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South Korean carmaker Ssangyong Motor Co could set up a manufacturing plant in its biggest global market China if sales there rise to 50,000 vehicles a year, the brand's sole China agent Pang Da Automobile Trade Co Ltd said. Ssangyong, which is majority owned by Indian automaker Mahindra & Mahindra, expects to sell 50,000 vehicles in China a year by 2017 at the earliest, Pang Da, one of China's ...
Hong Kong's benchmark index failed to hold onto midday gains on Monday, hurt by a weaker gambling sector after data showed Macau casino revenue declined for the third straight month in August. The Hang Seng Index closed barely changed at 24,752.09 points. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong also ended flat. Macau casinos extended losses in the afternoon, ...
The All India Gems and Jewellery Trade Federation launched 'Labham', a one-day educational programme, for jewellers in Hyderabad on Sunday. "It is aimed at providing information and educating jewellers on topics like finance and banking, taxation and accounting, regulatory compliance framework, and operations management," GV Sreedhar, regional chairman (Karnataka, AP and Telangana), told mediaper ...

Gold imports on the rise

2014-09-01 03:45:00

Gold prices have been range-bound in recent weeks but traders have turned optimistic, as the festive season has begun. This is already getting reflected in imports. Inching up of premiums for physical delivery of gold suggest demand is returning. A fortnight earlier, the premiums were marginal and, on some occasions, there was a discount to the landed cost of imports. In the past few days, premiums ...
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