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COMEX Copper futures slipped in last session, giving up from two week highs on worries about the fallout from Chinas lockdowns in major cities. Market also remained worries about demand in emerging economies. The IMF cut global growth estimates in a latest update that noted that monetary tightening by central banks of advanced economies may stoke inflation in emerging markets due to currency depreciation, necessitating […]

The company will make Enedyms SRM drive motors, controllers, and drive trains for the target applications exclusively in India with serial production expected to start in 2023.

The agreed upon consideration for the said Slump Sale is Rs4,800 lakh, said company.

The company has also entered into a research and collaboration agreement with Selvax to accelerate the commercialization of Selvax's cancer immunotherapy treatment.

This order was received in the presence of Shri B Veera Reddy, Director (Tech), CIL, Kolkata.

The increase in prices would vary across models and variants.

The Letter of Acceptance for the contract is issued by MCGM and the works are scheduled to be completed in a period of 51months as per the Contract terms.

Crude oil tanked more than 5% yesterday as traders eyed weak global growth estimates. The IMF slashed global growth forecast for 2022 and 2023 by 0.8 percentage point and 0.2 point, respectively, to 3.6%. The downgrade largely reflects the wars direct impacts on Russia and Ukraine and global spillovers, said the report. WTI Crude lost out on this and also tracked soaring Chinese Covid-19 cases. […]

Indian Rupee is likely to start in a cautious manner after falling sharply in last session as equities continued to tank. The INR lost 26 paise to 76.55 per US dollar. The benchmark indices ended with major losses on Tuesday, extending their losing run to fifth consecutive session. Major selling was witnessed in the fag end of the session. Weakness in the European markets amid […]

For development of SRM drive platforms for electric vehicles