News Overview

The Indian Rupee is expected to see good gains, adding to its recent wave of strength as the US dollar index has slumped to one and half month low under 110 mark. The INR ended around 81.90 per US dollar in last session. The equity benchmark indices rose for the second session in a row on Monday, supported by strength in banks, metal and auto […]

A fresh issue of equity shares with a maximum value of Rs 805 crore and an offer-for-sale (OFS) of up to 1.61 crore shares by the promoter and investors, including the India Resurgence Fund, a partnership between Piramal Group and Bain Capital, make up the initial public offering (IPO)

COMEX Copper stayed well supported, breaking above $3.60 per pound yesterday amid firm US equities. The US Stocks showed a strong move to the upside despite lack of major economic cues. The Dow jumped 333.83 points or 1.0 percent to 33,160.83, ending the session at its best closing level in well over two months. The Nasdaq also climbed 51.68 points or 0.5 percent to 10,616.20, […]

With immediate effect

The US Energy Information Administration (EIA) has cut its world oil demand growth forecast for next year. The EIA has cut its 2023 world oil demand growth forecast by 320,000 barrels per day, to 1.16 million bpd, while raising 2022 oil demand growth by 140,000 bpd, to 2.6 million bpd, according to its Short-Term Energy Outlook published on Tuesday. The EIA now expects global oil […]

India hopes to reach an agreement for the supply of 1 million tonnes of potash fertilizer

COMEX Gold futures soared yesterday, adding more than 2% and breaking above $1700 per ounce as the uncertainty posed by the US midterm election boosted the metal. The break above $1700 mark is also likely to turn critical now as the metal consolidates around a one month high of $1713 per ounce. The US dollar index fell to near one and half month low under […]

The company said in a statement: "Model Economic Township Limited (MET City), a wholly owned subsidiary of Reliance Industries Limited (RIL), is creating a world-class Greenfield Smart City near Gurugram, Haryana.

The company will benefit from cheaper borrowing costs thanks to the five-year rupee green loan facility because the money will mostly be used to pay off an existing offshore loan ahead of time.

With immediate effect