Due to the weakening of the rupee, the increase in US bond yields, and the prospect of a weak earnings season, foreign portfolio investors (FPIs) have withdrawn Rs 64,156 crore (USD 7.44 billion) from the Indian equities markets so far this month. According to data from the depositories, this followed an investment of Rs 15,446…
Aluminum prices rose 0.08% to ₹252.75, following comments from the US President that investors were optimistic about a possible trade deal with China, the world’s top user of the metal. The sentiment was further bolstered by developments in the European Union, which is set to ban primary aluminum imports from Russia as part of its…
Cotton candy prices in India have dropped by 0.08% to ₹53,290 due to revised crop projections by the Cotton Association of India (CAI). The updated estimate is now at 304.25 lakh bales, 2 lakh bales higher than earlier forecasts, largely due to better-than-expected yields in Telangana. However, cotton prices remain under pressure as the US…
Jeera futures settled 0.8% lower at ₹22,445 due to subdued demand and current export needs being met. However, concerns over stock shortages limited the downside. Farmers hold around 20 lakh bags of jeera, with only 3-4 lakh bags expected to be traded by the season’s end. India’s jeera production for 2023-24 is expected to match…
A new hybrid order of 486 MW was secured by Suzlon Group and Torrent Power, the company stated on Friday. In a regulatory filing, the business stated that the strategic partnership is essential to bolstering the Made in India campaign and assisting India in reaching its ambitious goal of 50% of electricity coming from renewable…
The rupee fell 13 paise versus the dollar to 86.46 on Thursday, according to currency traders, due to a drop in the majority of regional currencies and demand for dollars from overseas banks. Experts predict that the currency’s decline will continue, but at a slower rate now that the pessimistic outlook around the rupee has…
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…
