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| Orascom open to pick stake in Cos,
seeks clarity on FDI norms NEW DELHI, Dec 16: Egyptian telecom giant Orascom, a key player in Pakistan which has raised security concerns among intelligence agencies after .. .........more NEW DELHI, Dec 16: Prices ruled steady on the wholesale chemical market today in the absence of any worthwhile buying or selling by consuming industries and .......more Almond
strengthens NEW DELHI, Dec 16: Barring strength in Almond california, prices generally ruled steady in the wholesale dry fruits market today in the absence of any worthwhile activity and closed ......more Kirana
depictes a NEW DELHI, Dec 16: The wholesale kirana market depicted a recovery trend today with prices of Black pepper and Netmeg rising on reports of strong outside advices ......more |
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Low density polymer softens on sluggish demand NEW DELHI, Dec 16: Low density polymer prices receded on the wholesale plastic market today due to reduced offtake by consuming industries and ended ........more Saria
weakens on reduced NEW DELHI, Dec 16: Saria weakened on the wholesale steel and iron market today on reduced offtake by stockists owing to ......more Gold
prices tumble to SEATTLE, Dec 16: Gold fell to the lowest in five weeks as a gain in the value of the dollar reduced the appeal of precious metals as alternative investments. Silver ......more Wheat dara declines on stockists selling NEW DELHI, Dec 16: Wheat dara remained weak on the wholesale grains market today on stockists selling,against sluggish demand from rolling flour mills and .........more |
Orascom open to pick stake in
Cos, NEW DELHI, Dec 16: Egyptian telecom giant Orascom, a key player in Pakistan which has raised security concerns among intelligence agencies after acquiring an indirect stake in Hutch-Essar, today said it is open to pick up direct stake in Indian companies. "We don’t mind to do that (picking up direct stake in Indian telecom companies), provided there is a clarity on the FDI and security issues," Naguib Sawires, CEO Orascom, which has an indirect presence in India through Hutchison’s stake in mobile service joint venture Hutch-Essar, said. Sawires, who is in India along with Egyptian Foreign Minister Ahmed Aboul Gheit to discuss various issues with the government, rubbished reports of his company bidding for Hutch-Essar, the third largest mobile operator in the country. "I am already a shareholder in HTIL and an indirect owner of Indian assets here. I am happy to be what I am," Sawires said on being asked if Orascom is bidding for Hutch-Essar. He said all the reports were "speculation". Sawires, however, expressed concern and surprise at his company being termed as a security threat in India and advised that "a country which is looking for 300-400 billion dollar investment should not club security with investments". "It is a dangerous mix. Our company is no security hazard to India. The fact is that the asset here (Hutch-Essar) is managed by Indians. When you have 10-15 billion dollar investment in this country, by virtue of that you become a protector of this country. "Just because we operate in Pakistan that does not mean there is any reason for concern," he said. Orascom, a heavyweight in the Cairo Stock Exchange, is looking at investments not just in telecom but all other sectors that the company operates in Egypt, including fertilisers, steel, cement and hotels. "Our visit to India is that we want to play a bigger role here, but we are looking also for some answers and clarity on the security and FDI issues. And we are here to find out if there is any restriction on our companies here," he said. Asked about the Indian joint venture partner Essar, which had written to the government about Orascom being a security threat, Sawires said: "I understand their position. They (Essar) felt bad because they thought they were not consulted before we came on board. I am open to meeting Essar officials for clearing their apprehension." (PTI) |
