Gold Silver Reports (GSR) – Russia’s Wheat Crop Under Threat From Miserable Start to Spring – Cold weather in central areas and the Volga valley delayed the resumption of winter wheat growth by about two to three weeks compared with last year, according to the Institute for Agricultural Market Studies, or IKAR. Lingering snow has also given farmers in the world’s top exporter less time to sow spring crops, potentially leading to smaller-than-expected plantings.
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Gold Down on Dollar Strength, Easing North Korea Tensions
Gold Silver Reports (GSR) – Gold Down on Dollar Strength, Easing North Korea Tensions — Spot gold was down 0.1 percent at $1,329.04 per ounce at 0335 GMT. The yellow metal rose 0.5 percent on Tuesday to break a three-session losing streak. U.S. gold futures eased 0.2 percent to $1,330.60 per ounce.
Fortis Healthcare Rises: Radiant Revises Takeover Bid
Gold Silver Reports (GSR) – Fortis Healthcare Rises: Radiant Revises Takeover Bid – Shares of the Delhi-based hospital chain operator rose as much as 1.38 percent to Rs 154. KKR-backed Radiant Life Care Pvt. Ltd. revised its offer for Fortis Healthcare Ltd. after the board of India’s second-largest hospital chain decided it would only consider binding bids.
Raymond Rises On Thane Land Development Plans
Gold Silver Reports (GSR) – Raymond Rises On Thane Land Development Plans – Shares of the Mumbai-based textile maker rose as much as 4.54 percent, the most since April 9, to Rs 1,113 after its board approved Rs 300 crore development plan for 20 acres of land in Thane near Mumbai. Meanwhile, Raymond’s net profit in March quarter fell 61 percent to Rs 53 crore while its revenue rose 11 percent to Rs 1,630 crore.
ICICI Prudential Gains As Brokerages Maintain Positive Stance Post Q4
Gold Silver Reports (GSR) – ICICI Prudential Gains As Brokerages Maintain Positive Stance Post Q4 – Shares of the private life insurance company rose as much as 4.9 percent to three-month high of Rs 438.60. International brokerage Citi revised its recommendations and target price after the company announced its fourth quarter results.
Growth in Shale, Frackers Preach Patience on Payoff From $70 Oil
Gold Silver Reports (GSR) – Growth in Shale, Frackers Preach Patience on Payoff From $70 Oil — While first-quarter earnings were less than exciting, Schlumberger Ltd., the largest service provider, said it plans to profitably add about 1 million horsepower worth of rock-crushing pumps this year into North American shale. Halliburton Co., the fracking king, said it sees a return to the 20 percent profit margins last seen before the downturn.
Bharti Airtel Top Gainer On Sensex, Nifty On Surprise Q4 Profit
Gold Silver Reports (GSR) – Bharti Airtel Top Gainer On Sensex, Nifty On Surprise Q4 Profit – Shares of the country’s largest wireless telecom operator rose as much as 3.35 percent, the most in a month, to Rs 419.70 after it surprised Street with a profit in March quarter led by improvement in Africa business.