Gold prices down on Friday in global markets and looked set to fall for a third straight week, weighed down by a robust dollar and rising yields, while investors await the U.S. jobs report to evaluate its impact on monetary policy. Spot gold fell 0.4% to $1,869.26 per ounce, while U.S. gold futures down by…
Burning heat wave conditions in many North Indian consuming markets has taken a charge on pepper demand with its prices remaining steady for the past 23 weeks with marginal changes. Prices of clean varieties are now ruling at ₹515-520 per kg, while that of distorted varieties at ₹535-540. Traders pointed out that the demand was…
The Monetary Policy Committee (MPC) on Wednesday collectively voted to increase the policy repo rate by 40 basis points from 4% to 4.40% with an immediate effect, in a clear indication that inflation may be curving to higher levels than expected. The move came a few hours ahead of the Federal Reserve’s rate decision on…
Crude oil down by more than one per cent on Tuesday as concerns about demand due to China’s extended Covid lockdowns outweighed support from a possible European oil bans on Russia over its actions in Ukraine. Beijing, reporting dozens of new cases daily, is mass testing citizens to prevent a lockdown similar to Shanghai’s over…
The rupee gained 8 paise to 76.40 against the U.S. dollar in early trade on Wednesday in expectation of foreign fund inflows through LIC IPO. At the interbank foreign exchange, the rupee opened at 76.46 against the U.S. dollar, then gained further ground to price at 76.40, registering a rise of 8 paise from the…
The two-wheeler industry is noticing a turnaround in sales after months of poor performance unsettled to multiple factors, including limited demand from rural areas. A major reason of the better numbers is the low base as markets started reopening after the pandemic subsided, said Industry Analysts. Two-wheeler market leader Hero Moto Corp witnessed growth in…
Turmeric prices are down by nearly ₹500 for a quintal for finger and bulb varieties over the last fortnight, while the fall has been high in the case of premium Rajapuri varieties grown in Maharashtra due to less domestic demand. “Prices have dropped over the last 10 days as demand has slowed. The trade is…
The government’s procurement of chana (gram), which has a share of more than 48% in the country’s pulses production, has crossed 1 million tonne (MT) in the this Rabi season (2022-23) so far compared to just 0.3 MT in the same period past year. This is due to the heavy harvest which has pulled down…
Tata motors looking forward to aggressively boost up annual production of Electric Vehicles(EVs) to more than 80,000 units in this financial year, sources with knowledge of the matter told Reuters. That compares with the 19,000 Electric Vehicles it built and sold in the past financial year. Tata, the country’s largest automaker, last year announced aims…
In Hyper local mobility segment, TVS motor Company on Wednesday signed an MoU with bike-taxi platform Rapido. Under the agreement the two companies will look to cooperate on supporting teamwork of their respective businesses in the fast moving mobility space in India. The comprehensive partnership will cover both two and three wheeler vehicles, particularly from…
