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Silver, gold decline further on bearish global advices

Mumbai, Mar 10 (UNI) Spot Silver and Gold today declined further on bearish global advices 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 19,390, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,370, Gold 99.9 purity pure Gold : Rs 9,420.

UNI

RIL nods IPCL merger with itself

Mumbai, Mar 10 (UNI) The boards of directors of Mukesh Ambani-led Reliance Industries (RIL) and of Indian Petrochemicals Corporation (IPCL) today unanimously approved merger of the two companies. The RIL board approved a swap ratio of 1:5; that is one share of Reliance for five shares of IPCL, a company media release said. Reliance had acquired 26 per cent equity in IPCL in 2002 and subsequently increased its holding to 46 per cent through an open offer. Over the past five.....

Realty not to remain profitable as before: Experts

Mumbai, Mar 11 (UNI) The lucrative real estate market may not remain as profitable for private equity investors or developers as it has been in the past two years, market analysts at a brokerage firm here said today. ''The higher dividend distribution tax and the 12.36 per cent service tax on commercial rents, imposed by the Budget, will eat into the returns of investors. Over and above that is the factor of surging land prices, which have sharply reduced the margins.....

Asom minister announces schemes for tea sector

Silchar, Mar 10(UNI) Asom Minister for Urban Development Dinesh Prasad Goala said both Asom government and the Centre have taken up a number of initiatives for upliftment of the tea sector. Addressing the 36th annual general meeting of Tea Association of India(TAI) in Barak Valley branch here today, Mr Goala said the Centre has recently announced to spend Rs 252 crore in next ten years for the development of tea sector in the Valley. This was aimed at increasing the.....
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