According to a senior executive of the state-owned integrated power utility National Thermal Power Corporation (NTPC), which did not want to be named, the company has set plans to increase its coal-based capacity from its initial goal of 26 GW to 30 GW by 2031–2022. This is because the country’s power demand is still high….
The US president’s unexpected halt on reciprocal tariffs gave investors some respite on the last day of the week. Still, Indian benchmark indexes completed the volatile week ending April 11 with slight losses due to worries over the tariff war. Nifty50 was down by 75.9 points to settle at 22,828.55, while the BSE Sensex index…
India’s cotton imports are expected to double to 33 lakh bales in 2024-25 due to a decline in domestic production. The Cotton Association of India revised production estimates to 291.30 lakh bales due to poor yields in Maharashtra. Imports reached 25 lakh bales. India’s cotton market is experiencing significant changes, with imports expected to double…
Due to consistently low palm oil imports, India’s vegetable oil stocks reached a three-year low of 1.67 million metric tons in April. The Solvent Extractors’ Association of India reported that palm oil imports rose slightly to 424,599 tons in March but remained below the average of over 750,000 tons. This reduced availability may prompt India…
The April 2024/25 wheat outlook shows mixed results for the US and global markets. U.S. wheat supplies are up due to increased imports, the highest since 2017/18, while exports have been revised downward. Domestic use remains nearly unchanged, with minor cuts to seed use. Consequently, U.S. ending stocks are projected to be 22% higher year-over-year….
The ratings agency ICRA stated Thursday that Indian airport operators should anticipate see 18–20% year-over-year (y-o-y) increase in their topline this fiscal year, driven by tariff hikes, a ramp-up in non-aeronautical income, and a sustained improvement in passenger traffic. Domestic traffic increased by 9% while overseas traffic increased by 11% in FY25. New investments will…
When markets were once again rocked by panic after Donald Trump acknowledged that his global tariff blitz might have “a transition cost,” gold hit a new high. After reaching a record high of $3,218.07, gold is currently trading at about $3,207. The current price of gold in India is Rs 93,380. On Thursday, gold prices…
Early Friday trading saw the rupee jump 51 paise versus the US dollar to 86.17 amid a fall in oil prices, a weakening greenback, and a robust start to domestic share markets. The local unit increased one day after US President Donald Trump halted the further 26% tariffs on India until July 9. The local…
Silver prices rose 0.49% to ₹91,595 amid geopolitical tensions and favorable supply-demand fundamentals. However, China is still subject to a steep 125% tariff, On the macro front, US inflation eased to 2.4% for the second consecutive month in March 2025, from 2.8% in February, fueling hopes that price pressures will moderate. Jobless claims remained relatively…
When domestic markets reopen after a holiday on Friday, equity indices are expected to open higher due to strong global indications following Trump’s decision to halt tariffs on all countries except China for 90 days. After ending Wednesday afternoon at 22,487, Gift Nifty Futures is up 810 points to 23,299.5. Trump has not completely reversed…
