 |
||
|
||
| General Insurance industry posts 11
pc growth in FY08 MUMBAI, Jan 1: The General Insurance industry grew 11.60 per cent so far in 2007-08, with robust performance by private players including Reliance ....more' Denying Chiria to SAIL may derail its expansion plans:Official NEW DELHI, Jan 1: Rebutting the Jharkhand government's contention that SAIL does not need full reserves of iron ore from the Chiria mines, a top government official has warned that the state-run steel behemoth's expansion plans could ....more Copper, zinc slip on lower global advice NEW DELHI, Jan 1: Copper and zinc prices pegged lower in the range of Rs 2-3 each on the non-ferrous metal market here today in line with lower overseas advices amid ........more NEW DELHI, Jan 1: The wholesale pulses market closed on a flat note today due to restricted supply against sporadic demand.Marketmen said most of the traders were in celebration mood due to new year, therefore the volume was thin prices remained on overnight levels.Following were :.......more |
|
Freight rates remain flat NEW DELHI, Jan 1: Freight rates for the nine metric tonne payload secton have not showed any major fluctuations on the local truck transport market here today due to easy availability of ......more Gur up on better offtake, market remains close in UP NEW DELHI, Jan 1: Gur prices rose by Rs 25 to Rs 50 a quintal on the wholesale gur (jaggery) market here today following paucity of stocks against increased offtake..........more Wheat dara up on fresh buying interest NEW DELHI, Jan 1: Prices of wheat dara climbed up by Rs 7 a quintal on frantic buying by rolling flour mills triggered by reduced supply.Prices of wheat flour (atta) too remained in keen demand on fresh buying interest amid low availability of ready stocks.......more Sugar up on fresh buying interest NEW DELHI, Jan 1: Sugar price improved on the wholesale sugar market here today following restricted supply against increased offtake.Marketmen said increase buying by stockist and bulk consumers against .......more |
General Insurance industry posts 11 pc growth in FY08 MUMBAI, Jan 1: The General Insurance industry grew 11.60 per cent so far in 2007-08, with robust performance by private players including Reliance General which continues to be the fastest growing insurer. The 13 non-life insurers collected Rs 18,509 crore in premium in FY08 so far against the Rs 16,584 crore collected in the same period last year, according to industry data. During the period, the four public sector non-life insurance companies collected Rs 11,156 crore against Rs 10,771 crore in the corresponding period a year ago. The private players increased their business from Rs 5,813 crore to Rs 7,353 crore till November in FY08. In percentage terms, while the public sector could increase their premiums by just 3.57 per cent, nine private sector players clocked premium growth of 26.49 per cent. Private sector players' market share has grown to about 40 per cent in FY08 as compared to the public sector's 60 per cent in the month. Reliance General Insurance continues to be the fastest growing insurer with a premium collection of Rs 1,315 crore in FY08 so far against Rs 521 crore in the same period the previous year. During the period, market leader New India Assurance premium collection grew by 5.35 per cent to Rs 3,520 crore as compared to Rs 3,341 crore in the year-ago period. In the private sector space, the largest player -- ICICI Lombard -- collected nearly 13 per cent higher premium at Rs 2,348 crore in FY08 so far. (PTI) Denying Chiria to SAIL may derail its expansion plans:Official NEW DELHI, Jan 1: Rebutting the Jharkhand government's contention that SAIL does not need full reserves of iron ore from the Chiria mines, a top government official has warned that the state-run