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NMDC slashes iron ore prices

Sanket Dewarkar / Article rating: 5.0

NMDC has reduced prices of high grade iron ore (lumps) by Rs. 300 to Rs. 3,550 per tonne for the month of December 2018 from Rs 3,850 a tonne in November. The company has also cut the prices for iron ore fines, which are inferior grade ore, by Rs. 200 to Rs. 3,110 per tonne for December from Rs. 3,310 a tonne in November.

GMR Infra arm to develop port

Sanket Dewarkar / Article rating: 5.0

GMR Infrastructure’s step down subsidiary, Kakinada Gateway Port (KGPL) has signed the Concession Agreement with the government of Andhra Pradesh for the development of a greenfield commercial port on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Kona Village, East Godavari District, Andhra Pradesh.

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Nifty Auto in top gear, registers highest single-day gain since May 18; Reliance Industries at new high!

Interestingly, the majority of the sectors are seen trading in green with Nifty Auto and Nifty Realty leading from the front.

Karan Dsij / Article rating: 3.5
The index behemoth Reliance Industries is seen trading at the record high levels as it has jumped more than 1.5 per cent on NSE. On an MTD basis,...
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Tax Column

Jayesh Dadia, Chartered Accountant

Ninad Ramdasi / Article rating: 3.0

In the latest Olympic Games India’s performance was at an all-time best.

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