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Silver, Gold eases further

Mumbai, Mar 14 (UNI) Spot Silver and Gold eased further in the opening session today, traders at the Bombay Bullion Association said.

Following are the opening rates of Spot Silver and Gold: Silver (per kg).999 fineness grade: Rs 19,140, Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,255, Gold 99.9 purity pure Gold : Rs 9,305.

UNI

Copper eases on sluggish demand by stockists

Mumbai, Mar 14 (UNI) Copper eased on sluggish demand by stockists, even as the London Metal Exchange remained steady, traders at the Bombay Metal Exchange said today. In ferrous segment, copper heavy and copper utensils declined by Rs 200 and Rs 100 per quintal due to thin buying support. Brass cuttings hiked by Rs 100 on increased of fresh demand. In non-ferrous category, aluminium ingot and zinc slab fell by Rs 100 each on poor demand, while copper wire bar slashed.....

Spice Telecom to dilute 20 pc via IPO in April-June

New Delhi, Mar 14 (UNI) Spice Telecom, a regional mobile operator, will offload 20 per cent equity through an initial public offer in second quarter of the current calendar year. ''We will dilute 20 per cent equity via the offer. The IPO will hit the market somewhere in between April-June this year,'' Hot Spot Vice-Chairman Dilip Modi told reporters on the sidelines of a press conference here today. Mr Modi added the company will dilute 20 per cent equity into the.....

VSNL gets BoD OK for retail biz hive off

New Delhi, Mar 14 (UNI) Videsh Sanchar Nigam Ltd (VSNL) today received approval of the Board to hive off its retail business Undertakings (RBU) into its wholly-owned subsidiary DIL Internet Ltd, for a consideration of up to Rs 400 crore. The demerger will be effective from March 1, 2007. The RBU comprises broadband services undertakings and retail internet services undertakings along with all related assets and liabilities. The demerger will be carried by way of a scheme of arrangement under the.....
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