MMTC Ltd. News and Updates

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MMTC Ltd.

26 Mar 2018

61.79

0.32%

MMTC, STC shares climb on report of potential merger

Business Line

Shares of MMTC and State Trading Corporation of India rose on report of potential merger. MMTC Ltd shares climbed as much as 10 per cent to Rs 60 and State Trading Corp of India Ltd shares jumped

MMTC Ltd. is trading above its 100 day SMA of 60.4

MMTC Ltd.

25 Mar 2018

61.79

0.32%

Merger of STC, MMTC under process: Commerce minister Suresh Prabhu

Business Standard

A merger of state-run trading firms MMTC and STC is on the cards and the matter is under process, Commerce and Industry Minister Suresh Prabhu has said. "That is something which is already on cards because STC unfortunately has become a sick company. Therefore, there are some measures which are being taken already and this matter is under process," Prabhu told PTI. He said this while replying to a question whether the government is moving ahead on the proposal to merge Metals & Minerals Trading Corporation of India (MMTC) and State Trading Corporation (STC). STC, Project & Equipment Corporation of India (PEC) and MMTC are under the administrative control of the ministry. Earlier, the commerce ministry had commissioned a study to work out a new structure for three state-owned trading firms MMTC, STC and PEC. While the government wholly owns PEC, it has about 90 per cent stake in MMTC and STC. The merger of MMTC and STC would result in synergy of operations. MMTC and STC were...

MMTC Ltd. is trading above its 100 day SMA of 60.4

STC, MMTC merger on cards, says Suresh Prabhu

livemint | 25 Mar 2018

MMTC Ltd.

23 Jan 2018

61.79

0.32%

CBI to investigate NTPC, MMTC, others over coal imports

Business Line

India's federal investigator will probe top State-run utility NTPC and State-owned company MMTC, over whether they were involved in a scheme to import inferior quality coal from Indonesia and pass...

MMTC Ltd. is trading below its 150 day SMA of 66.6

MMTC Ltd.

13 Jan 2018

61.79

0.32%

MMTC plans a full-fledged portal for transaction of gold and silver

Business Standard

MMTC has already invited e-bids for deployment of COTS (Commercial Off the Shelf) software for its planned e-commerce portal

MMTC Ltd. is trading below its 150 day SMA of 66.6

MMTC Ltd.

12 Jan 2018

61.79

0.32%

MMTC plans a full-fledged portal for transaction of gold and silver

Business Standard

MMTC has already invited e-bids for deployment of COTS (Commercial Off the Shelf) software for its planned e-commerce portal

MMTC Ltd. is trading above its 100 day SMA of 60.4

MMTC Ltd.

28 Nov 2017

61.79

0.32%

MMTC floats bids to import 2,000 tonnes of onions

Business Line

State-owned MMTC has floated a global tender for import of 2,000 tonnes of onions, a senior consumer affairs ministry official said today. The onion imports are aimed at boosting the local...

MMTC Ltd. is trading above its 100 day SMA of 60.4

MMTC floats bids to import 2,000 tonnes of onions

Economic Times | 28 Nov 2017 1 more

MMTC Ltd.

22 Nov 2017

61.79

0.32%

MMTC to import 2,000 tonnes of onions to ease supplies, prices

Business Line

Price double in key wholesale markets; Consumer Affairs Ministry suggests floor price for exports

MMTC Ltd. is trading below its 150 day SMA of 66.6

MMTC to import 2,000 tonnes onion to check prices: Paswan

Economic Times | 22 Nov 2017

MMTC Ltd.

16 Nov 2017

61.79

0.32%

Govt finalising jewellery hallmark rule; refineries to self-certify

Business Standard

The central government is finalising the rules on compulsory making hallmarking of jewellery. Hallmarking centres will be doing so for 14, 18 & 22-carat jewellery. For coins and bars, self-certification by refineries will be permitted. The industry has already started making noises on several proposals. India Bullion and Jewellers Association (Ibja) has said: "Self-certification of coins by refineries contravenes the basic purpose of a certifying agency. Self-certification without any third party intervention can be risky and refiners can misuse it." Surendra Mehta, national secretary, Ibja, said: "Coins from 0.1g to 100g must be hallmarked by approved centres." Sources say the government will allow refineries to self-certify hallmarking of coins because they will also have to take Bureau of Indian Standards registration and work is on to ensure they follow the global best practises about good delivery and so on. Rajesh Khosla, chairman emeritus of MMTC PAMP and president of the

MMTC Ltd. is trading below its 150 day SMA of 66.6

MMTC Ltd.

09 Nov 2017

61.79

0.32%

State agencies to import onions

Business Line

The Centre on Thursday allowed State-run agencies such as Nafed and MMTC to import onions to moderate the prices. The decision was taken after a meeting of the Price Stabilisation Fund Management...