Mmtc

IFCI, MMTC, STC, Suzlon, Raymond among 354 stocks locked in upper circuit

IFCI (Rs 84), MMTC (Rs 102.60) and STC India (Rs 203.40) were frozen at the 20 per cent upper limit on the BSE.

Bear Hammering: Paytm, Adani Power among 1,010 stocks at lower circuit

As many as 1,010 stocks were locked at their respective lower circuit on the BSE in late noon deals on Wednesday amid the broader market sell-off.

MMTC at lower circuit, sinks 19% in 2 days on reports govt may wind it down

From its 52-week low of Rs 26.4 touched on April 28 this year, the stock had leaped 237 per cent to a new 52-week high of Rs 89 on October 17, Tuesday

These two PSU stocks have zoomed 50% in last three days on heavy volumes

Shares of Indian Railway Finance Corporation (IRFC) and MMTC surged by up to 20 per cent on the BSE in Tuesday's intra-day trade on the back of heavy volumes

Stocks to Watch on Aug 3: Titan, IndiGo, MMTC, Airtel, Adani Ent, Nykaa

Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore

Market regulator Sebi cancels registration of MMTC as broker in NSEL case

Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stock broker for its involvement in illegal "paired contracts" in a case pertaining to now defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by it within 15 days. In case a client fails to do so, the broker will transfer the funds and securities of such clients to another registered broker in the next 15 days under advice to the said clients, Sebi said in its order on Wednesday. Going by the order, MMTC is a commodity derivatives broker registered with Sebi, from December 2015 and is currently a member of the Multi Commodity Exchange of India Ltd (MCX). The broker made an application in September 2019 for surrendering its membership of MCX. However, the surrender application of MMTC is still pending with MCX. In its order, Sebi said MMTC traded in "paired contracts", which did n

India's biggest bullion refiner forays into silver for industrial use

The plant will produce more than 100 million pieces of contacts this financial year, with plans to double output by the end of March 2024, he said

Stocks to Watch: Lupin, Jindal Steel, Wipro, Future Group, Tata Steel Long

Lupin may be in focus as it has launched its first Reference Laboratory in East India in Kolkata.

MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 year

MMTC-PAMP, a JV between state-owned MMTC Ltd and Switzerland-based bullion brand PAMP SA, on Thursday said it is aiming at a revenue of Rs 1,000 crore from the eastern region in the next five years. It forayed into the eastern market, launching the first store in Kolkata. Over the next five years, the company aims at earning a revenue of Rs 1,000 crore in the eastern region, and expand into key regional markets by targeting Jharkhand, Bihar and the northeast, MMTC-PAMP said in a release. With the launch of the Kolkata unit, the company now has 14 stores across the country. We plan to build a strong presence in the eastern market and with this store, we will not only cater to the huge demand of gold recycling in the region, but will also offer our flagship 999.9 purest gold, silver coins and ingots to consumers and trade channels, MMTC- PAMP MD & CEO Vikas Singh said.

ED attaches assets worth over Rs 363 cr of jewellery firm in MMTC case

The Enforcement Directorate (ED) said it has attached assets worth over Rs 363 crore of a jewellery firm in a money laundering case linked to an alleged fraud against public sector enterprise MMTC.

MMTC seeks time till August 31 from exchanges for financial results

MMTC said it has requested stock exchanges to extend time limit up to Aug 31 for holding meeting of audit committee and Board of Directors for consideration and approval of audited financial results

Stocks to watch: Tata Motors, Bata India, SAIL, MMTC, Reliance Power

The board of MMTC has approved the debt restructuring scheme of the state-owned company which envisages settlement of dues out of the disinvestment proceeds of the Neelachal Ispat Nigam Limited (NINL)

Commerce Ministry seeks financial aid from FinMin for MMTC's VRS scheme

The Commerce Ministry has sought financial support from its finance counterpart to pay compensation to the employees of public sector trading firm MMTC (Metals & Minerals Trading Corporation of India) under its VRS scheme, sources said. According to sources in the Commerce Ministry, which is the nodal ministry of MMTC, the ministry has sent a proposal regarding this to the Finance Ministry. The company needs money to pay its employees who are opting for VRS (voluntary retirement scheme), and due to its weak financial conditions, MMTC is unable to pay the due amount, one of the sources said. The ministry is hopeful that the Finance Ministry would consider the proposal positively, the sources said. In July last year, MMTC's board had approved the VRS proposal for its employees.

Bullion refiner MMTC-PAMP launches buy-back, exchange offers for gold

For a nominal transaction fee, sellers can receive the maximum value of gold as a direct bank transfer or in the form of a gold bar with 9999, 999 and 995 purity, the bullion refiner said

Sudhanshu Pandey takes charge as Chairman and Managing Director of MMTC

Pandey led many high-level government and trade delegations to various countries

Cabinet approves strategic sale of Neelachal Ispat; auction likely in FY21

It is learnt that this strategic sale could be completed only after March 31, and hence, will be part of the 2020-21 divestment pipeline

Govt gives nod for sale of equity shares of 6 PSUs in Neelachal Ispat

The six PSUs are MMTC, National Mineral Development Corporation, Bharat Heavy Electrical Ltd, Odisha Mining Corporation, Odisha Investment Corporation and MECON

Adani Ent dips 4% on reports SC stays Bombay HC ruling in coal import case

The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015

To control prices, MMTC to import additional 12,500 tn onion from Turkey

The latest contract of onions will begin arriving in India from mid-January onwards

Govt limits stock holding for onion retailers to 2 tonnes to curb hoarding

Retail onion prices have risen in the past two months due to short supply owing to fall in production of kharif (summer) crop after heavy rains.