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As prices rise, gold buyers shift to rupee budget
As gold prices move higher, there is a clear shift in the way consumers buy it. Traditionally, gold-savvy customers used to buy in grammes on various occasions. For investment, too, orders were placed in grammes. Now, as prices move higher, “an interesting trend is that in contrast to the past, consumers now have a ‘rupee budget’, rather than a ‘weight (gramme) budget”, says Rohini Malkani, economist, Citi India.

IT investment region in state in a limbo
Uncertainty surrounds the proposed IT investment region in Orissa with the state government not showing any resolve to expedite the project.

News of the day

Street vendors to be rechristened as micro-entrepreneurs
They may be selling bananas, paav bhaji, cosmetics, cigarettes or just about anything else either on a push-cart going round streets or simply by standing on the roadside and now these street vendors are all set to get a new designation — micro-entrepreneurs.
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Nalco announces cash incentive for fly ash disposal

Navratna aluminium giant National Aluminium Company (Nalco) has decided to give cash incentive for disposal of fly ash, about 7,000 million tonnes (MT) of which is generated at its 1,200 Mw thermal captive power plant here everyday. - Nalco SAPs at Damanjodi demand R & R benefits - Nalco eyes mineral properties in Namibia - Nalco shelves South Africa project; puts Iran project on hold - Governor orders pollution test of Nalco ash pond water - Drivers" strike hits coal supply - MTNL, Tata Tele, Nalco & Ashok Leyland Q2 result Besides providing the pond ash free of cost to the end-users, Nalco would give cash incentive of Rs 100 per cubic metre subject to a minimum lifting of 4,000 cubic metres in a calendar month, company sources said today. The cost of loading and transportation shall have to be borne by the party. Fly ash is mixed with water and disposed of in slurry form, through pipelines, to the company"s ash ponds, spread over 600 acres, the sources said today. These ponds are located 5 kms away from National Highway-42 and is well connected with road. Pond ash is good for land filling and road construction works. Use of pond ash in road construction helps in conserving precious soil and sand, the sources said adding it can also reduce quantity of cement used in concrete roads.


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