The RBI Governor says that a rate drop will increase private consumption and investment.
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
Sugar production was slightly lower than the previous year at 25.59 MT.
With only a few weeks remaining in the harvest season, mills’ sugar production for the current 2024–25 season (October–September) has topped 25.59 million tonne (MT). According to the Indian Sugar & Bio-Energy Manufacturers Association (ISMA), the production of sweeteners for the entire season is expected to be about 26.4 million tonne MT, excluding 3.5 MT…
Cotton prices rose on a decline in domestic crops
Cotton candy sales rose by 0.15% on expectations of lower local supplies. The Cotton Association of India (CAI) has cut its domestic crop estimate for 2024–25 by 4 lakh bales to 291.30 lakh bales (170 kg each) due to lower Maharashtra production. With imports at 25 lakh bales, the total supply of cotton, including opening…
Suzlon Energy has a total of 1,544 MW of wind projects, including a 378 MW order from NTPC Green Energy.
With the recent award win of a 378 MW wind energy project, Suzlon Energy Ltd. announced on Wednesday that it has expanded its largest partnership with NTPC Green Energy Ltd (NGEL) to 1,544 MW. The company claimed in a regulatory filing that the victory reaffirms Suzlon’s unchallenged market leadership and dedication to long-term, significant growth….
Cotton prices rose as CAI expects a smaller domestic crop
Cottoncandy prices rose by 0.15% to ₹55,110 due to a downward revision in domestic crop estimates by the Cotton Association of India (CAI). CAI has reduced its 2024-25 production forecast by 4 lakh bales to 291.30 lakh bales of 170 kg each, mainly due to lower yields in Maharashtra. Total cotton supply up to March-end…
Preview of the auto sector for Q4: Tractors and two-wheel vehicles expected to perform well
The earnings season for the fiscal fourth quarter has begun, with major IT services companies already announcing their Q4 results. This week, the auto sector will start reporting its figures. On April 25 (Friday), Maruti Suzuki India is set to release its Q4FY25 figures. Brokerage firms indicate that volume growth in Q4 will likely be…
Turmeric prices fall due to speculative rally
Turmeric prices fell by 1.07% due to reduced buying interest due to speculative rally in the last week. Although the area has increased by 10% to 3.30 lakh hectares this season compared to the previous 3 lakh hectares, it is predicted that if the rains do not come on time, it will hamper a significant…
In less than three years, the gold rate doubles as the price of gold soars to Rs 1 lakh
In 2025, the price of gold is on a record-breaking upward trend, rising 23% this year and reaching new all-time highs. In the past year, gold has increased by 50%. The price of gold has doubled in less than two years and six months, and it has increased by 100% in less than three years….
Cement demand is expected to increase by 6.5-7.5% this fiscal year, while prices could increase by 2-4%.
According to a survey by Crisil Intelligence, the cement sector is anticipated to see a demand growth of 6.5–7.5% this fiscal year. It also stated that this will be fueled by a roughly 10% increase in funding for ministries responsible for essential infrastructure and the hope that an above-average monsoon will increase agricultural profitability, which…
HDFC Bank is the third Indian company to reach a market valuation of Rs 15 lakh billion.
On April 22, HDFC Bank’s stock reached the Rs 15 lakh crore milestone, making it the third Indian corporation to do so. Before HDFC Bank, only Tata Consultancy Services and Reliance Industries had accomplished this feat. Following the results of the March quarter, HDFC Bank’s stock has been increasing. The standalone profit of HDFC Bank…
