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MARKET EYE-Adani Enterprises drops as Indonesia limits mine ownership
Shares in India's Adani Enterprises, which owns coal mines in Indonesia, fell more than 9 percent on Wednesday after Jakarta decided to limit foreign ownership in mines. . At 2:27 p.m, Adani was down 9.1 percent at 318.50 rupees. (Reporting by Abhishek Vishnoi; Editing by Ranjit Gangadharan)
Shares in India's Adani Enterprises, which owns coal mines in Indonesia, fell more than 9 percent on Wednesday after Jakarta decided to limit foreign ownership in mines. . At 2:27 p.m, Adani was down 9.1 percent at 318.50 rupees. (Reporting by Abhishek Vishnoi; Editing by Ranjit Gangadharan)
Sensex gains over 200 points as buying gathers momentum
Thanks to some strong buying at several blue chip counters, the market now remains fairly well placed in positive territory. Earlier after a fall from higher levels and a subsequent smart recovery,
Thanks to some strong buying at several blue chip counters, the market now remains fairly well placed in positive territory. Earlier after a fall from higher levels and a subsequent smart recovery,
Lower rabi crop to push up edible oil prices
India's edible oil production in the current oil year (November 2011-October 2012) is estimated to fall by 4.6 per cent against last year, raising concern of a further price rise in the retail market.
India's edible oil production in the current oil year (November 2011-October 2012) is estimated to fall by 4.6 per cent against last year, raising concern of a further price rise in the retail market.
Adani Ports denies money laundering report; shares slide
- India's Adani Ports and Special Economic Zone Ltd on Friday denied a media report that said it was being investigated for possible money laundering.
- India's Adani Ports and Special Economic Zone Ltd on Friday denied a media report that said it was being investigated for possible money laundering.
Australia's new mining law to impact acquisitions
The Australian government’s move to impose 30 per cent tax on coal mining and iron ore profits might not affect any Indian investment in that country immediately, but could have an impact on
Australia's 30% mining tax is no big deal
India is hungry for coal, primarily to fire its power plants, cement and steel factories. Given the issues impeding the growth of coal mining here, most power companies have acquired assets in
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