Rajesh Bhayani
Rajesh Bhayani
Page 28 - Rajesh Bhayani
FMC asks MCX to increase shareholder representation on Board
Earlier, FMC had also rejected the exchange's choice of MD
 "FMC asks MCX to increase shareholder representation on Board")
UCX starts refunding money to members
Exchange has refunded Rs 3.7 cr recently to 127 members
 "UCX starts refunding money to members")
Gold at discount as market enters oversupply zone
Demand likely to remain low till festive season; monsoon to be a key driver in coming months
 "Gold at discount as market enters oversupply zone")
Gold prices drop, discounts soar to 4-5 month highs on oversupply
Sources say imports have dropped sharply after Akshaya Tritiya
 "Gold prices drop, discounts soar to 4-5 month highs on oversupply")
Poor infra and absence of amnesty poses challenge for gold monetisation scheme
It will be difficult to collate smaller lots of gold to convert it in to a lendable quantity
 "Poor infra and absence of amnesty poses challenge for gold monetisation scheme")
Higher onion acreage may keep prices stable
Eastern states like Bihar, West Bengal and Odisha have increased onion production which is helping meet the shortfall
 "Higher onion acreage may keep prices stable")
Sebi forms panel to oversee FMC merger
Commodity exchanges will then be called stock exchanges and they will have to adhere to Sebi norms
 "Sebi forms panel to oversee FMC merger")
One year of Modi Govt: A liberal approach towards gold
More measures being introduced to change the way Indians hold gold
 "One year of Modi Govt: A liberal approach towards gold")
Plastic makers see demand reviving
When prices were falling few months ago, there was uncertainty, now when they are recovering demand has also increased
 "Plastic makers see demand reviving")
Unofficial gold imports might be substantially lower: Somasundaram P R
Interview with Managing Director-India, World Gold Council
 "Unofficial gold imports might be substantially lower: Somasundaram P R")
Gold demand in June quarter may be muted : World Gold Council
However, March demand was the first time since 2012 that gold demand by ETFs showed net buying
 "Gold demand in June quarter may be muted : World Gold Council")
Gold was second-best performing currency in the year 2014: Bob Alderman
Interview with executive VP and head of wealth management, Gold Bullion International
 "Gold was second-best performing currency in the year 2014: Bob Alderman")
April gold import estimated $3.5 bn
In May weather body forecasts of below normal monsoon will haunt gold demand
 "April gold import estimated $3.5 bn")
Silver import up 18% to 220 mn ounce in 2014
India was the second largest importer, after China
 "Silver import up 18% to 220 mn ounce in 2014")
Come September, FMC may have been merged with Sebi
FMC asks commexes to expedite members' audit ahead of regulatory merger
 "Come September, FMC may have been merged with Sebi")
Gold monetisation: Govt scheme to involve jewellers
Details being discussed; interest rate and maturity payment likely in rupees, based on metal price abroad
Informal gold monetisation schemes flourish
Large jewellers participants, offer up to 15% annualised returns
Trading costs to go up after FMC-Sebi merger
Brokers will have to pay registration fee, which will be passed on to clients
 "Trading costs to go up after FMC-Sebi merger")
Trading costs to go up after FMC-Sebi merger
Brokers will have to pay registration fee, which will be passed on to clients
 "Trading costs to go up after FMC-Sebi merger")
CME, ICE plan exchanges at GIFT City IFSC
Looking to partner exchanges that have shown interest
 "CME, ICE plan exchanges at GIFT City IFSC")