India retains ICC Test Championship; wins $1 mn award

After defeating Australia 2-1 in a four-Test series, India on Tuesday retained the ICC Test Championship mace. Indian team also won a cash prize of USD 1 million for holding on to the top position in the Test Team rankings, said the media reports. Indian Captain Virat Kohli, who could not play due to a shoulder injury, received the mace and cheque from Sunil Gavaskar. India had entered the seri

Oil prices rise with Libya disruption but upside capped

By Sabina Zawadzki

LONDON - Oil prices rose on Tuesday thanks to a weakened dollar, supply disruption in Libya and the latest comments from officials suggesting OPEC could extend its deal cutting global production.

But crude was weighed down by a resurgence in U.S. shale oil production and the expectation that inventories in the country would once again buil

Analysis - British bonds buoyed by Brexit risks, but prone to inflation burn

By Dhara Ranasinghe and Andy Bruce

LONDON - Fast-rising inflation and growing talk of tighter monetary policy from the Bank of England may spell the end of a winning streak for British gilts, among the best performers in major government bond markets this year.

Yields on 20- and 30-year gilts neared five-month lows on Monday, contrasting with short-dated yie

Zinc futures keep head above water

Zinc futures were marginally higher during evening trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal as risk appetite returns as market participants looked to see whether US President Trump would be able to enact tax cuts and other reforms which were promised during election campaign.

The prices of zinc fell recently

White metal in reverse gear

Silver futures were little changed during evening trade in the domestic market on Tuesday as investors and speculators exited their positions in the precious metal amid muted safe-haven demand as risk appetite returns as participants looked to see whether US President Trump would be able to enact tax cuts and other reforms which were promised during election campaign.

White metal pric

Stock Market Prediction 29th March 2017

* Today is a zero weightage day, and you are already aware about effects of the same.

* Actually, you should avoid trading today. Yet, if you wish to trade, do delivery based work.

* From 9.15 to 10.00 Nifty may remain around the surface, or slightly on the down side.

* Between 10.00 to 13.00 do jobbing on the up side at Nifty. Around 10.25 and 12.31 expect an upwa

Evening Update For 28th March 2017 - Angel Commodities

News and Analysis

* US Republican Healthcare bill backed by Trump failed in Congress.

* German Ifo Business Climate surged to 112.3 in Mar’17.

* LME Copper stocks fell by 0.7 percent on Monday. 

 

European stocks are trading higher as global concerns regarding US economic policy subsided. Asian m

28/03/2017 4:35:16 PM | Posted in Commodities Reports read full news
India to use regional-based model to consolidate public-sector banks - official

HONG KONG  - India plans to adopt a regional-based model for consolidating its bloated public-sector banks, the chairman of its Banks Board Bureau said on Tuesday.

"We have to plan a model for consolidation which will be region-based so that we have a few strong banks in the west, north, south and east," Vinod Rai said. "That will also avoid branch

Government wants to pass GST bills through consensus: Finance Minister

Finance Minister Arun Jaitley said the GST bills are based on the principle of "shared sovereignty" and that the government wants to pass these landmark tax reforms through consensus, reported PTI. Jaitley was briefing the party MPs after BJP's parliamentary party meeting here which was also attended by Prime Minister Narendra Modi, Parliamentary Affairs Minister Ananth Kumar told

EU top court upholds sanctions against Russia's Rosneft

By Julia Fioretti

LUXEMBOURG  - Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court's jurisdiction over the bloc's foreign policy.

The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and st

Coal India expects 2.5% production growth

After achieving a 9 per cent growth in coal production in the last financial year, Coal India expects to conclude this fiscal year with a 2.5 per cent growth in production and 2 per cent increase in coal off-take, an official said on Tuesday.

"We expect a production growth of 2.5 per cent by end of this fiscal and our off-take will have a 2 per cent growth," Coal India's

German SMEs to Investment euro 650 mn into India through MIIM

  The Make in India Mittelstand (MIIM) investment facilitation programme launched by the Indian embassy here has so far mobilized investment of about euro 650 million and helping create 4,000 employment opportunities in India, an official statement said.

