On Wednesday, KPI Green Energy declared that, on its own, it has effectively achieved zero net debt status. “We are pleased to inform you that as of August 28, 2024, the company has successfully attained zero net debt status on a standalone basis,” the company stated in a regulatory statement. This accomplishment demonstrates our commitment…
Jeera prices rose by 0.36% to 25,435, driven by strong domestic and export demand and global supply constraints. However, expectations of higher production and farmers holding back stocks contributed to price support. Jeera production has increased significantly worldwide, with China driving the increase, more than tripling its output to about 55–60 thousand tonnes. Syria, Turkey,…
Silver prices slightly declined by 0.01% to 85,658, driven by higher U.S. bond yields and awaited inflation data. The Federal Reserve emphasized the need to adjust monetary policy due to labor market risks and confidence in inflation’s 2% target. U.S. durable goods orders exceeded expectations in July, shaping market expectations. Future rate adjustments remain under…
Wednesday’s gold prices didn’t move much, but they remained close to the record high they reached last week due to the Middle East crisis-driven demand for safe haven assets and the expectation of impending rate cuts by the US. spot gold was unchanged at $2,524.88 an ounce. On August 20, gold reached a record high…
After ending at 83.91 on August 26 instead of 83.95 roughly a week earlier, the Indian rupee has somewhat appreciated over the previous trading days. Though importers’ dollar demand and foreign portfolio withdrawals from Indian equities (totaling USD 1.5 billion as of August 26) have restricted the rupee’s gains, the currency is seeing some support…
Oil prices halted their recent surge, resembling a 7% increase in the previous three sessions, due to supply concerns and concerns over a Middle East conflict and Libyan oil field shutdown. Brent crude futures fell 32 cents, or 0.39%, to $81.11 a barrel, while U.S. West Texas Intermediate crude futures fell 36 cents, or 0.46%,…
On Tuesday, Maharashtra State Electricity Distribution Company Limited (MSEDCL) sent a Letter of Award (LoA) for the establishment of a 200 MW Wind-Solar Hybrid Power Project to JSW Neo Energy Limited (JSW Neo), a wholly owned subsidiary of JSW Energy Limited, in response to a tariff-based competitive bid (MSEDCL – Phase III). The company reported…
Due to growing wagers on a September interest rate cut by the U.S. Federal Reserve and growing geopolitical concerns in the Middle East, safe-haven demand for gold kept prices stable on Tuesday, staying close to record highs. Spot gold Bullion reached a record high of $2,531.60 on August 20, but it remained unchanged at $2,515.83…
On Monday, Bharat Heavy Electricals Limited (BHEL) revealed that it had received orders totaling more than Rs 11,000 crore from Adani Power and Mahan Energen, a subsidiary of Adani Power, for the provision of equipment (such as boilers, turbines, and generators) and supervision of the erection and commissioning of three power projects located in Mahan,…
Although gold prices somewhat declined in Asian trade on Monday, they were still close to record highs last week as the expectation of lower U.S. interest rates pummelling the dollar gave the metal markets a better outlook. Yellow metal reached all-time highs last week, leading to gains in the metal markets as traders cheered the…
