News

Coal imports fall by Rs 13,629 crore in April-September as domestic output rises The import of coal by non-regulated sectors and domestic coal-based thermal power plants, for blending, declined by 9.83 per cent to 63.28 million tonnes (MT) from April to September 2024, from 70.18 MT in the same period last year, and by 8.6  per cent to 9.79 MT from 10.71 MT, respectively, the Ministry of Coal said on Wednesday.  "This demonstrates an increased reliance on domestic coal supplies for these sectors. However, there has been a rise in the import of coking coa...
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Source: IANS
2024-11-20 04:05:50 pm
On World Fisheries Day, new schemes to be launched to push growth The Centre's Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity with all stakeholders throughout the world, according to an official statement issued on Wednesday.  This year’s theme for World Fisheries Day, 2024 is India's Blue Transformation: Strengthening Small-Scale and Sustainable Fisheries. The inaugur...
On World Fisheries Day, new schemes to be launched to push growth
On World Fisheries Day, new schemes to be launched to push growth
Source: IANS
2024-11-20 03:11:46 pm
Earnings growth expected to moderate to 12-14% CAGR over FY24-26: Motilal Oswal Private Wealth According to Alpha Strategist Report from Motilal Oswal Private Wealth (MOPW), earnings growth is expected to moderate to 12-14% CAGR over FY24-26 with some interim but short-lived slowdown as currently witnessed in 2QFY25.   Most of the emerging markets have experienced FII outflows during Oct amid uncertainty around US election, geopolitical tensions in middle east, stimulus announcement by China and rise in US yields. However, for India, these outflows were exacerbated by the on...
Earnings growth expected to moderate to 12-14% CAGR over FY24-26: Motilal Oswal Private Wealth
Earnings growth expected to moderate to 12-14% CAGR over FY24-26: Motilal Oswal Private Wealth
Source: Motilal Oswal Private Wealth
2024-11-20 11:30:06 am
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister  India now produces 330 million tonnes of food grains annually, contributing significantly to global food trade and generating $50 billion in export earnings”, Union Agriculture Minister Shivraj Singh Chouhan said on Tuesday. Addressing the ‘Global Soils Conference 2024’ in the national capital via videoconferencing, the agriculture minister said the government is committed to supporting initiatives that ensure sustainable and profitable agriculture, resilient ecosys...
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
India producing 330 mn tonnes food grains, generating $50 bn in exports: Agriculture Minister
Source: IANS
2024-11-20 10:47:49 am
Kerala Industries Minister confident that new policy will boost plantation sector Kerala is expecting an investment surge in plantations in the state as the government is poised to introduce a policy proposing diversification in the sector, Industries Minister P. Rajeev said on Monday.  "A report of the IIM-Kozhikode is before us. We are holding discussions with all stakeholders. Utilising this opportunity will bring large-scale investments into the plantation sector," the Minister said at a regional conference on Plantation, High-tech Farming and Value-a...
Kerala Industries Minister confident that new policy will boost plantation sector
Kerala Industries Minister confident that new policy will boost plantation sector
Source: IANS
2024-11-19 10:37:12 am
Oil prices ease, but caution prevails over Russia-Ukraine war Oil prices retreated on Tuesday after the previous day's rally driven by halted production at Norway's Johan Sverdrup oilfield, but investors remained cautious amid fears of a potential escalation in the Russia-Ukraine war. Brent crude futures for January delivery slipped 7 cents, or 0.1%, to $73.37 a barrel by 0119 GMT, while U.S. West Texas Intermediate crude futures for December delivery were at $69.23 a barrel, down 7 cents, or 0.1%. The more active WTI January contract fell 4 ...
Oil prices ease, but caution prevails over Russia-Ukraine war
Oil prices ease, but caution prevails over Russia-Ukraine war
Source: Reuters
2024-11-19 09:15:19 am
Gold hits one-week high on softer dollar; markets await Fed cues Gold prices climbed to a one-week high on Tuesday, buoyed by a softer U.S. dollar, while the market awaited comments from Federal Reserve officials for cues on the U.S. interest rate outlook. Spot gold rose 0.4% to $2,623.54 per ounce by 0246 GMT, the highest since Nov. 12. Prices rose 2% on Monday. U.S. gold futures gained 0.5% to $2,627.60. The U.S. dollar pulled back as profit-booking kicked in after last week's stellar rally. A weaker dollar makes bullion less expensive for b...
