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Central Government To Use India Post For Pulses Distribution

2016-10-15 freepressjournal.in
New Delhi : The Central Government has decided to use the postal network for distribution of subsidised pulses and release more channa from buffer stock to ensure availability of these commodities at reasonable prices during the ongoing festival season.

Top 3 Trade Alert Ideas September 25: Exelixis's Cobimetinib, Merck For Dividends, Progenics Catalysts

2016-09-17 seekingalpha
Exelixis announced on Friday that the European CHMP has adopted a positive opinion for cobimetinib in combination with vemurafenib for the treatment of advanced melanoma. Cobi is a selective MEK inhibitor and received its first regulatory approval recently. Cobi, in combination with vemurafenib, has been approved by Swiss regulators for the treatment of patients with advanced melanoma. The drug is likely to get a nod from the U.

MMTC to auction gold collected under monetisation scheme

2016-07-07 freepressjournal.in
New Delhi : State-owned trading firm MMTC to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in a lots of five kg bars. The scheme, which was announced in the Budget 2015-16, was launched on November 5, and a total of 2.8 tonnes of gold have so far been collected from 105 depositors, Finance Ministry had informed Parliament in May. The proposal to auction gold was discussed in a meeting recently by commerce and finance ministries, sources said, reports  PTI.

Pulses MMTC Invites bids to import 5,000 tonnes pulses

2016-06-12 financialexpress
State-run MMTC is looking to import 5,000 tonnes of pulses to keep the domestic prices under control by increasing the availability of lentils.

Indian Overseas Bank starts distribution of India Gold Coins

2016-03-25 financialexpress
State-owned Indian Overseas Bank (IOB) has become the first lender to start distribution of recently launched Indian Gold Coins (IGC).

FY16 PAT to be higher by 25% YoY: MMTC

2016-03-23 moneycontrol
Ved Prakash, CMD of MMTC says the company is likely to post a higher operating profit in the fourth quarter and FY16 PAT will be higher by 25 percent year-on-year

IOB to sell Indian Gold Coin

2016-03-18 thehindubusinessline
Indian Overseas Bank (IOB) has become the first bank to commence sale of Indian Gold Coin (IGC) in the domestic market.

MMTC announces cessation of director

2016-03-17 indiainfoline
We encourage visitors to register on IIFL. Registering on the site is absolutely Free and offers you the following benefits.

65 lakh tonnes of pulses need to be imported this year, saysPaswan

2016-03-16 freepressjournal.in
New Delhi :  India needs to import 65 lakh tonnes of pulses this year to meet the domestic shortfall, Food Minister Ram Vilas Paswan said today and assured that the government will not allow prices to rise in any circumstances.

Neelachal Ispat to hike pig iron prices as iron ore rates head north

2016-03-09 business-standard
MMTC promoted Neelachal Ispat Nigam Ltd (NINL) is readying to hike prices of pig iron in the range of Rs 300-500 a tonne on the back of a record spike in global iron ore prices by 17 per cent.NINL, where MMTC holds 49.9 per cent stake, is the

Government seeks to raise Rs5,000 crore from 5% stake sale in NTPC

2016-02-22 livemint
The government has set a floor price of `122 per share for the sale that will help raise a little more than `5,000 crore

Govt may hike PSF fund by 80% to Rs 900 cr in Budget

2016-02-21 moneycontrol
Budget for 2016-17 in a bid to protect consumers from price rise in essential food items. The PSF, announced in the previous Budget with a corpus of Rs 500 crore, was initially being handled by the Agriculture Ministry. It used funds to intervene in the market to boost supply of onion and pulses to check price rise..

Union Budget 2016: Govt may hike price stabilisation fund by 80 pct to Rs 900 crore

2016-02-21 financialexpress
Union Budget 2016: Government is likely to increase the allocation for the Price Stabilisation Fund (PSF) by 80 per cent to Rs 900 crore in the Budget for 2016-17 in a bid to protect consumers from price rise in essential food items.

Govt may hike PSF fund by 80% to Rs 900 cr in Budget

2016-02-21 business-standard
Fund would continue to be used for importing pulses as output expected to be lower at 17.33 mn tonnes

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Stocks in news: BoB, BPCL, IDBI, Future Retail, Dr Lal, Clariant

2016-02-15 moneycontrol
Larsen and Toubro | Infosys | Bank of Baroda | IOC | HPCL | BPCL | IDBI Bank | Nestle India | Parsvnath Developers | Future Retail | Punj Lloyd | UCO Bank | Alok Industries | Oil India | McNally Bharat | Dr Lal Pathlabs | NMDC | Puravankara | Clariant Chemicals | Dhanlaxmi Bank | Corporation Bank and Sun TV are stocks, which are in the news today...

MMTC reports standalone net profit of Rs 19.14 crore in the December 2015 quarter

2016-02-13 indiainfoline
Sales decline 35.40% to Rs 3579.96 crore

MMTC Q3 net profit at Rs. 191.40 mn

2016-02-12 indiainfoline
Total Income has decreased from Rs. 55733.20 mn for the quarter ended December 31, 2014 to Rs. 36554.40 mn for the quarter ended December 31, 2015.

Agencies buy 35k-tonne pulses for buffer stock

2016-02-11 financialexpress
The government has purchased more than 35,000 tonne of pulses — tur and urad — in the ongoing kharif marketing season so far.

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Offer for Engineers India sale fully subscribed

2016-01-29 livemint
The retail investor category witnessed subscription of 391.9%, or 3.9 times while the institutional investor category was subscribed 219.6% or 2.1 times

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Government to divest 10% holdings from Engineers India

2016-01-27 livemint
Engineers India will be the fifth divestment offer from the government, which so far has managed to raise around `12,642 crore

MMTC offers Indian gold coins for sale

2016-01-25 thehindubusinessline
MMTC Limited is organising an exhibition cum sale of Indian gold coins on the occasion

Gold monetisation acquires new polish

2016-01-24 thehindubusinessline
Those who have not opted to participate in the Centre’s gold monetisation scheme (GMS) so far, and have gold idling in their bank lockers, may like to consider it now. The Reserve Bank of India on Thursday announced a

Banking Newsletter – January 18 to 22, 2016

2016-01-22 indiainfoline
MMTC has clarified to the Reserve Bank that the gold used for the IGC will be only that mobilized domestically under the existing Gold Deposit Scheme (GDS) and Gold Monetization Scheme (GMS).

RBI allows banks to sell India Gold Coins

2016-01-22 indiainfoline
MMTC has clarified to the Reserve Bank that the gold used for the IGC will be only that mobilized domestically under the existing Gold Deposit Scheme (GDS) and Gold Monetization Scheme (GMS).

Banks get nod to sell India Gold Coins

2016-01-21 freepressjournal.in
Mumbai: The Reserve Bank permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by MMTC through their branches. It has been decided to allow designated banks to sell the IGCs manufactured by MMTC, RBI said in a notification.

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