincided with a Rs 11-cr investor wealth erosion.
Four of five new bulk purchasers named by De Beers, the prime global purveyor, are from India.
Sahara accuses regulator of injustice, bad intent.
Global cues may further weaken the yellow metal; imports seen under control after January surge.
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