Tag Archives: commodities

Gold declines marginally; silver falls by Rs 230

New Delhi: Gold prices declined marginally by Rs 10 to Rs 46,673 per 10 gram in the national capital on Monday amid muted global trends, according to HDFC Securities. The precious metal had settled at Rs 46,683 per 10 gram … Continue reading

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Cotton prices may stay way above minimum support levels in 2021-22 cotton year

Strong rebound in post-Covid-19 demand and bullish sentiments due to tight supplies are expected to keep Indian cotton prices way above the government set minimum support price levels in 2021-22 cotton year (October-September). Along with cutting India’s cotton exports, high … Continue reading

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m-Junction Services conducts e-auction for SAIL’s commercial paper worth Rs 700 crore

KOLKATA: mjunction Services, one of the country’s largest B2B e-commerce companies has conducted an e-auction for commercial papers (CPs) worth Rs 700 crore for Steel Authority of India Limited (SAIL). For SAIL, this was a significant step towards adopting a … Continue reading

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Downturn will mark unprecedented shift for mining industry: Moody’s

NEW DELHI: The slowdown in the mining sector, particularly in China — the world’s biggest metal consumer — will lead to an “unprecedented shift in the industry, Moody’s Investor Service said today. The downturn and subdued prices have weakened the … Continue reading

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Deepak Nitrite sells land in Pune for Rs 69.60 crore

NEW DELHI: Chemicals firm Deepak Nitrite today said the company has sold a parcel of land in Pune for a total consideration of Rs 69.60 crore. Deepak Nitrite in a regulatory filing also announced that it has “surrendered/assigned its lease … Continue reading

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Reliance Industries forms commodities trading arm in Abu Dhabi

Reliance Industries has formed a new subsidiary, Reliance International (RINL), for trading in crude oil, petroleum products, petrochemicals and agricultural commodities, the Mukesh Ambani-led company said in a statement to stock exchanges on Saturday. RIL said it has made an … Continue reading

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ITC’s newer FMCG business crosses Rs 10,000 crore revenue milestone

KOLKATA: ITC Ltd’s newer FMCG business, which includes packaged food, personal care and education stationary products, crossed the Rs 10,000 crore revenue milestone in 2016-17 with sales growing by 8% to Rs 10,511.83 crore. The company’s fourth quarter earnings released … Continue reading

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Global economic trends | Brave New World: What sparked a rally in uranium; hedge your portfolio with farmland

1. Vietnam: The China of 1990s or more like Singapore Vietnam is one of the five fastest-growing countries over the past 30 years As most countries slipped into a deep recession in 2020, Vietnam is one of the few countries … Continue reading

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silver price | Commodity outlook: How gold, silver, oil and agri-commodities may trade today

NEW DELHI: Metal and energy counters on MCX traded mixed on Wednesday. At the same time, most agri commodities were trading with gains as the US said it was preparing a stimulus package. Gold was up 0.24 per cent while … Continue reading

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National Commodity and Derivatives Exchange | Soybean futures rise on fresh bets

Soybean prices on Thursday rose by Rs 33 to Rs 4,632 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for February delivery gained Rs 33, or … Continue reading

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