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Scrap sales up 30% on profit-taking
The sales of used gold, known as scrap gold in commodity parlance, shot up 25-30 per cent on Wednesday as retail investors rushed to cash in on high prices before a correction, which analysts forecast as imminent.

Gold sets new record above Rs 16K levels
Gold and silver sparkled and logged an all-time peak in Mumbai"s Zaveri Bazar on Wednesday on heavy stockists buying and firm global guidance.

News of the day

Centre to set up model markets for perishables: Minister
The Central government would set up "model" markets in every state for preserving perishable commodities such as vegetables and fish to help farmers get better remunerative prices, Minister of State for Agriculture K V Thomas said today.
Small Business

CPCL Q3 net at Rs 220 cr

Chennai Petroleum Corporation (CPCL) today posted a net profit of Rs 220.36 crore for the third quarter ended December 31, 2009. - IOC Q3 profit plunges 76% to Rs 697 cr - NTPC Q3 net up 5% to Rs 2,365 cr - Apollo Tyres Q3 net zooms over 18 times on topline growth - Great Eastern Shipping Q3 net dips 68% to Rs 94 cr - BEML Q3 net dips 21% to Rs 46 cr - GMR Infra Q3 PAT plunges 85% to Rs 9 cr The company had a net loss of Rs 1,269.89 crore in the same period corresponding fiscal, CPCL said in a filing to the Bombay Stock Exchange (BSE). Net sales of the company rose to Rs 6,849.84 crore against Rs 5,617.45 crore for the same period corresponding fiscal. Shares of CPCL were trading at Rs 235.40 on BSE, up 2.86 per cent from its previous close.


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