Gold Imports to Rise Premiums may Double Ahead of Diwali

first_imgAccording to bullion traders, India’s monthly gold imports are set to rise by as much as 50% from the current levels and premiums could also double ahead of this festive season next month. Additionally, gold sales are expected to rise by 15 to 20%.Currently, gold is being sold for around ₹27,000 per ten gram. It is expected that Indian gold buyers would help support global bullion prices which had dipped to eight-and-a-half month low of ₹1,216.01 (₹74,072) per 30 grams amid worries of hike in US interest rates. The festive demands are expected to push local gold prices. Prithiviraj Kothari, vice-president of the India Bullion & Jewellers’ Association expects the gold price to touch ₹28,500 per ten gram ahead of Hindu festivals like Dhanteras and Diwali.”Gold imports are expected to rise to about 70-75 tonnes per month in the coming months as against a monthly average of 50-60 tonnes,” Reuters quoted Prithviraj Kothari, vice-president of the India Bullion & Jewellers’ Association.After and during the Indian festive season, Indian gold premiums to the global benchmark are also expected to surge by ₹731 to ₹912 for 30 grams, from the current rate of ₹426 to ₹609 an ounce.Gold reached its highest at ₹35,074 per ten gram in August 2013, but then onwards the bullion prices have slipped steadily aided by weak prices overseas and a strengthening rupee.Deficit worries?Heavy imports raised the fiscal deficit during previous year that had put the rupee under pressure and slowed growth. Following this, UPA finance minister P. Chidambaram raised the import tax on gold for the third time in a year.However, in May 2014, RBI eased import restrictions on this commodity. The central bank permitted private agencies and banks to provide gold loans to the sector. But, the government has not lowered the import duty which is at 10%.India’s investment demand for gold slumped 67% on year in the June quarter, according to World Gold Council.But, Kothari opined that India’s deficit would not hurt because of gold demand during festive season as government’s restrictions on gold imports and lower international prices will prevent the deficit.last_img read more

Excess or poor sleep may up heart disease

first_imgToo much or too little sleep can increase the risk of cardiovascular disease and early death, according to a study of over 116,000 people from across the world published recently. The researchers found that people who slept for longer than the recommended duration of six to eight hours a day had an increased risk of early death or developing diseases of the heart or blood vessels in the brain. Compared to people who slept for the recommended time, those who slept a total of eight to nine hours a day had a five Also Read – Add new books to your shelf per cent increased risk; people sleeping between nine and ten hours a day had an increased risk of 17 per cent and those sleeping more than ten hours a day had a 41 per cent increased risk. They also found a nine per cent increased risk for people who slept a total of six or fewer hours, but this finding was not statistically significant. Before adjusting for factors that might affect the results, the researchers found that for every 1,000 people sleeping six or fewer hours a night, 9.4 developed cardiovascular disease (CVD) or died per year. Also Read – Over 2 hours screen time daily will make your kids impulsiveThis occurred in 7.8 of those sleeping six to eight hours, 8.4 of those sleeping eight to nine hours, 10.4 of those sleeping nine to ten hours and 14.8 of those sleeping more than ten hours. “Our study shows that the optimal duration of estimated sleep is six to eight hours per day for adults,” said Chuangshi Wang, a PhD student at McMaster University in Canada. “Given that this is an observational study that can only show an association rather than proving a causal relationship, we cannot say that too much sleep per se causes cardiovascular diseases,” Wang said, lead author of the study published in the European Heart Journal. “However, too little sleep could be an underlying contributor to death and cases of cardiovascular disease, and too much sleep may indicate underlying conditions that increase risk,” she said. Associations between sleep and death or cardiovascular and other diseases have been suggested by other studies, but results have been contradictory. In addition, they tended to look at particular populations and did not necessarily take account of the fact that in some countries daytime napping can be common and considered healthy. The study looked at a total of 116,632 adults aged between 35 and 70 years in 21 countries with different income levels in seven geographic regions (North America and Europe, South America, the Middle East, South Asia, Southeast Asia, China and Africa). During an average (median) follow-up time of nearly eight years, 4,381 people died and 4,365 suffered a major cardiovascular problem such as a heart attack or stroke. Researchers found that regular daytime naps were more common in the Middle East, China, Southeast Asia and South America. The duration of daytime naps varied mainly from 30 to 60 minutes. People who slept six or fewer hours at night, but took a daytime nap, and so slept an average of 6.4 hours a day in total, had a slightly increased risk compared to those who slept between six and eight hours at night without a daytime nap, but this finding was not statistically significant. “Although daytime napping was associated with higher risks of death or cardiovascular problems in those with sufficient or longer sleep at night, this was not the case in people who slept under six hours at night,” Wang said. “In these individuals, a daytime nap seemed to compensate for the lack of sleep at night and to mitigate the risks,” she further added.last_img read more

