Globe Capital Research Report

Bullions counter may trade on upside path as yellow metal were steady on Wednesday, as investors awaited upcoming key U.S. inflation data for hints on the depth of interest rate cuts expected from the Federal Reserve next week.

The government has amended certain rules under the companies law concerning mergers, making it mandatory for amalgamations between a foreign holding company and its wholly-owned Indian subsidiary to secure prior approval from the Reserve Bank of India. The updated rules specifically address mergers involving a foreign transferor company, incorporated outside India, and its wholly-owned subsidiary, the transferee company, incorporated in India. Such transactions will now require RBI clearance before proceeding

BULLION  – Gold little changed with US inflation on tap    

Bullions counter may trade on mixed path as yellow metal remained stable on Tuesday as market participants focused on August inflation figures for hints about a likely reduction in Federal Reserve interest rates this month.

Key decisions taken by the Finance Minister-led GST council included new GoM for GST rate reduction on medical and health insurance, exemption for import of services by foreign airline companies, rates on cancer drug and namkeen slashed among others.

BULLION  – Gold eases on firmer dollar, all eyes on US inflation print