Gold price

New Delhi: Domestic steel demand is likely to see a sharp dive in the first quarter of the coming fiscal due to stalled factories and production cutbacks across major user industries like auto and construction, Icra said on Friday. The rating agency has also lowered its forecast for steel demand growth for 2020-21 as the country has imposed a nationwide lockdown to contain the spread of the Covid-19 pandemic. “We estimate steel demand to grow by 2-3% in FY21,” Icra's senior vice president Jayanta Roy said. Against this, domestic steel consumption grew by 3.8% in FY20.With poor demand likely to pull down steel prices and factories running at lower capacities, steelmakers’ profitability is also expected to come under pressure. “Steel industry growth is closely linked to that of a country's GDP,” the agency said. “With GDP growth rate being revised downward by nearly 4.5% in Q1FY21, domestic steel consumption growth is also expected to come down.” … [Read more...] about India’s steel demand headed for a slump; prices, margins to fall

Tim Fraser, of Di Jones North Shore – Wahroonga, said there were a few buyers chasing the property, which was on the market for just 10 days before it sold for $3.65 million. … [Read more...] about North-facing deep waterfront at Cammeray sets new sales record

Heartened by the success of its subscription service Gold, Zomato has rolled out yet another loyalty rewards program called Zomato Piggybank to enhance customer stickiness for its food delivery business. A rewards point-based program for users of Zomato’s food delivery service, PiggyBank is akin to a cashback system with 10% of the order value being credited back into a user’s account as Z Coins each time they use the app to order food online. These coins can be redeemed on future purchases, with a limit of upto 10% of the order value each time on redemption. Currently the Piggybank program is available on a loyalty-based access to about 10,000 customers and will be extended to users who order over 5 times per month from Zomato, thus enhancing stickiness for its user base. The program however will enable early access for Piggybank to existing Zomato Gold users. Having begun as a loyalty based program, Piggybank will become a fee-based subscription service from September, … [Read more...] about Zomato launches loyalty rewards program PiggyBank; Move to aid delivery order volume growth

Footage from the raids showed police counting wads of $100 notes and other denominations of cash, as well as piles of clothing emblazoned with the Bandidos' bikie gang colours and logo. … [Read more...] about Coronavirus won’t stop bikie crackdown, Queensland police say

coronavirus cases in the country. More relief measures from the government to cushion its impact on the economy are likely boost investor sentiment.Market participants will also be tracking foreign institutional investor (FII) flows and auto sales data for March that will come out in the coming week.“The stimulus package announced by the government and RBI will have limited effect until the actual impact of the contagion is known, both economically and in terms of number of infections. In spite of the relief rally seen last week, investors will need to be conservative in their investments and still focus only on accumulating quality stocks and not go all in,” said Vinod Nair, Head of Research at Geojit Financial Services.As per the buzz on Dalal Street, here are the factors that may guide market this week:Coronavirus cases near 1,000Number of coronavirus cases in India is nearing 1,000, evoking fears of community transmission, which will have cascading effects. Meanwhile, … [Read more...] about Coronavirus updates, govt measures, FII flows among key factors that may guide Dalal Street this week