In a monthly report, “World oil demand would rise by 3.67million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast” said Organization of the Petroleum Exporting Countries (OPEC). On Tuesday OPEC cuts the forecast for growth in world oil demand in 2022 citing the impact of Russia’s invasion of Ukraine, high…
On the Multi-Commodity Exchange (MCX), gold contracts were down by 0.01 percent, trading at Rs 52,871 for 10 grams, while silver goes up 0.23 percent at Rs 68,945 a kilogram. Today Gold prices were flat in the International markets, after gaining 1% in the last trading session, as Treasury yields eased after U.S. inflation data and concerns…
Cement prices witnessed a Rs 15-17 per bag increase from Jan to Feb at all India level and the peak price was Rs 390 per bag. In march the price fell marginally (Rs 3) and per bag sold at Rs 387, on the back of volume push by companies to meet year end targets. In…
Bagadia Brothers offer wheat at $399.69, which is lower than previous two tenders. The bid is around seven dollars lower than the previous tender. An Indian exporter makes the lowest bid on Bangladesh’s latest tender to import 50,000 tonnes of wheat. Swiss Singapore Overseas made the second lowest bid at $399.69 a tonne and Intra…
The Mumbai based company said, it is open to having partnerships in both of its subsidiaries that make electric vehicles and regular engine powered cars and SUVs, Tata Motors recorded a defying growth last year in the segments that both the subsidiaries operate in, wants to stay ahead of the curve, as its rivals prepare…
The prices of petrol-diesel have not increased today. In the last five days, there is no change in the price of petrol in major cities. Petrol prices in Delhi are at an all-time high of Rs 105.41 per litre, while in Mumbai it costs Rs 120.51 per litre. In other parts of the country, petrol price…
This week Nifty50 gained 113 points closed at 17,784. BSE Sensex up 170 points closed at 59,447. HDFC-HDFC Bank merger announcement, Fed’s interest rate hike, RBI Monetary policy makes the market highly volatile and the benchmark indices closed marginally higher in the first week of April. Small-cap Index: Top Gainers: Swan Energy, Shree Renuka Sugars,…
Friday, Indian rupee raised 13 paise to 75.90 against the US dollar. It was opened at 75.99 against the US dollar and touched an intraday high of 75.70, finally closed at 75.90, registered a rise of 13 paise over its previous close. On Thursday, the rupee had declined 19 paise, closed at 76.03. “Indian economy…
Brazil and Thailand, the world’s two largest sugar exporters, have been hit harder than last year by climate change. It is expected to reduce production by 7-8 metric tons per capita. Indian exporters It is likely to get better opportunities in the export markets this year. Petrol consumption in India is increasing at a compound…