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NEW DELHI, Dec 16: Prices ruled steady on the wholesale chemical market today in the absence of any worthwhile buying or selling by consuming industries and closed on a flat note. Arrivals and offtake too remained negligible and volume of business extremely poor. Marketmen said paucity of funds kept prices unchanged as stockists were forced to keep their activities at a low ebb. Following were today's quotations: Ammonia bicarb (25 kg) 310 Ammonium chloride (50 kg) 750-1250, acetic acid (1 kg) 42, boric acid technical (50 kg) 2,900-3,050, borex granular (50 kg) 1300-1400. Caustic soda flake (50 kg) 1,260 citric acid (50 kg) (China) 2,400-2,600 citric acid deshi (50 kg) 2,500-2,900, camphor slab (1 kg) 165-170, camphor powder (1 kg) 155, glycerine (1 kg) 57-59, hexamine (1 kg) 78, hydrogen peroxide (1 kg) 31-32, mercury (34.5 kg) 31,500, menthol bold crystal (per kg) 835, menthol flake (1 kg) 795 and Mentha oil (1 kg) 655. Paraffin wax (50 kg)Iran 2500-2600 paraffin wax (50 kg)China 2800-2950 paraffin wax (50 kg) indian 2950 press wax (p tonne) 14,000 residue wax (p tonne) 25,000 soda ash (50 kg) (tata) 750 soda ash (50 kg) (dcw) 740 soda ash (50 kg) (gujarat) 740 soda ash (50 kg) (birla) 740 Sodium Nitrite (50 kg) 1500-1600 Sodium silicate (Qtl) 1000-1100 stable bleaching powder (shriram) (25 kg) 315 stable bleaching powder (chambal) 300 stable bleaching powder (modi) 320 tartaric acid france (1 kg) 382 thymol (1 kg) 575 titanium dioxide (ttk) (1 kg) 90 titanium dioxide (k-brand) (1 kg) 85 titanium dioxide (china) (1 kg) 80 titanium dioxide (TR-92) 130 titanium dioxide (rc-822) (1 kg) 130 oxalic acid (pcpl-red) 50 kg 2100 oxalic acid (pcpl-blue)50 kg 1725 Zinc oxide (kg) 148 (PTI) |
Almond strengthens on fresh demand NEW DELHI, Dec 16: Barring strength in Almond california, prices generally ruled steady in the wholesale dry fruits market today in the absence of any worthwhile activity and closed around previous levels. Traders said increased buying by stockists in view of ongoing marriage season pushed Almond california prices up. Almond california prices were up by Rs 300 to conclude at Rs 11,000 per 40 kg and its kernel dearer by Rs 3 at Rs 393-394 a kilo. Following were today's quotations per 40 kgs bag: Almond girdhi eased by Rs 50 at Rs 3,750 per 40 kg. Following were today's quotations per 40 kgs bag: Almond (California)new 11,000 Almond (gurbandi) 6,000 Almond (girdhi) 3,750, Almond kernel (california) 393-394, Almond kernel (gurbandi) (kg) 400-430 and Abjosh Afghani 7,000-15,000 . Chilgoza raw-new (1 kg) 450 chilgoza (roasted) (1 kg) 700 cashew kernel 1 kg (no 180) 430-460 cashew kernel (no 210) 355-360 cashew kernel no.(240) 300-320 cashew kernel (no 320) 250-260 cashew kernel broken 2 pieces 150-195 cashew kernel broken 4 pieces 155-180 cashew kernel broken 8 pieces 150-160 copra (qtl) 4,800-5,100 coconut powder (25 kg) 8,50-1,750 dry dates red (qtl) 2,100-4,800 fig 4,000-9,000 kishmish kandhari local 5,800-6,300 kishmish kandhari special 10,000-12,000 kiahmish indian yellow 2600-4000 kishmish indian green 3,500-6,000 pistachio Irani 500-525 pistachio Hairati 525-550 pistachio Peshwari 550-600 pistachio dodi (roasted) 395 walnut new 90-150 walnut kernel new (1kg) 200-350. (PTI) |
Kirana depictes a recovery trend NEW DELHI, Dec 16: The wholesale kirana market depicted a recovery trend today with prices of Black pepper and Netmeg rising on reports of strong outside advices amidst increased demand and closed with fresh gains. The volume of business also improved to some extent. Traders said reports of firming trends from producing centres amidst tight stocks position helped Black pepper and netmeg prices to improve. Black pepper rose by Rs 100 to finish at Rs 10,200-10,300 per quintal. Netmeg also placed higher at Rs 230-240 instead of Rs 220-230 per kilo in view of tight supply. Following were today's quotations (in Rs per quintal): Ajwain 4,000-6,200, black pepper golden Rs 10,200-10,300 Betelnut (kg) 