steel behemoth's expansion plans could be seriously hit if the mine is denied to it. "The Jharkhand Government has said if the erstwhile IISCO Steel Plant's level of extraction in the past is considered, SAIL would not need entire 3 billion tons of iron ore from Chiria. This is a flawed argument as it ignores the fact that IISCO has been merged with SAIL and the latter is executing major expansion programmes," the official said. He argued that Indian Iron and Steel Company (IISCO) was earlier under BIFR, and hence, its utilisation of raw material was not substantial and accordingly Chiria and Gua mines were producing only as per its requirements. "But now, the scenario is entirely different as IISCO's capacity-expansion is underway whereby its annual production is scheduled to enhance from the present 0.9 million tons to 2.9 MT per annum by 2010-11 and further to 5 MT per annum by 2019-20," the official pointed out. Besides, SAIL is also increasing its production capacity to 26.2 MT by 2010, including increasing production of its Bokaro Steel Plant to 7.44 MT by 2011. "Moreover, SAIL is also planning to set up a 12 million ton greenfield steel plant in Jharkhand. So, for all these projects, we would be needing more iron ore. If SAIL is not given Chiria, then its expansion plans could be jeopardised," he said. (PTI) Copper, zinc slip on lower global advice NEW DELHI, Jan 1: Copper and zinc prices pegged lower in the range of Rs 2-3 each on the non-ferrous metal market here today in line with lower overseas advices amid stockist selling. Marketmen said the downtrend in zinc and copper resulted from the fall in international prices. However, rest other base metal prices continued to be asked on previous closing levels on some support. Copper wire scrap, copper super d rod and copper wire bar lost by Rs.3 each to settle at Rs.337, Rs.357 and Rs.362 a kilo respectively. Copper ;mixed scrap, c c rod, utensil scrap and mixed scrap also looked down by Rs.3 each to settle at Rs.362, Rs.317, Rs.352, Rs.312 and Rs.307 per kilo respectively. Zinc slab and zinc dross also shed Rs.2 to conclude at Rs.153 and Rs.123 a kilo respectively. In international market, copper dropped by 159 dollar at 6670 dollar and zinc lost 52 dollar at 2368 dollar a metric tonne respectively. Following were today's quotations per kg (in Rs): Tin ingot 805, zinc slab 153.00 zinc dross 123.00, nickel plate (4x4) 1355-1515, (9x9) 1385-1505, (4x24) 1385-1515, cadmium plate 430, Rod 410, antimony (china) 300, gun metal scrap 260, bell metal scrap 260, copper wire scrap 337, copper super d rod 357, copper wire bar 362, copper mixed scrap 317, C C rod 352, Utensil scrap 312, Mixed scrap 307, Chadripital 240, brass sheet cutting 238, bullet scrap 253, bharat scrap 233, accessories scrap 235, brass boring 220-240, brass radiator scrap 210 and huny scrap 244. Lead ingot 98, Lead imported 134-139, Aluminium ingots 135, sheet cutting 130, aluminium wire scrap 125 and Aluminium utensils scrap 123. (PTI) |
NEW DELHI, Jan 1: The wholesale pulses market closed on a flat note today due to restricted supply against sporadic demand. Marketmen said most of the traders were in celebration mood due to new year, therefore the volume was thin prices remained on overnight levels. Following were today’s quotations (in Rs per quintal): Urad Maharashtra 1800-2200, Rangoon 2150-2175, Urad Chilka (local) 2500-2600 , best 2800-3000, dhoya local 2700-2950, best 3000-3300, Moong Maharashtra 2350-2550, UP\Bihar 2000-2300, Rajasthan 2000-2250, dal moong Chilka local 2650-2800, best 2800-3200, moong dhoya local 2825-3050, best quality 3150-3450, masoor small 3060-3110, bold 2710- 2810, dal masoor local 3350-3500, best quality 3550-3750, Malka local 3250-3450, best 3450-3650, Moth 1700-1850, Arhar Maharashtra 2500-2550, Rangoon 