May 26, 2022 11:47 AM ISTSpeaking to Moneycontrol, Petroleum Minister Hardeep Singh Puri says that he doesn’t think there is a shortage of oil in the world. He adds that the problem of high oil prices can be reversed very easily. Watch the video for more.
May 26, 2022 09:54 AM IST Gold market is holding support above $1,850 an ounce, but disappointing manufacturing data is not providing any new bullish momentum for the precious metal as prices remain in negative territory early in the session, said Rahul Kalantri, VP Commodities, Mehta Equities.
May 26, 2022 09:50 AM IST The macro as well as the technical picture suggest that a breakdown in copper prices is likely in the coming months, which implies a worsening of financial conditions globally
May 26, 2022 09:01 AM IST According to Geojit , Availability of sugar stocks in the country during Oct-Nov is important as it is the peak festival season, Food Secretary Sudhanshu Pandey said.
May 25, 2022 12:25 PM IST India, with a marginal share of global wheat exports, needs to balance domestic needs with those of friendly countries, sources in the government have said
May 25, 2022 11:56 AM IST While domestic demand has remained flat, exports too have been hit by difficulties in shipping tea to Russia and Iran, the two largest buyers of Indian tea
May 25, 2022 09:53 AM IST Gold has support at Rs 50,840–50,650, while resistance is at Rs 51,340–51,550. Silver has support at Rs 61,510-60,950 and resistance is at Rs 62,380–62,710, said Rahul Kalantri, VP Commodities at Mehta Equities.
May 25, 2022 09:05 AM IST According to Geojit , The government has allowed import of 2 mln tn of crude soyoil and crude sunflower oil per year each at nil duty under the tariff rate quota, the finance ministry said in a release.
May 24, 2022 05:18 PM IST India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year, according to data released by the Ministry of Petroleum and Natural Gas.
May 24, 2022 04:01 PM IST Revenue from operations surged 18% year-on-year (YoY) to Rs 28,811 crore against Rs 24,402 crore last year in the same quarter.
May 24, 2022 01:01 PM IST Government mulls mandatory hallmarking pan-India in the next one year. How will it impact gold and silver prices, and the consumers? Let's find out with Manisha Gupta
May 24, 2022 10:11 AM IST Brent crude futures for July slid 61 cents, or 0.5%, to $112.81 a barrel by 0402 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery dropped 55 cents, or 0.5%, to $109.74 a barrel. Both benchmarks fell by more than $1 earlier in the session.
May 24, 2022 10:06 AM IST Tapan Patel of HDFC Securities expects gold prices to trade sideways to up for the day with COMEX Spot gold support at $1840 and resistance at $1870 per ounce. MCX Gold June futures support lies at Rs 50600 and resistance at Rs 51200 per 10 gram.
May 24, 2022 09:05 AM IST According to Geojit , The government's surprise ban on wheat exports amid rising inflation and food security concerns has left 2 mln tn of the staple grain stranded at major Indian ports as of May 16, trade sources told Informist.
May 24, 2022 07:42 AM IST Spot gold held its ground at $1,852.84 per ounce, as of 0048 GMT, after scaling to its highest since May 9 at $1,865.29 on Monday. U.S. gold futures gained 0.3% to $1,852.40.
May 23, 2022 02:17 PM IST On May 21, the government announced a series of measures to bring down inflation in the country
May 23, 2022 10:21 AM IST This would benefit the engineering goods manufacturers and their exports to become more competitive in the global markets, said EEPC India chairman Mahesh Desai
May 23, 2022 09:58 AM IST With the onset of monsoon, off-take and prices of steel are both likely to be weak. Prices of pellets are likely to correct sharply, given lower export opportunities.
May 23, 2022 09:47 AM IST "A pullback can be seen so buying can be initiated at lower levels where gold has resistance at Rs 51100 and support at Rs 50500. Silver has resistance at Rs 62300 and support at Rs 60500," said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
May 23, 2022 09:31 AM IST Lower fuel taxes will help lower runaway inflation and ease the burden on the common man. But the measures to lower steel prices are likely to hurt steel producers
May 23, 2022 09:14 AM IST South Indian spinning mills are being shut down, citing the unprecedented rise in cotton prices. The Indian textile industry is at risk of becoming uncompetitive
May 23, 2022 08:52 AM IST According to Geojit , Acreage under tur across the country is expected to shrink by 11-15% to 4.3-4.5 mln ha in 2022-23 (Jul-Jun) due to fall in prices of the pulse below its minimum support price and rise in prices of other crops like soybean and cotton.
May 23, 2022 07:57 AM IST Brent crude futures rose 82 cents to $113.37 a barrel at 0126 GMT, while U.S. West Texas Intermediate (WTI) crude futures climbed 69 cents, or 0.6%, to $110.97 a barrel, adding to last week's small gains for both contracts.
May 23, 2022 06:37 AM IST Spot gold rose 0.3% to $1,850.39 per ounce, by 0039 GMT, their highest since May 12. U.S. gold futures GCv1 also gained 0.3% to $1,847.90.
May 23, 2022 06:30 AM IST Short covering in Gold Mini Futures along with breakouts in price and RSI indicate an upward movement
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