Gold smuggling on the rise as high prices boost appeal in India
Gold in India touched a record high of 39,885 rupees ($563) per 10 grams in early September.
Buy Ashok Leyland, price target Rs 84: Nirav Chheda
The analyst suggested a stoploss at Rs 75.
Buy Tata Global Beverages, target Rs 332: CK Narayan
Buy Tata Global Beverages Ltd. at a price target of Rs 332.0 and a stoploss at Rs 318 fr...
Buy Bharat Forge, target Rs 463: CK Narayan
Buy Bharat Forge Ltd. at a price target of Rs 463.0 and a stoploss at Rs 448 from entry point.
Buy Steel Authority of India, target Rs 46: Kunal Bothra
Buy Steel Authority of India (SAIL) Ltd. at a price target of Rs 46.0 and a stoploss at Rs 36 from entry point.
Buy Lupin, price target Rs 785: Shrikant Chouhan
The analyst suggested a stoploss at Rs 730
Buy Siemens, price target Rs 1,560: Shrikant Chouhan
The analyst suggested a stoploss at Rs 1455
Reduction of handset export incentives to 2 per cent will lead to massive job losses: ICEA
ICEA said discussions have been going around between the industry and the government for the past three months to replace the Merchandise Exports from India Scheme with a WTO-compliant scheme but the Director General of Foreign Trade surprisingly notified downward revision of the export incentive.
Airtel, Jio roll out higher incentives for retailers
The fresh bout of competitiveness comes soon after Vodafone Idea and Bharti Airtel — battling high debt, widening losses and facing over Rs 89,000 crore in new statutory dues — raised rates by up to 40% on December 3. Jio raised tariffs on December 6 but said its rates were still as much as 25% cheaper than those of its rivals.
Gold falls after Trump says close to trade deal
Spot gold dropped 0.5% to $1,467.04 per ounce as of 10:17 a.m. ET (1517 GMT). Prices hit their highest since Nov. 7 at $1,486.80 earlier in the session.
Secretaries group suggests reduced manmade fibre imports, changes in duty to boost local production: Smrit Irani
Citing the decision of the GST Council to allow input tax credit at MMF fabric stage, she said the committee had recommended the ministry to monitor the impact of increasing import duty from 10% to 20% in respect of all MMF items. The group had suggested that there is a need to reduce the dependence of import of the raw material, MMF and filament.
Delay in harvest likely to brew trouble for coffee crop output
Unseasonal rain in Karnataka, the biggest coffee producing state in the country, has hindered arabica coffee harvest, which normally starts by the end of November.
Buy Tata Global Beverages, price target Rs 324: Kunal Bothra
The analyst suggested a stoploss at Rs 308.
Buy Century Textiles & Industries, price target Rs 508: CK Narayan
The analyst suggested a stoploss at Rs 488
Buy Bajaj Auto, price target Rs 3,420: Kunal Bothra
The analyst suggested a stoploss at Rs 3200.
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