Gold hits one-week high on softer dollar; markets await Fed cues
Gold hits one-week high on softer dollar; markets await Fed cues
Source: Reuters
2024-11-19 09:02:59 am
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, has released a report on Oil & Gas sector covering the recent announcement made by the government. The government has issued a notification slashing the Administered Price Mechanism (APM) allocation for City Gas Distribution companies (CGDs) by 20% for the second straight month. The sudden notification raises operational challenges for the CGDs in terms of arranging appr...
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher
Sudden government notifications raise operational challenges for City Gas Distribution companies: PL Capital- Prabhudas Lilladher
Source: PR Agency
2024-11-18 05:36:57 pm
Oil nudges up after Russia-Ukraine tensions escalate Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 29 cents, or 0.4%, to $71.33 a barrel by 0502 GMT, while U.S. West Texas Intermediate crude futures were at $67.20 a barrel, up 18 cents, or 0.3%. Russia unleashed its largest air strike on Ukraine in almost three mon...
Oil nudges up after Russia-Ukraine tensions escalate
Oil nudges up after Russia-Ukraine tensions escalate
Source: Reuters
2024-11-18 09:19:36 am
Gold gains over 1% as dollar rally stalls Gold prices rose more than 1% on Monday after last week's sharp declines, as a rally in the dollar paused, while market players awaited comments from Federal Reserve officials this week for more clues on the U.S. interest rate path. Spot gold firmed 1.2% to $2,591.16 per ounce by 0444 GMT, after falling to its worst week in more than three years on Friday. U.S. gold futures were up 1% at $2,595.70. The dollar was flat after rising 1.6% last week. A weaker dollar makes bullion les...
Gold gains over 1% as dollar rally stalls
Gold gains over 1% as dollar rally stalls
Source: Reuters
2024-11-18 08:54:27 am
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that the government aims to expand the country’s oil exploration acreage to 1 million sq km by 2030 to further bolster India’s energy security.   Addressing the GEO India 24 conference here, Puri said the government has reduced "No-Go" areas in the Exclusive Economic Zone (EEZ) by almost 99 per cent, opening up vast new areas for oil and gas exploration. The minister pointed out that wh...
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Government to expand oil exploration area to 1 million sq km by 2030: Hardeep Puri
Source: IANS
2024-11-15 05:42:06 pm
India premiums reach 4-month peak as price drop attracts customers Physical gold premiums in India climbed to a near four-month high this week, driven by a rebound in demand as prices dropped, while top consumer China saw limited retail buying interest. Domestic prices in India fell to 73,300 rupees per 10 grams earlier this week after hitting a record high of 79,775 rupees last month. "Buyers were holding off for prices to drop, but once they did, retail buyers jumped in and started buying," said a Hyderabad-based jeweller. Indian dealers...
India premiums reach 4-month peak as price drop attracts customers
India premiums reach 4-month peak as price drop attracts customers
Source: Reuters
2024-11-15 01:51:22 pm
Gold set for worst week in 3 years as US dollar rallies Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal. Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday. U.S. gold futures were also flat at $2,573....
Gold set for worst week in 3 years as US dollar rallies
Gold set for worst week in 3 years as US dollar rallies
Source: Reuters
2024-11-15 10:27:25 am
Over 40 crore gold jewellery items hallmarked to date, 4 lakh per day: Centre The government on Thursday informed that more than 40 crore gold jewellery items have been hallmarked to date -- over 4 lakh gold items being hallmarked per day.   In the fourth phase, kicked off by the Bureau of Indian Standards (BIS) from November 5, hallmarking centres have been set up at 18 additional districts under mandatory hallmarking. Following the implementation of the fourth stage, the total number of districts covered under mandatory hallmarking now stands at 361, accor...
