Mahindra & Mahindra (M&M) stated on Monday that the SML Isuzu acquisition is strategically intended to increase market share in the truck and bus segments while simultaneously attaining higher cost reductions in the tractor segment. The plan to purchase a 59% share in SML Isuzu for a total of Rs 555 crore was accepted by…
Turmeric prices dropped by -1.57% at 14,004 on Thursday due to weak domestic demand and sluggish export inquiries. Total arrivals across key markets were 51,732 bags, indicating some supply pressure easing. In Sangli, arrivals dropped to about 7.0 lakh bags, reflecting lower-than-expected production this season. Turmeric cultivation area increased by 10% to 3.30 lakh hectares,…
Jeera prices have dropped by 2% at 22,545, driven by comfortable supplies and subdued export interest. Total arrivals in Gujarat increased to 27,300 bags, causing downward pressure on prices. However, supply trends remain critical, with tight near-term supplies from Rajasthan and delayed sowing in key regions. Production levels are expected to be similar to last…
A Rs 25,000-crore Maritime Development Fund (MDF) for the shipping industry is anticipated to be approved shortly by the Union Cabinet, according to sources. The final plan was submitted to the Cabinet for approval by the Ministry of Shipping. The MDF was established to support India’s maritime industry, as the Finance Minister had previously stated…
Gold prices are witnessing a slight decline on the eve of Akshaya Tritiya on 30.4.2025. This is fueling the interest in buying gold among the people. As trade tensions between the US and China eased, gold prices fell significantly by 0.96% to close at 94,992. When Beijing decided to waive 125% taxes on some US…
Copper prices rose by 0.32% to settle at 860.8, driven by speculative buying amid geopolitical uncertainty. Initially, the market gained in hopes of easing U.S.-China trade tensions. Still, this optimism waned after the U.S. Treasury Secretary confirmed no unilateral tariff cuts have been proposed and formal talks are yet to begin. China has also made…
Due to tight supply of jeera and low export demand, jeera prices closed down by 1.1% at Rs 23,005. As a total of 27,300 bags of cumin arrived in Gujarat – a significant increase from the 24,000 bags received in the previous session – prices were forced to decline further. Due to delayed sowing in…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
With only a few weeks remaining in the harvest season, mills’ sugar production for the current 2024–25 season (October–September) has topped 25.59 million tonne (MT). According to the Indian Sugar & Bio-Energy Manufacturers Association (ISMA), the production of sweeteners for the entire season is expected to be about 26.4 million tonne MT, excluding 3.5 MT…
Cotton candy sales rose by 0.15% on expectations of lower local supplies. The Cotton Association of India (CAI) has cut its domestic crop estimate for 2024–25 by 4 lakh bales to 291.30 lakh bales (170 kg each) due to lower Maharashtra production. With imports at 25 lakh bales, the total supply of cotton, including opening…
