NEW DELHI, July 9: Zinc prices fell 0.15 per cent to Rs 136.90 per kg in futures trade today as speculators trimmed positions on negative cues from overseas markets.
Besides, sluggish demand in domestic spot markets further fuelled the downtrend.
At the Multi Commodity Exchange, zinc for delivery in August traded lower by 20 paise, or 0.15 per cent, to Rs 136.90 per kg in a business turnover of 9 lots.
Similarly, the metal for delivery in July shed 15 paise, or 0.11 per cent, to Rs 136.20 per kg in 86 lots.
Market analysts attributed the fall in zinc futures to a weak global trend where it retreated from a 35-month high.
Meanwhile, zinc for delivery in three months dropped 0.5 per cent to USD 2,270 a metric tonne on the London Metal Exchange. It had hit USD 2,318.50 yesterday, the highest since August 2011. (PTI)
Zinc futures fall 0.15% on global cues
Copper futures soften 0.23% on weak demand
NEW DELHI, July 9: Copper prices moved down by 0.23 per cent to Rs 439.60 per kg in futures trade today as speculators reduced positions amid subdued demand in the spot market.
At the Multi Commodity Exchange, copper for delivery in far-month November shed Re 1, or 0.23 per cent, to Rs 439.60 per kg in a business turnover of 10 lots.
Likewise, the metal for delivery in August traded lower by 75 paise, or 0.17 per cent, to Rs 433.70 per kg in 795 lots.
Market analysts said the fall in copper prices at futures trade was due to offloading of positions by speculators on a weak trend at spot market.
Meanwhile, copper for delivery in three months was little changed at USD 7,130 a metric tonne at the London Metal Exchange. (PTI)
Cardamom futures down 1.98% on profit-booking
NEW DELHI, July 9: Cardamom prices fell by 1.98 per cent to Rs 980 per kg in futures trade today as speculators booked profits on sluggish demand in spot markets.
Adequate stocks availability in the physical market on increased arrivals from the producing belts also put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in July fell by Rs 19.80, or 1.98 per cent, to Rs 980 per kg in a business turnover of 7 lots.
Similarly, the spice for delivery in August traded lower by Rs 5.10, or 0.53 per cent, to Rs 947 per kg in 186 lots.
Market analysts said sluggish demand in the spot market against adequate stocks position on increased arrivals from producing regions kept pressure on the cardamom prices at futures trade. (PTI)
‘Youngsters bet on friendships at work for job happiness’
NEW DELHI, July 9: Many of the working youngsters in the country feel that having friendships with colleagues at work place contributes positively to happiness and success in their jobs, says a survey.
The findings of the survey conducted by professional networking site LinkedIn also revealed that their closest colleagues understand them better than their partners.
As many as 62 per cent of the millenials — in the age group of 18 to 24 years — felt that friendships at work place made them feel happy, while 56 per cent said it motivated them. About 44 per cent of the respondents opined that friendships at work place made them more productive.
Citing the survey, LinkedIn India Communications-head Deepa Sapatnekar said there is a clear shift in how personal these relationships get, with 67 per cent of millenials saying that they were likely to share personal details with co-workers.
“Our survey reveals that interpersonal relationships at work can contribute in subtle yet visible ways to career and job success,” Sapatnekar said in a statement today.
Throwing more light on the behavioural aspects of millenials, nearly one out of three who participated in the survey believe that socialising with colleagues in person would help them advance their career.
“Three out of five millenials workers in India report that socializing in-person with coworkers makes their working environment better,” the statement said.
Further, 45 per cent of the millenials surveyed in the country said that they have confided in a colleague instead of a friend or partner for relationship advice.
Besides, 45 per cent professionals in India reported that friendships with colleagues made them more productive at work as compared to a global average of 34 per cent.
Interestingly, 19 per cent of millenials would sacrifice friendship with a colleague for a promotion, the survey said.
On the other hand, about 28 per cent of those aged between 55-65 years opined that friendship with colleagues did not have any bearing on their performance at work.
The survey ‘Relationships @ Work’ covered more than 11,500 full-time professionals around the world.
Respondents between the ages of 18-65 were surveyed in 14 countries including the US, India, Australia and Hong Kong. (PTI)
Mentha oil futures rise 0.85% on fresh buying
NEW DELHI, July 9: Mentha oil futures rose 0.85 per cent to Rs 722.60 per kg today as traders created fresh positions on pick-up in industrial demand.
Restricted arrivals from major producing regions also influenced mentha oil futures.
At the Multi Commodity Exchange, mentha oil for delivery in July gained Rs 6.10, or 0.85 per cent, to Rs 722.60 per kg, with a trading volume of 505 lots.
Similarly, the oil for delivery in August rose by Rs 5.70, or 0.77 per cent, to Rs 737.90 per kg, with a business turnover of 93 lots.
Marketmen said fresh positions created by traders, following pick-up in spot demand and lower arrivals from Chandausi in Uttar Pradesh, pushed up the prices of mentha oil at futures trade. (PTI)
MCX shares gain 6 pc as Jhunjhunwala buys stake
MUMBAI, July 9: Shares of Multi Commodity Exchange of India today jumped 6 per cent after ace investor Rakesh Jhunjhunwala purchased nearly two per cent stake in the commodity bourse for over Rs 66 crore.
Shares of the company opened the day on a positive note and further gained 5.98 per cent to Rs 720.40 on the BSE.
At the NSE, it surged 6 per cent to Rs 720.
Rakesh Jhunjhunwala had yesterday purchased nearly two per cent stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter FTIL diluted its holding from 26 per cent to 24 per cent.
