As the demand picture worsens and the global economy experiences issues as a result of rising interest rates, analysts who follow commodities predict that metal prices will likely be under pressure for the remainder of the year. A further drag on metal prices, which have been falling over the past few weeks, is China’s efforts…
The Minimum Support Price (MSP) for wheat has been set by the Central Government at Rs. 2,125 per quintal, an increase of 5.5% from the previous year. Even though the new MSP is more than the typical amount farmers earned during the height of the previous season, it is still less than the going prices….
As players avoided making significant changes ahead of a crucial U.S. inflation number that might affect the magnitude of the Federal Reserve’s next interest rate hike, gold prices were stable on Thursday in foreign markets. Spot gold was unchanged at $1,672.79 per ounce. At $1,679.80, U.S. gold futures were up 0.1%. On the Multi-Commodity Exchange…
The domestic sales of three-wheelers increased the most in September of the current fiscal year. A total of 50,626 units were sold domestically in September, up from 29,191 units in the same month the previous year, according to figures from the Society of Indian Automobile Manufacturers (SIAM). The data showed that between April and September,…
According to a new report, the majority of multinational corporations (MNCs) view India as an alluring investment destination for their global expansion, which will lead to foreign direct investment (FDI) of $475 billion in the next five years as a result of India’s focus on reforms and economic growth. The optimism is driven by both…
Amidst weaker-than-expected economic statistics from India, the rupee fell last week to a new record low and reached 82.85. While factory output fell for the first time in 18 months, higher food costs caused retail inflation to reach a five-month high of 7.4%. The U.S. core consumer price index jumped 6.6% from a year ago,…
As diesel inventories decreased and oil prices reversed previous losses, they gradually increased in Asian trade on Friday. Saudi Arabia and Washington, however, continued to disagree over OPEC+’s intentions to reduce output. By 0242 GMT, Brent crude futures had increased by 29 cents, or 0.3%, to $94.86 per barrel, while U.S. West Texas Intermediate (WTI)…
Retail food inflation increased significantly in September from 7.6% to 8.6%, primarily due to increases in the cost of vegetables and cereals. As a result, overall inflation as measured by the consumer price index increased to 7.4% on an annual basis in September from 7% in August. Due to a surge in the price of…
Infosys exceeded market expectations by reporting a net profit increase of 11.1% year over year for the quarter that ended September 30 at Rs. 6,021 crores. Sequentially, profits increased 12.3% over the previous quarter’s Rs.5,360 crores. The large IT company disclosed a share buyback for Rs.9,300 crore. Operations’ revenue reached Rs.36,538 crores, up 23.4% year…
As a result of strong manufacturing activity and rising consumer confidence, India’s crude oil demand is anticipated to increase by 8% sequentially to 5.35 million barrels per day (mb/d) from October through December 2022. The demand for oil in India is predicted to increase by 1.1% quarterly to 5.41 mb/d between January and March of…
