Once the world economy starts growing commodity prices will likely rise again so investing in a commodity-based mutual fund may not be a bad time to invest some of your money.
Though the verdict of the bankruptcy court needs final approval from the district court, something that Sterlite is banking on, legal experts said that step was just a formality and nothing more. In its ruling filed late Monday, Judge Richard S Schmidt of the bankruptcy court at Corpus Christi in Texas recommended the district court judge to confirm the Grupo Mexico's plan and reject Asarco's own plan, which is sponsored by the Vedanta group company.
From ice creams to dosas, these food pics will tease your taste buds.
The NSE Nifty ended at 4,514, down 51 points. The Sensex has declined 206 points in the last three days. The market breadth was fairly negative, Out of 2,724 stocks traded, 1,558 stocks declined while 1,089 advanced.
Nearly 80 stocks on the Bombay Stock Exchange (BSE) today witnessed an unusual price movement of up to 20 per cent. Belonging to 'S' and 'Z' categories and the trade-to-trade group, these scrips normally attract 5 per cent circuit breakers.
Khan also said Pakistan has decided to partner any other country only for peace and named the partnership with the US as the one.
This comes after both parties failed to arrive at an agreement on an appropriate valuation of the stake, a company executive said. Sterlite bought 51 per cent stake in Balco in March 2001 for Rs 552 crore (Rs 5.52 billion) when the National Democratic Alliance (NDA) government decided to divest the government stake in the public sector company.
Ace make-up artist and hair stylist Seema V Jerajani of SVJ Academy shows us how to get the perfect festive look.
The 'S&P India 10 index' is designed to address this accessibility challenge. It offers investors liquidity and investability, and can also serve as a basis upon which to create investment products," Vice President of Portfolio Services for S&P Steven Goldin said.
Confident of ending Vijender Singh's unbeaten streak, Poland's Andrzej Soldra said the Indian boxing star has "had it easy" so far and will be shocked in his sixth professional bout come Friday.
Commodity markets have been out- of-sync and moved up as other assets depreciated. What's more, this is true for several ranges of commodities. Crude and other fuel sources have hit successive record levels.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
The board of directors of Sterlite Industries India Ltd will meet on January 29, 2003 to consider a scheme of restructuring of the company's business including the copper division and the power transmission aluminium conductor division.
Indian boxing star Vijender Singh's unbeaten run will be put through a tough challenge when he squares off against experienced Frenchman Matiouze Royer in a super middleweight contest, in London, on Saturday.
Sterlite Industries, the flagship firm of London-listed Vedanta Resources, may consider legal action if the bankruptcy court favours Grupo Mexico's counter-offer of $4.1 billion for Asarco, the US copper mining giant. Sterlite's takeover bid for Asarco hit a bump when a judge of a bankruptcy court in Texas signalled on Friday that he might give Grupo Mexico, Asarco's estranged corporate parent, a last chance to resume control of its US subsidiary.
Sterlite Industies (India) on Saturday inked a definitive agreement to acquire the operating assets of Tucson-based Asarco LLC for $2.6 billion in cash, the largest buying abroad by an Indian company this year.Asarco, formerly known as American Smelting and Refining Company, is an over 100-year old company and is currently the third largest copper producer in the US.
Rediff readers went pandal hopping and shared these pictures.
'Kaba Gandhi no Delo', a bungalow in a narrow bylane of old Rajkot is mute witness to events that laid the foundation of the beliefs that shaped the character of the 'Father of the Nation'.
South Africa went through several anxious moments before their bowlers clinched a nail-biting six-run victory over minnows the Netherlands in their World Twenty20 match in Chittagong on Thursday.
In the midst of huge job losses as a fallout of the coronavirus pandemic, Tamil Nadu Chief Minister Edappadi K Palaniswami has signed 17 MoUs for an investment of Rs 15,100 crores that aim to provide 47,100 jobs. But a clearer picture on where the projects stand will emerge only after the Covid-19 induced fear psychosis ends, to see if popular protests will derail them like they have done so many others, says N Sathiya Moorthy.
Many developing countries are using WiMax deployments to leapfrog past copper wires, notes the World Economic Forum (WEF) Global Information Technology Report 2007-08. For instance, in India, Worldwide Interoperability for Microwave Access, or WiMAX, has been promoted as the answer to the country's last-mile connectivity issues.
To rationalise the entertainment tax levied on the direct-to-home (DTH) companies and the cable operators by the state governments and also to encourage the cable industry to switch to the use of advanced optical fibre cable instead of the copper wire cables, the Ministry of Information and Broadcasting has set up two sub-committees.
Three reconnaissance permits were issued during 2006-07 enlisting private participation for use of sophisticated equipments in exploratory work. Madhya Pradesh is the top state in India today in diamond mining with the Panna mine producing 15000 carats of both gem and industrial variety stones annually.
Haircare giant Matrix has just launched a new range of hair colour for women inspired by chocolates and cherries.
Bharat Sanchar Nigam Ltd launched on Thursday its multi-play service offering Internet Protocol television and video-on-demand to its broadband customers.
'I expect normalcy to return in one or two days,' says Tuticorin's new Collector Sandeep Nandur.
An Indian origin scientist at the Rensselaer Polytechnic Institute has discovered how graphene's extremely efficient conductive properties can be exploited for use in nanoelectronics, as a possible heir to copper and silicon.
According to data released by the Sikkim commerce and industries department in Gangtok, utensils including copper bowls fetched a revenue of Rs 900,000 for Indian traders during four months of trade at the Renquinggang mart. Other products like black tea, textiles, woollen shawls, canned food, vegetable oils and cigarettes were in demand from importers.
Infrastructure and real estate prominently feature as wealth destroyers.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Hindalco Industries, an Aditya Birla group company, is scouting for copper mines in Columbia, Peru and Argentina.
Crude oil is not the only commodity seeing a price correction on fears of an economic slowdown. The same sentiment is driving prices of a range of important industrial metals like copper, zinc, aluminum and the precious metal gold. As a result, prices are now below what they were three months ago.
India's four-wheeler sector may post a flat profit growth in the first quarter due to a rise in input costs. The cost of automobile steel, which constitutes about 40 per cent of the total raw materials, rose by more than 25 per cent during the three-month period. Prices of raw materials like aluminium, copper, rubber and fuel also appreciated significantly.
Over 1,800 types of commodities, including copper, lead, zinc and cloth, are added to the category. Importers will have to deposit half of their payable levies (including import duty and VAT) at the customs when they import raw materials.
A Ganesh Nadar/Rediff.com meets the families of those killed in the police firing on Sterlite protestors in Thoothukudi, and finds a similar tale running through their lives.
China is expected to commit investments worth $6.5 billion to set up industrial parks in India and sign purchase agreements of over $3 billion with domestic companies during the visit of Chinese President Xi Jinping starting on Wednesday.
The pure gold is alloyed with silver, copper and various to make it suitably hard for jewelery making. The percentage of pure gold is denoted by its carat (k) weight. Pure gold is 24k (ie.100per cent gold), the other common alloy carat weights are 22k, 18k, 14k, 10k and 9k. 9k gold is the hardest alloy. In addition to yellow gold, white gold and rose gold are also popular options. You can also find many two-tone styles, if you prefer a mix of colours.
The rupee fell sharply by 32 paise at 66.37 against the US dollar in early trade on Tuesday.
A look at SIIMA 2016 arrivals.
To say Haiti is underexplored is almost an understatement, according to Scott Close, head of investor relations at Eurasian Minerals.
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