Day: June 17, 2022

To rein in pvt retailers, govt expands USO to remote petrol pumps

In a bid to rein in private fuel retailers curtailing operations to cut losses, the government has expanded the scope of Universal Service Obligation (USO), mandating licensed entities to maintain petrol and diesel sales at all petrol pumps, including in remote areas, for specified working hours. “The government has now expanded the horizon of USO …

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It’s not all doom and gloom! Shankar Sharma on where to look for hidden gems in this market

“India is not heading for a recession but we are heading for a slowdown. I think we should accept it as part of a global macro problem, rather than anything extremely problematic with India. We must accept that there will be a moderation in growth,” says Shankar Sharma, Market Veteran Are we in for a …

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The yellow zone is not safe! Why gold is falling out of favour as a safe-haven

New Delhi: Amid the rising inflation, the best hedge against inflation is running out of favour. Gold is not the first choice for investors to make or save their fortunes in these tough times. The rising bond yields and stronger dollars are denting the yellow bullion’s appeal as investors will have to pay more for …

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CIL to ramp up underground mining operations, focus on green mining options

In a bid to minimise adverse environmental impact, Coal India (CIL) is looking to undertake several measures, including ramping up of underground mining operations and focusing on green mining options by leveraging a slew of eco-friendly technologies in its underground (UG) and opencast (OC) mines. The country’s largest miner is looking to ramp up UG …

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Indian discounts narrow, Covid-19 curbs keep leash on China demand

By Rajendra Jadhav and Eileen Soreng (Reuters) – Discounts on physical gold in India narrowed this week, helped by some fresh buying from jewellers, while COVID-19 restrictions kept activity tepid in top consumer China. Indian dealers offered discounts of around $6 an ounce over official domestic prices – inclusive of …

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Sensex falls! But these stocks gained over 10% on BSE

NEW DELHI: A number of stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, ended in the red on Friday. These high-performing stocks that rallied more than 10% during the session included, Arihant Superst(14.45%), Prism Medico(14.38%), Delta Corp(12.42%), Regency Investments(12.33%), Addi Industries(12.33%), Anjani Finance(12.27%), Supra Pacific Manage(11.94%), …

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