To guarantee higher quality for these products and to support homegrown production, the Ministry of New and Renewable Energy intends to release a policy akin to the Approved List of Models and Manufacturers (ALMM) for solar modules for solar cells. The manufacturers and models listed in ALMM are those solar project developers who can get…
Natural gas prices dropped by 2.27% to ₹180.6 due to milder weather forecasts, reducing demand for gas by power generators. Despite this, output decreased, and flows to LNG export terminals increased. Gas inventories remained 12% above normal levels, as producers injected smaller amounts into storage for 15 out of 16 weeks. Gas output in the…
Although the gains were constrained by ongoing demand concerns, oil prices increased somewhat after falling to multi-month lows earlier because major producers may postpone an output rise scheduled for next month and because U.S. stocks decreased. November Brent crude futures saw a 0.1% increase, or 15 cents, to $72.85, following a 1.4% decline to the…
As per the Department for Promotion of Industry and Internal Trade, the services, computer software, and non-conventional energy sectors accounted for the majority of the 48% year-over-year increase in Foreign Direct Investment (FDI) equity flows into India during the April-June quarter, which amounts to $16.1 billion. Trading, medicine, chemicals, cars, and telecom are among the…
Crude oil prices dropped by -4.87% to 5,919 due to OPEC+ production increases starting in October and concerns over sluggish demand in key markets like China and the US. OPEC+ plans to increase oil output by 180,000 barrels per day in October, but other cuts are expected to remain until 2025. The Arabian Gulf Oil…
As investors prepared for a monthly data on U.S. payrolls, which might impact the pace and extent of this year’s Federal Reserve interest rate cuts, gold prices remained stable on Wednesday. Spot gold maintained its position at $2,493.34 per ounce on Tuesday, after plunging to its lowest level in over a week. At $2,524.80, US…
The World Bank revised its growth prediction for India, increasing it from 6.6% to 7% for 2024–2025. The announcement was made in a study titled “India Development Update: India’s Trade Opportunities in a Changing Global Context,” which was made public on Tuesday. According to the research, India continued to be the major economy with the…
Cotton candy prices rose 1.48% to 58,860, driven by concerns over declining acreage and supply tightness. The Kharif cropping season’s cotton acreage dropped by 9% to 110.49 lakh hectares, down from 121.24 lakh hectares last year. The Cotton Association of India predicts a total acreage of around 113 lakh hectares for this season. Due to…
Early on Tuesday, gold prices dropped as traders continued to speculate about the possibility of a September rate cut by the Federal Reserve. At $2,425.55, spot gold prices were down 0.24%. This previous month, the price of the precious metal showed great strength, hitting a record high of $2,531.60 on August 20. The report’s conclusions…
Data from S&P Global on Monday indicated that although India’s manufacturing activity decreased to 57.5 in August from 58.1 in July, it was still higher than its long-term average of 54.0, indicating a significant improvement in operating conditions. August saw weaker gains in new business and output from Indian manufacturers, albeit their rates of expansion…
