News Overview

The last one year can be broadly classified into 3 phases. In the first phase between Mar-21 and May-21, IIP growth represented the classic outlier effect due to an inordinately low base effect. The period from Jun-21 to Aug-21 represented a period of sustained normalization as base effect normalized and growth was based on merit. IIP from Sep-21 onwards was more of normalized long term IIP growth.

COMEX Copper eased after hitting all-time highs above $5 per pound last week but is witnessing steady moves amid tight inventories and firm Chinese demand. Chinas unwrought copper imports jumped 9.6% during the first two months of 2022 compared with the same period a year earlier, customs data showed on Monday. Arrivals of unwrought copper and copper products into top consumer China were 969,000 tonnes […]

WTI Crude hit 14 year high of $130 per barrel in last week. The break above $100 per barrel in oil is turning into a wild rally as there is no clarity over how and when the Ukraine war will end and the concerns over the Russian oil flows will ebb. United States President Joe Biden has imposed an immediate ban on Russian oil and […]

COMEX Gold futures hit a fresh high above $2000 per ounce amid sustained buying support as the war between Ukraine and Russia continued to pose worries to global risk aversion and equity indices tanked around the globe. Fund buying stayed in place for the metal despite soaring prices. The World Gold Council (WGC) stated in a latest update that global gold ETFs drew net inflows […]

Sun TV Network announced that the Board of Directors of the Company at its meeting held on 07 March 2022 has recommended a Interim dividend of Rs5 per share ie100Percentage subject to the approval of the shareholders

DCW announced that an Extra Ordinary General Meeting EGM of the Company will be held on 30 March 2022

Gujarat Industries Power Co announced the appointment of Mukesh Puri as Nominee Director and Chairman vice Sunaina Tomar

ISGEC Heavy Engineering has received a prestigious order from Shree Cement for Cement Waste Heat Recovery Boilers for their 38 MTPA clinker capacity integrated Cement Plant at Nawalgarh District Jhunjhunu Rajasthan The scope of work includes designing manufacturing and supplying of PH Boiler in the Pre Heater exhaust and AQC Boiler in the Cooler exhaust

Hil announced that KR Veerappan Chief Financial Officer and Key Managerial Personnel of the company has tendered his resignation with effect from 10 March 2022

Polyplex Corporation has received affirmation in credit ratings from India Ratings and Research as under Long term loans Rs 5625 crore – IND AA- Positive rating affirmed outlook revised to Positive from Stable Fund based working capital limits Rs 2220 crore- IND AA- Positive IND A1 rating affirmed outlook revised to Positive from Stable Non fund based working capital limits Rs 30 crore – IND […]