NEW DELHI, Jan 16: Aluminium prices went up by 0.32 per cent to Rs 108.15 per kg in futures trade today as participants enlarged their positions, supported by a firming trend overseas.
Further, strong demand in the spot markets also influenced metal prices.
At the Multi Commodity Exchange, aluminium for delivery in January inched up by 35 paise, or 0.32 per cent, to Rs 108.15 per kg in business turnover of 226 lots.
The metal for delivery in February rose by a similar margin to Rs 109.70 per kg in 13 lots.
Marketmen said apart from increased domestic demand, a firming global trend helped aluminium futures to trade higher.
Meanwhile, aluminium climbed 1.5 per cent to USD 1,981.50 tonne on the London Metal Exchange. (AGENCIES)
Aluminium futures rise on spot demand, global cues
Viru is the most sporting person: DD CEO
New Delhi, Jan 16: Virender Sehwag may not have been retained by the Delhi Daredevils but the IPL team’s Chief Executive Officer (CEO) Hemant Dua considers the veteran opener “the most sporting personality one would ever come across”.
“Viru is an amazing human being. He is the most sporting person you can ever come across. He is very honest in his thoughts and is a very straight-talking person. He is very much with us in every decision that we have taken,” Dua said in response to a question about whether Sehwag was intimated about the franchise decision of non-retention.
The CEO also made it clear that it is not just Sehwag but the franchise has made it a point to speak to most of its players on an individual basis.
“It’s not only about a Sehwag or a Kevin Pietersen. We have spoken to most of our players on an individual basis explaining them about our decision. Now I can’t divulge the details of the discussion as it is strictly confidential between the player and the franchise,” Dua said.(PTI)
Zinc futures up 0.12 pc on overseas cues, spot demand
NEW DELHI, Jan 16: Zinc futures prices today edged up by 0.12 per cent to Rs 128.75 per kg amid a firm global trend and better domestic demand, as speculators enlarged positions.
At the Multi Commodity Exchange, zinc for delivery in January edged up by 15 paise, or 0.12 per cent, to Rs 128.75 per kg, with a business turnover of 269 lots.
The metal for delivery in February also rose by 10 paise, or 0.08 per cent to trade at Rs 129.15 per kg, with a business turnover 9 lots.
Marketmen said improved demand in the spot market amid a firming trend in base metals overseas, supported the rise in metal prices at futures trade. (AGENCIES)
Dysfunctional industrial estates
Nearly 4.74 crore rupees gone down the drain and the much hyped Industrial Estates in identified four villages in four districts remain non-functional. The main reason is bad planning, to be exact no planning. The purpose of Industrial Estates was to promote the culture of industrialization of backward areas and pockets so that people will get employment and promote. Bad planning, lack of serious interest, absence of boosters and lackadaisical attitude of authorities all have combined to turn the entire exercise into a fiasco of sorts. Not to speak of making prosperous enterprise, even the land identified for the proposed Industrial Estates has not been transferred to the organization as yet owing to non-responsive attitude of the Revenue Department. How then can we expect that our Sate will take some positive strides towards industrialization when this is the sordid condition of planning? Sordid state of affairs of these four Industrial Estates gives a message that profitable expansion of industries in the State is a distant dream. Unless the Government takes drastic steps to expedite inception of industrial estates, we will be only dreaming of things that may never happen.
India aim to upset Germany in HWL classification match
New Delhi, Jan 16:Out of title race after a crushing defeat at the hands of Australia, hosts India would be hoping for a miracle when they take on Olympic champions Germany in the fifth-eighth place play-off game of the Hero Hockey World League Final, here tomorrow.
Going into the clash, the Indians can take heart from their drawn pool match against the same team.
India squandered a two-goal lead against world champions Australia to suffer a 2-7 hammering in the quarterfinal of the eight-nation tournament at the Major Dhyan Chand Stadium yesterday.
Much to the surprise of the Australians, India took a two-goal lead in the first 15 minutes of the opening half through Birendra Lakra (6th minute) and Yuvraj Walmiki (11th minute).
But the Australians showed tremendous fighting spirit to score three goals in the opening period through Nicholas Budgeon (24th), Jason Wilson (29th) and Glenn Turner (35th) to go into the break with their nose ahead.(PTI)
Cardamom futures remain weak, down 0.21% on sluggish demand
NEW DELHI, Jan 16: Cardamom remained weak for the second day and prices fell 0.21 per cent to Rs 703.60 per kg in futures trading today owing to sluggish demand against adequate stocks position.
