Gold prices could hit the $3500 an ounce (oz) mark in the next 18 months - up around 13 per cent from the current levels - given the global uncertainties and aided by investment demand, said analysts at BofA Securities in a recent note. Uncertainty around Trump Administration trade policies, BofA said, could continue to push the US dollar (USD) lower, further supporting gold prices near-term.
State-owned mining giant, Coal India, is hoping to recover around 75-80 per cent of its liabilities from customers with whom it has long-term fuel supply agreements (FSAs) after the Supreme Court (SC) allowed states to recover dues retrospectively. A legal recourse, however, is underway. "We are impacted in two states - Jharkhand and Odisha.
The Q2FY25 revenue for Coal India (CIL) was reported at Rs 30,700 crore (down 6 per cent year-on-year or Y-o-Y and 16 per cent sequentially). The blended average selling price was Rs 1,622/tonne (down 6 per cent Y-o-Y and 3 per cent quarter-on-quarter or Q-o-Q). Adjusted operating profit stood at Rs 7,200 crore (down 20 per cent Y-o-Y and 38 per cent Q-o-Q) due to lower-than-expected e-auction volumes and higher costs.
Coal India looks set to achieve its 2024-25 (FY25) production targets. If it can achieve its aim of ramping up Fuel Supply Agreement (FSA) and e-auction volumes, along with cost-saving, evacuation and infrastructure-improvement projects, the company could maintain its momentum as a critical infrastructure and core industry performer. Analysts estimate e-auction volumes of 108 million tonnes (MT) in FY25 and 120 MT for FY26, which is encouraging given the premium of e-auction prices which are consistently over 50 per cent higher than FSA.
The Adi/Nadir Godrej family, along with other family members/trusts, has made an open offer to the shareholders of Astec Lifesciences to acquire an additional 26 per cent stake from the public as part of the family settlement agreement (FSA), according to an announcement to the stock exchanges on Wednesday. The offer, made at the price of Rs 1,069.75 per share, was triggered by the Adi/Nadir family's plan to acquire a 20.84 per cent stake in Godrej Industries (GIL) from the Jamshyd Godrej/Smita Crishna Godrej family, according to the FSA announced on Tuesday.
Coal India Limited's (CIL) October-December quarter of financial year 2023-24 (Q3FY24) results have beaten the Street's estimates. Revenue rose 3 per cent year-on-year (Y-o-Y) to Rs 36,200 crore, led by higher volumes and better realisation from Fuel-Supply Agreement (FSA) coal. The blended average selling price (ASP) was down 6 per cent Y-o-Y to Rs 1,727 per tonne, and the FSA ASP was up 3 per cent Y-o-Y to Rs 1,532 per tonne.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
Nikkei 225 index hit the 40,000 mark for the first time ever on Monday, continuing its bull-run that saw the index reclaim its 1989 peak of 34,000 levels in February. as global investors latched on to Japan's biggest companies on improving shareholder returns, the weaker yen and booming corporate profits. Analysts remain bullish on Japan, mostly aided by gains in technology shares. Adoption of artificial intelligence (AI), according to a note by Morgan Stanley, is likely to benefit Japanese companies, which is almost at par with the US-based companies.
'Business families like the Godrej group are increasingly realising that an amicable settlement is better.' 'Else, the wealth of all shareholders gets destroyed.'
Strong performance by its US subsidiary Novelis and better returns in the copper business helped Hindalco Industries post consolidated revenue growth of 2 per cent quarter-on-quarter (Q-o-Q) to Rs 54,100 crore in the July-September quarter of 2023-23 (Q2FY24). Novelis' Flat Rolled Products (FRP) volumes grew 6 per cent Q-o-Q to 933,000 tonnes (down 5.2 per cent Y-o-Y) on better North American and European volumes. The consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) declined 2 per cent Q-o-Q to Rs 5,610 crore despite lower input costs in India and better Novelis performance.
The initiative has been taken so that only the needy can avail the benefits of the governments' scheme.
According to a report in the Financial Times, two UBS bankers tried to create Pleuri, an offshore vehicle through which Ambani 'could illegally invest in securities at home'.
