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COMEX Copper saw a solid downside move in last session following a deep correction in the US equities but falling global Covid-19 cases and very tight exchange inventories capped losses. The metal edged up from lows of $4.46 per pound and currently trades up 0.82% at $4.53 per pound. The number of new coronavirus cases globally fell by 19% in the last week while the […]

COMEX Gold shot up yesterday, witnessing excellent safe haven buying on sustained worries due to the Russia-Ukraine crisis. The US stocks showed a substantial move back to the downside during trading on Thursday. The major averages all showed significant moves to the downside, with the tech-heavy Nasdaq seeing heavy losses of nearly 3%. The Dow crashed 1.8% and the S&P 500 index tanked around 2%. […]

After 29 April 2022

Geopolitical tensions on Russia-Ukraine front pushed investors towards safe-haven dollar in early Asia which could weigh down the Indian rupee in opening trades on Friday, 18 February 2022. Besides, sustained foreign fund outflows from the domestic market could add to rupee woes. On Thursday, rupee declined by 7 paise to close at 75.11 against the US currency. At the interbank foreign exchange, the rupee opened […]

Record date is 02 March 2022

The company has sold its 43.34% stake in Cosmos Premises, an Associate Entity, to Royal Orchid Hotels Limited, along with 6.66 % in CPPL held by certain promoter’s related entities.

The Board of Ambuja Cements at its meeting held on 17 February 2022 has in-principle approved an investment of Rs 3500 crore for a cement grinding expansion plan of potential 7.0 million tons across the companys existing grinding units at Sankrail and Farakka and at a greenfield location at Barh, in Bihar, supported by a 3.2 million tons brownfield clinker expansion at its existing integrated […]

The Philly Fed said its diffusion index for current activity slid to 16.0 in February from 23.2 in January, although a positive reading still indicates growth in regional manufacturing activity, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The bigger than expected decrease by the headline index came as the new orders index fell to 14.2 in February from […]

For demerger of Digital, Media and Communications biz to HGSL

The US Energy Information Administration (EIA) reported on Thursday that US natural-gas supplies dropped by 190 billion cubic feet for the week ended February 11 to stand at 1.911 trillion cubic feet. Total stocks were down 404 billion cubic feet from a year ago and 251 billion cubic feet below the five-year average. Powered by Commodity Insights