InvestmentKit.com Articles

The domestic share market may have gone from strength to strength in May, but mutual fund investors still preferred the safe-haven bet of investing in gold exchange-traded funds (ETFs), market participants said.

Ferrous scrap consumption in the country, which has been showing signs of revival since the start of the current financial year, is expected to get back on track over the next nine months, driven by demand for iron scrap from the infrastructure sector, industry officials said.

Bullion and crude oil prices are likely to trade in a range with a positive bias next week, while base metals are likely to extend last weeks gains.

Scrips not traded for 6 months also to be delisted.

The Bombay Stock Exchanges (BSE) metal index was the largest gainer among all sectoral indices, outperforming the Sensex, during the current week on the back of a sharp rise in metal prices on the London Metal Exchange (LME).

Yashwant Sinha resigns, Rajnath issues gag order.

Lending rate review by month-end.

After 10 years of joint operations, Larsen and Toubro (L&T) and Germanys Demag Plastics Group have parted ways. The joint venture, which was set up in 1999 for making plastics machinery, has ended after Demags new parent, Sumitomo, decided to go it alone in the Indian market by floating a wholly-owned subsidiary.

The parentage of Thomas Cook (India) could soon change hands. A court in Germany has put on the block the 52.8 per cent stake held by bankrupt retailer Arcandor in Thomas Cook Group Plc which owns 77.31 per cent in Indias second-largest travel agency after Kuoni. Thus, there is likely to be a new owner [...]