Search Results for: Steel imports

Budget hopes: Jewellers in Surat seek import duty cut on gold

Surat, Feb 25 (ANI): With the Narendra Modi government all set to present its first full-fledged budget, jewellers in Surat pin their hopes on Finance Minister Arun Jaitley to cut down the import duty on gold. The present 10 per cent import duty on gold was set in 2013 by the previous Congress party-led government as part of efforts to cut the current account deficit. Jaitley will on February 28 present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years. A jeweller, Milan Shah, said on Tuesday that the high import duty was discouraging NRIs to buy jewellery from India. Gold is a popular gift at weddings in India and is also bought for auspicious occasions and hence reducing the import duties is the only way to revive the declining imports. Feb 25, 2015
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BSE closes points 29.55 up on Feb 24

New Delhi, Feb 24 (ANI): Trading at the Bombay Stock Exchange today closed 29.55 points up to stand at 29,004.66. At the National Stock Exchange the Nifty closed 7.15 points up to stand at 8,761.25. RELIGARE and KSCL were among the top gainers of Group A with an increase of 6.09% and 5.91% along with PMCFIN and ADANI ENTERPRISES LTD with an increase of 4.94% and 4.85% respectively, while the top losers of Group A include TVSMOTOR and PIPAVAVDOC with a decrease of 6.95% and 5.54% along with JINDAL STEEL and ALSTOM T&D INDIA LTD. with a decrease of 5.16% and 4.50% at the close of the markets. The Auto sector is down 43.46 points at 19,653.53 while the banking sector is down 22.37 points at 21,639.66 and the reality sector is up at 9.77 points at 1,751.60. The Indian currency is up 0.03 % at Rs 62.30 per dollar. Feb 24, 2015
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BSE closes points 142.01 up on Feb 19

New Delhi, Feb 19 (ANI): Trading at the Bombay Stock Exchange today closed 142.01 points up to stand at 29,462.27. At the National Stock Exchange the Nifty closed 26.20 points up to stand at 8,895.30. JINDAL STEEL and FSL were among the top gainers of Group A with an increase of 28.59% and 8.04% along with HIND COPPER and ADANI POWER with an increase of 8.00% and 7.98% respectively, while the top losers of Group A include SUZLON and WELCORP with a decrease of 6.72% and 5.79% along with SKF INDIA and AURO PHARMA with a decrease of 4.98% and 4.58% at the close of the markets. The Auto sector is up 6.70 points at 19,855.74 while the banking sector is down 110.30 points at 21,978.47 and the reality sector is up at 17.09 points at 1,748.04. The Indian currency is up 0.03% at Rs 62.34 per dollar. Feb 19, 2015
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