Assocham lobbies against NSEL merger with parent firm

Last Updated: Sunday, April 12, 2015, 16:12

Opposing the proposed merger of crisis-hit National Spot Exchange Ltd (NSEL) with its parent FTIL, industry body Assocham has said that a company cannot be held liable for "any alleged liability" of a subsidiary.

FTIL-NSEL swap ratio finalised; NAFED to get 38 shares

Last Updated: Friday, April 10, 2015, 18:02

The government has finalised the share swap ratio for the proposed merger of crisis-hit NSEL with its parent Financial Technologies, which itself will not get any share.

Gold retreats from seven-week high

Last Updated: Tuesday, April 7, 2015, 18:29

Spot gold was down 0.2 percent at $1,211.90 an ounce by 1146 GMT, while U.S. gold for June delivery slipped 0.6 percent to $1,211.70 an ounce.

Gold advances to 7-wk high as jobs data cloud rate outlook

Last Updated: Monday, April 6, 2015, 18:26

Gold increased as much as 1.4 per cent to USD 1,223.51 an ounce, the highest price since February 17.

Gold edges up after March drop as dollar slips

Last Updated: Wednesday, April 1, 2015, 08:48

Investors are looking to Friday`s US jobs data when another strong number could boost bets the US central bank will hike interest rates sooner rather than later.

FTIL offers Rs 1000cr settlement plan; brokers reject proposal

Last Updated: Tuesday, March 31, 2015, 16:44

Financial Technologies today said it has submitted to the government a Rs 1,000-crore settlement plan, including Rs 500-crore to be contributed by brokers, to clear the claims of small and mid-sized investors on scam-hit National Spot Exchange Ltd (NSEL).

Guargum futures gain on spot, export demand

Last Updated: Tuesday, March 31, 2015, 14:24

Guargum prices rose by 1.16 percent to Rs 8,840 per quintal in futures trade Tuesday as participants enlarged positions amid rising spot and export demand.

Gold set for 2nd monthly loss as US rate hike eyed

Last Updated: Tuesday, March 31, 2015, 08:47

Gold edged lower on Tuesday and was heading for a second straight monthly fall, pressured by expectations the US Federal Reserve will increase interest rates this year.

Gold drops on strong dollar, Fed's Yellen rate hike comment

Last Updated: Tuesday, March 31, 2015, 08:20

Chairwoman Janet Yellen said late on Friday an increase in the Fed`s benchmark rate "may well be warranted later this year" given sustained improvement in US economic conditions.

Gold falls 1% as Yellen signals US rate hike on track

Last Updated: Monday, March 30, 2015, 14:06

"Yellen`s latest comments might just change the course of gold and cause a downward movement in the price from hereon," said Howie Lee, analyst at Phillip Futures, who sees gold dropping to as low as $1,180.

Copper futures fall on weak global cues, subdued demand

Last Updated: Wednesday, March 25, 2015, 13:36

Copper prices fell by 0.64 percent to Rs 385.25 per kg in futures trade Wednesday on speculators reducing their positions amidst weak global cues.

Lead futures decline on subdued spot demand

Last Updated: Wednesday, March 25, 2015, 13:30

Lead prices eased by 0.78 percent to Rs 114.65 per kg in futures trade Wednesday as speculators trimmed positions on weakness in base metals overseas and subdued domestic spot demand.