editor

New Delhi, Crude oil prices rose by Rs 24 to Rs 5,639 per barrel in futures trade on Wednesday as participants increased the size of their deals following strong spot demand. Crude oil prices for July delivery rose by Rs 24, or 0.43 percent, to Rs 5,639 per barrel on the Multi Commodity Exchange in a business turnover of 14,050 lots. Analysts said crude oil prices rose in futures trade as participants increased their bets. Globally, West Texas Intermediate crude was trading 0.46 percent higher at $65.75 per barrel, while Brent crude rose 0.46 percent to $67.42 per barrel in…

New Delhi, Copper futures on Tuesday rose 0.46 percent to Rs 898.70 per kg on high spot demand. During the day, the metal touched an all-time high of Rs 903 per kg. Copper contracts for July delivery on the Multi Commodity Exchange pared their gains and were trading lower by Rs 4.10, or 0.46 percent, at Rs 898.70 per kg in a business turnover of 8,260 lots. Sriram Iyer, Senior Research Analyst at Reliance Securities, said easing trade concerns and positive macroeconomic data from the US boosted investor sentiment, pushing copper prices higher. On the economic calendar front, investors will…

Karnataka Bank share price: Shares of Karnataka Bank, a private sector lender headquartered in Mangaluru, Karnataka, fell as much as 7.53% to ₹192 per share on the NSE on Monday, June 30, following the resignation of top executives. Karnataka Bank in its press release said that the lender's board has accepted the resignation of Managing Director and CEO Srikrishnan Hari Hara Sarma on June 29. The resignation will be effective from July 15, 2025. Sarma has cited personal reasons including his decision to move back to Mumbai for his resignation. The bank's executive director Shekhar Rao has also submitted his…

New Delhi, The cement industry has recorded a 9 percent growth in volumes in May this year to 39.6 million metric tonnes (MT), while average cement prices have also increased by 8 percent, a report said. The cement industry, which is facing low sales realisation, has recorded an 8 percent increase in the price of a 50 kg bag to Rs 360 per bag in May 2025, according to the latest report by rating agency ICRA. Further, operating margins have also improved due to stable input costs as energy prices of coal and petcoke are low and diesel prices are…

Mumbai: Sales of listed manufacturing sector companies grew 6 per cent during 2024-25 as against a growth of 3.5 per cent in the previous year, led by automobiles, electrical machinery, food and beverages, and pharmaceuticals industries, according to RBI data. On the other hand, among key industries, petroleum and iron and steel sectors recorded a contraction in their sales during 2024-25, it said. On Thursday, the Reserve Bank released data on the performance of the private corporate sector during 2024-25 prepared from the abbreviated financial results of 3,902 listed non-government non-financial (NGNF) companies. During 2024-25, sales growth of listed private…

New Delhi, June 25: Coriander prices rose by Rs 10 to Rs 7,114 per quintal in futures trade on Wednesday as speculators increased their positions in view of a firm trend in the spot market. Coriander contracts for July delivery rose by Rs 10, or 0.14 percent, to Rs 7,114 per quintal on the National Commodity and Derivatives Exchange, with a turnover of 15,925 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.

New Delhi, June 24: Aluminium prices fell by Rs 2.75 to Rs 247.70 per kg in futures trade on Tuesday as participants cut their positions following a weak trend in the spot market. Aluminium contracts for July delivery fell by Rs 2.75, or 1.1 percent, to Rs 247.70 per kg on the Multi Commodity Exchange in a business turnover of 3,574 lots. Analysts said aluminium prices fell mainly due to participants cutting their positions due to sluggish demand from consumer industries.

New Delhi, June 23: Crude oil prices rose by Rs 110 to Rs 6,514 per barrel in futures trade on Monday as participants increased their bets following strong spot demand. Crude oil prices for July delivery rose by Rs 110, or 1.72 percent, to Rs 6,514 per barrel on the Multi Commodity Exchange in a business turnover of 8,416 lots. Analysts said crude oil prices rose in futures trade as participants raised bets. Globally, West Texas Intermediate crude was trading 1.65 percent higher at $75.06 per barrel, while Brent crude rose 1.24 percent to $78.25 per barrel in New York.…

Mumbai, June 20: India's foreign exchange reserves rose by $2.294 billion to $698.95 billion in the week ended June 13, the Reserve Bank of India said on Friday. The total reserves had risen by $5.17 billion to $696.65 billion in the previous reporting week ended June 6. The foreign exchange reserves had touched an all-time high of $704.885 billion at the end of September 2024. Foreign currency assets, a key component of the reserves, rose by $1.739 billion to $589.426 billion for the week ended June 13, according to data released on Friday. Foreign currency assets, expressed in dollar terms,…

New Delhi, June 20: Crude oil prices rose by Rs 79 to Rs 6,370 per barrel in futures trade on Friday as participants raised the size of their deals following strong spot demand. Crude oil prices for July delivery rose by Rs 79, or 0.7 percent, to Rs 6,370 per barrel on the Multi Commodity Exchange in a business turnover of 9,030 lots. Analysts said crude oil prices rose in futures trade as participants raised their bets. Globally, West Texas Intermediate crude was trading 0.19 percent lower at $75.00 per barrel, while Brent crude fell 2.93 percent to $76.54 per…