12 Tech MustHaves

first_imgJune 14, 2010 6 min read Register Now » This story appears in the June 2010 issue of Entrepreneurs StartUps Magazine. Subscribe » 9. Verizon MiFi 2200 Intelligent Mobile Hotspot ($50)Staying connected to the Web on the road can be obscenely expensive: Expect to part with north of $700 for year-long data access fees. But relying on third-party hotspots and hotel WiFi is a recipe for disaster. So bite the bullet and get a mobile data plan. But instead of going with an old-school USB or modem card to get online, use this slick portable hotspot from Verizon. The MiFi takes cellular access and makes it into a local WiFi hotspot you can share. Though other carriers like Sprint have similar mobile offerings, Verizon can sell you mobile data by the week or month, which really takes out the sting of access fees. TIP: Look for promising contacts in airports and be generous: offer to share your access.10. Ultimate Ears MetroFi 170vi headphones ($60)No matter what mobile phone you get, first-quality, old-school wired ear buds and a mic are the single best thing you can get to improve voice quality, hear your tunes as they were recorded and otherwise do your best to avoid brain cancer. The pick right now for in-ear headphones is the Ultimate Ears MetroFi 170svi. The most rewarding $60 you’ll probably ever spend.11. Clickfree C2 Portable BackUp 250 GB ($120)Fail to back up your data at your own peril. Considering how idiot-proof hardware like Clickfree makes backing up your stuff, there is just no excuse for going unprotected. Simply plug in this small portable device to your computer, do what it tells you to do and repeat every week or so. Trust us, you’ll save yourself a world of hurt.12. WowWee Cinemin Swivel Pico Projector ($260)Every dreamer needs a great way to sell that dream. This is it. Turn it on, jack it into the output of your new laptop, iPhone or BlackBerry, and project your Powerpoint, video presentation or stills on any wall. Yup, that means the office wall, bar wall or elevator wall become your own private sales zone. And how cool to show up for the big pitch without having to mess with that clunky, old projector. Pulling this out of your pocket–it’s about the size of a cigarette pack–is a stylish and effective way to get your message across. 8. Apple iPhone 3G ($99) or BlackBerry Bold 9700 Refurb (free)If your business life is all about the app-based product, by all means Go iPhone. Nobody, not Android or Windows 7, can touch that. But if yours is a text-oriented, keyboard shop, you want BlackBerry–specifically, the Bold 9700. It’s big, fast and works with everything. The great part is, you can make this call at one store: AT&T. The old Ma Bell sells both the iPhone and is offering a great small-biz deal: refurbished 9700’s for the price of a contract. Try them both. See what feels best and go with it. 3. Google Apps and OpenOffice productivity software suites (free)Google Apps and OpenOffice do not come anywhere near Microsoft Office in terms of features–Excel devotees, in particular, will lose their minds on Google Docs Spreadsheets. But when combined, these two programs have many virtues. They offer powerful collaboration tools and get your shop working on the Internet cloud. Be sure to allow some training time: Some things, like document collaboration, are better done with Google; others, like document layout and tricky calculations, are more suited on OpenOffice. There is no better deal in small business tech right now.4. Acer X203H 20 Inch Wide Monitor ($120)Why pay a lot for idiot-proof stuff like monitors? No need. For a measly $120 you get a legit 20-inch imaging device that plugs right into your new Dell. Your new big screen eases eye strain, improves posture and, alas, lengthens your work day.5. Epson WorkForce 610 All-In-One Printer ($199)For the full on, max sense of the absurd value in today’s tech dollar, look no further than desktop imaging. Makers like HP, Brother and