2024 – Page 27 – Market-Tracker

Inox Wind and banks led by ICICI Bank enter into a consortium agreement for facilities worth Rs 2,200 crore.

On Monday, Inox Wind Limited (IWL) declared that it had inked a consortium agreement worth roughly Rs 2,200 crore with a group of banks headed by ICICI Bank. It further stated that, based on the lead bank’s working capital evaluation, this ceiling will probably be increased to around Rs 2,400 crore (ICICI Bank). The company stated in a regulatory filing that the limitations extended are mostly not dependent on funds [bank guarantees (BGs) and letters of credit (LCs)].Based on the soundness of Inox Wind’s balance sheet, the limitations have been approved without the need for corporate guarantees or further backing from Gujarat Fluorochemicals Ltd. (GFL). The…

Market rising to freshmarket rises to a new high following the Fed’s decision; the rupee remains strong

guna@fastura.com1 year ago02 mins

In the week ending on September 20, the Indian market maintained its recent upward trend and set a new record as investors welcomed the Fed’s unexpected 50 basis point interest rate drop. The decline in unemployment claims, a strong FII inflow, and the possibility that the RBI will adopt the Fed’s stance at its next…

The output of palm oil in India is expected to increase in the next six years

Mahalakshmi@fastura.com1 year ago01 mins

India’s palm oil production is expected to triple in six years due to increased area under oil palm plantations and mature plantations for harvesting. The world’s largest edible oil importer relies on Indonesia, Malaysia, and Thailand for palm oil supplies. An increase in production will help India reduce edible oil imports, which account for nearly…

Oil ends week higher as investors take stock of Fed rate cuts

Mahalakshmi@fastura.com1 year ago01 mins

Oil prices settled lower on Friday but recorded a second straight week of gains, garnering support from a U.S. interest rate cut and a dip in U.S. supply. Brent futures settled down 39 cents, or 0.52%, at $74.49 a barrel. U.S. WTI crude futures settled down 3 cents, or 0.4%, to $71.92. Signs of a…

Despite US Fed action, the RBI is unlikely to lower rates before December

guna@fastura.com1 year ago04 mins

Even though the US Federal Reserve began its easing cycle with an unexpected 50 basis point reduction, Emkay Global stated that even though the Reserve Bank of India has more than 20 days until its next MPC meeting, it still has the flexibility to continue focusing on managing risk and household inflation. And it said…

Government anticipates increased output of kharif rice in spite of rain damage

Mahalakshmi@fastura.com1 year ago01 mins

India’s rice production is expected to be higher this year despite heavy rains and flooding in some states, according to the Agricultural Minister. The country is also considering easing curbs on non-basmati rice exports as inventories in the world’s biggest exporter of the grain surge and farmers are set to harvest a new crop in…

Oil prices are expected to rise this week following the US rate cut

Mahalakshmi@fastura.com1 year ago01 mins

Following a significant reduction in U.S. interest rates and a drop in global stocks, oil prices were expected to conclude the week higher for the second consecutive week. They were little moved in early Asian trade on Friday. Brent futures have gained 4.3% this week and were trading 19 cents, or 0.3%, lower at $73.69…

Power Mech wins an O&M order from Talwandi Sabo Power, a Vedanta subsidiary, valued at Rs 865 cr.

guna@fastura.com1 year ago02 mins

On Thursday, Power Mech Projects Ltd. declared that it has secured an order from Talwandi Sabo Power Limited, a Vedanta Limited subsidiary, for the Operation and Maintenance (O&M) of a 3X660 MW supercritical thermal power plant in Punjab’s Mansa District’s Banawala Village. The company announced in a regulatory filing that it had received an order…

Gold price pulls back after Fed rate cuts

Mahalakshmi@fastura.com1 year ago01 mins

Gold prices moved in a lower range in Asian trade on Thursday. The strength of the dollar weighed on gold prices as US interest rates did not fall as expected in the medium to long term. The yellow metal took some gains after touching a peak ahead of Wednesday’s Fed decision. Spot gold rose 0.1%…

Insufficient wheat supply in India prompts merchants to demand stock release

Mahalakshmi@fastura.com1 year ago02 mins

India’s wheat prices have risen during the festival season, despite curbs on traders and processors. New Delhi recently reduced the limit of wheat stocks traders and millers can hold to boost availability and moderate prices. However, these measures have not reduced prices, which are currently trading at 28,416 rupees ($339.53) per metric ton in New…

Year: 2024

Inox Wind and banks led by ICICI Bank enter into a consortium agreement for facilities worth Rs 2,200 crore.

Market rising to freshmarket rises to a new high following the Fed’s decision; the rupee remains strong

The output of palm oil in India is expected to increase in the next six years

Oil ends week higher as investors take stock of Fed rate cuts

Despite US Fed action, the RBI is unlikely to lower rates before December

Government anticipates increased output of kharif rice in spite of rain damage

Oil prices are expected to rise this week following the US rate cut

Power Mech wins an O&M order from Talwandi Sabo Power, a Vedanta subsidiary, valued at Rs 865 cr.

Gold price pulls back after Fed rate cuts

Insufficient wheat supply in India prompts merchants to demand stock release

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