Nepal eyes fastest economic growth rate in 23 years

By Gopal Sharma

KATHMANDU - Nepal said on Monday its economic growth for the fiscal year ending in mid-July was projected to be the highest in 23 years on the back of improved power supplies, agricultural production and higher spending on reconstruction work after earthquakes.

Finance Minister Krishna Bahadur Mahara said the economy would grow by 6.9 percent

Higher women`s share in labour force to lift India growth rate: World Bank

By Manoj Kumar

NEW DELHI  - India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday.

Such reforms would boost household earnings and reduce poverty, besides creating better health and education conditions for the women's

The Nifty saw a sharp recovery from the value zone near 9360 - Tradebulls Sec

As expected Nifty saw a sharp recovery from the value zone near 9360 as the 'Resistance becoming Support' theory remained valid yet another time. The sharp rebound near the value zone resulted into a fresh impulse move which could see an extension towards 9740 on an immediate basis. With no signs of a negative divergence on RSI and its placement below its overbought zone compliments the

Strong start to summer driving season pushes U.S. oil towards $50

By Henning Gloystein

SINGAPORE - U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

U.S. demand for transport fuels such as gasoline used in cars and diesel in buses tends to rise significantly as families visit friends and relativ

RBS investor group accepts offer to end lawsuit over 2008 cash call

By Kirstin Ridley and Andrew MacAskill

LONDON  - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.

Organisers of the RBoS Shareholder Action Group, that had vowed to see the ba

Venezuela opposition accuses Goldman Sachs of financing dictatorship

CARACAS - The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country.

The Wall Street Journal on Sunday said Goldman paid 31 cents on the dollar

Nifty settled almost unchanged in a volatile trading session - Religare Sec

Nifty Outlook

Nifty settled almost unchanged in a volatile trading session, indicates a pause after the recent up move. On the other hand, the broader market was under pressure from the beginning and mostly sectoral indices too ended lower. However, rotational buying in select index majors helped Nifty to hold above 9600. Mostly global markets are clos

Akzo Nobel wins court case against dissident shareholders

By Toby Sterling and Bart Meijer

AMSTERDAM  - A Dutch court on Monday rejected a request by Akzo Nobel investors for it to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries, handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion euro ($28 billion) proposed offer.

India`s BHEL fourth-quarter profit falls 57 percent, misses estimates

 State-run power equipment maker Bharat Heavy Electricals Ltd reported a 57 percent fall in fourth-quarter net profit on Monday, missing analysts' estimates.

Net profit was 2.16 billion rupees ($33.47 million) in the quarter ended March 31, compared with 5.06 billion rupees a year earlier. 

Analysts on average had expected a quarterly profit of 5.82 billion rup

Greece, Italy tensions hit euro, Asian stocks, lift yen, gold

By Nichola Saminather

SINGAPORE  - Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday.

The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, th

SEBI proposes tighter rules for offshore derivatives

MUMBAI  - The Securities and Exchange Board of India's (SEBI) on Monday proposed to tighten rules on offshore derivative instruments (ODIs) by imposing "regulatory fees" and prohibiting the sale of products that track derivatives, unless issued for the purposes of hedging.

If adopted, SEBI's plan would be the latest stringent action against cont

Monetary Authority of Singapore fines Credit Suisse, UOB over 1MDB-linked transactions

SINGAPORE - Singapore's central bank said on Tuesday it had fined Credit Suisse  and United Overseas Bank (UOB) a total of S$1.6 million ($1.15 million) for breaches of anti-money laundering rules for transactions related to Malaysia's scandal-ridden state fund 1MDB.

The Monetary Authority of Singapore fined UOB S$900,000 and Credit Suisse S$700,000 as it

Indian oilseeds fall to multi-year lows on supply

NEW DELHI - Indian soybean and rapeseed futures extended their losses on Monday due to low demand and ample stockpiles.

Indian soybean one-month futures fell to their lowest in over 5 years, while rapeseed futures fell to over 2-year lows.

Soybean futures closed 2.2 percent lower at 2,700 rupees ($41.84) on the National Commodities and Derivatives Exchange,

North-bound journey continues - Sharekhan

Market on May 29, 2017

The Nifty opened gap-down today but managed to recover and eventually posted a daily close above 9600. So, we continue to witness follow-through of the Bullish Wedge breakout on the hourly chart. On the daily chart, the Nifty is moving higher along with the Daily Upper Bollinger Band. In terms of the wave structure, the Nifty is

Gold firm near one-month highs as geopolitical concerns support

Gold held steady early on Tuesday as easing Asian stock markets and geopolitical concerns helped the yellow metal hover close to one-month peaks.

