Need to embed IT to contain and mitigate pollution: Minister

Union Minister of Environment and Science & Technology, Harsh Vardhan has made a strong pitch for embedding Information Technology into pollution control regime to enhance transparency and efficiency in efforts to contain and mitigate pollution. Addressing the inaugural session of the 62nd Conference of Chairmen & Member Secretaries of Pollution Control Boards today, the Environment Min

Kerala government to invest Rs 50,000 cr on infra projects: Reports

The Kerala government has said that it is planning to invest about Rs 50,000 crore on infrastructure projects this year to enhance job opportunities for the youth. Commenting on the issue, state Finance Minister Thomas Issac told the media, “The proposed investment is huge for a small state like Kerala. I don't go into how we are financing. It's going to take place. It will change

Rentals easing in IT hubs on subdued sentiment

With the IT sector witnessing subdued sentiment amidst pressure on hiring and annual pay rise for employees, the country’s software and services hubs such as Bengaluru, Hyderabad, Chennai, Pune and Noida-Gurgaon in NCR are expected to see a 10-20 per cent reduction in the housing rents over the next three quarters, said an ASSOCHAM paper. Unlike in the past when the fresh inflows of young

Amazon.in launches Sixth Fulfilment Centre in Mumbai

Online retail giant Amazon.In today announced the launch of its sixth fulfilment Centre (FC) for Mumbai, and its eighth in Maharashtra, reported PTI. The new fulfilment centre is situated in Bhiwandi, and will service more than 13,000 sellers in the Mumbai metropolitan region (MMR). "Our sellers in Mumbai have grown by 70 per cent in the last year, and our seller base in Maharashtra is now

DoT to make tampering of IMEI number a punishable offence

The Department of Telecom has said that it is planning to make altering of IMEI number -- a unique 15-digit serial number of mobile devices a punishable offence with up to three years of imprisonment. As per reports, the move will help curb issues pertaining to fake IMEI numbers and also ease tracking of lost mobile phones. Commenting on the issue, a government official told the media, "It

Sebi bans Merlin Agri Projects from capital mkts

Regulator Sebi has barred Merlin Agri Projects India Ltd and its directors from the capital markets for not complying with public issue norms. A probe by Sebi found that the company had allotted redeemable preference shares worth about Rs 51 lakh to 56 persons between 2011 and 2013. Since these securities were issued to more than 50 investors, this qualified as a public issue, which requires co

Sebi bans Merlin Agri Projects from capital mkts

Regulator Sebi has barred Merlin Agri Projects India Ltd and its directors from the capital markets for not complying with public issue norms. A probe by Sebi found that the company had allotted redeemable preference shares worth about Rs 51 lakh to 56 persons between 2011 and 2013. Since these securities were issued to more than 50 investors, this qualified as a public issue, which requires co

25 ministries to turn into e-office by end of June, says MoS

The Union Minister of State for Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Jitendra Singh said that 25 ministries will be turned into e-office by the end of this month. “There has been an increase of a whopping 6000 per cent, in the number of e-files with 4,62,000 e-files generated in 2017, compared to 8,000

Stock Market Prediction 28th June 2017

* This is a very strange day, as the Moon and Rahu are together. You shall remain confused and may not understand whether the market will go up or down. Finally, you may lose your money.

* From opening to 12.30 the market pattern will be very uneven, i.e. totally unsteady. Hence, doing Intraday shall be the only alternative.

* Between 12.30 to 14.30 Nifty will go up, step by

Evening Update For 27th June 2017 - Angel Commodities

News and Analysis

*  Markets to watch for Janet Yellen speech tonight.

* LME Copper inventories continue to decline consistently

* Consumer confidence from US will be a close watch tonight

European markets are trading lower today, Asian markets ended mixed and the US stocks futures are trading in red Gold prices

27/06/2017 5:35:31 PM | Posted in Commodities Reports read full news
White metal shines ahead of Yellen's speech

Silver futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the precious metal on safe-haven appeal as the greenback softened ahead of the Federal Reserve Chair Janet Yellen's speech later in the day for clues on the outlook for US monetary policy.

Further, investors are expecting comments fro

Copper futures edge up on global cues

Copper futures were trading higher during afternoon trade in the domestic market on Tuesday as investors and speculators extended their positions in the industrial metal as the greenback softened ahead of the US Fed Chair Janet Yellen's speech later in the day for clues on the outlook for US monetary policy.

