Compared to the Rs 50,000 crore it spent between 2021 and 2025, Tata Power plans to spend 2.5 times as much capital over the following five years. Praveer Sinha, the company’s MD and CEO, said, “we will incur a capital expenditure of Rs 1.25 lakh crore between 2026 and 2030.” The organization would incur an…
Turmeric prices fell by 1.12%, closing at ₹13,214, due to profit booking and increased arrivals. However, Hingoli markets experienced intermittent closures due to assembly elections in Maharashtra. Low stock levels have kept prices stable, but a delay in new crop arrivals due to prolonged vegetation growth may provide temporary support. Sowing activity has improved, with…
India is expected to produce 25 million 480-pound bales of cotton in 2024-2025, but this represents a five-year low. Cotton production is on track to meet the challenges of the textile sector due to rising exports of value-added cotton-based products. India’s cotton production for the 2024/25 marketing year is unchanged at 25 million 480-pound bales,…
By fiscal year 2026-27, Waaree Energies hopes to have an integrated solar cell manufacturing facility with a capacity of 11.4 gigawatts (GW), according to Sonal Shrivastava, the company’s chief financial officer. With an approximate expenditure of Rs 2,400–2,500 crores, Waaree Energies will commission 5.4 GW of solar cell production capacity in the current fiscal year….
According to currency analysts, the rupee, which has been under pressure for the past several months, is predicted to weaken due to a strong dollar and slower-than-expected economic development. Given a stronger US economy and an underlying bullish tendency in the dollar, the USD INR is predicted to move higher. Over the next few months,…
CottonCandy prices rose by 0.05% to ₹55,390 due to profit booking and strong demand from garment industries and export orders. India’s cotton production for 2024/25 is projected to decline by 7.4% due to reduced acreage and crop damage from excessive rainfall. The USDA revised its forecast to 30.72 million bales, lowering ending stocks to 12.38…
Natural gas prices fell 0.12% to ₹258.7 on rising production pressure and forecasts of milder weather. In December, U.S. gas production in the Lower 48 states increased to 102.3 billion cubic feet per day (bcfd), below the record of 105.3 bcfd set in December 2023 but above the November average of 101.5 bcfd. Futures prices…
After recording a roughly 14% increase in revenue last fiscal year, the automotive components sector is predicted to moderate its growth to 6–8% this fiscal year and the following, according to CRISIL Ratings research. It also mentioned that the declining demand for new cars, excluding two-wheelers, will be the reason. Moreover, because of the weak…
Crude oil prices rose 2.6% to ₹5,929 per barrel on expectations that OPEC+ will continue its current production cuts until Q1 2025. In a sign of increased competition in the region, Saudi Arabia is expected to cut oil prices for Asian consumers to their lowest point in four years. The EIA Petroleum Status report revealed…
Cotton candy prices fell by 0.34% to ₹55,360 per candy, driven by profit booking and rising cotton yarn demand in southern India. India’s cotton production for 2024/25 is expected to drop by 7.4% due to reduced acreage and crop damage caused by excessive rainfall and pest infestations. The USDA lowered India’s production estimate to 30.72…
