Silver, gold zooms up on bullion global advice

Monday, May 1, 2006, 22:54 [IST]

Mumbai, Apr 29 (UNI) Prices of spot silver and gold zoomed up in the opening session on bullish global advice, traders at the bullion market here today said.

Following were the rates: Silver (per kg) .999 fineness grade : Rs 20,785, Gold (per 10 gm): Gold 99.5 purity standard mint: : Rs 9,570, Gold 99.9 purity variety : Rs 9,620.

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MCX index closes 5.31 pts down at 2,364.99

Monday, May 1, 2006,22:54 [IST]

Mumbai, Apr 29 (UNI) Multi-Commodity Exchange (MCX) has recorded a turnover of Rs 1,508.08 crore at the close of trading hour today. The index closed at Rs 2,364.99 down by 5.31 points (-0.23 per cent). MCX has recorded a turnover of Rs 1,508.08 crore while the total trades registered were 25,197. The MCX metal index was down by 20.29 points (-0.74 per cent), while its agri index was up by 3.53 points (0.22 per cent)......

Markets likely to trade in the range as FIIs activity slowdown

Monday, May 1, 2006,22:54 [IST]

Mumbai, Apr 29 (UNI) The just ended week saw stock markets swing wildly on the back of Futures and Options (F.....

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Jet to launch cargo airline, to merge with Air Sahara in 12-18 mont

Monday, May 1, 2006,22:54 [IST]

Mumbai, Apr 29 (UNI) India's premier private sector air-carrier, the Naresh Goyal-promoted Jet Airways (India) Limited plans to launch a cargo airline for which feasibility studies are presently being conducted, besides contemplating a domestic straight equity programme of around USD 300 million in the latter part of this year. While the feasibility study is expected to be completed within the next six months, the proceeds from the straight equity will be used to fund the.....

ICICI banks net profit rises 29 pc for Q4 FY 05-06

Monday, May 1, 2006,22:54 [IST]

Mumbai, Apr 29 (UNI) Showing a tremendous growth in the total income, ICICI Bank's net profit increased by 29 per cent to Rs 790 crore for the fourth quarter ended March 31, (FY 2005-06) compared to Rs 615 crore for the Q4 (FY 04-05). Announcing the result, the company spokesperson told mediapersons here that the total income has also grown by 53 per cent to Rs 5591.71 crore for Q4 (FY 05-06) over 3637.54 crore.....

Amended FC(R) Act to boost commodity futures

Monday, May 1, 2006,22:54 [IST]

Kolkata, Apr 29 (UNI) The amended Forward Contracts (Regulation) Act would support growth of commodity futures market in India, Forward Market Commission director K S Uma said today. The Act is presently before the Parliament for approval, she said. The proposed amendment would allow participation of FIIs, banks and mutual funds in the commodity futures thereby further boosting the trade, she said. The amendment also proposes allowing options trade for goods, demutualisation of the.....