Rajesh Bhayani
Rajesh Bhayani
Page 39 - Rajesh Bhayani
IL&FS asks MCX-SX to drop rights issue
The move could scuttle plans of the newest stock exchange to beef up capital and increase net worth
 "IL&FS asks MCX-SX to drop rights issue")
FinMin may cut commodities transaction tax
The tax, 0.01%, was imposed on commodity futures trading on national electronic futures exchanges
 "FinMin may cut commodities transaction tax")
Hedging by gold miners at decade low in Sept quarter
Many interpret the trend as gold prices having bottomed out
 "Hedging by gold miners at decade low in Sept quarter")
FMC may remove daily price caps, widen position limits
At present there are daily price limits for all commodities and any price movement on either side beyond set limits not permitted
 "FMC may remove daily price caps, widen position limits")
10 things to watch for in the commodities space
These 10 factors will have an impact on China and, as a consequence, on the rest of the world
 "10 things to watch for in the commodities space")
Congress takes up plea of gold jewellers to cut import duty
Sonia's letter to govt seeking reduction in duty to 10% raises eyebrows
 "Congress takes up plea of gold jewellers to cut import duty")
Pre-2005 notes being used to buy gold at 2-4% commission
Yet there is no panic among their consumers regarding old currency notes
 "Pre-2005 notes being used to buy gold at 2-4% commission")
Building confidence is our priority: Satyananda Mishra
Interview with Chairman, MCX
 "Building confidence is our priority: Satyananda Mishra")
Gold jewellery inflows via NRIs cool domestic prices
They have come down by half from $210 per ounce in early Dec to $120 as of now
 "Gold jewellery inflows via NRIs cool domestic prices")
Building confidence is our priority: MCX Chairman
Satyananda Mishra reveals how he plans to deal with the issues facing MCX
 "Building confidence is our priority: MCX Chairman")
No directive to FTIL to cut stake in MCX: Regulator
FMC, however, says it has powers to rule on promoter's 'fit & proper' status
 "No directive to FTIL to cut stake in MCX: Regulator")
Service tax authorities arrest director of fitness firm
Talwalkars Fitness Solutions collected Service Tax from Sept 2008 onwards but have not paid to department
Production of consumer durables declines to 7-yr low in Nov
At 21.5%, the index was at its lowest for the month, with key contributors to the decline being auto, gems and jewellery
 "Production of consumer durables declines to 7-yr low in Nov")
FMC to implement FSLRC norms
Wants exchanges to identify separate category of retail investors and ensure their protection
Gold imports may fall 40% to decadal low
FY14 imports seen as 40% lower at 515 tonne compared to FY13
 "Gold imports may fall 40% to decadal low")
Guar gum exports picking up again
Exports from October were up 85% and in September they were up 30%
 "Guar gum exports picking up again")
Over 100 apply for post of MCX CEO
The applicants include several exchange industry professionals, IAS, FII executives
 "Over 100 apply for post of MCX CEO")
Hawala premiums double as gold smuggling zooms
Hawala premiums have doubled to 2.5-2.8% as unofficial gold imports are likely to be atleast 50% more than 100 tn in 2012
 "Hawala premiums double as gold smuggling zooms")
NSEL scam: ED attaches Mohan India properties under PMLA
The agency investigating fund trail of other defaulters, role of NSEL and its officials under scanner
 "NSEL scam: ED attaches Mohan India properties under PMLA")
FTIL likely to sell more of its assets
Deals for overseas exchanges, domestic arms likely to be sealed in FY14 itself
 "FTIL likely to sell more of its assets")