Over 40 crore gold jewellery items hallmarked to date, 4 lakh per day: Centre
Over 40 crore gold jewellery items hallmarked to date, 4 lakh per day: Centre
Source: IANS
2024-11-15 09:57:07 am
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a steep draw in U.S. fuel stocks. Brent crude futures were down 30 cents, or 0.41%, at $72.26 a barrel by 0105 GMT. U.S. West Texas Intermediate crude futures were down 25 cents, or 0.36%, at $68.45. For the week, Brent is s Oil prices fell on Friday as investors weighed signs demand in top crude importer China continues to underperform amid the country's une...
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears
Oil set for weekly loss on uncertainty around Fed rate cuts, China demand fears
Source: Reuters
2024-11-15 08:57:13 am
Oil, gas firms fail to set strict targets to stop methane leaking As the UN climate conference (COP29) is underway in Baku in Azerbaijan, oil and gas companies are exacerbating the climate crisis by failing to set strict targets to stop methane leaking into the atmosphere, while overall action to cut emissions globally remains weak at best and sometimes non-existent, a report from the financial think tank Carbon Tracker said on Thursday.   Methane is a powerful greenhouse gas, and while most large producers have announced plans to cut emissions from...
Oil, gas firms fail to set strict targets to stop methane leaking
Oil, gas firms fail to set strict targets to stop methane leaking
Source: IANS
2024-11-14 10:40:55 am
Gold declines to 8-week low on stronger dollar, yields  Gold fell for a fifth straight session on Thursday to hit its lowest level in eight weeks, pressured by a stronger U.S. dollar and rising Treasury yields amid uncertainty over the pace of the Federal Reserve's interest rate cuts. Spot gold was down 0.4% at $2,563.45 per ounce, as of 0505 GMT, after hitting its lowest since Sept. 19 earlier in the session. U.S. gold futures fell 0.7% to $2,568.30. The U.S. dollar advanced to a one-year high, making gold more expensive for overs...
Gold declines to 8-week low on stronger dollar, yields
Gold declines to 8-week low on stronger dollar, yields
Source: Reuters
2024-11-14 10:21:10 am
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh  Oil prices dropped slightly early on Thursday on expectations of higher global production amid forecasts for weak demand growth, while a firmer dollar also kept a lid on prices. Brent crude futures were down 6 cents, or 0.08%, at $72.22 a barrel by 0133 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 13 cents, or 0.19%, at $68.30. The U.S. Energy Information Administration has slightly raised its expectation of U.S. oil output to an average 13.23 million barrels pe...
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Oil prices edge down, forecasts for higher oil output, weak demand growth weigh
Source: Reuters
2024-11-14 08:58:38 am
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones` The Ministry of Mines is set to inaugurate its Pavilion at the India International Trade Fair (IITF) 2024 at the ITPO, Pragati Maidan, with the theme “Minerals to Milestones.” This theme highlights the crucial role of minerals in India’s progress towards a developed future. The Pavilion will be inaugurated on 14th November by Hon’ble Union Minister of Coal and Mines, Shri G. Kishan Reddy, along with Hon’ble State Minister of Coal and Mines, Shri Satish Chandra Du...
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones`
Ministry of Mines Pavilion at IITF 2024: `Minerals to Milestones`
Source: PR Agency
2024-11-13 10:46:05 am
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri Petroleum Minister Hardeep Singh Puri said on Tuesday that India’s current biofuel blending rate has reached 16.9 per cent, putting the country on track to reach the 20 per cent target set for 2025-26.    “As a result of the Govt. of India’s biofuel initiatives, we have saved Rs 91,000 crore in import bills parallelly giving a much-needed boost to the agriculture sector,” he added. He also said that India ranks second globally in biofuel blending, undersco...
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Government`s biofuel drive has saved Rs 91,000 crore in oil import bills: Hardeep Puri
Source: IANS
2024-11-13 10:43:56 am
India shaping up as refining hub, to rely on fossil fuels until 2040, oil minister says India, the world's No.3 oil importer and consumer, is expected to rely on fossil fuels until at least 2040 and is positioning itself as a refining hub, Oil Minister Hardeep Singh Puri told Reuters on Tuesday. While global refining centers are downsizing as energy transition progresses at an unpredictable pace, India's rising daily crude utilization means it will rely on fossil fuels until at least 2040, Puri said at the sidelines of a refining conference in Bengaluru. "Our ...