2400-2500, dal arhar dara 3200 -3400 and patka 3550-3700. Gram 2125-2200, gram dal (local) 2300-2400, best quality 2500-2700, besin (35 kg) shakti bhog 1040, rajdhani 1060, Rajmah chitra Pune 3000-3600, China 3400-3600, red 2850-2900, kabli gram small 2450-3000, dabra 2775-2875, imported 4600- 4700, lobia 2400-2800, peas white 2050-2100 and green 2050- 2100. (PTI) NEW DELHI, Jan 1: Freight rates for the nine metric tonne payload secton have not showed any major fluctuations on the local truck transport market here today due to easy availability of lorries compared to cargo movements. Transporters said sufficient number of lorries were available, compared to the cargo movements, this kept the freight rates around last levels. Following were today's freight rates in Rs per truck load of nine metric ton: Ahmedabad 11,000 Hyderabad 24,000 Mumbai 17,000 Vijayawada 26,000 Baroda 12,000 Bangalore 30,000 Pune 18,500 Mysore 33,000 Surat 13,500 Pondicherry 36,000 Kanpur 9,000 Coimbatore 40,000 Kolkata 24,000 Chennai 33,000 Ludhiana 8,500 Kochi 43,000 Chandigarh 6,000 Thiruvananthapuram 48,000 Jaipur 4,500 Goa 24,000 Indore 12,000 Gwalior 6,000 Patna 19,000 Guwahati 39,000. (PTI) |
Gur up on better offtake, market remains close in UP NEW DELHI, Jan 1: Gur prices rose by Rs 25 to Rs 50 a quintal on the wholesale gur (jaggery) market here today following paucity of stocks against increased offtake. Marketmen said restricted supply against better offtake caused the rise in gur prices. On the other hand, Muzzafar Nagar and Murad Nagar gur mandies remained closed as traders called band in protest of implementations of 4 per cent vet on gur commodities government. In Delhi, gur chakku rose by Rs.25 to settle at Rs 1075- 1125 a quintal on better offtake. Pedi and dhayya prices also attracted buyers attention on paucity of stocks and pegged higher at Rs.1100-1150 each from Rs 1100-1125 and Rs 1050-1100 a quintal respectively on scarcity of stocks. Sugar also moved ahead from Rs.1225-1275 to settle at Rs 1250-1300 a quintal on restricted supply. Following were today's quotations: Chakku 1050-1100, Pedi 1100-1125 and Dhayya 1050-1100. Shakkar 1225-1275 and Khandsari 1350-1400. In Muzaffar Nagar: Raskat 800-875, chakku 925-1075 and Khurpa 900-925. In Murad Nagar: Pedi 925-950, Dhayya 925-950. (PTI) |
Wheat dara up on fresh buying interest NEW DELHI, Jan 1: Prices of wheat dara climbed up by Rs 7 a quintal on frantic buying by rolling flour mills triggered by reduced supply. Prices of wheat flour (atta) too remained in keen demand on fresh buying interest amid low availability of ready stocks. Prices of other grain maintained last closing levels on some support. Marketmen said fall in supply against frantic buying by rolling flour mills atta chakki, pushed up prices of wheat dara. Wheat dara climbed up by Rs 7 to close at Rs 1,060-1,065 from Rs 1,053-1,058 a quintal on fresh buying interest, while wheat MP deshi maintained last levels on at Rs 1,325-1,600 a quintal. Chakki atta delivery moved up from Rs.1043-1045 to close at Rs.1050-1055 per 90 kilo bags and rolling flour mills prices too fetched buyers attention on paucity of stocks and traded higher from Rs.1032-1038 to Rs 1040-1045 a 90 kilo bags. Following were today's quotations per quintal (in Rs): wheat MP (deshi) 1325-1600, wheat dara (for mills) 1060-1065, chakki atta (delivery) 1050-1055, Chakki atta Rajdhani (10 kgs) 145, shakti bhog (10 kgs) 155, roller flour mill 1040-1045, maida 1130-1140 (90 kilos) and sooji 1130-1150 (90 kgs). Rice basmati (lal quila) 6400, Shri Lal Mahal 6500, Basmati common 5600-5900, Permal raw 1275-1300, permal wand 1450-1525, sela 1800-1900 and rice IR-8 1150-1200, Bajra 625-650, Jowar yellow 600-650, white 1100-1200, Maize 770-790 Barley (UP) 1170-1185 and Rajasthan 1180-1185. (PTI) |
 |
||
|
||
|
|
