While issues of mine depletion are real, high gold prices like those we’re seeing today will encourage more exploration and development activity to make up the shortfall.
Titan is set to post best quarter in nearly 3 years as investors bet on recovery in demand ahead of festive season & economic slump weakens its competitors.
Illegal shipments of gold are estimated to have slowed to a trickle of about 2 tons a month, and may total about 25 tons this year, compared with an estimate of 120 tons last year.
The rise showed the first year-on-year increase in first half of the year. However, gold demand is forecast to slide to record low as virus-related restrictions left million jobless.
The consumption of gold fell 56% from a year earlier to 165.6 tons in the first half of 2020. The drop is unlikely to be made up during the rest of the year.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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