Mmtc

The Enforcement Directorate (ED) on Saturday said it has attached assets worth over Rs 363 crore of a jewellery firm in a money laundering case linked to an alleged fraud against public sector enterprise MMTC.

Among major gainers were IL&FS Transportation Networks, IOC, Jubilant Life Sciences, MMTC and MOIL, taking the total number of companies to have touched their one year peak to 192.

The government is planning to sell 15 per cent stake in state-run trading firm MMTC in the current fiscal, chairman and managing director Ved Prakash said.

The Indian Gold Coins are of 24 karat purity, 999 fineness and has the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in currency notes on the other.

State-owned trading firm MMTC to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in lots of five kg bars.

The rally in these companies comes in the wake of two state-run companies NMDC and MOIL recently announcing buyback offers. S

Investors who had bought gold on Akshaya Tritiya last year are sitting on around 10 per cent gains. Gold prices were hovering at around Rs 27,000 levels per 10 grams on Akshaya Tritiya last year, which fell on April 21, 2015.

Ahead of Akshaya Tritiya festival, gold and silver refiner MMTC Pamp on Friday launched new gold coin 'Tola' of 11.6639 grams and said it would mint 0.5 million pieces of these coins in the current fiscal.

Gold imports fell sharply by 67.33 per cent to 19.6 tonnes in April 2016 as jewellers' strike opposing one per cent excise duty on non-silver jewellery significantly hit demand for the metal, according to gold and silver refiner MMTC Pamp.

The Reserve Bank of India on Thursday permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by MMTC through their branches.

State-owned trading firm MMTC on Wednesday said it has sold a 10 per cent stake in Indian Commodity Exchange (ICEX) for Rs 20 crore.

The state-owned MMTC has suffered a loss of Rs 8.03 crore on import of onions, which will be borne out of the price stabilisation fund, Parliament was informed on Monday.

Presently, it is retailing 'Indian Gold' coins through 22 outlets.

State-owned trading firm MMTC Ltd said it will invest about Rs 6,000 crore to double the capacity of Neelachal Ispat Nigam Ltd (NINL) in the next four years.

State-run trading firm MMTC on Friday reported a net profit of Rs 43.84 crore for the fiscal second quarter that ended on September 30, 2015.

The Enforcement Directorate (ED) on Saturday said it has attached assets worth over Rs 363 crore of a jewellery firm in a money laundering case linked to an alleged fraud against public sector enterprise MMTC.

Among major gainers were IL&FS Transportation Networks, IOC, Jubilant Life Sciences, MMTC and MOIL, taking the total number of companies to have touched their one year peak to 192.

The government is planning to sell 15 per cent stake in state-run trading firm MMTC in the current fiscal, chairman and managing director Ved Prakash said.

The Indian Gold Coins are of 24 karat purity, 999 fineness and has the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi as in currency notes on the other.

State-owned trading firm MMTC to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in lots of five kg bars.

The rally in these companies comes in the wake of two state-run companies NMDC and MOIL recently announcing buyback offers. S

Investors who had bought gold on Akshaya Tritiya last year are sitting on around 10 per cent gains. Gold prices were hovering at around Rs 27,000 levels per 10 grams on Akshaya Tritiya last year, which fell on April 21, 2015.

Ahead of Akshaya Tritiya festival, gold and silver refiner MMTC Pamp on Friday launched new gold coin 'Tola' of 11.6639 grams and said it would mint 0.5 million pieces of these coins in the current fiscal.

Gold imports fell sharply by 67.33 per cent to 19.6 tonnes in April 2016 as jewellers' strike opposing one per cent excise duty on non-silver jewellery significantly hit demand for the metal, according to gold and silver refiner MMTC Pamp.

The Reserve Bank of India on Thursday permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by MMTC through their branches.

State-owned trading firm MMTC on Wednesday said it has sold a 10 per cent stake in Indian Commodity Exchange (ICEX) for Rs 20 crore.

The state-owned MMTC has suffered a loss of Rs 8.03 crore on import of onions, which will be borne out of the price stabilisation fund, Parliament was informed on Monday.

Presently, it is retailing 'Indian Gold' coins through 22 outlets.

State-owned trading firm MMTC Ltd said it will invest about Rs 6,000 crore to double the capacity of Neelachal Ispat Nigam Ltd (NINL) in the next four years.

State-run trading firm MMTC on Friday reported a net profit of Rs 43.84 crore for the fiscal second quarter that ended on September 30, 2015.