News - The Purbottar

09 Jul

Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters

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Shares of Union Bank of India fell nearly 6% to a low of ₹141.54 per share after the state-run bank shared its business updates for the April-June quarter of FY2025-26. The bank has witnessed the lowest loan growth in four quarters. The total global business of this public sector bank stood at ₹22.14 lakh crore, up 5.01% to ₹22.14 lakh crore from ₹22.08 lakh crore in Q1 FY2024. Sequentially, it has witnessed a decline of 1.80%. On the deposit front, the total global deposits of Union Bank grew 3.63% year-on-year to ₹12.39 lakh crore in Q1 FY2026. However, it declined…

08 Jul

Copper futures prices upgrade on increased spot demand

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New Delhi, Copper futures prices rose 0.42 percent to Rs 893 per kg on Tuesday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose by Rs 3.70 or 0.42 percent to Rs 893 per kg in a business turnover of 7,957 lots. Analysts attributed the rise in copper prices to higher bets by participants.

07 Jul

Coriander futures prices upgrade due to high demand

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New Delhi, coriander prices rose by Rs 18 to Rs 7,254 per quintal in futures trading on Monday as speculators increased their deal size due to strong trend in the spot market. Coriander contract for August delivery on NCDEX rose by Rs 18 or 0.25 per cent to Rs 7,254 per quintal in which 9,310 lots were traded. Market analysts said coriander prices rose due to strong trend in the spot market and limited supply from producing areas.

05 Jul

Crude oil futures downgrade amid weak demand

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New Delhi, Crude oil futures on Friday fell by Rs 20 to Rs 5,704 per barrel as participants offloaded their positions due to weak demand in the spot market. Crude oil contracts for July delivery on the Multi Commodity Exchange fell by Rs 20, or 0.35 percent, to Rs 5,704 per barrel in a business turnover of 11,943 lots. Analysts said prices were impacted as participants offloaded their positions amid weak demand in the spot market. Globally, West Texas Intermediate crude was trading 0.36 percent lower at $66.76 per barrel, while Brent crude was down 0.47 percent at $68.48 per…

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…

03 Jul

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

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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…

02 Jul

Crude oil prices upsurge on spot demand

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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…

01 Jul

Copper futures upgrade on high demand

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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…

30 Jun

Karnataka Bank share price downturns over 7%

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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…

28 Jun

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

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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…