The Thomson Reuters/INSEAD Asia Business Sentiment Index climbed six points to 71 in June, its highest level in five quarters and the third consecutive quarterly rise.
It is felt that this may lead to more gold smuggling, a senior finance ministry official said.
Banker Thomas Hayes first to face UK Libor conspiracy charges
The Register of Members & Share Transfer Books of Visaka Industries will remain closed from June 25, 2013 to June 29, 2013 (both days inclusive) for the purpose of Payment of Dividend & Annual General Meeting (AGM) of the Company to be held on June 29, 2013.
Jagatjit Industries has informed that Mr. Gautam Pal has ceased to be Director of the Company w.e.f. May 30, 2013. Further, Mr. Peri Kameswara Sharma has been appointed as Additional Director of the Company w.e.f. May 30, 2013.
Rama Vision has informed that Mr. Ravinath Mayavaram Viswanatha Raman has been appointed as Nominee Director on the Board of Company in replacement of Mr. Vijay Kumar Dhaundiyal for and on behalf of U P Hill Electronics Corporation Limited (HlLTRON) w.e.f. May 30, 2013.
Forex - EUR/USD lower after Fed, China data
Intas Pharmaceuticals that engaged in the development, manufacture and marketing of pharmaceutical formulations has filed IPO papers with SEBI.
Brokerage house Firstcall Research is bullish on NESCO and has recommended buy rating on the stock with a target price of Rs 845 in its June 19, 2013 research report.
Emkay Commodity Research has come out with its report on precious metals and energy. According to the research firm, Gold in India is expected to go down. However a weaker rupee, which is at all time low, can limit the downside.
Shares, currencies and commodities all crumbled as spooked investors rushed to unwind crowded trades in emerging markets. Asian stocks outside Japan suffered their biggest daily loss since late 2011, key lending rates in China reached historic highs and India's currency carved out a record low.
It is a double whammy for the FCCB issuing companies because the weak rupee means not only will the companies have to repay the loans, but there will be an added cost because of the weak rupee.
India has no plans to increase the size of its inflation-indexed bond issuance in the first half of the current fiscal year, a senior finance ministry official told Reuters on Thursday, declining to be identified.
Global Land Masters Corporation has informed that Mr. Rajiv Kashyap, Director and Compliance Officer of the Company has resigned from the Company due to his personal reason and Board of Director of the Company has appointed Mr. Abhimanyu Deswal as Compliance Officer.
The rupee was at 59.63/64 to the dollar at 10.40 a.m., after earlier falling to a record low of 59.9350. The currency closed at 58.71/72 on Wednesday.
Vibe delivers competitive advantage to customers by allowing them to take advantage of ever evolving data integration technologies and innovations without having to recode.
Ramesh V Shah and Jimit R Shah along with Pushpa R Shah, Yesha R Shah and Sunita J Shah to acquire up to 6,32,500 fully paid up equity shares of Zodiac Ventures.
Butterfly Gandhimathi Appliances at its board meeting held on May 30, 2013 has appointed Mr.T.R.Srinivasan as an Additional Independent Director.
The Register of Members & Share Transfer Books of KMC Speciality Hospitals (India) will remain closed from July 16, 2013 to July 20, 2013 (both days inclusive) for the purpose of 13th Annual General Meeting (AGM) of the Company to be held on July 20, 2013.
Liquidity Adjustment Facility : Auction Result
Gold prices on MCX were trading lower. MCX Gold October contract was trading at Rs 27971 down Rs 204, or 0.72 percent.
ICICIdirect.com has come out with its report on currency. According to the research firm, the US dollar is expected to garner buying support on declines against the INR. One can utilise the lows in the USD/INR June contract to buy. Indian Rupee has a support levels of 58.65 & 58.45, says the ICICIdirect.com report.
Silver prices on MCX slipped. MCX Silver September contract was trading at Rs 44050 down Rs 357, or 0.80 percent.
Jan Hatzius of Goldman Sachs said the FOMC was more hawkish than we had expected. “The risk to our forecast of QE tapering starting in December has increased,†he added.
Dolat Capital is bullish on Greenply Industries (GIL) and has recommended 'Buy' rating on the stock with a price target of Rs 624 in its June 18, 2013 research report.