SEBI approves NTPC Green Energy’s Rs 10,000 cr IPO.
The Securities and Exchange Board of India (SEBI) has approved NTPC Green Energy, the company’s renewable energy business, to move on with its eagerly awaited initial public offering (IPO). The company intends to raise Rs 10,000 crore through the issuance, having first submitted its draft documents to SEBI on September 18, 2024. The IPO will…
Due to weak demand and payment constraints, cotton prices fell.
Cotton candy prices fell by 0.44% due to sluggish demand and payment challenges in the yarn market. The USDA lowered India’s 2024-25 season cotton production estimate to 30.72 million bales due to crop damage and pest issues. Global cotton production is projected to increase by over 200,000 bales, driven by China, Brazil, and Argentina. India’s…
US Economy Data Boosts Gold Prices
Gold prices rose 0.04% to close at 78,566 as investors weighed US economic strength and looked ahead to a set of US economic data that could influence the Federal Reserve’s rate decisions. With key employment and inflation data and the US presidential election approaching, market participants are clarifying the Fed’s rate stance. The latest data…
33 MT of sugar were produced in 2024–2025.
According to the food ministry, 33 million tons (MT) of sugar will be produced during the 2024–25 sugar season (October–September). This amount would be sufficient to meet 29 MT of domestic consumption each year as well as the 4.5 MT needed to produce ethanol. 5.76 million hectares of sugarcane were sown during the current Kharif…
A cyclical low for the cement industry
A slight recovery is anticipated in the second half of FY25 as the cement industry navigates through a cyclical trough. The demand is undoubtedly slowing down after a strong expansion in FY22 and FY24. Cement consumption in India has historically increased at about 6% in tandem with GDP development. Nonetheless, over the last three years,…
Prices for aluminium increased, helped by a tightening market for alumina
Aluminium prices rose by 0.72% to 243.6 due to concerns over alumina shortages, triggered by Guinea’s suspension of bauxite exports. Large future positions were indicated in London Metal Exchange data, with over 40% open interest for December buys and 30-39% for January sales. Goldman Sachs raised its 2025 aluminium price forecast to $2,700 per ton,…
Oil prices fell 4% after Israeli attack on Iran
Oil prices fell sharply in early Asian trade on Monday, easing fears of a Middle East war after an Israeli strike against Iran eased fears of a Middle East war that ended the weekend lower than feared. Brent oil futures, due in December, fell 4.1% to $72.97 a barrel, while West Texas Intermediate crude futures…
L&T receives an important order for the Global Nuclear Fusion Project to use advanced welding technology.
On Friday, Larsen and Toubro (L&T) declared that it had secured a new, substantial order from the ITER Organization, an intergovernmental body based in France, for the deployment of vital advanced technologies for the assembly of ports and complex parts with the Vacuum Vessel at the largest nuclear fusion project in the world, located in…
The flash PMI slightly increases in October.
Despite improving demand patterns, the nation’s industrial and service sectors improved in October compared to September. According to a statement from S&P Global, the HSBC Flash India PMI increased from 58.3 a month earlier to 58.6 in October. A significant increase in manufacturing was the main driver of the activity rebound. Following an eight-month low…
In Unjha, Jeera prices decrease as daily arrivals rise to 15,000–16,000 bags
Jeera prices dropped by 0.54% at 25,015, driven by increased cumin arrivals in key markets like Unjha. Farmers hold 35% of the current season’s stock, with carryover stock expected to be around 20 lakh bags for the new season. However, there is optimism for improvement in cumin exports post-Diwali, with 15,000 to 17,000 tons expected…