Further, investors are expecting comments from the US Federal Reserve Cha

Hong Kong wealth gap at its widest in decades as handover anniversary nears

By Pak Yiu and Stefanie McIntyre

HONG KONG  - As Hong Kong marks 20 years since the former British colony was handed back to China, vegetable seller Lau Mei-tin is in no mood to celebrate.

Soaring property prices have pushed up rents and had a knock-on effect as businesses raise prices on goods and services, forcing people like Lau to find extra work.

Sell USDINR JULY ON BOUNCE NEAR TO 65.00 WITH SL ABV 65.60 TGT 64.42-63.90 - Kedia Commodity

Rupee for june month moved in range of 64.84-64.30, today settled down at 64.48 appreciating nearly by +0.36% justlying the historical gains for June months while rupee looks continue to trade in a narrow range ahead of GST implementation next week. Also, monsoon progress remains in focus amid expectations of normal rainfall. We suggest going short in July USDINR future near 64.85 for target at

Interview: Vitol's Taylor sees Brent oil trading at $40-$55 as U.S. output rises

By Julia Payne and Dmitry Zhdannikov

LONDON  - Ian Taylor, head of the world's largest independent oil trader Vitol, says Brent crude prices will stay in a range of $40-$55 a barrel for the next few quarters as higher U.S. production slows a rebalancing of the market.

"Everybody was positioned for a market rebalancing and a stocks draw to happe

Nifty 50 ended with a loss of 55.05 points or 0.57% at 9574.95 - GEPL

Observations:

1. As on 23.6.2017, the long term moving averages stand as below: 50 DMA @ 9452, 100 DMA @ 9209, 200 DMA @ 8814. The NIFTY now trades above all the three averages, and each of the 3 averages are equi-spaced.

2. On the Index Futures side, both the FIIs as well as RETAIL seem to maintain the fine balance with the Index futures HOL

Bank of England tightens credit rules for banks after Brexit resilience

By David Milliken and Huw Jones

LONDON - The Bank of England tightened its controls on lending on Tuesday and said it was likely to make British banks hold an extra 11.4 billion pounds ($14.5 billion) of capital as it decided the risk of a big hit to the economy from the Brexit vote had passed.

After the referendum decision to leave the European Union a

ECB's Draghi opens door to policy tweak as economy recovers

By Balazs Koranyi and Francesco Canepa

SINTRA, Portugal - European Central Bank President Mario Draghi opened the door to tweaks in the bank's aggressive stimulus policy on Tuesday, fuelling market expectations that the ECB will announce a reduction of stimulus as soon as September.

But any change in the bank's stance, which inc

Germany plans new emissions testing body after Volkswagen scandal

By Markus Wacket

BERLIN - Germany will set up a new organisation to test vehicle emissions to try to restore consumer confidence after Volkswagen's emissions scandal revealed an industry-wide pollution problem, the transport ministry said on Tuesday.

The ministry said the new institute would involve consumer organisations, local governments and environmental groups, as w

EU fines Google record $2.7 billion in first antitrust case

By Foo Yun Chee

BRUSSELS - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones.

It is the biggest fine the EU has ever imposed on a single company in an antitrust case, exceedi

Analysis: The mysterious (and continuing) fall in Saudi foreign reserves

By Andrew Torchia

RIYADH  - Net foreign assets at Saudi Arabia's central bank, a measure of its ability to support its currency, look set to fall sharply this year as oil prices slump and Riyadh expands its sovereign wealth fund to invest abroad.

They shrank from a record high of $737 billion in August 2014 to $529 billion at the end of 2016 as the

In Amazon's shadow, hedge funds take aim at Brexit-hit retailers

By Alasdair Pal

LONDON - Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits.

The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year

Wind power`s big bet: turbines taller than skyscrapers

COPENHAGEN/FRANKFURT  - Wind farm operators are betting on a new generation of colossal turbines, which will dwarf many skyscrapers, as they seek to remain profitable after European countries phase out subsidies that have defined the green industry since the 1990s.

The world's three leading offshore wind operators - DONG Energy, EnBW and Vattenfall - all told

UK retail sales recover from fall, but July seen tough - CBI

LONDON - British shops had a better June than economists expected but retailers are their most downbeat about the month ahead since September last year, a survey showed on Tuesday, underscoring how cautious shoppers remain as inflation rises.

The Confederation of British Industry said its monthly retail sales balance rose to +12 in June, stronger than a median fo