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Large energy speculators continued to cut their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 341815 contracts in the data reported through week ended March 15 2022. This was a weekly […]

The Indian rupee slumped 31 paise to close at 76.15 (provisional) against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 76.08 against the American currency, then lost further ground on broad US dollar strength. The WTI Crude oil futures have scaled up […]

Ministry of Coal stated in a latest update that the entire demand of coal is not met from domestic production as the supply of high quality coal / coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported by power plants designed on imported coal and high grade coal required […]

Fitch has revised down world growth for 2023 by 0.2pp to 2.8%.

The funds under the said market borrowing programme will be raised from time to time during the financial year 2022-23.

The rating on long-term bank facilities has been revised from CARE A+ (SO); Stable to CARE A+; Stable and short-term CARE A1 rating was revised to CARE A1+.

The company has received first trial order for 900 Chimneys from Flipkartlndia Private Limited.

Indsil Hydro Global (FZE), Sharjah- a wholly owned subsidiary of the company has been permanently closed down.

Larsen & Toubro after market hours on Monday announced that the companys board will meet on 24 March 2022 to seek approval for raising funds.

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