News Overview

Shyam Metalics and Energy advanced 3.23% to Rs 318.30 after the company said that the board has approved setting up of further capacities at its integrated units in Sambalpur and its material subsidiarys plant at Jamuria.

The Company, in association with Matrix Boilers has commenced the operations of Boiler division.

Notably, HAL is the unlisted and Holding Company of SEAMEC Limited.

The Indian rupee is expected to stay cautious against the dollar on Wednesday, 16 March 2022 ahead of the FOMC March meeting. Dollar off its overnight highs and easing crude oil prices could lend some support to the local unit although sustained foreign fund outflows may weigh down the local unit. On Tuesday, rupee settled 6 paise down at 76.60 against the dollar as investors […]

OPEC noted in a monthly report that world oil demand growth in 2021 is revised up by 0.05 mb/d, reflecting the actual data across the regions, to now stand at 5.7 mb/d. The 4Q21 figure for all OECD region is revised higher, as a result of the better performance. The OECD in 2021 increased by 2.7 mb/d, while the non-OECD showed growth of 3.1 mb/d. […]

COMEX Copper cut losses from a two week low as firm US equities and supportive Chinese economic cues supported the metal. The US equities surged on bargain buying with DOW soaring 1.8% on the day. The Nasdaq jumped 2.9%, bouncing from its one year low. Chinas industrial production rose by 7.5% on year in January-February 2022 combined, quickening from a 4.3% gain in the prior […]

Feb-22 also marked the 29th month in succession that retail inflation stayed above RBI median target of 4%.

Punjab National Bank has reported borrowal fraud of Rs 2060.14 crore in NPA account of IL&FS Tamil Nadu Power Co. at Extra Large Corporate Branch at Delhi, Zonal Office: Delhi. The Bank has already made provisions amounting to Rs 824.06 crore as per prescribed prudential norms. Powered by Capital Market – Live News

Dredging Corporation of India on 17 March 2022 will sign a contract with Cochin Shipyard (Cochin) for construction of 12,000 cubic meter hopper capacity trailer suction hopper dredger for euro 104 million under Make in India program.

Nitin Gadkari said along with ethanol, methanol, bio diesel, bio CNG and electric Green hydrogen is the fuel for the future.