On Wednesday, Larsen & Toubro reported that the Middle East has given it significant orders for its Power Transmission & Distribution Business in the region of Rs 2500 crore–Rs 5000 crore. According to reports from the United Arab Emirates, a reputable service provider to the energy sector has given the company a contract to build…
Jeera yesterday decreased by -2.2% to 57915 as a result of an improvement in supply conditions around the world. However, the drawback is not as great as the supply is constrained by the wet weather. In the following days, the demand for Indian exports would decline due to cheaper prices for Syria and Jeera on…
On Wednesday, gold prices rose as a slight drop in the dollar and Treasury yields allowed bullion to stabilize close to a crucial $1,900 level ahead of a meeting of central bankers that was likely to reveal clues about the direction of interest rates. While American gold futures increased by 0.2% to $1,929.40 per ounce,…
On Tuesday, when the US dollar declined from its high levels, the rupee bounced back from its record low levels and ended the day 19 paise higher at 82.94 (provisional).In line with a weakening US dollar, according to forex traders, the rupee strengthened. Foreign investors’ push to sell their investments amid risk aversion on international…
On Tuesday, Patel Engineering said that it has secured a project for Rs 1,275.30 crore in a joint venture with Madhya Pradesh Jal Nigam, a government undertaking. The contract’s scope includes everything needed to complete the Narmada-Gambhir, District Ujjain, and Indore Multi-Village Drinking Water Supply Scheme in one package on a “Turn-key Job Basis,” including…
The price of natural gas yesterday increased by 3.02% to 218.6 due to predictions that the weather would continue to be hotter than usual until early September, which will keep air conditioning demand high, particularly in Texas. Even though it was anticipated that demand would decline over the following two weeks, that price rise still…
Cotton candy yesterday decreased -0.23% to settle at 59840 as economic worries over the natural fiber’s major consumer, China, cast a shadow over demand projections. The next season (October 2023–September 2024) will likely see a 3% reduction in global cotton production, but consumption may remain unchanged, and ending inventories may be lower. The Cotton Association…
Amidst a strong dollar, an increase in US Treasury yields, and risk aversion in the global markets, the rupee declined sharply in the previous week, breaking through the significant resistance level of 83.00. The US economy was shown to be resilient by a deluge of strong economic data, which gave the dollar and yields a…
According to a projection, a large increase in domestic travel and foreign arrivals will lead the Indian hotel industry’s direct contribution to the GDP to reach USD 1 trillion by 2047. The Hotel Association of India (HAI) and Benori Knowledge released a report titled “Vision 2047: Indian Hotel Industry” that estimates the direct GDP contribution…
The price of crude oil yesterday increased by 1.08% to settle at 6726 on signs of tightening global supply, but the increase was restrained by China’s slowing economy and worries about additional U.S. interest rate increases. Unexpected rate cuts by the central bank failed to calm the market as fears about the country’s struggling economy…
