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The largest recorded monthly crude supply from Russia to India was 946,000 barrels per day in October. It supplied 22% of India's total oil imports, surpassing Saudi Arabia's 16% and Iraq's 20.5%.

Crude oil futures jumped on good demand hopes. Oil giant Saudi Aramco on Tuesday reported a $42.4 billion profit in the third quarter of this year, up 39% on year buoyed by higher global energy prices. Aramcos long-term view is that oil demand will likely continue to grow for the rest of the decade, as will the worlds need for more affordable, reliable, and sustainable […]

While U.S. West Texas Intermediate (WTI) crude futures increased 26 cents, or 0.3%, to $88.63 a barrel, Brent crude futures gained 17 cents, or 0.1%, to $94.82 a barrel.

The Indian Rupee is likely to see mixed moves today as a spike to near $90 per barrel in WTI Crude oil prices could weigh on the commodity. Weakness in the greenback overseas supported the Indian rupee to appreciate 10 paise to close at 82.71 (provisional) against the US dollar on Tuesday. The dollar weakened ahead of the FOMC policy meeting on Wednesday. At the […]

Tech Mahindra: On a consolidated basis, the IT majors net profit rose 13.59% to Rs 1,285.40 crore on 3.32% increase in revenue from operations to Rs 13,129.50 crore in Q2 FY23 over Q1 FY23. On a year on year (YoY) basis, Tech Mahindras net profit declined 4% while revenue jumped 20.7% in Q2 FY23. Adani Ports and Special Economic Zone (APSEZ) : APSEZ reported 65% […]

COMEX Copper futures edged up amid soaring Asian equities. Chinese stocks rose from three year low on stimulus hopes while the other major indices also remained well supported. European shares jumped with massive surge visible in German and UK indices. The metal was also supported on falling LME Copper inventories and currently trades at $3.49 per pound, up 0.78% on the day. MCX Copper futures […]

A report released by the Institute for Supply Management on Tuesday showed a slight increase in U.S. manufacturing activity in the month of October. The ISM said its manufacturing PMI edged down to 50.2 in October from 50.9 in September, but a reading above 50 still indicates growth in the sector. The report showed the new orders index climbed to 49.2 in October from 47.1 […]

Telecom networking products maker received approval under Design-led PLI scheme for Telecom and Networking Products.

COMEX Gold futures edged up from a one week low near $1630 per ounce as a recovery in demand augured well for the sentiments. The metal currently trades up 0.32% at $1655 per ounce. The World Gold Council or WGC stated in its latest quarterly demand trend report, the that world physical gold demand totaled 1,181 tonnes in the third quarter, increasing 28% from the […]

In order to increase visibility and control over JLR's future supply chain, JLR will take part in the "Wolfspeed assurance of supply initiative" to guarantee the supply of this technology for future electric car production needs.