Steep fall in gold pricesMUMBAI: Gold prices declined sharply on the bullion market here today as dealers braced up for tomorrow's gold auction by the Bank of England (BoE). Silver also fell on weak overseas advices coupled with good arrival. Standard gold opened weak at Rs 4070 and declined to Rs 4050, showing a steep fall of Rs 30 over the last close of Rs 4080. 22-carat gold was quoted weak at Rs 3745 as against Rs 3775. However, ten-tola gold bar (.999 purity) held steady at Rs 47,500. Ready silver (.999 fineness) closed at Rs 7985, showing a fresh fall of Rs 25. Raw silver (.916 fineness) declined to Rs 7860 from Rs 7890 and tenderable silver fell to Rs 7990 from Rs 8115.HPCL, Total sign pact for LPG venture
MUMBAI: Hindustan Petroleum Corporation Ltd (HPCL) and Total Gas and Power Ltd (TGPL), a wholly-owned subsidiary of French energy major Totalfina, has signed a joint venture agreement to jointly develop an LPG import terminal in the east coast at Visakhapatnam. The two companies,under the agreement, would own 50 per cent each of the joint venture created to develop the terminal which would have a storage capacity of 60,000 metric tonnes. Scheduled for completion in 2003, it would be the largest LPG import terminal in India, HPCL said in a statement here.
P&G profits up, pays 50 pc final
MUMBAI: Procter & Gamble Hygiene and Health Care India (PGHH) has announced a 31.6 per cent rise in net profit to Rs 56.86 crore for the year ended June 1999 as against Rs 43.19 crore last year. Net sales increased by 6.2 per cent during the period to Rs 468.26 crore from Rs 440.68 crore. The board has recommended a final dividend of 50 per cent for the year which is in addition to the special one-time interim dividend of 400 per cent for the year.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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