Crude oil prices down by 5% in volatile trading on Tuesday as investors weighed demand concerns against tight international supplies after Libya halted some exports and as factories in Shanghai prepared to reopen following a Covid-19 shutdown. Growing fears of a U.S. recession as the Federal Reserve tries to beat inflation with some of the…
Inflation based on Wholesale Price Index (WPI) increased to a four month high of 14.55 % in March, mirroring a broad-based spike in global commodity prices, especially oil in the wake of the Russia-Ukraine crisis, showed official data released on Monday. There was some softening in food articles month-on-month led by vegetables and pulses, though…
Sugar mills across the country have produced 329.91 lakh tonnes of sugar till April 15, which is higher than 291.82 lakh tonnes produced in past year, said, the Indian Sugar Mills Association (ISMA). Compared with 170 mills that were crushing sugarcane in April last year, This year it was increased up to 305 mills for…
Hinduja group flagship Ashok Leyland has signed an agreement with Mahindra First Choice Wheels (MFCW), a leading player in the used vehicle segment, to launch an exclusive hybrid ecosystem for it’s used Commercial Vehicle (CV) business. This Phygital platform will facilitate exchange, proper disposal and purchase of old Commercial Vehicles. With an entry into this…
At Foreign exchange, the rupee opened on a muted note at 76.41 against the US dollar, then fell and touched an early low of 76.43 in initial deals, registering a fall of 24 paise over its previous close. On Wednesday, the rupee was down by 4 paise closed at 76.19 against the US dollar. Meanwhile,…
Gold prices high on April 18 in the global markets to their peak levels since mid-March, as the Russia-Ukraine crisis soured risk sentiment and drove investors to the safe-haven bullion. Gold futures on MCX jumped 0.73% or Rs 286 to Rs 53,378 per 10 grams. Silver futures also jumped 1.31% or Rs 901 at Rs…
BlackRock the largest asset manger in the world, entered into a binding agreement to invest ₹4,000 cr in Tata Power’s renewable energy, joining hands with Mubadala Investment Company to help Tata Power arm achieve a portfolio of 20 GW of renewable assets. The Tata Power board has approved a plan to bring all it’s renewable…
Indonesia has lifted the suspension on agricultural products from India from March 25 with immediate effect, which is major relief to Indian exporters. Jakarta had suspended agricultural imports such as wheat, sugar, rice and maize from India after the latter failed to register its food safety testing laboratories, which issue Certificate of Analysis (COA), before…
The Solvent Extractors Association of India (SEA) hopes that Sunflower oil imports may fall to 80,000 tonnes in April as against 212,000 tonnes in last month. “India had imported nearly 127,000 tonnes of sunflower oil from Ukraine, 73,500 tonnes from Russia and 11,900 tonnes from Argentina. These Consignments had left for India before the conflict…
March month Two-wheeler sales down by 21% year-on-year (y-o-y) to 11,84,210 units, while it was 14,96,806 units in corresponding month last year, and fiscal year (FY) wise, 2021-22 was the lowest in last ten years. On fiscal year basis, sales of two wheelers down 11% to 1,34,66,412 units in 2021-22 and it was 1,51,20,783 units…
