On Wednesday, oil prices plummeted in Asian trading as disappointing Chinese trade data fueled new worries about weakening demand in the nation. Prices have now completely reversed all gains from earlier this week due to OPEC production cutbacks. In May, China’s trade surplus hit a 13-month low, primarily due to a surprising decline in exports…
In spite of a sluggish trend in domestic stocks, the rupee steadied in a small range on Tuesday to conclude the day barely 1 paisa higher at 82.62 (provisional). In anticipation of the RBI’s monetary policy announcement later this week, market participants are alert and the rupee is trading in a limited range. There is…
Suzlon Group, a producer of renewable energy solutions, declared on Monday that it has reached the landmark of 20 GW of installed wind turbine capacity worldwide.”Suzlon Group has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries, spanning six continents,” according to a statement from the firm. This solidified…
Tuesday saw a little decline in oil prices as traders gave up the majority of the gains made the previous session in the wake of Saudi Arabia’s declaration that it will further reduce the output, of the world’s largest exporter. At $76.48 a barrel, Brent crude futures were down 23 cents, or 0.3%. American West…
The majority of Asian currencies fell versus the US dollar in May due to tighter supply and haven bidding, which was a bad month for their value. Although the US government was able to suspend the debt ceiling before the anticipated June 5 X date, June got off to a somewhat better start. A fiscal…
At 76.26 million tonnes (MT) in May, domestic coal production increased year over year by 7.10%. India produced 71.21 MT of coal in the same month in 2022, according to a statement from the coal ministry. “Ministry of Coal has accomplished a remarkable feat with a significant surge in overall coal production during May 23,…
Gold yesterday increased by 0.06% to settle at 60234 as Treasury yields and the U.S. currency declined. Days before the largest economy in the world is scheduled to begin defaulting on its debt, improved risk sentiment impacted bullion as the plan to raise the debt limit and curb government spending in the U.S. was passed…
The Aditya Birla Group plans to invest Rs 1,250 crore in its financial services division, Aditya Birla Capital Ltd. According to a statement on Thursday, the board of Aditya Birla Capital Ltd. (ABCL), which engages in lending, asset management, and insurance, approved a preferential issue of Rs. 1,250 crores to its promoter and promoter group…
The price of Jeera yesterday decreased by -0.29% to 44400 as a result of profit taking due to the seasonal rise in supply. Market morale is also being kept down by the rising imports of jeera at a lower price. Due to the expected increase in the seasonal supply of jeera in Gujarat and Rajasthan,…
In response to encouraging macroeconomic statistics, the rupee rose by 33 paise to settle at 82.42 (provisional) against the US dollar on Thursday. Against the US dollar, the local unit traded in the interbank foreign exchange market with an opening price of 82.54 and ended the day at 82.42 (provisional), up 33 paise from the…
