News Overview

The Board has approved the allotment of 13,00, 989 equity shares of the Company of face value of Rs.2/- each at a premium of Rs.20.26/- per share to Desai.

The company has plans to utilize the right issue proceeds for working capital requirement & other corporate general business purposes.

The company has incorporated a wholly owned subsidiary by the name Century Ports in Kolkata on 20 April 2022.

This facility is a state-of-the art automated manufacturing unit with the highest standards of sustainability.

The US National Association of Realtors released a report on Wednesday showing existing home sales saw further downside in the month of March. NAR said existing home sales slumped by 2.7 percent to an annual rate of 5.77 million in March after plunging by 8.6 percent to a downwardly revised rate of 5.93 million in February. With the continued decrease, existing home sales continued to […]

Net Profit Margins improved following debt repayments made by the company.

The Indian Rupee bounded as a drop in crude oil worked in favor of the INR. The INR gained 29 paise to 76.21 per US dollar. The benchmark indices closed with major gains on Wednesday, breaching five-day losing streak. The barometers had fallen nearly 5% in five trading sessions since 8 April 2022. Auto, oil & gas and IT scrips boosted the market while bank […]

The US Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 15. This compared with an inventory increase of 9.4 million barrels for the previous week. At 413.7 million barrels, the EIA said, inventories were 15 percent below the five-year average for this time of the year. The EIA reported an inventory draw of 800,000 barrels […]

Copper stayed under pressure on global economic growth worries, testing around $4.60 per pound though advanced in DOW capped losses. The Dow added to the strong gain posted on Tuesday and pushed up Copper from intraday lows. The red metal currently trades flat at $4.65 per pound. With the downward revision in global economic growth estimates, the near term outlook seems to have gotten affected […]

COMEX Gold futures slipped to a one week low of $1940 per ounce in last session amid continued recovery in US equities. However, some weakness in the US dollar index capped losses and the metal currently quotes at 1955 per ounce, almost unchanged on the day. The Russia-Ukraine war continues to offer good support to Gold though worries over retail demand in India stay in […]