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Precious metals fall sharply

Mumbai, Feb 21 (UNI) Both the Precious metals fell sharply today on lack of fresh demand in the closing session, traders at the Bombay Bullion Association said.

Following are the closing rates of Silver and Gold: Silver (per kg) 999 fineness grade : Rs 20,105 (20,440), Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,450 (9,590), Gold 99.9 purity pure gold : Rs 9,500 (9,635).

UNI

ICSA bags order from AP power distribution company

Mumbai, Feb 21 (UNI) ICSA (India) Limited, a leading provider of embedded technology to check losses in the power sector, has secured contracts worth Rs 32.30 crore from Andhra Pradesh Central Power Distribution Company. The order involves erecting, testing and commissioning of 33/11 KV sub-stations in four districts namely Mahabubnagar, Medak, Kurnool and Nalgond of Andhra Pradesh on total turnkey basis. The projects are slated to be completed within a period of three months, said a company release here today. These.....

SAOL to acquire two solvent extraction plants in MP

Mumbai, Feb 21 (UNI) Sanwaria Agro Oils Limited (SAOL), a leading soyabean processor and refined soyabean oil maker, has announced plans to acquire two Solvent Extraction Plants in Madhya Pradesh at a cost of Rs 15 crore. ''The market for refined soyabean oil in India is estimated to be worth Rs 7500 crore. These acquisitions and further investment in them will enhance our present capacity by 1000 metric tonnes that will go a long way in helping SAOL meet market demand,''.....

Rupee flat at 44.1850/1950 against the US dollar

Mumbai, Feb 21 (UNI) The Rupee today remained steady at 44.1850/1950 against the US dollar, from its previous close of 44.18/19 at the interbank foreign exchange (Forex) market here, amid speculation of a further hike in the cash reserve ratio (CRR) and the Bank of Japan's (BoJ's) decision to raise its benchmark interest rate to 0.5 per cent. The Bank of Japan's decision, which came at the end of a two-day monetary policy board meeting, highlights confidence that price stability and.....
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