The Hindu Business Line : Thursday, February 01, 2007

Fertiliser PSUs may raise retirement age
The Department of Fertilisers will place a proposal to increase the retirement age of employees in public sector fertiliser units before the Union Cabinet on Thursday. The proposal will, however, be limited to the four ... More

RUBBER
Global trend keeps spot rubber firm
A tyre major bought sheet rubber at the prevailing levels. More

GOLD & SILVER
Benchmark AMC launches Gold Exchange Traded Fund
Benchmark Asset Management Company launched India's first gold exchange traded fund, `Gold BeES.' The primary investment objective of Gold Benchmark Exchange Traded Scheme (Gold BeES) will be to provide returns that, before expenses, closely ... More

Tata Mutual files for gold fund
Tata Mutual Fund has filed its offer document for Tata Gold Fund with the Securities and Exchange Board of India. The open-ended exchange traded fund will track the domestic price of gold through investments in physical gold and will be listed ... More

DAIRY & DAIRY PRODUCTS
Milk prices hiked in TN
Rising fodder cost and medical expense cited as reason More

COTTON
Cotton futures soar on US demand
Kapas (cotton) and kapaskhali futures on the MCX gained 1.94 per cent and 1.84 per cent to Rs 408 a quintal and Rs 325 respectively on the back of a demand-production mismatch in US. The US production is estimated at 114.9 million bales against ... More

SPICES & CONDIMENTS
Pepper futures up on reports of poor crop
Imports may be necessary to meet domestic demand More

Quality evaluation lab for chillies
The Spices Board will set up a quality evaluation laboratory of international standard at Guntur in Andhra Pradesh. This is aimed at taking care of the quality requirements for chillies in that State, which contributes 60 per cent of the ... More

COMMODITY MARKETS
Commodity exchanges told to ensure uniform vendor registration policy
MCX withdraws payment of guarantee for empanelment More

No immediate impact on global steel prices seen
Tata Steel's takeover of Anglo-Dutch steelmaker Corus group is unlikely to have any significant immediate impact on global steel prices. However, the deal will give the Tatas access to new market segments and new products even as consolidation ... More

OUTLOOK
Strong upward trend seen in commodities
Tactical positioning by non-commercial market participants in several major commodity markets during the early weeks of 2007 has been dominated by the shorting of systems-based technical traders. High and volatile price levels and concerns ... More

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