The Cotton Association of India (CAI) has revised up its 2024-25 cotton production estimates by 2 lakh bales, taking the total estimate to 304.25 lakh bales. The consumption estimate has been increased by 2 lakh bales on the back of increasing demand. Exports, primarily to Bangladesh, continue at a low pace. CCI holds a significant…
The key role of renewable power The IREDA board has authorized the funding of Rs 5000 crore in one or more tranches through a QIP or placement of qualifying institutions. According to the exchanges’ filing, the board has determined that shareholder permission is required for fundraising, and government ownership cannot reduce the company’s post-issue paid-up…
On January 22, the Board adopted an arrangement that allowed Hindustan Unilever (HUL) to decomming its ice cream business. While releasing its quarterly results for the third quarter of FY25, the FMCG giant revealed the demerger. The company will separately list Kwality Walls (India), which was incorporated on January 10, 2025. Shares of the new…
Due to lower export estimates, Malaysian palm oil futures fell 1.5% to below MYR 4,150 per tonne for the second consecutive session. Shipments of Malaysian palm oil products fell between 18.2% and 23% from January 1 to 20, with unfavorable currency dynamics and reduced demand in India contributing to the pressure. Global policy uncertainties, including…
Cold weather forecasts have led to a 4.52% increase in natural gas prices, with severe cold likely to push daily gas demand to a new high, with LSEG estimating 172.2 billion cubic feet per day (bcfd) on January 21, surpassing the previous record of 168.4 bcfd. Cold weather has already affected production, and historically, similar…
In the first half of this fiscal year, the government has paid out Rs 1,596 crore for six industries, including electronics and pharmaceuticals, through the production-linked incentive (PLI) scheme, a senior official said on Tuesday. With this, the initiative has now disbursed a total of Rs 11,317 crore since its inception. The scheme’s total expenditure…
The Nifty Midcap 100 and Nifty Smallcap 100 indices continued their downward trajectory, increasing losses during Wednesday’s trading session. Today, the indices fell by as much as 2.5 percent. On January 21, the index experienced declines exceeding 2 percent, reflecting ongoing selling pressure this month. The Nifty Smallcap 100 index has been the most severely…
Gold prices have continued to rise, hitting their highest since November 1 at $2,750. Global trade uncertainty and US interest rates have been driving gold prices higher day by day. From a technical perspective, a break above $2,720 indicates a positive sentiment, with a move to $2,790 expected. Gold prices rose for a third straight…
Turmeric prices in India rose by 2.32% to 14,356, despite concerns about slow rhizome growth and low yield estimates. Harvesting has started in Karnataka and Andhra Pradesh and is expected to begin in Telangana soon. Farmers are concerned about lower-than-expected yields, and supply is expected to rise. The Erode Warangal line supply has been reduced,…
Jeera prices rose by 0.29% to ₹22,290 due to low-level buying and concerns over stock shortages. Despite low demand, existing export business is met by available stocks. Farmers have approximately 20 lakh bags of cumin, with only 3-4 lakh bags expected to be traded by season’s end. However, the upside is somewhat capped due to…
