Gold to shine further on global risk factors -:- Equity Research

Gold prices are likely to stay firm in the range of Rs 30,500-Rs 33,500 per 10 grams in the backdrop of global political and financial risks, says a study by industry body Assocham. The prices are currently ruling at Rs 31,000-31,500 (24 carat purity) in major Indian cities, even as festive demand seems to be picking up, it said. In the backdrop of continuous global political and financial risks coupled with revival in demand in the domestic market,...

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Deutsche Bank's Asia Pacific wealth mgmt head joining UBS-:- Equity Research

Deutsche Bank's Asia Pacific wealth management head Ravi Raju is leaving to join UBS, a source with direct knowledge of the move told Reuters on Tuesday, the latest senior departure from the bank in the region. The German bank later confirmed Raju's exit in a statement, adding its head of wealth management in North Asia Lok Yim would succeed him with immediate effect. It said Raju was leaving to pursue external opportunities, but gave no further...

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IIP falls 0.7% in Aug, but hope floats on festival, rain & hikes -:- Equity Research

India’s factory output fell (-)0.7 percent in August, the second successive monthly decline, but revival hopes floated on festive season sales, pay hike for government employees and greater rural spending on the back of good summer rains. Data released on Monday showed factory output growth has recovered marginally from an eight-month low of 2.4 percent in July, but only just, suggesting uneven recovery in the broader economy. The `manufacturing’...

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Ashok Leyland to set up Rs 500 crore unit in Telangana -:- Equity Research

Commercial vehicle maker Ashok Leyland today entered into an agreement with the Telangana government for setting up a 'body building unit' in the state with an investment of Rs 500 crore. The unit, to be established in phases with an investment of Rs 500 crore, would provide employment to 1,000 people directly and hundreds of others indirectly, a release from the Chief Minister's Office said. An MoU to this effect was exchanged by Chief...

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Encounter in EDI building in Pampore-:- Equity Research

A soldier was today injured in the exchange of fire between security forces and militants holed up inside a government building in Pampore area of Kashmir which had witnessed a suicide attack in February this year. Two to three militants are believed to have entered into the building of Entrepreneurship Development Institute (EDI) in the wee hours today. "One soldier has been injured in the exchange of fire with militants holed up inside...

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PNB makes home, auto loans attractive for govt staff-:- Equity Research

To cash in on the 7th Pay Commission payout to government employees, state-owned Punjab National Bank (PNB) is offering them home and auto loans at attractive rates of 9.3-9.8 per cent beginning this month. Besides, the bank said it will offer loans to these segments without any processing or upfront fee and no documentation charges will be levied on them. The rate of interest is with effect from October 1, 2016. The Delhi-based state lender said...

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Govt issues demand notes to 7 telcos for spectrum purchase-:- Equity Research

Government today issued demand notes to seven telecom operators to make payment in 10 days for the spectrum they bought in the just-concluded auction. In the five-day spectrum auction that concluded last week, seven telecom companies made commitments of Rs 65,789 crore for buying 964.80 MHz of spectrum in various frequency bands. "The demand note for payment has been issued to all successful bidders via email today evening," sources told PTI. As...

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