The overall demand stood at 1,262 tonne in Q1 2016, according to the WGC's latest Gold Demand Trends report.
However, similar to currencies, gold too has seen highs and lows in 2016 with events such as the U.K.'s decision to leave the European Union and US elections. While many analysts have said gold can reach USD 1,300 per ounce this year, the asset class continues to remain under pressure.
Forbes said that government must remove cash withdrawal restrictions at the earliest to give a "psychological boost" to consumers. That, he said, is the single action required from government to spur consumption.
Domestic steel demand remained largely stagnant in Q1 2016-17, with consumption growing by just 0.4 percent year-on-year (y-o-y) during this period, ICRA said in a statement.
"The Consumer Confidence Index score for India in Q3, 2016 has climbed five points to 133 from 128 in the previous quarter to reclaim the top spot on the global index. This is a bounce back to the same levels of optimism seen in Q1, 2016.
According to global deal tracking firm Mergermarket's Q1-Q3 global and regional M&A report, there were 12,283 deals worth USD 2.2 tillion in the January-September period, while in the same period last year there were 13,263 transactions worth USD 2.8 tillion.
While announcing its first quarter earnings, Infosys had slashed its annual sales growth guidance to 10.8-12.3 percent in US dollar terms for 2016-17, down from the previous forecast of 11.8-13.8 percent.
According to a CNBC-TV18 poll, BHEL was expected to post weak June quarter. The company was seen reporting net loss at Rs 15 crore in April-June quarter while revenue was likely to be flat at Rs 4630 crore. Its EBITDA loss in Q1 was expected at Rs 205 crore year-on-year.
Quarterly smartphones shipment data by the International Data Corporation suggests penetration is, at least temporarily, losing steam.
Pipe maker Jindal SAW Friday said its standalone net profit fell by 32 percent to Rs 65.78 crore for the quarter ended June 30, 2016.
Cable manufacturer Shilpi Cable Technologies (SCTL) today reported a 13 per cent increase in net profit to Rs 62.43 crore for the quarter ended June 30 2016.
The letter has resulted in a delay of some of important product launches this year and also necessitated a significant cost towards the remediation efforts, Prasad added.
In Q1 volume growth is seen between 11-12 percent and anything above 10 percent will be considered positive. EBITDA margin expansion of 50 basis points will also be positive.
The two-day Federal Open Market Committee's (FOMC) monetary policy meeting is not expected to make any change in interest rates but may provide hints on timing of its next interest rate hike.
The company's consolidated net profit was down at Rs 5 lakh against Rs 2.8 crore, in the same quarter last fiscal.
Abneesh Roy of Edelweiss Securities expects HUL's EBIDTA margins to expand about 50-60 basis points.
Though Q1 is a seasonally strong quarter, volume growth of 3.4 percent (QoQ) was the lowest growth in eight years while Q1 revenue growth was weakest in last five years. TCS has retained margin guidance of 26-28 percent, but Q1FY17 margin of 25.1 percent was the lowest since Q1FY10.
In an interview with CNBC-TV18, Ravikant Bhat, Research Analyst at IDBI Capital, talked about his expectations from IndusInd Bank's first quarter numbers and explained why it continues to remain his top stock pick in private sector banks.
Earnings of Sensex companies are expected to drop 2 per cent led by telecom, energy, automobile and banking sectors, during the first quarter of 2016-17 over the same period a year-ago, says a report.
"AirAsia India posted load factor of 86 percent in Q1 2016... Number of passengers carried was at 0.54 million (5.4 lakh), up by 127 percent year-on-year," Malaysia's AirAsia Berhad said today while releasing the operating statistics for the first quarter of this year.
Ambuja Cement posted a strong set of numbers with the company posting standalone total income, EBITDA and net profit of Rs 2,444 crore (down 0.7 percent YoY), Rs 449.8 crore (down 11.8 percent) and Rs 303.8 crore (down 4.4 percent).
Mayuresh Joshi of Angel Broking is of the view that one can hold State Bank of India.
The domestic volume of tractor sales may remain weak during FY16 as the rating agency's outlook sees a decline in tractor volumes (domestic+exports) by about 7-8 percent in FY16. Besides, any recovery in volumes is only likely to happen over the medium term, ICRA said.
The company had registered a net profit of USD 262 million in the year-ago period. Without one-time costs, Lenovo said its profit would have been USD 166 million.
"Recipharm will acquire 74 percent of the shares (of Nitin Lifesciences) for an estimated purchase consideration of Rs 671.2 crore on a cash and debt free basis," Recipharm said in a statement. The acquisition is expected to be completed in Q1 of 2016 once FIPB approval comes through, it added.