Basic Materials

Tech Envy on Business Sector

A poll of tech worker habits by software firm Nintex revealed that public and private sector employees are hungry for automation, and rely on mobile apps and the cloud to get work done.

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Outlining Strategies

The NEC had alrady laid an outline strategy regarding on how to boost kery service sectors.

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Todays update on undervalued and overvalued sectors.

Here is the latest update regarding the market fair. The most overvalued and undervalued sectors that we have.

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Core Sector Records 5% Growth Since September

For the month of September, Indian core sectors showed up a reamrkable increase of 5%.

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Greybull Capital Acquires Tata Steel, Revives British Steel, Saves Jobs

The acquisition of Greybull Capital of Tata Steel's UK long product business will save thousands of jobs and was accepted by the steelworkers after two years of uncertainty.

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ArcelorMittal to sell 3 of its US steel operations

Billionaire Lakshmi Mittal-controlled ArcelorMittal is selling three of its US steel operations to Black Diamond Capital Management. As part of the sale deal, ArcelorMittal will offload three units at LaPlace in Louisiana, Harriman in Tennessee and El Paso in Texas. Both companies denied to provide terms of the deal.

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India's NCDEX imposes spl margins on Kapas

India's National Commodities and Derivatives Exchange (NCDEX) has imposed special margins in Kapas contracts. Kapas prices fell over seven percent during the past fortnight. NCDEX has taken the decision to check further fall in Kapas contracts.

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Gold below $1,250/oz on profit booking

Profit booking pulled yellow metal on Monday below psychological mark-$1,250 an ounce. Gold price fell for four weeks in the past five weeks.

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India's New Jewelry Tax Poses Major Threat To Gold Market, Sparks Protest From Jewellers

India’s gold market is threatened as the government revealed a new jewelry tax regulation, requiring a 1 percent sales tax on gold jewelry. Import taxes has not been changed, even though jewellers have expected the government to eliminate the 10 percent import duty.

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Barrick Gold is Facing a $9.3 Million Fine Over Cyanide Spill in Argentina Last Year

Due to a cyanide spill in a mine in Argentina, Canadian-owned Barrick Gold is facing a fine of $9.3 million imposed by the local government. Nine current and former employees are also being held as defendants over accusations of negligence that caused the spill.

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South Africa's Manufacturing and Mining Output Contract, Slow Down Economy Even More

South Africa's output in the manufacturing and mining sector might not be a good sign to start the year right. More mining sites stopped their operations creating illegal mining. The president should do something as investors are skeptical on how he handles the country's economic situation.

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South Africa's Deteriorating Gold Industry and Economy

South Africa's gold industry is degenerating along with its economy. With the shut down of many gold mines, many workers are laid off leaving them no jobs and no food. This forces them to mine illegally and make their lives in jeopardy.

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China aims 7% economic growth in 2016

China is targeting seven percent gross domestic product (GDP) growth rate for 2016. The Chinese government is keen on real growth prospects over restructuring exercise this year, while avoiding inflating debt or asset bubbles.

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Zimbabwe Government Robbed of Wealth, Takes Control of Diamond Mining Fields

The Zimbabwe government will now take control all of the mining fields in the country as the state is being robbed of its wealth. Billions of dollars have been stolen from the nation's treasure chest because of smuggling and swinding according to President Mugabe.

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