Menthol oil yesterday rose 0.36 percent to 883.1 on little demand after prices fell due to an increase in supplies of fresh harvests. Since harvesting activities have taken up, supplies have grown in Uttar Pradesh and Bihar. Growing yield boosted by excellent weather has improved production expectations. Additionally, rumors of a decline in menthol exports…
Coal India reported a profit for the first quarter of its fiscal year of Rs 7,941.40 crore, above expectations despite a 10.1% decrease from the same quarter last year’s profit of Rs 8,834.22 crore. Higher costs have a negative impact on the company’s profit. It reported operating revenue of Rs 35,983.21 crore, an increase of…
Jeera yesterday decreased by -1.38% to 62245 as a result of profit-taking after prices increased owing to a restricted supply brought on by the wet weather. However, the domestic and foreign demand for cumin is now weak. Gujarat, Rajasthan, and other regions have seen disruptions in the cumin industry as a result of excessive rains…
As the dollar became stronger and fresh information heightened worries about China’s economic recovery, copper yesterday saw a 1.1% decline to settle at 729.35, threatening the outlook for base metal demand. While year-to-date copper imports fell by 10.7% to represent a steep decline in demand for industrial inputs, both Chinese imports and exports decreased more…
On Tuesday, Tata Power announced an investment of Rs 13,000 crore for the construction of two pumped hydro storage projects (PSPs) in Maharashtra. The business stated that the two projects will have a combined capacity of 2,800 MW without providing a timetable for the expenditure. A corporate statement defining a PSP stated that during periods…
Due to the rebound in the dollar index and a drop in Asian rivals, the Indian rupee is anticipated to open weaker on Tuesday. The rupee is expected to open Monday at approximately 82.85 to the dollar, down from 82.7425 on Monday, according to non-deliverable forwards. Following the release of the U.S. jobs report, the…
With temperatures expected to stay above average until mid-August, there will continue to be a significant demand for air cooling, particularly in Texas. Nat. Gas yesterday settled up 7.1% at 227.2. The average gas production in the Lower 48 States of the United States has remained at 101.8 billion cubic feet per day (bcfd) so…
After traders processed Friday’s jobs news, the U.S. dollar and Treasury yields rose. This week’s U.S. inflation data will now be the focus, and gold yesterday finished down -0.18% at 59420. According to reports, the U.S. economy added fewer jobs than anticipated in July, but strong pay growth and a drop in the unemployment rate…
In the week ending July 28, foreign exchange reserves decreased by $3.2 billion to $603.9 billion, according to the most recent information from the Reserve Bank of India (RBI). After reaching their greatest level in more than a year during the week ending July 14, reserves have decreased for the second consecutive week. In an…
Jeera prices yesterday increased by 1.32% to 63400 due to a limited supply brought on by the wet weather. However, the domestic and foreign demand for cumin is now weak. Gujarat, Rajasthan, and other regions have seen disruptions in the cumin industry as a result of excessive rains having an impact on cumin quality. The…
