COMEX Copper lost heavily last week, tanking near 20 month lows under $3.20 per pound as global equities turned lower amid a sharp spike in the US dollar index and generally muted risk appetite in world markets. The broad global demand concerns continue to weigh on the red metal. The International Monetary Fund warned that avoiding recession in the United States will be increasingly challenging […]
Crude oil saw a mild recovery following a slump led by energy demand concerns. WTI oil futures for August tanked near $94 per barrel as rising crude and gasoline stockpiles and global inflation risks further added to demand woes. Fresh Covid-related curbs in several parts of China and the dollars sharp uptick also weighed on oil prices. The growing outbreak in the region has fuelled […]
Gold fell near its lowest level in almost a year. The yellow metal also faced pressure from a firm dollar overseas but some downside support emerged as investors clung to the safe haven asset amid rising prices and heightened recession risks. The yellow metal is lingering around $1700 per ounce. Indian demand remains muted amid heavy rainfall across the country and a busy sowing season […]
The cable TV distribution company reported a 68.8% decline in consolidated net profit to Rs 12.83 crore on 6.5% fall in net sales to Rs 283.36 crore in Q1 FY23 over Q1 FY22.

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