At the Multi Commodity Exchange, cardamom for delivery in February declined by Rs 1.50, or 0.21 per cent to Rs 703.60 per kg in business turnover of 132 lots.
Likewise, the spice for delivery in March shed 20 paise, or 0.03 per cent to Rs 733.90 per kg in 52 lots.
Market analysts said sluggish demand in the spot market against adequate stocks position on higher supplies from growing regions mainly kept pressure on cardamom prices at futures trade. (AGENCIES)
Rajguru Club, Chander Shaker Azad CC enter semis
Excelsior Sports Correspondent
JAMMU, Jan 16: Rajguru Cricket Club and Chander Shaker Azad Cricket Club defeated Bunty Cricket Club and Subash Chander Bose Cricket Club respectively to seal berth in the semifinals of the ongoing BJYM’s ‘Khelega Yuva Jeetega Bharat’ Cricket Tournament at Parade ground, here today.
Sub-Inspector Sumeet Sharma was the chief guest to grace the occasion and he distributed mementos among the winners, sponsored by “Nutrition Heart” Channi Himmat Jammu. He was accompanied by State BJYM Incharge Yudhvir Sethi, State president BJYM, Ravinder Raina, State general secretary and programme incharge, Ajay Pargal, State vice president and programme co-incharge Karan Sharma, State vice presidents BJYM, Ashish Sareen and Vikas Sharma, district president Jammu, Ishant Gupta, Jammu district vice president BJYM – Ankush Khajuria, programme incharge – Rohit Verma, and Rajan Thakayal.
The first quarterfinal match was played between Bunty Cricket Club and Rajguru Cricket Club. Bunty Cricket Club won the toss and chose to bat first. The team scored 136 runs for the loss of 8 wickets in 20 overs.
In reply, Rajguru Cricket Club chased the required target by scoring 139 runs for the loss of just 5 wickets. Pankaj was declared as man of the match from the team Rajguru Cricket Club for his contribution of 41 runs and 4 wickets.
Meanwhile, second match was played between Chander Shaker Azad Cricket Club and Subash Chander Bose Cricket Club. Chander Shaker Azad Cricket Club won the toss and chose to bat first and secored 160 runs for the loss of 9 wickets in 20 overs.
In reply, Subash Chander Bose Cricket Club failed to chase the required target and lost all the wickets by scoring 107 runs in 17 overs. Vikram made 26 runs and Rakesh contributed 23 runs. Vishwajeet was declared as man of the match for scoring 38 runs and has taking 1 wicket.
Potato futures surge 3 pc on strong demand
NEW DELHI, Jan 16: Potato prices surged 3 per cent to Rs 1,006.10 per quintal in futures trade today as speculators enlarged positions amid strong demand in the spot market against tight supplies from producing regions.
At the Multi Commodity Exchange, potato for delivery in far-month April spurted by Rs 29.30, or 3 per cent to Rs 1,006.10 per quintal in business turnover of 187 lots.
The potato for delivery in March jumped Rs 24.60, or 2.47 per cent to Rs 1,022.10 per quintal in 615 lots.
Analysts said besides strong demand in the spot market, tight supplies from producing regions mainly pushed up potato prices at futures trade. (AGENCIES)
Rupee down by 10 paise against USD
MUMBAI, Jan 16: The rupee slipped today by ten paise to 61.64 on rising demand for US Dollars by importers, traders at the Forex Market said.
With yesterday’s marginal fail, the local unit declined by ten paise in the opening trade following strong Dollar against other world currencies, traders said.
The local unit recorded intra day high and low at 61.59 and 61.68 per Dollar respectively. (AGENCIES)
Crude palm oil futures extend gains on rising demand
NEW DELHI, Jan 16: Crude palm oil extended gains for the second day with prices rising 0.33 per cent to Rs 539.70 per 10 kg in futures trading today as speculators enlarged their positions, tracking a firm trend at spot market on rising demand.
At the Multi Commodity Exchange, crude palm oil for delivery in February gained Rs 2, or 0.33 per cent to Rs 539.70 per 10 kg in business turnover of 87 lots.
On the similar lines, the oil for delivery in January edged up by Rs 1.60, or 0.30 per cent to Rs 534.40 per 10 kg in 71 lots.
Analysts said persistent rise in crude palm oil at futures trade was mostly supported by speculators enlarging positions and a firm trend at spot market on rising demand. (AGENCIES)