India shaping up as refining hub, to rely on fossil fuels until 2040, oil minister says
India shaping up as refining hub, to rely on fossil fuels until 2040, oil minister says
Source: Reuters
2024-11-13 10:18:35 am
Gold drifts higher amid bargain hunting ahead of US inflation data Gold prices edged up on Wednesday as investors sought bargains after steep declines in the previous session, while the spotlight shifted to U.S. inflation data, which could shed more light on the Federal Reserve's path for monetary policy. Spot gold firmed 0.4% to $2,606.42 per ounce by 0733 GMT, after hitting its lowest since Sept. 20 on Tuesday. U.S. gold futures rose 0.2% at $2,612.30. "There is currently some bargain hunting as prices fell below the $2,600 mark," said ...
Gold drifts higher amid bargain hunting ahead of US inflation data
Gold drifts higher amid bargain hunting ahead of US inflation data
Source: Reuters
2024-11-13 09:06:58 am
Oil pares losses on tight supply but cloudy demand caps gains Oil prices inched higher on Wednesday underpinned by signs of near-term supply tightness but held near their lowest in two weeks, a day after OPEC downgraded its forecast for global oil demand growth in 2024 and 2025. Brent futures rose 14 cents, or 0.2%, to $72.03 a barrel by 0745 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 13 cents, or 0.2%, at $68.25. "Crude oil prices edged higher as tightness in the physical market offset bearish sentiment on demand. Buy...
Oil pares losses on tight supply but cloudy demand caps gains
Oil pares losses on tight supply but cloudy demand caps gains
Source: Reuters
2024-11-13 08:49:43 am
US Oil drilling costs to reach $67 -$70 per barrel by 2026 - Ventura Securities According to a report by Ventura Securities, the Trump Presidency could have a significant impact on the oil market, with potential growth largely dictated by price. The administration's push for increased US oil production through aggressive drilling policies may lead to shifts in global supply dynamics. Trade tensions, particularly tariffs, could introduce new uncertainties, affecting crude prices and US export competitiveness. The geopolitical landscape, including Middle East tensions ...
US Oil drilling costs to reach $67 -$70 per barrel by 2026 - Ventura Securities
US Oil drilling costs to reach $67 -$70 per barrel by 2026 - Ventura Securities
Source: Ventura Securities
2024-11-12 11:29:13 am
Gold hovers near 1-month low ahead of US data, Fed speakers  Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory. Spot gold rose 0.2% at $2,624.17 per ounce by 0155 GMT, after hitting its lowest since Oct. 10 on Monday. U.S. gold futures rose 0.5% to $2,630.10. The U.S. dollar held near a four-month high as investors continued to pile into trades seen as benefiting from the incoming Donald Trump ...
Gold hovers near 1-month low ahead of US data, Fed speakers
Gold hovers near 1-month low ahead of US data, Fed speakers
Source: Reuters
2024-11-12 08:50:34 am
Oil prices hold their ground after falling on China stimulus  Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of markets in prior sessions. Brent crude futures fell 1 cent to $71.82 a barrel, by 0158 GMT. U.S. West Texas Intermediate crude futures were at $68.07 a barrel, up 3 cents. Both contracts had fallen by more than 5% over the previous two trading sessions. China on Friday unveiled a 10 ...
Oil prices hold their ground after falling on China stimulus
Oil prices hold their ground after falling on China stimulus
Source: Reuters
2024-11-12 08:43:18 am
Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities Below the Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities   COMEX Gold prices fell to a one-month low of $2,650.30 per ounce last week, as investor sentiment shifted toward risk assets following Trump's election victory and the Republican Party’s successful bid to regain control of the US Senate. Gold briefly rebounded above $2,700 after the Federal Reserve’s widely anticipated 25-basis point rate cut. However, stronger dol...
Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Quote On Gold and Crude by Kaynat Chainwala, AVP-Commodity Research, Kotak Securities
Source: Kotak Securities Ltd
2024-11-11 03:25:59 pm
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg Domestic prices of gold slipped to Rs 77,000 per 10 grams on Monday due to poor demand after the festive season ended. According to the Indian Bullion Jewelers Association (IBJA), the prices of 24-carat gold have slipped to Rs 77,030 per 10 grams. The rate of 22-carat gold is Rs 75,180 per 10 grams and the price of 20-carat gold is Rs 68,550 per 10 grams. The price of 18-carat gold is Rs 62,390 per 10 grams and the price of 14-carat gold is Rs 49,680 per 10 grams. Gold prices continu...
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg
Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg
Source: IANS
2024-11-11 01:59:23 pm
Gold extends decline; investors await US data, Fed comments Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7% to $2,675.90. "Gold prices were previously seen as a hedge against U.S. political risks, and a quicker-than-expected conclusion in the elections may be a trigger for some...
Gold extends decline; investors await US data, Fed comments
Gold extends decline; investors await US data, Fed comments
Source: Reuters
2024-11-11 09:19:18 am
Oil falls as China stimulus fails to boost sentiment, US dollar strength  Oil prices fell on Monday, after China's stimulus plan disappointed investors seeking fuel demand growth in the world's No. 2 oil consumer and as the U.S. dollar edged higher. Brent crude futures fell $1.10, or 1.5% to $72.77 a barrel by 1101 GMT while U.S. West Texas Intermediate crude futures were at $69.17 a barrel, down $1.21, or 1.7%. Both benchmarks fell more than 2% on Friday. The dollar firmed 0.40%, as traders prepared for a key reading of U.S. consumer inflati...
Oil falls as China stimulus fails to boost sentiment, US dollar strength
Oil falls as China stimulus fails to boost sentiment, US dollar strength
Source: Reuters
2024-11-11 08:56:12 am
India`s steel exports clock double digit growth in October India's steel exports recorded a double-digit growth of 11 per cent in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel.    While the country's steel exports rose to 4.4 million lakh tonnes in October, from 4 lakh tonnes in September, there was a dip in imports which will help the domestic steel companies to fetch better prices for their products in the third quarter, a senior offici...
India`s steel exports clock double digit growth in October
India`s steel exports clock double digit growth in October
Source: IANS
2024-11-10 01:48:51 pm
44% of companies missed PAT expectations in Q2FY25 so far Q2FY25 earnings so far, have made investors jittery and we have seen stocks of companies reporting weak earnings/ weak outlook correcting. Based on the analysis of 157 companies who have reported out of the JM Financial coverage universe of 275 companies, we come to the following conclusions: (1) 44% (69 companies) missed expectations, 41% (65 companies) beat expectations while 15% (23 companies) were inline. (2) 27% (43 companies) have reported weaker revenue growth than expected. (3) There ...
44% of companies missed PAT expectations in Q2FY25 so far
44% of companies missed PAT expectations in Q2FY25 so far
Source: PR Agency
2024-11-09 06:22:48 pm
Centre buys paddy worth Rs 27,995 crore in Punjab, 6.8 lakh farmers benefit Food Corporation of India (FCI) and state agencies have procured 120.67 lakh metric tonne (LMT) paddy in Punjab during the ongoing kharif marketing season (KMS) 2024-2025 (as of November 8) worth Rs 27,995 crore, the government said on Saturday.  A total quantity of 126.67 LMT of paddy arrived in the Punjab mandis as of November 8, out of which 120.67 LMT has been procured by state agencies and the FCI. The paddy is being purchased at MSP Rs 2,320 per quintal as decided by governme...
Centre buys paddy worth Rs 27,995 crore in Punjab, 6.8 lakh farmers benefit
Centre buys paddy worth Rs 27,995 crore in Punjab, 6.8 lakh farmers benefit
Source: IANS
2024-11-09 01:42:52 pm
India says oil prices would have rocketed without its Russian imports Global oil prices "would have hit the roof" if big importer India had not bought oil from Russia following the Ukraine war, India's oil minister said, adding that prices would determine where the country buys oil from. India, the world's third largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine's invasion began in early 2022. Before that, India bought little oil from its long-runnin...
