Orders are pouring in for RVNL. After the company acquired a Rs 554.64 crore contract from NHAI, RVNL’s share price increased 3.4% to reach the day’s high of Rs 342. The order must be completed in 730 days, or just over two years. In the State of Andhra Pradesh, under NH (O) on Hybrid Annuity…
Silver prices rose 1.73% to ₹98,132 on trade tensions and expected US inflation figures, which could affect the Federal Reserve’s policy choices. Strong jobs data in the US, as job losses hit a six-month high and vacancies rose to 7.74 million in January, bolstered prospects for a strong labour market, possibly delaying a rate cut…
Tuesday saw the Indian rupee gain strength due to a surge in Asian currencies and probable central bank assistance, while the dollar fell to its lowest level since November versus major rivals. The rupee was up 0.1% for the day, closing at 87.2125 versus the US dollar. Due to pressure from dollar bids sparked by…
India’s edible oil imports reached a four-year low in February 2025, with soyoil and sunflower oil imports declining significantly, leading to the lowest inventory levels in three years. Despite a 35.7% increase in palm oil imports from January, the overall vegetable oil imports dropped 12% year-on-year to 899,565 metric tons. This has reduced edible oil…
On March 24, the RBI will unveil plans for a new liquidity increase, focusing on the banking industry and the rupee. Later this month, the RBI plans to hold a USD 10 billion/INR buy/sell swap auction to provide liquidity to the banking system. The RBI said in a news release that the swap auction for…
Investors were waiting for key US inflation data due to book profits, which will provide more clues about the Federal Reserve’s interest rate policy. Market sentiment suggests it will cut rates again in June after cutting rates three times in 2024. China’s reserves rose to 73.61 million fine troy ounces in February from 73.45 million…
The Indian government has ended its open market wheat sales, selling 2.97 million tonnes out of the 3 million tonnes offered under the Open Market Sales Scheme (OMSS). Despite efforts to control prices, wheat rates remain above the Minimum Support Price (MSP) of ₹2,425/quintal. Bid prices ranged from ₹2,540 to ₹3,275 per quintal in different…
Amid rising global trade tensions and weak corporate performance, foreign investors withdrew funds from the Indian equity market, taking out Rs 24,753 crore (about USD 2.8 billion) in the first week of March. This occurred after equities saw withdrawals of Rs 78,027 crore in January and Rs 34,574 crore in February. Data from the depositories…
U.S. soybean oil prices have risen dramatically in 2025, to a 15-year high, driven by favorable prices and a shift in trade. January shipments reached 212,714 metric tons, the largest since 2010, compared with just 171,417 tons in the 2022–2023 marketing year. The lower U.S. soybean oil prices have resulted in increased export demand, especially…
Suzlon received a third order of 204.75 MW on Tuesday from Jindal Green Wind 1, a division of Jindal Renewables. This partnership is Suzlon’s largest Commercial and industrial (C&I) order to date, with a total capacity of 907.20 MW. Previously, Suzlon added 702.45 MW of wind energy to power Jindal Steel’s operations in Chhattisgarh and…
