Gold Silver Reports (GSR) – Idea Cellular Share Price Falls On Reports Of Possible Merger Delay – Shares of the telecom operator fell as much as 7.3 percent, the most in over three weeks to Rs 56.15. – The company’s merger with Vodafone India Ltd. may not meet the expected June 30 deadline as the Telecom Department is looking to raise a fresh demand of around Rs 4,700 crore, PTI reported quoting a person familiar with the development.
Mauritian Exchange Sees $6.5 Billion Gold Trading in Five Years
Gold Silver Reports (GSR) – A Mauritian commodity exchange that plans to start operating in the fourth quarter expects to trade $6.5 billion of gold annually within five years, part of the Indian Ocean island nation’s plan to become a financial gateway to Africa, its chairman said.
Paulson Urges Underperforming Gold Miner to Seek a Buyer
Gold Silver Reports (GSR) – Paulson Urges Underperforming Gold Miner to Seek a Buyer — In a letter to the Toronto-based company’s board, Paulson & Co. said directors had “failed to recruit and oversee a management team capable of operating the Detour Lake mine in a manner that delivers returns to shareholders.” The letter, a copy of which was obtained by Bloomberg, was signed by John Paulson and Marcelo Kim, a partner at the firm.
Gold Prices Climb as Dollar Weakens on EU-US Trade Woes
Gold Silver Reports (GSR) – Gold prices edged up on Monday as a buoyant euro kept the dollar off its 11-month highs, with trade issues between the United States and the European Union further supporting the bullion.
City Union Bank Stock Price Gains On Bonus Announcement
Gold Silver Reports (GSR) – City Union Bank Gains On Bonus Announcement – Shares of the lender extended gains for the second day and rose as much as 2.7 percent, the most in three weeks to Rs 186.5. The bank’s board had proposed a bonus of 1:10 and fixed July 11 as the record date, according to its statement on the exchanges.
Symphony Share Price Gains After Stake Acquisition
Gold Silver Reports (GSR) – Symphony Share Price Gains After Stake Acquisition – Shares of the electronic-appliances maker extended gains for the fourth day, its longest winning streak since April 3. The stock rose as much as 3.5 percent to Rs 1496.40. The company had acquired 95 percent stake in Australia-based Climate Technologies for Rs 220 crore, according to its stock exchange notification.
Biocon Share Price Rises After Bengaluru Facility Clears Regulatory Inspection
Gold Silver Reports (GSR) – Biocon Rises After Bengaluru Facility Clears Regulatory Inspection – Shares of the drugmaker rose as much as 2.3 percent to Rs 644.35. – The company said that it received an Establishment Inspection Report (EIR) from the U.S. drug regulator for its manufacturing facility in Bengaluru, according to its stock exchange notification.