commodities News

New Economic data benefits US Dollar

New Economic data benefits US Dollar

New York: The US dollar strengthened in late trading on Tuesday as market participants pored through newly-released economic data.The dollar index, which measures the greenback against six major peers, was up 0.50 per cent at 93.5329.In late New York trading, the euro fell to $1.1744 from $1.1810 do...

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SEBI finds Titan Jewellery CEO guilty of insider trading

SEBI finds Titan Jewellery CEO guilty of insider trading

Mumbai: Market regulator Securities and Exchange Board of India (SEBI) has found Ajoy Chawla, CEO of Titan's jewellery division guilty of insider trading.The regulator said Chawla had violated norms by trading on shares of the company for three days during September 2018. During the three days, the ...

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Gold Jewellery and investment picking up, stocks of Titan shimmers

Gold Jewellery and investment picking up, stocks of Titan shimmers

Mumbai/Chennai: Want to know if Gold sales in India is recovering from Covid-induced lockdown? Titan Industries offers a cue to that answer.The company informed stock exchanges of its second quarter update on Wednesday. The second quarter refers to sales in the months of July-August-September.The sa...

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Alert: LNG imports could rise, may impact CAD

Alert: LNG imports could rise, may impact CAD

New Delhi: Covid restrictions that arrested imports temporarily were reasoned for a positive Current Account Deficit in India. However, there are chances that the Current Account Deficit may head South. That, owing to imports of liquefied natural gas or LNG.With demand for gas soaring in a unlocked ...

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Economy shows signs of improvement, steel companies hike

Economy shows signs of improvement, steel companies hike

New Delhi: In a sign of economic activity gradually picking pace in the unlock phase, steel companies have increased the price of the metal for the fourth month in a row in October on the back of demand revival and firm price trends in the overseas market.Benchmark hot rolled coils (HRC) prices have...

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Stock-up: Navaratri is coming, brace up for costlier potato

Stock-up: Navaratri is coming, brace up for costlier potato

New Delhi: Decreased supplies of potatoes for the past many months at the Azadpur fruits and vegetable market here and an increased demand in the coming Navratri festive season are expected to keep the prices of the humble staple on the higher side in the near future.Increased prices in the coming w...

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Hope for desi Gold soars as mining resumes in Kolar fields after two decades

Hope for desi Gold soars as mining resumes in Kolar fields after two decades

Bengaluru: The popular Kolar Gold Mines, contributed 900 tons of Gold since 1956, have been reopened for the first time since February 28, 2001. The mines were closed for nearly two decades over environmental concerns and high cost of mining of Gold.  The Union minister for Coal and Mines Pralh...

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Oil India CMD reveals profits in tough Covid-struck year

Oil India CMD reveals profits in tough Covid-struck year

Oil India Limited on Tuesday revealed revenues of Rs 2,584 crores against a revenue of Rs 13,649 crores for the fiscal year 2019-20.CMD Sushil Chandra Mishra revealed the numbers speaking at the 61st virtual AGM. He added that the year was a challenging and pointed to weak global economic growth, re...

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Cement price likely to drop in India in Sept quarter

Cement price likely to drop in India in Sept quarter

Mumbai: Expect cost of cement to drop in India by a margin of 3.7 percent. A report from Emkay Global Financial Services, suggests that the average trade prices of cement would decline by Rs 3 to 5 per bag across regions this month.The price gap between trade and non-trade cement remained wide in th...

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Finance ministry could reduce cess to make Petrol, Diesel and even air travel cheaper

Finance ministry could reduce cess to make Petrol, Diesel and even air travel cheaper

New Delhi: The Finance Ministry is exploring a proposal that involves halving the cess charged on domestic production or refining of crude oil.The proposal seeks halving cess from 20 percent (currently) to 10 percent. If accepted, reduction in cess could make gasoline prices cheaper in the country. ...

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