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COMEX Gold futures stabilized today after a sharp slide in last session but the safe haven buying continued to turn lower amid sustained softening of geopolitical worries. Media reports noted today that Russian military drills in Crimea had ended and that soldiers were returning now. Russia had already announced a first troop pullback from Ukraines borders yesterday, leading to a sharp correction in Gold as […]

Infosys today announced it has been named a Foundational Partner for the launch of Google Cloud Cortex Framework. As a Foundational Partner, Infosys will help clients accelerate digital transformation and power new business capabilities with its market-leading data, analytics and AI expertise. Infosys will take advantage of Google Cloud Cortex Framework, along with its strong experience in SAP and Google Cloud ecosystems, to deliver better […]

According to the World Bureau Of Metal Statistics, the calculated market balance for primary aluminium for the period of January to December 2021 was a deficit of 1931 kt which follows a surplus of 1041 kt recorded for the whole of 2020. Demand for primary aluminium for January to December 2021 was 69.06 million tonnes, 5015 kt more than in the comparable period in 2020. […]

Wipro has allotted 12,915 equity shares under ADS Restricted Stock Unit Plan 2004 on 15 February 2022 pursuant to exercise of ESOPs. Powered by Capital Market – Live News

The Reserve Bank of India today released the February 2022 issue of its monthly Bulletin. The central bank noted that domestic macroeconomic conditions are striking a path that is diverging from global developments. In India, the recovery in economic activity is gaining strength and traction as it emerges from the third wave. Both manufacturing and services remain in expansion with optimism on demand parameters and […]

The Indian rupee appreciated by 25 paise to close at 75.07 (provisional) against the U.S. dollar on Wednesday, amid signs of de-escalation in the conflict between Russia and Ukraine. At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an intra-day high of 74.96 and a low of 75.24. It finally settled at 75.07, a rise of 25 paise […]

The Reserve Bank Of India (RBI) has reported that currency in circulation gained by 0.70% on the week to stand at Rs 30.73 lakh crore as on February 11, 2022. The central bank stated further that the overall reserve money contracted by 0.60% on the week to Rs 38.20 lakh crore. Currency in circulation moved up 8.2% on a year ago basis compared to 21.1% […]

According to the World Bureau Of Metal Statistics, the world copper market recorded a deficit of 397 kt in January to December 2021 which follows a deficit of 690 kt in the whole of 2020. Reported stocks (including LME off warrant stocks) at the end of December 2021 were 180.4 kt lower than at the end of December 2020. Net deliveries out of Shanghai warehouses […]

COMEX Copper futures stayed supported as Russia pulled back some troops from Ukraine border, boosting risk appetite globally. Asian stocks edged up. Chinese benchmark Shanghai Composite index rose 0.57%. Hong Kongs Hang Seng index jumped 1.49%. Japanese Nikkei index soared 2.22%. European stocks also moved up steadily. The US stocks edged up impressively yesterday with DOW closing up 1.2% on the day. Nasdaq spiked 2.5%. […]

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