Cotton candy prices rose by 0.5% to ₹54,100 due to expectations that the Cotton Corporation of India will procure over 100 lakh bales at the Minimum Support Price. The Cotton Association of India revised its crop projections for the 2024-25 season by 2 lakh bales, bringing the total output to 304.25 lakh bales. Domestic consumption…
The Consumer Price Index (CPI)-based retail inflation rate in India for January was 4.31%, a sharp decline from 5.22% in December, according to figures issued on Monday by the Ministry of Statistics & Programme Implementation. After August 2024, this is the lowest year-over-year inflation rate, down 91 basis points from December 2024. In October, CPI…
Gold prices fell 0.05% to ₹85,481 as US inflation strengthened expectations that the Federal Reserve will reach a record low. The headline inflation measure was 3.3%, higher than forecast, and January inflation unexpectedly rose to 3%. Despite these challenges, gold prices have risen more than 10% since the start of the year, thanks to dovish…
According to ICRA, the domestic steel industry is facing new challenges and looking for opportunities as a result of US President Donald Trump’s recent announcement to raise tariffs on imports of steel and aluminum significantly and to cancel exemptions and duty-free quotas for major suppliers like Canada, Brazil, the European Union (EU), Mexico, South Korea,…
India’s palm oil imports reached a 14-year low in January, dropping 45% from December to 275,241 metric tons. This decline was primarily driven by refiners shifting to cheaper soyoil due to negative refining margins. This shift will pressure Malaysian palm oil prices and boost U.S. soy oil futures. In contrast, soy oil imports rose 5.6%…
Gold prices fell 0.34% to ₹85,523 after hitting a record high as investors booked profits. The decline was driven by concerns over a global trade war following the US President’s decision to impose 25% tariffs on steel and aluminium imports. Also, for the third consecutive month, China’s central bank increased its gold reserves, which totalled…
Weak global cues and ongoing foreign withdrawals weighed on investor mood as the Indian stock market closed in deep red on Tuesday, continuing its losing run for the fifth straight session. The BSE Sensex dropped 1016.55 points, or 1.31%, to end the day at 76,295.25, while the Nifty50 closed at 1016.55, down 309.80 points, or…
According to a Bloomberg article, the Bajaj Group is purportedly preparing to enter the healthcare industry with a possible investment of ₹100 billion (about $1.1 billion) to start a network of hospitals. To build a network of hospitals, comprising both high-end and low-cost facilities, the corporation intends to invest these funds in stages. It was…
Zinc prices fell by -0.02% to ₹270.75 due to a sharp increase in SHFE-monitored inventories since January 24. However, supply concerns limited the downside, as global mined zinc production declined for the third consecutive year in 2024. China’s refined zinc output dropped by 7% due to lower processing rates and production cuts at major smelters….
Turmeric prices fell 1.87% to ₹13,244 on a slight increase in market arrivals and subdued demand. Higher arrivals are expected in the coming month due to steady harvesting process, however, the new crop output is estimated to be 10-15% lower this year. The exact impact on yields will be verified once the pace of harvesting…
