The 400 MW deal, which was signed by Suzlon Group on Thursday, comes from JSP Green Wind 1 Pvt Ltd, a division of Jindal Renewables Power Private Limited. The milestone order, according to the company, is the biggest Commercial & Industrial (C&I) gain in the sector. Suzlon’s cumulative order book currently stands at around 5.4…
For the seventh straight trading session on Tuesday, foreign portfolio investors (FPIs) kept selling Indian stocks, taking out an extra Rs 5,729 crore. With the largest single-day selloff on October 4, when FPIs offloaded Rs 15,506 crore, data shows that the cumulative outflow by FPIs over the previous seven days has reached Rs 55,742 crore….
Cotton candy prices rose by 0.11% at 56,810, driven by the USDA’s revision of India’s cotton production forecast for the 2024-25 season to 30.72 million bales, down from previous estimates due to crop damage and pest issues. However, the upside movement remains limited due to moderate demand and weak export activity, especially in key markets…
A “substantial majority” of US Federal Reserve officials supported a half-point rate cut during the September meeting to ease inflation and economic concerns. However, some officials favored a smaller quarter-point cut, indicating a cautious stance. The minutes revealed that while there was broad support for the half-point cut, it was not seen as a commitment…
With the Reserve Bank of India’s (RBI) monetary policy meeting in progress and Governor Shaktikanta Das scheduled to declare the benchmark interest rate decision on October 9, analysts predict that the MPC will maintain the repo rate at 6.50 percent. The MPC is anticipated to consider some significant variables, such as the persistence of inflationary…
Turmeric prices fell by -2.32% to 13,370 due to lower demand and rising arrivals. However, concerns over crop damage and low supply could push prices higher in the coming weeks. Increased sowing may cap further price gains, and dry weather in Indonesia has accelerated harvesting, adding pressure on prices. Rising acreage and low export demand…
Strong gold demand across markets propelled Kerala-based jewelry retailer Kalyan Jewellers’ double-digit revenue and same-store sales growth in the September quarter (Q2FY25). The news comes after competitor Titan revealed a 25% year-over-year increase in domestic operations for the second quarter, following a comparatively weak June quarter. Kalyan Jewellers announced on Monday that its September quarter…
The Securities and Exchange Board of India (SEBI) has granted National Securities Depository Ltd (NSDL) approval for its impending first public offering (IPO). NSDL is a major player in the Indian capital markets, handling most securities stored and settled in dematerialized form. The National Stock Exchange (NSE) will be one of the primary sellers in…
Zinc prices rose by 0.14% to 288.2 due to China’s economic stimulus measures, including liquidity injections, mortgage rate cuts, and easing home purchase restrictions. The central bank announced plans to reduce mortgage rates for existing home loans before October 31. However, zinc inventories in warehouses monitored by the Shanghai Futures Exchange dropped to 79,980 metric…
Silver fell -1.06% to 92,357, as strong US labor market data eased the prospect of aggressive rate cuts by the Federal Reserve. The U.S. Labor Department said the economy added 254,000 jobs in September, significantly beating expectations, while the unemployment rate fell to 4.1% from 4.2%. These strong jobs dampened market expectations for more monetary…