India says oil prices would have rocketed without its Russian imports
India says oil prices would have rocketed without its Russian imports
Source: Reuters
2024-11-09 10:52:47 am
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory Malaysian palm oil futures climbed for a third consecutive week, reaching their highest weekly gain since June 2022, closing at 5,100 ringgit per metric ton. A major industry conference in Bali provided projections indicating palm oil’s continued upward trajectory, fueled by tight supply and strong demand. Indonesia’s upcoming biodiesel mandate increase to 40% in 2025 is expected to intensify demand, requiring additional feedstock of around 3 million metric tons. Global palm oil o...
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory
Palm Oil Sees Strongest Weekly Gains Since June 2022 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 05:31:12 pm
India`s rice inventories hit record high, triples government target India's rice inventories surged to an all-time high of 29.7 million metric tons in November, sources said on Friday, nearly three times the government's target, as export curbs imposed over the past two years bumped up local supplies. Higher stocks would allow the world's biggest rice exporter to boost shipments without worrying about domestic supplies, which were limited last year and led New Delhi to restrict exports of all grades. Rice reserves in state granaries totalled...
India`s rice inventories hit record high, triples government target
India`s rice inventories hit record high, triples government target
Source: Reuters
2024-11-08 04:41:18 pm
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory India's rice inventories have soared to a record 29.7 million tons, nearly three times the government target. This surge follows recent export curbs that have increased domestic supplies, leaving India with ample stocks. The country’s Food Corporation of India (FCI) is now facing storage challenges as the new crop arrives, adding to the existing inventory. This bumper stock offers India the potential to boost rice exports without straining local supply. However, storage delays have ...
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory
India`s Rice Stocks Surge to Record High Amid Export Curbs by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:39:26 pm
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory China's steel industry, already grappling with domestic demand challenges, could face additional strain if the U.S. raises tariffs on goods containing steel under President-elect Trump's administration. While less than 1% of China's steel is directly exported to the U.S., indirect exports—such as manufactured items made from steel—are significant, with potential tariffs threatening up to 12.78 million tons. This impact could intensify as domestic steel consumption cont...
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
China`s Steel Sector Faces Indirect Threats from Donald Trump`s Tariff Plans by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 04:36:35 pm
India`s April-Sept steel imports led by China, government data shows  India's imports of steel over the period from April to September were led by shipments from China, according to provisional government data reviewed by Reuters on Friday, and the South Asian nation remained a net importer of the alloy. The world's second-biggest producer of crude steel imported 4.7 million metric tons of the finished metal from April to September, up 42.2% from a year ago, the data showed. China exported 1.4 million metric tons of steel to India during the...
India`s April-Sept steel imports led by China, government data shows
India`s April-Sept steel imports led by China, government data shows
Source: Reuters
2024-11-08 03:43:22 pm
US election result to keep energy prices reasonable, Indian official says Source The outcome of U.S. elections is positive for energy prices to remain reasonable and affordable, India's Chief Economic Adviser V. Anantha Nageswaran said on Friday. That was an important factor for India and several developing economies, he added.
US election result to keep energy prices reasonable, Indian official says Source
US election result to keep energy prices reasonable, Indian official says Source
Source: Reuters
2024-11-08 03:37:24 pm
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory China’s oilseed production is forecasted to rise in MY 2024/25, driven by higher yields in soybeans, peanuts, and rapeseed. Soybean production is estimated at 19.9 MMT due to favorable weather, while peanut output is projected to increase to 18.4 MMT with stable planting areas. Despite a decrease in the soybean planting area, yield improvements are expected to offset this reduction, ensuring a steady supply. However, domestic prices remain low, challenging local farmers' profitabili...
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory
China`s Oilseed Market : Soybean at 19.9 MMT, Peanut at 18.4 MMT in 2024/25 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-08 03:25:48 pm
Perspective on `Gold prices post US Fed Rate Cut Announcement` by Mr. Colin Shah, MD, Kama Jewelry Below the Perspective on `Gold prices post US Fed Rate Cut Announcement` by Mr. Colin Shah, MD, Kama Jewelry   “Gold prices in the international market rallied over 1% to trade over the $2710 level. The move is primarily due to the 25 bps rate cut announced by the US Fed last night. The rate cut led to a cooloff in DXY and subsequently a rally in gold. The yellow has recovered much of the fall witnessed earlier this week. Gold prices normally tend to rise in a low-interest re...
