Copper melted as global stock markets were hit by inflationary fears and the global central bankers maintained their interest rate raising spree. COMEX Copper slumped under $3.40 per pound to test two month low near $3.30 per pound markets continued to worry about global economic growth and the recent surge in the LME Copper inventories. International Monetary Fund Managing Director Kristalina Georgieva has said she […]
Gold extended its losing streak as rising global interest rates and lack of fund buying pulled the metal lower on a sustained basis. In a key decision on 21st September 2022, the US Federal Reserve announced its highly anticipated monetary policy verdict, raising interest rates by another three-quarter of a %age point. Citing its dual goals of maximum employment and inflation at a rate of […]
The state-run lender on Friday (23 September 2022) announced the allotment of non-convertible, unsecured Basel III compliant Tier 2 bonds Series I of Rs 4,000 crore on private placement basis.
WTI Crude oil futures tested a nine month low under $80 per barrel as the global equities melted. DOW tested around two year low and took a significant toll on risky assets. The US commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.1 million barrels from the previous week. At 430.8 million barrels, US crude oil inventories are still down […]
Anupam Rasayan India announced that with respect to the fire incident at its plant in Sachin GIDC, the Gujarat Pollution Control Board (GPCB) has issued directions for closure of the plant. Further, the company has been directed by GPCB for payment of Rs 1 crore as an interim environmental damage compensation. Powered by Capital Market – Live News
The board of the stainless steel major approved raising Rs 99 crore by issuing non-convertible debentures (NCDs).

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