Nestle India currently exports Maggi noodles to Canada, UK, Singapore and Kenya and to third parties in the US, Australia and New Zealand
"Following preliminary investigations, FSA has decided to commence a formal enforcement investigation into Goldman Sachs International in relation to recent SEC allegations. FSA will be liaising closely with SEC in this review," FSA said in a statement today. No further details were provided.
Expressing disappointment with government's response to their demand, students of the FTII decided to continue their strike which entered the 24th day today till TV actor and BJP member Gajendra Chauhan's appointment as its chairman is cancelled.
The outlet of Kentucky Fired Chicken in Thiruvananthapuram has been closed down by the state Food Safety Authorities after a worm was found in a chicken dish bought by a customer from the multi-national restaurant chain, FSA sources said on Tuesday.
In interview with FSA in front of Sebi, mystery man denies owning UBS account used to execute $2.5-billion unauthorised trades.
TV actor Gajendra Chauhan is expected to take charge as FTII chairman on Thursday after an unprecedented and unsuccessful 193-day strike by the students opposing his appointment.
With more and more players entering the fray, risk factor in commodity markets the world over has also gone up.
The students said they would withdraw their hunger strike to pave way for a dialogue with the government if the I&B ministry confirmed a date for talks to resolve their demands including removal of actor Gajendra Chauhan from the institute's chairmanship.
Unfazed by warning of disciplinary action and rustication, the striking students of Film and Television Institute of India on Thursday said the protest, now on for 35 days, will continue till the government responds to their demands, including removal of TV actor Gajendra Chauhan as its chairman.
The agitating FTII students on Sunday called off their 18-day-old "hunger strike" in response to the government's communication inviting them for a dialogue.
One of the three Film and Television Institute of India students on indefinite hunger strike has been hospitalised after his blood sugar levels dropped.
Deadlock over the appointment of TV actor and Bharatiya Janata Party member Gajendra Chauhan as chairman of the Film and Television Institute of India's governing council entered the sixteenth day on Saturday
Chief Minister Naveen Patnaik said all families in Puri and in those parts of Khurda, which had been 'extremely severely affected' in the storm, will get 50 kg of rice, Rs 2,000 in cash and polythene sheets, if covered under the Food Security Act (FSA).
The ongoing strike of Film and Television Institute of India students to protest the government's appointment of TV actor Gajendra Chauhan as chairman of its governing council entered its 12th day Tuesday with no immediate solution in sight.
UBS said on Wednesday it will pay $1.2 billion to the U.S. Department of Justice and the Commodity Futures Trading Commission, 160 million pounds ($260 million) to Britain's Financial Services Authority (FSA) and 59 million Swiss francs ($65 million) to Swiss regulator Finma.
In one of biggest ever such exercises in the country, Ford India on Monday said it has recalled over 1.28 units of its best selling Figo and Classic cars to rectify problems related to steering and rear suspension.
The govt also said that there would be no rethink on the government's decision of appointing Gajendra Chauhan as chairman.
An FTII students' body representative said they will not sacrifice academics anymore for a government that is "deaf and a bully".
Goldman Sachs is likely to face a fine of around 20 million pounds from UK financial regulator FSA, just months after US Securities and Exchange Commission imposed a penalty on the banking major, a media report said.
An Indian-origin man and his two partners in one of Britain's largest investment scams were today ordered to pay nearly 115 million pounds for illegally accepting deposits from customers without authorisation from the Financial Services Authority (FSA).
The British government may levy "fat tax" on junk food and sugary drinks in a bid to reduce obesity among consumers and reduce fiscal deficit, a media report said.
There are a number of factors that helped India remain relatively unscathed. Some of them are to do with RBI and some of them are to do with the Indian economy.
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
Mahmood, 55, currently Pakistan's ambassador in Turkey, was granted a visa by India on Friday, the sources said.
Meanwhile, the three-member committee constituted by the information and broadcasting ministry to examine the "ground situation" at Film and Television Institute of India submitted its report.
Kingfisher and Deccan swap of shares will be finalised by April, upon Sebi's approval.
'Project Big Picture' called for the biggest six clubs in the Premier League, along with three other long-term members, to be given 'special voting rights' that would effectively put them in command of the world's most commercially successful league -- and leave the rest as second-class passengers.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances