A survey by Crisil Ratings predicted that organized cables and wires makers would have a consecutive mid-teen growth in the upcoming fiscal year, building on an estimated 16 percent increase in FY25. “This will be due to increased investment in end-user segments like power generation and transmission, railways, and real estate in domestic markets, as…
India’s oilseed sector is experiencing significant changes due to production estimates, trade dynamics, and global policies. The government predicts a record soybean output of 15.1 million tonnes for 2024-25, while industry estimates are lower at 12.6 million tonnes due to reduced sowing. The government has increased MSP procurement under the Price Support Scheme to stabilize…
Gold prices rose 0.32% to ₹87,554 on the back of continued uncertainty over US tariffs and their potential to dampen global economic growth. Also, Hong Kong’s gold imports from China rose 7.5% to 14.851 metric tonnes in February from 13.816 tonnes in January, indicating steady demand from the world’s largest gold consumer. The Fed kept…
A stronger US dollar, which touched its highest level since March 4 at 104.3, led gold prices to fall 0.57% to settle at ₹87,278, its lowest since March 4. Traders priced in a rate cut of about 63 basis points for 2024 after the Federal Reserve’s stance on deferring interest rate hikes due to economic…
India recorded a record rice production in the 2024-25 crop year, with kharif rice output reaching 1,206.79 lakh tonnes and rabi rice at 157.58 lakh tonnes. This marks a sharp increase in kharif rice by 74.20 lakh tonnes compared to the previous year. The government procured 75.80 million tonnes of paddy, bolstering domestic stocks and…
Investors on the Bombay Stock Exchange (BSE) have won Rs 35 lakh crore so far this year in March, with the Sensex rising more than 4,500 points to hover around 78,000. This is the latest success for the Indian stock markets after months of relentless selloff. After a sharp decline following September’s record highs, the…
The much-needed support was given by robust domestic inflows, which caused the rupee to climb 12 paise to 85.86 against the US dollar in early trading on Monday. But, according to currency dealers, the local unit still faces difficulties due to hidden risks, which might range from crude oil prices to supply shortages. The rupee…
Turmeric prices rose by 2.45% to ₹13,394, driven by lower-than-expected arrivals and strong buying interest. Export performance was positive, with shipments reaching a four-year high. From April to December 2024, turmeric exports rose 13%, reaching 1,36,921 tonnes. December saw a 46.94% YoY surge, reflecting global demand. However, new crop yields are projected to be 10-15%…
Record production levels and forecasts of mild weather that are expected to reduce heating demand in early April led natural gas prices to fall -0.29% to 344.2. Gas storage levels are still 8% below seasonal norms, including inventory drawdowns due to severe cold in January. According to LSEG figures, average gas production in the Lower…
Stable oil prices, a decline in the dollar index, central bank liquidity support, and probable forex market interventions are just a few of the factors that have caused the Indian Rupee to rise more than 1% this week, continuing its winning streak into its eighth session and ending its best weekly performance in two years….