95-110, cardamom brown (Jhundiwali) Rs. 11,200-11,300 cardamom brown (Kanchicut) Rs 12,500-16,500. Cardamom small (kg): Chitridar 170-270, cardamom (colour robin) 245-255, cardamom bold 260-275, cardamom extra (bold) 335-355 and cloves (kg) 225-260. Chirounji (new) (kg) 240-300 Dry mango 2,600-8,500 Dhania 3,500-5,500 Dry ginger 6,500-8,500 Kalaunji 8,000-9,500 Mace-Red (kg) 430-440 Mace-Yellow (kg) 425-430 Methiseed 2,600-4,000 Makhana (per kg) 115-150 Netmeg 230-240 Poppyseed (KG Turkey) 190 Poppseed (KG MP-RAJ) 190-210 Poppyseed (KG U.P.) 160-170 Red chillies 3,000-8,000 Soya bari pariwar (20 kg) 350-400 Saffron (kg) Irani 36,000-37,000 Saffron (kg) Kashmiri 44,000-50,000 Soanf 8,000-10,000 Turmeric 2,500-3,900 Tamarind 1,200-1,600 Tamarind without seed 2,800-4,000 Tea (kg) 70-120 Watermelon kernel 7,400-7,500 Jeera common 8,100-8,400 Jeera dollar 8,300-8,400 (PTI) |
Low density polymer softens on sluggish demand NEW DELHI, Dec 16: Low density polymer prices receded on the wholesale plastic market today due to reduced offtake by consuming industries and ended a shade lower. Traders said fall in demand from plastic carry bag makers against adequate stocks position pulled down low density (LD) polymer prices. LD No 40 and LD No 400 receded to Rs.86.50 and Rs.88.00 from previous level of Rs.86.75 and Rs.88.75 per kilo respectively. Following were today’s quotations per kilo: LD No 40 - 86.50, LD No 400 - 88.00, LDP blowing 77.00, colour 67.50 HD Blowing 78, HD moulding (deshi) 75.00, HD moulding (colour) 79.00, PP No 100 76, PP Colour 81, ABS (Indian) 95,acrylic 120-130, colour 139-144, crystal (Indian) 75, colour 82, poly carbonate 180-190, Nylon No-6 159, Nylon No 66 -180-190, PVC resin deshi 51.00, PVC pest grade 82, imported n.A. (PTI) |
Saria weakens on reduced offtake by stockists NEW DELHI, Dec 16: Saria weakened on the wholesale steel and iron market today on reduced offtake by stockists owing to slow down in constructions activity and closed lower. Elsewhere, prices of other steels continued to enquired at previous levels in limited deals. Marketmen reduced offtake by stockists due to slowdown in constructions activity mainly brought down saria prices. In the saria section, rathi tor 8-mm,10-mm and 12-mm weakened to Rs.27,500, Rs.27,000 and Rs.26,300 as compared to previous levels of Rs.27,800, Rs.27,300 and Rs.26,600 per tone respectively.16-20-mm and 25-32-mm followed suit traded weak at Rs.26,900 and Rs.27,700 per tone respectively. Following were today’s quotations per tonne: CTD saria (kamdhenu) 8-mm, 28,900, 10-mm, 28,450, 12-mm 27,850, 16-20 mm 28,250 and 25-mm Rs 28,350. Rathi tor steel : 8-mm 27,500, 10-mm 27,000, 12-mm 26,300, 16-20 mm 26,900 and 25-32 mm 27,700. Saria Jai bharat (iso 9002) 8-mm 28,000, 10 mm 27,600 12-mm 26,700, 16 to 25 mm 27,400-27,500. Amba saria (iso-9002) 8-mm 27,200, 10-mm 26,800, 12-mm 26,200, 16-20-mm 26,600, 25-mm 26,700. Amba shakti: (TMT) 8mm 27,800, 10 mm 27,100, 12 mm 26,400, 16 to 25 mm 26,700-26,800. M S Angle: (50x5) (50x6) 25,300, (25x3) (32x3) (40x3) 26,300, (40x5) (40x60) 25,400. Angle capital (ISI) (50X5) (50X6) 25,600, (40X5) (40x6) 25,700, (35X5) (65X6) 25,600-25,700. Girder (joist) (150x75) 26,200 (175x85) 26,400 (200x100) 26,500 (125x70) 26,800. T-IRON (40X5) (40X6)(50X6) 25,800. Ingot and Scrap: Mill heavy 16,600-16,800 Turning boring 15,350-15,450, Cast Iron 16,500-16,600, Motor parts 13,300-13,400, Rail re-rolling 15,200-15,300 and ingot Bhivari 21,500. (PTI) |