Perspective on `Gold prices post US Fed Rate Cut Announcement` by Mr. Colin Shah, MD, Kama Jewelry
Perspective on `Gold prices post US Fed Rate Cut Announcement` by Mr. Colin Shah, MD, Kama Jewelry
Source: PR Agency
2024-11-08 10:47:56 am
The Federal Reserve's Rate Decrease: Impact on Indian Markets The U.S. Federal Reserve’s decision to lower interest rates typically has wide-reaching implications for economies around the globe. As one of the world’s largest and most influential economies, the Fed's monetary policy affects everything from emerging markets to currency stability. For India, a rate decrease in the U.S. can bring both opportunities and challenges. Here, we break down the key impacts this move may have on the Indian market. ### 1. *Capital Flows and Stock ...
The Federal Reserve's Rate Decrease: Impact on Indian Markets
The Federal Reserve's Rate Decrease: Impact on Indian Markets
Source: IGI Editorial
2024-11-08 09:52:42 am
Gold prices set for second straight weekly fall Source Gold prices fell on Friday and were headed for a second straight weekly fall as traders assessed the impact of Donald Trump's presidency and its implications for U.S. interest rates. Spot gold fell 0.7% to $2,687.65 per ounce as of 0645 GMT and has slid nearly 2% this week. Prices hit over three-week lows on Wednesday in the aftermath of Trump's U.S. presidential election win, but rebounded by over 1% a day later. U.S. gold futures shed 0.4% to $2,694.50 on the day. The U.S. ...
Gold prices set for second straight weekly fall Source
Gold prices set for second straight weekly fall Source
Source: Reuters
2024-11-08 09:20:44 am
Oil prices fall as Hurricane Rafael expected to start weakening Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald Trump's policies might affect supplies. Brent crude oil futures fell 47 cents, or 0.6%, to $75.16 per barrel by 0446 GMT. U.S. West Texas Intermediate (WTI) crude fell 55 cents or 0.8% to $71.81. The benchmarks fell after rising nearly 1% on Thursday. For the week, Brent is set to gain 3.1...
Oil prices fall as Hurricane Rafael expected to start weakening
Oil prices fall as Hurricane Rafael expected to start weakening
Source: Reuters
2024-11-08 08:47:28 am
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities     "Gold traded in a flat to range-bound manner as market participants awaited the outcome of the Federal Reserve's meeting tonight, with expectations leaning toward a 0.25% rate cut. Additionally, investors anticipate a statement hinting at potential further rate reductions. After yesterday's significant selloff of over Rs.1,800, dropping from Rs.78,50...
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Gold by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-07 04:39:52 pm
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance The Ministry of Mines has successfully concluded the auction of 8 critical mineral blocks, launched under Tranche IV of the Auction of Critical and Strategic Mineral Blocks as part of India’s strategy to secure a steady supply of these minerals vital for sectors including electronics, defence, and renewable energy.  "These blocks contain deposits of strategic minerals such as phosphorite, graphite, and vanadium, essential for high-tech and green energy applications. The auc...
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Source: IANS
2024-11-07 03:21:25 pm
Gold edges up as traders brace for Fed rate decision Gold prices edged up on Thursday but hovered at a three-week low, as market participants braced for an expected rate cut decision by the U.S. Federal Reserve later in the day. Spot gold rose 0.1% to $2,663.09 per ounce, as of 0924 GMT, after hitting its lowest level since Oct. 15 earlier in the session. U.S. gold futures shed 0.2% to $2,670.00. The dollar index eased from a four-month high, following Republican Donald Trump's win in the U.S. presidential election. A stronger doll...
Gold edges up as traders brace for Fed rate decision
Gold edges up as traders brace for Fed rate decision
Source: Reuters
2024-11-07 09:38:57 am