News Overview

Ministry of Coal stated in a latest update that the entire demand of coal is not met from domestic production as the supply of high quality coal / coking coal (low-ash-coal) in the country is limited and thus no option is left but to resort to import of coking coal. Further, coal imported by power plants designed on imported coal and high grade coal required […]

Indsil Hydro Global (FZE), Sharjah- a wholly owned subsidiary of the company has been permanently closed down.

The company has received first trial order for 900 Chimneys from Flipkartlndia Private Limited.

The funds under the said market borrowing programme will be raised from time to time during the financial year 2022-23.

In T Group

The Indian rupee slumped 31 paise to close at 76.15 (provisional) against the US dollar on Monday as rising crude oil prices and a lacklustre trend in domestic equities weighed on investor sentiment. At the interbank foreign exchange market, the rupee opened at 76.08 against the American currency, then lost further ground on broad US dollar strength. The WTI Crude oil futures have scaled up […]

Large energy speculators continued to cut their net long positions in the WTI Crude Oil futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of WTI Crude Oil futures, traded by large speculators and hedge funds, totaled a net position of 341815 contracts in the data reported through week ended March 15 2022. This was a weekly […]

COMEX Copper pulled back, sliding from its two week high as worries over Russia-Ukraine war weighed on the commodity. Firm US dollar also capped the advances of the metal and the COMEX Copper futures are currently trading at $4.70 per pound, almost unchanged on the day. The meta fell around 1.5% in intraday moves in last session. MCX Copper futures closed at Rs 815 per […]

Large precious metals speculators cut their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 52297 net contracts in the data reported through week ended March 15 2022. This was a fall of 743 net contracts […]

The US Federal Reserve Chair Jerome Powell noted in a speech that the central bank might raise interest rates more aggressively if inflation remains too high. We will take the necessary steps to ensure a return to price stability, Powell said in remarks to the National Association for Business Economics. In particular, if we conclude that it is appropriate to move more aggressively by raising […]