Gold prices tumble to lowest in five weeks as dollar climbs SEATTLE, Dec 16: Gold fell to the lowest in five weeks as a gain in the value of the dollar reduced the appeal of precious metals as alternative investments. Silver tumbled 7 per cent, the most in three months. Gold, sold in dollars, generally moves in the opposite direction of the U.S. Currency, which reached a three-week high against the euro. The metal is still up 19 per cent this year, while the dollar has fallen 9.4 per cent against euro. Gold futures for February fell 11.80 dollar, or 1.9 per cent, to 619.10 dollar an ounce on the New York Mercantile Exchange, the lowest since Nov. 8. Prices have dropped 5.2 percent this month. Silver for March declined 97 cents to 12.98 dollar an ounce, the lowest since Nov. 20. The percentage drop was the most since Sept 11. Prices slumped 8 per cent this month. High U.S. Interest rates was attracting investment and reducing funds involved in the bullion. The Federal reserve has kept its benchmark rate at 5.25 percent since June. Speculation that central banks and investors would buy gold to diversify out of U.S. Assets helped drive prices to a four- month high of 652.90 dollar on Nov. 30, traders said. Gold has gained every year since 2001, moving in tandem with the euro from 2002 to 2004. Last year, gold gained 18 per cent even as the dollar rose 14 per cent against the euro. (AGENCIES) |
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Wheat dara declines on stockists selling NEW DELHI, Dec 16: Wheat dara remained weak on the wholesale grains market today on stockists selling,against sluggish demand from rolling flour mills and ended in negative zone. Marketmen said stockists selling against reduced offtake by roller flour mills against increased arrival mainly pulled down wheat dara (for mills) prices. Wheat dara (for mills) remained down at Rs.1095-1097 on poor offtake from rolling flour mills. Atta chakki (delivery) followed suit and quoted lower at Rs.1098-1100 a 90 kilo. Maize also shed Rs.10 at Rs.800-830 a quintal for want of support from consuming industries. Following were today’s quotations per quintal: Wheat MP (deshi) 1600-1800, wheat dara (for mills) 1095-1097, chakki atta (delivery) 1098-1100, Chakki atta Rajdhani (10 kgs) 155, shakti bhog (10 kgs) 155, roller flour mill 1090-1100, maida 1200-1210 (90 kilos) and sooji 1240-1260 (90 kgs). Rice basmati (lal quila) 4400, Shri Lal Mahal 4600, Basmati common 3500-3750, Permal raw new 1070-1110, old 900-930, permal wand 1250-1300, sela 1240-1360 and rice IR-8 980-1000, Bajra 700-705, Jowar 730-740 (yellow), Maize 800-830 Barley (UP) 900-910 and Rajasthan 645-655. (PTI) |
Select commodities up on pick up in demand NEW DELHI, Dec 16: The wholesale pulses market today displayed a firm trend today as select commodities ruled firm on increased offtake by retailers amidst higher producing region advices and ended higher. Traders said increased demand from stockists and retailers along with higher producing region advices,mainly pushed of select commodity prices. Urad Rangoon edged up to Rs.3270-3280 a quintal on stockists buying. Its dal chilka (local) followed suit and quoted higher at Rs.4100-4400 a quintal. Masoor small and bold quoted moved up to Rs.2475-2600 and Rs.1920-1930 a quintal respectively. Arhar Maharastra and Rangoon also enquired higher at Rs.2000-2025 and Rs.1920-1930 a quintal respectively. Following were today’s quotations (in quintal): Urad Maharashtra 3125-3350, Rangoon 3270-3280 Urad chhilka (local) 4100-4400, best 4800-5000, dhoya local 4500-4700, best 5500-5800, Moong Maharashtra 2475-2525,Moong (old) 1800-1925, UP\Bihar 2800-3025, Rajasthan 3250-3350,dal moong chilka 3950-4150, best 4400-4650, moong dhoya local 4200-4300, best quality 4500-4800, masoor small 2475-2600, bold 1825-1850, dal masoor local 2250-2350, best quality 2450-2550, Malka local 2275-2350, best 2450-2650, Moth 2800-2900, Moth dagi 2750-2775, best 2650-2700, dal moth 3100-3250, Arhar Maharashtra 2000-2025, (Karnataka) 1900-1975, Rangoon 1920-1930, dal arhar dara 2570-2720 and patka 2800-2900. Gram 2900-2950, gram dal (local) 3280-3525, best quality 3400-3575, besin (35 kg) shakti bhog 1430, rajdhani 1430, Rajmah chitra Pune 3850-4400, China 4100-4200, red 3100-3200, kabli gram small 2950-3000, dabra 2780-2980, imported 4600-4700, lobia 3100-3150, peas white 1500-1510 and green 1550-1575. (PTI) |
