Ved Prakash

"Sometimes it becomes very difficult to stop a fraud by an individual or by a group of people. I think that is one major area where all PSUs and banks have to focus on fraud prevention and risk management policy," the chairman of the apex body of PSEs said at a press conference here.

MMTC JV signs mining lease agreement with Odisha government

In an interview to CNBC-TV18‘s Nigel D‘Souza and Reema Tendulkar, Ved Prakash, CMD at MMTC spoke about the mining lease agreement their joint venture has signed for iron ore.

Gold import has increased in the last one month, says MMTC

Gold import has increased in the last one month, says Ved Prakash, CMD of MMTC.

MMTC to tie-up with SBI to sell gold coin

The state-run bullion trader, which has already tied up with over half a dozen banks, has so far sold one lakh pieces of "Indian Gold Coin" and has set a target of selling 5 lakhs units in the next few years. The coin is available in denominations of 5gm, 10gm and 20 gm bar.

Authorised to import pulses on behalf of government, says MMTC

MMTC posted weak set of Q1 earnings. However, in an interview to CNBC-TV18, Ved Prakash, CMD of MMTC spoke about the results and his outlook for the company.

Indo-US nuclear agreement an opportunity for MMTC: CMD

MMTC has been in talks with various defence organisations for the nuclear deal, says Ved Prakash, CMD of MMTC.

FY16 PAT to be higher by 25% YoY: MMTC

Ved Prakash, CMD of MMTC says the company is likely to post a higher operating profit in the fourth quarter and FY16 PAT will be higher by 25 percent year-on-year

Domino's outlet's license suspended for low quality sauce

The license of a Domino's Pizza outlet at Gajraula area on NH-24 here has been revoked by the authorities after its sauce was found to be "below standard" in lab test.

Will import up to 10 MT coal in FY16: MMTC CMD

The company's EBITDA loss was due to substantial reduction in gold imports, said CMD Ved Prakash.

Govt to divest 15% stake in MMTC; to fetch about Rs 800cr

The government currently holds 89.93 percent stake in the state-run trading giant and the stake sale would help the company meet Sebi's minimum public shareholding norm. Market regulator Sebi has made it mandatory to have a minimum public holding of 25 percent in all PSUs.

Have received total orders worth Rs 1,500 cr: MMTC

State-run MMTC has received orders for import of steam coal from Coal India and Andhra Pradesh Power Development Company. In an interview to CNBC-TV18, CMD Ved Prakash discusses the order size and the company‘s future plans.

MMTC expects its gold imports to jump 40% in 2011-12

State-owned trading giant MMTC today said that its import of gold in the current fiscal is expected to increase by more than 40% with the yellow metal fast emerging as a safer investment option.