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Rupee upgrade 31 paise to 85.31 against US dollar
04 Jul

Rupee upgrade 31 paise to 85.31 against US dollar

editorBusiness, News
New Delhi, The rupee on Thursday recovered from early losses to close 31 paise higher at 85.31 (provisional) following a weakening of the dollar against major currencies overseas and a fall in US Treasury yields. Forex traders said the dollar declined due to weaker-than-expected ADP non-farm employment data from the US. They said a fall in global crude oil prices also supported the local currency. The domestic currency opened at 85.69 against the US currency at the interbank foreign exchange market and touched an intra-day high of 85.19 and a low of 85.70 during the session. The local currency finally…
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Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands
03 Jul

Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands

editorBusiness, News
Nykaa block deal: Shares of FSN E-Commerce Ventures Ltd, commonly known as Nykaa, traded 4% lower at ₹203.10 per share on the NSE in morning trade on Thursday, July 3, after a block deal was witnessed in the company. According to a TV report, six crore shares representing 2.3% equity changed hands through the block deal during the block deal window in the morning session. Earlier, reports said that Harinderpal Singh Banga and Indra Banga are likely to sell 2.1% equity of Nykaa through the block deal. The Banga family is one of the early backers of Nykaa. The family…
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Crude oil prices upsurge on spot demand
02 Jul

Crude oil prices upsurge on spot demand

editorBusiness, News
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…
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Copper futures upgrade on high demand
01 Jul

Copper futures upgrade on high demand

editorBusiness, News
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…
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Karnataka Bank share price downturns over 7%
30 Jun

Karnataka Bank share price downturns over 7%

editorBusiness, News
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…
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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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