FUNDAMENTALS

* Spot gold rose 0.1 percent to $1,268.36 per ounce at 0105 GMT.

* U.S. gold futures were flat at $1,267.80 an ounce

* The euro came under pressure on Tuesday after a media report t

Coal India March-quarter profit falls 38 percent, misses estimates

 State-run Coal India Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.

Consolidated profit fell 38 percent to 27.16 billion rupees ($421.18 million) in the quarter ended March 31, from 43.98 billion rupees a year earlier, the company said on Monday. 

Analysts on average had estimated a consolidated profit of 38.20 billion

Nickel futures little changed on global cues

Nickel futures were little changed during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal on slackned demand ahead of the long weekend break in China, the US and Britain.

Further, industrial metal held a narrow range on Monday as Chinese markets are closed on Monday and Tuesday for the Dragon Boat festival.

Zinc futures in reverse gear

Zinc futures were trading lower during evening trade in the domestic market on Monday as investors and speculators exited their positions in the industrial metal on slackned demand ahead of the long weekend break in China, the US and Britain.

Further, industrial metal held a narrow range on Monday as Chinese markets are closed on Monday and Tuesday for the Dragon Boat festival.

Larsen & Toubro fourth-quarter profit rises 28 percent, beats estimates

Engineering giant Larsen & Toubro Ltd reported a 28 percent rise in consolidated net profit for the March quarter, beating market estimates, with the infrastructure segment generating higher revenue.

Fourth-quarter profit was 31.80 billion rupees ($493.00 million), compared with a profit of 24.82 billion rupees a year earlier, while total income from operations rose 12 percent to

Gold Spot Market Update - Kedia Commodity

Gold Spot Market Update

* Polled Premium/Discount for 995 gold in Ahmedabad 0.50 USD/troy oz on May 26, 2017.

* Sentiment remained firm got gold prices this week on the back of positive global cues as political uncertainty led investors to shun riskier assets in favour of bullion.

* Investors were watching North Korea, this weekend s Group o

29/05/2017 5:23:01 PM | Posted in Commodities Reports read full news
GST will help in evolving India as tax-compliant society: Finance Minister

The Goods and Services Tax, to be rolled out in just over a month, will not only check evasions but also help India evolve as a more tax-compliant society, Finance Minister Arun Jaitley said according to the PTI report.

"It certainly will be a more efficient tax and one of the important changes it will bring about is (that) it will not only check evasions, but also help in evolvi

Oil India fourth-quarter profit falls 96 percent on one-time charge

State-run Oil India Ltd posted a 96 percent fall in fourth-quarter profit, hurt by a one-time charge realised on the pre-discount and post-discount price of crude oil paid to a state government.

Net profit was 193.1 million rupees ($2.99 million) in the quarter ended March 31, compared with 4.70 billion rupees a year earlier, the company said on Monday. http://bit.ly/2rwSDXf

Stock Market Prediction 30th May 2017

* During the last week, we saw erosion of Rs.60,000/- in pharma stocks market cap.

* You can invest with 3 years capacity in big companies like SUNPHARMA, AURBINDO PHARMA, GLENMARK, LUPIN, DR.REDDY.

* Ganesha also advises to remain cautious in telecom companies.

* Do intraday with delivery capacity.

* Around 9.30 buy Nifty, and around 10.00 exit.

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White metal surges on safe-haven demand

Silver futures were trading marginally higher during evening trade in the domestic market on Monday as investors and speculators extended their positions in the precious metal amid surge in safe-haven demand due to geopolitical tensions.

Meanwhile, precious metal held a narrow range on Monday due to a weaker dollar, coupled with rising geopolitical tensions and also Chinese markets ar

Sensex, Nifty hit record closing highs; Reliance Communications falls

By Krishna V Kurup

 India's benchmark BSE Sensex edged higher to a record close for a third consecutive session as consumer goods stocks gained, but broader advances were capped by falls in companies that posted weak results such as Reliance Communications .

The BSE Sensex gained 0.26 percent to hit a record close of 31,109.28 points.

Meanwhile, the broade