News Overview

The rating on the short-term bank facilities has been reaffirmed at 'CRISIL A1+'.

Through subsidiary - NeoSky India

Kalpataru Power Transmission (KPTL) has received a Letter of Intent (LoI) for Power Transmission and Distribution project in international market. The LoI is for a prestigious project involving design, engineering, supply and construction of HVDC power transmission line of ~700 kms. The estimated value of the project stands at Rs.3,276 crore (USD 431 Million). The LoI is subject to fulfilment of certain conditions. The project […]

Presently, he is the head of the Department of External Investments and Operations (DEIO) in the Central office of the RBI, Mumbai.

Jindal Steel and Power (JSP) continues to post robust Steel sales in February 2022 with volumes up 8% Y-o-Y to 5.90 lakh tonnes (compared to 5.47 lakh tonnes in same period prior year). Sales would have been higher if not for limited rake availability in the eastern part of the country. Railway Rake availability issue is not yet fully resolved, hampering Companys sales efforts. JSPs […]

COMEX Copper futures extended losses after hitting an all time high above $5 per pound as possibility of some calm on the Russia-Ukraine front increased and traders booked profits after the wild run in last few days. Ukraine President Volodymyr Zelensky said he is no longer pressing for NATO membership for Ukraine, a delicate issue that was one of Russias stated reasons for launching the […]

Gold tumbled in last session. Crude oil prices saw a massive slide with WTI Crude oil siding more than 10% to approach under $110 per barrel. Copper prices have also dropped sharply after hitting record highs and equities soared following this moderation in commodity prices. The stocks surged on Wednesday led by financial and tech shares, rebounding from recent multi month lows as inflationary fears […]

The Indian rupee is expected to bounce back further against the dollar in opening trades on Thursday, 10 March 2022 as crude oil prices retreated sharply after a spike during the week. Besides, dollar is also off its recent peak, perking up the domestic currency. Easing panic on the geo- political front could also offer some support to the local unit. On Wednesday, rupee appreciated […]

NLMC will undertake monetization of surplus land and building assets of Central Public Sector Enterprises (CPSEs) and other Government agencies.

The US stock market finished session higher on Wednesday, 09 March 2022, as investors chased for undervalued stocks after suffering heavy losses in recent sessions. Meanwhile, buying momentum spirited further by pullback in crude oil prices from the peaks after reports that the United Arab Emirates will call on fellow OPEC members to boost production, potentially easing some of the supply concerns caused by sanctions […]