MCX’s erstwhile promoter Financial Technologies (India) Ltd (FTIL) has sold a total of 10.19 lakh shares, amounting to two per cent stake in the commodity bourse.
Jhunjhunwala picked up 10 lakh shares of Multi Commodity Exchange (MCX) on an average price of Rs 664 apiece, data available with stock exchanges showed yesterday. This values the transaction at Rs 66.4 crore. (PTI)
Chana futures up on better spot demand
NEW DELHI, July 9: Chana prices rose by Rs 23 to Rs 2,678 per quintal in futures trade today as speculators enlarged their positions on rising spot market demand.
At the National Commodity Derivatives Exchange, chana for July contract rose by Rs 23, or 0.87 per cent, to Rs 2,678 per quintal, with an open interest of 64,960 lots.
Similarly, the commodity for delivery in August gained Rs 23, or 0.83 per cent, to Rs 2,778 per quintal, with an open interest of 1,45,380 lots.
Analysts said increased buying by speculators on good demand in the spot market mainly led to a rise in chana futures prices. (PTI)
Save Tawi
Sir,
This has reference to the news item ‘Restoration of pristive glory of river Tawi DE July 7.
River Tawi which passes through the heart of Jammu City is not merely a water body but it has a great significance for people of Jammu. The people here hold it in great reverence as some religious rituals are linked to it. Besides, it is a lifeline for the city dwellers, and irrigates the agricultural land around the city.
But the river is being treated as a dustbin as city Sewerage drains into it thus making it polluted. It is also seen that drivers wash their vehicles in it. In case encroachment of its banks and other problems continued to plague it. It will lose its existence in the near future. The beautification of this river has become a necessity. Its banks can become ideal picnic spots for Jammuities throughout the year. It is requested to all stakeholders to come together to save this river.
Yours etc…
Sunil Jamwal
horoscope
Thursday July 10-2014
Aries : You will be indecisive today, which is not usually the case with you. Ganesha says this could lead you to indulge in speculation, which is not so bad unless you risk all your money in it. Besides, when it comes to matters of the heart, you must exercise a great deal of caution.
Taurus : Love is on the cards, says Ganesha. Your senses are likely to remain highly active today. Stay alert and avoid drifting into your own world at the cost of work. It is best for you to keep your eyes and ears open to avoid any misunderstanding with your near and dear ones, suggests Ganesha.
Gemini : You will become more emotional and sensitive today. Health, diet, career, job and such things will be on your mind and will give rise to mental stress and worry. You need to take care of your health and hygiene, says Ganesha.
Cancer : Today, it is quite possible that you have a presentiment of things that are about to happen. Scarily enough, the premonition may not be too far off the mark. All your senses, especially your sixth sense, are likely to remain highly active today. It is best for you to keep your eyes and ears open to avoid any misunderstanding at work or home, says Ganesha.
Leo : You will try to finish your tasks as per schedule and will also be able to earn well. You will benefit from the influence of high ranking officials. They will appreciate your dedication. A promotion may come your way. You will reap the rewards of your hard work, says Ganesha.
Virgo : You will be really very tough today, like a man of steel, but there is enough warmth in your heart. Forbearance, positivity and extremely artistic abilities will predominate. Ganesha advises you to pursue the arts in your studies. Your deep insight into life will help you in serving society in a better way.
Libra : Ganesha says you will put everything aside to pay more attention to your outward appearance and your beauty as you will be more aware about it. People will get attracted to your beauty today. You will be able to share your own ideas and thoughts with people, at the same time you will learn about their views and from their experiences.
Scorpio : For you Scorpios, love and intense passion are like a way of life. Today will not be any different, for you will put these on top priority, as you mark today’s planner. Well, there is no harm in it, till you know your boundaries. At work, take it easy, for if you fail to resist yourself from making a pass at someone attractive, you may land yourself in serious problems. Instead focus on your creative energies, and find fun in life’s simple pleasures.
Sagittarius : You feel highly balanced today, says Ganesha. Being a family person, you dedicate your time equally at home and carry out responsibilities towards family. When it comes to work, you are at ease today. Enjoy the serenity of nature in the evening.
Capricorn : If you are an engineer, you will consider about investing your money in your dream project or a business venture. For sports person, today will be a favourable day for health and wealth, foresees Ganesha. Make every step ahead wisely, otherwise you will have much to regret when something goes wrong. Socially, you will build a stronger reputation, says Ganesha.
Aquarius : One way or the other, money matters will be the highlight of the day. Working environment at your office will be better than before. Be prepared to work harder as today your bosses may assign you some new projects, foresees Ganesha. Travelling is on the cards for you.
Pisces : To get away from your daily tasks you will concentrate on entertainment, fun and rest today. You will feel like a free bird today. In all this also some important task will need your attention today. Ganesha says you feel nice as things around you change.
Train to Katra
Sir,
Finally the wait is over. The people from Katra and vicinity must be quite relaxed after train to Katra was inaugurated by the Prime Minister of India. The train is not merely going to benefit lakhs of Vaishnodevi yatris who come from far flung areas of the country but the local people as well. The train will change the socio-economic outlook of the people living here. Many people would find job opportunities.
However, it is requested to the local authorities to keep the town clean. The town as it exists new presents an ugly picture of garbage dumps and chocked drains. The bus stand remains quite congested. There is great scope for improving the sanitary conditions in the town. Besides, it is urged to the authorities to constitute special squads who would keep a vigil on market. In the past, it was reported that some unscrupulous shopkeepers have been cheating the innocent yatris by charging them high rates. These elements bring disrepute to this holy town.
Yours etc…
Rajesh Gupta
Katra