Chetan Kumar Mehta Propels Laxmi Diamonds to the Top
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Platinum is Set to Become the Metal of Choice: Sujala Martis
Should Airlines Ban Carrying Gold in Hand?
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
Silver Leads the Recovery: Bearish Move Shows First Signs of Exhaustion
Macro Snapshot: The week ending May 1 was dominated by Powell’s final FOMC meeting on April 28-29, which delivered the headline outcome markets expected — a hold at 3.50-3.75% — but with a far more contentious internal split than anticipated. The committee voted 8-4 to hold (some sources reported 11-1, but the dissent count of four is firmer), with Stephen Miran preferring an immediate quarter-point cut and three others — Hammack, Kashkari, Logan — supporting the hold but opposing the
Top News
Lucapa Values Mothae Resources at $1,063/ct.
Perth: The Mothae mining project in Lesotho contains mineral resources worth an estimated $1,063 per carat, according to Lucapa Diamond Company, which recently acquired the asset. Mothae holds 1.04 million carats of diamond resources, with a grade of 2.7 carats per 100 tonnes of ore, the miner said on Friday. The figures resulted from an independent estimate carried out by
GJEPC Hosts India Pavilion at BaselWorld 2017
Mumbai: A contingent of 15 leading Indian manufacturers of loose gemstones and jewellery is participating in the India Pavilion at BaselWorld 2017. The show, which opened yesterday and is expected to attract over 150,000 visitors/buyers from across the globe, runs till March 30, 2017. The India Pavilion, which covers nearly 200 sq m, includes leading players from different centres including
India Removes Tax on Cash Purchase above Rs. 2 lakh
New Delhi: Indian government has done away with the 1 per cent tax on cash payments of over Rs, 2 lakh for purchase of any goods or service after it banned cash dealings above that limit from April 1. Finance Minister Arun Jaitley, in his Budget for 2016-17, had provided for the seller to collect tax at the rate of
Dominion Diamond Rejects $1.1B Takeover Bid
Toronto: Canada-based diamond miner Dominion Diamond Corp has knocked back a $US1.1B, $13.50-a-share take-over bid from The Washington Companies, a diverse, privately-held Missoula, Montana, US-based group of privately held North American mining, industrial and transportation businesses, Reuters reported. Dominion has confirmed its board considered Washington’s unsolicited offer, but that the terms of the proposed talks were unusual and unacceptable. They
Lucapa Values Mothae Resources at $1,063/ct.
Perth: The Mothae mining project in Lesotho contains mineral resources worth an estimated $1,063 per carat, according to Lucapa Diamond Company, which recently acquired the asset. Mothae holds 1.04 million carats of diamond resources, with a grade of 2.7 carats per 100 tonnes of ore, the miner said on Friday. The figures resulted from an independent estimate carried out by
GJEPC Hosts India Pavilion at BaselWorld 2017
Mumbai: A contingent of 15 leading Indian manufacturers of loose gemstones and jewellery is participating in the India Pavilion at BaselWorld 2017. The show, which opened yesterday and is expected to attract over 150,000 visitors/buyers from across the globe, runs till March 30, 2017. The India Pavilion, which covers nearly 200 sq m, includes leading players from different centres including
India Removes Tax on Cash Purchase above Rs. 2 lakh
New Delhi: Indian government has done away with the 1 per cent tax on cash payments of over Rs, 2 lakh for purchase of any goods or service after it banned cash dealings above that limit from April 1. Finance Minister Arun Jaitley, in his Budget for 2016-17, had provided for the seller to collect tax at the rate of
Dominion Diamond Rejects $1.1B Takeover Bid
Toronto: Canada-based diamond miner Dominion Diamond Corp has knocked back a $US1.1B, $13.50-a-share take-over bid from The Washington Companies, a diverse, privately-held Missoula, Montana, US-based group of privately held North American mining, industrial and transportation businesses, Reuters reported. Dominion has confirmed its board considered Washington’s unsolicited offer, but that the terms of the proposed talks were unusual and unacceptable. They
