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Precious metals decline sharply

Mumbai, Mar 3 (UNI) Spot Silver and Gold declined sharply today in the opening session, traders at the Bombay Bullion association said.

Following are the opening rates of Spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 19,080, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,280 Gold 99.9 purity pure Gold : Rs 9,330 UNI

Metal prices fall due to lack of fresh demand

Mumbai, Mar 3 (UNI) Metal prices fell due to lack of fresh demand, traders at the Bombay Metal Exchange said today. In the Ferrous category, Copper utencil, Brass cutting and Copper heavy dropped by Rs 800, Rs 600 and Rs 500 per quintal respectively on sustained heavy selling pressure. In the Non-ferrous category, Lead ingot, Copper wire bar and Aluminium ingot slashed by Rs 1,000, Rs 500 and Rs 100 per quintal respectively, due to sluggish demand. Nickel cathode also eased.....

Kandla Port handled 47.5 MMT Cargo till current fiscal

Gandhidham, Kutch Dist, Mar 3 (UNI) Kandla Port has crossed yet another milestone by handling 47.5 MMT cargo during the current fiscal year upto February this year. The port has surpassed its own previous record of 46.30 MMT handled during 1999-2000 fiscal year. This achievement was more commendable as it was achieved in the backdrop of increasing competition from the nearby private ports in the region, Kandl Port Trust release said here today. With the present trend in traffic growth, Kandla.....

Tata Steel not to acquire plants in near future : Ratan Tata

Jamshedpur, Mar 3(UNI) Tata Steel Chairman Ratan Tata today reiterated that the acquistion of Anglo-Dutch steel company Corus was a right step towards becoming a global steel giant and both the companies will formally merge in April next. Speaking to mediapersons, Mr Tata, who came here on the occasion of Founder's Day celebrations of Tata Steel, said though the bid for Corus appeared to be a little high priced, the acquisition of the company was done keeping an eye towards future......
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