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Archive for the 'Commodities' Category

RiddiSiddhi Launches Rakshabandhan Special Gold Coins & Bars

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For those who are looking for some luxurious gifts to give to family and friends, then this Rakshabandhan, RiddiSiddhi Bullions is what you are looking for. These gifts of coins and bars can be bought in gold, silver and platinum. This is now among the best gifting options that you can find in the market […]

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VAL Picks 24.5% stake in L&T’s Raykal Alumunium For Rs. 200 Crore

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Vedanta Aluminum has acquired stakes in Larsen and Toubro-promoted Raykal Aluminum. The latter holds a certain bauxite mining licenses in Odisha. The stake acquired was about 24.5 per cent for Rs 200.70 crore. In time, VAL will surely acquire Raykal Aluminum for a total of Rs 1,811 crore. Vedanta Aluminium This would be subject for […]

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Gold shoots to over 4-month high on seasonal demand

Gold prices high!

While silver has remained weak for the third day straight, Gold had hit a fresh over four months high by adding Rs 200 to per grams on high seasonal buying support. On the other hand, silver lost Rs 200 per kg on reduced offtake by coin makers and industrial units. Gold has become popular because […]

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Sesa Goa to start exploration in Liberia Mines soon

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Sesa Goa will be starting their exploration work in the Liberian mines for Iron ore which is expected to be over 1 billion tonnes. Company has acquired a stake of 51% in Western Clusters Limited, which was supposed to develop the project for Rs.411 crore. Licenses of three blocks are ready and the exploration work […]

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Indian Institute Of Jewellery Starts Centre In Ahmedabad

IIJ Logo - Indian Institute of Jewellery

The gems and jewelry industry in Gujarat is not quite developed until it came to the point that the Indian Institute of Jewelry (IIJ) which is an autonomous jewelry training institute had launched its first center in the mentioned place. The main objective of this launch is to create skilled workers in the jewelry industry. […]

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Gold prices fall; Indian Jewellers call off strike!

Gold prices high!

Extending the downtrend from the past two months, gold prices continued to fall following the news from central bank’s assessment of economy. It is also questionable now if US could recover from this lingering. Investors are eagerly waiting for Fed’s Beige book survey of regional economic conditions and University of Michigan’s consumer confidence reading which […]

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Excise Duty On Jewellery Triggers Strike; Jewellery Sales Down By 80%

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All the jewelers declared today also that, till the day the government won’t withdraw all the imposed excise duties on the unbranded jewellery, they will continue with their nationwide strike. The strike started from March 17. The jewellery shopkeepers submitted their petitions to the state governments, Commissioners of excise, MPs and MLAs for getting a […]

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Steel products To Get More Expensive: 10% Rise, Says ASSOCHAM

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The industrial body of India, Associated Chambers of Commerce and Industry in India (ASSOCHAM) has declared an increase in the prices of the steel products to 10%. In the recent financial budget, Pranab Mukherjee increased the import duty on non-alloy flat steel products from 5% to 7.5%. This may also lead the industry to loss […]

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