Interview with Editor-in-chief, Platts
Since April, prices of raw materials needed to spin yarn have risen 17-18%
Several banks have financed farmers on bases of warehouse receipts issued by NBHC
Barely 300 tonnes to be available to domestic jewellery trade over next 12 months
FMC to seek further clarifications from the exchange on the issue
As govt tries hard to choke the metal import, entry through unofficial channels doubled to 60 tonnes in first 5 months of this financial year
Laxity in enforcing KYC and allied norms suspected; money laundering gaps also on probe panel's mind
Indians estimated to be holding 20-25,000 tons of gold. Every year 800-900 tons of gold added to this
Buffalo meat export, growing at 15% per annum in the last decade, was $3.2 bn in 2012-13, while in April-May this year, it stood at $578 mn
The number of warehouses recognised by the six futures exchanges is a few hundred. MCX has recognised a little less than 200 warehouses
Move because promotors of NSEL, MCX-SX are the same
After a brief decline, retail prices surge back to Rs 60-80 a kg at major cities
FT provides bridge loan; Grant Thornton appointed as forensic auditor
Slew of resignations at NSEL over past month in the wake of scrutiny; MCX gaps caused by new-age norms for commexes
After resignatinos, only two members remain on board
Following FMCs new norms, MCX has decided to reconstitute the board
Till this is addressed clearly, questions thrown up by NSEL controversy aren't likely to settle
Last week of July, RBI had allowed banks to import gold on consignment basis and allowed the metal to be leased to jewellers. But that facility had been tweaked last week by the central bank
Exchange to reply to FMC's letter soon, CEO says buyers can't be declared defaulters where there is 'market disruption'
Share prices of jewellery companies fell today following RBI's new norms of gold import