Select edible oils down on sluggish demand NEW DELHI, Dec 16: Prices of select edible oils drifted on the wholesale oils and oilseeds market today on lack of buying support amidst fresh arrival and closed in negative zone. However, non-edible oils remained flat on some deals. Marketmen said fresh arrivals in the face of sluggish demand mainly led to a fall in select edible oil prices. In the edible section, groundnut mill delivery oil lost Rs.20 at Rs.5380 a quintal on reduced buying by refining mills. Groundnut solvent refined (per tin) followed suit and quoted lower at Rs.960-980 while soyabean refined mill delivery oil down by Rs.50 at Rs.4700 a quintal. Coconut (per tin) also shed Rs.10 at Rs.950-960. Following were today’s quotations per quintal: Oilseeds: Mustardseed 1500-1730, sunflower 950-990, Cottonseed 750-900, groundnut 1760-1910 and sesame white 2,150-2,450. Vanaspati ghee (15 litres tin) 735-845. Edible oils: Groundnut mill delivery 5,380, Groundnut Solvent refined (per tin) 960-980, Mustard Expeller 4550, Mustard Pakki ghani (per tin) 695-715, Mustard kachi ghani (per tin) 755-880, Sunflower 4,000, Sesame mill delivery 4,650, Soyabean Refined mill delivery 4,700, Soyabean degum (Delhi) 4700, Crude Palm Oil (Ex-kandla) 3,880, Cottonseed mill delivery 4,280, palmoline (RBD) 4,600, Rice bran (phy) 3,700 and coconut (per tin) 950-960. Non-edible oils: linseed 4550 Mahuwa 4300, castor 4160, Neem 2925, Rice bran 2925-2950 and palm fatty 3000-3100. Oil cakes: groundnut dehusk 770-820, Sesame 900-1100, Mustard 670-680 and Cottonseed 725-825. (PTI) Nickel, copper melts on sluggish demand, global cues NEW DELHI, Dec 16: Select base metals, such as Nickel plate and copper, weakened on the wholesale non-ferrous metal market today on reduced industrial offtake amidst reports of weakening trend at London Metal Exchange and closed in negative zone. Marketmen said apart reduced demand from consuming industries, reports of overnight weakness at London Metal Exchange (LME) dampened the trading sentiments here. Nickel plate (4x4), (9x9) and (4x24) shed Rs.5 each Rs.1930-2030, Rs.1930 and Rs.1930-1955 per kilo respectively. Copper wire scrap, super d rod, wire bar and copper mixed scrap were also quoted lower at Rs.320, Rs.370, Rs.345 and Rs.300 per kilo respectively. Following were today’s quotations per kilo: Tin ingot 550, solder (40 per cent) 175, Nickle plate (4x4) 1930-2030, Nickel (9x9) 1930 Nickel (4x24) 1930-1955, zinc slab 210.00, dross 135, cadmium plate 176, Rod 153-156, antimony (china) 260, gun metal scrap 155, Bell metal scrap 150, copper wire scrap 320, copper super d rod 370, copper wire bar 345, copper mixed scrap 300, C.C rod 338, Utensil scrap 90, Mixed scrap 327, Chadripital 145, brass sheet cutting 105.50, bullet scrap 97, bharat scrap 208, accessories scrap 209, brass boring 77-78, brass radiator scrap 82 and huny scrap 97.50. Lead ingot deshi soft 62, hard 67.00, Lead imported 77-82, ingot 107, Aluminium rod 145, sheet cutting 132, aluminium wire scrap 130 and Aluminium utensils scrap 123. (PTI) |
BSNL sets 50 million broadband CHENNAI, Dec 16: State-run telecom firm BSNL has set a target of 50 million broadband connections next financial year, Chairman and Managing Director A K Sinha said today. The year 2007 has been declared as the "Broadband Year", he said at the foundation stone laying ceremony of BSNL’s new administrative building here today. The function also commemorated BSNL’s 20 lakh mobile phone connections in Tamil Nadu. Union IT and Communications Minister Dayanidhi Maran, who was also present, said private operators began mobile operations in 1994, while BSNL started it in 2004. The growth was still tremendous compared to private operators, he said. He said the Government had set a target of 25 crore mobile connections by 2007 and already 18 crore has been achieved. "We have only seven crore more connections to reach that target," he said. Tamil Nadu local Administration Minister M K Stalin laid the foundation stone for the building. The new nine storied building will house all 20 circles of BSNL and will be spread over four lakh square feet. It is expected to come up within 18 months at an estimated cost of Rs 96 crore. (PTI) |
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