Page 304 - Commodity News

Hedge funds may be allowed in non-farm commodity derivatives initially

Globally, hedge funds are market movers in commodities with an exposure 10 times that in equities

Gold shines brighter on Akshaya Tritiya, demand surges 30%

Due to more preference for lower price jewellery, number of customers was 50% to 60% higher

Bullion trade panels on self-regulation, spot exchange

The technical committee for the good delivery rules is expected to give its paper within 90 days

Penchant for gold jewellery remains unfazed on Akshaya Tritiya

With changing times, people are shifting their focus towards diamond jewellery

Precious metals code proposed to regulate gold business

Gold delivery rules and spot exchange also on agenda, three committee likely to be set up

Akshaya Tritiya: Invest in sovereign gold bonds, not solid gold

They're better as they pay interest and aren't taxed at maturity, but you need to invest long term

Rs 50,000 cr plan to revive shut fertiliser plants, build new gas pipelines

Once running, these units will make India self-sufficient in urea by 2020-21

Buy gold for Re 1: Paytm launches gold sale vertical

New offering is a wealth management product that would be a part of Paytm's proposed payments bank

US demand drives India's gems and jewellery exports in 2016-17

Shipment up 8.95%, US share increases from 22.07% in FY16 to 23.44% in FY17

BIS proposes compulsory registration for selling hallmarked jewellery

This will kill business of online sales as BIS registration is given only to physical premises

Farmers in a spot as FCI halts pulse purchases under MSP

Beats procurement target, to go slow in rabi season; farmers may be forced to sell in distress

Margin contraction likely at steel firms in Jan-March quarter

JSW Steel is likely to be affected the most

DGFT allots 60% of 500,000 tonne duty-free raw sugar import quota to south

West zone takes 30%, while 10% is allocated to a single company in the east

Consumers can now buy 'digital gold' using Paytm, for as low as Re 1

This will enable long-term wealth creation

India to treble export of organic products by 2020

In April, the govt liberalised the quantity ceilings on organic products

Miners warn of 80-mt iron ore deficit on lease extension delay

Licences of 250 mines are set to lapse in three years from now

Settlement rules on commodity options soon

No cash settlement here, expired options devolve into futures; Sebi still working out details

India steel booms as JSW aims to double capacity

The Mumbai-based company plans two plants of 10 million metric tonnes each in Odisha and Jharkhand

Unregistered copper market causing Rs 500-cr loss to govt

Losses are majorly due to non-payment of taxes by the market

Digital India a distant dream: Farmers ask for cash payments to meet needs

Due to several govt regulations, reluctantly, traders pay some part in cheque