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Crude oil futures stayed elevated as the US President Joe Biden imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of Ukraine. The ban followed US and European sanctions imposed on Moscow for invading Ukraine. The UK also announced it will phase out imports of Russian oil and oil products by the end of 2022. This will put […]

Sun Pharmaceutical Industries: The companys subsidiary Taro Pharmaceuticals USA Inc has completed the acquisition of subsidiary companies of Galderma. Bharat Forge: The auto ancillary company said its subsidiary Kalyani Strategic Systems (KSSL) has incorporated a company – Sagar-Manas Technologies (SMTL) on 7 March 2022 as a wholly owned subsidiary. Isgec Heavy Engineering: Isgec has received an order from Shree Cement for Cement Waste Heat Recovery […]

COMEX Copper has eased after hitting all time highs above $5 per pound but is witnessing steady moves amid tight inventories and firm Chinese demand. Over January-February, Chinas imports of copper ore and concentrates grew by 10.2% on year to 4.18 million tonnes. The red metal also eyed a sustained drop in global Covid-19 cases and stayed supported despite weak equities. COMEX Copper futures currently […]

The record date for the purpose of interim dividend will be March 28, 2022, said company.

The Indian rupee could see some relief in opening trades on Wednesday, 09 March 2022, extending recovery from the previous session on the back pause in dollar rally. Rupee hit a life-time low early this week as crude oil prices climbed to multi-year highs amid the Russia-Ukraine crisis. However, sustained foreign fund outflows and geo-political tensions would continue to weigh on the domestic currency. On […]

US wholesale inventories climbed by 0.8 percent in January after surging by an upwardly revised 2.6 percent in December, the Commerce Department reported on Tuesday. The continued increase in wholesale inventories came as inventories of durable and non-durable goods rose by 0.8 percent and 0.9 percent, respectively. The Commerce Department also said wholesale sales soared by 4.0 percent in January after climbing by 0.8 percent […]

US trade deficit widened to $89.7 billion in January from a revised $82.0 billion in December, reflecting a jump in imports and a steep drop in exports, the Commerce Department reported on Tuesday. With the bigger than expected increase, the trade deficit reached a new record high. The wider trade deficit came as the value of imports shot up by 1.2 percent to $314.1 billion […]

COMEX Gold futures shot up to fresh all time high, hitting $2077 per ounce in last session as volatile equities and worries over Russia- Ukraine war pushed up the prices. The metal currently trades up 1% at $2063 per ounce. The war premium is boosting safe haven buying in the commodity and a massive spike in inflationary expectations is also keeping sentiments well supported. MCX […]

The US stock market finished volatile session lower on Tuesday, 08 March 2022, extending losing streak for fourth consecutive day, as investors continued unloading a wide range of shares on concerns about stagflation prospects after crude oil prices continued to skyrocket as President Joe Biden officially announced a U.S. ban on the import of Russian oil, liquefied natural gas, and coal in response to Russias […]

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