Jeera’s price increased due to strong export demand and forecasts of fewer stockpiles at the end of the current marketing year. Yesterday, however, prices decreased by -1.24% to 49265 as profit was booked. Prices increased as concerns about the crops grew as a result of hailstorms and unseasonal rains in Rajasthan, the main producing state….
On improving sowing expectations, mentha oil yesterday decreased by -0.4% to 921.1. Prices will be affected by news of increasing acreages and slow menthol exports. Prices will be under pressure due to rising menthol imports and China’s restricted purchase. Menthol shipments fell by 42.52 percent to 97.85 tonnes in April 2023 from 170.22 tonnes in…
The largest hydropower business in India, NHPC Ltd., is in discussions with three of the top banks in Japan about financing its growth into solar energy. According to finance director Rajendra Prasad Goyal, NHPC is in talks with Mitsubishi UFJ Financial Group Inc., Sumitomo Mitsui Financial Group Inc., and the Japan Bank for International Cooperation…
Due to strong export demand and anticipation of lower stock levels at the end of the current marketing year, jeera yesterday finished up 0.7% at 49885. Prices increased as crop worries grew as a result of Rajasthan, the state that produces the majority of the crops, experiencing unseasonal rains and hailstorms. This season, the market…
On June 15, the Indian Rupee was modestly worse versus the US Dollar, reflecting declines in Asian rivals. The rupee was trading at 82.18, down 0.1 percent from its previous close, after starting the day at 82.17. Yesterday, the Federal Reserve temporarily suspended its record-breaking run of interest rate increases, giving the economy more time…
Due to falling costs for food, gasoline, and manufactured goods, the wholesale price-based inflation rate in May decreased by (-) 3.48 percent, reaching a three-year low. The inflation rate based on the wholesale pricing index (WPI) has been negative for two months in a row. The value for April was (-) 0.92 percent. The WPI…
On Wednesday, KEC International, a company that specializes in construction engineering, announced that it had received orders totaling Rs. 1373 crore across all of its companies. KEC International Ltd., a significant global infrastructure EPC player, and RPG Group Company, announced in a regulatory filing that it has “secured new orders totaling Rs 1373 crore across…
As a result of indications that crop yields in the Maharashtra region of Marathwada have decreased due to recent rain, turmeric prices yesterday increased by 0.89% to 7912. Support was also noted because the farmers in Andhra Pradesh suffered significant losses due to the late rains that destroyed their turmeric crops. Due to the rain,…
Natural gas rose Wednesday by 3.38% to settle at 192.6, helped by increased demand and decreased supply. The demand for gas to generate electricity for air conditioning is projected to increase due to a predicted heatwave from 21 to 28 June. The domestic output is also decreasing from May’s record high of 102.5 bcfd. On…
BrightNight, a producer of renewable energy, intends to invest $1 billion in the development of 2 GW of renewable energy capacity in India over the next 4–5 years. The corporation will invest $250 million in equity. BrightNight is creating hybrid wind-solar projects that make smart use of energy storage and run continuously. The $250 million…
