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Cement volumes upgrade 9%, prices up 8% in May
28 Jun

Cement volumes upgrade 9%, prices up 8% in May

editorBusiness, News
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…
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Indian manufacturing sector sales upgrade 6% in FY25
27 Jun

Indian manufacturing sector sales upgrade 6% in FY25

editorBusiness, News
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…
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Coriander futures prices upgrade due to high demand
26 Jun

Coriander futures prices upgrade due to high demand

editorBusiness, News
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.
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Aluminium futures prices downfall on weak demand
24 Jun

Aluminium futures prices downfall on weak demand

editorBusiness, News
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.
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Crude oil prices upsurge on spot demand
23 Jun

Crude oil prices upsurge on spot demand

editorBusiness, News
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.…
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India’s foreign exchange reserves upsurge to $698.95 billion
21 Jun

India’s foreign exchange reserves upsurge to $698.95 billion

editorBusiness, News
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,…
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Crude oil prices upgrade on spot demand
20 Jun

Crude oil prices upgrade on spot demand

editorBusiness, News
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…
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Coriander futures prices upgrade due to high demand
19 Jun

Coriander futures prices upgrade due to high demand

editorBusiness, News
New Delhi, June 19: Coriander prices rose by Rs 12 to Rs 7,008 per quintal in futures trade on Thursday as speculators increased their positions in view of a firm trend in the spot market. Coriander contracts for July delivery rose by Rs 12, or 0.17 percent, to Rs 7,008 per quintal on the National Commodity and Derivatives Exchange, with a turnover of 17,705 lots. Market analysts said coriander prices rose due to a firm trend in the spot market and limited supplies from producing regions.
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IndusInd Bank shares rose nearly 6%, highest in two months; find out why
18 Jun

IndusInd Bank shares rose nearly 6%, highest in two months; find out why

editorBusiness, News
Shares of the Mumbai-based private lender - IndusInd Bank - jumped 5.72% - the most in two months (since April 15), hitting an intraday high of ₹855.50 on the National Stock Exchange. Shares of IndusInd Bank jumped 5.69% to hit an intraday high of ₹855.20 on the BSE after global investment bank Nomura maintained a positive outlook on the stock. IndusInd Bank is on a turnaround path, according to Nomura, which highlighted that most of the bank's legacy issues are now resolved. The global investment bank expects IndusInd Bank's return on assets (RoA) to grow steadily to 1% by FY27.…
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Gold price downgrade Rs 170; weak global cues
17 Jun

Gold price downgrade Rs 170; weak global cues

editorBusiness, News
New Delhi, June 17 Gold prices in the national capital on Monday fell by Rs 170 to Rs 1,01,370 per 10 grams amid weak global trends, according to the All India Sarafa Association. The precious metal of 99.9 percent purity had closed at Rs 1,01,540 per 10 grams on Friday. Gold of 99.5 percent purity fell by Rs 150 to Rs 1,00,550 per 10 grams (inclusive of all taxes). The metal had closed at Rs 1,00,700 per 10 grams in the previous session. Besides, the price of silver on Monday fell by Rs 1,000 to Rs 1,07,100 per kg (inclusive…
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