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Exports
to cut rubber stocks by 50,000 tn
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A continued slump in both prices
and the market, a steady production leading to excessive holdover
stock and the threat of cheap imports have landed the rubber
sector in a miserable situation. Under the WTO regime where
quantitative restrictions (QRs) have been lifted from April
1, the industry is trapped in a tricky situation. |
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Platinum
Guild ties up with top jewellers to market branded jewellery
in India |
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BARELY one year of its presence
in India and studying the huge Rs 40,000 cr Indian jewellery
market for over two years, The Platinum Guild India, the Indian
arm of Platinum Guild International, is now all set to make
inroads in the estimated Rs 500-crore branded jewellery market
here. |
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US
firms oppose supporting weaker allies
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IN
a letter to the US Administration, the US mini mills have recommended
changes in the country’s bankruptcy laws. They feel that the
current laws favour inefficient units. Then they have opposed
the federal loan guarantee scheme that has so far helped the
integrated mills. |
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Bullion
shines; oilseeds slip
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Both
the precious metals continued its uptrend on the bullion market
here during last week, dealers said on Friday.
Gold standard moved up from Rs 4,480 to Rs 4,500 per 10 gm.
Prices of gold biscuit (116.50 gm.) rose by Rs 50 at Rs 52,600
per piece during the week. |
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