The programme is currently facilitating 72 German SMEs (Mittelstand) in their market entry into India. A total of 41 Germa

Rupee bulls shouldn't expect USD/INR to appreciate below 64-65 levels

With the positive market sentiment created by the sweeping BJP win in the UP state election and a global sell-off in the US dollar, rupee bulls have managed to take the USD/INR close to the 65 level. Many currency traders are expecting this trend to continue, although at a slower momentum, which may take the exchange rate further down to around 62-63 levels in the coming months. But being bulli

Arun Jaitley hopes GST bill will be passed through consensus

Describing the Goods and Services Tax (GST) bill as "revolutionary", Finance Minister Arun Jaitley on Tuesday hoped all the political parties would pass the related bills through consensus in the current session of Parliament.

Jaitley's remarks came at the BJP parliamentary party meeting which was also attended by Prime Minister Narendra Modi and other senior ministers o

Banks looking for lower savings account interest rates

Falling growth in loans is making banks to look at the possibility of lowering the interest rates on savings bank accounts so as to improve their pre-provision operating profits, investment banking firm Jefferies said.

In an industry note on Indian banking sector about the concerns of investors after the US roadshows, Jefferies said: "Falling loan growth doesn't augur well wi

Anil Ambani inducted on Atlantic Council advisory board

Reliance Group Chairman Anil Ambani has been inducted on the international advisory board of global think-tank Atlantic Council that has among its members former US National Security Advisor Zbigniew K. Brzezinski and former Australian Prime Minister Kevin Rudd, the company said on Tuesday.

"The Atlantic Council today (March 28) announced the induction of Anil Ambani to its Inter

Sensex recovers on global cues; Trump anxiety subsides

 Indian shares ended higher on Tuesday as losses in the previous session were seen as overdone, with sentiment also improving as Asian markets recovered after some of the anxiety about U.S. President Donald Trump's ability to push his agenda subsided.

The broader NSE Nifty ended 0.61 percent higher at 9,100.80 while the benchmark BSE Sensex closed 0.59 percent higher at 29,40

Moody's assigns (P)Baa3 ratings to the MTN program of IREDA

Moody's Investors Service, a global rating agency, on Tuesday assigned a (P)Baa3 long-term senior unsecured rating and (P)P-3 short-term rating to the USD 300 million medium-term note (MTN) program that was established by the Indian Renewable Energy Development Agency Limited (IREDA, local and foreign currency issuer rating: Baa3, standalone credit profile: ba3). The rating outlook is stabl

NTPC board approves Rs 3,004 cr investment in Talaipalli project

State-owned electricity generater NTPC Ltd on Tuesday said its board has approved an investment of about Rs 3,004 crore for Talaipalli coal mining project with an estimated 18 million tonnes p.a. capacity. In a filing to the Bombay Stock Exchange, the company said, “In line with the corporate disclosure requirements, we wish to inform that the board of directors of the company has accorde

Skipper starts commercial production at Palasbari unit

Skipper, India’s leading manufacturer of transmission and distribution structures, on Tuesday said that it has successfully commenced commercial production at its new unit in Palasbari (near Guwahati), Assam on March 27, 2017.

“This is the company's eighth manufacturing unit (second near Guwahati) and has an installed capacity of 30,000 tonnes for engineering products

ICICI Bank partners Truecaller for UPI-based mobile payment

ICICI Bank today announced a partnership with mobile app firm Truecaller for a new UPI-based mobile payment service called Truecaller Pay. Truecaller Pay will allow users of the app to instantly create a UPI id, send money to any UPI id or a mobile number registered with the BHIM app, ICICI Bank said in a statement. It will also enable users to recharge their mobile number from within the Truec

Suven Life Sciences gets patent for neuro-degenerative molecule

Suven Life Sciences has received one product patent from New Zealand for its molecule to be used in the treatment of neuro-degenerative diseases, reported PTI. With this new patent, Suven has a total of 26 patents from New Zealand. The new patent is valid through 2033, Suven Life Sciences said in a BSE filing. "We are very pleased by the grant of these patents to Suven for our pipeline of

Cairn India-Vedanta merger: All approval in place barring RBI

Vedanta Ltd said it has received all approvals for its merger with Cairn India barring the RBI nod for issuing redeemable preference shares to the non-resident shareholders of the oil producer, reported PTI. "The company has now received all the required approvals in relation to the Scheme of Arrangement between Vedanta Ltd and Cairn India Ltd, and their respective shareholders and credito

Britannia forms India JV with Greek baker Chipita

Britannia Industries, an Indian food-products corporation, on Tuesday said that it has entered into a joint venture agreement with Chipita S A, a Greek company, for developing, producing and selling ready-to-eat long life filled croissants and other products. Chipita was established in Greece in 1973 as a company producing and marketing savoury snacks. Chipita is currently present international