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Montek for further opening up of financial sector
Ahead of the Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the country should further liberalise its financial sector to play a bigger role on the global landscape.

BSNL, MTNL not serious about Zain, says govt
State-run telecom majors BSNL and MTNL are not seriously considering to be a part of the consortium led by Delhi-based Vavasi Group to pick up a 46 per cent stake in Kuwait’s Zain Telecom.

News of the day

Spice exports decline 1.3% in April-October
Exports of spices fell 1.3 per cent in volume and 1.6 per cent in value during the April-October period of the current financial year.
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Gold futures prices decline on weak global cues

Gold futures prices declined by 0.11 per cent on the Multi Commodity Exchange today as speculators indulged in reducing their positions in tandem with weak overseas trend. - Silver prices trade higher on firm global cues - Silver prices set to touch Rs 27,000 per kg by December - NMCE to raise Rs 50-60 cr for overseas strategic investments - Comexes" turnover up 38 per cent - Crude oil futures up 1.3% on firm global cues - MCX launches futures trading in almond Gold for October month contract fell by 0.11 per cent to Rs 14,878 per ten gram, clocking an open interest of 14,170 lots. Similarly, gold for December contract shed 0.09 per cent to Rs 14,891 per ten gram, clocking an open interest of 1,217 lots. Marketmen said speculators reducing their positions influenced by weakening trend in the Asian region mainly led to fall in gold prices at futures market here. Meanwhile, gold prices traded lower in Hong Kong at 944 dollars an ounce against Friday"s close of $956.30.


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