Samsung all offer great, low cost products, but for the startup, we give the nod to Epson. Not only fast and cheap, Epson excels in image quality on the printed page. For about the price of taking the family out for a ballgame, you get a near-professional-quality printing, scanning, faxing and copying device. And with a bit of trial and error you really can create business-quality cards, envelopes and brochures. Ridiculously powerful. Caveat: Watch your ink consumption. Replacement cartridges will kill you.6 &7. Microsoft Arc Keyboard ($60) and Gyration Air Mouse ($80)Your spiffy office would not be complete without a quality keyboard/mouse combo that reduces hand strain, increases productivity and lets you wow ’em come presentation time. Though it gets no street cred, Microsoft is doing sterling work with its comfy Arc keyboards. And Gyration is the leader in air mouses that need no desk (just point it at the screen). You’ll grow to love it.center_img 1. Humanscale Diffrient World Mesh Back Task Chair (starting at $600)New York-based Humanscale, a high-end maker of office products, has worked hard to bring some of its best chairs within reach of small budgets. For our money–and yours, considering how much time you will spend in that command position– the Diffrient World line (named for designer Nils Diffrient) is the right balance of ergonomics, good looks and value. At this price, it’s a bargain. And your back will thank us. 2. Dell Vostro 1015 Notebook PC ($450)Fear not, Mac heads: You will get your Steve Jobs style points when we get to smart phones; but the fact is, burning three quarters of your budget on a MacBook makes no sense, when a mere $450 buys an awesome notebook from Dell–a basic black, 15-inch Dell Vostro running Windows 7 Home Premium. Skip the Microsoft Office software and instead get a free Google Apps account (more on that later). And stay away from fancy memory upgrades, beefier processors or extended service plans. Eventually, you will need to upgrade to a better PC and Microsoft Office as you grow. But for now keep it cheap, fast and simple. Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. Welcome to the golden age of small business technology. If the grueling Great Recession has a silver lining, it’s this: Tech vendors are innovating and discounting. From furnishings to computers to mobile devices, consumer electronics have never offered the start-up enterprise more for less. What it used to cost for a computer, printer and some software will now get the savvy entrepreneur an entire office. So if you’re ready to start that business, you owe it to yourself to check out these 12 essentials, all for about two grand.last_img read more

Carnival Corp is moving these two Costa ships to China

first_imgCarnival Corp. is moving these two Costa ships to China Travelweek Group Tags: Carnival Corporation, China, Costa Cruises << Previous PostNext Post >> Tuesday, November 6, 2018 center_img Share MIAMI — Two ships are leaving the Costa fleet and heading to China to serve that country’s growing cruise market.The first of these ships, the 85,861-ton, 2,210-passenger Costa Atlantica, is scheduled to be transferred by the end of 2019. Costa Atlantica’s sister ship, the 2,114-passenger Costa Mediterranea, will be transferred at a date still to be announced.Both ships are heading to a new Chinese cruise division, CSSC Carnival Cruise Shipping Limited, the result of a new joint venture between Costa Cruises’ parent company Carnival Corp. and China State Shipbuilding Corporation (CSSC).  “The official launch of our cruise joint venture in China is a significant milestone in the strategic development of a strong and sustainable cruise industry in China,” said Arnold Donald, CEO, Carnival Corporation. “Together with our partners, we are excited about our ability to launch a new cruise line in China based on existing ships and new China-built cruise ships tailored for Chinese travellers.” Posted bylast_img read more