The dollar fell as a result of lower-than-expected inflation in the U.S., and the rupee strengthened by 100 paise to settle at 80.81 versus it. The widest opening disparity in over a decade was 110 paise greater than 80.71 when the currency was introduced. Before finishing at 80.81, 100 paise higher, according to Reuters, it…
Due to an early start in Rajasthan and Uttar Pradesh, wheat sowing has increased by 10% as of Friday during the current rabi season. By the end of the month, the area under the cereal crop will show how much wheat will be produced, as planting in December would certainly damage the crop yield if…
Millions of public shareholders in listed companies that go through the Corporate Insolvency Resolution Process are being protected, according to market regulator SEBI (CIRP). The CIRP has so far mainly served the interests of banks and significant creditors, with shareholders losing control of a company the moment it entered the debt restructuring process and the…
Oil prices increased on Friday as softer-than-expected U.S. inflation data raised expectations of more gradual Federal Reserve interest rate increases, but worries about slowing economic growth and a rise in COVID in China kept oil trade negative for the week. After U.S. equity markets rallied, crude markets followed suit. A series of swift interest rate…
In the current marketing year through August, the US Department of Agriculture (USDA) predicted a higher global production of oilseeds, but the prognosis of a 10.5 percent decline in sunflower seed in light of the Ukraine War may be cause for concern. According to the USDA, global production will total 645.61 million tonnes (mt), up…
The instructions that will encourage rupee settlement in international trade were announced by the commerce ministry on Wednesday. According to trade analysts, in some situations, it will allow exporters to receive the benefits stated by the foreign trade policy even if the export realization is in the domestic currency instead of the dollar. The Directorate…
Even though demand remained on the lower side due to the festival season, steel mills managed to maintain stable domestic prices in November. Mills are still having a difficult time in the export market due to a decrease in orders in important markets, even at $570 per tonne. Because of pressures from the global crisis…
Companies involved in solar energy have expressed shock at the government’s sudden removal of solar from “project import regulations,” which gave products intended for projects with discounted customs tariffs. In accordance with its previously stated aim, the Center introduced basic customs duties of 40% (plus a 10% social welfare surcharge) on imported solar modules and…
On the strength of an increase in spending for the expansion of coal evacuation infrastructure, Coal India Ltd (CIL) reported a 33 percent increase in Capex at 7,027 crores for the first half of the current financial year compared to 5,300 crores in the same period last year. The two infrastructure components for coal evacuation,…
On Tuesday, the largest US private equity firm KKR announced that it has signed contracts to invest $400 million (about Rs 3,262 crore) in Serentica Renewables, a group company owned by billionaire Anil Agarwal that aims to offer clean energy solutions. Agarwal’s Twinstar Overseas, which also holds a majority position in Sterlite Power Transmission and…
